CompanyGraphWhat stands out
- Earnings significantly exceed cash generation
- Valued far above the size of its business
At a glance
- Depends onMidstream position: 6 outgoing, 5 incoming connections
- ScaleLevered free cash flow is -$364.37M, lower than 95% of all stocks globally
- PositionGross margin is -24.9%, lower than 95% of its Solar peers (median 11.2%)
- Interpretations2 currently firing — 2
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Sign inThe reported statements, read against the company's own industry.
What stands out
- Earnings significantly exceed cash generation
- Valued far above the size of its business
Financials view
Market Capitalization
12.31BCNY1.83B · vs all stocks (USD)
Trailing P/E
18.98xvs Solar peers
Revenue (TTM)
296.12MCNY43.98M · vs all stocks (USD)
Profit Margin
89.71%vs Solar peers
Beta
0.6500xvs all stocks
52-Week Change
70.20%vs all stocks
Market Capitalization
12.31BCNY1.83B · vs all stocks (USD)
Enterprise Value
14.07BCNY2.09B · vs all stocks (USD)
Trailing P/E
18.98xvs Solar peers
Forward P/E
48.75xvs Solar peers
Price to Sales (TTM)
45.33xvs Solar peers
Price to Book (MRQ)
6.90xvs Solar peers
Enterprise to Revenue
47.52xvs Solar peers
Enterprise to EBITDA
-167.79xvs Solar peers
Gross Margin
-24.89%vs Solar peers
Profit Margin
89.71%vs Solar peers
Operating Margin
-78.19%vs Solar peers
Return on Assets (TTM)
-5.64%vs Solar peers
Return on Equity (TTM)
52.16%vs Solar peers
Revenue (TTM)
296.12MCNY43.98M · vs all stocks (USD)
Revenue per Share (TTM)
0.9170CNYUpdated Aug 19, 2026Quarterly Revenue Growth
-6.70%vs Solar peers
Gross Profit (TTM)
-132.27MCNY-19.64M · vs all stocks (USD)
EBITDA (TTM)
755.34MCNY112.18M · vs all stocks (USD)
Net Income (TTM)
265.66MCNY39.46M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
53.41%vs Solar peers
Operating Cash Flow (TTM)
-164.92MCNY-24.49M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-2.45BCNY-364.37M · vs all stocks (USD)
Payout Ratio
0.00%vs Solar peers
Minority Interest (Equity)
-2.75MCNYFY2025 · Dec 31, 2025Revenue
301.03MCNYFY2025 · Dec 31, 2025Cost of Goods Sold
455.25MCNYFY2025 · Dec 31, 2025Gross Profit
-154.22MCNYFY2025 · Dec 31, 2025Operating Income
-285.57MCNY-42.41M · vs all stocks (USD)
Pre-tax Income
216.30MCNYFY2025 · Dec 31, 2025Income Tax Expense
13.18MCNYFY2025 · Dec 31, 2025Net Income
203.12MCNYFY2025 · Dec 31, 2025EBIT
445.98MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
755.34MCNYFY2025 · Dec 31, 2025Research & Development
7.62MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
57.89MCNYFY2025 · Dec 31, 2025Other Operating Expenses
9.74MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
178.24KCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
229.68MCNYFY2025 · Dec 31, 2025EPS (Basic)
0.8400CNYFY2025 · Dec 31, 2025EPS (Diluted)
0.8400CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
241.75MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
241.75MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
203.12MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
-55.46KCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
399.93MCNYFY2025 · Dec 31, 2025Free Cash Flow
146.82MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
45.34MCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
203.12MCNYFY2025 · Dec 31, 2025Other Non-cash Items
231.36MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-62.48MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
27.93MCNYFY2025 · Dec 31, 2025Capital Expenditures
-253.11MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-253.11MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
408.45MCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-1.58BCNYFY2025 · Dec 31, 2025Common Dividends Paid
-143.73MCNYFY2025 · Dec 31, 2025Other Financing Charges
1.80BCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
490.79MCNYFY2025 · Dec 31, 2025Shares Outstanding
540.00MSharesUpdated Aug 19, 2026Float Shares
429.80MSharesUpdated Aug 19, 2026% Held by Insiders
51.19%vs all stocks
% Held by Institutions
0.00%vs all stocks
Total Cash (MRQ)
48.28MCNY7.17M · vs all stocks (USD)
Total Cash per Share (MRQ)
0.0890CNYUpdated Aug 19, 2026Total Debt (MRQ)
405.02MCNY60.15M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.2085xvs Solar peers
Current Ratio (MRQ)
0.3630xvs Solar peers
Book Value per Share (MRQ)
3.60CNYUpdated Aug 19, 2026Total Assets
2.77BCNY411.27M · vs all stocks (USD)
Total Current Assets
329.99MCNYFY2025 · Dec 31, 2025Total Liabilities
765.73MCNYFY2025 · Dec 31, 2025Total Non-current Assets
2.44BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
170.85MCNYFY2025 · Dec 31, 2025Total Current Liabilities
594.89MCNYFY2025 · Dec 31, 2025Cash
53.06MCNYFY2025 · Dec 31, 2025Cash Equivalents
3.33MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
56.39MCNYFY2025 · Dec 31, 2025Accounts Receivable
36.47MCNYFY2025 · Dec 31, 2025Inventory
29.41MCNYFY2025 · Dec 31, 2025Accounts Payable
212.01MCNYFY2025 · Dec 31, 2025Other Current Liabilities
5.24MCNYFY2025 · Dec 31, 2025Other Non-current Liabilities
81.75MCNYFY2025 · Dec 31, 2025Common Stock (Book)
540.00MCNYFY2025 · Dec 31, 2025Retained Earnings
-1.58BCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
2.00BCNY297.54M · vs all stocks (USD)
Treasury Stock
181.20MCNYFY2025 · Dec 31, 202552-Week Low
11.56CNYUpdated Aug 19, 202652-Week High
27.60CNYUpdated Aug 19, 202652-Week Change
70.20%vs all stocks
Beta
0.6500xvs all stocks
50-Day MA
22.60CNYUpdated Aug 19, 2026200-Day MA
19.24CNYUpdated Aug 19, 2026Avg 10-Day Volume
10.16MSharesUpdated Aug 19, 2026Avg 30-Day Volume
9.98MSharesUpdated Aug 19, 2026Diluted EPS (TTM)
1.31CNYUpdated Aug 19, 20262 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Diagnostic
High ROE With Large Non-Operating Gap and Elevated-Margin-With-Deceleration
Return on equity reads high, with a large gap between pretax and operating income.
Reads
Cash-Flow Ratios Elevated
More of its sales turn into cash than in its industry, and less of that cash is consumed by reinvestment than at most of its peers.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Gross margin is -24.9%, lower than 95% of its Solar peers (median 11.2%)Significant
Gross margin: -0.25Industry median: 0.11Industry P5: -0.02Peers compared: 26.00
Operating margin is -78.2%, lower than 95% of its Solar peers (median -2.7%)Significant
Operating margin: -0.78Industry median: -0.03Industry P5: -0.18Peers compared: 26.00
Profit margin is 89.7%, higher than 95% of its Solar peers (median -3.3%)Significant
Profit margin: 0.90Industry median: -0.03Industry P95: 0.19Peers compared: 26.00
Return on equity is 52.2%, higher than 95% of its Solar peers (median -4.3%)Significant
Return on equity: 0.52Industry median: -0.04Industry P95: 0.25Peers compared: 26.00
Current ratio is 0.36×, lower than 95% of its Solar peers (median 1.3×)Significant
Current ratio: 0.36Industry median: 1.30Industry P5: 0.54Peers compared: 26.00
Structural Tensions
Earnings significantly exceed cash generationSignificant
Net Income (USD, TTM): 39,455,523.784Operating Cash Flow (USD, TTM): -24,494,495.846
Valued far above the size of its businessSignificant
Price-to-Sales: 45.33Revenue Growth YoY: -0.07
Financial Health
Altman Z-Score 9.37: safe zoneNotable
Altman Z-Score: 9.37
Supply Chain
Midstream position: 6 outgoing, 5 incoming connectionsNotable
Outgoing: 6.00Incoming: 5.00
High connectivity hub: 11 industry connectionsNotable
Total Connections: 11.00
Scale
Levered free cash flow is -$364.37M, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -364,368,483.676Global P5: -219,013,500
Market cap is $1.83B, above the global median of $1.15BNotable
Market cap (USD): 1,827,776,232Global Median: 1,146,734,693.424
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