JA Technology: Expected net loss in 2024 4.50 billion yuan - 5.20 billion yuan

On January 23rd, JA Technology announced that it expects a net loss of 4.50 billion yuan to 5.20 billion yuan in 2024, and a net profit of about 7.039 billion yuan in the same period of the previous year. During the reporting period, the company gave full play to its global marketing service network advantages and brand advantages to further increase market development efforts, and the shipment of battery modules increased significantly year-on-year. However, due to the continuous impact of the mismatch between supply and demand in the photovoltaic industry, the market competition intensified, the prices of major products in various links fell sharply, and the international trade environment became increasingly severe, resulting in a continuous decline in the profitability of the company's main business during the reporting period.