1. China Stocks

  2. •

    Electronic technology

  3. •

    Semiconductors
JA Solar Technology Co., Ltd. Class A

JA Solar Technology Co., Ltd. Class A

SSZSE:002459
6.62
CNY
+0.15
(+2.32%)
26.81BMarket Cap
Oct 29Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.52
1.47
0.42
0.41
0.49
10.46
10.95
9.54
13.31
22.55
24.79
21.39
15.03
- -
Basic EPS, GAAP
-0.98
0.06
-0.42
0.03
0.03
0.38
0.65
0.56
0.66
1.71
2.14
-1.42
-1.41
- -
Free Cash Flow per Basic Share
0.43
-0.44
-0.15
-0.02
-0.07
0.57
0.93
-0.34
-0.54
0.13
-1.66
-2.59
-0.23
- -
Dividend per Share
0.15
0.06
0.01
- -
- -
0.31
1.04
0.18
0.21
0.15
0.21
0.69
0.21
0.15
Book Value per Share
1.15
1.99
1.59
1.62
1.65
7
3.04
4.69
5.26
8.35
10.59
8.43
6.75
5.97
Tangible Book Value per Share
0.88
1.92
1.53
1.56
1.6
6.12
2.75
4.39
4.93
7.93
9.91
7.78
6.12
5.27
Basic Weighted Avg Shares
436
430
760
788
724
1,879
1,932
2,709
3,102
3,236
3,289
3,279
3,268
3,272
Sales/Revenue/Turnover
664
630
322
323
357
19,649
21,155
25,847
41,302
72,989
81,556
70,121
49,129
- -
Operating Margin (%)
-23.75
-4.29
-26.57
-3.57
-2.06
8.97
10.88
9.91
8.91
9.76
12.54
-1.12
-8.64
- -
Depreciation Expense
52
47
33
25
32
1,168
1,422
1,707
2,207
2,548
3,645
6,108
5,878
- -
Net Income, GAAP
-429
26
-322
20
22
719
1,252
1,507
2,039
5,534
7,039
-4,656
-4,608
- -
Effective Tax Rate (%)
- -
8.64
- -
- -
- -
27.5
20.31
14.64
13.92
12.29
10.57
- -
- -
- -
Profit Margin (%)
-64.62
4.17
-99.87
6.23
6.21
3.66
5.92
5.83
4.94
7.58
8.63
-6.64
-9.38
- -
Working Capital
-103
1,075
774
818
827
-1,459
-261
2,679
-1,022
3,102
-1,134
4,963
9,399
5,996
LT Debt
50
43
1
- -
- -
2,483
2,488
1,594
2,018
2,504
10,990
24,693
28,352
23,840
Total Equity
517
1,514
1,215
1,236
1,260
5,603
8,295
14,840
16,718
30,194
38,004
28,529
22,454
20,665
Return on Invested Capital (%)
- -
-1.62
- -
1.5
- -
10.05
8.84
8.5
9.08
17.66
16.59
- -
- -
- -
Return on Capital (%)
- -
6.1
- -
1.65
- -
9.73
11.25
9.82
9.75
18.48
16.84
- -
- -
- -
Return on Common Equity (%)
-60.12
2.6
-23.55
1.64
1.78
21.83
18.8
13.31
13.09
25.14
22.47
-14.78
-18.34
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
14,812
21,109
23,829
LT Borrowings
26,399
23,027
21,897
LT Finance Leases
1,953
1,968
1,942
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,310
3,310
3,310
Market Capitalization
37,896
36,076
26,809

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
55,159
53,177
53,187
Cash, Cash Equivalents & STI
25,242
23,306
22,477
Accounts Receivable, Net
9,208
8,792
7,911
Inventories
10,058
11,399
13,952
Total Current Liabilities
45,760
47,088
47,191
Payables & Accruals
- -
- -
- -
ST Debt
14,812
21,109
23,829
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
54.84%
14.58%
-21.29%
Free Cash Flow
-364.41%
-298.19%
-90.99%
Net Income, GAAP
320.93%
13.36%
-1.02%
Sales/Revenue/Turnover
555.01%
20.86%
-29.94%
Total Cash Common Dividend
547,663.04%
40.81%
-69.79%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15,971
21,385
16,991
15,773
70,121
2025
10,672
13,232
- -
12,320
49,129
2026
9,216
8,282
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.15
-0.12
0.12
-1.27
-1.42
2025
-0.5
-0.29
- -
-0.32
-1.41
2026
-0.33
-0.48
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.56
0.09
- -
0.69
2025
0.05
0.05
- -
0.05
0.21
2026
0.05
0.05
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Bao Fang Jin
Full Time Employees
25,260
Sector
Electronic technology
Industry
Semiconductors
Address
No. 8 Building Beijing BE China 100160
IPO Date
Jul 27, 2010
Website
jasolar.com
Similar Companies
NVIDIA Corporation (NASDAQ:NVDA)
Micron Technology, Inc. (NASDAQ:MU)
Advanced Micro Devices, Inc. (NASDAQ:AMD)
Intel Corporation (NASDAQ:INTC)
Broadcom Inc. (NASDAQ:AVGO)
Marvell Technology, Inc. (NASDAQ:MRVL)
Business
JA Solar Technology Co., Ltd. (002459.SZ) manufactures high-performance photovoltaic products and provides comprehensive new energy solutions worldwide. The company produces standard monocrystalline silicon wafers, high-efficiency solar cells utilizing proprietary technologies such as Bycium+ and PERCIUM+, state-of-the-art PV modules including the DeepBlue 4.0 Pro series with up to 670W power output and 24.8% efficiency, energy storage systems featuring liquid-cooled utility-scale containers and all-in-one C&I/residential solutions, as well as photovoltaic new materials like single crystal furnaces, graphite, PV paste, EVA films, aluminum frames, junction boxes, and carbon-carbon composites; it also develops and operates PV power stations encompassing centralized, agrivoltaic, floating solar, wind-solar-storage hybrids, and source-grid-load-storage integrated projects. Founded in 2005 and headquartered in Beijing, China, with production bases and 16 sales subsidiaries spanning multiple global manufacturing sites, JA Solar serves residential, commercial & industrial, and utility-scale markets across 178 to 180 countries and regions in Asia, Europe, North America, Latin America, Africa, and Oceania, achieving cumulative module shipments of 317GW as of Q3 2025 and annual sales revenue of CNY 70.1 billion in 2024. Recent developments include strategic partnerships such as a November 2025 alliance with Cornex New Energy for global energy storage R&D, supply chain enhancement, and commercialization of DC-side systems, outdoor cabinets, and batteries; a 1.2GW module supply agreement with Larsen & Toubro for Uzbekistan's Samarkand 1 and 2 solar projects; 1.22GW overseas PV contracts including with Daebo Group in South Korea; a module supply deal with 5B in Australia; an MOU with NSEG for 150MW rooftop modules; and a preferred supplier role for Masdar's gigascale solar-plus-storage project in the UAE, alongside launches of DeepBlue 5.0 modules and advanced energy storage systems.