Guidance up, but no profit for JA

JA Solar boosted its shipments, revenues and margin, but failed to bounce back to profitability in the third quarter.

JA shipped 500MW of PV kit during the quarter – 305MW of it modules – beating its quarterly guidance, and upwardly revised its full-year guidance to 1.9GW-1.95GW.

Gross margin rose to 11.3%, compared to 8.1% last quarter.

Yet JA reported a quarterly net loss of 227m yuan ($37.1m), deeper than its 132m yuan loss last quarter. The loss comes at a time when several key rivals have returned to profitability.

Chief executive Baofang Jin nevertheless offered one of the most optimistic takes to date from a major Chinese producer on the industry’s dynamics, saying the supply-demand Log in to read complete article.

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