L R AS Published on Saturday 9 September 2023 - n° 456 - Categories:company results
JA Solar achieves a net margin of 11.8% in the first half of the year
In thefirst half of the year, JA Solar delivered 24 GW and achieved sales of 40.8 billion RMB (+43% on 2022). Net profit reached 4.8 billion
of RMB ($660 million), giving a net margin of 11.8%. Profits rose by 182%. This increase is the result of major investments made by the company this year in production capacity and panel distribution. In June, JA Solar announced plans to build a new 50 GW production facility in Inner Mongolia.
PV Tech of 5 September 2023
Editor's note The net margin indicates that there is no real competition between the various panel manufacturers.
