Board Change • Jul 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. 5 experienced directors. 3 highly experienced directors. Independent Director Weiwei Jiang was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jun 30
QC Solar Corporation to Report First Half, 2026 Results on Aug 28, 2026 QC Solar Corporation announced that they will report first half, 2026 results on Aug 28, 2026 Declared Dividend • Jun 20
Dividend reduced to CN¥0.04 Dividend of CN¥0.04 is 92% lower than last year. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 0.1%, which is lower than the industry average of 1.6%. Announcement • Apr 29
QC Solar Corporation, Annual General Meeting, May 22, 2026 QC Solar Corporation, Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suzhou Industrial Park, Jiangsu China Announcement • Mar 31
QC Solar Corporation to Report Q1, 2026 Results on Apr 23, 2026 QC Solar Corporation announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 31
QC Solar Corporation to Report Fiscal Year 2025 Results on Apr 23, 2026 QC Solar Corporation announced that they will report fiscal year 2025 results on Apr 23, 2026 Announcement • Sep 30
QC Solar Corporation to Report Q3, 2025 Results on Oct 23, 2025 QC Solar Corporation announced that they will report Q3, 2025 results on Oct 23, 2025 Announcement • Jul 02
QC Solar Corporation to Report First Half, 2025 Results on Aug 26, 2025 QC Solar Corporation announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • May 24
QC Solar Corporation Approves Cash Dividend for 2024 QC Solar Corporation at its Annual General Meeting held on 22 May 2025 approved cash dividend of CNY 5.50000000 per 10 shares (tax included) for 2024. Announcement • Apr 29
QC Solar Corporation, Annual General Meeting, May 22, 2025 QC Solar Corporation, Annual General Meeting, May 22, 2025, at 14:30 China Standard Time. Announcement • Mar 31
QC Solar Corporation to Report Q1, 2025 Results on Apr 29, 2025 QC Solar Corporation announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
QC Solar Corporation to Report Fiscal Year 2024 Results on Apr 18, 2025 QC Solar Corporation announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.71 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.71 in 3Q 2023). Revenue: CN¥197.4m (down 42% from 3Q 2023). Net income: CN¥19.1m (down 68% from 3Q 2023). Profit margin: 9.7% (down from 17% in 3Q 2023). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥37.13, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 30x in the Electrical industry in China. Total loss to shareholders of 22% over the past year. Announcement • Sep 30
QC Solar Corporation to Report Q3, 2024 Results on Oct 24, 2024 QC Solar Corporation announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥35.05, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 28x in the Electrical industry in China. Total loss to shareholders of 31% over the past year. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥36.59, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 27x in the Electrical industry in China. Total loss to shareholders of 31% over the past year. New Risk • Aug 29
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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.36 (vs CN¥0.59 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.36 (down from CN¥0.59 in 2Q 2023). Revenue: CN¥289.1m (down 16% from 2Q 2023). Net income: CN¥30.0m (down 39% from 2Q 2023). Profit margin: 10% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Announcement • Jun 29
QC Solar Corporation to Report First Half, 2024 Results on Aug 27, 2024 QC Solar Corporation announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • Jun 08
Dividend of CN¥0.30 announced Shareholders will receive a dividend of CN¥0.30. Ex-date: 14th June 2024 Payment date: 14th June 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (8% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 38% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 08
Qc Solar Corporation Announces Final Dividend on A Shares for the Year 2023, Payable on 14 June 2024 QC Solar Corporation announced final cash dividend/10 shares (tax included) of CNY 3.00000000 on A shares for the year 2023. Record date: 13 June 2024 Ex-date: 14 June 2024 and Payment date: 14 June 2024. Announcement • Apr 25
QC Solar Corporation, Annual General Meeting, May 16, 2024 QC Solar Corporation, Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: No. 31, Xinfa Road, Suzhou Industrial Park, Suzhou, Jiangsu China Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.48 (vs CN¥0.46 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.48 (up from CN¥0.46 in 1Q 2023). Revenue: CN¥257.5m (down 15% from 1Q 2023). Net income: CN¥39.9m (up 3.5% from 1Q 2023). Profit margin: 16% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Announcement • Mar 30
QC Solar Corporation to Report Q1, 2024 Results on Apr 24, 2024 QC Solar Corporation announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥41.08, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electrical industry in China. Announcement • Dec 30
QC Solar Corporation to Report Fiscal Year 2023 Results on Apr 24, 2024 QC Solar Corporation announced that they will report fiscal year 2023 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥56.96, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Electrical industry in China. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.71 (vs CN¥0.58 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.71 (up from CN¥0.58 in 3Q 2022). Revenue: CN¥340.7m (up 21% from 3Q 2022). Net income: CN¥58.9m (up 47% from 3Q 2022). Profit margin: 17% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Announcement • Sep 30
QC Solar Corporation to Report Q3, 2023 Results on Oct 27, 2023 QC Solar Corporation announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.59 (vs CN¥0.26 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.59 (up from CN¥0.26 in 2Q 2022). Revenue: CN¥345.3m (up 18% from 2Q 2022). Net income: CN¥49.1m (up 87% from 2Q 2022). Profit margin: 14% (up from 8.9% in 2Q 2022). The increase in margin was driven by higher revenue. New Risk • Jun 16
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 6.9% 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. This is currently the only risk that has been identified for the company. Announcement • May 31
QC Solar (Suzhou) Co., Ltd. Announces Final Cash Dividend Implementation of A Shares for 2022, Payable on 06 June 2023 QC Solar (Suzhou) Co., Ltd. announced final cash dividend implementation of A Shares of CNY 2.00000000 per 10 shares (tax included) for the year 2022. Record date: 05 June 2023. Ex-date: 06 June 2023. Payment date: 06 June 2023. Reported Earnings • Apr 25
Full year 2022 earnings released: EPS: CN¥2.22 (vs CN¥1.35 in FY 2021) Full year 2022 results: EPS: CN¥2.22 (up from CN¥1.35 in FY 2021). Revenue: CN¥1.10b (up 49% from FY 2021). Net income: CN¥118.4m (up 83% from FY 2021). Profit margin: 11% (up from 8.8% in FY 2021). The increase in margin was driven by higher revenue. Buying Opportunity • Apr 25
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥91.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 26%. Board Change • Mar 14
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Non-Employee Supervisor Zhihu Chen is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
