JA Solar reports significant net profit drop in Q1 2025

JA Solar Technology (SZSE:002459) announced a notable downturn in its financial performance for the first quarter of 2025. The company's revenue decreased to CNY10,672.29 million, a 33.18% drop compared to CNY15,971.50 million in the same period last year. Net profit attributable to shareholders plummeted to -CNY1,638.49 million, a substantial decline from -CNY482.83 million in Q1 2024. Basic and diluted earnings per share both stood at -CNY0.50. The company attributes the revenue decline to increased market competition and lower module prices. JA Solar's module shipments reached 15.65GW during the quarter. The company also announced plans to list on the Hong Kong Stock Exchange (HKEX).