JA SOLAR(SZ:002459)2025-03-12 07:16Group 1: Company Strategy and Globalization - The company is advancing its global strategy to enhance market, supply chain, and R&D integration, thereby improving capital strength and competitiveness [2] - The preparation for the Hong Kong stock listing is ongoing, focusing on overseas capacity expansion and funding needs [2] Group 2: Industry Trends and Market Conditions - The photovoltaic industry experiences seasonal project impacts, with a recovery expected post-Chinese New Year, leading to a full order book [2] - The electricity market reform will drive a shift from supply-side generation to a load-centered market, accelerating the establishment of a unified national electricity market [3] Group 3: Pricing and Financial Considerations - Component prices are rising due to ongoing supply-side reforms and recovering demand, with the company adjusting prices based on supply chain changes and market needs [3] - The company has decided not to lower the conversion price for convertible bonds at this time, while remaining vigilant to market conditions for future considerations [3]