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Shenzhen Topray Solar Co., Ltd. Class A

Shenzhen Topray Solar Co., Ltd. Class A

SSZSE:002218
3.48
CNY
0.00
(0.00%)
-0.12EPS
5.41BMarket Cap
Shenzhen Topray Solar Co., Ltd. Class A
SZSE:002218
(Shenzhen Stock Exchange)

Recent

price

3.48

P/E

ratio

- -

div

yld

0.77%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.67
0.5
0.55
1.33
0.51
0.59
0.89
1.24
0.85
0.92
1.1
1.01
0.93
0.78
0.98
0.73
0.67
Revenue per Share
0.11
-0.15
0.01
0.01
- -
0.03
0.1
0.13
0.06
0.06
0.13
0.14
0.07
0.02
0.01
-0.14
-0.12
Basic EPS, GAAP
-0.33
-0.78
-0.17
-0.29
0.03
-0.53
-0.2
-0.17
-0.24
0.13
0.16
-0.03
0.22
-0.12
-0.09
0.18
- -
Free Cash Flow per Basic Share
0.02
0.04
0.03
0.04
0.05
0.07
0.06
0.08
0.13
0.13
0.11
0.15
0.11
0.07
0.07
0.04
0.03
Dividend per Share
0.91
1.45
1.46
1.54
1.43
2.11
2.19
2.29
2.32
2.38
2.48
2.98
3
2.97
2.96
2.81
2.78
Book Value per Share
0.83
1.37
1.36
1.42
1.21
1.87
1.92
1.97
1.97
2.01
2.1
2.66
2.7
2.71
2.72
2.6
2.58
Tangible Book Value per Share
875
963
968
763
1,075
1,242
1,287
1,223
1,316
1,148
1,232
1,416
1,415
1,444
1,348
1,413
1,409
Basic Weighted Avg Shares
588
478
529
1,018
546
728
1,142
1,515
1,121
1,054
1,361
1,424
1,323
1,127
1,322
1,027
943
Sales/Revenue/Turnover
22.35
-12.27
-0.18
4.34
7.09
10.21
14.76
17.27
17.15
17.69
20.26
22.1
16.46
9.77
9.85
-11.82
-9.49
Operating Margin (%)
31
49
64
82
124
137
207
194
233
269
300
317
301
308
336
334
- -
Depreciation Expense
96
-140
5
4
-5
31
129
159
79
69
161
195
96
23
11
-199
-167
Net Income, GAAP
17.92
- -
1.49
37.44
- -
8.78
- -
5.84
- -
- -
14.17
3.84
17.85
12.23
52.99
- -
- -
Effective Tax Rate (%)
16.38
-29.22
1.01
0.37
-0.99
4.27
11.28
10.5
7.05
6.54
11.86
13.73
7.28
2.05
0.82
-19.37
-17.75
Profit Margin (%)
163
333
215
177
-187
461
873
-120
-303
-129
91
1,311
1,713
1,630
1,999
1,446
1,690
Working Capital
- -
- -
- -
- -
100
143
692
382
592
586
238
163
627
1,334
1,799
1,189
1,449
LT Debt
790
1,422
1,427
1,533
1,403
2,607
2,704
2,829
2,869
2,938
3,066
4,204
4,235
4,200
4,186
3,968
3,914
Total Equity
10.11
- -
-1.3
-0.02
- -
0.56
- -
3.78
- -
- -
2.62
3.83
1.92
0.75
0.42
- -
- -
Return on Invested Capital (%)
11.16
- -
1.73
1.08
- -
3.41
- -
5.35
- -
- -
5.95
6.56
3.39
1.47
0.67
- -
- -
Return on Capital (%)
12.88
-12.63
0.37
0.26
-0.37
1.55
4.85
5.75
2.77
2.37
5.38
5.38
2.28
0.55
0.26
-4.88
-4.15
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
723
610
329
LT Borrowings
1,149
1,243
1,411
LT Finance Leases
40
38
38
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,413
1,408
1,408
Market Capitalization
6,133
9,760
5,408

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,698
2,627
2,520
Cash, Cash Equivalents & STI
1,016
948
863
Accounts Receivable, Net
1,159
1,240
1,207
Inventories
304
270
269
Total Current Liabilities
1,252
1,111
830
Payables & Accruals
- -
- -
- -
ST Debt
723
610
329
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.8%
6.3%
-5.2%
Free Cash Flow
-156.68%
-284.08%
-318.49%
Net Income, GAAP
-169.46%
-420.75%
-1,944.78%
Sales/Revenue/Turnover
6.44%
-4.45%
-22.28%
Total Cash Common Dividend
1.53%
-10.65%
-40.6%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
283
444
389
205
1,322
2025
254
255
- -
215
1,027
2026
231
243
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.01
0.01
-0.01
0.01
2025
-0.03
-0.01
- -
-0.06
-0.14
2026
-0.03
-0.01
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.03
0.01
0.07
2025
0.01
0.01
- -
- -
0.04
2026
0.01
0.01
- -
- -
- -
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Business
SHENZHEN TOPRAYSOLAR Co.,Ltd. (002218.SZ) manufactures and sells photovoltaic products as a vertically integrated solar energy company headquartered in Shenzhen, China, and founded in 2002. The company produces solar cell chips and modules including amorphous silicon thin-film, monocrystalline and polycrystalline varieties; solar photovoltaic glass; solar EVA films and adhesive materials; solar power systems and application products such as chargers, water heaters, brackets, collector plates and BIPV solutions; raw materials like ingots, wafers and junction boxes; as well as standalone solar consumer items and EPC services for distributed rooftop projects, utility-scale power plants exceeding 1GW capacity, photovoltaic poverty alleviation initiatives and energy storage integrations. It operates seven production bases across China in locations including Guangdong, Shaanxi, Sichuan, Qinghai and Xinjiang provinces, with global sales reaching over 80 multinational retail chains in Europe, North America, Africa and Asia; subsidiaries include Topray Solar GmbH, Topray Power Inc. and ASE Solar Energy Co., Ltd. In early 2023, the company acquires a 60% stake in an energy storage technology firm for $10 million to bolster integrated solar-storage offerings; it invests $15 million in R&D for advanced solar cells targeting 5% efficiency gains, forms a strategic partnership with a major California utility for solar farm development generating $5 million annual revenue, and expands exports which comprise 40% of sales amid a 20% rise in PV module shipments.