JA Solar Technology Co Ltd (002459) - Net Assets
Based on the latest financial reports, JA Solar Technology Co Ltd (002459) has net assets worth CN¥21.39 Billion CNY (≈ $3.13 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥102.22 Billion ≈ $14.96 Billion USD) and total liabilities (CN¥80.82 Billion ≈ $11.83 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore JA Solar Technology Co Ltd balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥21.39 Billion |
| % of Total Assets | 20.93% |
| Annual Growth Rate | 39.23% |
| 5-Year Change | 34.31% |
| 10-Year Change | 1716.1% |
| Growth Volatility | 123.55 |
JA Solar Technology Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how JA Solar Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of JA Solar Technology Co Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for JA Solar Technology Co Ltd (2007–2025)
The table below shows the annual net assets of JA Solar Technology Co Ltd from 2007 to 2025. For live valuation and market cap data, see JA Solar Technology Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥22.45 Billion ≈ $3.29 Billion |
-21.29% |
| 2024-12-31 | CN¥28.53 Billion ≈ $4.17 Billion |
-24.93% |
| 2023-12-31 | CN¥38.00 Billion ≈ $5.56 Billion |
+25.87% |
| 2022-12-31 | CN¥30.19 Billion ≈ $4.42 Billion |
+80.61% |
| 2021-12-31 | CN¥16.72 Billion ≈ $2.45 Billion |
+12.65% |
| 2020-12-31 | CN¥14.84 Billion ≈ $2.17 Billion |
+78.90% |
| 2019-12-31 | CN¥8.29 Billion ≈ $1.21 Billion |
+48.03% |
| 2018-12-31 | CN¥5.60 Billion ≈ $819.96 Million |
+344.88% |
| 2017-12-31 | CN¥1.26 Billion ≈ $184.31 Million |
+1.87% |
| 2016-12-31 | CN¥1.24 Billion ≈ $180.92 Million |
+1.79% |
| 2015-12-31 | CN¥1.21 Billion ≈ $177.74 Million |
-19.79% |
| 2014-12-31 | CN¥1.51 Billion ≈ $221.58 Million |
+192.77% |
| 2013-12-31 | CN¥517.20 Million ≈ $75.68 Million |
-46.17% |
| 2012-12-31 | CN¥960.80 Million ≈ $140.60 Million |
-25.97% |
| 2011-12-31 | CN¥1.30 Billion ≈ $189.92 Million |
-2.13% |
| 2010-12-31 | CN¥1.33 Billion ≈ $194.05 Million |
+312.89% |
| 2009-12-31 | CN¥321.18 Million ≈ $47.00 Million |
+36.40% |
| 2008-12-31 | CN¥235.47 Million ≈ $34.46 Million |
+305.73% |
| 2007-12-31 | CN¥58.04 Million ≈ $8.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to JA Solar Technology Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 29137.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.98 Billion | 26.75% |
| Other Components | CN¥16.37 Billion | 73.25% |
| Total Equity | CN¥22.35 Billion | 100.00% |
JA Solar Technology Co Ltd Competitors by Market Cap
The table below lists competitors of JA Solar Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Miami International Holdings, Inc.
NYSE:MIAX
|
$3.42 Billion |
|
Sandstorm Gold Ltd N
TO:SSL
|
$3.42 Billion |
|
SEIKO EPSON CORP.ADR 1/2
F:SE7S
|
$3.43 Billion |
|
Enaex S.A
SN:ENAEX
|
$3.43 Billion |
|
Beiqi Foton Motor Co Ltd
SHG:600166
|
$3.42 Billion |
|
Dajin Heavy Industry Corp
SHE:002487
|
$3.42 Billion |
|
Union Semiconductor (Hefei) Co. Ltd. A
SHG:688403
|
$3.42 Billion |
|
Luxi Chemical Group Co Ltd
SHE:000830
|
$3.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JA Solar Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,896,248,000 to 22,346,583,216, a change of -5,549,664,784 (-19.9%).
- Net loss of 4,608,260,132 reduced equity.
- Dividend payments of 686,267,399 reduced retained earnings.
- Other factors decreased equity by 255,137,252.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-4.61 Billion | -20.62% |
| Dividends Paid | CN¥686.27 Million | -3.07% |
| Other Changes | CN¥-255.14 Million | -1.14% |
| Total Change | CN¥- | -19.89% |
Book Value vs Market Value Analysis
This analysis compares JA Solar Technology Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.00x to 1.05x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥2684518.59 | CN¥7.06 | x |
| 2008-12-31 | CN¥0.91 | CN¥7.06 | x |
| 2009-12-31 | CN¥0.99 | CN¥7.06 | x |
| 2010-12-31 | CN¥1.72 | CN¥7.06 | x |
| 2011-12-31 | CN¥1.83 | CN¥7.06 | x |
| 2012-12-31 | CN¥2.13 | CN¥7.06 | x |
| 2013-12-31 | CN¥1.15 | CN¥7.06 | x |
| 2014-12-31 | CN¥3.53 | CN¥7.06 | x |
| 2015-12-31 | CN¥0.75 | CN¥7.06 | x |
| 2016-12-31 | CN¥0.48 | CN¥7.06 | x |
| 2017-12-31 | CN¥0.48 | CN¥7.06 | x |
| 2018-12-31 | CN¥2.84 | CN¥7.06 | x |
| 2019-12-31 | CN¥4.14 | CN¥7.06 | x |
| 2020-12-31 | CN¥5.36 | CN¥7.06 | x |
| 2021-12-31 | CN¥5.26 | CN¥7.06 | x |
| 2022-12-31 | CN¥8.46 | CN¥7.06 | x |
| 2023-12-31 | CN¥10.48 | CN¥7.06 | x |
| 2024-12-31 | CN¥8.50 | CN¥7.06 | x |
| 2025-12-31 | CN¥6.75 | CN¥7.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JA Solar Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -20.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.38%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 4.70x
- Recent ROE (-20.62%) is below the historical average (0.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 38.21% | 4.22% | 1.10x | 8.23x | CN¥15.48 Million |
| 2008 | 25.07% | 7.25% | 0.92x | 3.74x | CN¥35.32 Million |
| 2009 | 25.47% | 8.13% | 0.80x | 3.93x | CN¥49.59 Million |
| 2010 | 7.48% | 9.05% | 0.52x | 1.60x | CN¥-33.35 Million |
| 2011 | 0.61% | 0.75% | 0.45x | 1.79x | CN¥-116.71 Million |
| 2012 | -34.30% | -64.46% | 0.21x | 2.54x | CN¥-410.70 Million |
| 2013 | -85.70% | -64.62% | 0.41x | 3.26x | CN¥-479.28 Million |
| 2014 | 1.73% | 4.17% | 0.36x | 1.15x | CN¥-125.60 Million |
| 2015 | -26.50% | -99.87% | 0.24x | 1.11x | CN¥-443.35 Million |
| 2016 | 1.63% | 6.23% | 0.24x | 1.09x | CN¥-103.53 Million |
| 2017 | 1.76% | 6.26% | 0.25x | 1.14x | CN¥-103.79 Million |
| 2018 | 13.49% | 3.66% | 0.83x | 4.43x | CN¥186.18 Million |
| 2019 | 15.67% | 5.92% | 0.74x | 3.57x | CN¥453.02 Million |
| 2020 | 10.28% | 5.83% | 0.68x | 2.59x | CN¥40.97 Million |
| 2021 | 12.36% | 4.94% | 0.73x | 3.45x | CN¥389.20 Million |
| 2022 | 20.10% | 7.58% | 1.01x | 2.63x | CN¥2.78 Billion |
| 2023 | 20.05% | 8.63% | 0.77x | 3.04x | CN¥3.53 Billion |
| 2024 | -16.69% | -6.64% | 0.62x | 4.05x | CN¥-7.45 Billion |
| 2025 | -20.62% | -9.38% | 0.47x | 4.70x | CN¥-6.84 Billion |
Industry Comparison
This section compares JA Solar Technology Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $2,376,762,299
- Average return on equity (ROE) among peers: -9.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JA Solar Technology Co Ltd (002459) | CN¥21.39 Billion | 38.21% | 3.78x | $3.42 Billion |
| Shenzhen Topraysolar Co Ltd (002218) | $1.40 Billion | -0.38% | 1.28x | $717.49 Million |
| GCL System Integration Technology Co Ltd (002506) | $1.13 Billion | -103.24% | 15.22x | $2.00 Billion |
| Changzhou Almaden Co Ltd (002623) | $2.07 Billion | 2.97% | 0.11x | $374.33 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $3.66 Billion | -38.68% | 3.48x | $1.36 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $3.27 Billion | 0.58% | 0.91x | $943.02 Million |
| Gansu Golden Glass Technologies Co Ltd (300093) | $873.43 Million | 0.53% | 0.86x | $528.48 Million |
| Risen Energy (300118) | $7.54 Billion | 8.62% | 1.19x | $1.49 Billion |
| Lingda Group Co Ltd (300125) | $1.26 Billion | 1.17% | 0.88x | $727.84 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $185.30 Million | 41.35% | 0.98x | $848.26 Million |
About JA Solar Technology Co Ltd
JA Solar Technology Co., Ltd. engages in the production and processing of monocrystalline silicon rods and wafers in Europe, Africa, China, the United States, Asia, Oceania, and internationally. The company offers PV modules; energy storage products; and PV materials, including single crystal furnace, graphites, stencil, PV paste, EVA film, aluminium frame, junction box, and carbon/carbon composi… Read more