Golden Solar New Energy Technology Holdings Limited (1121) AI Stock Analysis

• Market Cap: HK$2.48B
• Dividend Yield: N/A
• Average Volume (3M): 1.00M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.63
• Revenue Growth: -29.29%
• EPS Growth: 22.43%
• Country: HK
• Employees: 966
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): -0.09
• Shares Outstanding: 1,924,269,700
• 10 Day Avg. Volume: 770,600
• 30 Day Avg. Volume: 1,000,466
• PEG Ratio: 0.83
• Price to Book (P/B): 10.02
• Price to Sales (P/S): 15.12
• P/FCF Ratio: -47.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 40 Neutral
• Price Target: HK$1.50 ▲(16.28% Upside)

The overall stock score is primarily driven by the company's poor financial performance, characterized by declining revenues and persistent losses. Technical analysis indicates a bearish trend with weak momentum, while valuation metrics are unattractive due to negative earnings and lack of dividends. These factors collectively suggest significant risks and challenges for the company.

Golden Solar New Energy Technology Holdings Limited Business Overview & Revenue Model

Company Description

Golden Solar New Energy Technology Holdings Limited, an investment holding company, manufactures, sells, and trades in footwear products in the People's Republic of China, the United States, South America, Europe, South East Asia, and internationally. The company operates through Boree Branded Products, Graphene-based Products, Photovoltaic Products, and Original Equipment Manufacturer segments. It offers slippers, sandals, and casual footwear under the Boree brand name. The company also manufactures and sells graphene-based ethylene-vinyl acetate foam material and slippers, deodorizing and sterilizing chips for air purifiers and air conditioners, and air sterilizers. In addition, it produces slippers for branding and resale by others; and trades in slippers. Further, the company manufactures and sells cast monocrystalline silicon wafers and cast-mono heterojunction solar cells and modules; and engages in the provision of technology licensing services. Golden Solar New Energy Technology Holdings Limited was formerly known as Baofeng Modern International Holdings Company Limited and changed its name to Golden Solar New Energy Technology Holdings Limited in June 2021. The company was founded in 1999 and is headquartered in Quanzhou, the People's Republic of China.

How the Company Makes Money

Golden Solar New Energy Technology Holdings Limited generates revenue through multiple streams, primarily from the sale of solar energy products, including photovoltaic panels, inverters, and energy storage systems. The company also earns income from providing installation and maintenance services for its products, ensuring long-term customer support and satisfaction. Additionally, Golden Solar may engage in strategic partnerships with other companies for joint ventures in solar projects, which can lead to shared revenue opportunities. The growth of renewable energy initiatives and government incentives for solar energy adoption further bolster the company's earnings potential.

Golden Solar New Energy Technology Holdings Limited Financial Statement Overview

Summary

Golden Solar New Energy Technology Holdings Limited faces significant financial challenges, characterized by declining revenues, persistent losses, increased leverage, and weak cash flow generation. While the equity ratio offers a glimmer of stability, the overall financial health is concerning, with potential risks from high debt levels and poor profitability metrics.

Income Statement

The company has experienced a consistent decline in revenue from 2021 to 2024, with significant negative net income in recent years indicating ongoing losses. Margins remain negative, reflecting ongoing operational challenges and inability to convert revenue into profit. The revenue growth rate has been negative, suggesting difficulties in maintaining sales momentum.

Balance Sheet

The company's debt-to-equity ratio has increased over time, indicating higher leverage, which could pose financial risks. Despite this, the equity ratio remains relatively healthy, suggesting some level of balance in asset financing. However, declining stockholders' equity and increasing liabilities highlight potential financial instability.

Cash Flow

The cash flow statement reveals significant negative operating cash flows and negative free cash flows, underscoring cash generation issues. With no free cash flow growth and high reliance on financing activities, the company's liquidity position appears weak, raising concerns about its ability to sustain operations without external funding.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	189.12M	253.51M	295.35M	274.28M	313.51M	111.87M
Gross Profit	13.73M	25.87M	42.91M	35.52M	88.52M	18.00M
EBITDA	-262.23M	-263.43M	-294.44M	-205.90M	-2.66M	-46.62M
Net Income	-278.56M	-277.41M	-326.38M	-167.04M	9.22M	-108.76M
Balance Sheet
Total Assets	659.48M	696.18M	864.00M	915.34M	576.69M	195.64M
Cash, Cash Equivalents and Short-Term Investments	23.68M	31.86M	143.36M	354.72M	135.79M	625.00K
Total Debt	215.19M	151.84M	168.90M	92.83M	104.91M	130.48M
Total Liabilities	363.49M	313.80M	323.00M	270.54M	291.85M	240.53M
Stockholders Equity	295.99M	382.39M	540.99M	644.80M	284.84M	-44.89M
Cash Flow
Free Cash Flow	-54.00M	-80.83M	-255.36M	-135.56M	-169.29M	-13.04M
Operating Cash Flow	-24.56M	-50.58M	-161.89M	-78.70M	-63.05M	-2.59M
Investing Cash Flow	-7.31M	-27.82M	-94.44M	-60.81M	-113.78M	-10.31M
Financing Cash Flow	-17.18M	-32.38M	44.25M	358.44M	312.00M	9.43M

Golden Solar New Energy Technology Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1121, the sentiment is Negative. The current price of 1.29 is below the 20-day moving average (MA) of 1.41, below the 50-day MA of 1.53, and below the 200-day MA of 1.70, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 37.45 is Neutral, neither overbought nor oversold. The STOCH value of 11.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1121.

Golden Solar New Energy Technology Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2399	―	HK$1.40B	-3.44	-75.78%	―	-50.16%	-252.77%
1121	―	HK$2.48B	-7.79	-73.30%	―	-29.29%	22.43%

Golden Solar New Energy Technology Holdings Limited Corporate Events

Golden Solar Reports Significant Loss in Interim Results

Golden Solar New Energy Technology Holdings Limited reported its unaudited interim results for the six months ended June 30, 2025, showing a significant decline in revenue and a net loss of RMB 159,336,000. The company’s financial performance reflects challenges in cost management and market conditions, impacting its profitability and stakeholder interests.

The most recent analyst rating on (HK:1121) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Golden Solar New Energy Technology Holdings Limited stock, see the HK:1121 Stock Forecast page.

Golden Solar Schedules Board Meeting for Interim Results Review

Golden Solar New Energy Technology Holdings Limited has announced a board meeting scheduled for August 29, 2025, to review and approve the interim results for the first half of the year ending June 30, 2025. The meeting will also discuss the potential declaration and payment of an interim dividend, which could impact shareholder returns and reflect the company’s financial health.