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ReneSola(SOL)

 
123Jump Rating: - Value Gap   Underwriters: Credit Suisse First Boston
      Deutsche Bank Sec.
Status: Priced  
 
Address: No. 8 Baoqun Road, YaoZhuang Jiashan,
FiledDate: 01/09/2008
  Zhejiang 314117
   
  China
Filed Price Range ($): $15.30
       
Telephone: 86-573- 8477-3058 Filed Offer Amount ($ Million): $175.90
       
Fax: Shares Offered (Millions): 10
       
Websites: www.renesola.com Shares Outstanding (Millions): 119.8
       
Management: Charles Bai, CFO
IPO Date: 01/28/2008
  Cheng Ye, COO
   
  Panjian Li, VP
Final Offer Price ($): $13.00
       
Industry: Energy Final Offer Size (Millions of Shares): 10.00
       
Employees: 2,925 Final Offer Amount ($ Million): $130.00
       
Competitors: LDK Solar Co.
S-1 Forms:
     
   
       
     
     
     
       
 
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Major Stock Holders   (Prior To Offering)

Name

Class A
Ruixin Holdings Limited 39.40%
Xianshou Li 39.40%
Yuncai Holdings Limited 20.30%
Yuncai Wu 20.30%
Zhengmin Lian 13.80%

Major Stock Holders  (After Offering)

Name

Common Stock Class A Class B Class C Class L ADS
Ruixin Holdings Limited 0% 32.50% 0% 0% 0% 0%
Xianshou Li 0% 32.50% 0% 0% 0% 0%
Yuncai Holdings Limited 0% 16.70% 0% 0% 0% 0%
Yuncai Wu 0% 16.70% 0% 0% 0% 0%
Zhengmin Lian 0% 11.30% 0% 0% 0% 0%

Income Data 
Year Revenues Costs Oper Income Taxes Net Income EPS
2005 0.00 809,316 601,470 617,352 1,190,865 0.02
2006 0.00 2,489,899 22,235,200 2,720,601 25,300,799 0.32
2007 0.00 3,101,421 15,000,347 176,664 12,689,307 0.13
*As of period ended June 30, 2007

Balance Sheet Data

Year

Cash Acct Recv. Inventory Total Cur Assets Total Cur Liability PPE Total Assets LT Debt SH Equity
2005 404,139 185,793 3,232,913 6,769,410 7,315,888 2,426,435 10,059,402 0.00 2,702,515
2006 9,861,698 693,483 44,775,370 89,364,900 55,981,903 19,907,593 128,585,563 0.00 72,540,732
2007 67,903,718 461,015 75,325,045 209,021,762 93,824,652 50,045,992 308,234,786 0.00 87,311,995
*As of period ended June 30, 2007

Cash Flow Summary

Year

Net Cash-Ops Net Cash-Inv Net Cash-Fin Net Change
2005 1,081,858 -2,236,737 1,499,401 364,565
2006 -15,498,903 -32,204,585 57,218,271 9,457,559
2007 -55,202,690 -51,399,967 163,339,991 58,042,020
*As of period ended June 30, 2007
 

 

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