002129.SHE TCL Zhonghuan Renewable Energy Technology Co Ltd
- Market cap
- CNY 37.9B
- P/E
- -
- P/B
- 2.23x
- ROE
- -35.7%
- Dividend yield
- 3.69%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002129.SHE undervalued?
Graham numberThe Graham number of TCL Zhonghuan Renewable Energy Technology Co Ltd cannot be estimated reliably (it needs positive earnings and book value).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
TCL Zhonghuan Renewable Energy Technology Co Ltd fundamental analysis
No fundamental analysis for TCL Zhonghuan Renewable Energy Technology Co Ltd yet.
TCL Zhonghuan Renewable Energy Technology Co Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About TCL Zhonghuan Renewable Energy Technology Co Ltd
TCL Zhonghuan Renewable Energy Technology Co.,Ltd. engages in the research, development, production, and sales of silicon materials in China and internationally. The company offers mono wafers and shingled modules. It is also involved in the photovoltaic power station business, including resource development, EPC engineering construction and management, intelligent operation, and maintenances services. The company was formerly known as Tianjin Zhonghuan Semiconductor Co., Lt…
Full company profileTCL Zhonghuan Renewable Energy Technology Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
TCL Zhonghuan Renewable Energy Technology Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 6.78B | 9.64B | 13.8B | 16.9B | 19.1B | 41.1B | 67.0B | 59.1B | 28.4B | 29.0B | 31.4B |
| Gross Profit | 894M | 1.88B | 2.19B | 3.22B | 3.54B | 8.33B | 10.7B | 9.94B | -6.50B | -2.34B | -2.30B |
| Operating Income | 376M | 649M | 491M | 1.44B | 1.63B | 5.01B | 7.33B | 4.57B | -11.1B | -7.36B | -4.80B |
| EBITDA | 1.33B | 2.05B | 3.05B | 4.42B | 4.92B | 8.79B | 12.9B | 12.1B | -2.03B | 1.52B | -6.17B |
| Net Income | 402M | 585M | 632M | 904M | 1.09B | 4.03B | 6.82B | 3.42B | -9.82B | -9.26B | -6.08B |
| EPS | 0.12 | 0.18 | 0.19 | 0.26 | 0.30 | 1.05 | 1.69 | 0.85 | -2.46 | -2.32 | -1.50 |
| Balance Sheet | |||||||||||
| Total Assets | 23.0B | 31.0B | 42.7B | 49.1B | 58.9B | 78.0B | 108B | 125B | 126B | 119B | 123B |
| Total Liabilities | 12.3B | 18.0B | 27.0B | 28.6B | 30.9B | 36.3B | 61.3B | 64.8B | 79.1B | 79.6B | 90.2B |
| Shareholders' Equity | 10.5B | 11.8B | 13.3B | 14.1B | 19.2B | 31.7B | 37.6B | 41.5B | 30.9B | 22.0B | 17.0B |
| Cash & Short-term Investments | 4.77B | 6.00B | 7.07B | 7.73B | 7.89B | 12.0B | 14.7B | 13.9B | 15.3B | 13.1B | 8.09B |
| Total Debt | 7.66B | 9.88B | 11.3B | 15.1B | 13.9B | 15.1B | 36.9B | 41.2B | 49.6B | 62.5B | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 819M | 1.05B | 1.71B | 2.51B | 2.86B | 4.28B | 5.06B | 5.18B | 2.84B | 1.66B | - |
| Capital Expenditure | 2.09B | 3.88B | 5.42B | 4.64B | 3.66B | 6.10B | 11.2B | 12.2B | 6.95B | 5.38B | 5.31B |
| Free Cash Flow | -1.27B | -2.83B | -3.71B | -2.14B | -798M | -1.82B | -6.16B | -6.98B | -4.11B | -3.72B | -4.73B |
| Ratios | |||||||||||
| ROE | 3.8% | 5.0% | 4.7% | 6.4% | 5.7% | 12.7% | 18.1% | 8.2% | -31.8% | -42.2% | -35.7% |
| ROA | 1.7% | 1.9% | 1.5% | 1.8% | 1.8% | 5.2% | 6.3% | 2.7% | -7.8% | -7.8% | -4.9% |
| Net Profit Margin | 5.9% | 6.1% | 4.6% | 5.4% | 5.7% | 9.8% | 10.2% | 5.8% | -34.5% | -31.9% | -19.4% |
| Debt to Equity | 0.73x | 0.84x | 0.85x | 1.07x | 0.73x | 0.48x | 0.98x | 0.99x | 1.60x | 2.85x | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
TCL Zhonghuan Renewable Energy Technology Co Ltd dividends
- Dividend yield
- 3.69%
- Forward dividend
- -
- Payout ratio
- -
- Ex-dividend date
- Jul 9, 2024
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 1.40B | 0.35 | - |
| 2024 | CNY 1.05B | 0.26 | - |
| 2023 | CNY 323M | 0.08 | 9.5% |
| 2022 | CNY 1.30B | 0.32 | 19.1% |
| 2021 | CNY 1.11B | 0.29 | 27.6% |
| 2020 | CNY 1.08B | 0.30 | 99.5% |
| 2019 | CNY 922M | 0.26 | 102.0% |
| 2018 | CNY 773M | 0.23 | 122.2% |
| 2017 | CNY 511M | 0.15 | 87.5% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1.25:1 on Jun 16, 2023.
Who owns TCL Zhonghuan Renewable Energy Technology Co Ltd
- Insiders 31.27%
- Institutions 4.62%
- Public & others 64.11%
- Shares outstanding 4.04B
- Free float 2.77B
TCL Zhonghuan Renewable Energy Technology Co Ltd company profile
- Company name
- TCL Zhonghuan Renewable Energy Technology Co Ltd
- Ticker
- 002129.SHE
- ISIN
- CNE1000000B8
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Apr 20, 2007
- Sector
- Technology
- Industry
- Semiconductors & Semiconductor Equipment
- Employees
- 12,598
- Fiscal year end
- December
- Address
- No. 12 Haitai East Road, Tianjin, China, 300384
- Phone
- 86 22 2378 9766
- Website
- tzeco.com
About TCL Zhonghuan Renewable Energy Technology Co Ltd
TCL Zhonghuan Renewable Energy Technology Co.,Ltd. engages in the research, development, production, and sales of silicon materials in China and internationally. The company offers mono wafers and shingled modules. It is also involved in the photovoltaic power station business, including resource development, EPC engineering construction and management, intelligent operation, and maintenances services. The company was formerly known as Tianjin Zhonghuan Semiconductor Co., Ltd. and changed its name to TCL Zhonghuan Renewable Energy Technology Co.,Ltd. in June 2022. TCL Zhonghuan Renewable Energy Technology Co.,Ltd. was founded in 1958 and is headquartered in Tianjin, China. TCL Zhonghuan Renewable Energy Technology Co.,Ltd. operates as a subsidiary of TCL Technology Group Corporation.
TCL Zhonghuan Renewable Energy Technology Co Ltd management
4- Mr. Hong Ping Ou YangChief Executive Officer · born 1976
- Ms. Fan YangCFO & Head of Accounting · born 1983
- Ms. Changxu ZhangSenior VP & Non-Independent Director · born 1975
- Ms. Lina LiBoard Secretary · born 1982