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JA Solar said that full-year net revenue was expected to be in the range of around US$2.18 billion to US$2.32 billion (RMB 15 to 16 billion), which indicates fourth quarter 2016 revenue of between US$400 million to US$540 million. JA Solar had reported fourth quarter 2015 revenue of US$709 million.

JA Solar said that full-year net revenue was expected to be in the range of around US$2.18 billion to US$2.32 billion (RMB 15 to 16 billion), which indicates fourth quarter 2016 revenue of between US$400 million to US$540 million. JA Solar had reported fourth quarter 2015 revenue of US$709 million.

‘Silicon Module Super League’ (SMSL) member JA Solar has revised upwards key shipment figures for the full-year 2016 but revenue is expected to be hit by a significant decline in module ASP’s. 

JA Solar said that full-year net revenue was expected to be in the range of around US$2.18 billion to US$2.32 billion (RMB 15 to 16 billion), which indicates fourth quarter 2016 revenue of between US$400 million to US$540 million. JA Solar had reported fourth quarter 2015 revenue of US$709 million.

Total module and cell shipments, including shipments to its own downstream PV projects for the full-year were said to be estimated in the range of 5.1GW to 5.2 GW, compared to downward revised shipment figures of 4.9GW to 5.0 GW. 

Based on the full-year shipment guidance, JA Solar is estimated to have had total cell and module shipments in the fourth quarter of 1.35GW to 1.45GW. JA Solar had shipped a record (at the time) 1.36GW in the fourth quarter of 2015. 

The company had previously lowered full-year guidance due to a relatively weak third quarter and expectations that the fourth quarter would also be weaker than anticipated. 

With fourth quarter shipment figures inline with the prior year quarter, revenue levels are expected to be significantly lower, due primarily to around a 35% industry-wide module ASP decline in 2016, with a 25% decline seen in the second half of the year. 

Tags: ja solar, c-si manufacturing, solar cell, pv modules, pv celltech

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