Ankündigung • Apr 28
Shanghai Prosolar Resources Development Co., Ltd, Annual General Meeting, May 18, 2026 Shanghai Prosolar Resources Development Co., Ltd, Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: No. 688, Wanchang Middle Road, Wenling, Taizhou Zhejiang China Ankündigung • Mar 30
Shanghai Prosolar Resources Development Co., Ltd to Report Q1, 2026 Results on Apr 28, 2026 Shanghai Prosolar Resources Development Co., Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Ankündigung • Dec 26
Shanghai Prosolar Resources Development Co., Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026 Shanghai Prosolar Resources Development Co., Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.002 loss per share (vs CN¥0.031 loss in 3Q 2024) Third quarter 2025 results: CN¥0.002 loss per share (improved from CN¥0.031 loss in 3Q 2024). Revenue: CN¥18.4m (up 121% from 3Q 2024). Net loss: CN¥773.8k (loss narrowed 94% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Ankündigung • Sep 30
Shanghai Prosolar Resources Development Co., Ltd to Report Q3, 2025 Results on Oct 25, 2025 Shanghai Prosolar Resources Development Co., Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Board Change • Sep 10
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Employee Representative Supervisor Yuanxi Cheng is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Aug 02
Fujian Pingtan Yuanchu Investment Co., Ltd, Wenling Lixin Machinery Co., Ltd, Zhong Renzhi and Yan Yi acquired 15.75% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193) from Zhejiang Overseas Chinese Industrial Co., Ltd. Fujian Pingtan Yuanchu Investment Co., Ltd, Wenling Lixin Machinery Co., Ltd, Zhong Renzhi and Yan Yi acquired 15.75% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193) from Zhejiang Overseas Chinese Industrial Co., Ltd. on August 1, 2025. As part of the acquisition, Fujian Pingtan, Wenling Lixin Machinery, Zhong Renzhi and Yan Yi acquired 29 million,13 million,14 million and 11 million shares respectively in Shanghai Prosolar Resources Development Co., Ltd through auction. On completion, Fujian Pingtan, Wenling Lixin Machinery, Zhong Renzhi and Yan Yi will own 6.82%, 3.06%, 3.29% and 2.59% stake respectively in Shanghai Prosolar Resources Development Co., Ltd and Zhejiang Overseas Chinese Industrial Co., Ltd will retain 8.15% stake in Shanghai Prosolar Resources Development Co., Ltd.
Fujian Pingtan Yuanchu Investment Co., Ltd, Wenling Lixin Machinery Co., Ltd, Zhong Renzhi and Yan Yi completed the acquisition of 15.75% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193) from Zhejiang Overseas Chinese Industrial Co., Ltd. on August 1, 2025. Ankündigung • Jun 30
Shanghai Prosolar Resources Development Co., Ltd to Report First Half, 2025 Results on Aug 16, 2025 Shanghai Prosolar Resources Development Co., Ltd announced that they will report first half, 2025 results on Aug 16, 2025 Ankündigung • Jun 12
Zhejiang Overseas Chinese Industrial Co., Ltd. cancelled the acquisition of 8.15% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193) from Liaoning Jingcheng Enterprise Management Partnership Enterprise (Limited Partnership). Zhejiang Overseas Chinese Industrial Co., Ltd. cancelled the acquisition of 8.15% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193) from Liaoning Jingcheng Enterprise Management Partnership Enterprise (Limited Partnership) on June 9, 2025. As of June 9, 2025, Shanghai Prosolar Resources Development received a notice from Zhejiang Overseas Chinese Industrial that Liaoning Jingcheng Enterprise Management had not fully paid the share transfer price as stipulated in the Share Transfer Agreement, exceeding the deadline by more than 20 working days. Therefore, Zhejiang Overseas Chinese Industrial sent a "Termination Notice" to Liaoning Jingcheng Enterprise Management Partnership Enterprise according to the provisions of the Share Transfer Agreement and terminated the Share Transfer Agreement. This transaction is a result of termination of deal where Liaoning Jingcheng Enterprise Management acquired a 8.15% stake in Shanghai Prosolar Resources Development from Zhejiang Overseas Chinese Industrial Co., Ltd. on for approximately CNY 110 million on April 14, 2025.
Zhejiang Overseas Chinese Industrial Co., Ltd. cancelled the acquisition of 8.15% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193) from Liaoning Jingcheng Enterprise Management Partnership Enterprise (Limited Partnership) on June 9, 2025. Board Change • May 13
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 1 highly experienced director. Non-Independent Director Jiang Yang Que is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Apr 30
Shanghai Prosolar Resources Development Co., Ltd, Annual General Meeting, May 23, 2025 Shanghai Prosolar Resources Development Co., Ltd, Annual General Meeting, May 23, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Ankündigung • Apr 16
Liaoning Jingcheng Enterprise Management Partnership Enterprise (Limited Partnership) acquired 8.15% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193) from Zhejiang Overseas Chinese Industrial Co., Ltd. for approximately CNY 110 million. Liaoning Jingcheng Enterprise Management Partnership Enterprise (Limited Partnership) acquired 8.15% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193) from Zhejiang Overseas Chinese Industrial Co., Ltd. for approximately CNY 110 million on April 14, 2025. A cash consideration of CNY 113.8 million will be paid by Liaoning Jingcheng Enterprise Management Partnership Enterprise (Limited Partnership). As part of consideration, CNY 113.8 million is paid towards common equity of Shanghai Prosolar Resources Development Co., Ltd.
Liaoning Jingcheng Enterprise Management Partnership Enterprise (Limited Partnership) acquired 8.15% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193) from Zhejiang Overseas Chinese Industrial Co., Ltd. on April 14, 2025. Ankündigung • Mar 28
Shanghai Prosolar Resources Development Co., Ltd to Report Q1, 2025 Results on Apr 30, 2025 Shanghai Prosolar Resources Development Co., Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Jan 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 54% per year over the past 5 years. Ankündigung • Dec 27
Shanghai Prosolar Resources Development Co., Ltd to Report Fiscal Year 2024 Results on Apr 30, 2025 Shanghai Prosolar Resources Development Co., Ltd announced that they will report fiscal year 2024 results on Apr 30, 2025 New Risk • Nov 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 54% per year over the past 5 years. Ankündigung • Sep 30
Shanghai Prosolar Resources Development Co., Ltd to Report Q3, 2024 Results on Oct 31, 2024 Shanghai Prosolar Resources Development Co., Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Ankündigung • Aug 28
Hainan Furongxing Private Fund Management Partnership Enterprise (Limited Partnership) completed the acquisition of 7.79% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193). Hainan Furongxing Private Fund Management Partnership Enterprise (Limited Partnership) agreed to acquire 7.79% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193) for approximately CNY 100 million on July 16, 2024. As per the transaction, Hainan Furongxing Private Fund Management Partnership Enterprise (Limited Partnership) will acquire 33.14 million shares at CNY 3.06 per share.
Hainan Furongxing Private Fund Management Partnership Enterprise (Limited Partnership) completed the acquisition of 7.79% stake in Shanghai Prosolar Resources Development Co., Ltd (SHSE:600193) on August 28, 2024. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Bo Li was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Ankündigung • Jun 28
Shanghai Prosolar Resources Development Co., Ltd to Report First Half, 2024 Results on Aug 31, 2024 Shanghai Prosolar Resources Development Co., Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Ankündigung • May 01
Shanghai Prosolar Resources Development Co., Ltd, Annual General Meeting, May 20, 2024 Shanghai Prosolar Resources Development Co., Ltd, Annual General Meeting, May 20, 2024, at 15:30 China Standard Time. Location: 15F, Building 5, No. 128, Hongtai Road, Shangcheng District, Hangzhou, Zhejiang China New Risk • Apr 28
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Revenue has declined by 63% over the past year. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 63% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). New Risk • Mar 31
New major risk - Revenue and earnings growth Revenue has declined by 63% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 63% over the past year. Minor Risk Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Ankündigung • Mar 30
Shanghai Prosolar Resources Development Co., Ltd to Report Q1, 2024 Results on Apr 30, 2024 Shanghai Prosolar Resources Development Co., Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Feb 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Ankündigung • Dec 30
Shanghai Prosolar Resources Development Co., Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Shanghai Prosolar Resources Development Co., Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Ankündigung • Sep 30
Shanghai Prosolar Resources Development Co., Ltd to Report Q3, 2023 Results on Oct 31, 2023 Shanghai Prosolar Resources Development Co., Ltd announced that they will report Q3, 2023 results on Oct 31, 2023 New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Ankündigung • Jun 28
Shanghai Prosolar Resources Development Co., Ltd to Report First Half, 2023 Results on Aug 29, 2023 Shanghai Prosolar Resources Development Co., Ltd announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 24
Full year 2022 earnings released: EPS: CN¥0.015 (vs CN¥0.05 in FY 2021) Full year 2022 results: EPS: CN¥0.015 (down from CN¥0.05 in FY 2021). Revenue: CN¥263.7m (down 62% from FY 2021). Net income: CN¥6.22m (down 69% from FY 2021). Profit margin: 2.4% (down from 2.9% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Chairman of the Supervisory Board Xiao Hong Chen is the most experienced director on the board, commencing their role in 2015. Independent Director Li Bo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.002 loss per share (vs CN¥0.013 profit in 3Q 2021) Third quarter 2022 results: CN¥0.002 loss per share (down from CN¥0.013 profit in 3Q 2021). Revenue: CN¥50.9m (down 68% from 3Q 2021). Net loss: CN¥972.8k (down 117% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.002 (vs CN¥0.02 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.002 (down from CN¥0.02 in 2Q 2021). Revenue: CN¥72.9m (down 56% from 2Q 2021). Net income: CN¥762.5k (down 91% from 2Q 2021). Profit margin: 1.0% (down from 5.2% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.019 (vs CN¥0.016 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.019 (up from CN¥0.016 in 1Q 2021). Revenue: CN¥69.7m (down 56% from 1Q 2021). Net income: CN¥8.09m (up 18% from 1Q 2021). Profit margin: 12% (up from 4.3% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Jian Ning Liao was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥0.05 (vs CN¥0.14 in FY 2020) Full year 2021 results: EPS: CN¥0.05 (down from CN¥0.14 in FY 2020). Revenue: CN¥690.4m (down 37% from FY 2020). Net income: CN¥19.8m (down 66% from FY 2020). Profit margin: 2.9% (down from 5.3% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.27, the stock trades at a trailing P/E ratio of 59.4x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 163% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.013 (vs CN¥0.029 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥158.5m (down 54% from 3Q 2020). Net income: CN¥5.58m (down 55% from 3Q 2020). Profit margin: 3.5% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.018 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥164.8m (down 9.5% from 2Q 2020). Net income: CN¥8.50m (up 5.1% from 2Q 2020). Profit margin: 5.2% (up from 4.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥9.68, the stock trades at a trailing P/E ratio of 62.1x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total returns to shareholders of 284% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.85, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total returns to shareholders of 166% over the past three years. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥0.14 (vs CN¥0.05 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.10b (up 97% from FY 2019). Net income: CN¥57.9m (up 202% from FY 2019). Profit margin: 5.3% (up from 3.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 24
New 90-day high: CN¥5.25 The company is up 2.0% from its price of CN¥5.14 on 26 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: CN¥5.13 The company is up 4.0% from its price of CN¥4.92 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥21.0m, down 28% from the prior year. Total revenue was CN¥796.5m over the last 12 months, up 78% from the prior year. Ankündigung • Oct 27
Shanghai Prosolar Resources Development Co., Ltd to Report Q3, 2020 Results on Oct 30, 2020 Shanghai Prosolar Resources Development Co., Ltd announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 15
New 90-day low: CN¥4.44 The company is down 12% from its price of CN¥5.06 on 17 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is flat over the same period. Ankündigung • Jul 08
Shanghai Prosolar Resources Development Co., Ltd to Report First Half, 2020 Results on Aug 19, 2020 Shanghai Prosolar Resources Development Co., Ltd announced that they will report first half, 2020 results on Aug 19, 2020 