SolaX Power Network Technology (Zhejiang) Co., Ltd. (SHA:688717)

China · Delayed Price · Currency is CNY

57.69

+1.68 (3.00%)

At close: Aug 4, 2026

SHA:688717 Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,737	4,082	3,073	4,473	4,612	832.67
Revenue Growth	48.61%	32.84%	-31.30%	-3.01%	453.86%	114.00%
Gross Profit	1,464	1,224	1,130	1,710	1,771	295.99
Operating Income	-32.85	-197.99	106.33	1,037	1,241	99.65
Net Income	141.62	120.92	203.6	1,065	1,134	62.87
Earnings Per Share	0.89	0.76	1.27	8.87	9.45	0.52
EPS Growth	-34.17%	-40.16%	-85.68%	-6.14%	1717.31%	85.71%

Revenue by Geography

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Europe	1,876
Asia	1,277
Oceania	417.77
North America	110.78
Africa	35.46
South America	35.15
Total	3,752

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	2,895	3,004	3,176	3,039	791.43	200.4
Total Debt	44.62	51.44	59.13	68.25	107.06	149.73
Net Cash (Debt)	2,850	2,952	3,117	2,970	684.36	50.67
Net Cash Growth	-3.64%	-5.28%	4.93%	334.05%	1250.54%	24.75%
Net Cash Per Share	17.91	18.56	19.44	24.75	5.70	0.42

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	256.96	336.93	753.73	634.59	896.97	108.9
Capital Expenditures	-522.81	-450.35	-408.92	-359.38	-248.71	-60.91
Free Cash Flow	-265.85	-113.42	344.81	275.21	648.26	47.99
Free Cash Flow Growth	-	-	25.29%	-57.55%	1250.84%	304.56%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	30.90%	29.98%	36.79%	38.23%	38.40%	35.55%
Operating Margin	-0.69%	-4.85%	3.46%	23.18%	26.92%	11.97%
Pretax Margin	1.26%	1.09%	5.66%	26.99%	28.36%	8.05%
Profit Margin	2.99%	2.96%	6.63%	23.80%	24.59%	7.55%
FCF Margin	-5.61%	-2.78%	11.22%	6.15%	14.06%	5.76%

Dividends

Fiscal Year	Current	FY 2025	FY 2024
Period Ending	Aug '26 Aug 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Dividend Per Share	0.938	0.938	0.938
Dividend Per Share Growth	0%	0%	-
Dividend Yield	1.70%	1.52%	2.04%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	62.95	81.51	36.71	-	-	-
Forward PE	9.86	19.55	16.64	-	-	-
P/FCF Ratio	-	-	21.67	-	-	-
PS Ratio	1.89	2.42	2.43	-	-	-