The reported statements, read against the company's own industry.
Financials view
Market Capitalization
3.59BCNY
534.18M · vs all stocks (USD)
Updated Aug 21, 2026
Revenue (TTM)
10.53BCNY
1.57B · vs all stocks (USD)
Updated Aug 21, 2026
Profit Margin
-2.12%
vs Solar peers
Updated Aug 21, 2026
Beta
0.8210x
vs all stocks
Updated Aug 21, 2026
52-Week Change
-35.30%
vs all stocks
Updated Aug 21, 2026
Market Capitalization
3.59BCNY
534.18M · vs all stocks (USD)
Updated Aug 21, 2026
Enterprise Value
9.88BCNY
1.47B · vs all stocks (USD)
Updated Aug 21, 2026
Forward P/E
8.75x
vs Solar peers
Updated Aug 21, 2026
Price to Sales (TTM)
0.3413x
vs Solar peers
Updated Aug 21, 2026
Price to Book (MRQ)
1.07x
vs Solar peers
Updated Aug 21, 2026
Enterprise to Revenue
0.9380x
vs Solar peers
Updated Aug 21, 2026
Enterprise to EBITDA
59.74x
vs Solar peers
Provider-reported. Enterprise Value ÷ EBITDA (TTM) on this page gives 64×.Updated Aug 21, 2026
Gross Margin
4.72%
vs Solar peers
Provider-reported. Gross Profit (TTM) ÷ Revenue (TTM) on this page gives 1.65%.Updated Aug 21, 2026
Profit Margin
-2.12%
vs Solar peers
Updated Aug 21, 2026
Operating Margin
3.08%
vs Solar peers
Updated Aug 21, 2026
Return on Assets (TTM)
-0.59%
vs Solar peers
Updated Aug 21, 2026
Return on Equity (TTM)
-6.28%
vs Solar peers
Updated Aug 21, 2026
Revenue (TTM)
10.53BCNY
1.57B · vs all stocks (USD)
Updated Aug 21, 2026
Revenue per Share (TTM)
44.30CNYUpdated Aug 21, 2026
Quarterly Revenue Growth
-7.50%
vs Solar peers
Updated Aug 21, 2026
Gross Profit (TTM)
173.18MCNY
25.75M · vs all stocks (USD)
Updated Aug 21, 2026
EBITDA (TTM)
154.33MCNY
22.95M · vs all stocks (USD)
Updated Aug 21, 2026
Net Income (TTM)
-223.47MCNY
-33.23M · vs all stocks (USD)
Updated Aug 21, 2026
Quarterly Earnings Growth (YoY)
-9.30%
vs Solar peers
Updated Aug 21, 2026
Operating Cash Flow (TTM)
-2.31BCNY
-342.84M · vs all stocks (USD)
Updated Aug 21, 2026
Levered Free Cash Flow (TTM)
-129.99MCNY
-19.33M · vs all stocks (USD)
Updated Aug 21, 2026
Payout Ratio
141.13%
vs Solar peers
Updated Aug 21, 2026
Revenue
10.72BCNYFY2025 · Dec 31, 2025
Cost of Goods Sold
10.50BCNYFY2025 · Dec 31, 2025
Gross Profit
214.55MCNYFY2025 · Dec 31, 2025
Operating Income
-50.20MCNY
-7.47M · vs all stocks (USD)
FY2025 · Dec 31, 2025
Pre-tax Income
-373.71MCNYFY2025 · Dec 31, 2025
Income Tax Expense
-152.73MCNYFY2025 · Dec 31, 2025
Net Income
-220.98MCNYFY2025 · Dec 31, 2025
EBIT
-189.94MCNYFY2025 · Dec 31, 2025
EBITDA (Income Statement)
154.33MCNYFY2025 · Dec 31, 2025
Research & Development
99.84MCNYFY2025 · Dec 31, 2025
Selling, General & Administrative
53.97MCNYFY2025 · Dec 31, 2025
Other Operating Expenses
37.72MCNYFY2025 · Dec 31, 2025
Non-operating Interest Income
21.22MCNYFY2025 · Dec 31, 2025
Non-operating Interest Expense
183.77MCNYFY2025 · Dec 31, 2025
EPS (Basic)
-0.9300CNYFY2025 · Dec 31, 2025
EPS (Diluted)
-0.9300CNYFY2025 · Dec 31, 2025
Basic Shares Outstanding
237.61MSharesFY2025 · Dec 31, 2025
Diluted Shares Outstanding
237.61MSharesFY2025 · Dec 31, 2025
Net Income from Continuing Operations
-220.98MCNYFY2025 · Dec 31, 2025
Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025
Operating Cash Flow
-3.06BCNYFY2025 · Dec 31, 2025
Free Cash Flow
-3.39BCNYFY2025 · Dec 31, 2025
Cash & Cash Equivalents (End of Period)
951.91MCNYFY2025 · Dec 31, 2025
Starting Profit (CF Statement)
-220.98MCNYFY2025 · Dec 31, 2025
Other Non-cash Items
196.34MCNYFY2025 · Dec 31, 2025
Change in Accounts Receivable (CF)
-3.25BCNYFY2025 · Dec 31, 2025
Change in Other Assets/Liabilities
217.36MCNYFY2025 · Dec 31, 2025
Capital Expenditures
-331.30MCNYFY2025 · Dec 31, 2025
Net Acquisitions
6.63MCNYFY2025 · Dec 31, 2025
Sale of Investments
25.00MCNYFY2025 · Dec 31, 2025
Other Investing Activity
-20.61MCNYFY2025 · Dec 31, 2025
Net Investing Cash Flow
-320.27MCNYFY2025 · Dec 31, 2025
Long-term Debt Issuance
4.32BCNYFY2025 · Dec 31, 2025
Long-term Debt Payments
-3.99BCNYFY2025 · Dec 31, 2025
Common Dividends Paid
-272.47MCNYFY2025 · Dec 31, 2025
Other Financing Charges
3.46BCNYFY2025 · Dec 31, 2025
Net Financing Cash Flow
3.51BCNYFY2025 · Dec 31, 2025
Shares Outstanding
237.26MSharesUpdated Aug 21, 2026
Float Shares
101.60MSharesUpdated Aug 21, 2026
% Held by Insiders
50.80%
vs all stocks
Updated Aug 21, 2026
% Held by Institutions
11.24%
vs all stocks
Updated Aug 21, 2026
Total Cash (MRQ)
1.14BCNY
168.86M · vs all stocks (USD)
Updated Aug 21, 2026
Total Cash per Share (MRQ)
4.79CNYUpdated Aug 21, 2026
Total Debt (MRQ)
7.51BCNY
1.12B · vs all stocks (USD)
Updated Aug 21, 2026
Total Debt to Equity (MRQ)
2.25x
vs Solar peers
Updated Aug 21, 2026
Current Ratio (MRQ)
0.9190x
vs Solar peers
Updated Aug 21, 2026
Book Value per Share (MRQ)
14.10CNYUpdated Aug 21, 2026
Total Assets
12.44BCNY
1.85B · vs all stocks (USD)
FY2025 · Dec 31, 2025
Total Current Assets
8.27BCNYFY2025 · Dec 31, 2025
Total Liabilities
9.10BCNYFY2025 · Dec 31, 2025
Total Non-current Assets
4.17BCNYFY2025 · Dec 31, 2025
Total Non-current Liabilities
252.81MCNYFY2025 · Dec 31, 2025
Total Current Liabilities
8.84BCNYFY2025 · Dec 31, 2025
Cash
876.47MCNYFY2025 · Dec 31, 2025
Cash Equivalents
543.29MCNYFY2025 · Dec 31, 2025
Cash & Cash Equivalents
1.42BCNYFY2025 · Dec 31, 2025
Other Short-term Investments
36.50MCNYFY2025 · Dec 31, 2025
Accounts Receivable
2.83BCNYFY2025 · Dec 31, 2025
Inventory
783.88MCNYFY2025 · Dec 31, 2025
Accounts Payable
167.04MCNYFY2025 · Dec 31, 2025
Short-term Debt
8.17BCNYFY2025 · Dec 31, 2025
Other Current Liabilities
101.96MCNYFY2025 · Dec 31, 2025
Long-term Debt
5.32MCNYFY2025 · Dec 31, 2025
Common Stock (Book)
237.26MCNYFY2025 · Dec 31, 2025
Retained Earnings
507.82MCNYFY2025 · Dec 31, 2025
Total Shareholders' Equity
3.34BCNY
496.97M · vs all stocks (USD)
FY2025 · Dec 31, 2025
52-Week Low
13.09CNYUpdated Aug 21, 2026
52-Week High
32.22CNYUpdated Aug 21, 2026
52-Week Change
-35.30%
vs all stocks
Updated Aug 21, 2026
Beta
0.8210x
vs all stocks
Updated Aug 21, 2026
50-Day MA
15.13CNYUpdated Aug 21, 2026
200-Day MA
21.05CNYUpdated Aug 21, 2026
Avg 10-Day Volume
3.37MSharesUpdated Aug 21, 2026
Avg 30-Day Volume
3.89MSharesUpdated Aug 21, 2026
Diluted EPS (TTM)
-0.9400CNYUpdated Aug 21, 2026
2 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.
What customers owe has grown three years running, while it clears stock quickly and pays suppliers quickly.
Reads
Revenue Growing With Receivables Growing
Revenue has risen three years, and what customers owe has risen with it.
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
Price-to-book is 1.07×, lower than 95% of its Solar peers (median 2.37×)Notable