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Golden Solar New Energy Technology Holdings Limited
(1121)
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Rating:40Underperform
Price Target:
HK$0.29
â–¼(-14.71% Downside)
Action:Downgraded
Date:08/21/26
The score is driven primarily by weak financial performance: severe ongoing losses, deteriorating gross profitability in 2025, shrinking equity, and persistently negative free cash flow. Technicals add further downside risk, with the price below all key moving averages and very weak momentum indicators. Valuation provides limited offset because the negative P/E reflects continued losses and dividend support is not indicated.
Positive Factors
Positive Equity and Moderate Leverage
Positive equity and moderate reported leverage provide some financial flexibility, reducing immediate balance-sheet risk. However, this cushion is weakening because sustained losses have materially eroded equity since 2022.
Negative Factors
Revenue Contraction and Negative Gross Margin
A material revenue decline combined with negative gross margin signals weakening demand, pricing power, or cost control. This threatens the durability of the business model because the company is not covering product-level costs before operating expenses.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Equity and Moderate Leverage
Positive equity and moderate reported leverage provide some financial flexibility, reducing immediate balance-sheet risk. However, this cushion is weakening because sustained losses have materially eroded equity since 2022.
Read all positive factors
Golden Solar New Energy Technology Holdings Limited (1121) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$673.49M
Dividend Yield4.66%
Average Volume (3M)1.03M
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth-20.53%
EPS Growth15.87%
CountryHK
Employees980
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-0.17
Shares Outstanding1,924,269,700
10 Day Avg. Volume459,401
30 Day Avg. Volume1,026,667
Financial Highlights & Ratios
PEG Ratio-0.50
Price to Book (P/B)7.84
Price to Sales (P/S)13.51
P/FCF Ratio-381.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Golden Solar New Energy Technology Holdings Limited Business Overview & Revenue Model
Company Description
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 oper...
How the Company Makes Money
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Golden Solar New Energy Technology Holdings Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 155.12M | 253.51M | 295.35M | 274.28M | 313.51M |
| Gross Profit | -12.75M | 25.87M | 42.91M | 35.52M | 88.52M |
| EBITDA | -289.39M | -263.43M | -294.44M | -205.90M | -2.66M |
| Net Income | -307.93M | -277.41M | -326.38M | -167.04M | 9.22M |
Balance Sheet | |||||
| Total Assets | 602.86M | 696.18M | 864.00M | 915.34M | 576.69M |
| Cash, Cash Equivalents and Short-Term Investments | 10.76M | 31.86M | 143.36M | 354.72M | 135.79M |
| Total Debt | 155.00M | 151.84M | 168.90M | 92.83M | 104.91M |
| Total Liabilities | 335.56M | 313.80M | 323.00M | 270.54M | 291.85M |
| Stockholders Equity | 267.30M | 382.39M | 540.99M | 644.80M | 284.84M |
Cash Flow | |||||
| Free Cash Flow | -5.49M | -80.83M | -255.36M | -135.56M | -169.29M |
| Operating Cash Flow | 3.00M | -50.58M | -161.89M | -78.70M | -63.05M |
| Investing Cash Flow | -78.47M | -27.82M | -94.44M | -60.81M | -113.78M |
| Financing Cash Flow | 54.91M | -32.38M | 44.25M | 358.44M | 312.00M |
Golden Solar New Energy Technology Holdings Limited Technical Analysis
Neutral
0.34
Price Trends
0.43
Negative
0.69
Negative
1.02
Negative
Market Momentum
-0.03
Negative
44.09
Neutral
24.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1121, the sentiment is Neutral. The current price of 0.34 is below the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.43, and below the 200-day MA of 1.02, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 44.09 is Neutral, neither overbought nor oversold. The STOCH value of 24.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1121.
Golden Solar New Energy Technology Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
HK:1121
Golden Solar New Energy Technology Holdings Limited
0.36
-1.38
-79.31%
HK:2399
China Anchu Energy Storage Group Ltd
0.32
-0.09
-21.25%
Golden Solar New Energy Technology Holdings Limited Corporate Events
Golden Solar Schedules Board Meeting to Approve Interim Results and Dividend
Aug 19, 2026
Golden Solar New Energy Technology Holdings Limited, a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange, operates in the new energy technology sector through a board-led governance structure. The board includes executive,...
Golden Solar New Energy Tech Names New Company Secretary and Authorised Representative
Aug 14, 2026
Golden Solar New Energy Technology Holdings Limited has announced a leadership change in its corporate governance functions, with long-serving company secretary and authorised representative Mr. Ip Pui Sum retiring effective 14 August 2026. The Bo...
Golden Solar Secures Full Shareholder Backing at 2026 AGM
Jun 12, 2026
Golden Solar New Energy Technology Holdings Limited reported that all resolutions put to shareholders at its 12 June 2026 annual general meeting were approved by poll, with the entire issued share capital entitled to vote and no shareholders requi...
Golden Solar Hits 28.2% Efficiency Milestone in HBC Solar Cell Project
May 28, 2026
Golden Solar New Energy Technology Holdings said its first batch of HBC solar cells under a joint venture upgrade project has achieved a certified efficiency of 28.2%, as tested by TUV Rheinland, a level the company describes as a leading record a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.