QC Solar Corporation (SHE:301278)
China flag China · Delayed Price · Currency is CNY
25.03
+0.59 (2.41%)
At close: Nov 2, 2026

QC Solar Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Jan '23 Jan '22
Revenue
912.561,084903.391,2851,100735.87
Revenue Growth
-4.78%20.02%-29.70%16.86%49.43%46.20%
Gross Profit
132.1298.54159.81294.52200.65135.13
Operating Income
33.281383.38190.76127.3972.05
Net Income
23.9220.4499.01193.61118.4364.85
Earnings Per Share
0.270.231.192.332.221.04
EPS Growth
-19.52%-80.67%-48.93%4.96%113.77%1.50%

Revenue by Segment

Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Jan '23 Jan '22
Photovoltaic Junction Box
931.77673.421,044916.32580
Photovoltaic Connector
108.03196.99216.07164.51143.34
Software and Others
44.4732.9825.0718.812.52
Total
1,084903.391,2851,100735.87

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Jan '23 Jan '22
Cash & Investments
489.79550.98242.85587.89642.5481.42
Total Debt
129.46129.68-5.327.3312.71
Net Cash (Debt)
360.32421.29242.85582.56635.2168.71
Net Cash Growth
-8.31%73.48%-58.31%-8.29%824.48%59.52%
Net Cash Per Share
4.094.742.927.0111.911.10

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Jan '23 Jan '22
Operating Cash Flow
-39.37-61.62146.01219.2874.4519.61
Capital Expenditures
-40.88-65.95-158.93-69.43-26.58-24.39
Free Cash Flow
-80.25-127.57-12.92149.8547.86-4.77
Free Cash Flow Growth
---213.09%--

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Jan '23 Jan '22
Gross Margin
14.48%9.09%17.69%22.92%18.25%18.36%
Operating Margin
3.65%1.20%9.23%14.85%11.58%9.79%
Pretax Margin
3.43%2.47%12.26%16.92%12.33%9.72%
Profit Margin
2.62%1.88%10.96%15.07%10.77%8.81%
FCF Margin
-8.79%-11.77%-1.43%11.66%4.35%-0.65%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Jan '23
Dividend Per Share
0.0400.0400.5110.3000.154
Dividend Per Share Growth
-92.17%-92.17%70.23%95.06%-
Dividend Yield
0.16%0.12%1.46%0.51%0.18%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Jan '23 Jan '22
PE Ratio
92.19146.6929.4325.0759.53-
Forward PE
-10.0410.0419.38--
P/FCF Ratio
---32.39147.29-
PS Ratio
2.462.773.233.786.41-