JA Solar Sees Q2 Shipments of 400MW; In Line with Previous Shipment Guidance

JA Solar Holdings Co., Ltd. JASO today announced selected preliminary unaudited financial results for the second quarter of 2011. Shipments for the second quarter of 2011 are expected to be approximately 400MW, in line with the Company's previously provided shipment guidance. Gross profits were affected by inventory provisions recorded on high-cost inventory. As a result, gross margin is expected to be in a negative low single digit range.