SEHK:8111

Stock Analysis Report

China Technology Solar Power Holdings

Executive Summary

China Technology Solar Power Holdings Limited, an investment holding company, primarily provides solar power related products in the People's Republic of China.

Snowflake

Fundamentals

Imperfect balance sheet with poor track record.

Share Price & News

How has China Technology Solar Power Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8111's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.7%

8111

-4.7%

HK Tech

-3.3%

HK Market


1 Year Return

-51.2%

8111

-27.2%

HK Tech

0.01%

HK Market

Return vs Industry: 8111 underperformed the Hong Kong Tech industry which returned -27.2% over the past year.

Return vs Market: 8111 underperformed the Hong Kong Market which returned 0% over the past year.


Shareholder returns

8111IndustryMarket
7 Day-8.7%-4.7%-3.3%
30 Day-20.3%-2.2%0.1%
90 Day-20.3%-1.4%5.3%
1 Year-51.2%-51.2%-26.5%-27.2%3.6%0.01%
3 Year-65.0%-65.0%5.1%-3.7%20.9%8.8%
5 Year-59.1%-59.1%-27.2%-41.2%20.5%0.5%

Price Volatility Vs. Market

How volatile is China Technology Solar Power Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Technology Solar Power Holdings undervalued compared to its fair value and its price relative to the market?

5.84x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8111's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8111's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8111 is unprofitable, so we can't compare its PE Ratio to the Tech industry average.

PE vs Market: 8111 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8111's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8111 is overvalued based on its PB Ratio (5.8x) compared to the HK Tech industry average (1.1x).


Next Steps

Future Growth

How is China Technology Solar Power Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.6%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as China Technology Solar Power Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has China Technology Solar Power Holdings performed over the past 5 years?

-30.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8111 has large one-off items impacting its financial results.

Growing Profit Margin: 8111's current net profit margins (-24.4%) are higher than last year (-31.7%).


Past Earnings Growth Analysis

Earnings Trend: 8111 is unprofitable, and losses have increased over the past 5 years at a rate of -30.8% per year.

Accelerating Growth: Unable to compare 8111's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8111 is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (21.5%).


Return on Equity

High ROE: 8111 has a negative Return on Equity (-144.33%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is China Technology Solar Power Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8111's short term assets (CN¥180.1M) exceeds its short term liabilities (CN¥116.9M)

Long Term Liabilities: 8111's short term assets (180.1M) exceeds its long term liabilities (32.0M)


Debt to Equity History and Analysis

Debt Level: 8111's debt to equity ratio (117.6%) is considered high

Reducing Debt: 8111's debt to equity ratio has increased from 19% to 117.6% over the past 5 years.


Balance Sheet

Inventory Level: 8111 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 8111's debt is covered by short term assets (assets are 4.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 8111 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 8111 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -75.3% each year


Next Steps

Dividend

What is China Technology Solar Power Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.2%markettop25%6.3%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 8111's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8111's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 8111's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8111's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8111's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of China Technology Solar Power Holdings's salary, the management and board of directors tenure and is there insider trading?

7.3yrs

Average management tenure


CEO

Tung Chiu (67yo)

7.3yrs

Tenure

CN¥309,000

Compensation

Mr. Tung Ping Chiu has been the Chief Executive Officer of China Technology Solar Power Holdings Limited (formerly Soluteck Holdings Limited) since July 13, 2012. Mr. Chiu serves as the General Manager of  ...


CEO Compensation Analysis

Compensation vs Market: Tung's total compensation ($USD44.10K) is below average for companies of similar size in the Hong Kong market ($USD216.43K).

Compensation vs Earnings: Tung's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

7.3yrs

Average Tenure

48.5yo

Average Age

Experienced Management: 8111's management team is seasoned and experienced (7.3 years average tenure).


Board Age and Tenure

7.0yrs

Average Tenure

51.5yo

Average Age

Experienced Board: 8111's board of directors are considered experienced (7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCN¥94,945,64117 Sep 19
Bo Huang
EntityIndividual
Shares217,766,038
Max PriceCN¥0.44
SellCN¥94,945,64116 Jul 19
Good Million Investments Limited
EntityCompany
Shares217,766,038
Max PriceCN¥0.44

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 41%.


Management Team

  • Anita Chan (52yo)

    Financial Controller & Company Secretary

    • Tenure: 0yrs
  • Keith Tse (45yo)

    CFO & Executive Director

    • Tenure: 0.3yrs
  • Hing Yuen (63yo)

    Executive Director

    • Tenure: 8.4yrs
    • Compensation: CN¥103.00k
  • Tung Chiu (67yo)

    Chairman & CEO

    • Tenure: 7.3yrs
    • Compensation: CN¥309.00k
  • Xin Hu (36yo)

    Compliance Officer & Executive Director

    • Tenure: 7.7yrs
    • Compensation: CN¥182.00k
  • Ming Cao (38yo)

    Chief Technical Engineer of A Subsidiary of The Group

    • Tenure: 0yrs

Board Members

  • Shut Lam (72yo)

    Director of Truth Honour Electronic Limited

    • Tenure: 0yrs
  • Keith Tse (45yo)

    CFO & Executive Director

    • Tenure: 0.3yrs
  • Hing Yuen (63yo)

    Executive Director

    • Tenure: 8.4yrs
    • Compensation: CN¥103.00k
  • Tung Chiu (67yo)

    Chairman & CEO

    • Tenure: 7.3yrs
    • Compensation: CN¥309.00k
  • Xin Hu (36yo)

    Compliance Officer & Executive Director

    • Tenure: 7.7yrs
    • Compensation: CN¥182.00k
  • Xianglin Meng (55yo)

    Independent Non Executive Director

    • Tenure: 7yrs
    • Compensation: CN¥104.00k
  • Guangwu Dong (48yo)

    Independent Non Executive Director

    • Tenure: 7yrs
    • Compensation: CN¥207.00k
  • Xingqin Ma (31yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: CN¥36.00k

Company Information

China Technology Solar Power Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Technology Solar Power Holdings Limited
  • Ticker: 8111
  • Exchange: SEHK
  • Founded:
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: HK$124.796m
  • Shares outstanding: 1.84b
  • Website: https://www.chinatechsolar.com

Number of Employees


Location

  • China Technology Solar Power Holdings Limited
  • Kai Tak Commercial Building
  • 18th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8111SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2001

Biography

China Technology Solar Power Holdings Limited, an investment holding company, primarily provides solar power related products in the People's Republic of China. It is involved in the research and developme ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 12:42
End of Day Share Price2019/11/13 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.