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

• Market Cap: HK$2.81B
• Dividend Yield: N/A
• Average Volume (3M): 280.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.72
• Revenue Growth: -15.93%
• EPS Growth: 17.76%
• Country: HK
• Employees: 966
• Sector: Consumer Cyclical
• Sector Strength: 68
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): -0.07
• Shares Outstanding: 1,813,269,700
• 10 Day Avg. Volume: 113,200
• 30 Day Avg. Volume: 280,533
• PEG Ratio: -0.35
• Price to Book (P/B): 6.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -93.49
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: HK$1.50 ▼(-3.23%Downside)

The overall stock score is primarily impacted by the company's weak financial performance, characterized by declining revenues, persistent losses, and poor cash flow generation. Technical analysis indicates a lack of strong momentum, while valuation metrics suggest overvaluation due to negative earnings. The absence of positive corporate events or earnings call insights further weighs on the score.

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

Company Description

Golden Solar New Energy Technology Holdings Limited (1121) is a company engaged in the production and sale of solar energy products. The company operates within the renewable energy sector, focusing on the development, manufacturing, and distribution of photovoltaic cells and modules. Golden Solar is dedicated to advancing solar energy technology and providing sustainable energy solutions to address the growing demand for clean power sources.

How the Company Makes Money

Golden Solar New Energy Technology Holdings Limited generates revenue through the sale of its photovoltaic products, primarily solar cells and modules. The company manufactures these products and markets them to a variety of customers, including solar project developers, installers, and other energy companies. Revenue streams are bolstered by its focus on innovation and efficiency in solar technology, making its products attractive in terms of performance and cost-effectiveness. The company may also engage in strategic partnerships or collaborations to expand its market reach and enhance its technological capabilities, although specifics on such partnerships are not detailed here.

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. 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	253.51M	295.35M	274.28M	313.51M	111.87M
Gross Profit	32.93M	42.91M	35.52M	88.52M	18.00M
EBITDA	-263.43M	-294.44M	-205.90M	-2.66M	-46.62M
Net Income	-277.41M	-326.38M	-167.04M	9.22M	-108.76M
Balance Sheet
Total Assets	696.18M	864.00M	915.34M	576.69M	195.64M
Cash, Cash Equivalents and Short-Term Investments	31.86M	143.36M	354.72M	135.79M	625.00K
Total Debt	151.84M	168.90M	92.83M	104.91M	130.48M
Total Liabilities	313.80M	323.00M	270.54M	291.85M	240.53M
Stockholders Equity	382.39M	540.99M	644.80M	284.84M	-44.89M
Cash Flow
Free Cash Flow	-80.83M	-255.36M	-135.56M	-169.29M	-13.04M
Operating Cash Flow	-50.58M	-161.89M	-78.70M	-63.05M	-2.59M
Investing Cash Flow	-27.82M	-94.44M	-60.81M	-113.78M	-10.31M
Financing Cash Flow	-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: 1.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1.55 is above the 20-day moving average (MA) of 1.51, above the 50-day MA of 1.54, and below the 200-day MA of 1.98, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.15 is Neutral, neither overbought nor oversold. The STOCH value of 71.16 is Neutral, 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
1193	59 Neutral	HK$45.36B	11.10	9.94%	4.69%	1.39%	-21.74%
Sector *	57 Neutral	HK$25.55B	4.08	-2.03%	5.79%	-0.31%	-67.64%
1196	54 Neutral	HK$14.05B	―	-26.60%	―	-46.56%	-1256.77%
3800	48 Neutral	$34.46B	―	-11.91%	―	-56.32%	-272.70%
1121	41 Neutral	HK$2.81B	―	-59.99%	―	-15.93%	17.76%
1799	41 Neutral	HK$9.58B	―	-11.29%	―	-32.63%	-185.82%

Golden Solar New Energy Technology Holdings Limited Corporate Events

Golden Solar’s AGM Resolutions Unanimously Passed, Paving Way for Growth

Golden Solar New Energy Technology Holdings Limited announced that all resolutions proposed at its Annual General Meeting (AGM) on June 20, 2025, were successfully passed by shareholders. The resolutions included the adoption of financial statements, reappointment of auditors, re-election of directors, and granting of a mandate to the board for share issuance. This outcome reflects strong shareholder support and positions the company for continued strategic growth and operational stability.

Golden Solar Announces Joint Venture for Advanced Solar Cell Production

Golden Solar New Energy Technology Holdings Limited has announced a joint venture agreement with Yiwu JA Solar Technology Company Limited and Gold Stone (Fujian) Energy Company Limited to establish a new company in China for the production of 4GW HBC solar cells. This initiative will leverage Golden Solar’s patented technology, aiming to upgrade existing facilities to HBC technology, which offers the highest conversion efficiency among mass-producible solar cell technologies. The project is expected to position the upgraded Yiwu factory as a global leader in HBC production, potentially enhancing the company’s market position and offering significant benefits to stakeholders.