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.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 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.
10 March 2026
Frankfurt, Germany
The conference will 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 out to 2030 and beyond.

Read Next

July 15, 2025
Indian renewable energy company SAEL Industries is developing a 5GW solar cell and 5GW module manufacturing facility in Greater Noida, Uttar Pradesh.
July 14, 2025
OpenSolar has launched a new model to help US rooftop solar installers reduce costs and thrive despite the loss of the 30% IRA tax credit.
July 11, 2025
Renewable electricity generation has grown more than twice as fast as total global electricity generation since 2012, according to the International Renewable Energy Agency (IRENA).
July 11, 2025
The Asia Pacific (APAC) region has accounted for 69% of the 589GW solar PV inverters shipped in 2024, according to a report from analyst Wood Mackenzie.
Premium
July 11, 2025
According to the latest pricing data from the Silicon Industry Branch, released on 9 July, the transaction price range for n-type dense polysilicon has oscillated between RMB34,000-38,000/ton (US$4,741-5,299/ton).
July 8, 2025
The Chinese government has moved to curb excessive competition in the PV sector and stabilise pricing as companies report growing losses.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK