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EGing Photovoltaic Technology Co.,Ltd.

EGing Photovoltaic Technology Co.,Ltd.

600537.SS
EGing Photovoltaic Technology Co.,Ltd.CN flagShanghai Stock Exchange
2.87
CNY
-0.14
- -
3.40BMarket Cap
EGing Photovoltaic Technology Co.,Ltd.
600537.SS
(Shanghai Stock Exchange)

Recent

price

2.87

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
6.31
6.82
1.84
2.73
3.39
4.21
4.46
3.4
3.11
3.05
3.45
3.46
8.53
7.19
2.95
1.64
1.86
Revenue per Share
1.33
0.18
-0.65
0.07
0.13
0.2
0.31
0.04
0.06
-0.26
-0.55
-0.51
0.11
0.06
-1.77
-0.45
-1.33
Basic EPS, GAAP
-0.25
-0.96
-0.44
0.62
-0.08
0.09
0.17
- -
0.14
-0.18
-0.02
-0.7
-0.09
-0.55
-0.12
0.02
-0.04
Free Cash Flow per Basic Share
0.06
0.14
0.12
0.12
0.12
0.11
0.09
0.15
0.01
0.02
0.03
0.03
0.01
0.01
0.01
0.01
0.01
Dividend per Share
2.72
3.13
1.11
1.27
1.39
1.36
2.07
1.86
2.03
1.71
1.13
0.62
0.76
0.85
-0.97
-1.43
-0.98
Book Value per Share
3.09
3.04
1
1.16
1.29
2.23
2.49
2.84
3.07
2.74
2.14
2.15
2.34
2.47
0.3
-0.2
0.14
Tangible Book Value per Share
563
597
1,066
984
959
1,167
1,159
1,217
1,143
1,165
1,186
1,182
1,158
1,127
1,181
1,173
1,329
Basic Weighted Avg Shares
3,549
4,071
1,963
2,690
3,249
4,919
5,167
4,138
3,550
3,559
4,098
4,083
9,876
8,102
3,478
1,927
2,470
Sales/Revenue/Turnover
27.29
6.88
-19.91
6.63
7.72
9.7
10.95
3.65
3.22
-0.27
-2.2
-6.55
1.36
4.68
-18.58
-9.3
-14.73
Operating Margin (%)
91
144
225
261
274
304
316
335
359
332
284
300
252
345
488
291
- -
Depreciation Expense
747
106
-688
69
120
233
359
49
69
-303
-652
-603
127
68
-2,090
-528
-1,773
Net Income, GAAP
14.72
17.16
- -
2.94
- -
- -
12.91
- -
10.05
- -
- -
- -
- -
32.46
- -
- -
- -
Effective Tax Rate (%)
21.04
2.6
-35.05
2.56
3.69
4.75
6.95
1.18
1.93
-8.51
-15.92
-14.76
1.29
0.83
-60.1
-27.38
-71.78
Profit Margin (%)
415
-360
-1,096
-841
-942
-171
694
1,150
1,277
1,410
-168
957
516
-149
-208
-290
-301
Working Capital
- -
130
381
340
200
- -
551
506
450
100
321
67
6
75
282
80
92
LT Debt
1,847
1,921
1,209
1,277
1,372
2,751
3,033
3,597
3,650
3,324
2,672
2,671
2,837
2,935
498
-89
324
Total Equity
44.14
7.13
- -
5.64
- -
- -
12.06
- -
2.55
- -
- -
- -
- -
7.2
- -
- -
- -
Return on Invested Capital (%)
47.11
5.16
- -
5.78
- -
- -
12.16
- -
3.09
- -
- -
- -
- -
5.62
- -
- -
- -
Return on Capital (%)
82.75
6.22
-45.16
5.68
9.29
15.96
17.99
2.08
2.99
-14.05
-39.15
-57.98
15.72
7.37
- -
- -
-103.55
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
374
339
526
LT Borrowings
222
229
40
LT Finance Leases
60
72
51
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,186
1,184
1,184
Market Capitalization
3,598
3,866
3,906

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,660
2,718
2,509
Cash, Cash Equivalents & STI
1,160
1,175
1,236
Accounts Receivable, Net
977
984
818
Inventories
323
339
256
Total Current Liabilities
2,868
2,752
2,810
Payables & Accruals
- -
- -
- -
ST Debt
374
339
526
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-18.96%
-38.27%
-117.96%
Free Cash Flow
-151.14%
696.28%
-113.38%
Net Income, GAAP
-386.09%
-688.58%
-74.75%
Sales/Revenue/Turnover
0.82%
4.38%
-44.58%
Total Cash Common Dividend
2.32%
-4.14%
7.97%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,005
1,184
520
769
3,478
2025
608
573
372
- -
1,927
2026
170
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.18
- -
- -
- -
-1.77
2025
-0.04
- -
- -
- -
-0.45
2026
-0.06
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.01
2025
- -
- -
- -
- -
0.01
2026
- -
- -
- -
- -
- -
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Business
EGing Photovoltaic Technology Co., Ltd. (600537.SS) researches, develops, manufactures, and sells high-efficiency crystalline silicon photovoltaic cells and modules; offers residential PV modules such as the Fantasy Series (N-TOPCon, multi-color BAPV) and Nebula Series (N-TOPCon, multi-color BIPV for building curtain walls); provides commercial PV modules; supplies utility-scale PV modules including Star Pro Series (N-TOPCon, 182mm x 182mm cells), Aurora Pro Series (N-TOPCon, 182mm x 210mm cells), Aurora Pro+ Series (N-TOPCon, 182mm x 210mm cells), Aurora Plus Series (HJT, 210mm x 210mm cells), and Aurora Ultra Series (TBC, 182mm x 210mm cells); and engages in photovoltaic power station construction and operation. Founded in 2003 and headquartered in Changzhou, Jiangsu Province, China, the company operates a modern production base spanning over 1.6 million square meters with more than 1,500 employees and an annual capacity exceeding 25GW for cells and modules; it exports to over 55 countries and regions, including strong presence in Europe, Latin America (notably Brazil, where it ranks top 3 in module supply), Southeast Asia, Japan, the Middle East, and the Balkans. EGing maintains advanced R&D platforms such as the Jiangsu (EGing) PV Engineering Research Institute (focusing on HJT/TOPCon cells and system reliability), Jiangsu Solar Materials Engineering Center, and a CNAS-certified laboratory, consistently ranking as a Bloomberg NEF Tier 1 PV module maker and Jiangsu Provincial Advanced Smart Factory. Recent developments include a June 2025 strategic partnership with MICRONOMY for distributing, installing, and supporting EGing products in Greece and the Balkans, backed by a 100MW module framework contract with initial 10.12MW utility and C&I projects; successful CNAS reassessment of its R&D center laboratory in July 2025; showcasing new Aurora Pro and Star Pro series at Intersolar South America 2025 and China-Arab Expo; and recognition as a top importer and distributor partner in Brazil via expanded channels with major firms like BelEnergy and Sou Energy.