002459.SHE JA Solar Technology Co Ltd
- Market cap
- CNY 21.3B
- P/E
- -
- P/B
- 1.13x
- ROE
- -25.8%
- Dividend yield
- 3.22%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002459.SHE undervalued?
Graham numberThe Graham number of JA Solar Technology Co Ltd cannot be estimated reliably (it needs positive earnings and book value).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
JA Solar Technology Co Ltd fundamental analysis
No fundamental analysis for JA Solar Technology Co Ltd yet.
JA Solar Technology Co Ltd stock price
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About JA Solar Technology Co Ltd
JA Solar Technology Co., Ltd. engages in the production and sales of monocrystalline silicon rods and wafers in Europe, Africa, China, the United States, Asia, Oceania, and internationally. The company offers PV modules; energy storage products; and PV materials, including single crystal furnace, graphites, stencil, PV paste, EVA film, aluminium frame, junction box, and carbon/carbon composite materials. It also provides large-scale power plant solutions, including conventio…
Full company profileJA Solar Technology Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
JA Solar Technology Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 323M | 354M | 19.6B | 21.2B | 25.8B | 41.3B | 73.0B | 81.6B | 70.1B | 49.1B | 37.5B |
| Gross Profit | 72.3M | 3.15B | 3.48B | 4.57B | 4.19B | 6.04B | 10.5B | 13.4B | 3.02B | -1.03B | 579M |
| Operating Income | -8.03M | -8.12M | 999M | 1.67B | 1.92B | 2.60B | 6.47B | 8.11B | -4.97B | -4.25B | -2.79B |
| EBITDA | 2.54B | 2.41B | 2.60B | 3.72B | 4.02B | 5.34B | 9.11B | 12.0B | 4.49B | 2.14B | -3.93B |
| Net Income | 20.1M | 22.2M | 719M | 1.25B | 1.51B | 2.04B | 5.53B | 7.04B | -4.66B | -4.61B | -4.85B |
| EPS | 0.01 | 0.01 | 0.38 | 0.65 | 0.55 | 0.65 | 1.70 | 2.10 | -1.42 | -1.39 | -1.47 |
| Balance Sheet | |||||||||||
| Total Assets | 1.34B | 1.43B | 23.6B | 28.5B | 37.9B | 57.0B | 72.4B | 107B | 113B | 105B | 99.4B |
| Total Liabilities | 106M | 172M | 18.0B | 20.2B | 23.1B | 40.2B | 42.2B | 68.6B | 84.4B | 82.6B | 79.4B |
| Shareholders' Equity | 1.24B | 1.26B | 5.33B | 7.99B | 14.7B | 16.5B | 27.5B | 35.1B | 27.9B | 22.3B | 18.8B |
| Cash & Short-term Investments | 252M | 236M | 4.01B | 5.76B | 10.2B | 14.2B | 12.2B | 18.5B | 27.7B | 25.2B | 24.1B |
| Total Debt | 663K | 37.0M | 5.70B | 7.33B | 6.23B | 9.61B | 4.29B | 12.0B | 33.2B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | -5.02M | -31.4M | 2.34B | 3.69B | 2.26B | 3.75B | 8.19B | 12.4B | 3.35B | 4.28B | - |
| Capital Expenditure | 9.51M | 18.8M | 1.27B | 1.89B | 3.20B | 5.42B | 7.75B | 17.9B | 11.8B | 5.04B | 2.46B |
| Free Cash Flow | -14.5M | -50.2M | 1.07B | 1.80B | -933M | -1.67B | 434M | -5.46B | -8.48B | -764M | 2.84B |
| Ratios | |||||||||||
| ROE | 1.6% | 1.8% | 13.5% | 15.7% | 10.3% | 12.4% | 20.1% | 20.0% | -16.7% | -20.6% | -25.8% |
| ROA | 1.5% | 1.5% | 3.0% | 4.4% | 4.0% | 3.6% | 7.6% | 6.6% | -4.1% | -4.4% | -4.9% |
| Net Profit Margin | 6.2% | 6.3% | 3.7% | 5.9% | 5.8% | 4.9% | 7.6% | 8.6% | -6.6% | -9.4% | -12.9% |
| Debt to Equity | 0.00x | 0.03x | 1.07x | 0.92x | 0.42x | 0.58x | 0.16x | 0.34x | 1.19x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
JA Solar Technology Co Ltd dividends
- Dividend yield
- 3.22%
- Forward dividend
- -
- Payout ratio
- -
- Ex-dividend date
- May 30, 2024
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 686M | 0.21 | - |
| 2024 | CNY 1.85B | 0.56 | - |
| 2023 | CNY 566M | 0.17 | 8.0% |
| 2022 | CNY 252M | 0.08 | 4.5% |
| 2021 | CNY 653M | 0.21 | 32.0% |
| 2020 | CNY 498M | 0.18 | 33.0% |
| 2019 | CNY 2.01B | 1.04 | 160.7% |
| 2018 | CNY 584M | 0.31 | 81.1% |
| 2017 | CNY 10.7K | 0.00 | 0.0% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1.4:1 on Apr 25, 2023.
Who owns JA Solar Technology Co Ltd
- Insiders 50.39%
- Institutions 5.92%
- Public & others 43.70%
- Shares outstanding 3.31B
- Free float 1.64B
JA Solar Technology Co Ltd company profile
- Company name
- JA Solar Technology Co Ltd
- Ticker
- 002459.SHE
- ISIN
- CNE100000SD1
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Aug 10, 2010
- Sector
- Technology
- Industry
- Machinery
- Employees
- 25,260
- Fiscal year end
- December
- Address
- No. 8 Building, Beijing, China, 100160
- Phone
- 86 10 6361 1888
- Website
- jasolar.com
About JA Solar Technology Co Ltd
JA Solar Technology Co., Ltd. engages in the production and sales of monocrystalline silicon rods and wafers in Europe, Africa, China, the United States, Asia, Oceania, and internationally. The company offers PV modules; energy storage products; and PV materials, including single crystal furnace, graphites, stencil, PV paste, EVA film, aluminium frame, junction box, and carbon/carbon composite materials. It also provides large-scale power plant solutions, including conventional centralized PV power plants, agri voltaics, floating solar PV power plants, and other forms; multi-energy power plants with wind and solar storage, source-grid-load-storage integrated power plants, and other energy solutions. In addition, the company offers distributed commercial solutions; household PV system solutions; carbon-free power plants; and BESS solutions. It serves photovoltaic power plant investors, engineering contractors, and distributors of distributed photovoltaic systems. JA Solar Technology Co., Ltd. was founded in 2000 and is based in Beijing, China.
JA Solar Technology Co Ltd management
5- Mr. Baofang JinChairman & GM · born 1952
- Mr. Peng SunCFO, Head of Accounting Department & Accounting Supervisor · born 1984
- Mr. Aiqing YangDeputy GM & Director · born 1981
- Mr. Shilong QinBoard Secretary · born 1986
- Mr. Shaohui Li CPADeputy General Manager · born 1974