JA Solar navigates challenges, prioritizes long-term growth in 2024

JA Solar Technology (SZSE: 002459) reported a challenging 2024 in its annual report, acknowledging substantial deterioration in profitability due to supply-demand imbalances and pricing pressures within the photovoltaic industry. The company recorded operating revenue of CNY70.12 billion, but net profit attributable to shareholders was negative at CNY-4.65 billion. The results prompted significant asset impairment provisions.