JA Solar hits 2016 shipment guidance of 5.2GW

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

‘Silicon Module Super League’ (SMSL) member JA Solar has confirmed 2016 shipments of 5.2GW, hitting its revised guidance posted in February.

The company’s latest results also revealed that average selling prices (ASPs) had trimmed profitability from 17% in 2015 to 14.6% in 2016. The 34.3% drop in gross profit tallies with the ~35% drop in global ASPs during 2016.

“While the overall market environment remained challenging, we delivered solid Q4 operating results, topping off a strong 2016 for us,” said Baofang Jin, chairman and CEO, JA Solar. “We achieved our 2016 financial and operating goals with revenue and external shipments growing 16% and 25%, respectively. In the fourth quarter, demand across Asia, especially China, exceeded our expectations with the overall APAC region representing over 83% of total shipments.

“We still have some opportunity to improve our cost structure and manufacturing performance through efficiency initiatives, and believe our operations are positioned to benefit as market conditions improve around the world,” he added. “Looking ahead, we expect demand in the domestic Chinese market to remain solid in the first half of 2017, followed by a potential slowdown in the second half. Nonetheless, we are confident that our balanced global footprint and flexible business model will enable us to adjust to evolving market conditions.”

Read Next

February 26, 2021
Spanish developer Solarpack has updated its guidance to have between 1.8GW and 2GW of solar in operation and under construction by 2023.
February 25, 2021
Soltec recorded a €4.9 million (US$6 million) loss last year as the coronavirus pandemic caused projects delays and an increase in costs for the Spanish solar tracker manufacturer.
February 23, 2021
Strong installs expected in China, India and other markets as supply chain concerns ease and costs drop further
February 11, 2021
Azure Power overcame module procurement challenges to end its third quarter with 1,987MW of operational solar capacity, a 10% increase year-on-year.
February 9, 2021
Major ‘Solar Module Super League’ (SMSL) member JinkoSolar has extended its supply chain cooperation with major polysilicon and merchant solar cell manufacturer Tongwei Group, with Tongwei gaining extra gigawatts of mono wafers from JinkoSolar.
February 9, 2021
Major China-based polysilicon producer Xinte Energy is planning the world's single largest polysilicon production complex.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Solar Media Events
June 15, 2021