Vertically integrated Chinese solar manufacturer JA Solar has published a pithy preliminary 2016 financial report that suggests raised shipments and strong revenue for the year.
The company expects to have shipped between 5.1 GW to 5.2 GW of solar modules and cells – including those installed in JA Solar’s own downstream projects – in 2016, which is above previous shipments guidance of 4.9 GW to 5 GW announced in Q3, and marks a return to early-year confidence when the firm expected shipments to reach at least 5.2 GW.
Revenue for the year is estimated to be in the range of RMB 15 to 16 billion ($2.2 billion). In the third quarter of 2016, JA Solar’s revenue rose sequentially by 1.2% to reach $624.3 million – a figure that was also 9% up year-over-year.
JA Solar will announce full 2016 financial results on March 16.