Company Quick10K Filing
Renesola
20-F 2019-12-31 Filed 2020-04-28
20-F 2018-12-31 Filed 2019-04-29
20-F 2017-12-31 Filed 2018-04-30
20-F 2016-12-31 Filed 2017-04-28
20-F 2015-12-31 Filed 2016-04-28
20-F 2014-12-31 Filed 2015-04-23
20-F 2013-12-31 Filed 2014-04-25
20-F 2012-12-31 Filed 2013-04-26
20-F 2011-12-31 Filed 2012-04-27
20-F 2010-12-31 Filed 2011-03-08
20-F 2009-12-31 Filed 2010-06-07

Renesola Financials

SOL Metrics, Comps, Filings

Quarterly | Annual

Business

Our predecessor, Zhejiang Fengding Construction Material Machinery Manufacturing Co., Ltd., or Fengding Construction, was established as a limited liability company in the PRC in 2003. Following a series of share transfers, Fengding Construction was renamed ReneSola Zhejiang in June 2005 and commenced the solar power business in July 2005.

ReneSola Ltd was incorporated as a limited liability company in the British Virgin Islands on March 17, 2006. Our choice of the British Virgin Islands as the jurisdiction of incorporation was motivated in part by its relatively well-developed body of corporate law, various tax and other incentives, and its acceptance among internationally recognized securities exchanges as a jurisdiction of incorporation for companies seeking to list securities on such exchanges. As we are a limited liability company under the laws of the British Virgin Islands, the liability of our shareholders to our company is limited to (i) any amount unpaid on a share held by the shareholder and (ii) any liability to repay a distribution by our company that was not made in accordance with the laws of the British Virgin Islands. Our principal executive offices are located at 7/F, Block B, Future Land Holdings Tower, No. 5, Lane 388, Zhongjiang Road, Putuo District, Shanghai, PRC. Our telephone number is +86 (21) 6280-9180. Our registered office is located at the offices of Harney Corporate Services Limited, Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands. Our agent for service of process in the United States is CT Corporation System, located at 111 Eighth Avenue, New York, New York 10011.

As of December 31, 2018, we conduct our business primarily through the following subsidiaries:


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Photronics (PLAB) 781 22% 4.7 4% 1,119 208 551 121 40 130 616
Smart Global Holdings (SGH) 757 19% 12.8 3% 783 511 1,090 207 21 67 850
CEVA (CEVA) 708 88% 334.6 -1% 294 45 59 52 -3 2 693
Ultra Clean (UCTT) 580 18% 13.9 0% 993 536 780 140 2 30 421
nLight (LASR) 576 33% 359.8 -1% 255 34 180 59 -2 1 437
Ichor (ICHR) 571 14% 25.5 1% 507 300 431 60 3 28 722
Renesola (SOL) 442 0% 378 253 0 0 0 0 433
Magnachip Semiconductor (MX) 351 22% -27.3 -8% 588 622 772 171 -48 -19 523
DSP Group (DSPG) 349 51% -539.9 -1% 203 51 88 45 -1 -1 330
NVE (NVEC) 346 80% 19.7 17% 82 1 25 20 14 17 332
Alpha & Omega Semiconductor (AOSL) 306 24% 41.0 0% 750 312 454 110 0 7 286
NeoPhotonics (NPTN) 302 23% 256.9 -8% 325 175 345 80 -26 1 278
Adesto Technologies (IOTS) 264 47% -12.6 -15% 174 110 118 55 -26 -18 226
Applied Optoelectronics (AAOI) 223 23% -7.7 -8% 484 182 200 45 -39 -26 199
GSI Technology (GSIT) 188 63% 69.6 0% 109 13 52 33 0 2 142
AXT (AXTI) 150 31% 29.6 -0% 218 26 87 27 -1 4 122
Pixelworks (PXLW) 147 52% -47.3 -9% 68 17 73 38 -6 -3 132
Everspin Technologies (MRAM) 107 47% -10.3 -33% 35 17 28 13 -12 -10 100
Resonant (RESN) 93 0% -3.7 -92% 24 8 0 0 -22 -21 78
Emcore (EMKR) 88 17% -2.3 -33% 110 33 87 15 -36 -29 66

Balance Sheet ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash93871003837139
Accounts Receivable217237126118732334
Inventory255360357193144
PP&E1,1761,0861,1131,063967155191
Assets2,0582,1401,6691,3461,088336378
Accounts Payable4836564613002232612
Long-Term Debt95
Liabilities1,6941,9711,5341,2341,022245253
Stockholders' Equity364169135112669091
Income Statement ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income
Cash Flow ($MM)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating
Cash Investing
Cash Financing