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Hong Kong
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

China Solar Energy Holdings Limited (中国源畅光电能源控股有限公司)

Main Activities: Investment Brokerage and Other Financial Investments

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Company Information

Full name
China Solar Energy Holdings Limited (中国源畅光电能源控股有限公司)

Headquarters
Room 4003-4005, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong; Hong Kong; Hong Kong
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
ISIN CODE : BMG2111R1051
Financial Auditors: HLB Hodgson Impey Cheng (2013)
Total Employees: 88

Tel: (852) 3105-1820

Company Description

The principal activities are the development, manufacturing, marketing and sale of photovoltaic solar cells, modules and panels for generating solar electric power and related training and consulting services (“photovoltaic business”), provision of capital market advisory services, participation in primary and secondary securities markets.

Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues increased with 80.75%, from HKD 174,658,000 to HKD 315,686,000 . Operating result decreased from HKD -214,942,000 to HKD -263,795,000 which means -22.73% change. The results of the period decreased -35.48% reaching HKD -269,361,000 at the end of the period against HKD -198,820,000 last year. Return on equity (Net income/Total equity) went from -42.45% to -37.31%, the Return On Asset (Net income / Total Asset) went from -41.03% to -31.41% and the Net Profit Margin (Net Income/Net Sales) went from -113.83% to -85.33% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 21.85% compared to 3.47% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 21.91 to 27.17 when compared to the previous year.

Key Executives

Yeung Ngo Chairman and Executive Director
Yeung Ngo Chairman and Executive Director
Yang Yuchun Executive Director
Jin Yan Executive Director
Li Jian Non-Executive Director
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Balance Sheet

Total Assets

857,696,000

1,046,231,000

Current Assets

270,903,000

253,855,000

Total Liabilities

157,774,000

195,980,000

Shareholders Equity

699,922,000

850,251,000

Current Liabilities

9,972,000

27,858,000

* All the accounts are in HKD.
Income Statement

Total Operating Revenue

315,686,000

8,007,000

Operational Profit (Loss)

-261,658,000

Net Profit (Loss)

-269,361,000

-51,587,000

* All the accounts are in HKD.
Ratios
Profitability Ratios

Return on Assets (ROA)

-28.85%

-4.78%

Annualised Return on Assets (ROA)

-31.41%

-9.86%

Return on Equity (ROE)

-38.48%

-6.07%

Annualised Return on Equity (ROE)

-38.48%

-12.14%

Return on Sales (ROS)

-85.33%

-644.27%

Return on Capital

-31.77%

-5.07%

Gross Profit Margin

2.31%

-24.6%

Operating Profit Margin

-13.66%

-509.6%

Efficiency Ratios

Accounts Receivable Turnover

-x

3.75x

Inventory Turnover

24.87x

0.50x

Current asset turnover

1.17x

0.03x

Fixed-asset turnover

1.66x

0.04x

Asset Turnover

0.37x

0.01x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-266,958,000

-50,017,000

EBITDA

-247,196,000

Enterprise value

498,528,321

545,853,844

Enterprise Value / EBITDA

0.04

Bookvalue (BV)

388,032,000

240,920,000

Liquidity Ratios

Current Ratio

2,716.64%

911.25%

Quick ratio

2,589.34%

853.23%

Doom's day ratio

107.17%

59.45%

Leverage Ratios

Leverage ratio

122.54%

123.05%

Debt to equity

3.37%

5.27%

Debt to total assets

2.75%

4.28%

Debt / Enterprise Value

4.73%

8.2%

Market ratios

Price/Book Ratio

0.69

0

Trend Ratios

Revenue Trend

180.75%

Net Income Trend

135.48%

170.67%

Operating Income Trend

122.73%

294.56%