JA Solar Technology Co., Ltd.
ENGLISH TRANSLATION OF CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR 1 JANUARY 2025 TO 31 DECEMBER 2025
AUDITOR’S REPORT
To the shareholders of JA Solar Technology Co., Ltd.:
Opinion
We have audited the accompanying financial statements of JA Solar Technology Co., Ltd. (“JA Solar Technology”), which comprise the consolidated and company balance sheets as at 31 December 2025, the consolidated and company income statements, the consolidated and company cash flow statements, the consolidated and company statements of changes in shareholders’ equity for the year then ended, and notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the consolidated and company financial position of JA Solar Technology as at 31 December 2025, and the consolidated and company financial performance and cash flows of JA Solar Technology for the year then ended in accordance with Accounting Standards for Business Enterprises issued by the Ministry of Finance of the People’s Republic of China.
Basis for Opinion
We conducted our audit in accordance with China Standards on Auditing for Certified Public Accountants (“CSAs”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of JA Solar Technology in accordance with the China Code of Ethics and the independence requirements under the “Independence Standard for Chinese Certified Public Accountants No.1 – Requirements for Independence in Audit and Review of Financial Statements” applicable to the audit of financial statements of public interest entities for Certified Public Accountants (“the Code”), and we have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key Audit Matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.
Revenue recognition
Please refer to the accounting policy described in Note 25 under “III. Significant accounting policies and accounting estimates”, as well as Note 49 under “V. Notes to the consolidated financial statements” and Note 4 under “XVIII. Notes to the Company’s financial statements” to JA Solar Technology’s financial statements.