Skycorp Solar Group (PN) Registration filing summary

Company overview and business model

• Principally engaged in manufacturing and selling solar cables and connectors, with additional offerings in new and used GPU and HPC servers through subsidiaries in China.

• Mission is to provide green energy solutions for data centers using solar power and to expand solar PV product offerings to enterprise HPC server customers.

• Operations are conducted through Ningbo Skycorp and its subsidiaries; the holding company is based in the Cayman Islands and does not generate revenue directly.

• Not subject to foreign investment restrictions in its industry and has obtained all requisite PRC licenses and approvals for current operations.

Financial performance and metrics

• Fiscal year ended September 30, 2025: revenue of $63.3M, net loss of $2.2M; prior year revenue was $49.9M with net income of $1.17M.

• 97.4% of 2025 revenue from solar PV products/services, 2.02% from HPC products; revenue share from Mainland China decreased from 80% to 62% year-over-year.

• Cash and cash equivalents as of September 30, 2025: $9.34M; total assets: $45.5M; total liabilities: $23.0M; shareholders' equity: $22.5M.

• Net cash provided by operating activities in 2025: $2.87M; net cash used in investing: $(4.8)M; net cash from financing: $8.2M.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as set forth in applicable prospectus supplements.