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|JA Solar Announces First Quarter 2013 Results|
Mr. Jin continued, "We performed especially well in
"While conditions remain challenging, we are confident that our strength across key markets will continue to drive solid performance, and our emphasis on stringent management of cash and our balance sheet should ensure the long-term success of our business," Mr. Jin added. "Having successfully repaid
Total shipments in the first quarter of 2013 were 442.7 MW, consisting of 248.0 MW of modules, 189.5 MW of cells, and 5.2 MW of module and cell tolling, above the Company's previously provided guidance of 410 MW to 430 MW. This represents an 11.5% decrease from 500 MW in the fourth quarter of 2012 and an increase of 20.9% from 366 MW in the first quarter of 2012. The sequential decline in shipment volumes was primarily due to seasonality.
Net revenue in the first quarter of 2013 was
Gross profit in the first quarter of 2013 was
Total operating expenses in the first quarter of 2013 were
Operating loss in the first quarter of 2013 was
Other loss in the first quarter of 2013 was
Loss per diluted ADS in the first quarter of 2013 was
For the second quarter of 2013, the Company expects total shipments to be between 410 MW and 430 MW. The Company's full year guidance of 1.7 GW to 1.9 GW remains unchanged.
Investor Conference Call / Webcast Details
A conference call has been scheduled for today,
Currency Convenience Translation
The conversion of Renminbi into U.S. dollars in this release, made solely for the convenience of the reader, is based on the noon buying rate in the city of
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as "may," "expect," "anticipate," "aim," "intend," "plan," "believe," "estimate," "potential," "continue," and other similar statements. Statements other than statements of historical facts in this announcement are forward-looking statements, including but not limited to, our expectations regarding the expansion of our manufacturing capacities, our future business development, and our beliefs regarding our production output and production outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Further information regarding these and other risks is included in Form 20-F and other documents filed with the
For more information, please visit www.jasolar.com.