Total operating expenses were RMB 472.5 million ($75.8 million), compared with RMB 534.6 million ($85.8 million) in the third quarter of 2012 and 496.7 million ($79.7 million) in the fourth quarter of 2011. Total operating expenses in the fourth quarter of 2012 included an accounts receivable provision of RMB 134.1 million ($21.5 million), and a long-lived asset impairment of RMB 147.1 million ($23.6 million) related to the retirement of 300 MW of outdated cell production capacity and 300 MW of outdated module production capacity.Operating loss in the fourth quarter of 2012 was RMB 549.6 million ($88.2 million), compared with an operating loss of RMB 631.3 million ($101.3 million) in the third quarter of 2012 and an operating loss of RMB 487.6 million ($78.3 million) in the fourth quarter of 2011. Operating margin was negative 32.9% in the fourth quarter of 2012, compared with a negative operating margin of 38.5% in the third quarter of 2012 and a negative operating margin of 25.1% in the fourth quarter of 2011.
JA Solar Announces Fourth Quarter And Fiscal Year 2012 Results
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