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Arctech Solar Holding Co., Ltd.

Arctech Solar Holding Co., Ltd.

688408.SS
Arctech Solar Holding Co., Ltd.CN flagShanghai Stock Exchange
28.70
CNY
-1.27
- -
6.29BMarket Cap
Arctech Solar Holding Co., Ltd.
688408.SS
(Shanghai Stock Exchange)

Recent

price

28.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.02
10.81
13.74
15.01
18.53
11.86
18.46
31.67
44.45
34.07
44.84
Revenue per Share
0.28
0.3
0.64
1.07
1.69
0.07
0.22
1.71
3.11
-0.05
2.58
Basic EPS, GAAP
-1.32
0.54
0.37
1.33
1.91
-1.62
-2.8
2.54
-1.24
-7.81
-1.77
Free Cash Flow per Basic Share
0.07
0.06
0.03
0.24
0.03
0.3
0.07
0.23
0.82
1.34
1.75
Dividend per Share
1
1.3
1.85
2.63
4.07
3.16
3.38
4.98
7.71
6.61
6.97
Book Value per Share
2.97
4.26
4.47
5.31
14.12
11.26
11.7
13.22
21.09
19.71
19.43
Tangible Book Value per Share
128
146
151
152
169
204
201
202
203
202
216
Basic Weighted Avg Shares
768
1,581
2,074
2,282
3,129
2,415
3,703
6,390
9,026
6,885
9,686
Sales/Revenue/Turnover
10.52
4.47
7.9
9.61
12.08
-0.47
3.08
9.15
11.15
5.52
9.52
Operating Margin (%)
13
15
13
16
26
37
59
85
99
118
- -
Depreciation Expense
35
43
97
162
285
15
44
345
632
-10
558
Net Income, GAAP
29.22
14.87
17.2
14.51
15.13
- -
- -
16.18
17.84
114.81
18.61
Effective Tax Rate (%)
4.57
2.73
4.69
7.11
9.13
0.62
1.2
5.4
7
-0.15
5.76
Profit Margin (%)
285
509
464
527
2,079
1,494
1,455
1,705
3,304
3,060
3,401
Working Capital
35
- -
- -
- -
- -
11
70
147
395
721
695
LT Debt
412
660
757
890
2,482
2,443
2,499
2,815
4,427
4,124
4,341
Total Equity
- -
9.97
18.94
22.35
18.88
- -
- -
15.84
18.49
-1
14.4
Return on Invested Capital (%)
- -
21.02
34.19
39.31
46.76
- -
- -
25.14
27.76
-0.73
18.61
Return on Capital (%)
- -
27.16
41.46
47.87
52.54
2.26
6.72
41
49.15
-0.7
40.69
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,014
853
1,078
LT Borrowings
328
548
630
LT Finance Leases
67
57
65
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
219
219
219
Market Capitalization
9,726
11,864
10,084

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
8,252
8,410
8,066
Cash, Cash Equivalents & STI
3,714
3,142
2,622
Accounts Receivable, Net
1,575
1,546
2,337
Inventories
1,414
1,951
1,448
Total Current Liabilities
4,948
4,780
4,665
Payables & Accruals
- -
- -
- -
ST Debt
1,014
853
1,078
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
12.76%
-6.84%
Free Cash Flow
- -
11.07%
527.65%
Net Income, GAAP
- -
151.77%
-101.6%
Sales/Revenue/Turnover
- -
24.12%
-23.72%
Total Cash Common Dividend
- -
289.29%
62.76%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,814
1,562
2,606
3,044
9,026
2025
1,559
2,478
1,507
- -
6,885
2026
1,422
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.14
- -
- -
- -
3.11
2025
0.51
- -
- -
- -
-0.05
2026
-0.22
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.82
2025
0.03
- -
- -
- -
1.34
2026
0.05
- -
- -
- -
- -
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Business
Arctech Solar Holding Co., Ltd. (688408.SS) manufactures and supplies intelligent solar trackers, fixed-tilt structures, PV cleaning robots, energy storage solutions, and building-integrated photovoltaics (BIPV) systems for utility-scale and commercial solar projects worldwide. Core products include the SkyLine II single-axis solar tracking system, SkySmart II trackers, cable trackers, smart rooftop BIPV solutions, dual rooftop BIPV solutions, solar carport solutions, intelligent installation robots, hybrid photovoltaic/thermal systems, and intelligent control boxes; the company operates under its innovative 'Tracker+' business model, which integrates these offerings with complementary services to provide holistic solar energy solutions. Founded in 2009 and headquartered in Suzhou, Jiangsu Province, China, Arctech maintains manufacturing facilities in China, India, Saudi Arabia, and Brazil with over 30 GW annual capacity, alongside local offices and service centers in more than 40 countries including Japan, the US, Spain, Australia, UAE, Mexico, Chile, Vietnam, Argentina, South Africa, Colombia, and Southeast Asia regions. As of 2025, the company has delivered over 100 GW of systems to nearly 2,000 PV plants globally, holding top rankings among tracker suppliers by Wood Mackenzie and S&P Global. Recent developments include securing a 1.5 GW SkyLine II tracker supply agreement with PowerChina for the Al Ajban project in the UAE in early 2025, a 1.2 GW contract with China Energy International Engineering for the Khulis PV project in Saudi Arabia in November 2025 bringing its PIF6 cluster commitment to 5.4 GW, approval in September 2024 for a 1.1 billion yuan share issuance to fund solar tracker R&D, production expansions, a PV industrial park, and working capital, and the introduction of the 'Tracker+' model in 2024.