Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
---|---|---|---|---|
Income Statement | ||||
Total Revenue | 49.86M | 50.82M | 59.06M | 40.32M |
Gross Profit | 6.53M | 8.62M | 9.00M | 7.76M |
EBITDA | 1.95M | 3.07M | 3.44M | 3.17M |
Net Income | 470.99K | 1.10M | 1.62M | 2.09M |
Balance Sheet | ||||
Total Assets | 31.95M | 29.60M | 32.85M | 25.96M |
Cash, Cash Equivalents and Short-Term Investments | 5.17M | 5.64M | 3.45M | 1.65M |
Total Debt | 2.88M | 3.63M | 2.51M | 543.49K |
Total Liabilities | 13.19M | 12.57M | 17.15M | 10.84M |
Stockholders Equity | 16.42M | 15.29M | 14.60M | 14.44M |
Cash Flow | ||||
Free Cash Flow | 1.19M | -1.72M | 10.82M | 195.90K |
Operating Cash Flow | 1.60M | 549.26K | 10.98M | 314.27K |
Investing Cash Flow | -4.43M | -2.27M | -168.06K | -115.54K |
Financing Cash Flow | 1.87M | 3.52M | -7.77M | 272.50K |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | $140.12M | ― | -175.83% | ― | -17.53% | 8.53% | |
54 Neutral | $42.09M | ― | -84.64% | ― | -26.62% | -65.66% | |
52 Neutral | ― | 7,080.00 | 0.14% | ― | 0.30% | -98.85% | |
49 Neutral | $52.79M | ― | -47.48% | ― | 22.78% | -27.59% | |
41 Neutral | $60.32M | ― | 307.38% | ― | -54.68% | 63.56% | |
40 Underperform | $57.02M | ― | ― | ― | -27.65% | 16.39% |
Skycorp Solar Group Limited reported its financial results for the first half of 2025, showing a 7.53% increase in revenue compared to the same period in 2024, primarily driven by a 13.62% rise in solar PV product sales. However, the company’s net income decreased by 39.09% due to increased selling and marketing expenses and a significant drop in high-performance computing product sales, attributed to a global economic slowdown.
On August 11, 2025, Skycorp Solar Group Limited held an extraordinary general meeting where shareholders approved significant changes to the company’s share capital structure. These changes include increasing the authorized share capital and reclassifying shares into different classes, which will result in Skyline Tech Limited controlling 97% of the company’s voting rights. This move is expected to strengthen Skycorp’s market position by consolidating control and potentially facilitating future strategic initiatives.
On August 12, 2025, Skycorp Solar Group Limited announced two strategic initiatives as part of its ‘Pegasus Strategy’: the activation of a Strategic Digital Asset Reserve Account and the expansion of its renewable power generation portfolio. The company commenced its digital asset strategy by acquiring Ethereum and plans to diversify its treasury with more digital assets. Concurrently, Skycorp has agreed to acquire solar power stations, enhancing its role in the green energy transition. These moves are expected to strengthen Skycorp’s market position and support global decarbonization goals.
On July 17, 2025, Skycorp Solar Group Limited announced the resignation of its Chief Operating Officer, Gaokui Zhang, due to health reasons. The company clarified that the resignation was not related to any disagreements or issues concerning business operations or financial matters, indicating a smooth transition for the organization.
On July 11, 2025, Skycorp Solar Group Limited announced it will hold an extraordinary general meeting (EGM) on August 11, 2025, at its executive office in Ningbo, China. Shareholders of record as of July 7, 2025, are entitled to vote. This meeting is significant for stakeholders as it may impact the company’s strategic direction and market positioning, especially given its focus on expanding solar PV products and server solutions for enterprise customers.