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

• Market Cap: HK$2.77B
• Dividend Yield: N/A
• Average Volume (3M): 210.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.70
• Revenue Growth: -15.93%
• EPS Growth: 17.76%
• Country: HK
• Employees: 966
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): -0.07
• Shares Outstanding: 1,813,269,700
• 10 Day Avg. Volume: 116,200
• 30 Day Avg. Volume: 210,666
• PEG Ratio: 0.04
• Price to Book (P/B): 19.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -92.13
• 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: 35 Underperform
• Price Target: ―

The overall stock score of 35 reflects significant financial challenges facing Golden Solar New Energy Technology Holdings Limited, including declining revenues, persistent losses, and weak cash flows. The technical analysis underscores a bearish trend with oversold conditions. Valuation metrics offer little support, contributing to a low score. The absence of positive earnings call data or impactful corporate events further solidifies the stock's bleak outlook.

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

Company Description

Golden Solar New Energy Technology Holdings Limited (1121) is a company involved in the renewable energy sector, focusing on the development and production of solar energy products. The company is committed to advancing solar technology and providing innovative solutions to meet the growing demand for clean energy. It offers a range of products designed to harness solar power efficiently, contributing to sustainable energy initiatives globally.

How the Company Makes Money

Golden Solar New Energy Technology Holdings Limited generates revenue primarily through the sale of its solar energy products, which include solar panels and related components. The company may also engage in project development, where it installs and maintains solar energy systems for commercial and residential customers. Revenue streams are bolstered by partnerships with other energy companies and technology firms, as well as potential government contracts or subsidies aimed at promoting renewable energy adoption. These factors, combined with the increasing demand for clean energy solutions, contribute to the company's earnings.

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
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
	EBIT
-281.03M	-320.07M	-216.29M	-11.33M	-62.47M
	EBITDA
-263.43M	-294.44M	-205.90M	-2.66M	-46.62M
	Net Income Common Stockholders
-277.41M	-326.38M	-167.04M	9.22M	-108.76M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
31.86M	143.36M	354.72M	135.79M	625.00K
	Total Assets
696.18M	864.00M	915.34M	576.69M	195.64M
	Total Debt
151.84M	168.90M	92.83M	104.91M	130.48M
	Net Debt
119.98M	26.26M	-261.90M	-30.88M	129.86M
	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
0.00	-255.36M	-135.56M	-169.29M	-13.04M
	Operating Cash Flow
0.00	-161.89M	-78.70M	-63.05M	-2.59M
	Investing Cash Flow
0.00	-94.44M	-60.81M	-113.78M	-10.31M
	Financing Cash Flow
0.00	44.25M	358.44M	312.00M	9.43M

Golden Solar New Energy Technology Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.53
• 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 1.53 is below the 20-day moving average (MA) of 1.55, below the 50-day MA of 1.68, and below the 200-day MA of 2.11, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 42.62 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 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
Sector *	62 Neutral	$6.82B	11.05	2.80%	4.32%	2.67%	-24.92%
1193	59 Neutral	HK$49.33B	12.15	9.94%	6.44%	1.39%	-21.74%
3800	51 Neutral	$24.78B	―	-11.91%	―	-56.32%	-272.70%
1196	45 Neutral	HK$10.20B	―	-26.60%	―	-46.56%	-1256.77%
1799	41 Neutral	HK$6.91B	―	-11.29%	―	-32.63%	-185.82%
1121	35 Underperform	HK$2.77B	―	-59.99%	―	-15.93%	17.76%

Golden Solar New Energy Technology Holdings Limited Corporate Events

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.

Golden Solar Reports 2024 Financial Results with Reduced Losses

Golden Solar New Energy Technology Holdings Limited reported its audited consolidated results for the year ended 31 December 2024, showing a decrease in revenue from RMB 295,348,000 in 2023 to RMB 253,514,000 in 2024. The company experienced a net loss of RMB 277,407,000, which is a slight improvement from the previous year’s loss of RMB 326,380,000. The results indicate ongoing challenges in managing costs and improving profitability, which may impact its market position and stakeholder confidence.

Golden Solar Issues Profit Warning Amid Strategic Shift to Photovoltaics

Golden Solar New Energy Technology Holdings Limited has issued a profit warning for the year ended December 31, 2024, reporting a 14% decrease in sales and a drop in gross profit margin. Despite challenges in the OEM footwear sector, the company is expanding its photovoltaic business with innovative technologies, aiming to establish a high-margin, asset-light model. The expected net loss for the period is reduced due to lower equity-settled share-based payments, but stakeholders are advised to exercise caution as the results are preliminary and unaudited.

Golden Solar Announces Upcoming Board Meeting for Annual Results

Golden Solar New Energy Technology Holdings Limited has announced a board meeting scheduled for March 31, 2025. The meeting will address the approval of the company’s annual results for the year ending December 31, 2024, the potential declaration and payment of a final dividend, and other business matters.