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    Electronic technology

  3. •

    Semiconductors
Changzhou Shichuang Energy Co., Ltd. Class A

Changzhou Shichuang Energy Co., Ltd. Class A

SSSE:688429
8.68
CNY
-0.14
(-1.59%)
-0.95EPS
4.08BMarket Cap
Oct 30Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.98
1.24
2.04
6.62
4.6
1.79
2.55
2.82
Basic EPS, GAAP
0.3
0.4
0.26
0.81
0.47
-1.63
-0.83
-0.95
Free Cash Flow per Basic Share
0.17
0.12
-1.39
1.51
-0.65
-1.86
-0.57
- -
Dividend per Share
0.06
- -
0.04
0.02
- -
0.08
0.04
0.04
Book Value per Share
5.75
8.56
2.83
3.81
5.79
4.2
3.45
2.83
Tangible Book Value per Share
5.63
8.23
2.78
3.76
5.74
4.07
3.33
2.72
Basic Weighted Avg Shares
353
354
349
362
376
398
399
396
Sales/Revenue/Turnover
345
438
712
2,395
1,731
711
1,018
1,116
Operating Margin (%)
38.2
40.06
22.5
14.25
11.11
-52.26
-31.34
-30.87
Depreciation Expense
23
18
43
90
92
163
279
- -
Net Income, GAAP
106
142
91
293
177
-649
-331
-374
Effective Tax Rate (%)
10.53
11.92
7.49
12.26
8.1
- -
- -
- -
Profit Margin (%)
30.71
32.3
12.74
12.24
10.22
-91.31
-32.53
-33.5
Working Capital
211
303
290
581
1,377
171
134
87
LT Debt
- -
1
133
3
84
1,663
1,701
1,768
Total Equity
333
495
1,020
1,375
2,317
1,684
1,384
1,135
Return on Invested Capital (%)
- -
33.63
10.99
22.7
8.38
- -
- -
- -
Return on Capital (%)
- -
33.45
11.46
23.27
8.83
- -
- -
- -
Return on Common Equity (%)
- -
34.21
11.98
24.5
9.6
-32.49
-21.64
-28.07

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
542
620
571
LT Borrowings
75
35
73
LT Finance Leases
1,626
1,610
1,696
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
400
400
400
Market Capitalization
5,236
5,676
4,076

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,616
1,505
1,437
Cash, Cash Equivalents & STI
703
554
479
Accounts Receivable, Net
173
207
130
Inventories
156
231
224
Total Current Liabilities
1,482
1,480
1,350
Payables & Accruals
- -
- -
- -
ST Debt
542
620
571
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
32.86%
-17.8%
Free Cash Flow
- -
-302.89%
-69.33%
Net Income, GAAP
- -
-73.66%
-48.97%
Sales/Revenue/Turnover
- -
51.08%
43.23%
Total Cash Common Dividend
- -
9,160.95%
-51.67%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
144
124
189
254
711
2025
181
270
- -
313
1,018
2026
254
279
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.15
-0.19
-0.95
-0.34
-1.63
2025
-0.41
-0.04
- -
-0.19
-0.83
2026
-0.27
-0.44
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.05
0.01
0.01
0.08
2025
0.01
0.01
- -
0.01
0.04
2026
0.01
0.01
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Min Fang
Full Time Employees
1,117
Sector
Electronic technology
Industry
Semiconductors
Address
Changzhou China
IPO Date
Jun 29, 2023
Website
shichuang.cc
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Business
Changzhou Shichuang Energy Co., Ltd. is a China-based technology enterprise engaged in the research, development, manufacture, and distribution of auxiliary materials, specialized equipment, and high-efficiency cell and module products for the photovoltaic industry. Founded in 2009 and headquartered in Changzhou, Jiangsu Province, China, the company operates across multiple stages of the solar manufacturing value chain, serving domestic and international clean energy markets. The company provides a comprehensive product and service portfolio organized into key business segments: photovoltaic wet-process auxiliary materials, including texturing additives, chemical polishing agents, cleaning aids, and etching auxiliaries engineered to optimize wafer surface treatment; specialized photovoltaic manufacturing equipment, including bulk defect passivation systems, chain-type annealing furnaces, interface passivation tools, chain gettering devices, and silicon wafer edge-slice processing machinery; and solar cells and modules, comprising high-efficiency n-type tunnel oxide passivated contact cells, half-cell solar modules, and proprietary stacked-grid photovoltaic modules. In recent strategic developments, Changzhou Shichuang Energy completed its initial public offering on the Shanghai Stock Exchange STAR Market in June 2023. To accelerate international market penetration and reinforce downstream integration, the company completed a strategic equity investment in solar module manufacturer Ningbo Ulica Solar Co., Ltd. in 2024, integrating established global distribution networks. Additionally, the company has advanced the industrialization of its proprietary stacked-grid metallization technology, which utilizes ultra-fine reflective triangular conductive wire on low-silver seed layers to significantly reduce silver paste consumption and increase module power output, while expanding commercial deployments of its gettering and passivation equipment across advanced n-type solar cell production lines.