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Shenzhen-based maker of solar inverters and battery energy-storage systems for residential and commercial solar installations.
Shenzhen-based maker of solar inverters and battery energy-storage systems for residential and commercial solar installations.
Sells largely overseas, through distributors and installers, so currency and local subsidy policies shape demand. Residential solar-plus-battery systems are bought by households whose payback depends on electricity prices. Competition from larger Chinese inverter makers is intense.
In one line: A Chinese SolarEdge/Enphase for solar inverters and home battery storage.
Moat: narrow (brand, distribution). Established export brand and installer-distribution network in a competitive global inverter market.
Headquarters: Shenzhen, China · Founded: 2013 · Employees: 2,869
Size Shenzhen SOFARSOLAR (301658.SZ) is a China Information Technology company (Semiconductors) with a market value of $1.32B, the 1826th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥24.91 on 6 Nov 2026.
Performance Over six months the shares fell 40.8%, against -14.8% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 18.3% over the last twelve months (peer median +9.9%); the operating margin is -1.3% (peer median 8.8%).
Valuation It trades at 3.2× enterprise value to sales against a peer median of 3.1× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 43% a year for seven years (Req g). Recent delivered growth is +37%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.8 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.85B | CN¥2.56B | CN¥2.70B | CN¥3.73B | CN¥1.83B |
| Revenue growth | — | -5% | -27% | +104% | — |
| Gross profit | CN¥784M | CN¥680M | CN¥898M | CN¥1.12B | CN¥627M |
| EBITDA | n/a | CN¥137M | CN¥416M | CN¥367M | n/a |
| Net income | -CN¥65.0M | CN¥157M | CN¥259M | CN¥341M | CN¥187M |
| Free cash flow | CN¥56.5M | CN¥222M | CN¥206M | -CN¥867M | CN¥154M |
| Capital expenditure | CN¥96.6M | CN¥68.4M | CN¥137M | CN¥312M | CN¥165M |
| Total debt | CN¥1.68B | CN¥1.36B | CN¥1.24B | CN¥1.67B | CN¥664M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Shenzhen SOFARSOLAR 301658.SZ | $1.32B | -41% | +18% | -1% | 3.2× | 43.2% |
| Sungrow Power Supply 300274.SZ | $25.3B | -40% | -24% | 12% | 2.4× | 12.1% |
| Ginlong Technologies 300763.SZ | $2.98B | -47% | +4% | 11% | 3.5× | 10.0% |
| SolarEdge Technologies SEDG | $1.69B | -33% | +26% | -6% | 1.1× | 11.4% |
| Enphase Energy ENPH | $3.77B | -22% | -20% | 13% | 2.9× | 18.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 301658.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.2% | -34.8% | highest of 21 |
| 6-month return | -40.8% | -14.8% | 6th lowest of 20 |
| Distance from 52-week high | -62.8% | -53.3% | 5th lowest of 21 |
| Revenue growth (TTM) | +18.3% | +9.9% | 8th highest of 20 |
| Operating margin | -1.3% | 8.8% | 4th lowest of 20 |
| EV / Sales | 3.2× | 3.1× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 43.2% | 18.9% | most demanding of 11 |
| Growth delivered (Del g) | +37.3% | +16.5% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | +5.9 pp | +3.4 pp | 3rd most demanding of 11 |
| ROIC minus cost of capital | -3.8 pp | +1.9 pp | 7th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen SOFARSOLAR 301658.SZ | China | $1.32B | -41% | +18% | -1% | 3.2× | 43.2% | +37.3% |
| LAPLACE Renewable Energy Technology 688726.SS | China | $1.30B | -36% | -22% | 8% | 1.5× | 1.4% | +62.8% |
| Shenzhen Qingyi Photomask 688138.SS | China | $1.35B | -7% | +6% | 16% | 7.3× | n/a | n/a |
| Innostar Service 7828.TWO | Taiwan | $1.29B | -18% | +117% | 43% | 36.9× | n/a | n/a |
| TSE 131290.KS | South Korea | $1.29B | -4% | +37% | 22% | 3.1× | 11.2% | +8.5% |
| Elite Advanced Laser 3450.TW | Taiwan | $1.36B | -15% | -2% | 16% | 5.0× | n/a | n/a |
| Luxnet 4979.TWO | Taiwan | $1.36B | -56% | +14% | 19% | 8.9× | 34.7% | +30.3% |
| Karamtara Engineering KARAMTARA.NS | India | $1.28B | n/a | n/a | n/a | n/a | n/a | n/a |
| Faraday Technology 3035.TW | Taiwan | $1.26B | -9% | -32% | 5% | 2.8× | 25.2% | +26.8% |
| WOLF WOLF | United States | $1.26B | -49% | -12% | -67% | 3.0× | n/a | n/a |
| Furuya Metal 7826.T | Japan | $1.26B | +7% | +75% | 25% | 2.0× | 13.3% | +24.2% |
| UMS Integration 558.SI | Singapore | $1.25B | -27% | +10% | 21% | 5.6× | 12.8% | +8.8% |
| Pan Jit International 2481.TW | Taiwan | $1.25B | +6% | +9% | 9% | 3.4× | 24.5% | +4.5% |
| Jeju Semiconductor 080220.KS | South Korea | $1.24B | -4% | +284% | 32% | 2.5× | n/a | n/a |
| Supreme Electronics 8112.TW | Taiwan | $1.24B | -13% | +80% | 3% | 0.4× | n/a | n/a |
| Kaga Electronics 8154.T | Japan | $1.42B | +6% | +24% | 4% | 0.3× | n/a | n/a |
| FADU 440110.KS | South Korea | $1.23B | -58% | +137% | -9% | 9.1× | 43.1% | +156.1% |
| Nuvoton Technology 4919.TW | Taiwan | $1.22B | -46% | 0% | -5% | 1.2× | n/a | n/a |
| Jilin Sino-Microelectronics 600360.SS | China | $1.21B | -15% | +11% | 3% | 3.5× | n/a | n/a |
| Himax Technologies HIMX | United States | $1.45B | -51% | -8% | 5% | 1.4× | 30.3% | -1.3% |
| Sensirion SENS.SW | Switzerland | $1.46B | +3% | +1% | 12% | 3.3× | 10.4% | +6.2% |