JA Solar Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	24,242	25,089	15,988	12,184	13,219	9,493
Cash & Short-Term Investments	24,242	25,089	15,988	12,184	13,219	9,493
Cash Growth	0.18%	56.92%	31.23%	-7.83%	39.25%	65.92%
Accounts Receivable	10,946	9,826	10,244	9,324	6,126	4,276
Other Receivables	1,391	1,481	1,081	661.18	1,103	800.05
Receivables	12,337	11,307	11,325	9,985	7,229	5,076
Inventory	11,038	10,571	14,472	11,909	7,957	4,988
Prepaid Expenses	-	140.16	283.81	37.84	27.17	97.85
Other Current Assets	7,031	7,832	7,063	4,041	3,197	1,818
Total Current Assets	54,647	54,939	49,132	38,157	31,629	21,473
Property, Plant & Equipment	41,893	47,070	48,154	25,428	19,603	13,232
Long-Term Investments	1,502	1,814	998.82	806.25	577.28	219.9
Other Intangible Assets	2,101	2,163	2,263	1,389	1,047	921.32
Long-Term Accounts Receivable	134.02	191.67	376.55	-	-	-
Long-Term Deferred Tax Assets	1,486	1,258	932.78	866.97	962.37	529.6
Long-Term Deferred Charges	125.59	165.2	423.44	376.59	587.52	414.44
Other Long-Term Assets	3,492	5,358	4,309	5,412	2,561	507.24
Total Assets	105,380	112,958	106,589	72,436	56,967	37,297
Accounts Payable	19,316	24,160	27,426	18,573	13,635	9,033
Accrued Expenses	412.21	571.8	1,313	2,143	1,571	1,040
Short-Term Debt	7,456	8,498	978.59	1,787	7,592	4,631
Current Portion of Long-Term Debt	4,707	1,403	601.82	949.82	990.83	418.96
Current Portion of Leases	-	335.39	222.49	304.17	300.32	-
Current Income Taxes Payable	573.66	534.69	231.23	305.16	217.16	65.71
Current Unearned Revenue	3,656	3,434	4,872	5,388	3,772	1,211
Other Current Liabilities	8,383	11,040	14,621	5,604	4,572	2,165
Total Current Liabilities	44,504	49,976	50,266	35,054	32,651	18,565
Long-Term Debt	32,547	29,270	13,832	3,920	3,116	1,055
Long-Term Leases	1,835	1,828	1,153	727.47	754.04	-
Long-Term Unearned Revenue	1,179	1,255	1,007	716.09	640.36	477.55
Long-Term Deferred Tax Liabilities	53.27	206.45	724.81	410.63	411.45	141.59
Other Long-Term Liabilities	1,976	1,894	1,603	1,414	2,677	2,218
Total Liabilities	82,094	84,429	68,585	42,242	40,250	22,458
Common Stock	3,310	3,310	3,316	2,356	1,599	1,595
Additional Paid-In Capital	12,419	12,956	13,751	13,999	9,025	8,881
Retained Earnings	7,816	11,355	17,856	11,328	6,067	4,348
Treasury Stock	-707.19	-489.99	-396.09	-154.49	-59.72	-76.87
Comprehensive Income & Other	335.61	765.02	589.79	5.75	-137.01	-90.49
Total Common Equity	23,174	27,896	35,116	27,535	16,494	14,656
Minority Interest	112.01	632.89	2,888	2,659	223.25	183.51
Shareholders' Equity	23,286	28,529	38,004	30,194	16,718	14,840
Total Liabilities & Equity	105,380	112,958	106,589	72,436	56,967	37,297
Total Debt	46,545	41,334	16,788	7,688	12,753	6,105
Net Cash (Debt)	-22,303	-16,245	-799.35	4,495	465.86	3,387
Net Cash Growth	-	-	-	864.96%	-86.25%	-
Net Cash Per Share	-6.71	-4.95	-0.24	1.38	0.15	1.24
Filing Date Shares Outstanding	3,267	3,283	3,289	3,299	3,135	3,127
Total Common Shares Outstanding	3,267	3,283	3,304	3,299	3,135	3,127
Working Capital	10,143	4,963	-1,134	3,102	-1,022	2,908
Book Value Per Share	7.09	8.50	10.63	8.35	5.26	4.69
Tangible Book Value	21,073	25,733	32,853	26,145	15,447	13,735
Tangible Book Value Per Share	6.45	7.84	9.94	7.93	4.93	4.39
Buildings	-	15,734	13,753	7,527	5,116	-
Machinery	-	28,403	24,148	16,175	15,874	-
Construction In Progress	-	3,244	9,740	2,656	4,186	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.