JA Solar Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

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
Cash & Equivalents	22,462	25,242	25,089	15,988	12,184	13,219
Short-Term Investments	2,484	-	-	2,499	-	-
Cash & Short-Term Investments	24,961	25,242	25,089	18,487	12,184	13,219
Cash Growth	-8.45%	0.61%	35.71%	51.74%	-7.83%	39.25%
Accounts Receivable	8,471	11,011	9,826	10,244	9,324	6,126
Other Receivables	1,310	1,438	1,481	1,081	661.18	1,103
Receivables	9,781	12,449	11,307	11,325	9,985	7,229
Inventory	13,952	10,058	10,571	14,472	11,909	7,957
Prepaid Expenses	111.27	83.88	140.16	283.81	37.84	27.17
Other Current Assets	4,382	7,325	7,832	4,565	4,041	3,197
Total Current Assets	53,187	55,159	54,939	49,132	38,157	31,629
Property, Plant & Equipment	37,684	40,474	47,070	48,154	25,428	19,603
Long-Term Investments	3,233	2,104	789.42	998.82	806.25	577.28
Other Intangible Assets	2,325	2,086	2,163	2,263	1,389	1,047
Long-Term Accounts Receivable	142.98	229.42	191.67	376.55	-	-
Long-Term Deferred Tax Assets	1,976	1,741	1,258	932.78	866.97	962.37
Long-Term Deferred Charges	122.26	139.19	165.2	423.44	376.59	587.52
Other Long-Term Assets	1,325	3,078	6,383	4,309	5,412	2,561
Total Assets	99,997	105,010	112,958	106,589	72,436	56,967

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
Accounts Payable	13,646	18,895	24,160	27,426	18,573	13,635
Accrued Expenses	446.59	576.09	571.8	1,313	2,143	1,571
Short-Term Debt	13,399	9,061	8,498	978.59	1,787	7,592
Current Portion of Long-Term Debt	10,210	5,552	1,403	601.82	949.82	990.83
Current Portion of Leases	197.06	174.85	335.39	222.49	304.17	300.32
Current Income Taxes Payable	176.9	153.78	534.69	231.23	305.16	217.16
Current Unearned Revenue	2,589	3,013	3,434	4,872	5,388	3,772
Other Current Liabilities	6,526	8,334	11,040	14,621	5,604	4,572
Total Current Liabilities	47,191	45,760	49,976	50,266	35,054	32,651
Long-Term Debt	21,897	31,370	29,270	13,832	3,920	3,116
Long-Term Leases	3,825	1,953	1,828	1,153	727.47	754.04
Long-Term Unearned Revenue	1,211	1,403	1,255	1,007	716.09	640.36
Long-Term Deferred Tax Liabilities	21.72	70.67	206.45	724.81	410.63	411.45
Other Long-Term Liabilities	5,186	1,999	1,894	1,603	1,414	2,677
Total Liabilities	79,332	82,556	84,429	68,585	42,242	40,250

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
Common Stock	3,310	3,310	3,310	3,316	2,356	1,599
Additional Paid-In Capital	12,517	12,151	12,956	13,751	13,999	9,025
Retained Earnings	4,098	6,761	11,355	17,856	11,328	6,067
Treasury Stock	-281.14	-281.14	-489.99	-396.09	-154.49	-59.72
Comprehensive Income & Other	117.62	405.89	765.02	589.79	5.75	-137.01
Total Common Equity	19,761	22,347	27,896	35,116	27,535	16,494
Minority Interest	904.03	107.4	632.89	2,888	2,659	223.25
Shareholders' Equity	20,665	22,454	28,529	38,004	30,194	16,718
Total Liabilities & Equity	99,997	105,010	112,958	106,589	72,436	56,967

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
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
Filing Date Shares Outstanding	3,294	3,294	3,283	3,289	3,299	3,135
Total Common Shares Outstanding	3,294	3,294	3,283	3,304	3,299	3,135
Working Capital	5,996	9,399	4,963	-1,134	3,102	-1,022
Book Value Per Share	6.00	6.78	8.50	10.63	8.35	5.26
Tangible Book Value	17,436	20,261	25,733	32,853	26,145	15,447
Tangible Book Value Per Share	5.29	6.15	7.84	9.94	7.93	4.93
Buildings	16,118	16,074	15,734	13,753	7,527	5,116
Machinery	29,015	28,243	28,403	24,148	16,175	15,874
Construction In Progress	1,366	2,125	3,244	9,740	2,656	4,186