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
About Investor-Edge.com
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] www.investor-edge.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Investor-Edge
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article