Company Analysis

PN Smart Energy Limited (PN)

Nasdaq: PN · Wholesale-Computers & Peripheral Equipment & Software · Zhejiang Province, CN · filing with the SEC since 2023
Grade4.8
◀ Past 3.2● Present 4.3▶ Future 6.8
2 est.

The grade of PN Smart Energy Limited

Nine metrics read from its own filings, by tense
Headline grade
4.8/10
◀ Past3.225% of the headline
● Present4.345% of the headline
▶ Future6.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.2/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.5/10

Has it survived what it has been through?

1 warning event since 2023; the latest 2026-02-02.

weight 45% of this tense · 25th percentile among 8 sector filers · read for itself

From the record

PN Smart Energy Limited's filings since 2023 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2026-02-02) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.3/10

What has it actually done, year after year?

+11.6% a year over 3 filed years; profitable in 2 of 3.

weight 33% of this tense · 53rd percentile among 8 sector filers · read for its customers

From the record

PN Smart Energy Limited's 3 filed years say what it did: revenue went from $51 million in fiscal 2023 to $63 million in fiscal 2025, up 11.6% a year; it rose in 1 of 2 years; the deepest fall was 2% from fiscal 2023 to fiscal 2024; net income was positive in 2 of 3 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span11.6%top 19% of its family
  • the share of years revenue rosebottom 31% of its family
  • the share of filed years with a profitbottom 6% of its family
  • the deepest fall from a revenue peak1.9%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
1.3/10

How has it treated the people who own it?

Share count grew 2.3% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 13th percentile among 7 sector filers · read for its shareholders

From the record

Over the 2 fiscal years to 2025-09-30, PN Smart Energy Limited's diluted share count grew about 2.3% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 19% of its family
  • cash returned against operating cash flowbottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.3/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.4/10

Is it financially healthy right now?

ROE -12%: lost 12¢ per shareholder dollar. Leverage 51%: owes 51¢ per asset dollar.

weight 33% of this tense · 34th percentile among 8 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-09-30, PN Smart Energy Limited lost about 12 cents for every dollar of shareholders' money, and gross profitability: its products earned about 14 cents per dollar of everything the company owns. Leverage: it owed about 51 cents per dollar of assets, and net share issuance: its share count grew 4.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 44% of its family
  • return on equitybottom 19% of its family
  • gross profit against assetsbottom 31% of its family
  • the share count against the year beforebottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.4/10

How strong is its position in its industry?

bottom 44% of 8 in its family; net margin -4.3%.

weight 45% of this tense · 44th percentile among 8 sector filers · read for its customers

From the record

PN Smart Energy Limited's standing among 8 graded names in its industry family: revenue of $63 million in fiscal 2025 ranks in the bottom 19% by size; a net margin of -4.3% ranks in the bottom 19%; revenue growth of 11.6% a year over the last 2 filed years ranks in the top 6% (its annual reports).

What it rests on

  • revenue against the family$63.3Mbottom 19% of its family
  • net margin-4.3%bottom 19% of its family
  • three-year revenue growth11.6%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.4/10

What are the people in charge doing?

SI estimate 5.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 5 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-06 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 5 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-06 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 5 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: PN Smart Energy Limited's leadership is put at 5.4 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-06 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 5 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.8/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
6.7/10

How much room does it have to grow?

top 33% of 8 in its family for room to expand.

weight 33% of this tense · 67th percentile among 8 sector filers · read for itself

From the record

PN Smart Energy Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $11 million against no long-term debt tagged leaves 25.2% of its assets as net cash, top 6% of its family; cash from operations less capital spending is 3.8% of revenue (top 6%); a gross margin of 10% (bottom 31%); research spending of 2.7% of revenue (top 50%) (its annual report).

What it rests on

  • cash less debt against assets25.2%top 6% of its family
  • cash from operations less capital spending against revenue3.8%top 6% of its family
  • gross margin10.0%bottom 31% of its family
  • research spending against revenue2.7%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.7/10

What could actually drive growth from here?

top 23% of 8 in its family for growth drivers.

weight 33% of this tense · 77th percentile among 8 sector filers · read for its customers

From the record

PN Smart Energy Limited's growth drivers, from the filed years to fiscal 2025: revenue grew 11.6% a year over the last three filed years against 11.6% over all 3, speeding up (top 19% of its family); the newest year grew 27% (top 19%); research spending grew 66.3% a year (top 50%); capital spending grew 23.8% a year (top 6%) (its annual reports). PN Smart Energy Limited reported 4 product lines in fiscal 2025: Solar PV Products at $62 million (97%), High Performance Computing Products at $1 million (2%), Other at $386 thousand (1%), and 1 more; 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 19% of its family
  • the newest year's revenue growth27.0%top 19% of its family
  • three-year growth of research spending66.3%top 50% of its family
  • three-year growth of capital spending23.8%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
6.0/10

Did its newest year beat what its own record pointed to?

SI estimate 6.0/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 7 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 7 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 7 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: PN Smart Energy Limited's expectations vs reality is put at 6.0 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 7 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PN · research, not advice