China's photovoltaic industry has grown rapidly in recent years, improving the international status of China's manufacturing industry. Similar to the high-speed rail industry, China's photovoltaic industry is one of the industries with real core competitiveness and leadership in the world. According to the statistics of China Photovoltaic Industry Association, the newly installed capacity of photovoltaic power generation in China in 2013-2017 was the first in the world for five consecutive years, and the cumulative installed capacity in 2015-2017 was the first in the world for three consecutive years. In 2017, the global production scale of all links in the industry chain exceeded 50%, and it continued to be the first in the world. At present, China's PV module production, photovoltaic cell production, wafer production and polysilicon production are among the highest in the world, and China's PV companies are also leading the world.
According to the report released by the International Energy Agency (IEA), the global energy sector is undergoing a major transformation, and renewable energy is increasingly becoming the core of total energy consumption growth. It is estimated that the installed capacity of solar photovoltaic power generation in the world will increase by nearly 600GW in 2018-2023. The total installed capacity of solar photovoltaic power generation will be around 1,000GW in 2023. The total installed capacity in the future will gradually surpass wind power, hydropower and coal power.
Recently, with the frequent movements of Tianye Tonglian, this marks the global photovoltaic leading, and the return of the solar-powered solar-powered back-to-back A-shares by JA Solar has taken another crucial step.
Since its inception, JA Solar has been focusing on the exploration, research and application of the photovoltaic industry. It is committed to solving the problem of affordable Internet access in the photovoltaic industry with innovative technologies and products. It currently covers silicon wafers, solar cells, solar modules and photovoltaics. The photovoltaic industry chain such as power station is one of the pioneers in the photovoltaic industry. At the same time, it has become one of the leading enterprises in the photovoltaic industry with complete industrial chain and coordinated structure. Jingao Solar has many production bases at home and abroad, and is located in Hebei, Jiangsu, Shanghai, Anhui, Inner Mongolia, Vietnam, Malaysia, etc. The product footprints are all over Europe, America, Japan, India, Southeast Asia, Latin America, Middle East and Africa. Countries and regions have established long-term and stable cooperative relations with core customers such as high-quality electric power companies and photovoltaic power system integrators, and enjoy a good reputation in the industry. At the same time, JA Solar has achieved competitive advantages such as excellent product quality and leading product performance. Its photovoltaic laboratory and photovoltaic products have also passed many certifications, further verifying the advancement and reliability of technology and products.
During the reporting period, JA Solar's profitability was good and its development was steady. In 2015, 2016, 2017 and the third quarter of 2018, JA Solar's unaudited consolidated operating income was RMB 14.019 billion, RMB 16.94 billion and RMB 20.55 billion, respectively. Yuanhe was 14.768 billion yuan. According to the statistics of China Photovoltaic Industry Association, JA Solar's solar cell module shipments ranked the top five in the world in 2015-2017, and reached the third in the world in 2017. In 2015-2017, JA Solar's solar cell production continued to be in the global market. Two, 2017 is the second in the world. The steady development of JA Solar and its leading position in the industry further demonstrate its strong industry and brand influence.
Under the background of the rapid development of the photovoltaic industry and the imminent realization of the domestic PV industry's affordable Internet access, JA Solar intends to obtain the A-share capital market operation platform through this transaction. In the future, it can actively use the A-share capital market platform to realize the financing and M&A integration functions. To improve capital strength and brand awareness, and then rapidly expand the scale of the company, determine the status of the industry's dominant enterprises, and lay a good foundation for the long-term development of JA Solar.
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