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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).

Tynsolar Corp. (顶晶科技)

Main Activities: Computer and Electronic Product Manufacturing

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Company Information

Full name
Tynsolar Corp. (顶晶科技)

Headquarters
No.620, Sec. 6, Jhonghua Rd. Hsinchu City, Taiwan; Hsinchu County; Hsinchu County
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: Deloitte Touche Tohmatsu (2013)
Incorporation Date: August 25, 2006
Total Employees: 197

Tel: 886-3-5181686

Company Description

Top crystal Technology was originally Ding Yuan Opto's Solar Photovoltaic Product Office (ITS).The company was established on August 25,2006, divided from Ding Yuan. It was expected to be registered in Emerging Market on June 15,2007.The company's main products are solar cells modules (57.86%)and the silicon wafer (38.96%)which are mainly domestic-based. In November 2006 the company passed the European Safety IEC61215 certification of solar cell modules. It was Taiwan's first certified
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Company Analysis

According to the Individual - Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues decreased with -52.24%, from TWD 678.94 millions to TWD 324.24 millions. Operating result decreased from TWD -141.15 millions to TWD -179.1 millions which means -26.89% change. The results of the period decreased -26.70% reaching TWD -183.24 millions at the end of the period against TWD -144.63 millions last year. Return on equity (Net income/Total equity) went from -27.77% to -89.85%, the Return On Asset (Net income / Total Asset) went from -16.37% to -36.23% and the Net Profit Margin (Net Income/Net Sales) went from -21.30% to -56.51% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 148.03% compared to 69.64% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.22 to 0.83 when compared to the previous year.

Key Executives

Fu Pei Wen Chairman of the Board of Directors
Fu Pei Wen President
Su Yu Hui Spokesperson

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Balance Sheet

Total Assets

505

577

Current Assets

250

296

Total Liabilities

301

334

Shareholders Equity

203

242

Current Liabilities

300

333

* All the accounts are in TWD.
Income Statement

Total Operating Revenue

324

291

Operational Profit (Loss)

-179

-141

Net Profit (Loss)

-183

-144

* All the accounts are in TWD.
Ratios
Profitability Ratios

Return on Assets (ROA)

-36.23%

-25%

Annualised Return on Assets (ROA)

-48.31%

-50%

Return on Equity (ROE)

-89.85%

-59.47%

Annualised Return on Equity (ROE)

-119.8%

-118.94%

Return on Sales (ROS)

-56.51%

-49.49%

Return on Capital

-89.85%

-59.47%

Gross Profit Margin

-22.69%

-16.24%

Operating Profit Margin

-37.04%

-27.64%

Efficiency Ratios

Accounts Receivable Turnover

16.34x

10.24x

Inventory Turnover

2.81x

2.18x

Current asset turnover

1.30x

0.98x

Fixed-asset turnover

8.15x

4.77x

Asset Turnover

0.64x

0.51x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-179

-141

EBITDA

-145

-119

Enterprise value

768

982

Enterprise Value / EBITDA

-5.28

-8.21

Bookvalue (BV)

203

242

Net Cash

-276

-317

Liquidity Ratios

Current Ratio

83.28%

88.92%

Quick ratio

36.18%

42.2%

Doom's day ratio

8.47%

5.19%

Cash Flow to Debt

-15.97%

-6.77%

Leverage Ratios

Leverage ratio

248.03%

237.91%

Interest Coverage Ratio

-4,326.09%

-5,348.68%

Debt to equity

148.03%

137.91%

Debt to total assets

59.68%

57.97%

Debt / Enterprise Value

39.28%

34.08%

Market ratios

Market Cap / Net cash

-1.78

-2.09

Trend Ratios

Revenue Trend

47.76%

54.47%

Net Income Trend

126.7%

160.01%

Operating Income Trend

95.64%

116.77%