Segen Training November 2017

Shanghai, China

May 2005 / February 2007 (NASDAQ: JASO)

First-tier c-Si module brand

Successful transformation into a major solar module producer

World class quality with industry leading conversion efficiency

Bankable brand with 15 GW of products shipped

6 GW solar module by end of 2017

7 GW solar cell by end of 2017

3 GW silicon wafer by end of 2017

2016: 5.2GW

2017: 6.0 – 6.5 GW

High efficiency mono-crystalline and multi-crystalline cells and modules. Average conversion efficiency of CYPRESS2 cells in mass production:

− Monocrystalline: 19.9% PERC Mono: 21%

− Multicrystalline: 18.6%

15,000 as of March 2017

Headquarters

Employees

Company Overview

Products

Shipments

Annual

Capacity

Business

Highlights

Date est. / IPO

A leading Chinese solar cell and module manufacturer

1

Sales Point – Tier 1A

2

(1)

100%

93%

93%

93%

93%

87%

87%

80%

80%

80%

80%

80%

73%

73%

67%

67%

7%

7%

7%

7%

13%

13%

20%

20%

20%

20%

7%

27%

7%

33%

20%

13%

20%

13%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

First Solar

Hanwha SolarOne

JA Solar

Trina Solar

Yingli

Hanwha Q-Cells

Jinko Solar

Canadian Solar

Panasonic

Renesola

SunPower

REC Solar

Sharp

Solar Frontier

Mitsubishi

Kyocera

Bankable Not Bankable Never Heard

Source: PV Module Bankability : who to trustBloomberg New Energy Finance

BNEF’s Bankability Survey Results

PV Tech Top 5 solar module Manufacturers 2016

Source: PV TECH – based on final shipment guidance from third quarter financial results.

3

EUPD TOP BRAND Mark

Sales Point – Tier 1A

Solar Module Super League (SMSL)

Group of big-six c-Si Module suppliers.

Canadian, Hanwha, JA Solar, Jinko , Trina

+ Longji (mono silicon manufacturer )

+ GCL the world's largest solar poly crystalline silicon manufacturer,

JA Solar 8.1%

4

JA Solar has offices in global PV bases (China, Germany, Japan, Australia, USA) and has a strong footprint in all major PV market markets.

JA Solar has a leading Position in the major markets such as China (Top 3 supplier), Japan (Top 3 Supplier), Australia (#1 Supplier), LATAM (Top 3 supplier), EU (Top 3 Supplier). UK (Top 3 Supplier )

4

China, 43%

APAC, 40%

EU, 11%

Americas, 3%

Other, 3%

(1)

JA Solar Module Shipment Global Distribution 2015Chinese PV Modules Shipped to Europe Jan-Oct 2016

Source: Bloomberg New Energy Finance

Sales Point – Tier 1A

Stringent Quality Leader

5

Thresher Test

6

Source: Q2 Financial reports

Liquidity Ratio Debt Ratio

Financial Security

7

JA Production

Ningjin Cell and Module Facility

Hebei Province

Cell: 2500 MW Module: 600 MW

Yanjiao Wafer Facility

Hebei Province

1500 MW

Headquarters in

Beijing

Office in Shanghai

Fengxian Module Facility

Shanghai City 1500 MWLab partnership with TÜV and Intertek

Lianyungang Wafer Facility

Jiangsu Province

1500 MW

Hefei Module Facility

Anhui Province

3300 MW

Yangzhou Cell and R&D Facility

Jiangsu Province

3000 MW

JA Malaysia Cell Facility

1000MW

Xingtai Module Facility

Hebei Province

1600 MW

Zhangjiakou module Facility

Hebei Province

Under the construction

8

HIGH VALUE POLY

HIGH POWER

MONO

SMART

GLASS

1500V

BLACK

Product Range

9

Poly Crystalline

5BB Poly Crystalline module

− JA CYPRESS Cells

− 270Wp/275Wp

− 35mm Frame

− Full JA Standard (3x IEC Thresher)

− PID Passivation layer and AR coating to cell - reduced

current leakage

− 5BB Decreases Current loss

Value, Bankability

Product Range

4BB

cell

5BB

cell

10

PERC Mono Crystalline (White Backsheet)

5BB Mono crystalline PERC module

- Advanced cell structure with passivated back side

- Black (35mm) Frame

- 295/300Wp

- Design without backside bar thanks to an increased number of fingers on the

cell pattern

Power, Performance

PERC technology adds a passivation layer on rear of the cell to

allow a steadier flow of electrons. Layer acts as a ‘mirror’ and

lengthens the light path in the cell.

Reflected

light (light

lost)

Incident light

Light absorbed Light absorbed

Product Range

PERC Mono Crystalline (White Backsheet) cont..

1111

Superior performance under low irradiation

- Low energy photons with longer

wavelength collected

93.00%

94.00%

95.00%

96.00%

97.00%

98.00%

99.00%

100.00%

101.00%

102.00%

100 200 300 400 500 600 700 800 900 1000 1100

Re

lati

ve

eff

icie

nc

y (

%)

Irradiance (W/M2)

Relative module efficency comparison under different irradiance

Conventional Mono Conventional Poly PERCIUM Mono

Temperature Coefficient

- Back layer of cell induces an electric field to confine the

carriers in the base.

- Power is a function of (among other factors) temperature

and diffusivity of the carriers. Power loss of a PERCIUM cell

is less than of a conventional cell.

- -0.39% Pmax Coeffcient

Product Range

12

All Black Modules

5BB Black Mono crystalline PERC module

- Black Backsheet Black Frame

- Strict color control systems

- Low Light Performance (low energy/high wavelength photons)

- 295/300Wp

- Full JA Standard quality checked (3x IEC Thresher)

Power, Performance, Aesthetics

− 280/285Wp

− Uniform appearance

5BB Black Mono crystalline module

Product Range

1313

Smart Modules

SolarEdge Smart Junction box integrated module

- SE OPJ300 type: junction box embedded at factory

Cost effective solution compared to the add-on one

- Available in Poly/Mono/Black Mono

JA and SE warranty wrap

Product Range

Module power optimization

− MPPT optimization on all single modules

ground mounted system: 2-5%;

commercial 2-10%, residential 2-25%

− Minimize shadings effect and lower mismatch loss

− Constraint free design: maximum space optimization

Safety features

− Fire safety

− Module-level voltage shutdown to ease

maintenance

1414

Smart Modules

Next generation of SE embedded solution

− New P400J design (Q1-Q2 2018)

− Removable Cover with power optimizer

− Thinner design so can be used with 35mm frames

− Simple replacement

Product Range

O&M benefits

− Easy of install

− 100% remote and instant web monitoring

− Defect identification

− Remote troubleshooting and field maintenance capability

Reduce significantly the cost of O&M

1515

Smart Modules

JAP60S05-270/SC

POLY CRYSTALLINE CELL

5 bus bar Cell. 35mm frame. 270Wp per Panel (STC)

Silver Frame / White Backsheet

Value Poly SolarEdge product.

JAM60S07-295/PR

MONO CRYSTALLINE CELL WITH PERC TECHNOLOGY

5 Bus bar Cell. 35mm Frame. 295Wp per Panel (STC)

Black Frame/ Black Backsheet.

High power module. High performance. Premium

Good Aesthetics.

JAM60S07-280/SC

MONO CRYSTALLINE CELL

5 Bus bar Cell. 35mm Frame. 280Wp per Pane (STC)

Black Frame/ Black Backsheet.

Good Aesthetics. Good Value.

Product Range

16

265 270 275 280 285 290 295 300 305 310

MONO

POLY

SK PERCIUM

Power (in W)

1500V MODULES1500V or DG Poly

1500V or DG Mono

PERC BLACK

Power Pipeline Forecast 2018

PERC BLACK SE

SK BLACK

Product Range

POLY 5BB SE

SK BK SE

POLY 5BB

17

Change to Codes

5BB modules & New name methodology

Manufact

urer

Cell type Number

of cells

Module

type

Module key characteristics

code

- Module

power

/ Cell technology

JA M: Mono

P: Poly

60

72

D: Dual

glass

S: Single

glass

00: No backsheet

01: White backsheet

02: Black backsheet

03: Half cell & white backsheet

04: Tigo & white backsheet

05: SolarEdge & white

backsheet

06: TG & black backsheet

07: SE & black backsheet

…

- XXX / SC: standard cell

PR: PERC

BP: Bifacial PERC

IB: IBC

…

- Available starting from November 2017

- Increase power output by 2W on average

- Similar electrical parameters of 5BB modules compared to 4BB modules

All mono wafers are sliced using diamond wire saws.

Poly wafers switching to use diamond wire saws by end of the year

Difference in wafer characteristics: the wafer surface become more

smooth. A need to apply a special solvent for texture to create the

pyramid structure for the cell.

0.1RMB/W

Why? = Lowers cost: Wafer cutting is 4x quicker

Diamond wire slicingSlurry method slicing (using saw wire)

Wire

Wire

Mono wafer structure

Poly wafer structure

Containing already the abrasive particles

Diamond wire sliced solar cells

Change to Wafer Process

The slurry used to cut silicon is typically a mixture of an abrasive grain (usually

Silicon carbide) suspended in a carrier fluid (oil based liquids).

Fixed abrasive (diamond wire) slicing - A wire to which diamond abrasive

particles or a similar material has been chemically bonded is run at high

speed.

Why present this?

Wafers sliced with diamond wire (instead of slurry method) product a slight glistening effect compared to

Slurry cut wafer/cells

0.1RMB/W

Change to Wafer Process

Monocrystalline wafer has only one crystal structure due to the inherent characteristics of the material. It is easy to

texture the front surface of the wafer to form the pyramid structure needed to absorb more lights.

Poly crystalline cells has many crystals structure, after the diamond slicing the surface become more smooth (less

pyramids structure) and it is difficult to texture it.

2020

1500V Modules

IEC 1500V rated module

- 50% Longer Strings

33% less cables/combinor boxes/fuses/inverters

up to 2% total BOS saving /30% lower operation cost

[GTM Research: cost savings $0.05/W]

- Less voltage loss, enables higher efficient inverters

- Backsheet change

- Junction box/cables rated 1500V

- Passed 96-hour PID test (85% RH85·℃at-1500V).

Available in Poly/Mono

BOS Components available

Product Range (to order)

212121

Double Glass

Double Glass module

- Half Tempered Glass as backsheet (rather than polymer Backsheet)

- 1500V

- Extended Warranty

- UV/DH/PID resistance

- POE/EVA

- Poly 2017

Longer strings, longer (and lower annual ) warranty,

Lower shipping costs

Product Range (to order)

222222

Seaside /Water Front Modules

Harsh Environment Resistant module

- Assembled using especially selected BOM to resist salty mist corrosive moisture . - -

- Additional anti PID resistance layers (cells, glass, frame , EVA backsheet)

- Passed double IEC61701 Class6 salt mist test.

Sea front, Coastal (50-500m from sea), floating solar, high stress environments

Special request module

Product Range (to order)

23

New Products…2018

Half cell modules

Half cell

- 60 and 72 cell portrait mode

- Higher output power (60-cell +5-10Wp; 72-cell +10-15Wp)

- More space between cells – more secondary reflection

- Half current of each bus bar, internal loss reduced by ¾ compared

with full size module

- Lower temperature coefficient

- Better mechanical load performance

- Less shading effect

Half cell 60 cell

50% output left

shading shading

Regular

<5% output left

24

New Products

Bifacial modules

Bifacial

- Increased power yield difference from 8-15% vs. standard

- High resistance to harsh environmental

- Energy boost depending on bottom surface reflectivity and installation

height

- Increased % gain vs. standard modules in lower light (winter)

- Cost of progress not so much higher (unlike n-type) so easily

adoptable on normal cell lines and can be mainstream.

Cell efficiency >21%

Rated Power: 290Wp/350Wp

Cell Efficiency >15%

Rated Power: 200Wp/240Wp

Bi-fa

cia

l fro

nt sid

e

Bi-fa

cia

l rea

r sid

e

25

26

Partnerships

谢谢您!

27

c