View ValuationJA Solar Technology 将来の成長Future 基準チェック /36JA Solar Technology利益と収益がそれぞれ年間65.3%と12.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に9.6% 64.9%なると予測されています。主要情報65.3%収益成長率64.93%EPS成長率Semiconductor 収益成長47.8%収益成長率12.4%将来の株主資本利益率9.64%アナリストカバレッジGood最終更新日22 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBuy Or Sell Opportunity • May 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 22% to CN¥9.36. The fair value is estimated to be CN¥11.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 19% in a year. Earnings are forecast to grow by 64% in the next year.お知らせ • Apr 29JA Solar Technology Co., Ltd., Annual General Meeting, May 27, 2026JA Solar Technology Co., Ltd., Annual General Meeting, May 27, 2026, at 15:30 China Standard Time. Location: 8F, Building 8, Nuode Center, Yard No. 1, Motor Museum East Road, Fengtai District, Beijing Chinaお知らせ • Mar 31JA Solar Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026JA Solar Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Dec 31JA Solar Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026JA Solar Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026お知らせ • Sep 30JA Solar Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025JA Solar Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025お知らせ • Aug 23JA Solar Technology Co., Ltd. (SZSE:002459) announces an Equity Buyback for CNY 400 million worth of its shares.JA Solar Technology Co., Ltd. (SZSE:002459) announces a share repurchase program. Under the program, the company will repurchase CNY 400 million worth of its shares. The shares will be repurchased at a price not more than CNY 17.36 per share. The purchases will be funded from Own Funds and Self-Financing. The shares repurchased will be used for ESOP or equity incentives. The repurchase program will be valid for 12 months.お知らせ • Jul 02JA Solar Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025JA Solar Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025お知らせ • Jun 09JA Solar Technology Co., Ltd., Annual General Meeting, Jun 30, 2025JA Solar Technology Co., Ltd., Annual General Meeting, Jun 30, 2025, at 15:00 China Standard Time. Location: 8F, Building 8, Nuode Center, Yard No. 1, Motor Museum East Road, Fengtai District, Beijing Chinaお知らせ • Mar 31JA Solar Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025JA Solar Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025お知らせ • Jan 31JA Solar Technology Co., Ltd. Debuts Next-Generation n-Type TOPCon Module DeepBlue 5.0JA Solar Technology Co., Ltd. launched its latest innovation, the DeepBlue 5.0 PV module in January. With its significant advancements in efficiency, reliability, and adaptability, the DeepBlue 5.0 marks a transformative step forward in PV technology. Leveraging the advanced Bycium+ 5.0 cell technology, the DeepBlue 5.0 integrates multiple cutting-edge technologies, such as upgraded electrical architecture, optimized material enhancements, and structural refinements. These innovations enable a module power up to 670W and module efficiency up to 24.8%. The module also boasts superior performance in low-light environments and complex weather conditions, ensuring stable energy output across diverse applications. The DeepBlue 5.0 is built on innovative optical absorption and electrical optimization techniques, reducing the Levelized Cost of Energy by up to 4.3% compared to its predecessor, DeepBlue 4.0 Pro. JA Solar has enhanced the module across three critical areas. The wafer offers improved resistivity uniformity, ultra-low oxygen content (3 ppma), and superior minority carrier lifetime. The Bycium+ 5.0 cell features high-efficiency n-type passivated contact technology, optimized light absorption, and an ultra-high open-circuit voltage of 749 mV. The module incorporates innovations such as PII, HDP, UTG, and CSE technologies, ensuring exceptional durability and reliability in extreme conditions. With a first-year degradation rate of =1% and annual linear degradation of =0.4%, the DeepBlue 5.0 sets a new benchmark for efficiency and performance. The DeepBlue 5.0 modules are scheduled for mass production in Fourth Quarter 2025, with initial power ratings ranging from 640W to 670W. Designed to meet the growing demand for high-efficiency modules in premium markets, the DeepBlue 5.0 aims to deliver unparalleled value for utility-scale, commercial, and residential PV projects worldwide.お知らせ • Dec 31JA Solar Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025JA Solar Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025New Risk • Nov 01New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.59 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.59 in 3Q 2023). Revenue: CN¥17.0b (down 11% from 3Q 2023). Net income: CN¥389.8m (down 80% from 3Q 2023). Profit margin: 2.3% (down from 10% in 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Oct 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥16.59, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 56% over the past three years.お知らせ • Sep 30JA Solar Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024JA Solar Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024New Risk • Sep 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 136% Paying a dividend despite having no free cash flows. High level of non-cash earnings (37% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin).New Risk • Sep 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 136% Paying a dividend despite having no free cash flows. High level of non-cash earnings (37% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin).Reported Earnings • Aug 31Second quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.68 profit in 2Q 2023)Second quarter 2024 results: CN¥0.12 loss per share (down from CN¥0.68 profit in 2Q 2023). Revenue: CN¥21.4b (up 5.0% from 2Q 2023). Net loss: CN¥391.4m (down 118% from profit in 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings.お知らせ • Jun 29JA Solar Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024JA Solar Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥11.53, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 31x in the Semiconductor industry in China. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.81 per share.お知らせ • May 25JA Solar Technology Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 30 May 2024JA Solar Technology Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares) of cash dividend (tax included) of CNY 5.63000000 per 10 shares. Record date is 29 May 2024; Ex-date is 30 May 2024; Payment date is 30 May 2024.Reported Earnings • May 02First quarter 2024 earnings released: CN¥0.15 loss per share (vs CN¥0.79 profit in 1Q 2023)First quarter 2024 results: CN¥0.15 loss per share (down from CN¥0.79 profit in 1Q 2023). Revenue: CN¥16.0b (down 22% from 1Q 2023). Net loss: CN¥482.8m (down 119% from profit in 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • May 02JA Solar Technology Co., Ltd. Proposes Final Dividend for 2023JA Solar Technology Co., Ltd. profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 5.63000000.お知らせ • May 01JA Solar Technology Co., Ltd., Annual General Meeting, May 21, 2024JA Solar Technology Co., Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: 8F, Building 8, Nuode Center, Yard No. 1, Motor Museum East Road, Fengtai District, Beijing Chinaお知らせ • Mar 30JA Solar Technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024JA Solar Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024お知らせ • Mar 27JA Solar Launches Module Shipment for the First N-Type PV Project in BangladeshJA Solar, has successfully launched module shipment for the "Bangladesh HKGE 48MW PV Project" which is contracted by Norinco International Cooperation Ltd. This groundbreaking project represents Bangladesh's inaugural large-scale n-type PV endeavor, exclusively featuring JA Solar's cutting-edge DeepBlue 4.0 Pro n-type series products. With its strong reliability to perform well even under harsh climate, including the high temperatures, heavy rainfall, and extensive monsoon seasons in Bangladesh, these modules optimize the project's power generation capacity to its fullest extent. Norinco International is a publicly-listed company focuses on international market operations and has established a global marketing network over the years. It has cultivated strong capabilities in international operations, investment, and financing, as well as excellent abilities in global resource allocation and project management. The project marks the inaugural collaboration between JA Solar and Norinco International. Despite facing a demanding timeline and substantial workload, JA Solar successfully navigated through numerous intricate challenges from contract signing to shipment. Remarkably, a mere 10 days after contract signing, the initial batch of products was dispatched, showcasing the unparalleled efficiency characteristic of "JA Solar speed." Bangladesh is endowed with plentiful solar resources and conducive conditions for photovoltaic (PV) development. In recent years, JA Solar has been proactively engaging with the Bangladeshi market, steadfastly advocating for the sustainable advancement of the country's PV sector through its efficient products and top-notch services. JA Solar proudly supplied all modules for Bangladesh's inaugural large-scale PV power station, as well as for the nation's second-largest PV power station, underscoring its unwavering dedication to propelling solar energy forward in the region. Aligned with its corporate mission of "Developing the solar power to benefit the planet," JA Solar remains steadfast in its dedication to fostering the development and advancement of green energy worldwide. Moving forward, the company pledges to further strengthen collaborations with nations and businesses across South Asia, including Bangladesh, to collectively drive the growth and innovation of the PV industry.Valuation Update With 7 Day Price Move • Jan 30Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥17.98, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 3.3% over the past three years.New Risk • Jan 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change).Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.59 (vs CN¥0.49 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.59 (up from CN¥0.49 in 3Q 2022). Revenue: CN¥19.1b (down 8.2% from 3Q 2022). Net income: CN¥1.95b (up 23% from 3Q 2022). Profit margin: 10% (up from 7.6% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 30JA Solar Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023JA Solar Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.68 (vs CN¥0.29 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.68 (up from CN¥0.29 in 2Q 2022). Revenue: CN¥20.4b (up 26% from 2Q 2022). Net income: CN¥2.23b (up 134% from 2Q 2022). Profit margin: 11% (up from 5.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥35.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 24% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.67 per share.Reported Earnings • Mar 23Full year 2022 earnings released: EPS: CN¥2.40 (vs CN¥0.91 in FY 2021)Full year 2022 results: EPS: CN¥2.40 (up from CN¥0.91 in FY 2021). Revenue: CN¥73.0b (up 77% from FY 2021). Net income: CN¥5.53b (up 171% from FY 2021). Profit margin: 7.6% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.Buying Opportunity • Dec 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥72.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings is also forecast to grow by 30% per annum over the same time period.Buying Opportunity • Nov 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥74.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings is also forecast to grow by 30% per annum over the same time period.Board Change • Nov 16High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Chairman of Supervisory Board Yuntao Li is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.69 (vs CN¥0.27 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.69 (up from CN¥0.27 in 3Q 2021). Revenue: CN¥20.9b (up 111% from 3Q 2021). Net income: CN¥1.59b (up 165% from 3Q 2021). Profit margin: 7.6% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.25 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.41 (up from CN¥0.25 in 2Q 2021). Revenue: CN¥16.1b (up 75% from 2Q 2021). Net income: CN¥952.3m (up 71% from 2Q 2021). Profit margin: 5.9% (down from 6.0% in 2Q 2021). Over the next year, revenue is forecast to grow 33%, compared to a 49% growth forecast for the Semiconductor industry in China.Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.47 (vs CN¥0.099 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.47 (up from CN¥0.099 in 1Q 2021). Revenue: CN¥12.3b (up 77% from 1Q 2021). Net income: CN¥750.1m (up 378% from 1Q 2021). Profit margin: 6.1% (up from 2.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 42%, compared to a 44% growth forecast for the industry in China.Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. No highly experienced directors. Non-Employee Supervisor Yuntao Li is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Apr 17Full year 2021 earnings released: EPS: CN¥1.28 (vs CN¥1.09 in FY 2020)Full year 2021 results: EPS: CN¥1.28 (up from CN¥1.09 in FY 2020). Revenue: CN¥41.3b (up 60% from FY 2020). Net income: CN¥2.04b (up 35% from FY 2020). Profit margin: 4.9% (down from 5.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 51%, compared to a 47% growth forecast for the industry in China.Valuation Update With 7 Day Price Move • Feb 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥74.63, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 39x in the Semiconductor industry in China. Total returns to shareholders of 88% over the past year.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.38 (vs CN¥0.44 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥9.90b (up 71% from 3Q 2020). Net income: CN¥599.0m (up 1.4% from 3Q 2020). Profit margin: 6.0% (down from 10% in 3Q 2020). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥69.35, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 47x in the Semiconductor industry in China. Total returns to shareholders of 78% over the past year.Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.31 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥9.24b (up 47% from 2Q 2020). Net income: CN¥556.5m (up 34% from 2Q 2020). Profit margin: 6.0% (down from 6.6% in 2Q 2020). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Aug 18Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥54.03, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 59x in the Semiconductor industry in China. Total returns to shareholders of 150% over the past year.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥62.00, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 65x in the Semiconductor industry in China. Total returns to shareholders of 181% over the past year.Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥38.90, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 55x in the Semiconductor industry in China. Total returns to shareholders of 157% over the past year.Valuation Update With 7 Day Price Move • May 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥30.28, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 48x in the Semiconductor industry in China.Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.099 (vs CN¥0.21 in 1Q 2020)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥6.96b (up 52% from 1Q 2020). Net income: CN¥156.8m (down 45% from 1Q 2020). Profit margin: 2.3% (down from 6.2% in 1Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥1.09 (vs CN¥1.27 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥25.8b (up 22% from FY 2019). Net income: CN¥1.51b (up 20% from FY 2019). Profit margin: 5.8% (in line with FY 2019).Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥27.34, the stock is trading at a trailing P/E ratio of 18.9x, down from the previous P/E ratio of 22.9x. This compares to an average P/E of 62x in the Semiconductor industry in China.Is New 90 Day High Low • Mar 05New 90-day low: CN¥31.38The company is down 2.0% from its price of CN¥32.00 on 04 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.52 per share.Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥35.71, the stock is trading at a trailing P/E ratio of 24.7x, down from the previous P/E ratio of 29.1x. This compares to an average P/E of 70x in the Semiconductor industry in China.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥43.76, the stock is trading at a trailing P/E ratio of 30.3x, up from the previous P/E ratio of 25.7x. This compares to an average P/E of 81x in the Semiconductor industry in China.Is New 90 Day High Low • Dec 22New 90-day high: CN¥43.76The company is up 41% from its price of CN¥30.95 on 24 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.59 per share.Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥37.47, the stock is trading at a trailing P/E ratio of 25.9x, up from the previous P/E ratio of 22.1x. This compares to an average P/E of 80x in the Semiconductor industry in China.Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 15% share price gain to CN¥33.38, the stock is trading at a trailing P/E ratio of 23.1x, up from the previous P/E ratio of 20x. This compares to an average P/E of 41x in the Machinery industry in China.Valuation Update With 7 Day Price Move • Nov 09Market pulls back on stock over the past weekAfter last week's 22% share price decline to CN¥32.83, the stock is trading at a trailing P/E ratio of 22.7x, down from the previous P/E ratio of 29.2x. This compares to an average P/E of 41x in the Machinery industry in China.Is New 90 Day High Low • Nov 02New 90-day high: CN¥42.15The company is up 90% from its price of CN¥22.17 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.64 per share.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.85b, up 74% from the prior year. Total revenue was CN¥24.3b over the last 12 months, up 21% from the prior year.お知らせ • Oct 20JA Solar Technology Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020JA Solar Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020Is New 90 Day High Low • Oct 14New 90-day high: CN¥40.61The company is up 90% from its price of CN¥21.35 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥18.64 per share.お知らせ • Oct 13JA Solar Supplies Modules for the First Floating PV Plants in Spain and MalaysiaJA Solar recently announced that it supplied all photovoltaic (PV) modules for Spain's first grid-connected floating solar plant which is located in the Sierra Brava reservoir in the Extremadura region. This project has been successfully connected to the grid and put into operation. The 1.1MW project adopts JA Solar mono-facial and bifacial modules which are installed in various orientation and inclination angles using different floating systems. Comparing their differences in energy yield, maintenance cost, etc. will be an important reference for the development of floating PV projects. Compared with the traditional ground-mounted PV plant, a floating solar plant can reduce land resources required, while the water helps to restrain the rise of surface temperature of modules and enhance power generation. With these advantages, floating PV plants have gradually attracted more attention from investors and EPCs on a global scale. In the reignited Spanish PV market, the development of floating solar plants is welcomed. The Sierra Brava project has received strong support from the local government, and the governor of the Extremadura region attended the plant's opening ceremony. To protect kestrels, two floating "islands" and nest boxes are installed. And the living conditions of birds and fish will be monitored to understand the impact of PV plant operations on the surrounding creatures and provide a reference for the operation and maintenance of floating solar plants. In addition, Malaysia's first floating PV plant, a 10MW floating PV project in Selangor state, has recently been successfully connected to the grid. The JA Solar double-glass modules selected for the project have excellent weather resistance performance, and can maintain stable energy yield under high temperature and high humidity to effectively raise customers' profits.お知らせ • Sep 24JA Solar Announces Its New DeepBlue 3.0 SeriesJA Solar announced that its new DeepBlue 3.0 series modules passed certification testing conducted by TUV SUD to the standards of IEC 61215 and IEC 61730. These standards certify quality across various product attributes such as design, structure, materials, components and production technologies. The certification demonstrates the reliability and safety of the product line, and its readiness to be introduced into the global PV market. The DeepBlue 3.0 modules are built using 182 mm x 182 mm wafers (thus known as 182 modules). DeepBlue 3.0 is a new product launched by JA Solar in May 2020. The module's efficiency is above 21.0%, and the power output of mass-produced 72-cell type could reach 545W. As one of the first 182 modules to get the TUV certification, DeepBlue 3.0 integrates the advantages of multiple high-efficiency and low-degradation technologies including the new-generation PERC high-efficiency cell technology PERCIUM+, and Ga-doped silicon wafers, which enables the product having great performance in reliability, conversion efficiency, and power generation. It could effectively reduce the LCOE and increase customer revenue. Designed in configurations of 60-cell, 66-cell, and 72-cell etc., the DeepBlue 3.0 series can be widely used in different application environments. In August, JA Solar announced the mass production of DeepBlue 3.0 products, with large production capacity planning. It is expected that by the end of 2021, the production capacity of JA Solar 182 module DeepBlue 3.0 will take over 50% of the company's total capacity.お知らせ • Jul 23JA Solar Technology Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020JA Solar Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020業績と収益の成長予測XSEC:002459 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202868,9542,8533,01412,956412/31/202762,9691,1712,1833,896712/31/202654,698-2,3141,83910,52173/31/202647,672-4,037-5703,697N/A12/31/202549,129-4,608-7644,280N/A9/30/202552,582-7,7253,5737,809N/A6/30/202556,669-6,3624,0809,714N/A3/31/202564,821-5,812-1,5617,677N/A12/31/202470,121-4,656-8,4823,347N/A9/30/202475,923-210-11,4515,494N/A6/30/202478,0701,352-13,8945,723N/A3/31/202477,0473,975-13,5146,974N/A12/31/202381,5567,039-5,46412,414N/A9/30/202383,6479,009-2,15412,815N/A6/30/202385,3638,6451,11012,520N/A3/31/202381,1497,3664,25711,981N/A1/1/202372,9895,5344178,182N/A9/30/202264,5284,0166037,748N/A6/30/202253,5783,027-2,5763,814N/A3/31/202246,6662,631-3,2012,916N/A1/1/202241,3022,039-1,6713,750N/A9/30/202135,2491,528-4,106518N/A6/30/202131,1551,519-1,4222,637N/A3/31/202128,2121,378-2,1221,562N/A12/31/202025,8471,507-9332,265N/A9/30/202024,3331,8465053,064N/A6/30/202023,1711,5591,1743,339N/A3/31/202021,7701,4511,3253,322N/A12/31/201921,1551,252N/A3,691N/A9/30/201918,659935N/A890N/A6/30/201919,152871N/A399N/A3/31/201918,943684N/A1,168N/A12/31/201819,649719N/A2,340N/A9/30/201819,654658N/A2,387N/A6/30/201819,658596N/A2,435N/A3/31/201819,904564N/A2,106N/A12/31/201720,150532N/A1,777N/A12/31/201616,442748N/A1,792N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 002459は今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 2.4% ) よりも高い成長率であると考えられます。収益対市場: 002459今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: 002459今後 3 年以内に収益を上げることが予想されます。収益対市場: 002459の収益 ( 12.4% ) CN市場 ( 16.3% ) よりも低い成長が予測されています。高い収益成長: 002459の収益 ( 12.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 002459の 自己資本利益率 は、3年後には低くなると予測されています ( 9.6 %)。成長企業の発掘7D1Y7D1Y7D1YSemiconductors 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/28 20:10終値2026/05/28 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋JA Solar Technology Co., Ltd. 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。14 アナリスト機関Gary TsangBofA Global ResearchKa SoCCB International Securities LimitedPengwei HuaCitic Securities Co., Ltd.11 その他のアナリストを表示
Buy Or Sell Opportunity • May 27Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 22% to CN¥9.36. The fair value is estimated to be CN¥11.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 19% in a year. Earnings are forecast to grow by 64% in the next year.
お知らせ • Apr 29JA Solar Technology Co., Ltd., Annual General Meeting, May 27, 2026JA Solar Technology Co., Ltd., Annual General Meeting, May 27, 2026, at 15:30 China Standard Time. Location: 8F, Building 8, Nuode Center, Yard No. 1, Motor Museum East Road, Fengtai District, Beijing China
お知らせ • Mar 31JA Solar Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026JA Solar Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Dec 31JA Solar Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026JA Solar Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026
お知らせ • Sep 30JA Solar Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025JA Solar Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
お知らせ • Aug 23JA Solar Technology Co., Ltd. (SZSE:002459) announces an Equity Buyback for CNY 400 million worth of its shares.JA Solar Technology Co., Ltd. (SZSE:002459) announces a share repurchase program. Under the program, the company will repurchase CNY 400 million worth of its shares. The shares will be repurchased at a price not more than CNY 17.36 per share. The purchases will be funded from Own Funds and Self-Financing. The shares repurchased will be used for ESOP or equity incentives. The repurchase program will be valid for 12 months.
お知らせ • Jul 02JA Solar Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025JA Solar Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025
お知らせ • Jun 09JA Solar Technology Co., Ltd., Annual General Meeting, Jun 30, 2025JA Solar Technology Co., Ltd., Annual General Meeting, Jun 30, 2025, at 15:00 China Standard Time. Location: 8F, Building 8, Nuode Center, Yard No. 1, Motor Museum East Road, Fengtai District, Beijing China
お知らせ • Mar 31JA Solar Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025JA Solar Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
お知らせ • Jan 31JA Solar Technology Co., Ltd. Debuts Next-Generation n-Type TOPCon Module DeepBlue 5.0JA Solar Technology Co., Ltd. launched its latest innovation, the DeepBlue 5.0 PV module in January. With its significant advancements in efficiency, reliability, and adaptability, the DeepBlue 5.0 marks a transformative step forward in PV technology. Leveraging the advanced Bycium+ 5.0 cell technology, the DeepBlue 5.0 integrates multiple cutting-edge technologies, such as upgraded electrical architecture, optimized material enhancements, and structural refinements. These innovations enable a module power up to 670W and module efficiency up to 24.8%. The module also boasts superior performance in low-light environments and complex weather conditions, ensuring stable energy output across diverse applications. The DeepBlue 5.0 is built on innovative optical absorption and electrical optimization techniques, reducing the Levelized Cost of Energy by up to 4.3% compared to its predecessor, DeepBlue 4.0 Pro. JA Solar has enhanced the module across three critical areas. The wafer offers improved resistivity uniformity, ultra-low oxygen content (3 ppma), and superior minority carrier lifetime. The Bycium+ 5.0 cell features high-efficiency n-type passivated contact technology, optimized light absorption, and an ultra-high open-circuit voltage of 749 mV. The module incorporates innovations such as PII, HDP, UTG, and CSE technologies, ensuring exceptional durability and reliability in extreme conditions. With a first-year degradation rate of =1% and annual linear degradation of =0.4%, the DeepBlue 5.0 sets a new benchmark for efficiency and performance. The DeepBlue 5.0 modules are scheduled for mass production in Fourth Quarter 2025, with initial power ratings ranging from 640W to 670W. Designed to meet the growing demand for high-efficiency modules in premium markets, the DeepBlue 5.0 aims to deliver unparalleled value for utility-scale, commercial, and residential PV projects worldwide.
お知らせ • Dec 31JA Solar Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025JA Solar Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025
New Risk • Nov 01New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.59 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.59 in 3Q 2023). Revenue: CN¥17.0b (down 11% from 3Q 2023). Net income: CN¥389.8m (down 80% from 3Q 2023). Profit margin: 2.3% (down from 10% in 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Oct 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥16.59, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 36x in the Semiconductor industry in China. Total loss to shareholders of 56% over the past three years.
お知らせ • Sep 30JA Solar Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024JA Solar Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
New Risk • Sep 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 136% Paying a dividend despite having no free cash flows. High level of non-cash earnings (37% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin).
New Risk • Sep 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 136% Paying a dividend despite having no free cash flows. High level of non-cash earnings (37% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin).
Reported Earnings • Aug 31Second quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.68 profit in 2Q 2023)Second quarter 2024 results: CN¥0.12 loss per share (down from CN¥0.68 profit in 2Q 2023). Revenue: CN¥21.4b (up 5.0% from 2Q 2023). Net loss: CN¥391.4m (down 118% from profit in 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings.
お知らせ • Jun 29JA Solar Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024JA Solar Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥11.53, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 31x in the Semiconductor industry in China. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.81 per share.
お知らせ • May 25JA Solar Technology Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 30 May 2024JA Solar Technology Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares) of cash dividend (tax included) of CNY 5.63000000 per 10 shares. Record date is 29 May 2024; Ex-date is 30 May 2024; Payment date is 30 May 2024.
Reported Earnings • May 02First quarter 2024 earnings released: CN¥0.15 loss per share (vs CN¥0.79 profit in 1Q 2023)First quarter 2024 results: CN¥0.15 loss per share (down from CN¥0.79 profit in 1Q 2023). Revenue: CN¥16.0b (down 22% from 1Q 2023). Net loss: CN¥482.8m (down 119% from profit in 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • May 02JA Solar Technology Co., Ltd. Proposes Final Dividend for 2023JA Solar Technology Co., Ltd. profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 5.63000000.
お知らせ • May 01JA Solar Technology Co., Ltd., Annual General Meeting, May 21, 2024JA Solar Technology Co., Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: 8F, Building 8, Nuode Center, Yard No. 1, Motor Museum East Road, Fengtai District, Beijing China
お知らせ • Mar 30JA Solar Technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024JA Solar Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
お知らせ • Mar 27JA Solar Launches Module Shipment for the First N-Type PV Project in BangladeshJA Solar, has successfully launched module shipment for the "Bangladesh HKGE 48MW PV Project" which is contracted by Norinco International Cooperation Ltd. This groundbreaking project represents Bangladesh's inaugural large-scale n-type PV endeavor, exclusively featuring JA Solar's cutting-edge DeepBlue 4.0 Pro n-type series products. With its strong reliability to perform well even under harsh climate, including the high temperatures, heavy rainfall, and extensive monsoon seasons in Bangladesh, these modules optimize the project's power generation capacity to its fullest extent. Norinco International is a publicly-listed company focuses on international market operations and has established a global marketing network over the years. It has cultivated strong capabilities in international operations, investment, and financing, as well as excellent abilities in global resource allocation and project management. The project marks the inaugural collaboration between JA Solar and Norinco International. Despite facing a demanding timeline and substantial workload, JA Solar successfully navigated through numerous intricate challenges from contract signing to shipment. Remarkably, a mere 10 days after contract signing, the initial batch of products was dispatched, showcasing the unparalleled efficiency characteristic of "JA Solar speed." Bangladesh is endowed with plentiful solar resources and conducive conditions for photovoltaic (PV) development. In recent years, JA Solar has been proactively engaging with the Bangladeshi market, steadfastly advocating for the sustainable advancement of the country's PV sector through its efficient products and top-notch services. JA Solar proudly supplied all modules for Bangladesh's inaugural large-scale PV power station, as well as for the nation's second-largest PV power station, underscoring its unwavering dedication to propelling solar energy forward in the region. Aligned with its corporate mission of "Developing the solar power to benefit the planet," JA Solar remains steadfast in its dedication to fostering the development and advancement of green energy worldwide. Moving forward, the company pledges to further strengthen collaborations with nations and businesses across South Asia, including Bangladesh, to collectively drive the growth and innovation of the PV industry.
Valuation Update With 7 Day Price Move • Jan 30Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥17.98, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 27x in the Semiconductor industry in China. Total loss to shareholders of 3.3% over the past three years.
New Risk • Jan 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change).
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.59 (vs CN¥0.49 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.59 (up from CN¥0.49 in 3Q 2022). Revenue: CN¥19.1b (down 8.2% from 3Q 2022). Net income: CN¥1.95b (up 23% from 3Q 2022). Profit margin: 10% (up from 7.6% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 30JA Solar Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023JA Solar Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.68 (vs CN¥0.29 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.68 (up from CN¥0.29 in 2Q 2022). Revenue: CN¥20.4b (up 26% from 2Q 2022). Net income: CN¥2.23b (up 134% from 2Q 2022). Profit margin: 11% (up from 5.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in China. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥35.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 40x in the Semiconductor industry in China. Total loss to shareholders of 24% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.67 per share.
Reported Earnings • Mar 23Full year 2022 earnings released: EPS: CN¥2.40 (vs CN¥0.91 in FY 2021)Full year 2022 results: EPS: CN¥2.40 (up from CN¥0.91 in FY 2021). Revenue: CN¥73.0b (up 77% from FY 2021). Net income: CN¥5.53b (up 171% from FY 2021). Profit margin: 7.6% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.
Buying Opportunity • Dec 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥72.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings is also forecast to grow by 30% per annum over the same time period.
Buying Opportunity • Nov 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥74.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings is also forecast to grow by 30% per annum over the same time period.
Board Change • Nov 16High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Chairman of Supervisory Board Yuntao Li is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.69 (vs CN¥0.27 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.69 (up from CN¥0.27 in 3Q 2021). Revenue: CN¥20.9b (up 111% from 3Q 2021). Net income: CN¥1.59b (up 165% from 3Q 2021). Profit margin: 7.6% (up from 6.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in China.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.25 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.41 (up from CN¥0.25 in 2Q 2021). Revenue: CN¥16.1b (up 75% from 2Q 2021). Net income: CN¥952.3m (up 71% from 2Q 2021). Profit margin: 5.9% (down from 6.0% in 2Q 2021). Over the next year, revenue is forecast to grow 33%, compared to a 49% growth forecast for the Semiconductor industry in China.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.47 (vs CN¥0.099 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.47 (up from CN¥0.099 in 1Q 2021). Revenue: CN¥12.3b (up 77% from 1Q 2021). Net income: CN¥750.1m (up 378% from 1Q 2021). Profit margin: 6.1% (up from 2.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 42%, compared to a 44% growth forecast for the industry in China.
Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. No highly experienced directors. Non-Employee Supervisor Yuntao Li is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Apr 17Full year 2021 earnings released: EPS: CN¥1.28 (vs CN¥1.09 in FY 2020)Full year 2021 results: EPS: CN¥1.28 (up from CN¥1.09 in FY 2020). Revenue: CN¥41.3b (up 60% from FY 2020). Net income: CN¥2.04b (up 35% from FY 2020). Profit margin: 4.9% (down from 5.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 51%, compared to a 47% growth forecast for the industry in China.
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥74.63, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 39x in the Semiconductor industry in China. Total returns to shareholders of 88% over the past year.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.38 (vs CN¥0.44 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥9.90b (up 71% from 3Q 2020). Net income: CN¥599.0m (up 1.4% from 3Q 2020). Profit margin: 6.0% (down from 10% in 3Q 2020). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥69.35, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 47x in the Semiconductor industry in China. Total returns to shareholders of 78% over the past year.
Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.31 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥9.24b (up 47% from 2Q 2020). Net income: CN¥556.5m (up 34% from 2Q 2020). Profit margin: 6.0% (down from 6.6% in 2Q 2020). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Aug 18Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥54.03, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 59x in the Semiconductor industry in China. Total returns to shareholders of 150% over the past year.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥62.00, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 65x in the Semiconductor industry in China. Total returns to shareholders of 181% over the past year.
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥38.90, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 55x in the Semiconductor industry in China. Total returns to shareholders of 157% over the past year.
Valuation Update With 7 Day Price Move • May 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥30.28, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 48x in the Semiconductor industry in China.
Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.099 (vs CN¥0.21 in 1Q 2020)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥6.96b (up 52% from 1Q 2020). Net income: CN¥156.8m (down 45% from 1Q 2020). Profit margin: 2.3% (down from 6.2% in 1Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥1.09 (vs CN¥1.27 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥25.8b (up 22% from FY 2019). Net income: CN¥1.51b (up 20% from FY 2019). Profit margin: 5.8% (in line with FY 2019).
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥27.34, the stock is trading at a trailing P/E ratio of 18.9x, down from the previous P/E ratio of 22.9x. This compares to an average P/E of 62x in the Semiconductor industry in China.
Is New 90 Day High Low • Mar 05New 90-day low: CN¥31.38The company is down 2.0% from its price of CN¥32.00 on 04 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.52 per share.
Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥35.71, the stock is trading at a trailing P/E ratio of 24.7x, down from the previous P/E ratio of 29.1x. This compares to an average P/E of 70x in the Semiconductor industry in China.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥43.76, the stock is trading at a trailing P/E ratio of 30.3x, up from the previous P/E ratio of 25.7x. This compares to an average P/E of 81x in the Semiconductor industry in China.
Is New 90 Day High Low • Dec 22New 90-day high: CN¥43.76The company is up 41% from its price of CN¥30.95 on 24 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.59 per share.
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥37.47, the stock is trading at a trailing P/E ratio of 25.9x, up from the previous P/E ratio of 22.1x. This compares to an average P/E of 80x in the Semiconductor industry in China.
Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 15% share price gain to CN¥33.38, the stock is trading at a trailing P/E ratio of 23.1x, up from the previous P/E ratio of 20x. This compares to an average P/E of 41x in the Machinery industry in China.
Valuation Update With 7 Day Price Move • Nov 09Market pulls back on stock over the past weekAfter last week's 22% share price decline to CN¥32.83, the stock is trading at a trailing P/E ratio of 22.7x, down from the previous P/E ratio of 29.2x. This compares to an average P/E of 41x in the Machinery industry in China.
Is New 90 Day High Low • Nov 02New 90-day high: CN¥42.15The company is up 90% from its price of CN¥22.17 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.64 per share.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.85b, up 74% from the prior year. Total revenue was CN¥24.3b over the last 12 months, up 21% from the prior year.
お知らせ • Oct 20JA Solar Technology Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020JA Solar Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020
Is New 90 Day High Low • Oct 14New 90-day high: CN¥40.61The company is up 90% from its price of CN¥21.35 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥18.64 per share.
お知らせ • Oct 13JA Solar Supplies Modules for the First Floating PV Plants in Spain and MalaysiaJA Solar recently announced that it supplied all photovoltaic (PV) modules for Spain's first grid-connected floating solar plant which is located in the Sierra Brava reservoir in the Extremadura region. This project has been successfully connected to the grid and put into operation. The 1.1MW project adopts JA Solar mono-facial and bifacial modules which are installed in various orientation and inclination angles using different floating systems. Comparing their differences in energy yield, maintenance cost, etc. will be an important reference for the development of floating PV projects. Compared with the traditional ground-mounted PV plant, a floating solar plant can reduce land resources required, while the water helps to restrain the rise of surface temperature of modules and enhance power generation. With these advantages, floating PV plants have gradually attracted more attention from investors and EPCs on a global scale. In the reignited Spanish PV market, the development of floating solar plants is welcomed. The Sierra Brava project has received strong support from the local government, and the governor of the Extremadura region attended the plant's opening ceremony. To protect kestrels, two floating "islands" and nest boxes are installed. And the living conditions of birds and fish will be monitored to understand the impact of PV plant operations on the surrounding creatures and provide a reference for the operation and maintenance of floating solar plants. In addition, Malaysia's first floating PV plant, a 10MW floating PV project in Selangor state, has recently been successfully connected to the grid. The JA Solar double-glass modules selected for the project have excellent weather resistance performance, and can maintain stable energy yield under high temperature and high humidity to effectively raise customers' profits.
お知らせ • Sep 24JA Solar Announces Its New DeepBlue 3.0 SeriesJA Solar announced that its new DeepBlue 3.0 series modules passed certification testing conducted by TUV SUD to the standards of IEC 61215 and IEC 61730. These standards certify quality across various product attributes such as design, structure, materials, components and production technologies. The certification demonstrates the reliability and safety of the product line, and its readiness to be introduced into the global PV market. The DeepBlue 3.0 modules are built using 182 mm x 182 mm wafers (thus known as 182 modules). DeepBlue 3.0 is a new product launched by JA Solar in May 2020. The module's efficiency is above 21.0%, and the power output of mass-produced 72-cell type could reach 545W. As one of the first 182 modules to get the TUV certification, DeepBlue 3.0 integrates the advantages of multiple high-efficiency and low-degradation technologies including the new-generation PERC high-efficiency cell technology PERCIUM+, and Ga-doped silicon wafers, which enables the product having great performance in reliability, conversion efficiency, and power generation. It could effectively reduce the LCOE and increase customer revenue. Designed in configurations of 60-cell, 66-cell, and 72-cell etc., the DeepBlue 3.0 series can be widely used in different application environments. In August, JA Solar announced the mass production of DeepBlue 3.0 products, with large production capacity planning. It is expected that by the end of 2021, the production capacity of JA Solar 182 module DeepBlue 3.0 will take over 50% of the company's total capacity.
お知らせ • Jul 23JA Solar Technology Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020JA Solar Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020