---
title: "SolaX Power Network Technology (Zhejiang) Co., Ltd. (688717.SH)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/688717.SH.md"
symbol: "688717.SH"
name: "SolaX Power Network Technology (Zhejiang) Co., Ltd."
industry: "Electrical Components and Equipment"
datetime: "2026-05-20T16:46:34.983Z"
locales:
  - [en](https://longbridge.com/en/quote/688717.SH.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688717.SH.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688717.SH.md)
---

# SolaX Power Network Technology (Zhejiang) Co., Ltd. (688717.SH)

## Company Overview

SolaX Power Network Technology (Zhejiang) Co., Ltd. provides photovoltaic energy storage solution in China and internationally. It offers residential, and commercial and industrial energy storage inverters, batteries, all-in-one ESS, and string inverters; EV chargers; ESS and battery accessories; monitoring devices; microinverters; and heat pumps. The company also provides solutions for residential, commercial and industrial, utility-scale plant, and microinverter solutions, as well as smart energy management solutions.

| Item | Detail |
|------|--------|
| Industry | Electrical Components and Equipment |
| Exchange | CN Market |
| Website | [www.solaxpower.com.cn](https://www.solaxpower.com.cn) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: B
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-20T04:30:11.000Z

**Overall: B (0.35)**

**Industry**: Electrical Components and Equipment

| Metric | Value |
|--------|-------|
| Industry Ranking | 40 / 261 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

**Multi Score**: B

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 48.61% |  |
| Net Profit YoY | -34.31% |  |
| P/B Ratio | 4.52 |  |
| Dividend Ratio | 0.75% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 20091673717.79 |  |
| Revenue | 4745097044.43 |  |

#### Multi Score Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 3.19% | C |
| Profit Margin | 2.99% | C |
| Gross Margin | 32.97% | C |
| Revenue YoY | 48.61% | A |
| Net Profit YoY | -34.31% | D |
| Total Assets YoY | 31.06% | A |
| Net Assets YoY | -0.28% | D |
| Cash Flow Margin | 181.45% | B |
| OCF YoY | 48.61% | A |
| Turnover | 0.67 | B |
| Gearing Ratio | 45.08% | C |

```chart-data:radar
{
  "title": "Longbridge Financial Score - SolaX Power Network Technology (Zhejiang) Co., Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "48.61%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "-34.31%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "4.52",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "0.75%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "20091673717.79",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "4745097044.43",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "3.19%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "2.99%",
          "rating": "C"
        },
        {
          "name": "Gross Margin",
          "value": "32.97%",
          "rating": "C"
        },
        {
          "name": "Revenue YoY",
          "value": "48.61%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "-34.31%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "31.06%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "-0.28%",
          "rating": "D"
        },
        {
          "name": "Cash Flow Margin",
          "value": "181.45%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "48.61%",
          "rating": "A"
        },
        {
          "name": "Turnover",
          "value": "0.67",
          "rating": "B"
        },
        {
          "name": "Gearing Ratio",
          "value": "45.08%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 148.56 | 164/261 | 88.48 | 54.47 | 45.16 |
| PB | 4.75 | 164/261 | 3.86 | 2.62 | 2.21 |
| PS (TTM) | 4.44 | 154/261 | 4.30 | 3.41 | 2.83 |
| Dividend Yield | 0.71% | 89/261 | 1.58% | 1.27% | 0.88% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | SIEYUAN (002028.SZ) | B | A | B | C | B | B |
| 02 | ZTT (600522.SH) | C | B | A | B | B | B |
| 03 | Deye (605117.SH) | A | B | B | C | B | B |
| 04 | EVE (300014.SZ) | B | B | B | D | B | B |
| 05 | Huayou Cobalt (603799.SH) | B | A | C | D | B | B |

## Institutional View

### Analyst Rating Distribution

> As of 2026-04-30T16:00:00.000Z

Total Analysts: **2**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 1 | 50% |
| Overweight | 1 | 50% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 131.49 |
| Highest Target | 150.00 |
| Lowest Target | 150.00 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/688717.SH/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/688717.SH/norm.md)
- [Related News](https://longbridge.com/en/quote/688717.SH/news.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**