JA Solar Holdings Q1 Profit Declines - Quick Facts

(RTTNews) - JA Solar Holdings Co., Ltd. (JASO) reported that its first-quarter net income attributable to the company was RMB 35.5 million or $5.7 million, down from RMB 82.6 million in the comparable quarter last year. Earnings per ADS were RMB 0.59 or $0.10, compared to RMB 1.41 or $0.23 in the first quarter of 2014.

Non-GAAP earnings per ADS were RMB 0.82 or $0.13, compared to RMB 1.99 or $0.32 in the prior year.

Net revenue was RMB 2.4 billion or $387.7 million, an increase of 5.6% from RMB 2.3 billion last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.32 per share and revenues of $410.41 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter of 2015, the company expects total cell and module shipments to be in the range of 680 MW to 720 MW. Full year 2015 shipments are expected to be in the range of 3.6 GW to 4.0 GW, including 200 MW of modules shipments to the Company's downstream projects.