Brief Introduction

Arctech (SSE-STAR: 688408) is a leading manufacturer and supplier of intelligent solar trackers, fixed-tilt structures and BIPV systems for utility-scale and commercial solar PV projects worldwide. As of the end of 2020, the company had supplied over 32GW of tracking and racking systems to nearly 1,100 PV plants in 40 countries, thanks to its extensive marketing networks including its offices in China, Japan, India, the U.S., Spain, Australia, UAE, Mexico, Chile, Brazil, Vietnam and Argentina.

With innovation and a customer-first philosophy in its DNA, Arctech is committed to offering industry-leading solar trackers and best-in-class services to boost energy yield for solar power plants and maximize returns for investors. For more information, please visit

Company Overview

Full name Arctech Solar Holding Co., Ltd.
Abbreviations Arctech
Code 688408
Founded 2009-11-20
Listing 2020-08-28
Domicile Suzhou, Jiangsu
STAR Theme New Energy
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 2.52 1.59 0.96
R&D expenditure as a % of operating revenue 3.61% 3.57% 3.10%
Operating Revenue 3,128.60 2,281.77 2,073.50
Net Income 285.49 162.25 97.24

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 3,128.60 2,281.77 2,073.50
Operating Costs 2,477.04 1,730.06 1,647.61
Operating Income 341.24 127.70 93.99
Pretax Income 336.39 189.80 117.45
Income Tax 50.90 27.54 20.20
Net Income 285.49 162.26 97.25

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 4,203.95 2,063.17 2,002.63
Non-current Assets-Total 459.65 408.64 298.68
Total Assets 4,663.60 2,471.81 2,301.31
Current Liabilities-Total 2,122.21 1,536.38 1,538.16
Non-current Liabilities-Total 59.10 45.60 6.28
Total Liabilities 2,181.31 1,581.98 1,544.44
Stockholder's Equity
Share Capital 1874.25 567.20 566.40
Retained Profits 608.02 322.61 190.46
Minority Interests 0.01 0.01 0.01
Total Owners' Equity 2,482.28 889.82 756.87

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 407.84 253.02 100.02
Net Cash Flows-Investing -802.45 -20.31 -247.35
Net Cash Flows-Financing 1,277.92 -36.91 34.59

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
蔡浩 50.89 37.50%
苏州融博投资管理合伙企业(有限合伙) 8.43 6.21%
姜绪荣 6.39 4.71%
深圳市达晨财智创业投资管理有限公司-深圳市达晨创坤股权投资企业(有限合伙) 4.57 3.37%
陈耀民 4.22 3.11%
苏州中智万博投资管理合伙企业(有限合伙) 3.35 2.47%
宁波梅山保税港区绿沺投资有限公司 3.11 2.29%
吴俊保 2.04 1.50%
上海萃竹股权投资管理中心(有限合伙) 2.04 1.50%
安徽高新金通安益二期创业投资基金(有限合伙) 1.96 1.44%
As of 2021-04-16

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