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Employees: 372
Size Zhejiang Sunoren Solar Technology (603105.SS) is a China Utilities company (Alternative Power Generation) with a market value of $608M, the 3386th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥8.11 on 6 Nov 2026.
Performance Over six months the shares fell 16.6%, against -34.6% for the median peer and -16.4% for the China market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +16.3%); the operating margin is 22.7% (peer median 17.8%).
Valuation It trades at 19.3× forward earnings against a peer median of 15.0× (7th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points above its cost of capital (5.5% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥760M | CN¥738M | CN¥685M | CN¥683M | CN¥647M |
| Revenue growth | — | +8% | 0% | +6% | — |
| Gross profit | CN¥457M | CN¥400M | CN¥390M | CN¥381M | CN¥340M |
| EBITDA | n/a | CN¥543M | CN¥524M | CN¥495M | CN¥456M |
| Net income | CN¥64.8M | CN¥201M | CN¥194M | CN¥220M | CN¥191M |
| Free cash flow | CN¥86.1M | CN¥118M | CN¥19.0M | -CN¥171M | CN¥126M |
| Capital expenditure | CN¥217M | CN¥285M | CN¥370M | CN¥531M | CN¥448M |
| Total debt | CN¥2.03B | CN¥2.03B | CN¥1.94B | CN¥2.11B | CN¥1.62B |
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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 | 603105.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.8% | -10.4% | 8th highest of 21 |
| 6-month return | -16.6% | -34.6% | 5th highest of 20 |
| Distance from 52-week high | -43.8% | -44.3% | 9th highest of 21 |
| Revenue growth (TTM) | +8.0% | +16.3% | 7th lowest of 21 |
| Operating margin | 22.7% | 17.8% | 9th highest of 21 |
| Forward P/E | 19.3× | 15.0× | 7th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 3.7% | -1.2% | 4th most demanding of 9 |
| Growth delivered (Del g) | +11.6% | +20.2% | 4th lowest of 9 |
| Hurdle (Req g minus delivered) | -8.0 pp | -12.7 pp | 2nd most demanding of 9 |
| ROIC minus cost of capital | +1.2 pp | -1.9 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Sunoren Solar Technology 603105.SS | China | $608M | -17% | +8% | 23% | 19.3× | 3.7% | +11.6% |
| KPI Green Energy KPIGREEN.NS | India | $615M | -40% | +40% | 30% | 12.0× | n/a | n/a |
| Guangdong Chant 002616.SZ | China | $617M | -21% | -3% | 7% | 14.1× | -4.3% | +3.8% |
| Century Wind Power 2072.TW | Taiwan | $618M | -41% | +62% | 22% | 5.7× | -17.2% | +41.9% |
| Shanghai Nenghui Technology 301046.SZ | China | $680M | +8% | -49% | -13% | 2,690.0× | n/a | n/a |
| Inox Green Energy Services INOXGREEN.NS | India | $537M | -37% | +16% | 2% | n/a | n/a | n/a |
| West 1407.T | Japan | $490M | -34% | +20% | 23% | 8.2× | -4.9% | -3.6% |
| Waaree Renewable Technologies WAAREERTL.NS | India | $810M | -30% | +78% | 17% | 12.2× | 24.1% | +203.3% |
| Pne PNE3.DE | Germany | $442M | -47% | +13% | 14% | n/a | n/a | n/a |
| Xinyi Energy 3868.HK | Hong Kong | $863M | -38% | +2% | 54% | 8.1× | -2.6% | +9.1% |
| RENOVA 9519.T | Japan | $397M | -38% | +14% | 5% | 17.1× | 23.9% | +33.6% |
| SK Eternix 475150.KS | South Korea | $949M | -35% | +39% | 9% | 40.0× | n/a | n/a |
| EnergieKontor EKT.DE | Germany | $383M | -45% | +54% | 19% | 70.4× | n/a | n/a |
| Cox Infrastructure COXG.MC | Spain | $1.05B | -12% | +72% | 9% | 10.1× | n/a | n/a |
| Alerion Clean Power ARN.MI | Italy | $1.11B | -35% | +13% | 51% | 16.4× | n/a | n/a |
| XPLR Infrastructure, LP XIFR | United States | $1.38B | -38% | -1% | 3% | 3.0× | n/a | n/a |
| Scatec SCATC.OL | Norway | $1.50B | -16% | +16% | 29% | n/a | n/a | n/a |
| Juniper Green Energy JNPR.NS | India | $1.54B | n/a | +1,313% | 52% | 100.5× | n/a | n/a |
| Clean Max Enviro Energy Solutions CLEANMAX.NS | India | $1.57B | +8% | +28% | 44% | 107.0× | n/a | n/a |
| Nyocor 600821.SS | China | $1.63B | -29% | -12% | 12% | 40.5× | 6.8% | +20.6% |
| Jiaze Renewables 601619.SS | China | $1.65B | -34% | -5% | 43% | 15.0× | 0.2% | +19.7% |