JA Solar loses $88.2m in Q4

China’s JA Solar reported a net loss of 549.6m yuan ($88.2m) in the fourth quarter of 2012, widening its full-year loss to 1.7bn yuan, but insists it will be one of the industry's long-term survivors.

JA shipped 1.7GW of PV kit last year – up just 0.4% on the year prior – as the Shanghai-based manufacturer prioritised cost reduction and stringent cash management.

Among other aspects of its cost-reduction campaign, JA retired 600MW of cell and module capacity in late 2012, leaving it with a capacity of 2.5GW for cells, 1.8GW for modules and 1GW for wafers – levels it intends to hold steady for the foreseeable future.

It was the second straight full-year deficit for JA, having lost 420.5m yuan in 2011 – following an explosive 2010 in which it raked in profits of Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?


Recharge Monthly Magazine