Announcement • 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 Announcement • May 12
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 Reported Earnings • Apr 23
Full year 2025 earnings released: CN¥0.14 loss per share (vs CN¥0.008 profit in FY 2024) Full year 2025 results: CN¥0.14 loss per share (down from CN¥0.008 profit in FY 2024). Revenue: CN¥1.03b (down 22% from FY 2024). Net loss: CN¥199.0m (down CN¥209.8m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 139 percentage points per year, which is a significant difference in performance. Announcement • 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 New Risk • Jan 21
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 9.4% 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 (9.4% average weekly change). Earnings have declined by 56% per year over the past 5 years. Buy Or Sell Opportunity • Jan 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to CN¥4.68. The fair value is estimated to be CN¥3.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • 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 New Risk • Dec 01
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 7.4% 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 58% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Buy Or Sell Opportunity • Nov 17
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to CN¥5.06. The fair value is estimated to be CN¥3.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Oct 29
Third quarter 2025 earnings released: CN¥0.034 loss per share (vs CN¥0.006 profit in 3Q 2024) Third quarter 2025 results: CN¥0.034 loss per share (down from CN¥0.006 profit in 3Q 2024). Revenue: CN¥304.2m (down 22% from 3Q 2024). Net loss: CN¥48.7m (down CN¥57.4m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Announcement • 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 Reported Earnings • Aug 28
Second quarter 2025 earnings released: CN¥0.014 loss per share (vs CN¥0.014 profit in 2Q 2024) Second quarter 2025 results: CN¥0.014 loss per share (down from CN¥0.014 profit in 2Q 2024). Revenue: CN¥254.8m (down 43% from 2Q 2024). Net loss: CN¥19.4m (down 198% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. New Risk • Jul 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 6.8% 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 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Declared Dividend • Jul 07
Dividend reduced to CN¥0.01 Dividend of CN¥0.01 is 50% lower than last year. Ex-date: 9th July 2025 Payment date: 9th July 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 10 years, indicating a lack of growth and stability in payments. Announcement • 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 Announcement • 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 Announcement • 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). Reported Earnings • Apr 24
Full year 2024 earnings released: EPS: CN¥0.008 (vs CN¥0.016 in FY 2023) Full year 2024 results: EPS: CN¥0.008 (down from CN¥0.016 in FY 2023). Revenue: CN¥1.32b (up 17% from FY 2023). Net income: CN¥10.8m (down 53% from FY 2023). Profit margin: 0.8% (down from 2.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • 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 Announcement • 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). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • 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. Announcement • 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). Announcement • 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). 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 7% per year, which means it has not declined as severely as earnings. Announcement • 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 Announcement • 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 Announcement • 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). New Risk • Nov 02
New major risk - Revenue and earnings growth Earnings have declined by 0.2% 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. 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). Profit margins are more than 30% lower than last year (4.6% 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. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • 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. Announcement • 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). 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 12% per year, which means it is well ahead of earnings. Board Change • Nov 16
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. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.012 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.03 (up from CN¥0.012 in 3Q 2021). Revenue: CN¥270.5m (down 26% from 3Q 2021). Net income: CN¥41.7m (up 187% from 3Q 2021). Profit margin: 15% (up from 4.0% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 05
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. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.038 (vs CN¥0.072 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.038 (down from CN¥0.072 in 2Q 2021). Revenue: CN¥362.7m (down 4.2% from 2Q 2021). Net income: CN¥54.1m (down 39% from 2Q 2021). Profit margin: 15% (down from 24% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. 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 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 30
Shenzhen Topraysolar Co.,Ltd. Announces Final Dividend on Share A for 2021, Payable on July 6, 2022 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced Cash dividend/10 shares (tax included): CNY 0.35000000 on share A for 2021. Record date: 05 July 2022, Ex-date: 06 July 2022 and Payment date: 06 July 2022. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥5.83, the stock trades at a trailing P/E ratio of 58.9x. Average trailing P/E is 53x in the Semiconductor industry in China. Total returns to shareholders of 83% over the past three years. Board Change • Apr 27
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. 7 experienced directors. 5 highly experienced directors. Supervisor Peng Zhang was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 24
SHENZHEN TOPRAYSOLAR Co.,Ltd., Annual General Meeting, May 13, 2022 SHENZHEN TOPRAYSOLAR Co.,Ltd., Annual General Meeting, May 13, 2022, at 15:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to 2021 work report of the supervisory committee; to 2021 annual accounts; to 2021 annual report and its summary; to 2021 special report on the deposit and use of raised funds; to Provision of guarantee for the bank credit line applied for by wholly-owned subsidiaries; to Connected transactions regarding loans from the controlling shareholder and other shareholders; to Election and nomination of non-independent directors; and to consider other matter. Announcement • Apr 23
Shenzhen Topraysolar Co.,Ltd. Announces the Profit Distribution Proposal for 2021 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced the profit distribution proposal for 2021 cash dividend/10 shares (tax included) of CNY 0.35000000. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥4.43, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 58x in the Semiconductor industry in China. Total returns to shareholders of 17% over the past three years. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.15 (up from CN¥0.13 in FY 2020). Revenue: CN¥1.41b (up 3.9% from FY 2020). Net income: CN¥196.4m (up 19% from FY 2020). Profit margin: 14% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.012 (vs CN¥0.039 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥367.0m (up 1.4% from 3Q 2020). Net income: CN¥14.5m (down 70% from 3Q 2020). Profit margin: 4.0% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥6.67, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 70x in the Semiconductor industry in China. Total returns to shareholders of 159% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.46, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 71x in the Semiconductor industry in China. Total returns to shareholders of 177% over the past three years. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.072 (vs CN¥0.019 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¥378.6m (down 18% from 2Q 2020). Net income: CN¥89.3m (up 275% from 2Q 2020). Profit margin: 24% (up from 5.2% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥5.30, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 74x in the Semiconductor industry in China. Total returns to shareholders of 76% over the past three years. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.13 (vs CN¥0.063 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.36b (up 29% from FY 2019). Net income: CN¥165.7m (up 113% from FY 2019). Profit margin: 12% (up from 7.4% 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 3% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥5.07, the stock is trading at a trailing P/E ratio of 37.3x, up from the previous P/E ratio of 32.2x. This compares to an average P/E of 63x in the Semiconductor industry in China. Total returns to shareholders over the past three years are 23%. Announcement • Mar 04
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 16, 2021 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report fiscal year 2020 results on Apr 16, 2021 Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.14 (vs CN¥0.063 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.36b (up 29% from FY 2019). Net income: CN¥167.9m (up 115% from FY 2019). Profit margin: 12% (up from 7.4% 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 3% per year whereas the company’s share price has increased by 1% per year. Is New 90 Day High Low • Feb 05
New 90-day low: CN¥4.07 The company is down 14% from its price of CN¥4.73 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 7.0% over the same period. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥4.07, the stock is trading at a trailing P/E ratio of 34.5x, down from the previous P/E ratio of 41.1x. This compares to an average P/E of 67x in the Semiconductor industry in China. Total returns to shareholders over the past three years are 5.5%. Is New 90 Day High Low • Dec 24
New 90-day high: CN¥5.24 The company is up 20% from its price of CN¥4.35 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 13% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥146.1m, up 64% from the prior year. Total revenue was CN¥1.32b over the last 12 months, up 20% from the prior year. Announcement • Oct 19
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report Q3, 2020 Results on Oct 26, 2020 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report Q3, 2020 results on Oct 26, 2020 Valuation Update With 7 Day Price Move • Oct 13
Market bids up stock over the past week After last week's 17% share price gain to CN¥5.23, the stock is trading at a trailing P/E ratio of 50.6x, up from the previous P/E ratio of 43.2x. This compares to an average P/E of 83x in the Semiconductor industry in China. Total returns to shareholders over the past three years are 7.4%. Is New 90 Day High Low • Oct 09
New 90-day high: CN¥4.92 The company is up 31% from its price of CN¥3.76 on 10 July 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 14% over the same period. Announcement • Aug 07
SHENZHEN TOPRAYSOLAR Co.,Ltd. to Report First Half, 2020 Results on Aug 26, 2020 SHENZHEN TOPRAYSOLAR Co.,Ltd. announced that they will report first half, 2020 results on Aug 26, 2020