JA Solar posts $6.3 million net profit in Q3


The Chinese PV manufacturer shipped 1.64 MW of solar capacity, as quarterly external shipments jumped 30.6% year on year, according to its unaudited results for the three months to the end of September. About 20.5 MW of its PV modules were used in the company’s own downstream projects. Its total shipments for the period included 1.58 GW of solar panels, up 31.9% on the year. It also shipped 37.9 MW of PV cells, down 7.3% year on year.

Baofang Jin, chairman and CEO of JA Solar, said the results were within the company’s expectations. “We are seeing some uncertainties around the ongoing trade cases in the U.S. and India, which could impact global solar demand in the mid-term,” Jin said.

JA Solar shipped 2.14 GW of solar modules in the second quarter. However, its net profit for the three months to the end of June fell sharply to CNY 47.4 million, down roughly 83% year on year.

The company expects to ship between 1,600 MW to 1,800 MW of PV cells and solar panels in the fourth quarter of this year. The bulk of those shipments will be to external customers, it said.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Germany’s balcony PV installations hit 200 MW in H1
19 July 2024 Germany's Federal Network Agency (Bundesnetzagentur) says 220,000 balcony PV systems were installed in the country in the first half of the year, reac...