PN Smart Energy Limited, through its subsidiaries, designs, develops, manufactures, and sells solar PV products and solar power system solution services in ...
PN Smart Energy Limited (Nasdaq: PN) is a clean-energy and power-systems focused company whose operations span both solar infrastructure and certain technology hardware categories. The firm was formerly known as Skycorp Solar Group Limited and, effective June 12, 2026, changed its name to PN Smart Energy Limited. Its roots trace ...PN Smart Energy Limited (Nasdaq: PN) is a clean-energy and power-systems focused company whose operations span both solar infrastructure and certain technology hardware categories. The firm was formerly known as Skycorp Solar Group Limited and, effective June 12, 2026, changed its name to PN Smart Energy Limited. Its roots trace back to Skycorp Solar Group, which was founded in 2011 and is headquartered in Ningbo, China.
Business model and segments: The company operates through two main segments: (1) Solar PV Products and (2) High Performance Computing Products. In solar, it provides components and system-level solutions used in photovoltaic (PV) installation and application. Key product categories include solar cables and connectors, as well as hybrid energy storage systems—such as hybrid inverters and energy storage batteries—intended to pair generation with storage for improved power reliability and flexibility.
In HPC, PN Smart Energy also supplies high-performance computing servers and related accessories. The description indicates sales of both new and used GPU (graphics processing unit) and HPC servers, as well as accessories such as mobile data centers, power supply units, server fans, and control boards. This dual-segment approach suggests the company leverages manufacturing/supply-chain capabilities and customer demand across clean energy infrastructure and performance computing hardware.
Geographic footprint: The company serves customers in Mainland China, the rest of Asia, and internationally, reflecting both regional solar deployment and broader export-oriented product distribution.
Costs and BOM/operations perspective: While detailed bill-of-materials (BOM) and cost breakdowns are not provided in the supplied data, the nature of its offerings implies component-driven cost structures typical for solar and storage equipment (e.g., cables/connectors, inverter/energy storage modules, and associated electronics) and technology hardware procurement and configuration typical for HPC servers (e.g., compute components, power/thermal systems, and chassis/integration parts). Working capital metrics and inventory/receivable days in the dataset further indicate an operating cycle that is actively managed through supply and customer contracting.
Financial and valuation context (from provided snapshot metrics): The provided trailing-twelve-month (TTM) valuation and performance snapshot shows a relatively small market capitalization (on the order of a few million USD). Profitability indicators in the dataset appear negative (e.g., negative operating/net margins and negative returns on assets/equity), along with negative free cash flow-related yields, which is consistent with companies investing through growth phases or experiencing margin pressure. Liquidity measures such as a current ratio above 1 (TTM current ratio ~1.5) suggest near-term cover for obligations, though cash flow generation is an ongoing focus.
Key people and governance: Weiqi Huang serves as Chief Executive Officer. Management leadership has publicly commented on the company’s strategic evolution alongside the renaming and expansion activities.
Overall, PN Smart Energy Limited positions itself as a provider of solar PV products and energy storage-enabled power solutions, while maintaining a second technology-oriented revenue stream through HPC servers and accessories—an approach that may diversify demand drivers but also requires careful execution across two distinct manufacturing and supply-chain ecosystems.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$63.3M
+27.0%
-71.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-2.7M
-672.4%
+71.5%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+10.0%
-24.1%
-0.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-4.0%
-279.0%
+0.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-4.3%
-550.8%
+0.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$2.4M
+97.8%
+72.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+3.7%
+55.8%
+4.7%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
29.3%
+67.1%
+55.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.59x
-20.1%
-0.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
