JA Solar details bn yuan in new guarantee provisions

From November 1 to November 30, 2025, JA Solar Technology Co., Ltd. provided new guarantees totaling RMB29.522 billion for its consolidated subsidiaries, inter-subsidiary guarantees, and subsidiary guarantees for the parent company. This includes RMB17.521 billion for entities with a debt-to-asset ratio above 70% and RMB12.000 billion for those with a ratio below 70%. All guarantees fall within the scope approved by the company's shareholder general meeting.

The guarantees encompass financing-related activities such as loans, bank acceptance bills, foreign exchange derivative transactions, letters of credit, and performance bonds, as well as operational performance guarantees. The guarantees are of various types, including general guarantees, joint and several liability guarantees, mortgages, and pledges.

As of November 30, 2025, JA Solar’s total outstanding guarantees reached RMB59.895 billion, representing 214.71% of its audited net assets for 2024. This includes RMB56.782 billion for consolidated subsidiaries and RMB3.113 billion for non-consolidated entities. The company reported no overdue guarantees, no guarantees involved in litigation, and no losses from adjudicated guarantees.