Connect with us

Hi, what are you looking for?


Clean Power

JA Solar Smashes Own Shipping Guidance In Strong Second Quarter

Shanghai-based solar cell manufacturer JA Solar has reported its second quarter earnings this week, revealing that it smashed its own second quarter shipping guidance by well over 50%. 

Shanghai-based solar cell manufacturer JA Solar has reported its second quarter earnings this week, revealing that it smashed its own second quarter shipping guidance by well over 50%.

JA Solar shipped an impressive 2,389.2 MW (megawatts) in the second quarter, made up of 2,147.5 MW of modules and 167.2 MW of cells to external customers, and 74.5 MW of modules to JA Solar’s own downstream projects. External shipments were up an impressive 88.3% over the same quarter a year earlier, and up 68.3% over the first quarter. Further, total shipments for the second quarter were well above the company’s own guidance of between 1,550 and 1,650 MW, due primarily to a stronger than expected set of orders from China.

Net revenue for the quarter was RMB 6.0 billion ($878.1 million), an impressive 44.7% year-over-year increase, and 61.2% over the first quarter. Earnings for shareholders was $0.42 per share, the same as a year earlier but well up on the $0.03 posted in the first quarter, testament to a very impressive second quarter.

“Second quarter results exceeded our expectations,” said Baofang Jin, Chairman and CEO of JA Solar. “Robust shipments in China, primarily attributable to accelerated activity ahead of subsidy reductions, drove our year-over-year double-digit revenue growth in the quarter. Additionally, better-than-expected average selling price and lower blended costs resulted in 120 basis-point sequential improvement in gross margin.”

Given the way the global solar market is behaving of late — increased shipments but cheaper prices — it is unsurprising that JA Solar’s phenomenal second quarter has only resulted in a minor increase to the company’s guidance for full year shipping. “We remain cautious on our business outlook as we enter the second half of 2017, given the slowdown in demand in our domestic market, coupled with the uncertainty around the Section 201 trade case in the US,” Mr Jin added.

Looking forward, then, JA Solar expects to ship cell and modules in the range of 1,600 to 1,700 MW, of which nearly all are expected to be external shipments. For the full year, the company is raising its shipments up from between 6 to 6.5 GW to be in the range of 6.5 to 7 GW.

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like

Clean Power

JA Solar announces plans to invest $60 million in a new Phoenix solar panel plant that will create more than 600 new jobs.

Clean Power

Chinese solar PV manufacturing giant Jinko Solar announced its first quarter 2019 financial results last week, which revealed the company's first-quarter shipments jumped 50.7%,...

Clean Power

Trina Solar is now testing a half-frame solar panel for use with solar trackers with hopes to lower the cost per watt for solar...

Clean Power

Canadian Solar, one of the world's largest solar manufacturers, published its first quarter earnings results last week, revealing a narrower-than-expected net loss and increased...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.