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 155,000 square meters of building. The company has employed 713 personnel, of which 30% have university degrees. There are also 11 Ph.D. degree holders and 37 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
STAR Theme New Materials
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.63 0.64 0.42
R&D expenditure as a % of operating revenue 5.05% 4.19% 3.96%
Operating Revenue 1,045.04 910.26 691.04
Net Income 176.98 143.08 88.88

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 1,045.04 910.26 691.04
Operating Costs 850.57 750.07 595.69
Operating Income 187.98 152.65 93.95
Pretax Income 204.67 164.10 101.00
Income Tax 27.69 21.02 12.12
Net Income 176.98 143.08 88.88

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 1,302.18 1,336.26 616.64
Non-current Assets-Total 879.62 719.25 700.78
Total Assets 2,181.81 2,055.51 1,317.41
Current Liabilities-Total 372.22 379.47 484.79
Non-current Liabilities-Total 59.89 63.95 220.47
Total Liabilities 432.11 443.41 705.26
Stockholder's Equity
Share Capital 1,335.47 1,329.16 472.44
Retained Profits 414.23 282.93 139.71
Total Owners' Equity 1,749.70 1,612.09 612.15

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 265.89 130.71 107.87
Net Cash Flows-Investing -3.73 -689.25 -8.01
Net Cash Flows-Financing -152.84 576.60 -8.80

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
金亚东 45.38 16.06%
陶春风 22.83 8.08%
陈文 10.32 3.65%
杭州南海成长投资合伙企业(有限合伙) 10.09 3.57%
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%
郑学明 6.96 2.46%
徐海鸥 6.96 2.46%
深圳同创锦绣资产管理有限公司-深圳同创锦程新三板投资企业(有限合伙) 6.84 2.42%
宁波天行者投资管理有限公司-宁波梅山保税港区天行者贰号股权投资基金管理合伙企业(有限合伙) 6.73 2.38%
31 Dec 2020

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