Reporter｜Mayar

In the third quarter, prices in the photovoltaic industry chain rose, and the losses of the top four component manufacturers shrunk significantly. However, the resulting gains were not reflected in the performance of JA Solar Technology (002459.SZ).

According to the interface news statistics on the third-quarter performance of the four leading components, JA Solar Technology is the only company that saw an increase in net loss for that quarter among the four leading companies in the industry.

In the first three quarters of this year, JA Solar Technology suffered net losses of RMB 1.638 billion, RMB 942 million and RMB 973 million respectively.

On November 4th, JA Solar Technology responded to an interview from Jiji News about its performance, stating that the photovoltaic industry is still at the bottom of its operating cycle in the third quarter. Upstream price transmission is lagging beh

The company promotes a high-quality order strategy and establishes a mechanism for order profit margin red lines. However, cost control still faces challenges, making it difficult for the gross profit margin to quickly turn positive, squeezing profit

Jing'ao Technology also stated that its gross profit margin showed a further optimization trend in the third quarter. Although it did not turn positive, it continued the trend of continuous improvement in gross profit margin during the year.

Last year, JA Solar Technology also performed unusually among leading companies. In the third quarter of last year, when many leading photovoltaic companies were losing money, the company earned 390 million yuan in a single quarter, far exceeding mar

However, in the fourth quarter of that year, due to asset impairment losses, JA Solar Technology suffered a huge loss, with a loss of 4.17 billion yuan in a single quarter.

In terms of other financial indicators, the net cash flow generated by JA Solar Technology's operating activities from January to September surged 1916.16% to 4.695 billion yuan.

An increase in net cash flow from operating activities generally indicates that a company has achieved more cash inflows from its main business.

The company explained that this was mainly due to the intensified competition in the photovoltaic industry, with the decrease in component prices and shipments leading to a comprehensive reduction in sales collections, expenditures related to materia

In the first three quarters, JA Solar Technology shipped 51.96 GW of battery components, with overseas shipments accounting for 49.78%.

Among the top four components leaders, Longi Green Energy (601012.SH) had the lowest net loss in both the first three quarters and the third quarter alone.

In particular, the third quarter net loss of Longi Green Energy decreased to 834 million yuan, with a decrease of 26.45% month on month and approximately 32% year on year.

The company mentioned in its financial report that the unit manufacturing cost of major products, period expenses, and asset impairment losses have decreased rapidly during the period.

In the first three quarters of this year, Longi Green Energy achieved an external sales volume of 38.15 GW for silicon wafers and 63.43 GW for battery components. Its BC component sales for the same period totaled 14.48 GW.

According to Longi Green Energy, its current BC second-generation module conversion efficiency is 24.8%, with a yield rate of over 97%. The mass production efficiency of its launched HIBC module is 25.9%.

For the first nine months of this year, Longi Green Energy has achieved a positive net cash flow from operating activities, reaching 1.819 billion yuan, compared to a negative 8.367 billion yuan in the same period last year. Additionally, the company

Jinko Energy (688223.SH) has been losing for four consecutive quarters since the end of last year, but following the industry trend, it has also seen some improvement in the third quarter.

In the first three quarters, Jinko Energy achieved a revenue of 47.986 billion yuan, with a net loss attributable to shareholders of 3.92 billion yuan. The company reduced its loss by 5.08 billion yuan compared to the previous period, becoming the en

JK Energy told the Interfzone News that its performance improvement was due to the rational recovery of industry bidding prices, the increase in shipments of high-power components driving up the average delivery price, and the surge in high-value mar

At the cash flow level, Jinko Energy's operating cash flow narrowed from -3.812 billion in the first half to -1.341 billion.

JinKou Energy has currently established a production capacity exceeding 20 GW of high-power energy. The company indicates that it is expected to achieve an advanced capacity layout of 40-50 GW by the end of the year. According to the data provided, t

In the first three quarters of this year, Jinko Energy's component shipments reached 61.85 GW. This means that for the first three quarters, Jinko has temporarily ceded its position as the leading shipper to Longi Green Energy.

Trina Solar (688599.SH) is the leading company with the largest loss among the four. Its operating income is 49.97 billion yuan, a year-on-year decrease of 20.87%; the net loss is 4.201 billion yuan.

Among them, the net loss in the third quarter was 1.283 billion yuan, which was 315 million yuan less than the loss in the second quarter.

Unlike other component manufacturers, Trina Solar is putting great efforts into the energy storage business. On the same day when it announced its performance, the company announced that its subsidiary Trina Solar Energy Storage had signed a sales co

In September this year, Trina Solar announced the signing of three energy storage product sales contracts with customers in China, Latin America, and the Asia-Pacific market, with a total scale of 2.48 GWh, including the first overseas GWh-level grid

By 2025, Trina Solar's energy storage business is targeting to ship more than 8 GWh of products, with overseas market share accounting for about 60%.

In the third-quarter financial report, the contract liability of Tianhe rose from 2.184 billion yuan at the end of last year to 3.68 billion yuan.