JA Solar Updates Guidance for Q4 2008

HEBEI, China, Dec. 10 /PRNewswire-FirstCall/ — JA Solar Holdings Co.,
Ltd., (Nasdaq: JASO) a manufacturer of high-performance solar cells, today
updated its Nov. 12, 2008 fourth quarter financial guidance.

The company now expects revenue in the fourth quarter to be approximately
RMB 843 million or $124 million compared with earlier guidance of RMB 1.3
billion or $191.5 million to RMB 1.5 billion or $220.9 million.

Guidance for gross margin to be in the range of 5 to 7 percent and non-
GAAP earnings per ADS to be approximately break-even remains the same.

JA Solar’s target for total production output has been updated to be in
the range of 250-260MW for 2008, from its earlier guidance of 310MW for 2008.
The nameplate annual production guidance remains at 600MW for the end of this

“Over the past few weeks, we have seen a dramatic slowdown in orders,
which we believe is related to macro economic conditions,” said Samuel Yang,
chief executive officer. “We remain positive about JA Solar’s overall
competitive position, and continue to expect profitable growth in 2009.”

About JA Solar Holdings Co., Ltd.

Based in Hebei, JA Solar Holdings Co., Ltd. is a manufacturer of high-
performance solar cells. The company sells its products to solar module
manufacturers who assemble and integrate its solar cells into modules and
systems that convert sunlight into electricity. For more information, please
visit http://www.jasolar.com.

Forward-looking Statement

This press release contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by words such as
“will,” “may,” “expect,” “anticipate,” “aim,” “intend,” “plan,” “believe,”
“estimate,” “potential,” “continue,” and other similar statements. Statements
other than statements of historical facts in this announcement are forward-
looking statements, including but not limited to, our expectations regarding
the expansion of our manufacturing capacities, our future business
development, and our beliefs regarding our production output and production
outlook. These forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions, estimates
and projections about the Company and the industry. Further information
regarding these and other risks is included in our registration statement on
Form F-1 and other documents filed with the Securities and Exchange
Commission. The Company undertakes no obligation to update forward-looking
statements, except as may be required by law. Although the Company believes
that the expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that its expectations will turn out to be
correct, and investors are cautioned that actual results may differ materially
from the anticipated results.

[Via http://www.prnewswire.com]

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