002218.SHE Shenzhen Topraysolar Co Ltd
- Market cap
- CNY 4.59B
- P/E
- -
- P/B
- 1.19x
- ROE
- -3.4%
- Dividend yield
- 1.25%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002218.SHE undervalued?
Graham numberThe Graham number of Shenzhen Topraysolar 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?
Shenzhen Topraysolar Co Ltd fundamental analysis
No fundamental analysis for Shenzhen Topraysolar Co Ltd yet.
Shenzhen Topraysolar Co Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Shenzhen Topraysolar Co Ltd
SHENZHEN TOPRAYSOLAR Co.,Ltd. engages in research, development, production, and sale of solar cell chips and components in China. The company operates through four segments: Silicon Wafer Division; Modules and Other Photovoltaic Products Business Unit; Photovoltaic Power Plant Business Unit; and Others. It offers solar power supplies, application products, photovoltaic glass and brackets, and collector plates, as well as water heater systems; and designs, installs, and sells…
Full company profileShenzhen Topraysolar 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.
Shenzhen Topraysolar 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 | 1.14B | 1.51B | 1.12B | 1.05B | 1.36B | 1.42B | 1.32B | 1.13B | 1.32B | 1.03B | 956M |
| Gross Profit | 299M | 380M | 307M | 304M | 384M | 491M | 345M | 274M | 316M | 86.0M | 139M |
| Operating Income | 107M | 172M | 85.1M | 80.1M | 153M | 204M | 133M | 50.6M | 53.8M | -121M | -42.7M |
| EBITDA | 393M | 447M | 424M | 469M | 641M | 626M | 533M | 416M | 424M | 158M | -66.1M |
| Net Income | 129M | 163M | 88.9M | 77.9M | 166M | 195M | 96.2M | 23.1M | 10.8M | -199M | -133M |
| EPS | 0.10 | 0.13 | 0.07 | 0.06 | 0.13 | 0.14 | 0.07 | 0.02 | 0.01 | -0.14 | -0.09 |
| Balance Sheet | |||||||||||
| Total Assets | 4.80B | 5.75B | 6.33B | 6.27B | 6.52B | 7.04B | 7.14B | 6.66B | 6.81B | 6.50B | 6.24B |
| Total Liabilities | 2.10B | 2.92B | 3.45B | 3.31B | 3.42B | 2.80B | 2.91B | 2.46B | 2.62B | 2.53B | 2.37B |
| Shareholders' Equity | 2.70B | 2.83B | 2.88B | 2.96B | 3.09B | 4.23B | 4.24B | 4.20B | 4.19B | 3.97B | 3.87B |
| Cash & Short-term Investments | 278M | 515M | 544M | 584M | 511M | 1.13B | 1.47B | 703M | 782M | 676M | 542M |
| Total Debt | 1.13B | 1.74B | 2.31B | 2.09B | 1.56B | 1.32B | 1.52B | 1.73B | 1.80B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 32.8M | 45.5M | 67.9M | 327M | 394M | 159M | 480M | 83.7M | 165M | 283M | - |
| Capital Expenditure | 287M | 258M | 383M | 176M | 197M | 205M | 168M | 256M | 281M | 27.3M | 327M |
| Free Cash Flow | -254M | -213M | -315M | 151M | 197M | -45.1M | 312M | -172M | -117M | 255M | 61.6M |
| Ratios | |||||||||||
| ROE | 4.8% | 5.8% | 3.1% | 2.6% | 5.4% | 4.6% | 2.3% | 0.6% | 0.3% | -5.0% | -3.4% |
| ROA | 2.7% | 2.8% | 1.4% | 1.2% | 2.5% | 2.8% | 1.3% | 0.3% | 0.2% | -3.1% | -2.1% |
| Net Profit Margin | 11.3% | 10.8% | 7.9% | 7.4% | 12.2% | 13.7% | 7.3% | 2.1% | 0.8% | -19.4% | -13.9% |
| Debt to Equity | 0.42x | 0.61x | 0.80x | 0.71x | 0.50x | 0.31x | 0.36x | 0.41x | 0.43x | - | - |
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.
Shenzhen Topraysolar Co Ltd dividends
- Dividend yield
- 1.25%
- Forward dividend
- -
- Payout ratio
- -
- Ex-dividend date
- Jul 9, 2025
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 57.4M | 0.04 | - |
| 2024 | CNY 96.7M | 0.07 | 896.0% |
| 2023 | CNY 42.2M | 0.03 | 182.8% |
| 2022 | CNY 49.4M | 0.03 | 51.3% |
| 2021 | CNY 49.5M | 0.03 | 25.3% |
| 2020 | CNY 30.9M | 0.02 | 18.6% |
| 2019 | CNY 144M | 0.12 | 185.3% |
| 2018 | CNY 170M | 0.13 | 191.1% |
| 2017 | CNY 93.7M | 0.07 | 57.5% |
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: 20:10 on Jul 6, 2017.
Who owns Shenzhen Topraysolar Co Ltd
- Insiders 40.36%
- Institutions 1.36%
- Public & others 58.28%
- Shares outstanding 1.41B
- Free float 817M
Shenzhen Topraysolar Co Ltd company profile
- Company name
- Shenzhen Topraysolar Co Ltd
- Ticker
- 002218.SHE
- ISIN
- CNE1000009M6
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Feb 28, 2008
- Sector
- Technology
- Industry
- Semiconductors & Semiconductor Equipment
- Employees
- 949
- Fiscal year end
- December
- Address
- Building A, Hong Nian Plaza, Shenzhen, China, 518000
- Phone
- 86 75 5866 12689
- Website
- topraysolar.com
About Shenzhen Topraysolar Co Ltd
SHENZHEN TOPRAYSOLAR Co.,Ltd. engages in research, development, production, and sale of solar cell chips and components in China. The company operates through four segments: Silicon Wafer Division; Modules and Other Photovoltaic Products Business Unit; Photovoltaic Power Plant Business Unit; and Others. It offers solar power supplies, application products, photovoltaic glass and brackets, and collector plates, as well as water heater systems; and designs, installs, and sells, solar hot water projects, solar power station, and wind power projects. The company also provides solar cells, photovoltaic modules, photovoltaic glass, photovoltaic films, and photovoltaic; and portable solar consumer products. In addition, it offers battery energy storage system, grid-connected and off-grid solar modules, solar consumer products, solar glass, solar junction box, and raw materials on solar modules. The company also exports its products. SHENZHEN TOPRAYSOLAR Co.,Ltd. was founded in 1992 and is headquartered in Shenzhen, China.
Shenzhen Topraysolar Co Ltd management
9- Mr. Wukui ChenChairman · born 1958
- Mr. Guoqiang YangGM & Director · born 1975
- Mr. Yongmi YuFinancial Director · born 1968
- Mr. Xiaofeng LinDeputy GM, President of International Marketing & Director · born 1973
- Mr. Jiahao ChenExecutive Deputy GM, Chief Engineer & Director · born 1994
- Ms. Yanping GongDeputy GM & Board Secretary · born 1988
- Mr. Hao ChenDeputy General Manager · born 1982
- Ms. Hongxia FuDeputy General Manager · born 1978
- Ms. Fanli ZhuAccounting Supervisor · born 1992