JA Solar 'going nowhere' despite $102m Q4 loss

China’s JA Solar reported a net loss of 637.9m yuan ($102.4m) in the fourth quarter of 2012, widening its full-year loss to 1.7bn yuan, while insisting 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.

After an explosive 2010 in which it raked in profits of 1.98bn yuan, 2012 was the second straight full-year of Log in to read complete article.

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