JA Solar Holdings Co. Ltd. (NASDAQ: JASO) is one of the
world’s largest producers of solar power products for residential, commercial
and utility-scale power generation. Founded in 2005 and based in Shanghai, the
company has quickly captured market share in the solar power space through a
focus on photovoltaic research and development, a commitment to driving
innovation and the consistent manufacture of high-performance solar power
products. In just over a decade, JASO quickly grew from an unknown startup to
the world’s fourth largest supplier of solar modules in 2015, according to data
from PV-Tech (http://dtn.fm/qI4Kh). Currently, the company boasts long standing
relationships with leading project developers and global distributors from
around the globe, with roughly 64 percent of its 2014 shipments bound for China
and Japan, 17 percent for Europe and 6 percent for America.
In March, JASO gave prospective shareholders additional
insight into its growth when it announced its unaudited financial results for the
fiscal year ended December 31, 2015 (http://dtn.fm/wKgJ4). Total shipments for
2015 were up by 28.8 percent from the previous year, totaling approximately 4.0
gigawatts. The result was a significant spike in net revenue, which climbed
from $1.7 billion in FY 2014 to $2.1 billion last year. Net income was also up,
with JASO reporting $94.9 million in 2015, compared to $69 million the previous
year, for an increase of more than 37 percent.
“Our fourth quarter results continued the momentum we built
throughout 2015,” Baofang Jin, chairman and chief executive officer of JASO,
stated in a news release. “We fulfilled strong demand across Asia, especially
in China, but also made meaningful advances in North America… We expect growth
of over 30%, as countries around the world continue to encourage the growth of
clean, renewable energy.”
Markets around the world are installing solar power products
at record rates. According to data from Texas-based Mercom Capital Group LLC
(http://dtn.fm/0R8xG), new installations are expected to climb to 64.7
gigawatts in 2016, up from 57.8 gigawatts in 2015. The report goes on to
highlight China as the largest solar market in the world, with forecasts
calling for approximately 19.5 gigawatts installed in 2016, pushed forward by rising
government installation targets. Strong growth is also expected in Japan, as
the country continues to shift its energy mix to include more renewables while
cutting back on the use of nuclear energy. With sizable market share in two of
the world’s three largest solar markets, JASO is strategically positioned for
strong financial growth in the months to come by continuing to bolster its
reputation as a leader in the solar power industry.
“We are able to capture this market growth due to our
industry-leading reputation for quality and value,” continued Jin. “We intend
to aggressively protect that reputation through our ongoing investment in
research and marketing.”
For more information, visit www.jasolar.com
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