JA Solar reported revenue of CNY 28.113 billion for the first nine months of 2026, a 23.62% decline from the same period a year earlier. Net loss attributable to shareholders increased to CNY 3.64 billion, compared with CNY 3.558 billion previously. Excluding non-recurring items, the loss reached CNY 4.137 billion.
Third-quarter revenue fell 17.74% year on year to CNY 10.616 billion. The quarterly net loss attributable to shareholders narrowed slightly to CNY 974 million, from CNY 977 million a year earlier. Solar cell and module shipments totaled 36.22 GW during the first nine months, including 68 MW for internal use. Overseas markets represented 60.92% of module shipments.
JA Solar’s net operating cash flow fell 14.95% to CNY 3.981 billion. The company attributed its losses to weak industry pricing, increased asset impairment charges and higher contractual compensation costs.
Tongwei signed cooperation agreements covering 1 GW of its TNC 2.0 FULLX modules with Australian distributors Blue Sun Group, Supply Partners and OSW at the All-Energy Australia exhibition in Melbourne. The company is targeting Australia’s residential rooftop market with modules it describes as combining high output and reliability with an all-black design. Tongwei said its cumulative module shipments to Australia had surpassed 1 GW and that it had received EUPD Research’s Top Brand PV award in Australia for a second consecutive year.
Jinko Holdings Limited, formerly JinkoSolar Holding Co., Ltd., said its corporate name change had taken effect after shareholder approval. Its New York Stock Exchange ticker, JKS, remains unchanged. The company said the new name reflects its shift toward a diversified investment holding platform. It will retain its controlling interest in Shanghai-listed Jinko Solar Co., Ltd. and expand investments in artificial intelligence, advanced materials, commercial space and other emerging technologies. Jinko also plans to issue quarterly updates on significant portfolio developments.
Solar encapsulation film manufacturer HIUV reported first-nine-month revenue of CNY 960 million, up 10.3% year on year. Its net loss attributable to shareholders narrowed to CNY 60.24 million, from CNY 208 million a year earlier. Third-quarter revenue rose 47.3% to CNY 349 million, while the quarterly loss narrowed to CNY 12.68 million from CNY 74.58 million. HIUV recorded a third-quarter gross margin of 7.84% and said higher PV encapsulation film sales volumes supported revenue growth. Its net operating cash flow for the first nine months was negative CNY 101 million.
Solar equipment supplier Maxwell Technologies said it plans to end a proposed public offering of convertible bonds worth up to CNY 1.967 billion. The proceeds were intended to fund a perovskite tandem solar cell equipment manufacturing project, with the fundraising plan initially announced in 2025. The board unanimously approved the termination, citing operating conditions, its long-term strategy and current solar industry market conditions. Independent directors said the decision would not materially affect normal operations or long-term development. The proposal still requires shareholder approval at an extraordinary general meeting scheduled for Nov. 13.
Sources: pv magazine.