PN
PN
Skycorp Solar Group LimitedIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $12.09M | $1.6M | $-32.88K | -0.27% | $-0 | $340.25K |
What's going well?
The company is generating over $12 billion in sales and is able to cover its operating costs with a small operating profit. There are no major one-time charges or debt costs weighing down results.
What's concerning?
Margins are very thin, and the company lost money overall despite a large revenue base. Overhead and operating expenses are high, leaving little room for profit.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $9.34M ▼ | $45.49M ▲ | $23.02M ▲ | $19.88M ▼ |
| Q2-2025 | $9.74M ▲ | $43.99M ▲ | $18.76M ▲ | $22.78M ▲ |
| Q4-2024 | $5.17M ▲ | $31.95M ▲ | $13.19M ▲ | $16.42M ▲ |
| Q2-2024 | $3.54M ▼ | $29.95M ▲ | $12.37M ▼ | $15.73M ▲ |
| Q4-2023 | $5.64M | $29.6M | $12.57M | $15.29M |
What's financially strong about this company?
The company has plenty of cash, low debt, and most assets are tangible and easy to value. Customers are prepaying for products, and there are no hidden risks or big lease obligations.
What are the financial risks or weaknesses?
Receivables and payables are rising faster than sales, suggesting slower collections and stretched payments. Equity and cash both fell this quarter, and working capital is getting tighter.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-32.88K | $-796.23K | $-1.56M | $4.73M | $0 | $-906.74K |
What's strong about this company's cash flow?
The company was able to raise $4,733,669 from financing activities, showing it can access outside funding when needed.
What are the cash flow concerns?
Operations are burning through large amounts of cash, with no sign of internal cash generation. The business is highly dependent on external funding, and working capital changes are draining even more cash.
5-Year Trend Analysis
A comprehensive look at Skycorp Solar Group Limited's financial evolution and strategic trajectory over the past five years.
Key strengths include robust revenue growth, a solid and expanding asset base, and a balance sheet that still features net cash and growing equity despite recent losses. PN has a differentiated technological foundation in solar components, backed by patents and in‑house manufacturing, and offers a wide range of solar and storage solutions. Its vision of integrating renewable power with high-performance computing and data centers taps into powerful long-term trends in clean energy and digital infrastructure. Recent improvements in cash generation and a strengthened cash position provide some financial flexibility to pursue this strategy.
Major risks center on profitability, cash flow consistency, and execution. Margins have deteriorated sharply, turning the company from profitable to loss-making even as revenue rises, suggesting that costs, pricing, or business mix are currently unfavorable. Cash flows from operations and free cash flow have been volatile, increasing reliance on external financing and raising questions about the sustainability of the current investment pace. Competitive and regulatory pressures in both solar and computing are intense, and PN’s plans to expand into new geographies and own power plants add capital intensity and operational complexity. Rising debt and working capital needs further heighten sensitivity to any prolonged period of weak earnings.
The outlook for PN is balanced between meaningful opportunity and elevated uncertainty. Structurally, it is positioned in attractive long-term markets—renewable energy, energy storage, electric mobility, and high-performance computing—and is investing to move up the value chain from components to integrated solutions and possibly power production. If management can stabilize margins, improve cost discipline, and turn its R&D and expansion efforts into profitable, recurring revenue streams, the business profile could strengthen considerably. In the nearer term, however, results may remain uneven as the company digests its recent investments, faces competitive pricing, and works to prove that its dual solar-plus-HPC strategy can deliver sustainable financial performance.
About Skycorp Solar Group Limited
https://www.skycorp.comSkycorp Solar Group Limited operates as a holding company. The Company, through its subsidiaries, manufactures and markets solar cables, connectors, energy storage systems, inverters, batteries, and AC modules.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $12.09M | $1.6M | $-32.88K | -0.27% | $-0 | $340.25K |
What's going well?
The company is generating over $12 billion in sales and is able to cover its operating costs with a small operating profit. There are no major one-time charges or debt costs weighing down results.
What's concerning?
Margins are very thin, and the company lost money overall despite a large revenue base. Overhead and operating expenses are high, leaving little room for profit.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $9.34M ▼ | $45.49M ▲ | $23.02M ▲ | $19.88M ▼ |
| Q2-2025 | $9.74M ▲ | $43.99M ▲ | $18.76M ▲ | $22.78M ▲ |
| Q4-2024 | $5.17M ▲ | $31.95M ▲ | $13.19M ▲ | $16.42M ▲ |
| Q2-2024 | $3.54M ▼ | $29.95M ▲ | $12.37M ▼ | $15.73M ▲ |
| Q4-2023 | $5.64M | $29.6M | $12.57M | $15.29M |
What's financially strong about this company?
The company has plenty of cash, low debt, and most assets are tangible and easy to value. Customers are prepaying for products, and there are no hidden risks or big lease obligations.
What are the financial risks or weaknesses?
Receivables and payables are rising faster than sales, suggesting slower collections and stretched payments. Equity and cash both fell this quarter, and working capital is getting tighter.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-32.88K | $-796.23K | $-1.56M | $4.73M | $0 | $-906.74K |
What's strong about this company's cash flow?
The company was able to raise $4,733,669 from financing activities, showing it can access outside funding when needed.
What are the cash flow concerns?
Operations are burning through large amounts of cash, with no sign of internal cash generation. The business is highly dependent on external funding, and working capital changes are draining even more cash.
5-Year Trend Analysis
A comprehensive look at Skycorp Solar Group Limited's financial evolution and strategic trajectory over the past five years.
Key strengths include robust revenue growth, a solid and expanding asset base, and a balance sheet that still features net cash and growing equity despite recent losses. PN has a differentiated technological foundation in solar components, backed by patents and in‑house manufacturing, and offers a wide range of solar and storage solutions. Its vision of integrating renewable power with high-performance computing and data centers taps into powerful long-term trends in clean energy and digital infrastructure. Recent improvements in cash generation and a strengthened cash position provide some financial flexibility to pursue this strategy.
Major risks center on profitability, cash flow consistency, and execution. Margins have deteriorated sharply, turning the company from profitable to loss-making even as revenue rises, suggesting that costs, pricing, or business mix are currently unfavorable. Cash flows from operations and free cash flow have been volatile, increasing reliance on external financing and raising questions about the sustainability of the current investment pace. Competitive and regulatory pressures in both solar and computing are intense, and PN’s plans to expand into new geographies and own power plants add capital intensity and operational complexity. Rising debt and working capital needs further heighten sensitivity to any prolonged period of weak earnings.
The outlook for PN is balanced between meaningful opportunity and elevated uncertainty. Structurally, it is positioned in attractive long-term markets—renewable energy, energy storage, electric mobility, and high-performance computing—and is investing to move up the value chain from components to integrated solutions and possibly power production. If management can stabilize margins, improve cost discipline, and turn its R&D and expansion efforts into profitable, recurring revenue streams, the business profile could strengthen considerably. In the nearer term, however, results may remain uneven as the company digests its recent investments, faces competitive pricing, and works to prove that its dual solar-plus-HPC strategy can deliver sustainable financial performance.
CEO
Weiqi Huang
Compensation Summary
(Year )
Ratings Snapshot
Rating : C+