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SHENZHEN TOPRAYSOLAR Co.,Ltd. (002218.SZ)

CNY3.56 +0.06 (+1.71%)
CN SHZ Energy Solar
Address Building A, Hong Nian Plaza 518000
Shenzhen, GD, CN
CEO Guo Qiang Yang
IPO 2008-02-28
ISIN CNE1000009M6

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Description

Shenzhen Topray Solar Co., Ltd. engages in the research, development, manufacture and distribution of solar cell products and accessories. It is also involved in the design, installation and distribution of solar water heater engineering, wind power generation engineering and solar power station projects. Its products include crystalline silicon solar cells & modules, non-crystalline silicon solar cells & modules, solar energy application products and power supply systems, wind power generation equipment, solar cell production line devices, solar controllers, solar inverters and controlling software for solar application products. The company was founded by Wu Kui Chen on August 15, 2002 and is headquartered in Shenzhen, China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CNY3.56 +0.06 (+1.71%)
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Volume Profile
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Liquidity & share structure
Average Volume
80M
Beta
0.32
Float Shares
795.18M
Free Float %
56.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.67% +3.02% -16.39% -7.46% +49.59% +25.81% +76.70% +11.20% +30.28% +30.44% -42.89%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3.56
DCF (Unlevered) 3.76 +5.6%
DCF (Levered) 0.31 -91.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2024-11 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.29
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
0 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
2 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Solar: +18.1%
    -22.3% Q1'26: -9.0% (vs Q1'25)
  • EPS growth Solar: +43.7%
    -1,850.0% Q1'26: +1.0% (vs Q1'25)
  • FCF margin FCF growth · Solar: +87.8%
    +15.2% Q1'26: -14.4% (vs Q1'25)
  • EBIT margin Solar: +4.0%
    -17.1% Q1'26: -10.7% (vs Q1'25)
  • ROIC Solar: +1.3%
    -4.2% Q1'26: -2.3% (vs Q1'25)
  • Share dilution Solar: 0.0%
    +4.4% Q1'26: -0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Solar: 0.12×
    7.51× Q1'26: -12.95× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.70) × ERP
WACC = 87% × Ke + 13% × Kd (4.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3.76 Current price: 3.56
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2019
actual
Revenue
1.12B
est: 2.57B (-56.3%)
1.05B
est: 3.34B (-68.4%)
EBITDA
423.82M
est: 1.04B (-59.4%)
469.48M
est: 1.36B (-65.4%)
EBIT
190.87M
est: 417.84M (-54.3%)
200.77M
est: 543.06M (-63.0%)
Net Income
88.91M
77.94M
SGA
113.01M
est: 70.17M (+61.1%)
126.79M
est: 91.20M (+39.0%)
EPS
0.07
0.06
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-04-30 C 2/5 2/5 1/5 1/5 2/5 1/5 3/5
2026-04-29 C 2/5 2/5 1/5 1/5 2/5 1/5 3/5
2026-04-28 C 2/5 2/5 1/5 1/5 2/5 1/5 3/5
2026-04-27 C 2/5 2/5 1/5 1/5 2/5 1/5 3/5
2026-04-24 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-23 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-22 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-21 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-20 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-17 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-16 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5
2026-04-15 C- 1/5 1/5 1/5 1/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-433.12M
OE per share TTM
-0.31
Owner's Yield
-5.63%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
268.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 19 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Global X - Solar UCITS ETF RAYZ.L 0.42% 44.9K 0.50%
2 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.01% 71.7K 0.65%
3 Dimensional - Emerging Markets Value ETF DFEV 0.00% 37.0K 0.46%
4 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.00% 262.5K 0.06%
5 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 128.7K 0.39%
6 Dimensional - Emerging Core Equity Market ETF DFAE 0.00% 57.5K 0.29%
7 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 8.3K 0.48%
8 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 18.7K 0.26%
9 Vanguard FTSE Emerging Markets ETF VWO 0.00% 922.2K 0.06%
10 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 45.6K 0.28%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-172.5K
Shares Outstanding
1.41B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Fanli Zhu Supervisor & Accounting Supervisor female
Guoqiang Yang GM & Director male
Hao Chen Deputy General Manager male
Hongxia Fu Deputy General Manager female
Jiahao Chen Deputy GM & Non-Independent Director male
Wukui Chen Chairman & Chief Engineer male
Xiaofeng Lin Deputy GM, President of International Marketing & Director male
Yanping Gong Deputy GM & Board Secretary female
Yongmi Yu Financial Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits