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

Solargiga Energy Holdings Limited (阳光能源控股有限公司)

Main Activities: Semiconductor and Other Electronic Component Manufacturing

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Company Information

Full name
Solargiga Energy Holdings Limited (阳光能源控股有限公司)

Headquarters
Room 1402, Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong; Hong Kong; Hong Kong
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: KPMG (2013)
Incorporation Date: March 7, 2007
Total Employees: 3,458

Tel: (852) 3416-2000

Company Description

The principal activities of the Group are the trading of, manufacturing of and provision of processing services for polysilicon and monocrystalline and multicrystalline silicon solar ingots/wafers, and the producing of and trading of photovoltaic modules as well as the installation of photovoltaic systems.

Company Analysis

According to the Consolidated - Audited financial statement for the first half of 2012, total net operating revenues decreased with -61.19%, from CNY 1,249,425,000 to CNY 484,959,000 . The results of the period reached CNY -685,547,000 at the end of the period against CNY 113,333,000 last year. Return on equity (Net income/Total equity) went from 4.84% to -43.16%, the Return On Asset (Net income / Total Asset) went from 2.22% to -14.64% and the Net Profit Margin (Net Income/Net Sales) went from 9.07% to -141.36% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 194.83% compared to 118.39% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.44 to 0.89 when compared to the previous year.

Key Executives

TAN Wenhua Chairman and Executive Director
TAN Wenhua Chairman and Executive Director
ZHANG Liming Executive Director
HSU You Yuan Executive Director
Tan Xin Executive Director
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Balance Sheet

Total Assets

3,944,658,000

4,682,584,000

Current Assets

1,480,031,000

1,814,161,000

Total Liabilities

2,893,428,000

3,094,335,000

Shareholders Equity

1,051,230,000

1,588,249,000

Current Liabilities

1,865,083,000

2,030,908,000

* All the accounts are in CNY.
Income Statement

Total Operating Revenue

996,836,000

484,959,000

Operational Profit (Loss)

-1,268,641,000

Net Profit (Loss)

-1,295,053,000

-685,547,000

* All the accounts are in CNY.
Ratios
Profitability Ratios

Return on Assets (ROA)

-32.36%

-14.11%

Annualised Return on Assets (ROA)

-32.83%

-29.28%

Return on Equity (ROE)

-123.19%

-43.16%

Annualised Return on Equity (ROE)

-123.19%

-86.32%

Return on Sales (ROS)

-129.92%

-141.36%

Return on Capital

-62.27%

-25.85%

Gross Profit Margin

-29.23%

-31.9%

Operating Profit Margin

-56.5%

-57.86%

Efficiency Ratios

Accounts Receivable Turnover

3.57x

1.59x

Inventory Turnover

2.35x

1.15x

Current asset turnover

0.67x

0.27x

Fixed-asset turnover

0.52x

0.23x

Asset Turnover

0.25x

0.10x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-1,207,624,000

-608,901,000

EBITDA

-1,065,811,000

Enterprise value

2,539,391,915

2,672,912,028

Enterprise Value / EBITDA

-1.42

Bookvalue (BV)

1,018,878,000

1,347,245,000

Liquidity Ratios

Current Ratio

79.35%

89.33%

Quick ratio

56.61%

68.54%

Doom's day ratio

17.59%

23.03%

Leverage Ratios

Leverage ratio

375.24%

294.83%

Debt to equity

171.69%

127.41%

Debt to total assets

45.75%

43.21%

Debt / Enterprise Value

64.93%

69.36%

Market ratios

Price/Book Ratio

1.21

0

Trend Ratios

Revenue Trend

38.72%

38.81%

Net Income Trend

-2,932.97%

-604.9%

Operating Income Trend

-3,881.51%

-472.85%