JA Solar's fortunes have improved as the global solar market returns to growth. The Chinese wafer, cell and module manufacturer, a leading provider of PV cells for some years, has upped its Q4 guidance by 200 – 150 MW.
While in Q2 2015, JA Solar was supplying some of its modules to its PV power plant projects, in Q4 2015 JA reports that "nearly all shipments" went to external customers.
On the back of these sales, JA expects to register revenues between RMB4.4 to RMB 4.6 billion, with a gross margin between 16.4% to 17.4%. The result represents Q/Q revenue growth of 15.79%.
2015 was a significant one for JA Solar, not only for regarding it shipment and revenue growth. It also took the important step of adding manufacturing capacity outside of China, in the form of a 400 MW multicrystalline cell facility in Malaysia. The new factory was inaugurated in October 2015, and JA reports that it is now ramped and "running smoothly." The facility allows JA Solar to supply cells to markets such as the U.S. and EU, without incurring AD duties and outside of the EU minimum import price undertaking.
The April 2016 print edition of pv magazine will feature an exclusive interview with JA Solar's Malaysian cell project management team.
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Jonathan Gifford
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