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Golden Solar New Energy Technology Holdings Limited logo

Golden Solar New Energy Technology Holdings Limited

1121.HK

HKSEConsumer CyclicalApparel - Footwear & Accessories

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Latest quote

HK$0.395

+HK$0.03 · +8.22%

Aug 24, 3:42 PM HKT

1121.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Golden Solar New Energy Technology Holdings Limited, an investment holding company, manufactures and sells footwear products in the People’s Republic of China, the United States, South America, Europe, South East Asia, and internationally. It operates through Boree Branded Products, Graphene-based Products, Photovoltaic Products, and Original Equipment Manufacturer segments. The company offers slippers, sandals, and casual footwear under the Boree brand name. It also manufactures and sells graphene-based ethylene-vinyl acetate foam material and slippers, deodorizing and sterilizing chips for air purifiers and air conditioners, and graphene air sterilizers. In addition, the company produces slippers for branding and resale by others; and trades in slippers. Further, the company manufactures and sells cast monocrystalline silicon wafers and cast-mono heterojunction solar cells and modules, hybrid passivation back contact solar cells, HBC flexible modules and the bendable solar awnings. Golden Solar New Energy Technology Holdings Limited was founded in 1999 and is headquartered in Quanzhou, the People’s Republic of China.

Industry
Apparel - Footwear & Accessories
Sector
Consumer Cyclical
Headquarters
CN
CEO
Shuang Quan He
Listed since
Jan 28, 2011
Employees
980

Market position

Day range

Current HK$0.395

52-week range

Current HK$0.395

Open
HK$0.335
Previous close
HK$0.365
Volume
574K
0.77× average
Average volume
747.18K
Average daily volume
Market cap
760.09M HKD
Beta
0.38
Market reference 1
50-day average
HK$0.4984
-20.75% below average
200-day average
HK$1.0733
-63.20% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.24B CNY
P/E (TTM)
-2.02×
P/B (TTM)
2.36×
P/S (TTM)
4.2×
EV / EBITDA
-7.74×
Earnings yield
-14.70%
Free cash flow yield
-0.26%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-8.22%
Operating margin
-199.42%
Net margin
-198.51%
Return on equity
-115.20%
Return on assets
-51.08%
Return on invested capital
-71.66%

Financial health

Debt / equity
0.58×
Current ratio
0.81×
Altman Z-score
-6.46
Piotroski F-score
1 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends51%-40%-131%-222%Gross margin, FY2021: 28.23%Gross margin, FY2022: 12.95%Gross margin, FY2023: 14.53%Gross margin, FY2024: 10.20%Gross margin, FY2025: -8.22%Operating margin, FY2021: -9.60%Operating margin, FY2022: -78.86%Operating margin, FY2023: -108.37%Operating margin, FY2024: -110.85%Operating margin, FY2025: -199.42%Net margin, FY2021: 2.94%Net margin, FY2022: -60.90%Net margin, FY2023: -110.51%Net margin, FY2024: -109.42%Net margin, FY2025: -198.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 28.23%. Gross margin FY2022 12.95%. Gross margin FY2023 14.53%. Gross margin FY2024 10.20%. Gross margin FY2025 -8.22%. Operating margin FY2021 -9.60%. Operating margin FY2022 -78.86%. Operating margin FY2023 -108.37%. Operating margin FY2024 -110.85%. Operating margin FY2025 -199.42%. Net margin FY2021 2.94%. Net margin FY2022 -60.90%. Net margin FY2023 -110.51%. Net margin FY2024 -109.42%. Net margin FY2025 -198.51%.

Income trends

Revenue

155.12M CNY-38.81%

Operating income

−309.34M CNY-10.07%

Net income

−307.93M CNY-11.00%
Income trends across reported periods377.49M CNY121.54M CNY−134.41M CNY−390.37M CNYRevenue, FY2021: 313.51M CNYRevenue, FY2022: 274.28M CNYRevenue, FY2023: 295.35M CNYRevenue, FY2024: 253.51M CNYRevenue, FY2025: 155.12M CNYOperating income, FY2021: −30.09M CNYOperating income, FY2022: −216.29M CNYOperating income, FY2023: −320.07M CNYOperating income, FY2024: −281.03M CNYOperating income, FY2025: −309.34M CNYNet income, FY2021: 9.22M CNYNet income, FY2022: −167.04M CNYNet income, FY2023: −326.38M CNYNet income, FY2024: −277.41M CNYNet income, FY2025: −307.93M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 313.51M CNY. Revenue FY2022 274.28M CNY. Revenue FY2023 295.35M CNY. Revenue FY2024 253.51M CNY. Revenue FY2025 155.12M CNY. Operating income FY2021 −30.09M CNY. Operating income FY2022 −216.29M CNY. Operating income FY2023 −320.07M CNY. Operating income FY2024 −281.03M CNY. Operating income FY2025 −309.34M CNY. Net income FY2021 9.22M CNY. Net income FY2022 −167.04M CNY. Net income FY2023 −326.38M CNY. Net income FY2024 −277.41M CNY. Net income FY2025 −307.93M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue155.12M CNY253.51M CNY295.35M CNY274.28M CNY313.51M CNY
Cost of goods sold167.87M CNY227.65M CNY252.44M CNY238.75M CNY224.99M CNY
Gross profit−12.75M CNY25.87M CNY42.91M CNY35.52M CNY88.52M CNY
Research and development41.3M CNY60.23M CNY83.35M CNY52.37M CNY18.87M CNY
Selling, general, and administrative255.3M CNY246.92M CNY281.93M CNY195.04M CNY99.74M CNY
Operating expenses296.59M CNY306.9M CNY362.97M CNY245.59M CNY118.61M CNY
Interest income408.16K CNY1.4M CNY4.46M CNY432K CNY82K CNY
Interest expense9.41M CNY8.14M CNY5.15M CNY4.41M CNY5.57M CNY
Depreciation and amortization19.96M CNY17.62M CNY24.24M CNY10.38M CNY8.67M CNY
Operating income−309.34M CNY−281.03M CNY−320.07M CNY−216.29M CNY−30.09M CNY
Net income−307.93M CNY−277.41M CNY−326.38M CNY−167.04M CNY9.22M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-0.17
FY2025
Latest fiscal-year revenue
155.12M CNY
FY2025 · -38.81% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend0.02-0.05-0.12-0.2FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend329.34M265.99M202.64M139.28MFY21FY22FY23FY24FY25

Corporate actions

Corporate action history

Dividend

Ex-dividend Sep 19, 2012

HK$0.025

Quarterly

Record Sep 20, 2012 · Payment Oct 12, 2012

Dividend

Ex-dividend May 25, 2012

HK$0.03

Special

Record May 28, 2012 · Payment Jun 20, 2012

Dividend

Ex-dividend Sep 19, 2011

HK$0.02

Special

Record Sep 20, 2011 · Payment Oct 14, 2011

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