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On May 27, JA Solar announced its Q1 2016 quarterly financial report
.
The company earned $24.
5 million, or 43 cents per share, in the first quarter of 2016, and 36 cents per share adjusted for non-recurring earnings, up 44 percent from last year to $538 million
.
Cell and module shipments reached 1.
13GW.
Despite rising cell and module prices, the company's operating margin was only 4%.
The stock is down 16% so far in January and about 7%
in the past 12 months.
JA Solar expects to target shipments of 5.
2-5.
5GW in 2016, half of which will be in China
.
The Chinese market is developing strongly, reaching 7.
14GW in the first quarter, far more than any other country
.
According to the financial report, 60% of JA Solar's shipments come from China, and Japan contributes 27% of the share, accounting for 87%
of the total.
JA said it has completed its transformation from a photovoltaic cell manufacturer to an integrated photovoltaic module manufacturer, and 90% of its shipments in the first quarter came from modules
.
Q2 shipments will increase to 1.
4-1.
5GW.
Q1 owned project shipments were 90MW.
The annual self-owned projects reached 250MW to 300MW
.
JA expects to complete its own 250MW PV project
by June 30.
China's feed-in tariff subsidy will begin to be cut at the end of June, and JA said there were rumours that the feed-in tariff subsidy policy would be extended until the end of
August.
Mr.
Xie Jian, CEO of JA Solar, revealed to reporters at the SNEC 2016 exhibition that JA Solar provided 420MW of photovoltaic modules
for the National Advanced Technology Photovoltaic Demonstration Base in the coal mining subsidence area of Datong City, Shanxi Province.
The total installed capacity of the first phase of the demonstration project is 950MW, and JA Solar's module supply accounts for up to 44%.
The winning bid for this project fully demonstrates JA
Solar's leadership in high-efficiency module products.
On May 27, JA Solar announced its Q1 2016 quarterly financial report
.
The company earned $24.
5 million, or 43 cents per share, in the first quarter of 2016, and 36 cents per share adjusted for non-recurring earnings, up 44 percent from last year to $538 million
.
Cell and module shipments reached 1.
13GW.
Despite rising cell and module prices, the company's operating margin was only 4%.
The stock is down 16% so far in January and about 7%
in the past 12 months.
JA Solar expects to target shipments of 5.
2-5.
5GW in 2016, half of which will be in China
.
The Chinese market is developing strongly, reaching 7.
14GW in the first quarter, far more than any other country
.
According to the financial report, 60% of JA Solar's shipments come from China, and Japan contributes 27% of the share, accounting for 87%
of the total.
JA said it has completed its transformation from a photovoltaic cell manufacturer to an integrated photovoltaic module manufacturer, and 90% of its shipments in the first quarter came from modules
.
Q2 shipments will increase to 1.
4-1.
5GW.
Q1 owned project shipments were 90MW.
The annual self-owned projects reached 250MW to 300MW
.
JA expects to complete its own 250MW PV project
by June 30.
China's feed-in tariff subsidy will begin to be cut at the end of June, and JA said there were rumours that the feed-in tariff subsidy policy would be extended until the end of
August.
Mr.
Xie Jian, CEO of JA Solar, revealed to reporters at the SNEC 2016 exhibition that JA Solar provided 420MW of photovoltaic modules
for the National Advanced Technology Photovoltaic Demonstration Base in the coal mining subsidence area of Datong City, Shanxi Province.
The total installed capacity of the first phase of the demonstration project is 950MW, and JA Solar's module supply accounts for up to 44%.
The winning bid for this project fully demonstrates JA
Solar's leadership in high-efficiency module products.
