LONDON, April 10, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free post-earnings analysis on JA Solar Holdings Co. Ltd (NASDAQ: JASO). On March 12, 2015, the company reported its financial results for Q4 FY14 and full-year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=JA%20Solar%20Holdings&d=10-Apr-2015&s=JASO to read our free earnings review on JA Solar Holdings Co. Ltd. (JA Solar). The company's net revenue grew 65.3% Y-o-Y in Q4 FY14 and 57.3% Y-o-Y for full-year FY14. Chairman and CEO of JA Solar, Baofang Jin, stated that the company's results in Q4 FY14 confirm the visibility it had coming into the quarter. He added that the strong results capped a year of achievement for JA Solar, in which the company solidified its position as a leader within the top tier of solar equipment producers. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=JA%20Solar%20Holdings&d=10-Apr-2015&s=JASO
Earnings Overview
During Q4 FY14, JA Solar's net revenue rose to RMB 3.58 billion ($576.40 million) from RMB 2.16 billion in Q4 FY13. The company's net revenue outperformed Bloomberg analysts' forecasts of RMB 3.38 billion in Q4 FY14. Furthermore, JA Solar's total shipments increased 43.2% to 952.7 megawatts (MW) in Q4 FY14 from 665.5 MW in Q4 FY13. Free research on JASO can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=JA%20Solar%20Holdings&d=10-Apr-2015&s=JASO
In Q4 FY14, JA Solar's income from operations was RMB 222.41 million ($35.85 million), compared to RMB 58.87 million ($9.5 million) in Q4 FY13. GAAP net income attributable to JA Solar stood at RMB 153.08 million ($24.67 million), or RMB 0.51 ($0.08) per diluted share, for Q4 FY14, compared to RMB 142.38 million, or RMB 0.38 per diluted share, in Q4 FY13. The company's earnings per diluted American Depositary Share (ADS) in Q4 FY14 were RMB 2.55 ($0.41) compared to RMB 1.92 ($0.31) in Q4 FY13. Analysts from Bloomberg had expected the company to report GAAP net income attributable to JA Solar of RMB 105.78 million and earnings per diluted ADS of RMB 2.07, in Q4 FY14. Moreover, non-GAAP net income attributable to JA Solar stood at RMB 104.42 million ($16.83 million), or RMB 0.35 ($0.06) per diluted share, in Q4 FY14, compared to RMB 55.13 million, or RMB 0.19 per diluted share, in Q4 FY13.
For FY14, JA Solar's net revenue stood at RMB 11.30 billion ($1.82 billion) compared to RMB 7.18 billion ($1.2 billion) in FY13. The company's net revenue for FY14 outperformed Bloomberg analysts' forecasts of RMB 11.03 billion. In FY14, JA Solar's total shipments grew to 3.06 gigawatts (GW) from 2.07 GW in FY13.
During FY14, JA Solar's income from operations came in at RMB 662.51 million ($106.78 million), compared to loss from operations of RMB 91.25 million ($14.7 million) in FY13. The company reported GAAP net income attributable to JA Solar of RMB 423.77 million ($68.30 million), or RMB 1.38 ($0.22) per diluted share, in FY14 compared to GAAP net loss attributable to JA Solar of RMB 473.68 million, or RMB 2.35 loss per diluted share, in FY13. The company's FY14 earnings per diluted ADS were RMB 6.88 ($1.11) compared to a loss per diluted ADS of RMB 11.76 ($1.89) in FY13. Analysts from Bloomberg had expected GAAP net income attributable to JA Solar of RMB 359.05 million, and earnings per diluted ADS of RMB 5.99, in FY14. Sign up and read the free analyst's notes on JASO at:
http://get.Investor-Edge.com/pdf/?c=JA%20Solar%20Holdings&d=10-Apr-2015&s=JASO
In FY14, the company generated positive operating cash flow of RMB 526.2 million ($84.8 million). As of December 31, 2014, JA Solar had cash and cash equivalents of RMB 2.16 billion ($347.32 million) and total working capital of RMB 2.0 billion ($325.6 million).
In its outlook for Q1 FY15, JA Solar expects total cell and module shipments to be in the range of 680 MW to 750 MW. The company also anticipates full-year FY15 shipments to be in the range of 3.6 GW to 4.0 GW, including 200 MW to 300 MW of modules shipments to the company's downstream projects. Visit Investor-Edge and access the latest research on JASO at:
http://get.Investor-Edge.com/pdf/?c=JA%20Solar%20Holdings&d=10-Apr-2015&s=JASO
Stock Performance
On the day of the earnings release, March 12, 2015, JA Solar's stock edged 0.33% higher to end the session at $9.04. Since then, the stock has moved both ways with gains outperforming losses. On the last close, Thursday, April 09, 2015, JA Solar's shares finished 0.72% higher at $9.80. The company's shares vacillated between $9.75 and $9.91 during the session. A total of 0.89 million shares were traded which was below their three months average volume of 1.60 million shares. The stock has fallen by 0.51% in the previous three trading sessions. However, over the last one month and over the past three months, the company's shares have gained 9.01% and 23.58%, respectively. Shares in JA Solar closed above their 50-day and 200-day moving averages of $9.02 and $8.93, respectively. Furthermore, the stock traded at a PE ratio of 13.11.
Sneak Peek to Corporate Insider Trading
In the last one month, JA Solar has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on JASO is available at:
http://get.Investor-Edge.com/pdf/?c=JA%20Solar%20Holdings&d=10-Apr-2015&s=JASO
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