JA Solar Technology: Forecasts Net Loss of 4.5-5.2 Billion Yuan in 2024 Amid Declining Main Business Profitability
2025-01-23 / Read about 0 minute
Author:小编   

JA Solar Technology has issued its 2024 performance forecast, anticipating a net loss ranging from 4.5 to 5.2 billion yuan for the year. This projection stands in stark contrast to the 7.039 billion yuan net profit attributable to shareholders recorded in the corresponding period last year. Despite a notable year-over-year increase in battery module shipments during the reporting period, the company's main business profitability has continued to decline due to a confluence of factors. These include imbalances in the photovoltaic industry's supply and demand, heightened market competition, falling product prices, and a challenging international trade environment. Furthermore, the company has conducted assessments on long-term assets susceptible to impairment and will make provisions for asset impairment, a move that is expected to significantly impact its financial performance.