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JA Solar Announces Fourth Quarter And Fiscal Year 2012 Results

Stocks in this article: JASO

Business Outlook

For the first quarter of 2013, the Company expects total cell and module shipments to be between 410MW and 430MW. For the full year 2013, the Company expects total cell and module shipments to be between 1.7 GW and 1.9 GW.

Manufacturing Capacity Update

In the fourth quarter of 2012, in an effort to streamline production processes and increase production efficiency, JA Solar retired 300 MW of cell production capacity and 300 MW of module production capacity. As of December 31, 2012, JA Solar had an annual wafer production capacity of 1.0 GW, an annual cell production capacity of 2.5 GW and an annual module production capacity of 1.8 GW. JA Solar intends to maintain its annualized wafer, cell, and module capacities in 2013.

Investor Conference Call / Webcast Details

A conference call has been scheduled for today, March 25, 2013, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time). The call may be accessed by dialing +65-6723-9381 (international), +1-718-354-1231 (U.S.), or +852-2475-0994 (Hong Kong). The passcode is "JA Solar." A live webcast of the conference call will be available on the Company's website at . A replay of the call will be available beginning two hours after the live call and will be accessible by dialing +61-2-8199-0299 (international) or +1-646-254-3697 (U.S.). The passcode for the replay is 21985565.

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 New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York as of December 31, 2012, which was RMB 6.2301 to $1.00. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized or settled into U.S. dollars at that rate on December 31, 2012, or at any other date. The percentages stated in this press release are calculated based on Renminbi.

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