JA Solar reports significant Q3 2025 losses amid market competition

JA Solar Technology reported a significant downturn in its Q3 2025 financial performance. For the nine months ended September 30, 2025, the company's operating revenue decreased by 32.27% year-over-year to 36,809,016,971.89 yuan. Net profit attributable to shareholders plummeted by 633.54%, resulting in a loss of 3,552,984,945.47 yuan. Basic and diluted earnings per share also fell by 620.00% to a loss of 1.08 yuan.

The decline was attributed to increased market competition, which led to lower per-watt prices and reduced shipments compared to the previous year. Despite the overall negative performance, cash flow from operating activities saw a substantial increase of 1,916.16%, reaching 4,694,998,701.86 yuan.

Total assets for the period ended September 30, 2025, were 105,379,777,943.78 yuan, a decrease of 6.71% from the end of the previous year. The company's total liabilities also decreased by 2.77%, while total shareholder equity decreased by 16.93% to 23,173,614,096.83 yuan.