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Goodwe Technologies Co., Ltd. Class A

Goodwe Technologies Co., Ltd. Class A

688390.SS
Goodwe Technologies Co., Ltd. Class ACN flagShanghai Stock Exchange
77.50
CNY
-3.07
- -
12.23BMarket Cap
Goodwe Technologies Co., Ltd. Class A
688390.SS
(Shanghai Stock Exchange)

Recent

price

77.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
0.92
1.32
2.95
6.22
4.61
5.23
8.1
11.1
19.48
30.46
28.34
36.9
32.86
Revenue per Share
- -
0.02
0.08
0.36
0.31
0.31
0.57
1.33
1.16
2.69
3.53
-0.26
0.56
-0.23
Basic EPS, GAAP
- -
-0.13
0.02
0.77
0.61
-0.25
0.42
1.59
-0.09
1.61
1.94
-5.42
2.15
-1.29
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.34
0.02
0.18
0.01
0.44
0.44
0.83
0.6
0.15
0.15
Dividend per Share
- -
0.14
0.42
0.57
0.48
0.72
1.07
2.34
2.62
4.94
7.77
7.37
7.78
7.43
Book Value per Share
- -
0.16
0.44
0.69
1.41
1.6
2.16
7.27
6.56
9.09
12.17
11.64
11.33
11.59
Tangible Book Value per Share
- -
113
122
144
169
181
181
196
241
242
241
238
241
234
Basic Weighted Avg Shares
63
104
161
425
1,050
835
945
1,589
2,678
4,710
7,353
6,738
8,889
7,676
Sales/Revenue/Turnover
-14.44
6.14
4.78
13.55
10.15
7.91
15.29
20.44
13.4
13.92
13.84
0.53
2.75
0.23
Operating Margin (%)
1
1
1
1
3
9
13
20
43
74
117
163
179
- -
Depreciation Expense
-8
2
9
51
53
56
103
260
280
649
852
-62
135
-55
Net Income, GAAP
- -
18.75
15.96
15.86
38.01
7.99
15.2
14.46
5.96
7.8
13.7
- -
- -
3.5
Effective Tax Rate (%)
-13
1.99
5.81
12.11
5.06
6.71
10.88
16.38
10.44
13.78
11.59
-0.92
1.52
-0.71
Profit Margin (%)
-7
10
49
86
152
174
148
1,109
956
960
1,318
808
646
742
Working Capital
- -
- -
- -
- -
- -
30
- -
9
13
21
88
193
147
153
LT Debt
4
19
55
101
257
321
420
1,457
1,678
2,281
3,060
2,913
2,875
2,852
Total Equity
- -
31.26
14.63
56.55
34.81
18.76
29.63
29.2
21.44
29.38
30.85
- -
- -
- -
Return on Invested Capital (%)
- -
14.1
25.6
75.66
65.2
41.61
47.76
74.36
49.01
67.04
49.71
- -
- -
-2.13
Return on Capital (%)
- -
20.79
27.57
76.76
65.2
52.96
63.52
79.78
51.14
71.02
55.52
-3.41
7.44
-3.1
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,137
1,378
1,237
LT Borrowings
169
- -
131
LT Finance Leases
25
20
22
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
243
243
243
Market Capitalization
9,823
10,522
10,149

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
5,269
5,309
5,499
Cash, Cash Equivalents & STI
1,088
1,117
1,079
Accounts Receivable, Net
857
1,117
1,246
Inventories
2,638
2,183
2,185
Total Current Liabilities
4,461
4,664
4,757
Payables & Accruals
- -
- -
- -
ST Debt
1,137
1,378
1,237
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
62.13%
15.83%
-1.33%
Free Cash Flow
112.87%
-484.15%
-140.24%
Net Income, GAAP
44.13%
-50.92%
-318.27%
Sales/Revenue/Turnover
59.65%
44.82%
31.93%
Total Cash Common Dividend
9,482.4%
1,377.07%
-74.72%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,126
2,022
1,796
1,794
6,738
2025
1,882
2,204
2,695
- -
8,889
2026
2,361
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.12
- -
- -
- -
-0.26
2025
-0.12
- -
- -
- -
0.56
2026
0.41
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.6
2025
0.02
- -
- -
- -
0.15
2026
0.02
- -
- -
- -
- -
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Business
GoodWe Technologies Co., Ltd. is a China-based manufacturer and innovator specializing in photovoltaic (PV) inverters, energy storage solutions, and smart energy management systems for residential, commercial, industrial, and utility-scale applications. Founded in 2010 and headquartered in Suzhou, China, the company designs, produces, and sells a broad range of products including photovoltaic grid-connected inverters, photovoltaic energy storage inverters, hybrid inverters, smart data collectors, smart energy management systems (SEMS), electric vehicle chargers, batteries, photovoltaic building materials such as residential solar carports, and associated monitoring systems and accessories. GoodWe operates globally, serving markets across China, Europe (Germany, Italy, the Netherlands, Belgium), Australia, South Korea, India, Turkey, Mexico, and Brazil, among others. The company employs over 6,000 professionals and maintains a strong research and development team focused on continuous innovation. In recent developments, GoodWe has strengthened its position as a comprehensive smart energy solutions provider by expanding its product portfolio in 2024/2025 to include advanced hybrid inverters like the ET G2 series, all-in-one energy storage systems such as the ESA Series with high-capacity inverters and batteries, and new EV chargers featuring smart phase switching. The company also enhanced its digital platform with the launch of the SEMS+ Monitoring Portal, offering advanced analytics and system optimization for users and installers. GoodWe marked its 15th anniversary by charting a new strategic blueprint focused on integrating generation, grid, load, storage, and intelligence to transform global clean energy usage and management. Additionally, the company conducted share repurchases reflecting capital management efforts and expanded its presence and subsidy-driven growth in key international markets like Australia and Europe. GoodWe maintains a strong commitment to ESG governance, sustainability, and innovation, aligning with global UN Sustainable Development Goals and being recognized repeatedly for its workplace culture and ESG practices.