JA Solar Technology Co Ltd Announces Global Solar Sustainable Alliance Initiative
On May 25, 2025, JA Solar Technology Co., Ltd., a leading company in the solar equipment sector, announced the launch of the “Global Solar Sustainable Alliance (GSSA)” at the UN Global Compact’s (UNGC) Inaugural Global Business Summit in Jakarta, Indonesia. This initiative was unveiled alongside 23 other leading solar companies, including Jinko Solar, Tongwei, LONGi, and GCL Group, among other core upstream suppliers.
The summit, attended by distinguished leaders from government, industry, and academia, featured notable figures such as United Nations Global Compact Assistant Secretary-General and CEO Sanda Ojiambo, United Nations Resident Coordinator in China Siddharth Chatterjee, Chairman of the National Economic Council of the Republic of Indonesia H.E. Luhut B. Pandjaitan, and Founder and co-chairman of Bridgewater Associates Ray Dalio.
JA Solar Technology Co., Ltd., headquartered in Beijing, China, specializes in the development, manufacturing, and sale of solar equipment, including solar wafers, cells, and modules. The company also engineers solar plants and markets its products globally. Listed on the Shenzhen Stock Exchange, JA Solar has a market capitalization of 313.4 billion CNH and a close price of 9.48 CNH as of May 25, 2025. Despite a negative price-to-earnings ratio of -5.54, the company remains a significant player in the solar industry.
In related financial news, the solar sector has seen positive momentum. The China Securities Journal reported that JA Solar Technology Co., Ltd. received approval from the China Securities Regulatory Commission for its application materials regarding the issuance of H-shares. This development could potentially enhance the company’s access to international capital markets.
Additionally, the photovoltaic ETF fund (159863) experienced a rise, driven by favorable policy announcements. The National Development and Reform Commission’s approval of the “Manufacturing Industry Green and Low-Carbon Development Action Plan (2025-2027)” is expected to bolster the solar industry. The plan emphasizes green technology innovation, deep green transformation of traditional industries, and the promotion of clean energy and green products.
Analysts from institutions like China International Capital Corporation and CITIC Securities have highlighted the significant potential of the solar industry under the dual carbon goals. They anticipate a fundamental turnaround in the solar industry in 2025, driven by market regulation and industry self-discipline. The current low valuation of the solar sector presents investment opportunities, particularly for companies leading in niche segments and new technologies.
The photovoltaic ETF fund closely tracks the China Photovoltaic Industry Index, which comprises up to 50 representative stocks from the solar industry chain, reflecting the overall performance of solar industry stocks. As of May 26, 2025, the index saw an increase of 0.81%, with key components like Union Hongxin (003022) and Hengyuan Green Energy (603185) experiencing significant gains.
Overall, the launch of the Global Solar Sustainable Alliance and supportive policy measures are expected to drive further growth and innovation in the solar industry, positioning companies like JA Solar Technology Co., Ltd. at the forefront of sustainable energy solutions.