JA Solar Technology Co., Ltd. 2025 Annual Report
April 2026
Section I. Important Notice, Contents and Definitions
The Board of Directors, as well as directors, and senior managers of the Company are responsible for the authenticity, accuracy and completeness of the information contained in this Annual Report without false records, misleading statements or material omissions, and assume joint and several liability therefor.
Jin Baofang, head of the Company, and Sun Peng, head of accounting affairs and head of accounting department, represent that they are responsible for the authenticity, accuracy and completeness of the financial statements in this Annual Report. All directors were present in the board meeting that reviewed this Report.
The forward-looking statements, future plans, and business objectives mentioned in this Report do not constitute a substantive commitment by the Company to investors. Investors and relevant persons are required to maintain sufficient risk awareness and understand the differences between plans, forecasts, and commitments. Investors need to know there are risks in investments.
Please refer to XI Outlook for Future Development in Section III Management Discussion and Analysis for details on the potential risks inherent in the Company’s operations.
The Company has decided not to distribute cash dividends, issue bonus shares, or convert its capital reserve into share capital.
Contents
Section I. Important Notice, Contents and Definitions 2
Section II. Company Profile and Major Financial Indicators 7
Section III. Management Discussion and Analysis 12
Section IV. Company Governance, Environment and Society 44
Section V. Important Matters 66
Section VI. Changes in Shares and Shareholders 118
Section VII. Bonds 125
Section VIII. Financial Statements 129
List of documents to be checked
I. Financial statements bearing the signatures and seals of the head of the Company, the head of the accounting affairs, and the head of the accounting department;
II. Original auditor’s report bearing the seal of the accounting firm and the signatures of the CPAs;
III. Formal copies of all Company documents and the original announcements publicly disclosed in the media designated by CSRC; and
IV. The original full text and summary of the Company’s 2025 Annual Report bearing the signature of the Company’s legal representative.
The above documents are lodged in the Company’s Securities Affairs Department located in No. 8 Building, Nuode Center, No.1 Courtyard, East Auto Museum Road, Fengtai District, Beijing.