Golden Solar New Energy Technology Holdings Limited (1121) AI Stock Analysis

Golden Solar New Energy Technology Holdings Limited

(HKEX:1121)

Select Model

Rating:42Neutral

Price Target:HKD 0.39▲(6.49% Upside)

Action:reiterated

Date:08/21/26

The overall score is driven primarily by severely deteriorating financial performance, with collapsing revenue, negative margins, and large losses creating high fundamental risk. Technical indicators reinforce a cautious view as the stock trades in a clear downtrend, although oversold readings offer only limited near-term support. Valuation remains speculative given negative earnings and no income yield, providing little offset to the underlying weakness.

Positive Factors

Earlier Revenue ExpansionThe company achieved higher revenue in 2021–2023 than in 2020, showing that its solar and clean-energy activities have demonstrated some ability to expand the top line. This provides an established operating base that could support recovery if execution and market conditions improve.

Negative Factors

Revenue and Gross Margin DeclineThe sharp 2025 revenue decline and move to a slightly negative gross margin indicate weakening demand, pricing power, or cost absorption. This combination threatens the sustainability of the operating model because lower sales reduce scale while negative gross profit leaves little capacity to cover overhead.

Golden Solar New Energy Technology Holdings Limited (1121) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 711.98M
Dividend Yield: ―
Average Volume (3M): 625.06K
Price to Earnings (P/E): -2.5
Beta (1Y): 0.30
Revenue Growth: -20.53%
EPS Growth: 15.87%
Country: Hong Kong
Employees: 720
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Apparel - Footwear & Accessories

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 operate...

Golden Solar New Energy Technology Holdings Limited Financial Statement Overview

Summary

Revenue has halved from 314M to 151M, gross margin turned negative, and net loss widened to -300M with eroding equity and persistently weak cash generation, indicating distressed fundamentals despite manageable leverage.

Income Statement

12Very Negative

Balance Sheet

35Negative

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	155.12M	155.12M	253.51M	295.35M	274.28M	313.51M
Gross Profit	-12.75M	-12.75M	25.87M	42.91M	35.52M	88.52M
EBITDA	-262.51M	-262.69M	-236.93M	-294.44M	-203.50M	-1.59M
Net Income	-307.93M	-307.93M	-277.41M	-326.38M	-167.04M	9.22M
Balance Sheet
Total Assets	602.86M	602.86M	696.18M	864.00M	915.34M	576.69M
Cash, Cash Equivalents and Short-Term Investments	10.76M	10.76M	31.86M	143.36M	354.72M	135.79M
Total Debt	155.00M	155.00M	151.84M	168.90M	92.83M	104.91M
Total Liabilities	335.56M	335.56M	313.80M	323.00M	270.54M	291.85M
Stockholders Equity	267.30M	267.30M	382.39M	540.99M	644.80M	284.84M
Cash Flow
Free Cash Flow	3.73M	-5.49M	-80.83M	-255.36M	-135.56M	-169.29M
Operating Cash Flow	12.91M	3.00M	-50.58M	-161.89M	-78.70M	-63.05M
Investing Cash Flow	-161.91M	-78.47M	-27.82M	-94.44M	-60.81M	-113.78M
Financing Cash Flow	119.65M	54.91M	-32.38M	44.25M	358.44M	312.00M

Golden Solar New Energy Technology Holdings Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.37

Price Trends

50DMA0.37Positive

100DMA0.44Negative

200DMA0.86Negative

Market Momentum

MACD-0.00Positive

RSI49.36Neutral

STOCH34.13Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1121, the sentiment is Negative. The current price of 0.37 is below the 20-day moving average (MA) of 0.37, above the 50-day MA of 0.37, and below the 200-day MA of 0.86, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 49.36 is Neutral, neither overbought nor oversold. The STOCH value of 34.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1121.

Golden Solar New Energy Technology Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:1121 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HK:1121	42Neutral	HKD 711.98M	-2.50	-99.86%	―	-20.53%	15.87%
HK:2399	39Underperform	HKD 1.02B	-2.30	-109.64%	―	-38.88%	12.86%

* Consumer Cyclical Sector Average

Performance Comparison

HK:1121 and its peers over the selected period
Show on chart	Ticker	Company Name	Price	Change	% Change
	HK:1121	Golden Solar New Energy Technology Holdings Limited	0.37	-0.91	-71.09%
	HK:2399	China Anchu Energy Storage Group Ltd	0.28	-0.18	-39.36%

Golden Solar New Energy Technology Holdings Limited Corporate Events

Golden Solar Advances High-Efficiency Solar Awning Partnership with Dometic

Sep 24, 2026

Golden Solar New Energy Technology Holdings, via its U.S. arm Eco-Dynamic Tech, is collaborating with leading RV manufacturer Dometic to integrate its high-efficiency Hybrid Back Contact solar panels into RV awnings. The partners have completed early...

Golden Solar Narrows Interim Losses as Costs Fall Amid Lower Revenue

Aug 31, 2026

Golden Solar New Energy Technology Holdings Limited reported unaudited interim results for the six months ended 30 June 2026, showing revenue of RMB54.2 million, down from RMB63.1 million a year earlier. Despite lower sales, the Group turned its gros...

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, no...

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 Board...

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.

Date of analysis: Aug 21, 2026

Golden Solar New Energy Technology Holdings Limited AI Stock Analysis