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Level2StockQuotes.com - Penny stocks Alert, Watch: JA Solar Holdings, Co., Ltd. Nasdaq: JASO

Business Summary: JASO
JA Solar Holdings Co., Ltd. is a fast growing manufacturer of high-performance solar cells that is advancing solar photovoltaics as a financially viable yet sustainable solution to balance the world's environment and energy needs. The Company sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity.

Article: More on JASO
JA Solar Holdings Co., Ltd. (JA Solar) is a manufacturer of solar cells based in China. The Company designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers. Its solar cells are assembled and integrated into solar modules and systems that convert sunlight into electricity through a process known as the photovoltaic effect. Substantially all of the Company’s business is conducted through an operating subsidiary established in China, JingAo Solar Co., Ltd. Solar modules and systems that incorporate the Company’s products are distributed globally, including to end customers in China, Germany, Sweden, Spain, South Korea and the United States. Its monocrystalline solar cells have achieved conversion efficiency rates in the range of 16.1% to 16.9%. In December 2007, JA Solar entered into a sales contract with Solaria Energia y Medioambiente. S.A., under which it agreed to sell up to 60 megawatts of solar cells to Solaria Energia.

SHANGHAI, May 19 /PRNewswire-FirstCall/ -- JA Solar Holdings Co., Ltd., (Nasdaq: JASO) a leading manufacturer of high-performance solar products, today announced financial results for its first quarter ended March 31, 2009.
First Quarter 2009 Results

Revenue in the first quarter of 2009 was RMB 231.7 million ($33.9 million), a decrease of 79.4 percent from RMB 1.1 billion ($164.2 million) in the first quarter of 2008 and a decrease of 76.3 percent from RMB 979.0 million ($143.3 million) reported in the fourth quarter of 2008.

Total gross loss in the first quarter was RMB 142.7 million (a loss of $20.9 million), compared with gross profit of RMB 235.9 million ($34.5 million) in the first quarter of 2008, and gross profit of RMB 9.7 million ($1.4 million) in the fourth quarter of 2008. Inventory provision at the end of the first quarter of 2009 was RMB 138.4 million ($20.3 million), an increase of RMB 60.4 million ($8.8 million) compared with the balance at the end of the fourth quarter of 2008.

Products:

High efficiency and stable performance in photovoltaic conversion.
Advanced diffusion technique ensuring the homogeneity of energy conversion efficiency of the cell.
Advanced PECVD film forming, providing a dark blue silicon nitride anti-reflection film of homogenous color and attractive appearance.
High quality metal paste for back surface and electrode, ensuring good conductivity, high pulling strength and ease of soldering.
High precision patterning using screen printing, ensuring accurate busbar location for ease with automatic soldering a laser cutting.

More information on JASO is available at their website: http://www.jasolar.com/

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