JA Solar announces key takeaways from Valencia analyst day

VALENCIA, SPAIN: JA Solar Holdings Co. Ltd, a leading manufacturer of high-performance solar power products, hosted an Analyst Day event during the 25th PVSEC Expo on Sept.7, 2010 in Valencia, Spain.

Dr. Peng Fang, CEO, Ms. Anthea Chung, CFO, and Mr. Ming Yang, VP of Business Development and Corporate Communications spoke at the event, and outlined JA Solar's recent accomplishments and future plans.

Some key takeaways from the management presentations included:

Dr. Peng Fang, CEO:
* Business momentum remains strong, with improving visibility to 2011 based on customer orders. The company continues to see strong orders from new and existing customers, with customers' requirements exceeding current productive capacity.
* JA Solar's second quarter 2010 shipment of 311 MW was the highest in the company's history, due to market share increases from new and existing customers.
* JA Solar announced year-end 2010 capacity of 1.8 GW with actual productive capacity of 1.4 GW at the end of Q2 2010. JA Solar believes it is currently the largest pure-play solar cell company in the world.
* The company successfully launched its next-generation SECIUM solar cells, at 18.9 percent efficiency.
* The company raised its 2010 shipment guidance to 1.35 GW based on robust customer orders.

Ms. Anthea Chung, CFO:
* Second quarter 2010 revenue of $351.2 million was a 25 percent increase over Q1 2010 revenue. Customers outside of China increased to 46 percent of revenue, compared with 36 percent in the first quarter.
* JA Solar's balance sheet remains healthy with a cash balance of $324.6 million and working capital of $535.9 million, giving the company the ability to further expand its production capacity as needed.

Ming Yang, VP of Business Development and Corporate Communications:
* The company will continue to invest in sales and marketing to support a global sales network.
* JA has strengthened its relationships with key customers and expanded partnerships with strategic new customers, growing its customer base worldwide, including Germany, Italy, US, Spain, India, Korea, China and Japan.
* The company has created several strategic partnerships with industry leaders such as BP Solar, MEMC and SolarFabrik, signifying future growth opportunities.