ja solar holdings co ltd-adr (JASO) Snapshot

JA Solar Holdings Co., Ltd. announced unaudited consolidated financial results for its first quarter ended March 31, 2013. For the quarter, net revenues were RMB 1,677.074 million against RMB 1,602.219 million a year ago. Loss from operations was RMB 85.232 million against RMB 159.139 million a year ago. Loss before income taxes was RMB 201.082 million against RMB 250.114 million a year ago. Net loss was RMB 206.548 million or RMB 1.06 per diluted share against RMB 250.900 million or RMB 1.28 per diluted share a year ago. CapEx was USD 16 million, compared with USD 9.8 million in fourth quarter of 2012. Shipments for the quarter were 442.7 megawatt, above the high end of the previous guidance of 430 megawatt. This was driven by a strong performance across key markets, most notably in Japan. The company expect the quarterly shipments in second quarter of 2013, to be in the range of 410 megawatts to 430 megawatts. For the full year, company reiterate its previous shipment guidance of between 1.7 gigawatts and 1.9 gigawatts.

JA Solar Holdings Co., Ltd. unveiled its new Cypress module series, made using DuPont Solamet photovoltaic metallization paste. Built upon the success of the company's existing Cypress cell technology, the new Cypress module series is the latest result of the company's ongoing collaboration with DuPont Microcircuit Materials ("DuPont"). The company's 6-inch monocrystalline modules in a 60-cell format now generate a maximum power output of 270W and a conversion efficiency of 16.51%; its 6-inch full-square monocrystalline modules in a 60-cell format generate a maximum power output of 280W and a conversion efficiency of 17.12%; and its 6-inch multicrystalline modules generate a maximum power output of 260W and a conversion efficiency of 15.90%. Cypress modules generate a power output approximately 10W above the industry average, and feature unparalleled reliability and power-induced degradation resistance. The company's Cypress module series will be on display at this year's SNEC PV Power Expo to be held in Shanghai from May 14-16.

JA Solar Holdings Co., Ltd., Q1 2013 Earnings Call, May 20, 2013