JA Solar to take profit hit in Q1

Facebook
Twitter
LinkedIn
Reddit
Email
JA Solar also noted that its management had made coordinated efforts in Q1 to reduce the impact of the pandemic on business development. Image: JA Solar

‘Solar Module Super League’ (SMSL) member, JA Solar has guided first quarter 2020 net profitability to take a hit from COVID-19.

The SMSL issued net profit guidance to be in a range of RMB 250 million to RMB 350 million (US$35.4 million to US$42.5 million) for the first quarter of 2020, compared to a net profit of over RMB 550 million (US$78.7 million) in the fourth quarter of 2019. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

JA Solar issued net profit guidance to be in a range of RMB 250 million to RMB 350 million (US$35.4 million to US$42.5 million) for the first quarter of 2020, compared to a net profit of over RMB 550 million (US$78.7 million) in the fourth quarter of 2019.

Comparison with the first quarter 2019 is limited, due to JA Solar acquiring a small engineering firm that was stock market listed at the time. Net profit guidance given is in the range of reported profits in Q2 and Q3, 2019. 

During the reporting period, JA Solar noted that its production and logistics cycles had been “extended” due to the impact of COVID-19. 

The company has four major manufacturing operations in Hebei province. Wuhan City in Hubei province was the epicentre of COVID-19 outbreak. JA Solar had donated RMB 10 Million in late January to fight against the virus in Wuhan.
 
JA Solar has five other manufacturing operations in provinces such as Jiangsu, Anhui, Shanghai and Inner Mongolia as well as in Vietnam and Malaysia.
 
The first quarter is typically the lowest for revenue and profitability, due to Chinese New Year shutdowns and seasonal end market demand weakness in China and major markets such as the US and Europe. 

JA Solar also noted that its management had made coordinated efforts in Q1 to reduce the impact of the pandemic on business development.

JA Solar had previously reported a net profit in 2019 of US$176.37 million, up from US$101.31 million in 2018. The company has also expanded capacity to boost sales.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA