Annuncio • May 09
Arctech Launches ArcTrack Mobile Solar-Tracking And Storage Microgrid Solution Arctech held a launch ceremony for its ArcTrack Mobile Solar-Tracking & Storage Microgrid Solution in Jakarta. By innovatively integrating solar, storage, intelligence, and control into one system, ArcTrack delivers a reliable, efficient, and cost-effective energy solution for every off-grid and temporary power scenario – providing stable and safe power for all scenarios, enabling fast and efficient installation and O&M, and optimizing lifecycle cost-benefit while improving end-to-end carbon efficiency. Specifically, it provides stable power in extreme conditions from -30°C to 60°C, while withstanding force-10 winds, and can be installed by two people in just one day with plug-and-play operation, supporting up to six parallel units. The system optimizes lifecycle costs by delivering 20% lower transport, 50% less site prep, 40% higher asset utilization, and over 400% ROI, while reducing the levelized cost of electricity by up to 90%. Each unit can cut CO2 emissions by 32.4 tons annually. Over the following three days at SolarTech Indonesia Exhibition, the spotlight remained on ArcTrack. Live demos of the mobile microgrid drew strong interest from engineers and EPC partners, highlighting its plug-and-play deployment and off-grid economics. Alongside ArcTrack, Arctech also showcased its SkyLine II tracker (adapting to 30° slopes) and SkyFlex large-span cable mounting system (15–60m spans), further demonstrating the company's ability to address Indonesia's hilly terrain and dispersed project sites. Reported Earnings • Apr 17
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥0.05 loss per share (down from CN¥3.11 profit in FY 2024). Revenue: CN¥6.88b (down 24% from FY 2024). Net loss: CN¥10.1m (down 102% from profit in FY 2024). Revenue missed analyst estimates by 27%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Apr 17
Arctech Solar Holding Co., Ltd., Annual General Meeting, May 08, 2026 Arctech Solar Holding Co., Ltd., Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Annuncio • Mar 30
Arctech Solar Holding Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Arctech Solar Holding Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 02
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥0.05 loss per share (down from CN¥3.11 profit in FY 2024). Revenue: CN¥6.85b (down 24% from FY 2024). Net loss: CN¥9.88m (down 102% from profit in FY 2024). Revenue missed analyst estimates by 27%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥53.06, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 28x in the Electrical industry in China. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.35 per share. Annuncio • Dec 26
Arctech Solar Holding Co., Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 Arctech Solar Holding Co., Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 Major Estimate Revision • Dec 04
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥9.38b to CN¥9.14b. EPS estimate also fell from CN¥2.61 per share to CN¥2.06 per share. Net income forecast to grow 93% next year vs 52% growth forecast for Electrical industry in China. Consensus price target down from CN¥71.00 to CN¥59.67. Share price fell 4.8% to CN¥43.22 over the past week. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥53.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 26x in the Electrical industry in China. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.57 per share. Major Estimate Revision • Nov 03
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥11.0b to CN¥10.1b. EPS estimate also fell from CN¥3.53 per share to CN¥3.00 per share. Net income forecast to grow 140% next year vs 53% growth forecast for Electrical industry in China. Consensus price target down from CN¥68.75 to CN¥65.50. Share price rose 2.4% to CN¥44.07 over the past week. Reported Earnings • Oct 29
Third quarter 2025 earnings released: CN¥0.17 loss per share (vs CN¥0.97 profit in 3Q 2024) Third quarter 2025 results: CN¥0.17 loss per share (down from CN¥0.97 profit in 3Q 2024). Revenue: CN¥1.34b (down 49% from 3Q 2024). Net loss: CN¥36.4m (down 119% from profit in 3Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Annuncio • Sep 30
Arctech Solar Holding Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Arctech Solar Holding Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Annuncio • Jul 02
Arctech Takes Center Stage At the Africa Energy Forum 2025 Arctech took center stage at the Africa Energy Forum 2025, in Cape Town, marked a key step in strengthening Arctech's presence in South Africa and the broader Sub-Saharan market. South Africa boasts abundant solar resources, averaging over 2500 hours of sunshine per year. Aiming to limit its carbon emissions to 398-440 million tons by 2030, the photovoltaic industry is undoubtedly the core driving force to achieve this target, presenting enormous market potential and promising prospects. In 2011, the local government launched a program, which targeted reaching a total installed solar capacity of 8.4 GW by 2030 and 16 GW by 2050. In 2024, South Africa added approximately 1.1 GW new solar capacity, accounting for the largest share of new solar installations in Africa. South Africa is undergoing a rapid energy transition driven by grid instability, aging infrastructure and frequent load shedding. The country aims to add hundreds of megawatts of renewable capacity to meet rising demand and reduce carbon footprint. However, challenges like land constraints, ROI uncertainty and O&M costs continue to impact project bankability. Facing the chances and challenges, Arctech showcased its solutions at AEF 2025. Skyline II Solar Tracker: The 1P independent-row tracker helps boost energy generation with smart backtracking and adaptive algorithms. Skyline II tracking system supports up to 20% north-south slope with unrestricted east-west orientation. Fully compatible with the cleaning robots, it gets to maximize O&M efficiency. Starshine I Cleaning Robot: Using AI algorithms and high-pressure air cleaning, this system ensures efficient dust removal without water, ideal for the dry and dusty climates across Africa. The overall power gain improvement can range from 5% to 20%, demonstrating a strong return on investment. Integrated Cleaning Robot and Tracking System Design: Shared Supporting structure: The integrated design of cleaning robot and tracking system utilizes shared supporting structures to optimize docking station costs. The docking station moves in synchronization with the tracker, ensuring precise alignment with PV modules to prevent mechanical impacts and reduce O&M risks. Unified After-Sales Interface: The integrated design features thorough requirement analysis to reduce rework. With clear after-sales channels, Arctech provides defined accountability and streamlined service access. Coordination through SCADA platform: Arctech's tracking systems and cleaning robots achieve intelligent coordination through the SCADA platform, which intelligently calculates optimal paths and enables autonomous navigation cleaning. This dual-system integration resolves compatibility challenges between cleaning robots and tracking systems, ensuring increased power generation efficiency throughout the entire lifecycle of solar power plants. Beyond technology, this forum allowed the team to deepen connections with local stakeholders, EPCs and developers. Through one-on-one meetings and roundtable discussions, Arctech explored future collaborations, ongoing tenders and shared insights into local procurement processes and energy needs. Annuncio • Jun 30
Arctech Solar Holding Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Arctech Solar Holding Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Price Target Changed • May 22
Price target decreased by 20% to CN¥73.00 Down from CN¥91.13, the current price target is an average from 3 analysts. New target price is 59% above last closing price of CN¥46.00. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥3.50 for next year compared to CN¥3.11 last year. Major Estimate Revision • Apr 23
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥11.6b to CN¥10.8b. EPS estimate also fell from CN¥4.18 per share to CN¥3.75 per share. Net income forecast to grow 37% next year vs 40% growth forecast for Electrical industry in China. Consensus price target of CN¥91.13 unchanged from last update. Share price was steady at CN¥46.24 over the past week. Annuncio • Apr 17
Arctech Solar Holding Co., Ltd. (SHSE:688408) announces an Equity Buyback for CNY 100 million worth of its shares. Arctech Solar Holding Co., Ltd. (SHSE:688408) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million. The repurchase price will not exceed CNY 80 per share. The repurchased shares will be used for the employee stock ownership plan or equity incentives. The repurchase will be funded through self-owned funds and/or special loan funds. The repurchase period is within 12 months from the approval date. Reported Earnings • Apr 17
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CN¥3.11 (up from CN¥1.71 in FY 2023). Revenue: CN¥9.03b (up 41% from FY 2023). Net income: CN¥631.5m (up 83% from FY 2023). Profit margin: 7.0% (up from 5.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 17
Arctech Solar Holding Co., Ltd., Annual General Meeting, May 08, 2025 Arctech Solar Holding Co., Ltd., Annual General Meeting, May 08, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥45.06, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Electrical industry in China. Total loss to shareholders of 1.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥51.27 per share. Annuncio • Mar 28
Arctech Solar Holding Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Arctech Solar Holding Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Mar 24
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 7.9% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Feb 26
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥3.23 (up from CN¥1.71 in FY 2023). Revenue: CN¥8.97b (up 40% from FY 2023). Net income: CN¥647.3m (up 88% from FY 2023). Profit margin: 7.2% (up from 5.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.5%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥59.76, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Electrical industry in China. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥77.65 per share. Buy Or Sell Opportunity • Jan 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to CN¥61.18. The fair value is estimated to be CN¥78.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Earnings per share has grown by 93%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 66% in the next 2 years. Annuncio • Dec 27
Arctech Solar Holding Co., Ltd. to Report Fiscal Year 2024 Results on Apr 17, 2025 Arctech Solar Holding Co., Ltd. announced that they will report fiscal year 2024 results on Apr 17, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.97 (vs CN¥0.31 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.97 (up from CN¥0.31 in 3Q 2023). Revenue: CN¥2.61b (up 77% from 3Q 2023). Net income: CN¥195.9m (up 230% from 3Q 2023). Profit margin: 7.5% (up from 4.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 11
Price target increased by 7.3% to CN¥78.33 Up from CN¥73.00, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥76.50. Stock is up 54% over the past year. The company is forecast to post earnings per share of CN¥3.18 for next year compared to CN¥1.70 last year. Annuncio • Sep 30
Arctech Solar Holding Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Arctech Solar Holding Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥83.96, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥157 per share. New Risk • Sep 27
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 6.7% 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 High level of non-cash earnings (60% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Major Estimate Revision • Sep 06
Consensus revenue estimates decrease by 10%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥9.61b to CN¥8.65b. EPS estimate increased from CN¥3.06 to CN¥3.12 per share. Net income forecast to grow 57% next year vs 45% growth forecast for Electrical industry in China. Consensus price target of CN¥69.26 unchanged from last update. Share price rose 3.2% to CN¥62.06 over the past week. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥64.96, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Electrical industry in China. Total loss to shareholders of 52% over the past three years. Major Estimate Revision • Jul 19
Consensus EPS estimates increase by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥2.34 to CN¥2.68. Revenue forecast steady at CN¥8.97b. Net income forecast to grow 33% next year vs 42% growth forecast for Electrical industry in China. Consensus price target of CN¥66.22 unchanged from last update. Share price rose 5.5% to CN¥66.53 over the past week. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to CN¥57.12, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Electrical industry in China. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.29 per share. Annuncio • Jun 28
Arctech Solar Holding Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Arctech Solar Holding Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥1.14 (vs CN¥0.29 in 1Q 2023) First quarter 2024 results: EPS: CN¥1.14 (up from CN¥0.29 in 1Q 2023). Revenue: CN¥1.81b (up 123% from 1Q 2023). Net income: CN¥154.0m (up 297% from 1Q 2023). Profit margin: 8.5% (up from 4.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Annuncio • Apr 26
Arctech Solar Holding Co., Ltd., Annual General Meeting, May 15, 2024 Arctech Solar Holding Co., Ltd., Annual General Meeting, May 15, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Annuncio • Mar 30
Arctech Solar Holding Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Arctech Solar Holding Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Reported Earnings • Feb 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥2.61 (up from CN¥0.33 in FY 2022). Revenue: CN¥6.43b (up 74% from FY 2022). Net income: CN¥353.8m (up CN¥309.4m from FY 2022). Profit margin: 5.5% (up from 1.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥81.20, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Electrical industry in China. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.54 per share. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥75.65, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Electrical industry in China. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.99 per share. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.46 (vs CN¥0.063 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.46 (up from CN¥0.063 loss in 3Q 2022). Revenue: CN¥1.47b (up 79% from 3Q 2022). Net income: CN¥59.3m (up CN¥70.7m from 3Q 2022). Profit margin: 4.0% (up from net loss in 3Q 2022). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Annuncio • Sep 01
Arctech Solar Holding Co., Ltd. (SHSE:688408) announces an Equity Buyback for CNY 150 million worth of its shares. Arctech Solar Holding Co., Ltd. (SHSE:688408) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 150 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 100 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The shares will be repurchased out of self-owned or self-raised funds. The plan will be valid for 12 months from the Board of Directors' approval. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.43 (vs CN¥0.07 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.43 (up from CN¥0.07 in 2Q 2022). Revenue: CN¥1.11b (up 28% from 2Q 2022). Net income: CN¥59.3m (up CN¥51.6m from 2Q 2022). Profit margin: 5.4% (up from 0.9% in 2Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 09
Price target decreased by 19% to CN¥92.50 Down from CN¥115, the current price target is an average from 2 analysts. New target price is 34% above last closing price of CN¥68.87. Stock is down 51% over the past year. The company is forecast to post earnings per share of CN¥2.66 for next year compared to CN¥0.33 last year. Annuncio • Jun 28
Arctech Solar Holding Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Arctech Solar Holding Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.07 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.07 loss in 1Q 2022). Revenue: CN¥815.5m (up 42% from 1Q 2022). Net income: CN¥38.8m (up CN¥47.7m from 1Q 2022). Profit margin: 4.8% (up from net loss in 1Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electrical industry in China. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.07 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.07 loss in 1Q 2022). Revenue: CN¥815.5m (up 42% from 1Q 2022). Net income: CN¥38.8m (up CN¥47.7m from 1Q 2022). Profit margin: 4.8% (up from net loss in 1Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electrical industry in China. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.11 in FY 2021) Full year 2022 results: EPS: CN¥0.32 (up from CN¥0.11 in FY 2021). Revenue: CN¥3.71b (up 54% from FY 2021). Net income: CN¥43.7m (up 191% from FY 2021). Profit margin: 1.2% (up from 0.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Electrical industry in China. Buying Opportunity • Feb 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Huaiming Wang was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Nov 11
Arctech Solar Holding Co., Ltd. announced that it expects to receive CNY 1.15129 billion in funding Arctech Solar Holding Co., Ltd. announced a private placement of not more than 40,714,600 A shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for the gross proceeds of not more than CNY 1,151,290,000 on November 9, 2022. The transaction will include participation from not more than 35 investors. After the completion of the transaction, the shares shall not be transferred within 6 months from the date of completion of the issuance. The transaction has been approved in the 5th Meeting of the Company’s 3rd Directorate and the 4th Meeting of the 3rd Supervisory Board and is subject to the approvals of the Company’s Shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.063 loss per share (vs CN¥0.13 profit in 3Q 2021) Third quarter 2022 results: CN¥0.063 loss per share (down from CN¥0.13 profit in 3Q 2021). Revenue: CN¥822.0m (up 22% from 3Q 2021). Net loss: CN¥11.4m (down 167% from profit in 3Q 2021). Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.07 (down from CN¥0.15 in 2Q 2021). Revenue: CN¥860.7m (up 19% from 2Q 2021). Net income: CN¥7.74m (down 63% from 2Q 2021). Profit margin: 0.9% (down from 2.9% in 2Q 2021). Over the next year, revenue is forecast to grow 118%, compared to a 54% growth forecast for the Electrical industry in China. Annuncio • Aug 31
Arctech Launches Skywings Arctech announced it has successfully launched its latest solar tracking solution, SkyWings. Enabled by the patented bidirectional slew drives, SkyWings is the world's first dual row solar tracker designed with a multi-point drive mechanism. SkyWings combines the advantage of dual row trackers and is compatible with undulation terrain with the high rigidity enabled by multi-point drive design. The patented bidirectional slew drives enable two tracker rows to simultaneously move in synchrony. The undulation tolerance of adjacent rows is largely increased, standing at 15% in both E-W and N-S directions. SkyWings' modular design also adds flexibility to the plant layout, hence the new solar tracking solution accommodates more PV modules than other conventional solar tracking systems under the same terrain circumstances. Besides stronger adaptability to undulation terrains, SkyWings is facilitated with the multi-point drive mechanism and specially designed torque tube-the patented triple D torque tube, allowing for stowing in a horizontal position with the highest stability. Stowing flat greatly reduces pressure onto the PV modules surface, which is especially critical to preventing cracking and delamination on the current large-size modules. SkyWings only starts stowing at 22m/s, which generates up to 2% more energy yield per year, hence a lower levelized cost of energy. SkyWings' post span can be extended up to 10 meters, bringing down installation costs by up to 20% and the entire EPC expenditure by up to 2%, compared to projects utilizing traditional 1P trackers. Equipped with the second-generation AI algorithms, SkyWings is able to calculate the optimum tracker tilt in various topographies and environments, which allows for real time shading avoidance to 8% more energy generation. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.07 loss per share (down from CN¥0.11 profit in 1Q 2021). Revenue: CN¥576.1m (up 79% from 1Q 2021). Net loss: CN¥8.93m (down 160% from profit in 1Q 2021). Revenue missed analyst estimates by 35%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 105%, compared to a 52% growth forecast for the industry in China. Price Target Changed • Apr 27
Price target decreased to CN¥185 Down from CN¥280, the current price target is an average from 2 analysts. New target price is 256% above last closing price of CN¥52.00. Stock is down 66% over the past year. The company is forecast to post earnings per share of CN¥2.57 for next year compared to CN¥0.23 last year. Board Change • Apr 27
No independent 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. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Major Estimate Revision • Mar 30
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥6.00b to CN¥4.63b. EPS estimate increased from CN¥4.76 to CN¥5.20 per share. Net income forecast to grow 2,135% next year vs 47% growth forecast for Electrical industry in China. Consensus price target down from CN¥280 to CN¥185. Share price fell 4.5% to CN¥86.20 over the past week. Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.23 (down from CN¥2.52 in FY 2020). Revenue: CN¥2.41b (down 23% from FY 2020). Net income: CN¥31.5m (down 89% from FY 2020). Profit margin: 1.3% (down from 9.1% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 35%. Earnings per share (EPS) also missed analyst estimates by 90%. Over the next year, revenue is forecast to grow 149%, compared to a 60% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorated over the past week After last week's 27% share price decline to CN¥93.91, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 26x in the Electrical industry in China. Total loss to shareholders of 50% over the past year. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.84 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥722.3m (down 23% from 2Q 2020). Net income: CN¥20.6m (down 78% from 2Q 2020). Profit margin: 2.9% (down from 9.9% in 2Q 2020). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥182, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 33x in the Electrical industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥299 per share. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥161, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 23x in the Electrical industry in China. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥139, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 23x in the Electrical industry in China. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥119, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 23x in the Electrical industry in China. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥2.52 (vs CN¥1.59 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.13b (up 37% from FY 2019). Net income: CN¥285.5m (up 76% from FY 2019). Profit margin: 9.1% (up from 7.1% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥151, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 23x in the Electrical industry in China. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥133 The company is down 7.0% from its price of CN¥143 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥145, the stock is trading at a trailing P/E ratio of 58.5x, down from the previous P/E ratio of 70.4x. This compares to an average P/E of 33x in the Electrical industry in China. Is New 90 Day High Low • Jan 22
New 90-day high: CN¥195 The company is up 58% from its price of CN¥124 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 31% over the same period. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥167, the stock is trading at a trailing P/E ratio of 70.1x, up from the previous P/E ratio of 60x. This compares to an average P/E of 36x in the Electrical industry in China. Annuncio • Dec 13
Arctech Solar Skyline Trackers Contribute to On-Time Connection of 3.2GW Solar Park Arctech Solar, has delivered its advanced 1P tracker SkyLine to a 3.2GW solar park. The 3.2 GW solar park is connected to the ultra-high voltage power line that delivers 100% renewable energy from the desolate northwest to the densely populated eastern provinces. It's also the single-site renewable energy project with the shortest construction time. Located at an average altitude of 3,200 meters with notoriously fickle weather, the sprawling complex requires the solar tracking system to perform on sites with challenging terrains and extreme weather. As the major tracker supplier of this solar plant, Arctech provides approximately 1.3GW SkyLine tracking systems. With great terrain adaptability, SkyLine can operate on North/South slopes up to 20%. Equipped with the AI Smart Control Box independently developed by Arctech, SkyLine can significantly increase power output by effectively overcoming shadow effect. Meanwhile, the tracking system provides stable performance under harsh weather conditions due to its structure adjusted based on wind tunnel data. Is New 90 Day High Low • Dec 12
New 90-day high: CN¥160 The company is up 49% from its price of CN¥107 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 6.0% over the same period. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥160, the stock is trading at a trailing P/E ratio of 67x, up from the previous P/E ratio of 56.4x. This compares to an average P/E of 40x in the Machinery industry in China. Annuncio • Nov 20
Arctech Solar Supplies 150MW 2P Tracker to Kazakhstan Hevel Group selected Arctech Solar racking and BIPV system provider to supply 150MW two-in-portrait (2P) trackers to Hevel's solar PV projects in Kazakhstan. The project is noteworthy as the largest solar plant in this region deploying 2P trackers and bifacial modules to date. SkySmart and SkySmart II trackers have innovative architectural design that effectively avoids module backside shading and increases reflection irradiance with its optimized system height. Two-in-portrait (2P) trackers offer a cost-effective and reliable solution to work with bifacial solar modules, maximizing ROI and meeting the harsh environmental requirements during winter in the region. This 150MW solar PV project is Arctech Solar's second time cooperation with Hevel Group, the owner and EPC of the Kazakhstan solar PV projects, following Nura solar PV projects using 100MW of fixed structure in Kazakhstan. So far, the company has accomplished total shipments over of 420MW tracking systems and fixed structures to the country. Arctech Solar will continue to explore the possibility of deeper cooperation and presence with local partners and local solar society. Valuation Update With 7 Day Price Move • Oct 30
Market bids up stock over the past week After last week's 16% share price gain to CN¥143, the stock is trading at a trailing P/E ratio of 67.5x, up from the previous P/E ratio of 58.2x. This compares to an average P/E of 42x in the Machinery industry in China. Annuncio • Oct 10
Arctech Solar Unveils New Website Arctech Solar announced the launch of its newly redesigned website, aiming to offer an elevated and user-friendly browsing experience for trusted and valued customers and business partners. Arctech Solar's new website features improved navigation and functionality, it treats orange as the main background color which is simple and graceful. More importantly, Arctech Solar endeavors to provide its current and prospective customers and partners with the most accurate, up-to-date information on the full product portfolio and comprehensive services of smart solar trackers that it can offer. A generous application of videos, photos and graphics, along with sufficiently detailed and engaging content regarding the company's products, solutions, and cases to guide visitors. Amongst the new features, the site contains integrated social media buttons for LinkedIn, Facebook, Twitter, YouTube and WeChat to foster improved communication with partners and clients.