Ja Solar Holdings, Co., Ltd. - (NASDAQ:JASO)

BEIJING, Dec. 19, 2018 /PRNewswire/ -- JA Solar Holdings Co., Ltd., a world-leading manufacturer of high-performance photovoltaic products, announced that it will supply all bifacial mono PERC double glass modules for SolarGrid's 3MW solar power plant in Brazil. This is the country's first bifacial double glass solar project. Additionally, this project represents the entry of the company's bifacial PERC double glass modules into the Brazilian market, which, with the product's higher power output and better mechanical loading tolerance, is important in the development of green energy in the country.

Located in Minas Gerais, the project is developed and constructed by SolarGrid Energia, a recognized new energy developer in Brazil. With abundant sunshine, Brazil is well positioned to build photovoltaic power plants. However, the semi-arid climate and high-temperature environment in the summer result in stringent requirements for PV module performance. JA Solar is the holder of the core intellectual property rights and patents associated with its PERC technology. With that, JA Solar's solar products have excellent quality and superior performance in power generation. The modules used in this solar project incorporate high-efficiency bifacial PERC solar cells with a solid double glass structure to ensure stable power output and electricity generation in the region of such extreme climate.

Additionally, the JA Solar bifacial PERC double glass modules used in this solar project are equipped with parallel single-axis trackers, which can highlight the advantages of electricity generation of the bifacial modules and substantially increase power output of the system. The solar plant is expected to generate 7.1 million KWh of electricity per year and reduce carbon dioxide emissions by 5,284 tons per year. Operating under the same environmental conditions, the JA bifacial mono PERC double-glass modules can generate electricity 9.5% higher compared to mono PERC single-sided modules.

Mr. Baofang JIN, Chairman and CEO of JA Solar, said, "We believe the cooperation with SolarGrid and the supply of our high-performance mono PERC bifacial modules for the solar plant is a significant development of future PV projects in Brazil. Besides, the deployment of our high-efficiency solar products can serve as a strong reference for project development in Brazil and other Latin American countries. JA Solar will continue to focus on the development of high-efficiency PV products and contribute to the development of new energy globally."

BEIJING, Aug. 3, 2018 /PRNewswire/ -- JA Solar Holdings Co., Ltd. ("JA Solar"), a world-leading manufacturer of high-performance solar power products, announced that it is supplying 404MW of its high-efficiency PV modules to the solar power station located in Puerto Libertad, Mexico.

The project is developed by global energy giant ACCIONA Energy in a joint venture with Tuto Energy, which is one of the largest utility-scale solar plants in the region. The power generation of the project is expected to reach 963GWh per year and carbon dioxide emission in local area is expected to be reduced by 925,443 metric tons, through which the utilization of renewable energy in the region can be promoted.

Located in the Sonoran Desert in Mexico, the project is under the extreme environmental conditions of high temperature, ultraviolet radiation and sandstorms. As a result, there is a stringent requirement for the high reliability of solar modules deployed in the region. JA Solar's products have passed various endurance and environmental tests, including drought and sand tests, dry heat and damp heat tests, and are able to perform well in those extreme conditions, providing a strong guarantee for increasing power generation.

The excellent performance of its solar products has also enabled JA Solar to establish close cooperation with the well-recognized Mexican energy company, IEnova, a subsidiary of Sempra Energy, and provide 200MW of solar modules for the company's project in the Sonoran Desert.

Mr. Cao Bo, Vice President of JA Solar, commented, "We are optimistic about the industry outlook and solar energy development in Mexico. In 2017, we established a Mexican subsidiary to expand our presence and support our customers and partners in the region. JA Solar will continue to focus on expanding its share of the market in the region, and providing customers with more reliable PV modules and higher-quality services."

BEIJING, July 17, 2018 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar" or the "Company"), one of the world’s largest manufacturers of high-performance solar power products, today announced the completion of its merger (the "merger") with JASO Acquisition Limited ("Merger Sub"), a wholly-owned subsidiary of JASO Parent Limited ("Parent"), a wholly-owned subsidiary of JASO Holdings Limited ("Holdco"), pursuant to the agreement and plan of merger (the "merger agreement") dated November 17, 2017 by and among Holdco, Parent, Merger Sub and the Company. As a result of the merger, the Company ceased to be a publicly traded company and became a wholly-owned subsidiary of Parent.

Under the terms of the merger agreement, each of the Company's ordinary shares (each a "Share" and collectively, the "Shares") issued and outstanding immediately prior to the effective time of the merger, has been cancelled in exchange for the right to receive $1.51 in cash per Share without interest, and each of the Company's American depositary shares, each representing 5 Shares (each an "ADS" and collectively, the "ADSs") issued and outstanding immediately prior to the effective time of the merger, has been cancelled in exchange for the right to receive US$7.55 in cash per ADS without interest, other than (a) certain Shares (including Shares represented by ADSs) owned by Jinglong Group Co., Ltd. (“Jinglong”), Chin Tien HUANG, Chi Fung WONG and Pak Wai WONG, which will be rolled over in the transaction, cancelled and cease to exist without any conversion thereof or consideration paid therefor, and (b) Shares held by shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the merger pursuant to Section 238 of the Companies Law of the Cayman Islands (the “Dissenting Shares”, the corresponding shareholders, "Dissenting Shareholders"), which will be cancelled and cease to exist in exchange for the right to receive the payment of fair value of the Dissenting Shares in accordance with Section 238 of the Companies Law of the Cayman Islands. However, if a Dissenting Shareholder does not serve such notice of dissent, such Dissenting Shareholder is entitled to receive the Per Share Merger Consideration.

Each registered shareholder as of the effective time of the merger who is entitled to the merger consideration will receive a letter of transmittal and instructions from the paying agent on how to surrender their share certificates (or affidavits and indemnities of loss in lieu of the share certificates) or non-certificated shares represented by book entry in exchange for the merger consideration. Registered shareholders should wait to receive the letters of transmittal before surrendering their share certificates. Each Dissenting Shareholders as of the effective time of the merger will receive a letter of transmittal and instruction at relevant time promptly after such shareholder has effectively withdrawn or lost his, her, or its appraisal rights under the Companies Law of the Cayman Islands. Each registered shareholder will receive in exchange of the shares or ADSs surrendered a check in an amount equal to the merger consideration to which such holder is entitled. Merger consideration is not payable to untraceable shareholders unless such shareholders properly notify the paying agent or the depositary of their current contact details prior to the effective time.

The Company also announced today that it has requested that trading of its ADSs on The Nasdaq Stock Market (the "NASDAQ") be suspended as of July 17, 2018 (New York time). The Company requested NASDAQ to file a notification on Form 25 with the Securities and Exchange Commission (the "SEC") to delist the Company's ADSs on the NASDAQ and deregister the Company's registered securities. The deregistration will become effective in 90 days after the filing of Form 25 or such shorter period as may be determined by the SEC. The Company intends to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by filing a Form 15 with the SEC. The Company's obligations to file with the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will terminate once the deregistration becomes effective.

Fourth Quarter 2017 Financial Results

• Net revenue was RMB 5.7 billion ($871.8 million), an increase of 42.1% y/y and 30.6% sequentially
• Earnings per diluted ADS were RMB 2.46 or $0.38, compared to RMB 6.80 or $1.05 in the fourth quarter of 2016, and RMB 0.89 or $0.14 in the third quarter of 2017.

Mr. Baofang Jin, Chairman and CEO of JA Solar, commented, “Overall 2017 results were largely in-line with our expectations. While net revenue grew 25% year-over-year, gross margin was negatively impacted by lower ASPs and rising material costs. Additionally, higher operating expenses led to a decline in operating profits and net income in 2017 when compared to 2016.”

Mr. Jin continued, “Despite the negative impact of the Section 201 trade case, we continue to invest in R&D to develop high-performance products to strengthen our competitive position. We are confident that our technologies, high-reliability products and balanced global footprint will continue to position JA Solar for a solid future.”

BEIJING, March 27, 2018 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today issued a strong statement in rebuttal to meritless assertions made by SolarWorld in hearings conducted last year and reported in the USTR findings released March 22, 2018.

JA Solar has not benefited from "economic espionage and theft" to develop its PERC technology as asserted by the statements attributed to SolarWorld in the USTR report.  Dr. Wei Shan, CTO of JA Solar says: "These allegations on JA Solar are baseless, purely speculation or imagination, erroneous and mistaken if not knowingly false. JA Solar has engaged in hard work and independent research and development of our PERC cell technology, beginning as early as 2009.  We view these statements of SolarWorld as meritless and unsupported and firmly believe that such statements will not withstand any level of scrutiny.  The substantial investments in the research and development of our technology are solely responsible for our successes."

Dr. Peter Niu, President of JA Solar, commented, "As the world's leading solar module manufacturer, we remain focused on technology innovation and product quality to meet our global customer needs and make contributions in solving the global energy problems."

BEIJING, March 27, 2018 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that Herman Zhao has resigned as Chief Financial Officer effective March 27, 2018 to pursue other interests.

Mr. Baofang Jin, Chairman and CEO of JA Solar, commented, "We thank Herman for his many years of service to JA Solar.  We respect his decision and wish him the very best in his future endeavors."

The Company noted that there are no issues involving the Company’s financial statements, internal controls or financial reporting procedures that led to Mr. Zhao’s departure.

BEIJING, March 20, 2018 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (JASO), one of the world's largest manufacturers of high-performance solar power products, today announced that JA Solar has supplied 3MW of PV modules to Yarmouk University for Jordan's largest rooftop solar project to date.

Designed for Yarmouk University, one of the top institutions of higher education, the 3MW solar power system consists of a total of 9,232 solar panels, which are distributed on the rooftops of 29 buildings throughout the campus. In addition, the system represents power generation capacity of 4.68 million kWh per year, meeting the daily electricity demand of teachers and students, and can also reduce carbon emissions by 290 metric tons annually. Kawar Energy, one of the largest renewable energy solutions providers in Jordan, has developed, designed and constructed this rooftop project with an exceptional quality and speed, which ensures the successful completion of the project.

Jordan is located in a region under extreme environmental conditions of high temperature, ultraviolet radiation and sandstorms. As a result, there is a stringent requirement for the high reliability of solar modules deployed in the region. JA Solar's high-quality solar modules are able to perform well in each of those environmental conditions and offer a strong guarantee of power generation. In 2017, the total shipment of JA Solar's solar modules to Jordan reached 130.2MW, which represented nearly 50% of the market. JA Solar has been a top module supplier in the Jordanian market.

Mr. Cao Bo, Vice President of JA Solar, commented, "As the world's leading solar module manufacturer, we remain focused on technology innovation and product quality to meet our global customer needs and make contributions in solving the global energy problems."

BEIJING, Feb. 12, 2018 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar"), one of the world's largest solar product manufacturers, today announced the shipment of modules to the Ashalim 250MW solar project, which is the largest utility-scale project using JA's Mono PERC modules in Israel.

The project is being developed by the large electric utility company Electricite De France S.A. ("EDF") and a leading Israeli renewable energy company, Clal Sun Ltd.  BELECTRIC, which is one of the world's largest installers of solar power plants and providers of EPC and O&M services, is building the project. Upon completion, the power station, which will reduce contamination levels and promote local renewable energy development profoundly, will be the largest of its kind in Israel and the 5th largest in the world .

Located in the Negev Desert, the plant is part of a 250 MW pipeline of solar assets that combine solar thermal energy and photovoltaic energy. The 35MW PV plant was connected in December 2017. JA Solar is the sole PV module supplier, providing high-quality modules using its PERC technology. JA Solar holds the core patent for PERC technology, in which modules demonstrate a lower light-induced degradation rate and perform well under desert conditions of high temperature differences and intense ultraviolet rays. With higher reliability and efficiency, JA Solar's PERC modules offer a strong guarantee of power generation.

Mr. Cao Bo, Vice President of JA Solar, commented: "We are pleased to partner with global giants such as EDF, Clal Sun and BELECTRIC to develop the solar market in Israel. JA Solar has the largest market share in Israel. We believe this cooperation demonstrates our value proposition and track record of technical innovation with high-performance solar modules. We sincerely look forward to working with these industry giants to collaborate on new business opportunities globally and serving our global partners and customers by providing the highest-quality solar products and services."

BEIJING, Feb. 2, 2018 /PRNewswire/ -- On January 25, 2018，JA Solar Holdings Co., Ltd. (JASO) ("JA Solar"), one of the world's largest solar products manufacturers, announced that it has formed a partnership with Manitu Solar, a leading PV distributor in Hungary to expand its reach to the Eastern European markets. Under the terms of the partnership agreement, Manitu Solar will distribute JA Solar's solar modules.

Founded in 2010, Manitu Solar is dedicated to delivering Tier-1 solar products and has solid experience in developing ground-mounted and rooftop projects.  Additionally, Manitu Solar has developed an extensive distribution network with over 300 local downstream enterprises. As a founding member of MANAP (Hungarian Photovoltaic Industry Association) and key member of Polska PV, Manitu Solar is one of the most prominent solar companies in the Eastern European markets.

Mr. Norbert Nagy, CEO of Manitu Solar commented, "Manitu Solar works exclusively with global Tier-1 suppliers to provide the highest quality products and service to our customers. JA Solar has been well-recognized for its high conversion efficiency, high output and high reliability solar modules. Its business philosophy is highly compatible with ours. We believe that our cooperation will accelerate the deployment of green energy in Hungary and other Eastern European countries. "

Mr. Cao Bo, vice president of JA Solar, said, "JA Solar accounts for approximately 10% of the solar market globally. We have over 20 regional offices and facilities across the globe, providing solar products to more than 100 countries. We look forward to establishing long-term partnership with distributors with similar vision to further promote the development of green energy globally."

BEIJING, Feb. 01, 2018 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) (“JA Solar” or the “Company”), one of the world’s largest manufacturers of high-performance solar power products, today announced that it has called an extraordinary general meeting of shareholders (the “EGM”), to be held at 10:00 a.m. Beijing Time on March 12, 2018, at Room 816, Building No. 8, Noble Center, Automobile Museum East Road, Fengtai, Beijing 100070, People's Republic of China, to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the “Merger Agreement”) dated November 17, 2017 by and among JASO Holdings Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Holdco”), JASO Parent Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands, and a wholly owned subsidiary of Holdco (“Parent”), JASO Acquisition Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of Parent (“Merger Sub”) and the Company, the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands in connection with the Merger (as defined below), substantially in the form attached as Exhibit A to the Merger Agreement (the “Plan of Merger”) and the transactions contemplated thereby (including the Merger).

Pursuant to the Merger Agreement and the Plan of Merger, Merger Sub will merge with and into the Company (the “Merger”), with the Company continuing as the surviving company and a wholly owned subsidiary of Parent in accordance with Cayman Islands Companies Law. If completed, the Merger will result in the Company becoming a privately held company, the Company’s American depositary shares (each representing five ordinary shares of the Company, “ADSs”) will no longer be listed on the NASDAQ Stock Market LLC, and the ADS program for the Company’s ADSs will terminate. In addition, the Company’s ADSs and ordinary shares represented by the ADSs will cease to be registered under Section 12 of the Securities Exchange Act of 1934 following the consummation of the Merger.

The Company’s board of directors, acting upon the unanimous recommendation of the special committee of the board of directors of the Company comprised solely of independent, non-management directors unaffiliated with Holdco, Parent or Merger Sub, or any other member of the buyer group, authorized and approved the Merger Agreement, the Plan of Merger and the transactions contemplated thereby (including the Merger) and recommended that the Company’s shareholders and ADS holders vote FOR, among other things, the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby (including the Merger).

Shareholders of record as of the close of business in the Cayman Islands on February 23, 2018 will be entitled to attend and vote at the EGM. ADS holders as of the close of business in New York City on January 26, 2018 will be entitled to instruct The Bank of New York Mellon, the ADS depositary, to vote the ordinary shares represented by the ADSs at the EGM.

Additional information regarding the EGM and the Merger Agreement can be found in the transaction statement on Schedule 13E-3 and the proxy statement attached as Exhibit (a)-(1) thereto, as amended, filed with the Securities and Exchange Commission (the “SEC”), which can be obtained, along with other filings containing information about the Company, the proposed Merger and related matters, without charge, from the SEC’s website (http://www.sec.gov). In addition, the Company’s proxy materials (including the definitive proxy statement) will be mailed to shareholders and ADS holders.

BEIJING, Feb. 01, 2018 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar" or "JA"), one of the world's largest manufacturers of high-performance solar power products, today announced preliminary unaudited shipment results for 2017.  Total module and cell shipments, including shipments to the Company’s own downstream projects, are estimated in the range of 7.5 to 7.8 GW.  The Company had anticipated shipments of 7.0 to 7.2 GW for the full year.

These preliminary results are subject to finalization of the Company's financial closing procedures. The Company's actual results may differ from its current estimates.

BEIJING, June 15, 2017 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar"), one of the world's largest solar products manufacturers, today announced that it supplied modules for the world's largest floating solar power plant.

The 40 MW floating PV solar system is installed in a former flooded coal mining region in Huainan City, Anhui province, China. The solar project was connected in May 2017, and has the capacity to provide most of the light and air conditioning to a nearby city.The mono double-glass modules used in the project were all manufactured by JA Solar.

JA Solar's modules are ideal for this type of project. The modules have passed long-term reliability and environmental endurance tests. The excellent anti-PID performance and resistance against corrosion guarantee performance despite the humidity inherent in a floating array. Moreover, the 12-year warranty on materials and workmanship and the 30-year linear power warranty for the double-glass modules ensure that customers will enjoy a steady financial return.

Floating PV is an exciting new emerging market, with the potential for rapid growth. Demand is expanding for floating PV, especially on islands, because the cost of water surface is generally lower than the cost of land. In addition, the evaporative cooling effect of water helps to reduce module temperature, which promotes module efficiency and prevents degradation.

JA Solar Chairman and CEO Mr. Baofang Jin commented: "We are excited by the opportunity to contribute to such a prominent project. JA will continue its efforts to develop, innovative and improve product technology, which will enable us to participate in similar pioneering solar projects."

BEIJING, June 13, 2017 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it established a presence in Brazil with the launch of its subsidiary JA Solar Brazil Ltda ("JA Solar Brazil").

JA Solar has operated in Brazil since 2015 and seen significant growth in the Distributed Generation (DG) market, which requires local support for customers' planning, logistics and international trade operations. With the establishment of JA Solar Brazil, the Company can provide customers with timely logistics support and customized services, further capturing incremental business opportunities in the region. In addition, the Brazil office will focus on consolidating partnerships with local and international energy companies, including Engie, Multi Aquecimento, Faro Energy and Enel. The new office will provide support for marketing activities, promote JA Solar's latest technologies, and develop and manage sales activities in the region. The JA Solar Brazil office is expected to start operating in early July.

The Latin American market is an emerging market with strong growth potential in the coming years, and JA Solar is actively working to expand its presence in the region. In March 2017, the Company established its subsidiary JA Solar Mexico SA de CV ("JA Solar Mexico"), starting its geographic expansion into Latin America. Since then, the Company has worked on a number of utility-scale projects and collaborated with local distributors in Mexico.

Mr. Baofang Jin, Chairman and CEO of JA Solar, commented, "The launch of JA Solar Brazil will enhance our ability to serve our customers, strengthen our strategic partnerships in the region, and further increase brand awareness in Brazil as well as in the Latin American market. Our high-performance solar modules are well-recognized in the industry. We look forward to leveraging our strong reputation to introduce more high-quality products to our Latin American customers, which will help them to optimize their return on investment."

BEIJING, June 06, 2017 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) (“JA Solar” or “JA”), one of the world’s largest manufacturers of high-performance solar power products, today announced that its board of directors (the “Board”) has received a revised non-binding proposal letter, dated June 6, 2017, from Mr. Baofang Jin, chairman and chief executive officer of the Company, and Jinglong Group Co., Ltd., a British Virgin Islands company of which Mr. Baofang Jin is the sole director (together, the “Buyer Group”) to acquire all of the outstanding ordinary shares of the Company not owned by them or their affiliates for US$6.80 in cash per American depositary share ("ADS", each representing five ordinary shares), or US$1.36 per ordinary share.  A copy of the proposal letter is attached hereto as Exhibit A.

The special committee of the Board (the “Special Committee”), formed to consider the original proposal by the Buyer Group, intends to evaluate this revised proposal with the assistance of its financial and legal advisors. The Special Committee cautions the Company’s shareholders and others considering trading in the Company’s securities that no decision has been made by the Special Committee or the Board with respect to the revised proposal. There can be no assurance that any definitive offer will be made, any agreement will be executed or that this or any other transaction will be approved or consummated.

First Quarter 2017 Financial Results

• Net revenue was RMB 3.7 billion ($536.4 million), an increase of 6.4% y/y and a decrease of 7.5% sequentially
• Earnings per diluted ADS were RMB 0.17 or $0.03, compared to RMB 2.74 or $0.40 in the first quarter of 2016, and RMB 6.80 or $0.99 in the fourth quarter of 2016.

Mr. Baofang Jin, Chairman and CEO of JA Solar, commented, “Our operating results were in line with our expectations. We delivered high-single-digit year over year revenue growth on robust external shipments, driven by strength in the Asia Pacific markets. We expect solid demand from China in the second quarter, driven by accelerated activity ahead of subsidy reductions. Despite this near-term strength, we are cautious on the business outlook for the second half of 2017, given limited visibility into customer demand, as well as the competitive pricing environment across multiple geographies.”

Mr. Jin continued, “We remain committed to streamlining our operations in order to optimize efficiencies, and are focused on executing our business strategy to provide our customers with high-quality products. We continue to believe that our geographic exposure, prudent cost control and flexible business model will enable us to navigate through industry cycles. As market conditions improve, we will be positioned for sustainable long-term growth.”

All shipment and financial figures refer to the quarter ended March 31, 2017, unless otherwise specified. All “year over year” or “y/y” comparisons are against the quarter ended March 31, 2016. All “sequential” comparisons are against the quarter ended December 31, 2016.

Total shipments were 1,392.7 MW, in line with our previously announced guidance. External shipments of 1,375.3 MW increased 32.5% year over year and decreased 2.6% sequentially.

Fourth Quarter 2016 Financial Results

• Net revenue was RMB 4.0 billion ($574.8 million), a decrease of 13.1% y/y and 4.1% sequentially.
• Earnings per diluted ADS were RMB 6.80 or $0.98, compared to RMB 3.39 or $0.49 in the fourth quarter of 2015, and RMB 0.86 or $0.12 in the third quarter of 2016

Mr. Baofang Jin, Chairman and CEO of JA Solar, commented, “While the overall market environment remained challenging, we delivered solid Q4 operating results, topping off a strong 2016 for us.  We achieved our 2016 financial and operating goals with revenue and external shipments growing 16% and 25%, respectively.  In the fourth quarter, demand across Asia, especially China, exceeded our expectations with the overall APAC region representing over 83% of total shipments."

Mr. Jin continued, “Growth remains a key focus for our team and we are optimistic about our prospects in 2017 and beyond, despite increasing competition in the solar industry.  We are committed to investing in research and development, and differentiating our product portfolio with high-power, high-efficiency solar products.  We still have some opportunity to improve our cost structure and manufacturing performance through efficiency initiatives, and believe our operations are positioned to benefit as market conditions improve around the world.  Looking ahead, we expect demand in the domestic Chinese market to remain solid in the first half of 2017, followed by a potential slowdown in the second half.  Nonetheless, we are confident that our balanced global footprint and flexible business model will enable us to adjust to evolving market conditions.”

Business Outlook

For the first quarter of 2017, the Company expects total cell and module shipments to be in the range of 1,200 to 1,300 MW, essentially all being external shipments.

Full year 2017 shipments are expected to be in the range of 6.0 to 6.5 GW, including 200 to 250 MW of module shipments to the Company’s downstream projects.  Revenues will not be recognized for the modules shipped to the Company’s downstream projects as required by US GAAP.

BEIJING, Feb. 23, 2017 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced preliminary estimates of 2016 financial results. Revenue for the year is estimated to be within the range of RMB 15 to 16 billion.  Total module and cell shipments, including shipments to the Company’s own downstream projects, are estimated in the range of 5.1 to 5.2 GW.  The Company had previously given shipment guidance of 4.9 to 5.0 GW for the full year.

The Company expects to announce final results on March 16, 2017.

BEIJING, Feb. 6, 2017 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar"), one of the world's largest manufacturers of high-performance solar power products, today announced that China Export & Credit Insurance Corporation ("SINOSURE") provided export buyer's credit insurance to export around 300 MW JA Solar modules for a PV project developed by the multinational energy company ENEL S.p.A. ("ENEL") in Brazil. The total amount insured was US $145 million.

Bank of China and Banco Santander financed the purchase of the solar modules, while ENEL provided a loan guarantee and SINOSURE offered export buyer's credit insurance.

Mr. Jian Xie, President of JA Solar, commented, "This transaction demonstrates that the financial community recognizes the quality and reliability of JA modules, and that they feel confident in committing large amounts of capital to JA-powered projects. This transaction represents an important milestone for solar project development in emerging economies, because it is a model for financing structures that can reduce the cost of capital and accelerate the pace of development. We look forward to seeing this financing model support further solar deployment in Brazil and other emerging markets."

Third Quarter 2016 Financial Results

• Net revenue was RMB 4.2 billion ($624.3 million), an increase of +9.0% y/y and +1.2% sequentially.
• Non-GAAP earnings[1] per diluted ADS were RMB 0.86 or $0.13, compared to RMB 4.35 or $0.65 in the third quarter of 2015, and RMB 2.04 or $0.31 in the second quarter of 2016.

Mr. Baofang Jin, Chairman and CEO of JA Solar, commented, “Third quarter results were in-line with our expectations with external shipments and revenue growing 10% and 9% year-over-year, respectively. We executed our strategy to redirect solar product sales to several stronger international markets, as shipments to the domestic market of China declined significantly after demand was pulled forward into Q2. Furthermore, our downstream strategy remains intact. We have approximately 50 MW of downstream projects under construction and intend to develop another 150 to 200 MW in the coming year.”

Mr. Jin continued, “While we anticipate more market headwinds in the near-term, we are confident that our favorable geographic exposure, prudent cost control and flexible business model will enable us to succeed. As market conditions improve, we will be positioned for strong long-term growth.”

Business Outlook

For the fourth quarter of 2016, the Company expects total cell and module shipments to be in the range of 1,200 to 1,300 MW, with essentially all being external shipments. Accordingly, full year 2016 shipments are expected to range from 4.9 GW to 5.0 GW, below the Company’s previous guidance of 5.2 GW to 5.5 GW.

Second Quarter 2016 Financial Results

• Net revenue was RMB 4.1 billion ($619.0 million), an increase of +51.9% y/y and an increase of +18.6% sequentially
• Non-GAAP earnings1 per diluted ADS were RMB 2.04 ($0.31), compared to RMB 1.67 ($0.25) in the second quarter of 2015, and RMB 2.33 ($0.35) in the first quarter of 2016

Mr. Baofang Jin, Chairman and CEO of JA Solar, commented, “Second quarter results were in line with our expectations, with shipments and revenue growing over 50% year-over-year.  We are also encouraged by our downstream project development achievements as we successfully connected approximately 250 MW of solar projects to the grid in the quarter.  As expected, China was our strongest market in the quarter, driven by accelerated activity ahead of subsidy reductions that occurred this summer."

Mr. Jin continued, “While regulatory change should slow the domestic Chinese market in the second half of the year, we believe our balanced global footprint and flexible business model will allow us to adjust to evolving market conditions.  We are carefully controlling capital expenditures and staffing, and selling effort is focused on more robust markets outside of China.  Our project business provides flexibility in our business model, since we can accelerate or slow down activity in order to balance demand for our modules.  The JA team remains focused on executing our business strategy to provide our customers with high-quality products in 2016 and beyond.”

BEIJING, July 25, 2016 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar"), one of the world's largest manufacturers of high-performance solar power products, today announced that as of middle of July this year, the company's shipments of monocrystalline PV products over the last ten years had totaled 7GW.

The strong shipment performance is the result of JA Solar's unremitting commitment to the development of higher-efficiency solar products. JA Solar was founded in 2005, and started production in March 2006. The company focuses on the research and development of monocrystalline cell products, and has accumulated rich experience in the area. Since 2010, JA Solar has been one of the world's leading solar cell producers and the largest P-type monocrystalline cell manufacturer. The world-class cell technologies enable JA Solar to manufacture PV modules with high conversion efficiency, high power output and high reliability. After transforming its main business from cells to modules, JA Solar's shipments of monocrystalline modules reached 500MW in 2013, making the company the world's largest P-type monocrystalline module provider. In 2014, the company shipped more than 1GW of monocrystalline modules, and the figure for 2016 is expected to near 2GW.

Percium, launched in October 2013 as a flagship product, is a high-efficiency monocrystalline module developed by JA Solar. Percium modules incorporate cells using Passivated Emitter and Rear Cell ("PERC") technology and JA's PERC cells have delivered continuous improvement in conversion efficiency over the past three years. In June 2014, volume production began for Percium high-efficiency cells, making JA Solar the industry leader in furnishing an average conversion efficiency of over 20% for a mass-produced P-type cell. Percium family products now have average conversion efficiencies of up to 21%; the average power output of 60-cell modules exceeds 295W, and that of 72-cell modules exceeds 345W. Percium modules feature better low-light performance, a lower temperature coefficient, lower light attenuation, and better PID resistance. For comparison, they generate 2% more electricity per rated "watt" than conventional monocrystalline modules.

In 2015, China launched an initiative, the "Front Runner" project, with the aim of bringing about a transformation of the PV industry and driving the industry to develop higher efficiency and lower cost per watt products. This undoubtedly provides a significant growth opportunity for JA Solar. As one of the few manufacturers in China that have the capacity to mass-produce high-efficiency monocrystalline PV modules, JA Solar provided 422MV modules for the national advanced PV technology demonstration project in Datong, Shanxi province, including 303MW monocrystalline modules. The first phase of the project has a total installed capacity of 1GW, for which JA Solar is providing 42% of modules needed, with monocrystalline modules accounting for more than 30% of the project's total. In addition, JA Solar produces five types of PV modules that meet or exceed China's "Front Runner" standards.

"JA Solar is one of the monocrystalline PV products manufacturers with the longest history, and is also the largest P-type monocrystalline modules provider in the world," said Mr. Jian Xie, President of JA Solar. "Reaching the shipments of 7GW monocrystalline modules demonstrates consumers' confidence in the quality of such products and the popularity of our high-efficiency products on the market. As the trend of monocrystalline module recovers in China, we intend to further bolster our track record of innovations in technology, with the goals of better conversion efficiency and improved manufacturing processes. JA Solar is proud to play a key role in the transformation and improvement of China's PV and manufacturing sectors."

BEIJING, June 1, 2016 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (JASO) ("JA Solar"), one of the world's largest manufacturers of high-performance solar power products, today announced that it will provide 420MW of high-efficiency PV modules for the first phase of the "Front Runner" demonstration PV project in Datong, Shanxi province, including 150MW of its high-efficiency monocrystalline Percium modules.

Launched in October 2013, Percium is a high-efficiency monocrystalline module developed by JA Solar. Percium modules incorporate cells using Passivated Emitter and Rear Cell ("PERC") technology. JA's PERC cells have delivered continuous improvement in conversion efficiency over the last three years. In June 2014, volume production began for Percium high-efficiency cells, making JA Solar the industry leader in furnishing a conversion efficiency of over 20% for a mass-produced P-type cell. Percium family products now have conversion efficiencies of up to 21%; the power output of 60-cell modules exceeds 295W, and that of 72-cell modules exceeds 345W. Percium modules feature better low-light performance, a lower temperature coefficient, lower light attenuation, and better PID resistance. For comparison, they generate 2% more electricity per rated "watt" than conventional monocrystalline modules.

JA Solar, a leader in the PV industry in terms of core technologies and quality, is renowned worldwide for products with high reliability, high power output and high conversion efficiency. Including monocrystalline Percium modules, JA Solar produces a total of five PV modules that meet or exceed China's "Front Runner" standard, including high-efficiency polycrystalline Riecium modules, conventional monocrystalline Cypress modules, conventional polycrystalline Cypress modules, and double-glass modules.

"JA Solar's modules are not only taking an ever larger share of the market in China, but are also becoming increasingly popular in other countries," said Mr. Jian Xie, President of JA Solar. "Our modules are in short supply, so high-efficiency products are increasingly favored by our customers. We intend to continue our track record of technical innovation, with the goals of better conversion efficiency and improved manufacturing processes. JA Solar is proud to play a key role in the transformation and improvement of China's PV and manufacturing sectors."

First Quarter 2016 Financial Results

• Net revenue was RMB 3.5 billion ($538.1 million), an increase of +44.4% y/y and decrease of 24.5% sequentially
• Earnings per diluted ADS were RMB 2.74 ($0.43), compared to RMB 0.59 ($0.09) in the first quarter of 2015, and RMB 3.39 ($0.53) in the fourth quarter of 2015.

Mr. Baofang Jin, Chairman and CEO of JA Solar, commented, “We are satisfied with our performance this quarter.  We experienced the normal seasonal decline from the fourth quarter to first quarter, as expected, yet our results showed meaningful year over year growth.  Revenue was up nearly 45% and non-GAAP EPS increased more than twofold.  We saw the most strength in our domestic market, a natural consequence of the accelerated pace of activity we expected in the first half of the year.  Notably, we expect to connect around 250 MW of projects before June 30, supporting our momentum in our downstream project development business.  Although regulatory change will slow the China market in the second half, our balanced market footprint gives us plenty of sales opportunities around the world.”

Jin continued, “Our success in key markets is due to our high standards for product quality and our leading technology.  Recent evidence of our leadership is our dominant ‘market share’ in the National Energy Administration’s ‘Front Runner’ Program.  We are supplying 420 MW of highly advanced modules, including 150 MW of PERC modules, to the program Phase I totaling 950 MW in Datong, Shanxi province. Furthermore, we expect to increase our PERC capacity to 1.4 GW by the end of 2016. JA Solar is proud to play a key role in the transformation and improvement of China's PV and manufacturing sectors.”

All shipment and financial figures refer to the quarter ended March 31, 2016, unless otherwise specified.  All “year over year” or “y/y” comparisons are against the quarter ended March 31, 2015.  All “sequential” comparisons are against the quarter ended December 31, 2015.

Total shipments were 1,128.3 MW, exceeding the high end of the previously announced guidance range of 1,000 to 1,100 MW.  External shipments of 1,038.3 MW increased 52.4% year over year and decreased 22.4% sequentially.

Business Outlook

For the second quarter of 2016, the Company expects total cell and module shipments to be in the range of 1,400 to 1,500 MW, including approximately 100 MW of module shipments to the Company’s downstream projects.  For the full year, the Company reiterates its prior shipment guidance of 5.2 to 5.5 GW, including 250 to 300 MW of module shipments to the Company’s downstream projects. Revenues will not be recognized for the modules shipped to the Company’s downstream projects as required by U.S. GAAP.

BEIJING, May 16, 2016 /PRNewswire/ -- TUV SUD Group ("TUV SUD") today announced that it issued a lab qualification of Customers' Testing Facilities (CTF) to JA Solar Holdings Co., Ltd. ("JA Solar" or "JA") (NASDAQ: JASO). The CTF lab qualification is widely viewed by the PV industry as the recognition for the excellence in quality control and professionalism lab testing capabilities.

CTF qualification signifies that the lab test results of solar PV products can be directly embodied in a CB (Certification Bodies' Scheme) report issued by TUV SUD, thus promoting market recognition of the products, as well as demonstrating the professional lab testing capability of the enterprise.  More information on CTF is available on the IEC official website.

Dr. Xinming Huang, VP of quality control at JA Solar, commented, "as one of the leading manufacturers of high-performance solar products, JA Solar is honored to have our PV module testing laboratories located in our Shanghai and Hefei manufacturing sites been CTF qualified.  TUV SUD is a globally recognized testing, inspection and certification agency, and the designation should further showcase JA's name brand recognition and make our products quality more reputable."

Dr. Huang continued, "Our module testing laboratory plays a pivotal role in product quality control and the introduction of new materials and products at JA. This CTF lab qualification is another testimony of JA Solar's outstanding product quality control."

Mr. Hailiang Xu, Chief PV Inspector of the TUV SUD Greater China Region, commented, "The CTF lab qualification represents the third upgrade of a JA lab in TUV SUD. Each upgrade recognizes JA's lab management and testing capabilities, and lab compliance with IECEE/CB regulation. CB test report and certification are technical quality requirements for solar PV products worldwide. Previously, almost all CB testing reports could only be obtained from third-party testing agencies. With the factory lab CTF qualification, JA Solar can now obtain a CB test report either from TUV SUD or from its own CTF qualified testing lab. This is a significant achievement in the solar industry."

Fourth Quarter 2015 Financial Results

• Net revenue was RMB 4.6 billion ($709.3 million), an increase of +28.5% y/y and +20.3% sequentially
• Earnings per diluted ADS were RMB 3.39 ($0.52), compared to RMB 2.55 ($0.39) in the fourth quarter of 2014, and RMB 4.42 ($0.68) in the third quarter of 2015

Mr. Baofang Jin, Chairman and CEO of JA Solar, commented, “Our fourth quarter results continued the momentum we built throughout 2015.  We exceeded our operating and financial objectives with shipment and revenue growth of 40.5% and 28.5%, respectively.  We fulfilled strong demand across Asia, especially in China, but also made meaningful advances in North America.  We remain committed to expand our market penetration globally, and have made progress in South, Central, and North America.”

Mr. Jin continued, “Our outlook for 2016 is bright.  We expect growth of over 30%, as countries around the world continue to encourage the growth of clean, renewable energy.  We are able to capture this market growth due to our industry-leading reputation for quality and value.  We intend to aggressively protect that reputation through our ongoing investment in research and marketing.

Business Outlook

For the first quarter of 2016, the Company expects total cell and module shipments to be in the range of 1,000 to 1,100 MW, including approximately 100 MW of module shipments to the Company’s downstream projects.  Revenues will not be recognized for the modules shipped to the Company’s downstream projects as required by U.S. GAAP.

Full year 2016 shipments are expected to be in the range of 5.2 to 5.5 GW, including 250 to 300 MW of module shipments to the Company’s downstream projects.

BEIJING, Feb. 1, 2016 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or "JA"), one of the world's largest manufacturers of high-performance solar power products, today announced that its entire portfolio of PV modules has passed the 96-hour Potential Induced Degradation ("PID") resistance test under the conditions of 85-degrees Celsius and 85% relative humidity (double 85) at -1,000V of system voltage bias as required to meet the IEC62804 standard. JA Solar is the first PV module manufacturing company to guarantee the capability of double 85 anti-PID for all of its PV modules.

In addition, as reported earlier , JA Solar's high-performance multi-crystalline Si RIECIUM modules passed an extended 500-hour PID test conducted by TUV SUD with a degradation of less than 2%. This result is a testament to the outstanding anti-PID capability of the high-performance modules, which are now guaranteed to be able to sustain a doubled (192 hours) IEC62804 standard PID test andare certified by PI-BERLIN and PVEL. The excellent anti-PID performance of JA's PV modules provides an enhanced quality and reliability assurance to the end users for the stable operation of PV installations, especially for those operating in a hot and humid environment over their 25-year life span.

"The advantage of JA's solar products is reflected not only in its core technology that features high performance and cost-effectiveness, but also in its reliability," said Dr. Wei Shan, Chief Technology Officer of JA Solar. "To be able to pass 'double 85' anti-PID certifications for all our PV modules in mass production is a tremendous achievement in terms of JA Solar's ability to produce high-performance and highly reliable PV modules to meet the ever-growing demands for better solar products from our customers and project partners."

MUNYATI, Zimbabwe, Dec. 9, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar"), one of the world's largest manufacturers of high-performance solar power products, today announced that it has won a contract to supply 100 MW of photovoltaic ("PV") modules to one of the first three large-scale ground-mounted solar power facilities in Zimbabwe. The projects will have a combined installed capacity of 300 MW and the three contractors for these projects are ZTE, China MCC17 Group and Intratrek Zimbabwe. JA Solar will supply its PV modules to China MCC17 Group for the project it is constructing.

According to information provided by the State Procurement Board of Zimbabwe, the power plants will be located in Munyati, Insukamini (small community near Munyati), and Gwanda, the capital of Matabeleland South (Zimbabwean province located next to the Botswana border). A spokesperson for JA Solar said that the company began negotiations with the Zimbabwe Power Company to supply modules for the Munyati project earlier this year. The spokesman further explained that China MCC17 Group chose JA Solar as their exclusive module supplier after winning the bid to construct the Munyati project.  

The three projects involve a total PV module contract value of US$544 million, US$179 million of which was won by JA Solar. The projects are scheduled to commence construction near the end of 2016 or early 2017, and are expected to be completed by the end of 2017.

Zimbabwe, like many countries in sub-Saharan Africa, faces a severe shortage of electricity. Currently, the majority of the country's electricity is supplied by one large thermal power station, three smaller thermal power stations and a hydropower station. These power plants fail to meet the country's electricity demand, as nearly a half of the power generation units have been out of service for several years. This, coupled with inordinate consumption of electricity by mining companies, has resulted in sweeping blackouts in cities across the country. Over the past two years, the Zimbabwean government has sped up the construction of power projects, including the three large-scale ground-mounted PV power plants. In an era where governments across the globe have been increasingly focused on the development of renewable energy, businesses that can meet this growing need will be faced with greater opportunities. Following Chinese President Xi Jinping's state visit to Zimbabwe on the morning of December 1, 2015, both countries agreed to engage in a series of collaborations in multiple sectors, including trade and energy.

Xie Jian, executive president of JA Solar, said, "Zimbabwe was President Xi's first stop during his official visit to Africa, signalling that both countries should expect to see greater cooperation in the field of renewable energy. Winning the contract to supply PV modules to the Zimbabwe project not only provides opportunities for JA Solar to establish stronger relationships in Zimbabwe but also helps lay a foundation for the company to develop relationships with other African countries. JA Solar will continue its commitment to providing higher-quality solar products for markets across the globe, as we continue to pursue the highest quality in our products in order to best serve our customers."

The leader from China MCC27 Group commented, "We are dedicated to making the Munyati solar project the first completed solar project in Zimbabwe, to serve the electricity needs of the Zimbabwean people."

Third Quarter 2015 Financial Results

• Net revenue was RMB 3.8 billion ($601.0 million), an increase of 26.4% y/y and 41.0% sequentially 
• Non-GAAP earnings¹ per diluted ADS were RMB 4.35 ($0.68), compared to RMB 1.30 ($0.20) in the third quarter of 2014, and RMB 1.67 ($0.26) in the second quarter of 2015 

Mr. Baofang Jin, chairman and CEO of JA Solar, commented, "We are pleased to report strong financial results for the third quarter of 2015 as total shipments of 1.1 GW exceeded the high end of our previous expectations. Strong demand in China continued to drive shipment growth, as China represented 53% of our total shipments during the quarter. We also made great progress on our new cell manufacturing facility in Malaysia during the quarter, and are very excited to have announced the facility's launch in late October.

"Due to relatively strong demand in the second half, we have allocated additional shipments from our downstream projects to meet customer demand. As a result, we now expect shipments to our own downstream projects to be under 100 MW in 2015.

"As we continue into the final quarter of 2015, we expect demand to remain strong in our key markets, especially China. Although we expect ASPs to remain stable, rising wafer prices may pressure margins slightly in the remainder of the year. We also continue to focus on capturing greater market share in the Americas, and are very pleased with the addition of Mr. Robert Petrina to our management team as we enhance our presence in the U.S. Growing our market share in the U.S. and several emerging markets remains our focus to drive growth in the remainder of the year and beyond."

Business Outlook

For the fourth quarter of 2015, the Company expects total cell and module shipments to be in the range of 1.1 GW to 1.2 GW. Due to strong customer demand, the Company now expects to ship less than 100 MW of modules to its downstream projects in 2015.

CADIZ CITY, Philippines, Nov. 10, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar"), one of the world's largest manufacturers of high-performance solar power products, today announced that it completed a 92.5 MW shipment of modules in mid-October to be used in the largest solar photovoltaic (PV) power project ever built in the Philippines.

Located in Cadiz City of the Negros Occidental province, the facility is designed for a total capacity of 132.5MW, 92.5MW of which will be equipped with JA Solar's JAP6-72 310W modules, including an initial on-site installment of over 30MW. The Negros Occidental province is located near the equator and the facility is located approximately 3 km from the coastline. Maximum wind speeds at the facility have been clocked at 56 meters/second (125 mph). The strong winds, combined with humid and salty air conditions require superior performance solar modules resistant to potential induced degradation (PID), salt spray corrosion and wind pressure.

As the first manufacturer worldwide to have started mass production of 100% PID-resistant cells, JA Solar produces modules with industry-leading PID-resistance. In early August 2014, JA Solar announced that its high-efficiency polycrystalline RIECIUM module passed the 500-hour PID test administered by T�V S�D. The tests were conducted under extreme conditions of 85 degrees Celsius, 85% relative humidity and 1,000 volts of system voltage bias.

In March of this year, JA Solar's salt mist resistance PV modules passed the Double Standard IEC 61701 Salt Mist Corrosion Test (Severity Level 6) conducted by T�V NORD. Following 112 days of testing, JA modules demonstrated a power loss of less than 2%. In terms of its load performance, JA Solar's JAP6 modules are able to perform under high wind loads (2400Pa) and snow loads (5400Pa), ensuring long-term stability and power output efficiency.

Mr. Jian Xie, President of JA Solar, commented, "The module shipments for the solar project in Cadiz City mark JA Solar's first entry into the Philippine market, demonstrating our resolution and confidence in building a presence in emerging markets. The superior PID-resistance, performance and reliability of JA Solar's modules ensure efficient and reliable power output in the hot and humid conditions of the Philippines."

SHANGHAI, Aug. 31, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) (JA Solar), one of the world's largest manufacturers of high-performance solar power products, today announced that Australia's 70 MW Moree Solar Farm (MSF) has begun to install the batches of solar modules provided by JA Solar since June. As MSF's exclusive supplier, JA Solar will keep delivering JAP6-315 and JAP6-310 modules to meet all demand of 70 MW modules. Early this year, MSF was acknowledged by IJ Global as the best solar transaction of 2014 in the Asia Pacific region. The award recognizes excellence, achievement and innovation in energy and infrastructure finance.

MSF is located 10 km south of Moree, in northern New South Wales. The project is owned by Fotowatio Renewable Ventures ("FRV"). Project financing totaling $164 million, including a $102 million grant from the Australian Renewable Energy Agency and $47 million of debt financing from the Clean Energy Finance Corporation, was secured in August 2014, and construction of the farm broke ground in November 2014.

Andrea Fontana, Australia Country Manager of FRV, commented, "The Moree Solar Farm is currently the largest solar farm under construction in Australia. Once completed, MSF will produce enough electricity to power the equivalent of nearly 15,000 New South Wales homes and abate nearly 95,000 tons of carbon pollution each year. Additionally, it will create more than 100 jobs during its construction."

Xie Jian, President and COO of JA Solar, added, "Demand in the Australian market has historically been centered on rooftop solar for residential use. As a leading supplier of PV modules in Australia, JA Solar has been focusing on providing its highly-efficient mono-crystalline and poly-crystalline silicon modules for rooftop installations in this market. We are now very pleased not only to see a large-scale project like the Moree Solar Farm in Australia, but also to be a significant contributor to the project. We believe that the launch of MSF will serve as a foundation for potential opportunities to cooperate on more large-scale solar projects in Australia in the future."

SHANGHAI, Aug. 17, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) (JA Solar), one of the world's largest manufacturers of high-performance solar power products, today announced that its standard 60-cell double-glass modules successfully passed all the reliability tests required by IEC61215 and IEC61730 standards and obtained at TUV SUD certifications, as well as the launch of mass production of the double-glass modules for global market.

Recently, as the installation of solar electricity generation grows at an unprecedented pace world-widely and the performance of PV products gets improved steadily, the demand for PV modules of high quality and reliability that can operate in the harsh environment without rapid degradation has greatly increased. To meet the demand, JA Solar has successfully completed the development of double-glass PV modules and started mass producing the modules from the beginning of August 2015. JA's standard 60-cell multi-Si modules are encapsulated using 2.5-mm thick high strength tempered glass on both sides with a frameless design. Compared to regular PV modules with glass only covering front side, the double-glass modules are proven to be much more reliable and endurable, as well as weather proof for deployment in the extreme environments of high-temperature, high-humidity, windy, salty, or arid conditions such as coastal fronts, fish farms, and deserts. Moreover, JA's double glass modules are designed based on IEC standard for 1500V system with a 30-year performance warranty, namely, of no greater than 2.5% power degradation in the first year followed by a linear annual degradation rate of 0.5%. At the end of this warranty, the performance level of such a double glass module will still be 85% of its initial rated power.

Mr. Jian Xie, JA Solar's Executive President, commented, "The successful pass of the IEC61215 and IEC61730 standard tests at TUV SUD and the start of mass production of the double glass modules for global market once again demonstrate the JA Solar's tradition of providing our customers high-performance PV products with high quality and reliability, as well as our commitment to meet the ever increased the worldwide demand for clean energy, through technological innovation and continuous performance improvement."

Second Quarter 2015 Financial Results

• Net income was RMB 136.0 million ($21.9 million), compared to RMB 40.1 million ($6.5 million) in the second quarter of 2014, and RMB 35.0 million ($5.6 million) in the first quarter of 2015
• Non-GAAP earnings per diluted ADS were RMB 1.67 ($0.27),compared to RMB 0.87 ($0.14) in the second quarter of 2014, and RMB 0.82 ($0.13) in the first quarter of 2015

Mr. Baofang Jin, chairman and CEO of JA Solar, commented, "We were pleased to close out the first half of the year with shipments higher than previous expectations due to strong demand in several key markets. Solid shipment growth was largely driven by demand in China, which represented 45% of our total shipments during the second quarter. Additionally, we continue to make progress on the establishment of our new cell manufacturing plant in Malaysia.

"As we continue into the second half of the year, we expect industry demand to remain relatively strong, especially in China. We are focused on capturing greater market share in emerging markets, particularly in India and the Americas. Our growing market share and continued development of our downstream project portfolio, supported by the expansion of our manufacturing capacity, will be our key growth drivers for the next several quarters."

Business Outlook

For the third quarter of 2015, the Company expects total cell and module shipments to be in the range of 900 MW to 950 MW. Based on the latest project development and permitting status, the Company now expects to ship 150 MW of modules to its downstream projects in 2015.

SHANGHAI, China, July 29, 2015 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) (the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that the special committee of its board of directors (the "Special Committee"), formed to consider the proposal from a buyer group (the "Buyer Group") comprised of Mr. Baofang Jin, Chairman and Chief Executive Officer of the Company, and Jinglong Group Co., Ltd., a British Virgin Islands company of which Mr. Baofang Jin is the sole director, to acquire all of the outstanding shares of the Company not currently owned by the Buyer Group members in a going private transaction (the "Proposed Transaction"), confirms the retention of Houlihan Lokey (China) Limited as its financial advisor and Gibson, Dunn & Crutcher LLP as its legal counsel to assist the Special Committee in its work.

The Special Committee, consisting of Mr. Shaohua Jia and Mr. Yuwen Zhao, the independent and disinterested directors of the Company, is continuing its evaluation of the Proposed Transaction. There can be no assurance that any definitive agreement will be executed relating to the Proposed Transaction or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to the Proposed Transaction or any other transaction, except as required under applicable law.

SHANGHAI, China, June 15, 2015 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) (the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that its Board of Directors has established a special committee solely consisting of independent and disinterested directors (the "Special Committee") to consider the non-binding proposal letter, dated June 5, 2015, from a buyer group (the "Buyer Group") comprised of Mr. Baofang Jin, Chairman and Chief Executive Officer of the Company, and Jinglong Group Co., Ltd., a British Virgin Islands company of which Mr. Baofang Jin is the sole director, to acquire all of the outstanding shares of the Company not currently owned by the Buyer Group members in a going private transaction.

The Special Committee is composed of the following independent and disinterested directors of the Company: Mr. Shaohua Jia and Mr. Yuwen Zhao. Mr. Shaohua Jia will be the Chairperson of the Special Committee. The Special Committee intends to engage a legal counsel and an independent financial advisor for assistance in its work.

The Board of Directors cautions the Company's shareholders that no decisions have been made by the Special Committee with respect to the Company's response to the proposal and there can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.

SHANGHAI, China, June 5, 2015 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) (the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter dated June 5, 2015 from Mr. Baofang Jin, its Chairman and Chief Executive Officer, and Jinglong Group Co., Ltd., a British Virgin Islands company of which Mr. Baofang Jin is the sole director (collectively, the "Buyer Group"), to acquire all of the outstanding shares of the Company not already owned by the Buyer Group in a going private transaction for US$9.69 per American Depositary Share ("ADS", each ADS representing five ordinary shares) or US$1.938 per ordinary share in cash, subject to certain conditions. A copy of the proposal letter is attached hereto as Exhibit A.

The Board intends to form a special committee consisting of independent directors to consider this proposal. The Company cautions its shareholders and others considering trading in its securities that the Board just received the non-binding proposal and has not made any decisions with respect thereto. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.

SHANGHAI, May 25, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar"), one of the world's largest manufacturers of high-performance solar power products, today announced that it has signed a Memorandum of Understanding (the "MOU") with its Indian business partner, Essel Infraprojects Limited ("EIL"), to establish a solar cell and module manufacturing facility joint venture ("JV"). The MOU declares a 500MW production capacity for the JV and outlines the duties of each party.

The agreement was reached on May 16^th at the India-China Business Forum held in Shanghai, where Indian Prime Minister Narendra Modi, Chinese national leaders, and commercial and industrial representatives of both countries were in attendance, including JA Solar and its partner, EIL.

Cooperation opportunities in the photovoltaic industry were a special focus at the Forum, as the leaders agreed that the establishment of a photovoltaic park should be a priority on the agenda. More than twenty different agreements were signed by representatives at the forum, representing up to 22 billion U.S. dollars in total investments.

First Quarter 2015 Financial Results

• Net revenue was RMB 2.4 billion ($387.7 million), an increase of 5.6% y/y and a decrease of 32.8% sequentially.
• Non-GAAP earnings1 per diluted ADS were RMB 0.82 ($0.13), compared to RMB 1.99 ($0.32) in the first quarter of 2014, and RMB 1.74 ($0.28) in the fourth quarter of 2014.

Mr. Baofang Jin, chairman and CEO of JA Solar, commented, "Our first quarter shipments were in line with our expectations during a seasonally slow period. During the quarter, our gross margin held up well due to reduced material costs and high demand from the Japanese market, where pricing was better than expected. Shipments to Europe were also strong, growing both year over year and sequentially."

Mr. Jin continued, "Moving forward, we expect to see stronger demand in the second half, particularly in China and North America. Meanwhile, we remain focused on the execution of our downstream business and strategically expanding our manufacturing capabilities. We are currently working to establish a new cell manufacturing facility in Malaysia. Malaysia offers an advantageous location for our additional capacity as we continue to evaluate new opportunities in emerging markets, such as Latin America and India. Just earlier this month, we announced a new joint venture to develop solar projects in Chile, and believe this partnership will be a great opportunity for us to accelerate our penetration in the Latin America market.

"We are confident that our strong manufacturing and sales execution, growing downstream project portfolio, and continued geographic expansion will be key growth drivers for us moving forward. These, combined with the expected pick-up in demand in the second half of the year, leave us very optimistic about the remainder of 2015 as we continue to build on our leadership position in the industry."

Business Outlook

For the second quarter of 2015, the Company expects total cell and module shipments to be in the range of 680 MW to 720 MW. Full year 2015 shipments are expected to be in the range of 3.6 GW to 4.0 GW, including 200 MW of modules shipments to the Company's downstream projects.

SHANGHAI, April 29, 2015 /PRNewswire/ -- The Chinese government's Belt and Road Initiative aims to promote the construction of international trade and infrastructure projects to bring growth opportunities and economic benefits throughout Asia, Europe and other neighboring countries involved. As an important part of the Initiative, the construction of several large-scale PV energy projects in Pakistan is under way.

On April 4th, the first 100MW solar farm in Pakistan was put into operation. The largest of its kind in Pakistan, the solar farm was built by the Chinese company TBEA using modules supplied by JA Solar (NASDAQ:JASO). By providing over 500,000 kWh of clean energy to the nearby province of Punjab, the solar farm provides relief for a region that has historically possessed an energy deficit.

JA Solar supplied its modules under the supervision of PV Lab Germany GmbH, an authoritative third-party accredited laboratory which sets strict standards for raw material selection, manufacturing processes and quality inspection. JA Solar modules proved its high reliability, high conversion efficiency and high power output by passing strict testing and shipping its product on schedule.

Mr. Jian Xie, President of JA Solar, commented, "We are proud to have completed the 100MW shipment of modules to the first major solar farm in Pakistan. Being the module supplier for a flagship project of such significance to the Belt and Road Initiative is a testament to the high global recognition of JA products, and a newly achieved milestone in our global market expansion efforts. We are confident that with the promotion of the Belt and Road Initiative, JA will seize more opportunities by utilizing our high-performance PV modules and adding significant value to our customers by greatly reducing per watt electricity costs.

SHANGHAI, April 28, 2015 /PRNewswire/ -- The Chinese government's Belt and Road Initiative aims to promote the construction of international trade and infrastructure projects to bring growth opportunities and economic benefits throughout Asia, Europe and other neighboring countries involved. As an important part of the Initiative, the construction of several large-scale PV energy projects in Pakistan is under way.

On April 4th, the first 100MW solar farm in Pakistan was put into operation. The largest of its kind in Pakistan, the solar farm was built by the Chinese company TBEA using modules supplied by JA Solar (JASO). By providing over 500,000 kWh of clean energy to the nearby province of Punjab, the solar farm provides relief for a region that has historically possessed an energy deficit.

JA Solar supplied its modules under the supervision of PV Lab Germany GmbH, an authoritative third-party accredited laboratory which sets strict standards for raw material selection, manufacturing processes and quality inspection. JA Solar modules proved its high reliability, high conversion efficiency and high power output by passing strict testing and shipping its product on schedule.

Mr. Jian Xie, President of JA Solar, commented, "We are proud to have completed the 100MW shipment of modules to the first major solar farm in Pakistan. Being the module supplier for a flagship project of such significance to the Belt and Road Initiative is a testament to the high global recognition of JA products, and a newly achieved milestone in our global market expansion efforts. We are confident that with the promotion of the Belt and Road Initiative, JA will seize more opportunities by utilizing our high-performance PV modules and adding significant value to our customers by greatly reducing per watt electricity costs.

SHANGHAI, April 7, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or "JA"), one of the world's largest manufacturers of high-performance solar power products, today announced that the Knesset (Israeli Parliament) has utilized the use of JA PV modules for its rooftop solar project.

The Knesset unveiled the 450KW solar modules installed on its roof at the inauguration of the solar project's operation on March 29th.. Occupying 4,650 square meters of roof space, it is by far the largest solar project completed by any national assembly in the world. 1,500 photovoltaic panels will yield about 10 percent of the building's electricity needs. This solar project, along with other energy saving measures, is expected to cut down a third of the energy consumption at the Knesset by the end of 2015.                                                                                   

Mr. Yuli Edelstein, Knesset Speaker, said, "What is happening before our eyes is a true revolution in energy conservation. It is not just the solar panels; it is a turning point with regards to the environmental awareness revolution that we have been promoting for the past two years."

Mr. Jian Xie, President of JA Solar, added, "We are proud to collaborate with local distributor Ralco and EPC company Solargreen as the module supplier for the Knesset rooftop project. This iconic solar project is of great significance in terms of developing clean and renewable energy in the country. Successfully shipping 450KW of JA modules to the Knesset is a testament to the high quality and reliability of our PV products and reflects our ever-growing global influence."

SHANGHAI, March 30, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or "JA"), one of the world's largest manufacturers of high-performance solar power products, today announced that its salt mist resistance PV modules passed the Double Standard IEC 61701 Salt Mist Corrosion Test (Severity Level 6) conducted by TUV Nord. JA Solar PV modules is the first in the industry to pass the test and JA will highlight this enhanced reliability at upcoming trade shows, such as Intersolar Beijing and the SNEC PV Power Expo in Shanghai.

Solar modules located in coastal areas are at greater risk of performance degradation and shorter lifespan due to the effect of salt mist, which can obscure glass and corrode components such as frames and junction boxes. JA Solar's line of modules is ruggedized to withstand harsh coastal weather and minimize power loss. In the TUV Nord testing, JA modules demonstrated power loss of less than 2%.

TUV Nord conducted the IEC 61701 Salt Mist Corrosion Test, Severity Level 6 on JA modules. This test is the most stringent in the industry, and features eight cycles of tests within 56 days. The Double Standard Class 6 test is twice as difficult, because it extends the duration to 112 days.

Mr. Jian Xie, President of JA Solar, commented, "The reliability, power output and lifespan of solar PV modules are sometimes challenged by the severe weather conditions in coastal areas. Achieving certification in this test again demonstrates the durability and high quality of JA Solar products. We take pride in our record of success in meeting the needs of our customers through continuous product innovation."

SHANGHAI, March 23, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or "JA"), one of the world's largest manufacturers of high-performance solar power products, today announced that all of its PV modules have passed the high-grade hailstone impact test conducted by TUV Rheinland.

During the high-grade hailstone impact test, hailstones with a diameter of 45 millimeters strike the glass surface of JA's modules at a speed of 30.7 meters per second (about 110.5 kilometers per hour). In contrast, hailstones used in the standard hailstone impact test strike are only 25 millimeters in diameter and strike modules at a speed of only 23 meters per second. The anti-kinetic energy impact performance of JA modules is ten times the original industry standard.

Mr. Jian Xie, President of JA Solar, commented, "In order for our products to withstand harsher weather conditions, it is a necessity that our modules pass the hailstone impact test under more stringent conditions. Passing the TUV high-grade hailstone impact test is further testament to the high reliability of JA Solar's PV products and our competitive advantage as a leader in industrial PV technology"

SHANGHAI, March 16, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or "JA"), one of the world's largest manufacturers of high-performance solar power products, today announced that it will supply 35.1 MW of modules to the second phase of a Guatemala solar farm.

The signing of the contract for phase II of the project for another 35.1MW of modules came after JA's successful delivery of 59.7MW to the first phase in 2014. As the largest solar farm in Central America and the second largest in the Latin American region, the Guatemala project requires modules of high reliability, high conversion efficiency and high power output.

Mr. Jian Xie, president of JA Solar, commented, "We are proud that our customers are satisfied with JA's high efficiency modules and chose us again for phase II of the project. Enough panels to cover an area the size of 300 football fields not only provides clean power to the people of Central America, but also opens a window for us in the local market. It is a new milestone in our efforts to expand globally into new markets and reflects our ever-growing global influence."

Fourth Quarter 2014 Financial Results

• Net revenue was RMB 11.3 billion ($1.8 billion), compared to net revenue of RMB 7.2 billion ($1.2 billion) in fiscal year 2013
• Non-GAAP earnings per diluted ADS in fiscal year 2014 was RMB 5.45 ($0.88), compared to a non-GAAP loss per diluted ADS of RMB 9.39 ($1.51) in fiscal year 2013

Mr. Baofang Jin, chairman and CEO of JA Solar, commented, "Our results in Q4 confirm the visibility we had coming into the quarter. Demand in the China market was as strong as expected, as developers and utilities rushed to meet aggressive government-directed goals for the year. We started the quarter with all of our capacity booked, and demonstrated excellent manufacturing execution to fill orders, resulting in a shipment growth of 43% year-over-year and 21% sequentially. We executed at the margin level too, with product and geographic mix drive sequentially higher gross margin. Filling capacity as we grow enabled us to show steady bottom line improvement. We grew non-GAAP earnings per ADS by 34% sequentially and 85% year over year.

"These strong results capped a year of achievement for JA, in which we solidified our position as a leader within the top tier of solar equipment producers. We expect our revenue growth rate of 57% to be among the highest in the industry. Our strategic decision to shift our product mix to more profitable modules and better geographies paid off, with gross profit more than doubling as our gross margin expanded by 500 basis points. We continued to invest heavily in R&D, increasing this expense by 58%, but held other operating expenses under control, resulting in solid operating and net margins. Our intention in 2015 is to sustain this track record of rapid growth and high profitability.

"With profitability restored and our intended mix shift to modules complete, our focus now turns to important initiatives that will drive the next leg of growth. In particular, we are enthusiastic about expanding sales into new, underpenetrated geographies such as North America, South America, and India. We expect to sustain our technology leadership with record new efficiencies in our Recium and Percium cells. And we intend to accelerate our downstream project development segment by more than doubling our planned installations this year.

"We are optimistic and confident about the future for JA Solar. We have established our industry leadership in many ways, whether it be the talent and hard work of our employees, or the strength of our customer relationships. We expect our leadership position to drive outstanding results in the year ahead, creating success for our customers, shareholders, and employees."

Business Outlook

For the first quarter of 2015, the Company expects total cell and module shipments to be in the range of 680 MW to 750 MW. Full year 2015 shipments are expected to be in the range of 3.6 GW to 4.0 GW, including 200 MW to 300 MW of modules shipments to the Company's downstream projects.

SHANGHAI, March 9, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or "JA"), one of the world's largest manufacturers of high-performance solar power products, today announced that it has completed the development of its new 1500V PV module, inaugurating the product's global launch in February 2015. The product was featured at the PV Expo in Japan on February 25^th and was met with overwhelming reception. The new module will also be featured in several upcoming exhibitions, including the Ecobuild Conference to be held in London in early March, and the SNEC PV Power Expo to be held in China at the end of April.

The current IEC industry standard for maximum system voltage is 1000V of system voltage bias. The JA 1500V PV module has proven its performance under the IEC standard for 1500V of system voltage bias, passing the stringent PID test under its standard conditions for 1500V systems. Tested and certified by TUV, this performance is a testament to the high quality of this new product.

Mr. Yong Liu, Chief Technology Officer of JA Solar, commented, "Raising the maximum system voltage to 1500V means a potential increase of up to 50% in string length, reducing costs on the system side. It is an inevitable trend that 1500V systems would begin to be installed on a global scale. Our new 1500V PV module is further testament to JA's competitive advantage as a leader in industrial PV technology."

SHANGHAI, Feb. 4, 2015 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or "JA"), one of the world's largest manufacturers of high-performance solar power products, today announced that it made a major breakthrough in the South Pacific market in 2014. JA Solar was the supplier for several national solar projects in countries such as New Zealand, Fiji and Papua New Guinea, and received strong customer feedback and praise for the strong performance of its modules.

Most of these solar projects are the first in their respective regions, setting a leading benchmark for the region's solar industry development. The 350KW Auckland Shopping Centre Project is currently the single largest solar installation in New Zealand. The project is heralded as a major step in the development of clean energy by the New Zealand government. The 1 MW Cook Islands Raratonga Airport Project is also the first solar power station in the Cook Islands, helping the airport to reduce diesel consumption by 400,000 litres per year. The 1.96MW Tuvalu Islands Project is the first local clean renewable energy off-grid system established by the New Zealand government. The 128KW Papua New Guinea Centre Tower Project is the first mall rooftop project in the region. The 550KW Fiji Radisson Hotel Project is the first installation by the Radisson chain of hotels. This new partnership with Radisson will be the first of many potential installations for the hotel chain throughout the Pacific.

Mr. Yong Liu, Chief Technology Officer of JA Solar, commented, "Local climate conditions such as wind and high temperature require high PID-resistance, high mechanical load and better low-light performance for modules. Our modules, known for their high reliability, high conversion efficiency and high power output, can adapt well to South Pacific climate and reduce per watt power generation costs to the utmost. It is a great honor and a testament to our product quality for us to be chosen as the supplier for these model projects in the region."

Mr. Jian Xie, president of JA Solar, added, "As the first projects of their kind in the region, these model projects are of great significance in terms of developing clean and renewable energy, protecting ecological environment, upgrading power supply structure and accelerating the sustainable development of the economy in the region. This breakthrough in the South Pacific region is a new milestone in our effort to expand globally into new markets and reflects our ever-growing global influence."

SHANGHAI, Dec. 8, 2014 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or "JA"), one of the world's largest manufacturers of high-performance solar power products, today announced that it shipped 100MW of modules to the first large-scale solar farm in Pakistan.

Occupying 500 acres of land, the solar farm is located within the Quaid-e-Azam Solar Park in Bahawalpur, Pakistan. The Solar Park will serve to address the country's energy shortage and is a key project of the China-Pakistan Economic Corridor, an under-construction development program for energy and infrastructure projects to connect China to southern Pakistan and develop a new gateway for trade. Energy demand in Pakistan has grown approximately 8 percent annually, leaving the country with an estimated deficit in energy production of 6 GW.

Punjab, the province in which the project is located, enjoys some of the highest solar irradiance in the world. With approximately 3,000 hours of sunlight each year, the region is highly suitable for PV power generation. This project is located in an arid region where temperatures reach up to 50 degrees celcius during the summer. The extremely hot and dry climate demands the highest quality modules.

JA Solar supplied its modules under the supervision of PV Lab Germany GmbH, an authoritative third-party accredited laboratory which sets strict standards for raw material selection, manufacturing processes and quality inspection. JA Solar proved its reliability, high conversion efficiency and high power output by passing strict testing and shipping product on time. Tests included Electroluminescence Inspection and the 3xIEC Standard Thresher Test.

Mr. Yong Liu, Chief Operation Officer of JA Solar, commented, "The harsh and arid climate in Pakistan is a great challenge for our solar modules. Successfully shipping 100MW of our modules is a testament to the high quality and reliability of our products."

Mr. Jian Xie, President of JA Solar, added, "The establishment of the Quaid-e-Azam Solar Park is an important means to attract foreign investment for Pakistan's energy industry. By completing 100MW of shipments to Pakistan, JA has achieved a new milestone in its effort to expand globally into new markets. As a module supplier for the first large-scale solar farm in Pakistan, we proved that our cost-effective products will add significant value for our down-stream customers by increasing power generation and reducing installation costs."

Third Quarter 2014 Financial Results

• Net revenue was RMB 3.0 billion ($492.2 million), an increase of 71.8% y/y and 24.7% sequentially.
• Non-GAAP earnings¹ per diluted ADS were RMB 1.30 ($0.21), compared to Non-GAAP loss per diluted ADS of RMB 2.24 ($0.36) in the third quarter of 2013, and Non-GAAP earnings per diluted ADS of RMB 0.87 ($0.14) in the second quarter of 2014

Mr. Baofang Jin, chairman and CEO of JA Solar, commented, "JA Solar delivered strong results in the third quarter, as our strategic shift from cells to modules started to come to fruition. While we remain a leader in cell technology and cell manufacturing, higher margin module sales has become one of the key results drivers at JA. Module sales more than doubled year over year and were up 52% sequentially, mainly due to robust growth in sales to Japan and China. In fact, our capacity is fully booked for the fourth quarter, resulting in some of the best visibility we have had in some time."

Mr. Jin continued, "We are confident in our guidance for the whole year, as well as our ability to sustain our current margin structure into Q4. We remain committed to tight expense control, and are optimistic about our growing penetration of the downstream project business."

Business Outlook

For the fourth quarter of 2014, the Company expects total cell and module shipments to be in the range of 850 MW to 900 MW. This results in full year 2014 shipments expected to be in the range of 3.1 GW to 3.2 GW. The Company now expects to ship 160 MW of modules to its downstream projects, compared with the previously guided 200 MW.

Share Buyback

The board of directors of the Company approved a share repurchase program that authorizes the Company's management to repurchase up to US$90 million worth of its issued and outstanding American Depositary Shares prior to Nov 17, 2015.

The program permits the Company to purchase ADSs from time to time on the open market at prevailing market prices, in accordance with applicable securities laws and subject to restrictions relating to volume, price and timing.

SHANGHAI, Nov. 17, 2014 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announces that the rated power of its solar modules assembled by 60 multi-crystalline silicon ("multi-Si") cells has reached a new milestone of above 280 W.

This newly achieved result, which has been independently confirmed and certified by TUV Rheinland of Germany's Shanghai Testing Center, sets a record-high >17.2% conversion efficiency to date for the PV panels consisting of 60 regular industrial size (156x156 mm²) multi-Si cells and using a single standard junction box.

"This latest result of above 280W output power achieved from multi-Si modules with 60 cells is the continued effort of our R&D follows JA Solar's recently announced progress in reaching new efficiency record of multi-Si solar cells." said Mr. Jian Xie, president of JA Solar, "this new milestone once again demonstrates JA Solar's devotion in enabling cost-effectively manufacturing high-performance solar cells and modules to meet the growing demand for high-performance solar power products."  

"The output power of these record-setting solar modules we've just made can be further improved by fine tuning our module assembly process and encapsulation materials," added by Mr. Yong Liu, Chief Operation Officer of JA Solar. "At least another five watts increase is definitely achievable. That will add significant value for our down-stream customers in terms of increasing power generation and reducing installation cost."

SHANGHAI, Sept. 26, 2014 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it achieved 20% solar energy conversion efficiency in its multi-crystalline silicon ("multi-Si") solar cell.  By using advanced proprietary light trapping and surface passivation technologies, the JA Solar research team attained this absolute 1% increase in conversion efficiency only nine months after announcing the realization of 19% efficiency in its multi-Si cells.

Mr. Yong Liu, Chief Operating Officer of JA Solar, commented: "JA Solar set a new world record for multi-Si cell efficiency by breaking the 20% barrier.  This accomplishment once again demonstrates JA Solar's unrivaled ability to advance PV technology, and creates value for our customers by increasing power generation and reducing installation costs."

Added Dr. Wei Shan, Chief Scientist and General R&D Manager: "Consecutive record-breaking results by our multi-Si solar cells are a great achievement for our R&D team. But, we have only just begun. The confidence we had in surpassing 20% efficiency this year extends now to our expectation to realize even more efficiency gains in the quarters ahead.  Furthermore, with these new high performance cells as a foundation, we anticipate setting new performance records at the module level in the near future."

JA Solar intends to mass produce multi-Si cells using its new technology and integrate its new high-efficiency multi-Si cells into commercial module assemblies in 2015.

Second Quarter 2014 Financial Results

• Net revenue was RMB 2.4 billion ($390.5 million), an increase of +52.9% y/y and +6.5% sequentially
• Earnings per diluted ADS were RMB 0.59 ($0.10), compared to a loss per diluted ADS of RMB 3.58 ($0.58) in the second quarter of 2013, and an earnings per diluted ADS of RMB 1.41 ($0.23) in the first quarter of 2014

Mr. Baofang Jin, chairman and CEO of JA Solar, commented, "Our second quarter results were satisfactory, with strong revenue growth, continued bottom-line profitability, and progress in our transition from cells to modules as our main revenue stream. This successful transition has enabled us to emerge as a tier 1 module supplier in the world. Furthermore, we are actively growing our downstream business. In the second half of 2014, we expect to sustain both our growth and profitability, due to accelerating activity in China, and continued favorable product and geographic mix"

Mr. Jin continued, "Notably, our geographic mix in modules remains very favorable, a result of our determination to focus on the countries with the best growth and pricing prospects. Japan performed very well in the quarter, while module shipments into China and Europe were stable. North America saw a solid surge sequentially and now represents 9% of our module sales. This favorable geographic exposure is the result of strategic decisions we made in the past several quarters."

"We are confident in our prospects in the second half of this year. Our optimistic outlook is predicated on several trends. We expect better demand in China as both utility scale and distributed generation projects start construction in the second half. We believe secular demand trends in Japan will continue due to their unique energy needs, and we expect to grow our business in the North American market. Therefore we have revised up our full year shipment objective to be in the range of 2.9 GW to 3.1 GW."

Business Outlook

For the third quarter of 2014, the Company expects total cell and module shipments to be in the range of 730 MW to 760 MW. For the full year 2014, the Company revised up its previous shipment guidance. The Company now expects to ship between 2.9 GW and 3.1 GW, higher than previous guidance of a range of 2.7 GW to 2.9 GW. Consistent with the previous guidance, the new guidance includes 200 MW of module shipments to the Company's downstream projects.

SHANGHAI, Aug. 18, 2014 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that its highly efficient polycrystalline RIECIUM module passed the 500-hour Potential Induced Degradation ("PID") Test conducted by TUV SUD, a world leader in testing and certification services.

The tests were conducted under extreme conditions of 85 degrees Celsius, 85% relative humidity and 1,000 volts of system voltage bias, with results showing less than 2% power degradation. These results are in accordance with the Company's previous assurance that its RIECIUM modules are capable of passing the double standard IEC62804 PID test, which is conducted under conditions of 85 degrees Celsius, 85% relative humidity and 1,000 volts of system voltage bias, for a duration of 92 hours.

The RIECIUM module, launched by JA Solar earlier this February, has a color close to the mono-crystalline module. The average conversion efficiency of RIECIUM modules currently in production has surpassed 18.6%, while power output has reached 270W, 10W higher than the industry average.

"By passing the 500-hour PID Test with our RIECIUM modules, JA Solar has reached yet another milestone in terms of our ability to produce highly reliable solar products," said Mr. Yong Liu, Chief Operation Officer of JA Solar. "This new test result is a further testament to JA Solar's unrivaled efforts to push the boundaries of PV technology, and deliver significant value to our customers through our product's superior reliability."

SHANGHAI, June 23, 2014 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, launched mass production of its PERCIUM solar cell onJune 20th. The PERCIUM solar cell, the first P-TYPE solar cell in industry that surpasses a conversion efficiency of 20%, has reached an average conversion efficiency of 20.4%. The 6x10 PERCIUM cells module, which has reached an average power rating of 285W, is expected to be put into mass production one week later. The preparation for mass production has taken only three months since the new product release early this year and the module is expected to reach an average power rating of 290W by the end of the year.

High conversion efficiency and high reliability are two aspects the solar industry highly values as the next step of development. It's also what makes JA Solar products so outstanding. Early this year, JA Solar launched the 6x10 PERCIUM cells module in Japanese, British, Israeli, Chinese and German markets and has received positive responses, especially from European and Japanese markets.Since then JA Solar has received plenty of enquiries and order forms.

To meet the increasing demands of customers, JA Solar has completed preparations for mass production within a short time and will continue to expand the capacity of PERCIUM solar cells. Currently, the company has one PERCIUM solar cell production line and will have four this October. It expects to have eight in 2015. The capacity of PERCIUM solar cells is expected to reach 170MW by the end of this year and 350MW next year.

"High conversion efficiency can bring about low system cost per Watt, which means low BOS, transportation, installation and land cost," said Mr. Yong Liu, chief operation officer of JA Solar. "The PERCIUM solar cell uses Passivated backside and local BSF technology to ensure excellent low-light performance of PERCIUM cells module. High cost performance on the system side can help to reduce the cost of power per KWH."

First Quarter 2014 Financial Results

• Net revenue was RMB 2.3 billion ($366.0 million), an increase of 5.2% from the fourth quarter of 2013 and an increase of 35.7% from the first quarter of 2013
• Non-GAAP earnings per diluted ADS in the first quarter of 2014 were RMB 1.99 ($0.32), compared to Non-GAAP loss per diluted ADS of RMB 0.94 ($0.15) in the fourth quarter of 2013

Mr. Baofang Jin, chairman and CEO of JA Solar, commented, "I am proud to report the second consecutive profitable quarter for JA Solar since exiting the industry downturn. We exceeded our shipment guidance while improving revenue, gross margin and operating profit both sequentially and year-over-year. This performance was especially notable in a seasonally slow quarter for the industry. The solid results this quarter demonstrate the resiliency of our business model and our ability to quickly adapt to the most attractive product and geographic mix. "

Mr. Jin continued, "We continue to improve our margins by richening our mix of business while delivering further cost reductions. Module volume increased to over 60% of total shipments during the quarter, and our penetration of downstream project opportunities remained on track. Our performance in key geographies was a highlight of the quarter. Shipments to Japan increased sequentially, while demand in Europe remained healthy as our high-power products became increasingly competitive in the market. While shipments to China were impacted by seasonality this quarter, we expect a strong second half when many SOE-owned utility projects begin construction."

"We remain optimistic for the balance of 2014, both for the sustainability of the industry recovery, and for our ability to solidify a leadership position within the industry. We see opportunities to grow in emerging markets such as Latin America and the Middle East, in expanding our downstream project pipelines, and in taking market share in our home market here in China. Therefore, we are confident that we can achieve our previously announced 2014 shipment objective of 2.7 to 2.9 GW."

Business Outlook

For the second quarter of 2014, the Company expects total cell and module shipments to be between 670 MW and 700 MW. For the full year 2014, the Company the Company reiterates its full year cell and module shipments guidance of between 2.7 GW and 2.9 GW, which includes 200 MW of module shipments to the Company's downstream projects.

SHANGHAI, China, April 14, 2014 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced preliminary results for its first quarter ended March 31, 2014.

Based on preliminary financial information, JA Solar currently expects total shipment volume in the first quarter of 2014 to exceed 620 MW, ahead of its previously announced guidance of 580 MW to 610 MW. The Company also expects sequential gross margin improvement in the first quarter of 2014.

Furthermore, the Company reiterates itsGW and 2.9 GW,  full year cell and module shipments guidance of between 2.7 which includes 200 MW of module shipments to the Company's downstream projects.

"We are proud that solid execution in the quarter enabled us to exceed our previously issued guidance," said Baofang Jin, Chairman and Chief Executive Officer of JA Solar.

First quarter 2014 preliminary results are subject to change based on the completion of the Company's normal quarter-end review process. The Company expects to report first quarter 2014 results sometime in the first two weeks of May.

Fourth Quarter 2013 Financial Results

• Net revenue in the fourth quarter of 2013 was RMB 2.2 billion ($357.3 million), an increase of 23.0% from RMB 1.8 billion ($290.5 million) in the third quarter of 2013, and an increase of 29.5% from RMB 1.7 billion ($275.9 million) in the fourth quarter of 2012.
• Earnings per diluted ADS in the fourth quarter of 2013 was RMB 1.92($0.32), compared with loss per diluted ADS of RMB 6.77 ($1.12) in the third quarter of 2013 and loss per diluted ADS of RMB 15.06 ($2.49) in the fourth quarter of 2012.

Mr. Baofang Jin, chairman and CEO of JA Solar, commented, "JA Solar ended 2013 on a strong note, as we comfortably exceeded the high end of our shipment guidance and returned to profitability in the fourth quarter. Stabilization of the pricing environment coupled with our continuous cost-reduction efforts enabled us to expand our gross margin to over 15%. We also generated significant operating cash flow as we focused on collecting receivables and executing sales with favorable payment terms, allowing us to fuel the expansion of our business while maintaining a prudent capital structure."

Mr. Jin continued, "We continued to perform well in all of our key regions in the fourth quarter, notably China, which is proving to be one of the cornerstone markets of global solar demand. With Japan expected to remain a major growth driver in 2014, we're pleased to have solidified our position there as one of the leading international solar suppliers. We also continue to see healthy demand in a range of European markets, with our progress in the U.K. utility market being a particular highlight."

"In 2014, we plan to build out our position in key markets across Asia, Europe and North America, while exploring opportunities in fast-growing regions including Latin America and the Middle East, where we have gained a solid foothold in recent months. With our global footprint and increasing recognition of JA Solar's superior conversion efficiency and product performance, we target to grow our shipments by over 30% this year to between 2.7 GW and 2.9 GW. We will also continue to explore downstream opportunities that diversify our revenue mix and deliver attractive returns. With a positive revenue outlook and a very competitive cost structure, we are focused on delivering full-year profitability in 2014."

Business Outlook

For the first quarter of 2014, the Company expects total cell and module shipments to be between 580 MW and 610 MW. For the full year 2014, the Company expects total cell and module shipments to be between 2.7 GW and 2.9 GW, including 200 MW of module shipments to the Company's downstream projects.

SHANGHAI, March 3, 2014 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it will supply 7.8MW of its high-efficiency full square mono solar modules to British Solar Renewables, a U.K.-based developer of large-scale renewable projects, for use on a 7.8MW solar farm in the south-western United Kingdom. Shipments of the JAM6R 270W P-Type modules in a 60-cell format are expected to be completed during the first quarter of 2014.

This latest cooperation follows JA Solar's shipment of 30MW of modules to four British Solar Renewables ground-mounted projects in 2013.

"JA Solar's ability to deliver high-efficiency solar products against tight deadlines was a key factor in us winning this project," said Mr. Baofang Jin, executive chairman and CEO of JA Solar. "We have built a strong partner base in the U.K., both in the residential and utility scale segments, and have seen growing demand for our high-efficiency products. Going into 2014, we are positioned to perform strongly in the fast-growing U.K. market."

British Solar Renewables CEO Angus MacDonald added, "British Solar Renewables strives to be best in class in our PV build process and so demands premium products from the most reliable suppliers. We are delighted to once again be cooperating with JA Solar, who have consistently demonstrated their technology and product-quality leadership."

Alastair Mounsey, UK manager at JA Solar, commented, "Maximizing returns on renewable investments requires not only lower sourcing costs but also maximum lifetime yield. We're confident the superior power output of our 270W modules, allied with their high durability, will ultimately generate higher returns for British Solar Renewables over the lifetime of this project."

JA Solar will be exhibiting its 270W full square mono solar modules at Ecobuild London from March 4-6, where it will also introduce its next generation 60-cell format RECIUM and PERCIUM high-efficiency cells and modules.

SHANGHAI, China, Feb. 18, 2014 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that its multi-crystalline silicon ("multi-Si") solar cells have surpassed 19% conversion efficiency.

This latest improvement in efficiency, achieved using advanced cell technology recently developed by JA Solar's R&D team, follows the Company's announcement in August 2013 that its multi-Si cells had achieved 18.3% conversion efficiency, an industry record at the time.

"By breaking the 19% efficiency barrier with our multi-Si cells, JA Solar has reached yet another milestone in terms of our ability to produce high-performance solar products in a cost-effective manner," said Mr. Yong Liu, chief operation officer of JA Solar. "The new cells are a further testament to JA Solar's unrivaled efforts to push the boundaries of PV technology, and their superior power generation per unit of area and lower installation cost per watt will deliver significant value to customers."

JA Solar plans to commence mass production of its new multi-Si cells and integrate them into module assembly lines for commercial use in the second half of 2014.

SHANGHAI, Jan. 22, 2014 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (NASDAQ: JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, and Powerway PV SA Pty., Ltd. ("PWSA"), a leading provider of comprehensive solar farm construction services, today announced that they have formed a Joint Venture to establish a solar module manufacturing facility in Port Elizabeth, South Africa.

The facility, located in Port Elizabeth's COEGA Industrial Development Zone, will service customers in South Africa and the broader Southern African region with solar modules assembled from JA Solar's high-efficiency cells.

Production is scheduled to begin in the second quarter of 2014, with the plant targeted to reach an initial annualized capacity of 150 MW. At a BBBEE level 3 status, the facility is expected to provide over 200 employment opportunities to the local community within the first year of Production

JA Solar and Powerway South Africa have the option to expand the production capacity of the facility up to 600 MW to meet growth in regional demand.

Mr. Baofang Jin, executive chairman and CEO of JA Solar, commented, "This facility will play a crucial role as we seek to benefit from the significant growth potential across the Southern African region. Improved cost-effectiveness is making solar an increasingly attractive energy alternative in South Africa. Having a presence on the ground will give us the local knowledge and qualification needed to identify and pursuit the best commercial opportunities while providing better services to our customers."

"We're delighted to be working with Powerway South Africa, which has built up a powerful brand and an extensive sales network in South Africa through a long-established track record."

"We're seeing increasing demand for quality solar modules in the South African market and the central position of this facility means it is ideally located for exports from the COEGA Port and will serve project sites in Northern Cape, Western Cape,Gauteng and the greater Southern Africa region," said Mr. Charles Domingo, Managing Director of Powerway South Africa. "We already have a long and fruitful relationship with JA Solar and are delighted to be extending that into a new and exciting market."

SHANGHAI, China, Jan. 20, 2014 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it has partnered with Solar Insurance and Finance ("Solarif"), a global, independent insurance agent focused on insurance for PV installations, to offer JA Solar's module customers solar project insurance. The insurance, provided by Solarif, is underwritten by an A-rated global insurance company.

The insurance can be purchased as a supplement to JA Solar's existing module warranty, and covers expenses arising from or caused by material damage to installations, additional labor costs, call-out charges and loss of electricity production.

Mr. Baofang Jin, executive chairman and chief executive officer of JA Solar, commented, "JA Solar's focus on quality throughout our manufacturing process, combined with our solid financial position, makes us one of the most bankable solar brands in the market. The insurance we are offering with Solarif builds on this foundation, making it easier for customers to manage risks, obtain financing, and ultimately monetize their solar projects."

Rene Moerman, chief strategy officer of Solarif commented, "Our detailed audit of JA Solar's facilities, financial health, and environmental and labor conditions showed that the Company more than meets our standards. We are proud to be partnering with them to offer their customers this innovative insurance solution."

SHANGHAI, China, Dec. 11, 2013 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced changes to its management team, effective January 1, 2014.

Mr. Herman Zhao has been appointed the Company's new chief financial officer ("CFO"). Mr. Min Cao, the Company's current CFO, will assume the role of chief strategy officer upon Mr. Zhao's appointment.

Concurrently, Mr. Jian Xie, the Company's current chief operating officer ("COO"), will assume broader leadership at the Company as its president, and current chief technology officer Mr. Yong Liu will become the Company's COO.

Mr. Herman Zhao previously served as JA Solar's CFO from July 2006 to May 2008. Since then, he has served as CFO at Legend Silicon Corporation, a Silicon Valley-based fabless semiconductor company, and Sky Solar Holdings Co., Ltd., a downstream solar-project developer.

Mr. Baofang Jin, executive chairman and CEO of JA Solar, commented, "The depth of managerial talent at JA Solar is one of our key strengths, and we think these changes make the best use of our resources. We are pleased to welcome back Herman as our CFO. We are confident that our management team's extensive manufacturing and downstream-project experience will be instrumental as we continue to solidify our market position."

Third Quarter 2013 Financial Results

• Net revenue was RMB 1.8 billion ($287.3 million), compared to RMB 1.6 billion ($258.9 million) in the second quarter of 2013
• Non-GAAP loss per diluted ADS was RMB 2.24 ($0.37), compared to Non-GAAP loss per diluted ADS of RMB 3.58 ($0.59) in the second quarter of 2013

Mr. Baofang Jin, executive chairman and CEO of JA Solar, commented, "We posted a solid performance in the third quarter, with shipments exceeding the high end of our guidance, owing to an improvement in the macro environment and increased installation activity across key markets. Thanks to a much healthier supply-demand balance and our continued cost-reduction efforts, our gross margin returned to double digits, while our prudent management of costs and receivables allowed us to post strong operating cash flow of over $100 million."

Mr. Jin continued, "We are encouraged by shipment growth across key geographies. In the third quarter, we made tremendous progress in the U.S. market, where our module shipments more than tripled sequentially. We also saw healthy shipment growth in China, where installation activity increased rapidly as buyers rushed to place orders ahead of an expected reduction in solar feed-in-tariff rates. Alongside this, we maintained our strong position in Japan, where we expect to have a healthy growth trajectory going forward.

"Prudent balance sheet management through the downturn in the solar industry helped to secure the long-term health of our business," Mr. Jin added. "Now that the market is showing significant signs of improvement, we are confident that our superior product offering and bankable brand will enable us to strengthen our market position. Looking to 2014, we will continue to stringently manage our production costs and focus on gaining market share in emerging markets. We are confident that this strategy will lead to an overall improvement in our bottom-line performance in the coming quarters."

Business Outlook

For the fourth quarter of 2013, the Company expects total cell and module shipments to be between 500 MW and 550 MW. For the full year 2013, the Company revises upwards its previous shipment guidance of between 1.7 GW and 1.9 GW to between 1.9 GW and 1.95 GW.

SHANGHAI, China, Nov. 14, 2013 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it has supplied 30 MW of its solar modules to four ground-mounted projects in the United Kingdom in 2013. The projects were developed and built by British Solar Renewables, a U.K-based developer of large-scale renewable projects.

"We're delighted to have been involved in these projects in the U.K., where the increasing competitiveness of solar has generated strong demand," said Mr. Baofang Jin, executive chairman and CEO of JA Solar. "Developers throughout key markets are responding well to JA Solar's solutions that can be tailored to suit the full range of solar projects. Our continued success in the U.K. market across a range of applications, from large-scale power plants to bespoke high-efficiency solutions, is a testament to this."

Angus Macdonald, CEO of British Solar Renewables, commented, "We see continued, strong interest from investors and landowners in well-sited, high-quality, ground-mounted solar projects in the U.K. We have been impressed by the quality of JA Solar's products and are benefitting from the high performance of their modules in the field."

SHANGHAI, China, Nov. 11, 2013 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it has signed two agreements to supply a total of 70 MW of high-efficiency polycrystalline solar modules to Shanghai CSET Co., Ltd., a photovoltaic ("PV") system integrator focused on the planning, design and operation of solar PV stations, for two commercial rooftop projects in China.

According to the agreements, 20 MW of modules will be delivered in December 2013, and 50 MW will be delivered in the first quarter of 2014. The projects will utilize JA Solar's high-efficiency polycrystalline modules with an average power output of between 255 W and 260 W in a 60-cell format, which are among the most powerful modules of their kind on the market. The contract amount will be paid in full prior to delivery.

"This agreement is another sign of improving industry fundamentals and strong demand from the China market, which is expected to continue to grow rapidly in the next few years," said Mr. Baofang Jin, executive chairman and CEO of JA Solar. "JA Solar's superior product offerings and our strong relationships with project developers in China ensure we are well positioned to benefit from this growth."

SHANGHAI, China, Oct. 1, 2013 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it has supplied 5 MW of its high-efficiency 270 W monocrystalline solar modules to Ralco Energy, Ltd., a subsidiary of Ralco Group, one of Israel's largest companies. The modules will be used in a ground-mounted solar project in Israel.

"This project win is another important step for JA Solar as we continue to capitalize on opportunities in emerging solar markets," said Mr. Baofang Jin, executive chairman and CEO of JA Solar. "Israeli customers are extremely demanding in terms of product efficiency and reliability, and JA Solar's ability to offer high-quality products at a competitive price was crucial to winning this project. With a limited installation area, our high performance panels will maximize energy output and investment returns for the project owner."

Ofir Ruziak, CEO of Ralco Energy, added, "We were attracted by JA Solar's ability to provide high-efficiency, high-quality products and a tailored solution for this project. We look forward to working more closely with them to take advantage of future opportunities in the fast-growing Israeli market."

Second Quarter 2013 Financial Results

• Net revenue was RMB 1.6 billion ($258.1 million), compared to RMB 1.7 billion ($273.3 million) in thefirst quarter of 2013
• Gross margin was 8.1%, compared to gross margin of 6.0% in the first quarter of 2013
• Net loss was RMB 132.4 million ($21.6 million) and loss per diluted ADS was RMB 3.58 ($0.58), compared to loss per diluted ADS of RMB 5.29 ($0.86) in the first quarter of 2013
• Loss per diluted ADS in the second quarter of 2013 was RMB 3.58 ($0.58), compared with loss per diluted ADS of RMB 5.29 ($0.86) in the first quarter of 2013 and loss per diluted ADS of RMB 11.69 ($1.91) in the second quarter of 2012.

Mr. Baofang Jin, executive chairman and CEO of JA Solar, commented, "We were encouraged by our performance in the second quarter, with shipments exceeding the high end of our guidance despite the regulatory uncertainty in Europe. Our gross margin once again improved, benefiting from a combination of sustained cost reduction efforts and a more stable pricing environment. We also continued to exercise prudent management of our balance sheet, and posted strong operating cash flow."

Mr. Jin continued, "We were especially pleased by the continued success of our geographic diversification strategy. In the second quarter, Europe accounted for about 20% and the Americas accounted for about 8% of our total shipments. Going forward, with clarity about the regulatory environment in both markets, we're confident we can consolidate our position further. In particular, we're excited about the long-term opportunity to increase our market share in the U.S., where we have established a bankable brand.

"Japan was once again a key revenue driver for us, and customers there continue to respond well to our high-efficiency product offering in spite of increased competition. We expect to benefit from further growth in the Chinese market, where the government recently increased its target to 35 GW of cumulative solar installations by 2015. We also made significant progress in accessing new markets such as Thailand and Australia.

"With a stabilized pricing environment across key solar markets, we will continue to focus on cost reduction and efficient working capital management," Mr. Jin added. "JA Solar's well-established bankability and high-efficiency product offering have enabled us to serve the needs of an increasingly demanding market. Alongside our core manufacturing business, we are also exploring further opportunities in project development, which we hope will play an increasing role in our revenue mix in the coming years."

SHANGHAI, China, Aug. 27, 2013 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it plans to develop three solar power projects ^{totaling 300 MW in Xingtai City in China's Hebei Province.} The projects, located in Xingtai City's Lincheng, Neiqiu and Xingtai counties, will each have a capacity of 100 MW.

The Company has obtained approval from the Hebei Provincial Development and Reform Commission to develop the first 50 MW phase of the Lincheng County project. The Company has also signed framework agreements with local authorities pertaining to the projects in Neiqiu and Xingtai counties, and expects to receive rights to develop such projects by the end of this year.

"These projects are a major step forward as we look to increase the role project development plays in our overall revenue mix," said Mr. Baofang Jin, executive chairman and CEO of JA Solar. "Over the past three years, we've built up experience in engineering, procurement and construction through the successful execution of over 100 MW of solar projects, and we see project development as a complement to our manufacturing business. Going forward, we will continue to explore project opportunities both domestically and internationally alongside our core business."

SHANGHAI, China, Aug. 14, 2013 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company") today announced that it has entered into a Securities Purchase Agreement with a single institutional investor (the "Investor") to issue securities in a registered direct offering that will result in gross proceeds to the Company of up to US$96 million, before deducting the placement agent fees and estimated offering expenses. This amount does not take into account any proceeds from the Series B Warrant (as defined below), which is not exercisable for one year following the date of issuance.

Under the terms of the Securities Purchase Agreement, the Company has agreed to sell an aggregate of 15,228,425 ordinary shares, US$0.0001 par value per share, of the Company ("Ordinary Shares"), represented by 3,045,685 American Depositary Shares (each, an "ADS"), at a price of US$7.88 per ADS, which is 94% of the volume-weighted average price of the Company's ADSs on August 13, 2013. The Company has also agreed to issue to the Investor (i) a warrant to acquire up to 12,724,164 Ordinary Shares represented by 2,544,833 ADSs ("Series A-1 Warrant") within three (3) months after the issuance date at an initial exercise price of US$1.886 per Ordinary Share (equivalent to an exercise price of US$9.43 per ADS and representing an initial aggregate exercise price of up to US$24 million), subject to adjustment and subject to reset in certain circumstances, (ii) a warrant to acquire up to 12,724,164 of Ordinary Shares represented by 2,544,833 ADSs ("Series A-2 Warrant") within six (6) months after the issuance date at an initial exercise price of US$1.886 per Ordinary Share (equivalent to an exercise price of US$9.43 per ADS and representing an initial aggregate exercise price of up to US$24 million), subject to adjustment and subject to reset in certain circumstances, (iii) a warrant to acquire up to 12,724,164 Ordinary Shares represented by 2,544,833 ADSs ("Series A-3 Warrant," together with Series A-1 Warrant, Series A-2 Warrant, the "Series A Warrants") within nine (9) months after the issuance date at an initial exercise price of US$1.886 per Ordinary Share (equivalent to an exercise price of US$9.43 per ADS and representing an initial aggregate exercise price of up to US$24 million), subject to adjustment and subject to reset in certain circumstances, and (iv) a warrant to acquire up to 50,896,656 Ordinary Shares represented by 10,179,332 ADSs ("Series B Warrant," together with the Series A Warrants, the "Warrants") at an initial exercise price of US$2.18 per Ordinary Share (equivalent to an exercise price of US$10.90 per ADS and representing an initial aggregate exercise price of up to approximately US$111 million), subject to adjustment and subject to reset on the date that is nine months after the date it is issued. The Series B Warrant is not exercisable until the first day after the date that is one year following the issuance date and will expire on the second anniversary of the date the Series B Warrant becomes exercisable.

The closing of the offering is expected to take place on or about August 16, 2013, subject to satisfaction of customary closing conditions. The estimated net proceeds to the Company at the offering (without giving effect to any exercise of the Warrants), after deducting placement agent commissions and other estimated offering expenses payable by the Company, are expected to be approximately US$21.1 million. The Company intends to use the net proceeds from this offering and the proceeds of any exercise of the Warrants for general corporate purposes.

Barclays acted as the exclusive placement agent in connection with this offering.

A shelf registration statement (File No. 333-188895), as amended on August 13, 2013 (File No. 333-190598), relating to the Ordinary Shares (except the Ordinary Shares issuable upon exercise of the Series B Warrant) and the Warrants issued in the offering has been filed with and declared effective by the Securities and Exchange Commission (the "SEC"). A prospectus supplement relating to the offering will be filed by the Company with the SEC.

SHANGHAI, May 10, 2015 /PRNewswire/ -- Soventix Chile SPA and JA Solar (Nasdaq: JASO) today announced the establishment of a joint venture in Santiago de Chile that will develop large scale solar photovoltaic power projects in Chile.

Soventix GmbH is increasingly concentrating its efforts on implementing solar projects outside of Europe, especially in countries which show strong market potential due to high solar radiation and increasing energy costs.

Latin America is of special interest due to its high and growing energy demand. Soventix's local subsidiary Soventix Chile SpA is developing a portfolio of projects, currently in various stages of development and implementation, which includes a pipeline of more than 250 MW. For similar market reasons, JA Solar is also strengthening its position in Latin America.

Soventix and JA Solar see clear advantages to working together, which motivated the formation of this joint venture. For JA Solar collaboration with an established project developing company can lead to a more rapid penetration of this new market. For Soventix a partnership with one of the industry's leading module manufacturers can help in attracting capital from international investors for its projects.

The joint venture will initially cooperate on projects totaling 130 MW, all of which will use JA Solar modules.

"We are pleased to partner with a premium module manufacturer like JA Solar," said Thomas Stetter, Chief Executive Officer of Soventix Chile SpA. "Having a technically and economically strong module supplier enables us to move rapidly into the detailed engineering stage of our projects, as well as progressing in raising capital."

"A central element of our market entry strategy is to participate at the earliest stages of project development. This enables us to secure supply agreements early on, as well as to be influential in the project implementation and not act simply as a vendor," said Jian Xie, President of JA Solar.

"This operation in Chile confirms our commitment to the Latin American market, since it builds on projects we have already started developing in Mexico and Panama," added Giovanni Landi, General Manager for Project Development at JA Solar.

Both companies expect completion of the first collaborative projects in 2015.

SHANGHAI, China, Aug. 5, 2013 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that JA Solar and Jinglong Group, a related party of JA Solar, have secured a RMB 550 million credit facility from the Bank of Communications of China. Of the credit facility, RMB 250 million (US$40.8 million) will be available to JA Solar and RMB 300 million (US$48.9 million) will be available to Jinglong Group. JA Solar intends to use the credit facility for working capital and general corporate purposes.

The commitment from the Bank of Communications follows a series of incentive policies for the solar industry announced by China's State Council in July 2013, including a pledge to provide credit support to leading solar companies that have advanced technology and long-term growth potential.

Mr. Baofang Jin, executive chairman and CEO of JA Solar, who is also chairman of Jinglong Group, commented, "This credit facility demonstrates JA Solar's healthy access to capital and ongoing support from the banking community. It also highlights the value of JA Solar's relationship with Jinglong Group. We remain focused on maintaining a strong balance sheet as we continue to build our footprint across key growth markets."

Currency Convenience Translation

This announcement contains translations of certain amounts in Renminbi into U.S. dollars, at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from Renminbi to U.S. dollars are made at a rate of RMB 6.1316 to US$1.00, the effective noon buying rate as of July 26, 2013 in the City of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York.

First Quarter 2013 Financial Results

• Net revenue was RMB 1.7 billion ($270.0 million), compared to RMB 1.7 billion ($268.9 million) in thefourth quarter of 2012
• Gross margin was positive 6.0%, compared to gross margin of negative 4.6% in the fourth quarter of 2012
• Operating loss was RMB 85.2 million ($13.7 million), compared to operating loss of RMB 493.9 million ($79.5 million) in the fourth quarter of 2012
• Net loss was RMB 206.5 million ($33.3 million), of which net loss attributable to ordinary shareholders was RMB 204.3 million ($32.9 million)
• Loss per diluted ADS was RMB 5.29 ($0.85), compared to loss per diluted ADS of RMB 15.06 ($2.42) in the fourth quarter of 2012

Mr. Baofang Jin, executive chairman and CEO of JA Solar, commented, "Shipments exceeded the high end of guidance in the first quarter thanks to solid sales across our key markets, particularly in regions with higher ASPs, resulting in improved gross margins and a significant reduction in net loss."

Mr. Jin continued, "We performed especially well in Japan, a high-ASP market, which accounted for a record 38% of our module shipments in the quarter, while module sales to China declined from last quarter due to seasonality and our shift in focus to markets with more attractive margins. We also made further inroads into emerging markets, including in the Asia Pacific, the Middle East, and Africa."

"While conditions remain challenging, we are confident that our strength across key markets will continue to drive solid performance, and our emphasis on stringent management of cash and our balance sheet should ensure the long-term success of our business," Mr. Jin added. "Having successfully repaid $119 million of our convertible notes in May, we are continuously evaluating our financing options to ensure we have the cash needed to solidify our market-leading position, while maintaining a healthy balance sheet. Going forward, JA Solar's combination of superior product offerings and prudent financial management will continue to help us further expand our global footprint and customer base."

SHANGHAI, China, May 16, 2013 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it has repaid at maturity a total of $119 million, comprising the principal amount and accrued interest, of its 4.5% convertible notes due May 15, 2013.

"JA Solar is committed to meeting all of our debt obligations and managing our balance sheet prudently to protect the interests of our stakeholders," said Mr. Baofang Jin, executive chairman and CEO of JA Solar. "The successful repayment of these convertible notes is a testament to our solid business execution and financial strength. While market conditions remain challenging, we are confident that JA Solar's combination of industry-leading high-performance products and stringent financial management will make us a long-term winner in the global solar industry."

SHANGHAI, China, Sept. 26, 2012 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd., (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it has commenced solar module shipments from successful bids totaling 90MW with China Power Investment Corporation ("CPI"). The Company has signed supply agreements with subsidiaries of CPI for an initial 40MW of modules, delivery of which is expected to be completed by the end of 2012. JA Solar's total of 90MW in successful bids makes it the largest single bid winner from a 200MW tender offered by CPI.

Dr. Peng Fang, CEO of JA Solar, said, "China is one of the most important growth engines in the global solar industry, and this cooperation with a major utility company demonstrates our strong position in this promising market. Like their peers in other markets, project developers in China demand that their suppliers offer quality, reliability, affordability and financial stability. JA Solar's ability to deliver across all these criteria ensures that we are well positioned for strong growth here."

Aslo announced another shipment....

SHANGHAI, China, Sept. 26, 2012 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it has commenced solar module shipments from successful bids totaling 70MW with China Guangdong Nuclear Solar Energy Development Co., Ltd. ("CGN"). The Company has signed supply agreements with subsidiaries of CGN for an initial 30MW of modules, delivery of which is expected to be completed by the end of 2012. The modules will be used in projects in China's Qinghai and Xinjiang provinces. JA Solar's total of 70MW in successful bids makes it the largest single bid winner in a 150MW tender offered by CGN.

Dr. Peng Fang, CEO of JA Solar, said, "This cooperation with CGN, one of China's largest utility companies, is yet another clear sign that project developers in China increasingly recognize JA Solar for the reliability and affordability of our world-class product offering. Combined with our stable financial position, this forms a solid foundation for JA Solar's continued long-term growth in this promising market."

SHANGHAI, China, Sept. 24, 2012 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that, during the third quarter of 2012, the Company purchased its 4.5% senior convertible notes ("Senior Notes") with an aggregate face value of US$89.2 million.

The Company's Senior Notes, which were offered in May 2008 with an aggregate principal amount of US$400 million, will mature on May 15, 2013, unless repurchased by the Company or converted in accordance with terms and conditions prior to such date. As of June 30, 2012, the total face value of the Company's Senior Notes was US$219.7 million. As of the date of this release, the Company had successfully reduced the total face value of its outstanding Senior Notes to US$130.5 million.

Dr. Peng Fang, CEO of JA Solar, said, "This repurchase of our Senior Notes demonstrates JA Solar's solid financial position and our ability to meet our financing obligations in the long term. This is also an important part of our efforts to maintain one of the healthiest balance sheets in the industry."

Second Quarter 2012 Results

• Revenue in the second quarter of 2012 was RMB 1.8 billion ($284.4 million), an increase of 12.8% from RMB 1.6 billion ($252.2 million) in the first quarter of 2012, and a decrease of 32.3% from RMB 2.7 billion ($420.1 million) in the second quarter of 2011.
• Loss per diluted ADS in the second quarter of 2012 was RMB 2.34 ($0.37), compared with loss per diluted ADS of RMB 1.28 ($0.20) in the first quarter of 2012 and loss per diluted ADS of RMB 1.39 ($0.22) in the second quarter of 2011.

Dr. Peng Fang, CEO of JA Solar, commented, "In the second quarter, JA Solar achieved shipments in line with the low end of our guidance and maintained a healthy financial position despite the challenging market environment. Gross margin increased to 4.8% from 2.1% in the first quarter, as a result of our cost reduction efforts and increased operating efficiency. This quarter, modules accounted for more than 60% of revenues and more than 55% of shipments for the first time in our history. Although not as severe as in previous quarters, the downward pressure on pricing continued. In light of this, we focused on sustaining a healthy balance sheet and building our footprint in key growth markets."

"In Europe, JA Solar is benefiting from the continued strength of the German market, and the growth in installation activity in new markets like the United Kingdom. We continue to work with our overseas manufacturing partners to supply the United States, but remain cautious given the lack of clarity about the impact of potential tariffs. At the same time, we have been successful in developing new customers in Canada. We are quickly building momentum in the promising Japanese market, where we have a strong position in both the rooftop and megawatt-scale solar farm segments. The new office we opened in Japan in August will allow even closer cooperation with our partners there. Along with China, where installation growth remains very encouraging, Japan should be an important growth market for JA Solar in the coming quarters."

"While we recorded a loss for the quarter due to the unfavorable pricing environment, we continue to actively manage costs and operating expenses and have one of the strongest balance sheets in the industry. Our prudent approach to cash management throughout the current downturn has ensured that we have one of the best debt-to-asset ratios among our peers. Looking to the third quarter, our outlook on the market is cautious in light of uncertainty in the United States and shifting dynamics in European markets, and we have revised our guidance for the full year accordingly. Nevertheless, our robust balance sheet, expansion in key growth markets, close partnerships, and strong customer demand for our modules and cells underline our conviction that JA Solar will be a long-term industry winner. Looking to the third quarter, we remain focused on maintaining a healthy cash position while continuing aggressive expansion into key growth markets."

Business Outlook

For the third quarter of 2012, the Company expects total cell and module shipments to be between 350 MW and 370 MW. For the full year 2012, the Company now expects total cell and module shipments to be between 1.5 GW and 1.8 GW, compared with the previously provided full year guidance of 1.8 GW to 2.0 GW. The revised estimates reflect the Company's prioritization of maintaining a healthy financial position over short-term shipment gains.

SHANGHAI, China, July 30, 2012 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that it entered into a share transfer agreement (the "Agreement") on July 23, 2012 with M.SETEK Co., Ltd. ("M.SETEK"), a polysilicon and solar wafer manufacturer in Japan controlled by AU Optronics Corp. (TAIEX:2409) (NYSE:AUO). Pursuant to the Agreement, M.SETEK will transfer its 65% equity interest in Hebei Ningjin Songgong Semiconductor Co., Ltd. ("Ningjin Songgong") to JA Solar Hong Kong Limited ("JA Hong Kong"), a wholly-owned subsidiary of the Company, for RMB247.0 million (US$38.9 million).

The parties expect to complete the share transfer by the end of this year, subject to possible government approval. The parties have been liaising with the Anti-monopoly Bureau of the Ministry of Commerce of the People's Republic of China to evaluate the necessity of an antitrust filing of the transaction under PRC law.

The share transfer is part of an arrangement with M.SETEK to settle outstanding prepayments made by the Company to M.SETEK for polysilicon supply, following an assignment by the Company of such claim over the outstanding prepayment to JA Hong Kong. Due to a magnitude-9 earthquake in Japan and a consequent tsunami, M.SETEK failed to make the majority of the scheduled delivery of polysilicon to the Company. M.SETEK subsequently entered into a framework agreement with the Company in March 2012 to settle outstanding prepayments of US$69.1 million (RMB438.7 million).

Under the framework agreement, M.SETEK agreed to (i) use the dividends distributed by Ningjin Songgong to repay part of the prepayments, (ii) transfer its 65% equity interest in Ningjin Songgong to the Company at an appraisal price, which will be used to offset part of the remaining unused prepayments, and (iii) continue to deliver polysilicon to fully utilize the remaining unused prepayments, if any. Full release.

SHANGHAI, China, June 14, 2012 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announced that its board of directors has approved a share repurchase program, effective immediately, that authorizes JA Solar to repurchase up to a US$100 million worth of its issued and outstanding American Depositary Shares ("ADSs") prior to September 30, 2012.

The program permits the Company to purchase ADSs from time to time prior to September 30, 2012 on the open market at prevailing market prices, in accordance with applicable securities laws and subject to restrictions relating to volume, price and timing.

First Quarter 2012 Highlights

• Shipments were 366 MW, above the high end of the Company's previous guidance of 350 MW and a decrease of 8.1% from the fourth quarter of 2011
• Net revenue was RMB 1.6 billion ($254.4 million), compared to RMB 1.95 billion ($309.0 million) in the fourth quarter of 2011
• Gross margin, including provisions for potential countervailing and anti-dumping duties totaling $2.9 million, was 2.1%, compared to gross margin of 0.5% in thefourth quarter of 2011
• Operating loss was RMB 159.1 million ($25.3 million), compared to operating loss of RMB 487.6 million ($77.4 million) in the fourth quarter of 2011
• Net loss was RMB 250.9 million ($39.8 million) and loss per diluted ADS was RMB 1.28 ($0.20), compared to loss per diluted ADS of RMB 2.45 ($0.39) in the fourth quarter of 2011
• Operating cash flow was RMB 114.8 million ($18.2 million), compared to RMB 545.3 million ($86.6 million) in the fourth quarter of 2011
• Cash and cash equivalents at the end of the quarter were RMB 4.3 billion ($676.2 million), compared to RMB 3.9 billion ($617.6 million) at the end of the fourth quarter of 2011

Dr. Peng Fang, CEO of JA Solar, commented, "Despite the seasonal impact of the Chinese New Year holiday, we achieved shipments of 366 MW in the first quarter, above the high end of our previous guidance. Our results for the first quarter demonstrate the effectiveness of our strategy to ensure JA Solar's long-term sustainability through the current volatile market environment. Through prudent balance sheet management, we recorded positive operating cash flow of RMB 114.8 million. With industry-wide overcapacity continuing, we nevertheless recorded positive gross margin and positive EBITDA. This enabled us to maintain a relatively healthy balance sheet � one of the strongest in the industry � which gives customers and financial institutions confidence in JA Solar as a long-term partner. Across the industry, we have seen a shift where customers are seeking quality suppliers who can demonstrate both financial and technological strength. Going forward, we expect that JA Solar will increasingly benefit from this trend, as we build our presence in key markets and grow demand for our high-efficiency products.

"Demand for our cells and modules remains strong. In Germany and Italy, sales in the first quarter were above our expectations. In both markets we see a trend towards rooftop installations, to which JA Solar's high-efficiency product offerings are ideally suited. In the first quarter we also focused on expansion into promising new markets such as Japan, India and the Middle East. We expect that Japan, for example, will be an important market for JA Solar. Few suppliers can meet Japanese customers' rigorous standards for product quality and reliability, and our continued growth in this market is a testament to the superiority of our offering. We now have a local sales team on the ground, which is working to build out our fruitful relationships with Japanese customers, and we expect to record meaningful shipments to Japan in the coming quarters. In China, we have carefully nurtured strong partnerships with some of the leading project developers and EPCs and we expect shipments to Chinese customers to increase substantially in 2012.

"While we are disappointed by the U.S. Department of Commerce's preliminary decision on anti-dumping duties last month, since last year we have worked to ensure that JA Solar is relatively insulated from the impact of this ruling. The majority of our products sold in the U.S. market in the first quarter contained cells produced by our partners outside of mainland China. Therefore, our exposure to potential government tariffs is relatively small and we believe that JA Solar is significantly less exposed than our peers. We estimate that less than 10 MW of the products we shipped to the U.S. in Q1 will be subject to tariffs if the provisional ruling is ratified, and we have recorded a related provision of approximately $2.9 million in the first quarter.

"Globally, we have seen that both potential and existing customers are increasingly relying on strong and dependable Tier One suppliers. I'm therefore confident that JA Solar's strong balance sheet, prudent cash management strategy, and high-quality product offerings that are well suited to changing industry demands, position us for long-term success."

Business Outlook

For the second quarter of 2012, the Company expects total cell and module shipments to be between 420 MW and 440 MW. The Company's full year guidance of 1.8 GW to 2 GW remains unchanged.

SHANGHAI, China, Feb. 16, 2012 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd., (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar cells and solar power products, today announced that it has supplied 23MW of solar modules to a utility-scale photovoltaic project in the city of Lingwu, Ningxia province, China.

Jointly developed by the Angli Group and China Datang Corporation ("Datang"), this project qualifies for a feed-in tariff of RMB1.15/kwh under the FiT program introduced by China's National Development and Reform Commission (NDRC) in August 2011.

"We are pleased that JA Solar's high quality PV modules were selected by Angli Group and Datang, one of China's leading independent power producers, for their utility-scale project in Ningxia. China's feed-in tariff program is creating an increasingly attractive IRR for solar projects, and we are seeing strong growth in installation activity across the country," said Dr. Peng Fang, CEO of JA Solar. "We are confident that China will grow to be a multi-gigawatt market in 2012 and for the foreseeable future, and we believe that JA Solar is ideally positioned to benefit from this rapid growth. As one of the world's leading suppliers of high-quality, low-cost solar products, JA Solar combines local market knowledge with global industry expertise, making us the natural partner for China's solar project developers."

SHANGHAI, China, Dec. 29, 2011 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd., (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar cells and solar power products, today announced that it has entered into an agreement with Solarhybrid AG (Frankfurt:SHL) ("Solarhybrid"), a Germany-based project developer and general contractor for turn-key utility-scale solar power projects, to supply 19 MW of solar modules to Solarhybrid's Allstedt I solar power plant in Halle, Germany. JA Solar is the exclusive solar module supplier to the project.

Under the terms of the agreement, JA Solar will supply Solarhybrid with approximately 19 MW of high-efficiency PV modules. Located on a former military airfield in Germany, the Allstedt I solar power plant is expected to generate 19,030,000 kWh of electricity annually and reduce CO2 emissions by 266,381 tons over a service period of 20 years. The power plant is scheduled to be connected to the grid and commence operation by the end of this year.

"We are delighted to work with Solarhybrid as the exclusive module supplier to the Allstedt I solar power project," commented Dr. Peng Fang, CEO of JA Solar. "As this project demonstrates, demand and support for solar energy are strong in Germany. We look forward to working closely with Solarhybrid to ensure the success of this project and to take advantage of future growth opportunities in Germany and beyond."

Tom Schroder, CEO of Solarhybrid, said: "Following a stringent supplier selection process, we are very pleased to choose JA Solar, a proven provider of industry leading solar products, as our partner for this project. JA Solar's cost-effective, high-efficiency solutions will enable us to maximize the return on investment in this project. With JA Solar's support, we look forward to opening the Allstedt I power plant by end of this year."

JA Solar expects total module shipments to Solarhybrid to reach approximately 40 MW in 2011, including 19 MW of modules for the Allstedt I project.

SHANGHAI, China, Dec. 12, 2011 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd., (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar cells and solar power products, today announced that it has signed a cooperation agreement with TÜV SÜD, one of the world's leading providers of testing and certification services. Under the terms of the agreement, JA Solar and TÜV SÜD will cooperate on a range of product and system testing and certification initiatives, including the establishment of a TÜV SÜD-accredited testing facility at JA Solar's Fengxian facility in Shanghai. JA Solar is the first Chinese solar company to sign a strategic cooperative agreement with TÜV SÜD.

SHANGHAI, China, Dec. 1, 2011 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd., (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar cells and solar power products, today announced that it has successfully completed its previously announced acquisition of Silver Age Holdings Limited, a British Virgin Islands company that owns 100% of Solar Silicon Valley Electronic Science and Technology Co., Ltd. ("Solar Silicon Valley"), a leading producer of mono-crystalline solar wafers based in China.

JA Solar issued 30.901 million ordinary shares to the sellers, including Jinglong Group Co., Ltd., an affiliate of the Company, as consideration.

Third Quarter 2011 Results

• Revenue in the third quarter of 2011 was RMB 2.5 billion ($388.0 million), a decrease of 7.3% compared to RMB 2.7 billion ($418.5 million) in the second quarter of 2011 and a decrease of 31.6% from RMB 3.6 billion ($567.4 million) reported in the third quarter of 2010.
• Loss per diluted ADS in the third quarter of 2011 was RMB 2.28 ($0.36), compared with loss per diluted ADS of RMB 1.39 ($0.22) in the second quarter of 2011 and earnings per diluted ADS of RMB 3.14 ($0.49) in the third quarter of 2010.

Dr. Peng Fang, CEO of JA Solar, commented, "This continues to be a challenging period for the solar industry, but we are heartened that JA Solar has been able to retain customers and maintain strong market share in the third quarter. While ongoing macro-economic and industry volatility continued to restrain demand, overall product shipments were at the low end of our guidance at 445MW. With the European debt crisis limiting the amount of financing available for solar power projects, we did not see the anticipated demand recovery in major European markets during the month of September. However, JA Solar performed relatively well as customers increasingly relied on top tier suppliers with strong liquidity. In the current market environment, where customers have more choices of products and suppliers, we have seen customers shifting more of their orders to suppliers who can deliver high power products together with a strong brand, a reputation for quality, and a healthy balance sheet. JA Solar's suite of industry-leading high-performance products gives us a clear advantage and this is particularly evident in our module shipments for the third quarter, which grew by more than 45% sequentially. Our gross margin for the quarter has been impacted by an inventory provision of US$21.7 million. Excluding this inventory provision, gross margin would have been positive."

Dr. Fang continued, "As a result of on-going macro-economic and industry uncertainty, visibility in the near term is limited. We remain confident that we can outperform our peers by building on our already strong relationships with our diverse global customer base, and maintaining our long-term partnerships with leading solar companies internationally. JA Solar is also committed to ensuring operational efficiency by continuing our cost optimization efforts, reducing inventory, and producing to order. We believe that these efforts, supported by our healthy cash position and balance sheet strength, will ensure that JA Solar is well positioned to benefit when market conditions improve."

Outlook

Solar cell and module shipments in the fourth quarter are expected to be in the range of approximately 310 MW to 330 MW. The Company currently estimates that total cell and module shipments for full year 2011 will be approximately 1.6 GW. This compares to the Company's previous guidance of 1.8 GW.

Second Quarter 2011 Results

• Second quarter shipments of 401MW, an increase of 28.9% year-over-year and a decrease of 11.1% sequentially
   
• Second quarter revenue of $413.0 million, an increase of 12.1% year-over-year and a decrease of 26.7% sequentially
   
• Gross margin of negative 2.7%, compared to 17.3% in the first quarter of 2011
   
• Operating loss of $31.3 million and operating margin of negative 7.6%
   
• Second quarter net loss of $35.4 million and diluted loss per ADS of $0.22
   
• Strong balance sheet with a cash balance of $616.9 million and working capital of $872.4 million

Dr. Peng Fang, CEO of JA Solar, commented, "Our second quarter results reflect the market disruption that resulted from generally lower than anticipated installation levels in Germany and recent policy changes in Italy. Despite that challenging environment in the European market, demand for our high-efficiency, low-cost products remained healthy and ensured that we met our shipment goals. However, our gross margin and bottom line have been impacted by worse than anticipated market conditions and inventory provisions."

Dr. Fang continued, "In recent weeks, we have seen signs of market recovery with both orders and volume shipments increasing across our diverse customer base. Our strategic partners and key customers continue to value JA Solar's unyielding focus on technology leadership, innovation, quality, and customer service. We are particularly pleased to see growing demand for JA Solar's high-efficiency products, which underscores the success of our ongoing efforts to improve solar cell conversion efficiencies. With this healthy demand from our customers, we expect shipment volumes to increase in the second half of this year compared to the first half. We are also encouraged by a reduction in key raw material costs, as we continue to make progress on achieving our cost reduction targets. We have strong liquidity, with a cash balance in excess of $600 million, and we are confident JA Solar is well positioned to take advantage of growth opportunities as the solar market recovers."

Outlook

Solar cell and module shipments in the third quarter are expected to be in the range of approximately 450MW to 470MW. The Company's current estimate for total cell and module shipments for full year 2011 is expected to be approximately 1.8GW. This compares to the company's previous guidance of 2.2GW.

JA Solar announces Share Repurchase Program

Board of directors has approved a share repurchase program, effective immediately, that authorizes JA Solar to repurchase up to US$100 million of its American Depositary Shares, or ADSs.

The program permits the Company to purchase ADSs from time to time on the open market at prevailing market prices, in negotiated transactions off the market, and in block trades, in accordance with applicable securities laws and subject to restrictions relating to volume, price and timing.

"We are confident in JA Solar's long-term prospects because we believe that our financial and technological strengths, long-term relationships with the major players across the solar value chain, and unique position as the low cost leader in the solar industry, mean that our company is well-placed to benefit as the sector recovers," said Dr. Peng Fang, CEO of JA Solar. "Today's announcement demonstrates both that confidence for the future and our ongoing commitment to enhancing value for our shareholders."

SHANGHAI, China, Aug. 8, 2011 (GLOBE NEWSWIRE) -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar cells and solar power products, today announced selected preliminary unaudited financial results for the second quarter of 2011.

Shipments for the second quarter of 2011 are expected to be approximately 400MW, in line with the Company's previously provided shipment guidance. Gross profits were affected by inventory provisions recorded on high-cost inventory. As a result, gross margin is expected to be in a negative low single digit range.

"Despite a challenging market environment as a result of changes in solar subsidy regulations in Italy and slower than expected growth in market demand in Germany, we met our shipment targets for the second quarter. Our gross margin was negatively impacted by a worse than anticipated decline in average selling prices, and the impact of high-cost inventory provisions for the quarter," said Dr. Peng Fang, CEO of JA Solar. "Since July, we have seen promising signs that both orders and volume shipments have increased across our diverse customer base. Geographies such as Germany, the United States and China are expected to be particularly strong in the second half of this year. With demand for our high-efficiency products growing, we expect shipment volumes to increase significantly in the second half of this year compared to the first half. As market conditions stabilize, we continue to execute on our accelerated cost reduction roadmap and we expect gross margins in the second half of the year to improve significantly from second quarter levels."

We have financed our operations primarily through equity contributions by our shareholders through our initial and follow-on public offerings, the 2008 Senior Notes, short-term and long-term bank borrowings and cash flow from operations.

We believe that current cash and cash equivalents and anticipated cash flow from operations will be sufficient to meet our anticipated cash needs, including our cash needs for working capital and capital expenditures, for at least the next twelve months. We may, however, require additional cash to repay existing debt obligations or to re-finance our existing debts or due to changing business conditions or other future developments.

We expect that purchase of property and equipment for our planned expansion in manufacturing capacity will continue to constitute a significant portion of our capital expenditure. As of December 31, 2010, we had contracted for capital expenditures on machinery and equipment of RMB 1,357.5 million. We estimate that our capital expenditures in 2011 will be approximately RMB 2.3 billion, which will be used primarily for the expansion of our solar product manufacturing facilities. In addition, we expect to expend approximately RMB 812 million in 2011 to develop our Hefei manufacturing center. We plan to fund the balance of our 2011 capital expenditure substantially with cash from operations and additional borrowings from third parties.

First Quarter Results:

• First quarter shipments of 451MW, an increase of 65.8% year-over-year and a decrease of 2.6% sequentially
• First quarter revenue of $556 million, an increase of 91.2% year-over-year and a decrease of 5.5% sequentially
• Gross margin of 17.3%, down from 19.2% in the fourth quarter of 2010
• Operating income of $83.3 million and operating margin of 15.0%
• First quarter net income of $71.8 million and GAAP diluted EPS of $0.41
• Strong balance sheet with cash balance of $422.2 million and working capital of $711.8 million

 "Despite the seasonally weaker first quarter and uncertainties surrounding Italy's solar policies, our first quarter performance illustrates that our strategic partners continue to recognize our clear market leadership on costs and technology," said Dr. Peng Fang, CEO of JA Solar. "Shipments in the first quarter were slightly below our previously announced estimates, primarily due to factory shutdowns during the week-long Chinese New Year holiday which had a stronger impact than anticipated on solar cell production output and shipping schedules. However, overall shipments for the quarter remained more or less in line with production volume. This sustained demand for our products highlights the success of our strategy of developing long-term strategic partnerships with the leading solar players across the global solar markets. Underpinning this is our unique position as the industry's low cost leader, and we are confident that in the future we can achieve even greater production efficiencies and drive costs down further."

Fourth Quarter Highlights:

• Revenue in the fourth quarter of 2010 was RMB 3.9 billion ($584.3 million), an increase of 6.6% compared to RMB 3.6 billion ($548.3 million) reported in the third quarter of 2010 and an increase of 137% from RMB 1.6 billion ($246.5 million) reported in the fourth quarter of 2009.
• Gross profit in the fourth quarter of 2010 was RMB 740.4 million ($112.2 million), compared with RMB 816.0 million ($123.6 million) in the third quarter of 2010 and RMB 335.0 million ($50.8 million) in the fourth quarter of 2009.
• Operating income in the fourth quarter of 2010 was RMB 590.7 million ($89.5 million), compared with RMB 669.3 million ($101.4 million) in the third quarter of 2010 and RMB 246.7 million ($37.4 million) in the fourth quarter of 2009.
• Earnings per diluted ADS in the fourth quarter of 2010 were RMB 3.90 ($0.59), an increase of 24% compared with RMB 3.14 ($0.48) in the third quarter of 2010 and an increase of 366% compared with RMB 0.84 ($0.13) in the fourth quarter of 2009.

Based on strong customer demand for JA Solar's products and a number of new customer wins, the Company currently expects total cell and module shipments to exceed 2.2GW in 2011, representing an increase of approximately 50% compared to 2010. Module shipments are expected to be approximately 500MW to 600MW. Sales contracts signed to date for 2011 delivery amount to more than 2GW, representing approximately 90% of the Company's expected shipments for 2011.

Third Quarter 2010 Financial Results

• Third quarter 2010 revenue was a record RMB 3.6 billion ($541.0 million), a sequential growth of 52 percent from RMB 2.4 billion ($356.0 million) reported in the second quarter. This compares with revenue reported in the third quarter a year ago of RMB 1.3 billion ($197.2 million).  Total shipments in the third quarter of 2010 were 418MW, compared with the second quarter shipments of 311MW, representing an increase of 34 percent. Compared with third quarter shipments a year ago of 177MW, total shipment increase was over 136 percent.
   
• GAAP earnings per diluted ADS in the third quarter were RMB 3.14 ($0.47), compared with RMB 1.20 ($0.18) in the second quarter of 2010, representing an increase of over 161 percent. Change in fair value of derivatives, a non-cash expense, totaled a RMB 37.7 million ($5.6 million) loss in the third quarter compared with a RMB 34.0 million ($5.1 million) loss in the second quarter. The non-cash impact of the change in fair value of derivatives was RMB 0.23 ($0.03) per diluted ADS in the third quarter. The impact of significant non-cash items including a provision for prepayments to Shunda and change in fair value of derivatives was RMB 0.61 ($0.09) per diluted ADS in the second quarter.

"We are pleased to deliver our fifth consecutive quarter of record shipments, with strong operating and financial results that exceeded our previous guidance," said Dr. Peng Fang, CEO of JA Solar. "JA Solar has achieved the one gigawatt shipment milestone in the first three quarters of 2010 and we will continue to deliver high quality, technologically advanced photovoltaic products to fulfill the fast growing global demand for clean energy. We continued to strengthen our market leadership by expanding our annual cell manufacturing capacity to 1.8 gigawatts at the end of September, and we recently reached 1.9 gigawatts of solar cell capacity, ahead of our capacity expansion schedule. 

"Business momentum and visibility continues to be strong, and we are seeing robust demand for our high quality products from both existing and new customers. As we continue to develop strong partnerships with leading international solar companies, we are expanding our customer base worldwide, with strong growth in several geographic end markets including, The United States, Canada, Italy, Japan, Australia, China and India. We believe our strategy of partnering with well established solar companies with strong presence in these geographies will help us to further capture market share and participate in the growth of these new markets," he said. 

Outlook

Based on strong demand for JA Solar's products, the company is raising its outlook for the full year of 2010. The company currently expects shipments to exceed 1.45GW in 2010, compared with prior guidance of 1.35GW. Shipments in the fourth quarter of 2010 are expected to be approximately 450MW. 

Based on strong customer orders and higher than anticipated production and shipments during the third quarter, JA Solar expects its third quarter 2010 shipments to exceed 410 MW, above its previous shipment guidance of 375MW given on Aug. 10, 2010.

The new guidance represents approximately 31.8 percent higher shipment compared with second quarter 2010 shipment of 311MW, and approximately 131.6 percent growth over third quarter 2009 shipment of 177MW.

"We are pleased with our second quarter results, which reflect our success in growing JA Solar's customer base and our market share," said Baofang Jin, JA Solar's chairman and CEO. "JA Solar continues to offer high quality products at a very competitive price, afforded by our industry-leading technology and cost structure. We are also pleased that because of our focus on operations and cost reductions, we were able to show gross margin improvement in the second quarter," he said.

"Looking ahead, we are seeing significant signs of market improvement in both end-market demand and financing. We believe our cost structure and customer relationships will drive even stronger third quarter results," he said.

Source: PR Newswire (August 12, 2009)

Guidance Update:

The first quarter results and the continuing market uncertainty are translating into less visibility for the coming quarters. At this time, JA Solar believes it is unlikely to achieve the results as given in the 2009 guidance provided on March 10, 2009, which was for revenue of $830 million to $952 million and production output of 500 MW to 550 MW. JA Solar has no plans to give further guidance on its 2009 revenue or production unless and until the company has better visibility of the global solar market conditions in the coming quarters.

Source: PR Newswire (May 19, 2009)

Guidance Report:

Full Year Fiscal 2009 Guidance Ending December

	2009 Guidance	2008 Reported	Period Change
GAAP Revenue	$830 to $952 million	$800.0 million	3.75% to 19%

Source: PR Newswire (March 10, 2009)