Brief Introduction

Founded in 1997, Trina Solar (688599. SH) is the world leading PV and smart energy total solution provider. The company engages in PV products R&D, manufacture and sales; PV projects development, EPC, O&M; smart micro-grid and multi-energy complementary systems development and sales, as well as energy cloud-platform operation. On 10 June 2020, Trina Solar issues first A-Shares on Shanghai Sci-Tech Innovation Board, becomes the first PV product, PV system and smart energy company listed on the Shanghai Stock Exchange Science and Technology Innovation Board, also known as the STAR MARKET.

The Trina Solar State Key Laboratory of PV Science and Technology is one of the first state key laboratories accredited by the Ministry of Science and Technology. Trina Solar has established a technology innovation team made up of top researchers and experts from across China and around the world. Working together with leading R&D centers, certification authorities and testing organizations, the company plays a leading role in setting international standards for the industry. Trina Solar's State Key Laboratory of PV Science and Technology has set 20 world records in PV cell efficiency and module output and holds the highest number of patents in the PV industry.

In 2019, Trina Solar was rated the World's Top "Bankable" PV Module Manufacturer by Bloomberg New Energy Finance. Trina Solar won the China Industry Awards in 2018, became the first PV company received this honor. Trina Solar highly values and invests in environment, health, and safety. The Company has been ranked as one of the top 3 PV module manufacturing companies in the world. Trina Solar was awarded two successive Gold Level ratings in the Corporate Social Responsibility performance survey conducted by EcoVadis, an independent rating agency in Europe, due to its outstanding record of protecting the environment and employee rights.

Today, Trina Solar is actively accelerating its pace of globalization and the development of its global management team. Building on the global development strategy and international talent team established in the company's early years, Trina Solar has been able to attract and retain an international team of senior managers and researchers from more than 30 countries and regions. Trina Solar's business footprint extends to more than 100 countries and regions, including regional headquarters in Zurich, San Jose, Tokyo, Singapore, sales offices in Madrid, Mexico, Milan, Sydney, Chile, Dubai, and manufacturing facilities in Thailand and Vietnam.

Company Overview

Full name Trina Solar Co., Ltd.
Abbreviations Trina Solar
Code 688599
Founded 1997-12-26
Listing 2020-06-10
Domicile Changzhou, Jiangsu
Website http://www.trinasolar.com/cn
Email IR@trinasolar.com
STAR Theme New Energy
CSRCSector Electrical machinery and equipment manufacturing industry
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share 0.36 0.32 0.37
R&D expenditure as a % of operating revenue 5.71% 3.86% 4.60%
Operating Revenue 23,321.70 25,054.04 26,158.58
Net Income 702.25 572.74 587.89

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 23,321.70 25,054.04 26,158.58
Operating Costs 19,266.92 21,222.14 21,676.50
Operating Income 837.29 573.52 746.53
Pretax Income 869.81 713.90 763.28
Income Tax 167.57 141.15 175.39
Net Income 702.25 572.74 587.89

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 22,339.23 18,780.67 27,190.05
Non-current Assets-Total 14,152.01 10,826.94 9,753.99
Total Assets 36,491.23 29,607.61 36,944.03
Liabilities
Current Liabilities-Total 19,507.32 14,732.08 20,294.03
Non-current Liabilities-Total 4,285.49 2,833.34 5,268.51
Total Liabilities 23,792.81 17,565.42 25,562.54
Stockholder's Equity
Share Capital 10,989.97 10,892.37 10,845.45
Retained Profits 966.33 460.45 -94.99
Minority Interests 742.12 689.37 631.03
Total Owners' Equity 12,698.42 12,042.19 11,381.49

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 5,241.30 4,079.09 1,041.66
Net Cash Flows-Investing -5,199.64 -1,822.57 -2,471.15
Net Cash Flows-Financing 1,105.59 -2,515.78 -436.72

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Mr.GaoJifan 351.57 17.00%
Jiangsu Panji Investment Co., Ltd. 316.41 15.30%
Xingyin Growth Capital Management Co., Ltd. 310.96 15.04%
Hangzhou Hongyu Investment Management Co., Ltd. 105.47 5.10%
XinyuRongqi Investment Management Co., Ltd. 89.65 4.34%
DangtuXinshi Emerging Industry Fund  (Limited Partnership) 87.89 4.25%
Ningbo Meishan Bonded Port Area Jingmin Investment Co., Ltd. 84.20 4.07%
Zhuhai Qisheng Investment Management Co., Ltd. 59.77 2.89%
Trinagroup Investment Co.,Ltd. 45.34 2.19%
Shanghai Xingjing Investment Management Co. Ltd. 40.43 1.96%
 

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