---
title: "SolaX Power (688717.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/688717.SH/norm.md"
symbol: "688717.SH"
name: "SolaX Power"
parent: "https://longbridge.com/en/quote/688717.SH.md"
datetime: "2026-05-20T22:23:57.522Z"
locales:
  - [en](https://longbridge.com/en/quote/688717.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688717.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688717.SH/norm.md)
---

# SolaX Power (688717.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.4200 | -0.1878 | 0.0530 | 0.5983 | 0.2900 |
| ROE | 6.06% | -2.64% | 0.75% | 8.53% | 4.16% |
| Revenue | 1.45B | 1.05B | 1.22B | 1.01B | 798.67M |
| Net income | 66.64M | -29.41M | 8.55M | 95.84M | 45.95M |
| Operating income | 143.65M | 64.75M | 24.92M | -63.34M | -68.07M |
| Gross margin | 32.97% | 30.92% | 32.23% | 34.33% | 29.93% |
| Net margin | 4.59% | -2.79% | 0.70% | 9.51% | 5.75% |
| Profit quality | -130.13% | 26.97% | 13.50% | - | - |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 8.07B | 7.15B | 7.31B | 6.71B | 6.16B |
| Leverage | 1.82 | 1.64 | 1.61 | 1.48 | 1.39 |
| BVPS | 27.94 | 27.32 | 28.45 | 28.39 | 27.78 |
| Turnover | 0.6658 | 0.6144 | 0.5350 | 0.5102 | 0.5472 |
| Cash & STI | 2.89B | 3.00B | 3.07B | 2.96B | 3.01B |
| Inv & Rec | 2.04B | 1.43B | 1.62B | 1.41B | 1.06B |
| LT assets | 1.21B | 1.14B | 969.09M | 939.61M | 864.17M |
| Net debt | -2.85B | -2.95B | -3.03B | -2.91B | -2.96B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -110.39M | 240.07M | 184.60M | -57.32M | -30.42M |
| Investing CF | -194.87M | -112.19M | -115.82M | -99.91M | -87.06M |
| Financing CF | 119.67M | -356.42M | -9.06M | -4.99M | -6.89M |
| Free CF | -198.42M | 370.02M | -1.45M | -111.96M | -314.41M |
| OCF coverage | -56.65% | 91.56% | 177.61% | -51.27% | -24.85% |
| Repaid & issued | - | - | - | - | - |
| CapEx | -194.87M | -112.20M | -115.82M | -99.91M | -122.42M |

## Distribution Plan

**Dividend Yield**: 0.71

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.9375CNY | 2025-12-08 | 2025-12-09 | 2025-12-09 |
| Cash Dividend: 
0.9375CNY | 2024-12-19 | 2024-12-20 | 2024-12-20 |