Investor Presentaiton

Solid Finance for Future Growth Debt Ratio JA SOLAR 100% 76% 79% 80% 82% 80% 66% 60% 40% 20% 0% JA Peer A Peer B Peer C Peer D Current Ratio 140% 133% 118% 120% 111% 101% 96% 100% 80% 60% 40% 20% 0% JA Peer C Peer D Peer A Peer B Source: Q3 2016 Financial Reports 17

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