Quick understanding of JA Solar's 2023 annual report

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Quick understanding of JA Solar's 2023 annual report

Canada NewsWire

BEIJING, May 4, 2024 /CNW/ -- With a remarkable achievement of 81.556 billion yuan in operating revenue, marking an 11.74% increase from the previous year, and a net profit attributable to shareholders of 7.039 billion yuan, soaring by 27.21%, JA Solar hit historic highs in both revenue and profit.

Its financial prowess shines through with impressive indicators: EPS at 2.14 yuan per share, up by 25.15%, net profit margin at 8.82% (up by 1.23 percentage points), and gross margin at18.13% (up by 3.35 percentage points). With a weighted average ROA of 22.52%, its profitability remains industry-leading.

As of Q1 2024, JA Solar has achieved a cumulative shipment of 201GW, and its production capacities across silicon wafers, cells, and modules are set to surpass 100GW each in 2024. With a projected shipment target of 85-95GW, its scale manufacturing advantage will further solidify.

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Quick understanding of JA Solar's 2023 annual report

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/quick-understanding-of-ja-solars-2023-annual-report-302136140.html

SOURCE JA Solar Technology Co., Ltd.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/04/c4168.html

Copyright CNW Group 2024

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