JA Solar announced it is revising it’s guidance for the 4th quarter based on the economic slowdown.

Previously, the company had predicted revenue of RMB 1.3 billion or $191.5 million to RMB 1.5 billion or $220.9 million. However. JA Solar has reduced that expectation to about RMB 843 million or $124 million. The company still expects to earn a gross margin of between 5 to 7 percent and expects to break even on earnings/ADS.

As far as production is concerned, JA Solar’s output has also been updated from 310 MW for the 2008 fiscal year to 250-260 MW.

Samuel Yang, JA Solar’s CEO commented on the adjustment, stating:

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