1. People's Republic of China Stocks

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    Independent Power Producers
Sunpower Group Ltd.

Sunpower Group Ltd.

5GD.SI
Sunpower Group Ltd.SG flagStock Exchange of Singapore
0.51
SGD
+0.01
- -
418.92MMarket Cap
Sunpower Group Ltd.
5GD.SI
(Stock Exchange of Singapore)

Recent

price

0.51

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.86
3.8
3.57
3.96
3.33
3.62
2.2
2.66
4.42
4.63
1.69
3.69
4.33
4.28
4.41
- -
4.24
Revenue per Share
0.26
0.28
0.18
0.16
0.15
0.21
0.19
0.2
0.43
0.18
-0.07
1.03
0.17
0.22
0.15
- -
0.17
Basic EPS, GAAP
0.08
-1.09
0.35
-0.17
-0.07
0.2
-0.28
-0.66
-0.14
-0.25
-0.07
-0.93
-0.29
0.09
0.58
- -
0.73
Free Cash Flow per Basic Share
- -
0.02
0.02
0.01
- -
- -
0.01
0.01
0.01
0.01
0.01
1.18
- -
0.01
- -
- -
- -
Dividend per Share
0.95
1.2
1.37
1.5
1.47
1.62
1.04
1.21
1.6
1.6
1.35
1.38
1.48
1.63
1.68
- -
1.81
Book Value per Share
1.12
1.34
1.51
1.63
1.72
2.11
0.45
-0.13
-1.17
-1.6
-2.26
-3.31
-3.67
-3.35
-2.92
- -
-2.3
Tangible Book Value per Share
329
329
329
329
371
397
738
738
738
779
789
794
796
796
796
- -
796
Basic Weighted Avg Shares
941
1,249
1,173
1,303
1,235
1,435
1,626
1,965
3,263
3,605
1,335
2,930
3,449
3,403
3,505
3,337
3,370
Sales/Revenue/Turnover
13.32
10.43
9.57
7.33
6.99
7.76
10.8
7.87
11.06
15.19
22.23
5.43
10.86
18.97
21.64
23.94
18.1
Operating Margin (%)
12
15
19
23
30
28
32
50
106
145
174
177
204
242
271
267
272
Depreciation Expense
87
91
61
54
56
81
142
146
321
138
-56
816
139
176
119
313
136
Net Income, GAAP
17.88
17.75
22.82
25.58
21.88
18.75
18.01
15.17
15.75
37.79
- -
23.24
19.86
21.89
28.03
28.96
28.12
Effective Tax Rate (%)
9.2
7.28
5.18
4.13
4.54
5.68
8.74
7.42
9.82
3.83
-4.16
27.86
4.02
5.17
3.41
9.38
4.02
Profit Margin (%)
274
266
263
252
348
543
234
660
-94
24
386
-109
-1,037
53
-824
-140
37
Working Capital
44
30
- -
- -
- -
16
157
1,255
1,569
2,201
3,113
3,058
2,429
3,167
2,009
2,204
2,602
LT Debt
406
492
549
597
696
993
1,144
1,403
1,830
2,000
1,984
1,864
2,050
2,313
2,543
2,943
2,742
Total Equity
16.57
13.23
9.09
6.96
6.17
7.1
9.17
5.36
8.47
7.32
- -
2.12
5.06
7.76
7.9
8.17
6.48
Return on Invested Capital (%)
18.9
16.45
9.89
8.6
7.99
9.75
12.88
10.52
13.75
6.49
- -
19.18
5.15
5.09
2.98
5.24
3.22
Return on Capital (%)
31.92
25.77
14.4
11.42
10.79
13.69
20.15
17.57
30.98
11.38
-4.8
75.49
12.22
14.18
9.06
21.59
9.62
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
2,735
2,157
1,508
LT Borrowings
2,009
2,112
2,602
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
796
796
796
Market Capitalization
1,063
925
1,121

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,714
2,276
2,228
Cash, Cash Equivalents & STI
1,263
833
754
Accounts Receivable, Net
879
913
938
Inventories
167
103
119
Total Current Liabilities
3,537
2,848
2,191
Payables & Accruals
- -
- -
- -
ST Debt
2,735
2,157
1,508
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.92%
8.48%
15.71%
Free Cash Flow
136.75%
330.68%
43.82%
Net Income, GAAP
-149.6%
-299.14%
161.97%
Sales/Revenue/Turnover
18.17%
26.8%
-4.81%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
798
839
772
994
3,403
2024
826
911
749
1,019
3,505
2025
793
809
- -
- -
3,337

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.04
0.02
0.11
- -
0.22
2024
0.07
0.08
-0.03
- -
0.15
2025
0.09
0.08
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
0.01
- -
- -
0.01
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Sunpower Group Ltd. (SGX:5GD), founded in 1997 and headquartered in Nanjing, China, operates as an investment holding company focused on green investments, centralized cogeneration of clean energy, and related engineering services; it is listed on the Singapore Exchange since 2005. The company primarily engages in the Green Investment (GI) segment through 11 operational projects that supply clean industrial steam, civil heating, electricity, compressed air, and complementary services to industrial parks in economically developed regions of China, leveraging AI and proprietary technologies for energy-efficient, low-emission circular economy solutions aligned with China's Dual Carbon goals. Its high-end manufacturing and engineering services include heat exchangers and pressure vessels, heat pipes and heat-pipe exchangers, pipeline energy-saving products, LNG gasifiers, coiled tube heat exchangers, composite cold insulation materials, and permafrost treatment engineering via subsidiaries such as Jiangsu Sunpower Heat Exchanger & Pressure Vessel Co., Ltd., Jiangsu Sunpower Technology Co., Ltd., and Nanjing Shengnuo Heat Pipe Co., Ltd., serving industries including petrochemicals, steel, chemicals, metallurgy, and solar energy primarily in China with operations extending to the US and Singapore. Recent developments encompass a renounceable non-underwritten rights issue of up to S$99.6 million in 7.0% convertible bonds in March 2025 to support GI business expansion and operations; redemption of approximately US$130 million in existing convertible bonds held by major investors including Glory Sky Vision Limited and Blue Starry Energy Limited in April 2025; and strategic funding initiatives including prior convertible bond issuances to DCP Capital Partners L.P. and CDH China Management Company Limited for GI portfolio growth. Sunpower maintains long-term concessions and pipeline networks ensuring stable, recurring revenue from a diversified B2B customer base in key industrial clusters, with a history of shareholder dividends including a substantial special payout in FY2021 from the disposal of its original Manufacturing and Services business.