JA Solar reports 36% revenue drop, 400m yuan buyback

JA Solar Technology reported a 36% decline in operating revenue to 23.9 billion yuan in the first half of 2025, swinging to a net loss of 2.58 billion yuan from market competition and declining product prices.

The company approved a share buyback plan of up to 400 million yuan for employee incentives, with a maximum repurchase price of 17.36 yuan per share. JA Solar also launched stock option and employee ownership plans to motivate key personnel.

The company closed its Baotou 20GW solar wafer project, reallocating remaining funds for other strategic initiatives.