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Last $7.66 USD
Change Today +0.13 / 1.73%
Volume 734.1K
JASO On Other Exchanges
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As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

ja solar holdings co ltd-adr (JASO) Key Developments

JA Solar Holdings Co., Ltd. Announces Formation of Special Committee to Evaluate Going Private Proposal

JA Solar Holdings Co., Ltd. announced that its board of directors has established a special committee solely consisting of independent and disinterested directors to consider the non-binding proposal letter, dated June 5, 2015, from a buyer group comprised of Mr. Baofang Jin, Chairman and Chief Executive Officer of the Company, and Jinglong Group Co., Ltd., a British Virgin Islands company of which Mr. Baofang Jin is the sole director, to acquire all of the outstanding shares of the Company not currently owned by the Buyer Group members in a going private transaction. The special committee is composed of the following independent and disinterested directors of the Company: Mr. Shaohua Jia and Mr. Yuwen Zhao. Mr. Shaohua Jia will be the Chairperson of the Special Committee. The Special Committee intends to engage a legal counsel and an independent financial advisor for assistance in its work.

JA Solar Holdings Co. and Essel Infraprojects Limited Ink Memorandum of Understanding on 500MW PV JV

JA Solar Holdings Co. reported that it has signed a Memorandum of Understanding (the MOU) with Essel Infraprojects Limited to establish a solar cell and module manufacturing facility joint venture. The MOU declares a 500MW production capacity for the JV and outlines the duties of each party.

JA Solar Holdings Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Operating Guidance for the Second Quarter and Reiterates Operating Guidance for the Full Year 2015

JA Solar Holdings reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net revenue was $388 million, up 6% year-over-year but down 33% sequentially. Year-over-year growth was driven by higher shipment volumes, particularly in Japanese and European markets. Operating profit was $24 million for this quarter, resulting in operating margin of 6.2% compared to 7.1% in the fourth quarter of 2014. Net income was $5.6 million, which was down 79% sequentially and 59% year-over-year. Diluted earnings per ADS were $0.10. The company's non-GAAP earnings per ADS were $0.13, this compares to a non-GAAP earnings per ADS of $0.32 in the same quarter of last year and $0.28 in the fourth quarter of 2014. Debt increased slightly to it’s approximately $691 million. Net income attributable to the company was $5.7 million or $0.02 per ordinary share. On non-GAAP basis, the diluted EPS was $0.03. Operating cash flow was negative $38.2 million, compared to positive $32.0 million in the first quarter of 2014. Income before income taxes was $7,625,000. Non-GAAP net income attributable to the company was $7,972,000. Net income from continuing operations was $5,642,000. 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. The company reiterates its full year 2015, shipment guidance of 3.6 to 4 gigawatts. It sees 2015 shipments in the range of 3.6 GW to 4.0 GW, including 200 MW of modules shipments to the company's downstream projects.

JA Solar and Essel Group Form Joint Venture to Build $150 Million Facility in India

JA Solar and Essel Group have inked an agreement to form a joint venture to set up a facility worth $150 million in India with an aim to manufacture solar cell and modules. Essel Group has engaged in a partnership with JA Solar to set up a manufacturing firm for solar cell and module in India. The proposed JV company will build a manufacturing facility with a projected capital of $150 million. It aims to garner $30-45 million of the estimated cost through equity funding.

Soventix Chile SPA and JA Solar to Collaborate on Large-Scale Solar Power Projects in Chile

Soventix Chile SPA and JA Solar announced the establishment of a joint venture in Santiago de Chile that will develop large scale solar photovoltaic power projects in Chile. Soventix GmbH is increasingly concentrating its efforts on implementing solar projects outside of Europe, especially in countries which show strong market potential due to high solar radiation and increasing energy costs. Soventix and JA Solar see clear advantages to working together, which motivated the formation of this joint venture. For JA Solar collaboration with an established project developing company can lead to a more rapid penetration of this new market. The joint venture will initially cooperate on projects totaling 130 MW, all of which will use JA Solar modules. Both companies expect completion of the first collaborative projects in 2015.

 

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JASO

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Valuation JASO Industry Range
Price/Earnings 8.0x
Price/Sales 0.2x
Price/Book 0.4x
Price/Cash Flow 8.0x
TEV/Sales NM Not Meaningful
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