공고 • Jun 30
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 공고 • May 11
SHENZHEN TOPRAYSOLAR Co.,Ltd., Annual General Meeting, Jun 03, 2026 SHENZHEN TOPRAYSOLAR Co.,Ltd., Annual General Meeting, Jun 03, 2026, at 15:30 China Standard Time. Location: Room 803, Block A, Xiangnian Square, Qiaoxiang Road, Nanshan District, Shenzhen, Guangdong China 공고 • Mar 31
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 공고 • Dec 31
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 공고 • Sep 30
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 공고 • Jul 02
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 공고 • May 08
SHENZHEN TOPRAYSOLAR Co.,Ltd., Annual General Meeting, May 29, 2025 SHENZHEN TOPRAYSOLAR Co.,Ltd., Annual General Meeting, May 29, 2025, at 15:30 China Standard Time. Location: Room 803, Block A, Xiangnian Square, Qiaoxiang Road, Nanshan District, Shenzhen, Guangdong China 공고 • Apr 25
Shenzhen Topraysolar Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Shenzhen Topraysolar Co.,Ltd. announced on 23 April 2025 the profit distribution proposal for 2024 as follows: final cash dividend of CNY 0.10000000 per 10 shares (tax included). 공고 • Mar 31
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 공고 • Dec 31
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.006 (vs CN¥0.028 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.006 (down from CN¥0.028 in 3Q 2023). Revenue: CN¥389.5m (up 32% from 3Q 2023). Net income: CN¥8.66m (down 78% from 3Q 2023). Profit margin: 2.2% (down from 13% in 3Q 2023). 공고 • Sep 30
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 New Risk • Sep 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Declared Dividend • Jul 05
Dividend reduced to CN¥0.02 Dividend of CN¥0.02 is 33% lower than last year. Ex-date: 9th July 2024 Payment date: 9th July 2024 Dividend yield will be 0.7%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (213% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 137% to bring the payout ratio under control. However, EPS has declined by 33% over the last 5 years so the company would need to reverse this trend. 공고 • Jun 29
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jun 06
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 8.2% 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 Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). 공고 • Apr 27
SHENZHEN TOPRAYSOLAR Co.,Ltd. Proposes Final Dividend for the Year 2023 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced on 25 April 2024 the final profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 0.20. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥0.016 (vs CN¥0.068 in FY 2022) Full year 2023 results: EPS: CN¥0.016 (down from CN¥0.068 in FY 2022). Revenue: CN¥1.13b (down 15% from FY 2022). Net income: CN¥23.1m (down 76% from FY 2022). Profit margin: 2.1% (down from 7.3% in FY 2022). 공고 • Apr 26
SHENZHEN TOPRAYSOLAR Co.,Ltd., Annual General Meeting, May 16, 2024 SHENZHEN TOPRAYSOLAR Co.,Ltd., Annual General Meeting, May 16, 2024, at 15:30 China Standard Time. Location: Room 803, Block A, Xiangnian Square, Qiaoxiang Road, Nanshan District, Shenzhen, Guangdong China 공고 • Mar 30
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 공고 • Dec 30
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Nov 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (145% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.6% net profit margin). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.028 (vs CN¥0.03 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.028 (down from CN¥0.03 in 3Q 2022). Revenue: CN¥295.4m (up 9.2% from 3Q 2022). Net income: CN¥39.3m (down 5.8% from 3Q 2022). Profit margin: 13% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. New Risk • Aug 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.9% Last year net profit margin: 7.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.9% net profit margin). Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.006 (vs CN¥0.038 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.006 (down from CN¥0.038 in 2Q 2022). Revenue: CN¥261.5m (down 28% from 2Q 2022). Net income: CN¥8.70m (down 84% from 2Q 2022). Profit margin: 3.3% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. 공고 • Jul 06
Shenzhen Topraysolar Co.,Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 11, 2023 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.30000000 on A shares for the year 2022. Record date is July 10, 2023. Ex-date is July 11, 2023. Payment date is July 11, 2023. 공고 • May 18
SHENZHEN TOPRAYSOLAR Co.,Ltd. Approves Amendments to the Articles of Association SHENZHEN TOPRAYSOLAR Co.,Ltd. at the AGM held on 16 May 2023, approved cash dividend (tax included) for 2022 of CNY 0.30000000 per 10 shares. Reported Earnings • Apr 23
Full year 2022 earnings released: EPS: CN¥0.068 (vs CN¥0.14 in FY 2021) Full year 2022 results: EPS: CN¥0.068 (down from CN¥0.14 in FY 2021). Revenue: CN¥1.32b (down 7.1% from FY 2021). Net income: CN¥96.2m (down 51% from FY 2021). Profit margin: 7.3% (down from 14% in FY 2021). Board Change • Mar 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Independent Director Jiahao Chen was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.