JA Solar Holdings Co., Ltd. (JASO) reported that its first-quarter net loss available to ordinary shareholders narrowed to RMB 204.33 million or $32.90 million from the prior year's RMB 250.90 million. Loss per share for the quarter was RMB 1.06 or $0.17, compared to a loss of RMB 1.28 in the year ago quarter.
Loss per ADS in the first quarter of 2013 was RMB 5.29 or $0.85.
Net revenue in the first quarter of 2013 was RMB 1.7 billion or $270.0 million, an increase of 4.7% from RMB 1.6 billion or $258.0 million in the first quarter of 2012.
Total shipments in the first quarter of 2013 were 442.7 MW, consisting of 248.0 MW of modules, 189.5 MW of cells, and 5.2 MW of module and cell tolling. This represents an increase of 20.9% from 366 MW in the first quarter of 2012. The sequential decline in shipment volumes was primarily due to seasonality.
For the second quarter of 2013, the Company expects total shipments to be between 410 MW and 430 MW. The Company's full year guidance of 1.7 GW to 1.9 GW remains unchanged.
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