JA Solar Holdings Q2 Profit Rises - Quick Facts

(RTTNews) - JA Solar Holdings Co., Ltd. (JASO) reported that its second-quarter net income attributable to the company was RMB 135.5 million or $21.9 million, up from RMB 34.8 million in the comparable quarter last year. Earnings per ADS were RMB 0.45 or $0.07, compared to RMB 0.12 in the prior year.

Non-GAAP earnings per ADS were RMB 0.33 or $0.05, compared to RMB 0.17 in the prior year.

Net revenue was RMB 2.71 billion or $436.79 million, up 11.8% from RMB 2.42 billion last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.12 per share and revenues of $398.65 million for the quarter. Analysts' estimates typically exclude special items.

For the third quarter of 2015, the company expects total cell and module shipments to be in the range of 900 MW to 950 MW. Based on the latest project development and permitting status, the cmpany now expects to ship 150 MW of modules to its downstream projects in 2015.