JA Solar Technology Co., Ltd. (SHE:002459)

China · Delayed Price · Currency is CNY

6.66

+0.02 (0.30%)

Sep 14, 2026, 3:04 PM CST

JA Solar Technology Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Revenue	42,722	49,129	70,121	81,556	72,989	41,302
Revenue Growth	-24.61%	-29.94%	-14.02%	11.74%	76.72%	59.80%
Gross Profit	-137.08	-1,121	3,017	13,378	10,523	6,044
Operating Income	-3,996	-4,931	-1,311	8,528	6,834	3,445
Net Income	-4,691	-4,608	-4,656	7,039	5,534	2,039
Earnings Per Share	-1.43	-1.41	-1.42	2.10	1.70	0.65
EPS Growth	-	-	-	23.53%	161.54%	17.97%

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Manufacturing Part	47,751
Power Station Part	1,678
Offset Business Segment	-300.57
Total	49,129

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Investments	24,961	25,242	25,089	18,487	12,184	13,219
Total Debt	49,528	48,111	41,334	16,788	7,688	12,753
Net Cash (Debt)	-24,567	-22,869	-16,245	1,699	4,495	465.86
Net Cash Growth	-	-	-	-62.20%	864.96%	-86.25%
Net Cash Per Share	-7.49	-7.00	-4.95	0.51	1.38	0.15

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Cash Flow	633.24	4,280	3,347	12,414	8,182	3,750
Capital Expenditures	-4,422	-5,044	-11,829	-17,878	-7,765	-5,421
Free Cash Flow	-3,789	-764.12	-8,482	-5,464	417.33	-1,671
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Gross Margin	-0.32%	-2.28%	4.30%	16.40%	14.42%	14.63%
Operating Margin	-9.35%	-10.04%	-1.87%	10.46%	9.36%	8.34%
Pretax Margin	-11.90%	-10.28%	-7.41%	9.86%	8.65%	5.87%
Profit Margin	-10.98%	-9.38%	-6.64%	8.63%	7.58%	4.94%
FCF Margin	-8.87%	-1.55%	-12.10%	-6.70%	0.57%	-4.05%

Dividends

Fiscal Year	FY 2023	FY 2022	FY 2021
Period Ending	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Dividend Per Share	0.563	0.171	0.076
Dividend Per Share Growth	228.47%	124.05%	-61.75%
Dividend Yield	2.82%	0.42%	0.17%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 14, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
PE Ratio	-	-	-	9.76	25.58	72.72
Forward PE	-	277.22	17.58	6.72	21.71	53.84
P/FCF Ratio	-	-	-	-	339.15	-
PS Ratio	0.51	0.76	0.64	0.84	1.94	3.59