JA Solar 2016 results: 5.2 GW shipped, net revenue increased

JA Solar announced a manufacturing capacity expansion to 3.0 GW for wafers, 7.0 GW for solar cells, and 6.0 GW for PV modules by the end of 2017
JA Solar announced a manufacturing capacity expansion to 3.0 GW for wafers, 7.0 GW for solar cells, and 6.0 GW for PV modules by the end of 2017

JA Solar Holdings Co., Ltd. (Beijing, China) on March 16th, 2017 announced its unaudited financial results for its fourth quarter and fiscal year ended December 31st, 2016.

JA Solar’s total 2016 shipments were 5.2 gigawatts (GW), consisting of 4,606.6 MW of PV modules and module tolling and 313.8 MW of solar cells and cell tolling to external customers, and 245.8 MW of modules to the Company’s downstream projects.

External Shipments represented an increase of 24.9% from 3.9 GW in fiscal year 2015.

Net revenue was RMB 15.7 billion (USD 2.3 billion), compared to net revenue of RMB 13.5 billion (USD 1.9 billion) in fiscal year 2015. Gross margin was 14.6%, compared to 17.0% in fiscal year 2015.

Net income was RMB 719.6 million (USD 103.6 million), compared to RMB 614.5 million (USD 88.5 million) in fiscal year 2015.

 “While the overall market environment remained challenging, we delivered solid Q4 operating results, topping off a strong 2016 for us, comments Baofang Jin, Chairman and CEO of JA Solar.

“We achieved our 2016 financial and operating goals with revenue and external shipments growing 16% and 25%, respectively.”

 

1.4 GW shipped in Q4, 2016

JA Solar’s total Q4, 2016 shipments were 1,416.2 megawatts (MW), consisting of 1,353.0 MW of PV modules and 58.9 MW of solar cells to external customers, and 4.3 MW of modules to the Company’s downstream projects.  External shipments were up 5.5% y/y and up 13.8% sequentially.


2017 full year shipments are expected to be in the range of 6.0 to 6.5 GW

For the first quarter of 2017, the Company expects total solar cell and PV module shipments to be in the range of 1,200 to 1,300 MW, essentially all being external shipments.

Full year 2017 shipments are expected to be in the range of 6.0 to 6.5 GW, including 200 to 250 MW of module shipments to the Company’s downstream projects. 

 

Manufacturing capacity expansion

As of December 31st, 2016, the Company had an annual wafer manufacturing capacity of 2.5 GW, solar cell capacity of 5.5 GW, and PV module capacity of 5.5 GW.

JA Solar expects to further expand its annual manufacturing capacity to 3.0 GW for wafers, 7.0 GW for cells, and 6.0 GW for modules by the end of 2017.

 

2017-03-17 | Courtesy: JA Solar | solarserver.com © Heindl Server GmbH

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