Brief Introduction

Ningbo Solartron Technology Co. Ltd was founded in November, 2010. The company is located in the Ningbo Jiangbei High-Tech Park with over 110,000 square meters of building. The company has employed 513 personnel, of which 30% have university degrees. There are also 7 Ph.D. degree holders and 15 graduate degree holders in the key technical, management and marketing positions. The company is awarded as "State High-Tech Company'' in 2013 from the local authority.

Through original R&D activities and massy technology accumulation, our company successfully developed the first generation of LCD-used optical reflective film in 2012, and at the end of 2017, the shipment area of the optical reflective film reached the number one in worldwide. Fortunately, in 2018, the company's product of optical reflective film won the individual champion honored by the MIIT ministry of China in 2019.

Solartron is a high-tech polymer functional film company with proprietary technology and products. Solartron is focused on developing and commercialization of optical functional films, such as reflective films and prism films; PV back-sheet base films, high-grade optical base films and other special functional films. Those products are widely applied in liquid crystal display, semiconductor lighting, photovoltaic, semiconductor flexible circuit board and other fields. Our Vision is to be the China's leading and World Class Functional Film Company.

Company Overview

Full name Ningbo Solartron Technology Co., Ltd.
Abbreviations Solartron Technology
Code 688299
Founded 2010-11-16
Listing 2019-11-6
Domicile Ningbo
Website http://www.solartrontech.com/
Email ir@solartrontech.com
STAR Theme New Materials
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2018 2017 2016
Earnings Per Share 0.42 0.13 0.16
R&D expenditure as a % of operating revenue 3.96% 4.62% 2.75%
Operating Revenue 691 467 380
Net Income 89 25 27

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 691 467 380
Operating Costs 596 435 360
Operating Income 94 25 13
Pretax Income 101 29 20
Income Tax 12 3 -7
Net Income 89 25 27

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Assets
Current Assets-Total 617 455 343
Non-current Assets-Total 701 694 666
Total Assets 1,317 1,149 1,009
Liabilities
Current Liabilities-Total 485 276 612
Non-current Liabilities-Total 220 350 207
Total Liabilities 705 626 819
Stockholder's Equity
Share Capital 212 212 162
Retained Profits 126 46 23
Total Owners' Equity 612 523 190

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating 108 15 64
Net Cash Flows-Investing -8 -64 -149
Net Cash Flows-Financing -9 72 73

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
金亚东 45.38 16.06%
陶春风 28.48 10.08%
陈素娥 12.99 4.60%
杭州南海成长投资合伙企业(有限合伙) 12.89 4.56%
郑学明 10.46 3.70%
陈文 10.32 3.65%
刘莲君 10.00 3.54%
深圳同创锦程新三板投资企业(有限合伙) 9.64 3.41%
宁波长阳永汇投资管理合伙企业(有限合伙) 9.64 3.41%
宁波市鄞州同锦创业投资合伙企业(有限合伙) 8.66 3.06%

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