Chinese (SSE) Electrical Industry Analysis

Industry Valuation and Performance

Has the Chinese Electrical Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 14 May 2026	CN¥8.1t	CN¥2.8t	CN¥195.3b	66.9x	41.6x	2.9x
Sat, 11 Apr 2026	CN¥7.3t	CN¥2.6t	CN¥180.5b	54.6x	40.2x	2.8x
Mon, 09 Mar 2026	CN¥7.3t	CN¥2.5t	CN¥171.7b	61.1x	42.6x	2.9x
Wed, 04 Feb 2026	CN¥6.9t	CN¥2.5t	CN¥171.8b	59x	40x	2.7x
Fri, 02 Jan 2026	CN¥6.6t	CN¥2.5t	CN¥172.2b	50.9x	38.2x	2.6x
Sun, 30 Nov 2025	CN¥6.4t	CN¥2.5t	CN¥172.5b	49.1x	37.4x	2.5x
Tue, 28 Oct 2025	CN¥6.6t	CN¥2.5t	CN¥169.6b	51.1x	38.7x	2.6x
Thu, 25 Sep 2025	CN¥6.4t	CN¥2.4t	CN¥159.5b	52.8x	40.4x	2.6x
Sat, 23 Aug 2025	CN¥5.4t	CN¥2.4t	CN¥157.1b	49.4x	34.2x	2.2x
Mon, 21 Jul 2025	CN¥4.9t	CN¥2.4t	CN¥151.4b	44.2x	32.1x	2x
Wed, 18 Jun 2025	CN¥4.5t	CN¥2.4t	CN¥151.0b	40x	29.5x	1.9x
Fri, 16 May 2025	CN¥4.5t	CN¥2.4t	CN¥150.1b	39.9x	29.8x	1.9x
Sun, 13 Apr 2025	CN¥4.1t	CN¥2.3t	CN¥145.6b	35.6x	27.9x	1.8x
Tue, 11 Mar 2025	CN¥4.6t	CN¥2.3t	CN¥143.6b	40.9x	32.1x	2x
Thu, 06 Feb 2025	CN¥4.3t	CN¥2.2t	CN¥141.8b	35.6x	30.1x	1.9x
Sat, 04 Jan 2025	CN¥4.2t	CN¥2.2t	CN¥141.4b	33.6x	29.4x	1.9x
Mon, 02 Dec 2024	CN¥4.5t	CN¥2.2t	CN¥141.7b	36.4x	31.4x	2x
Wed, 30 Oct 2024	CN¥4.2t	CN¥2.1t	CN¥135.7b	34.8x	31x	2x
Fri, 27 Sep 2024	CN¥3.5t	CN¥2.1t	CN¥134.4b	27.5x	26.1x	1.7x
Sun, 25 Aug 2024	CN¥3.2t	CN¥2.1t	CN¥139.4b	25.5x	22.9x	1.5x
Tue, 23 Jul 2024	CN¥3.4t	CN¥2.1t	CN¥137.3b	28.7x	24.9x	1.6x
Thu, 20 Jun 2024	CN¥3.6t	CN¥2.1t	CN¥137.2b	31.3x	26.1x	1.7x
Sat, 18 May 2024	CN¥3.8t	CN¥2.1t	CN¥137.7b	32.3x	27.3x	1.8x
Mon, 15 Apr 2024	CN¥3.6t	CN¥2.1t	CN¥146.5b	30.4x	24.5x	1.7x
Wed, 13 Mar 2024	CN¥3.7t	CN¥2.1t	CN¥151.0b	31.6x	24.3x	1.7x
Fri, 09 Feb 2024	CN¥3.2t	CN¥2.2t	CN¥152.6b	25.7x	20.9x	1.5x
Sun, 07 Jan 2024	CN¥3.5t	CN¥2.1t	CN¥152.2b	34.1x	22.9x	1.6x
Tue, 05 Dec 2023	CN¥3.6t	CN¥2.1t	CN¥150.7b	34.1x	23.8x	1.7x
Thu, 02 Nov 2023	CN¥3.7t	CN¥2.1t	CN¥154.2b	33.6x	24.3x	1.8x
Sat, 30 Sep 2023	CN¥3.9t	CN¥2.1t	CN¥156.2b	34.2x	24.8x	1.8x
Mon, 28 Aug 2023	CN¥3.9t	CN¥2.1t	CN¥158.8b	33.3x	24.8x	1.9x
Wed, 26 Jul 2023	CN¥4.2t	CN¥2.0t	CN¥151.6b	36.4x	27.8x	2.1x
Fri, 23 Jun 2023	CN¥4.2t	CN¥2.0t	CN¥151.0b	37.3x	27.8x	2.1x
Sun, 21 May 2023	CN¥4.3t	CN¥2.0t	CN¥150.7b	36.4x	28.5x	2.1x

Current Industry PE

Investors are optimistic on the Chinese Electrical industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 41.6x which is higher than its 3-year average PE of 30.2x.

The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.9x.

Past Earnings Growth

The earnings for companies in the Electrical industry have grown 9.0% per year over the last three years.
Revenues for these companies have grown 12% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Chinese Industrials industry?


CN Market	3.53%
Industrials	3.11%
Electrical	1.28%
Heavy Electrical Equipment	4.02%
Electrical Components	0.86%

Industry PE

Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 44.1x.

Analysts are expecting annual earnings growth of 29.5%, which is higher than its past year's earnings growth of 7.2% per year.

Investors are most pessimistic about the Electrical Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 28.6x.

Forecasted Growth

Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 30% over the next 5 years.
This is better than its past earnings growth rate of 7.2% per year.

In contrast, the Electrical Components industry is expected to see its earnings grow by 26% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
600522 Jiangsu Zhongtian Technology	CN¥44.10	14.9% +CN¥19.4b	221.4%	PE46.9x
601126 Beijing Sifang AutomationLtd	CN¥74.08	22.2% +CN¥11.2b	342.3%	PE71.9x
300001 Qingdao TGOOD Electric	CN¥37.29	21.6% +CN¥6.9b	63.9%	PE31.2x
600406 NARI Technology	CN¥27.27	3.1% +CN¥6.6b	19.4%	PE26.2x
002851 Shenzhen Megmeet Electrical	CN¥133.15	8.3% +CN¥5.9b	186.3%	PE502.7x

Company

Last Price

Valuation

600522 Jiangsu Zhongtian Technology

CN¥44.10

14.9%
+CN¥19.4b

221.4%

PE46.9x

601126 Beijing Sifang AutomationLtd

CN¥74.08

22.2%
+CN¥11.2b

342.3%

PE71.9x

300001 Qingdao TGOOD Electric

CN¥37.29

21.6%
+CN¥6.9b

63.9%

PE31.2x

600406 NARI Technology

CN¥27.27

3.1%
+CN¥6.6b

19.4%

PE26.2x

002851 Shenzhen Megmeet Electrical

CN¥133.15

8.3%
+CN¥5.9b

186.3%

PE502.7x

Sungrow Power Completes World's First Large-Scale Full-Condition Grid-Forming Extreme Test

Sungrow, the globally leading PV inverter and energy storage system provider, successfully completed the world's first large-scale grid-forming full-scenario validation. The program covered 14 scenarios over 138 hours and was independently witnessed and verified by TÜV Rheinland. All results met multiple international standards, confirming reliable operation under complex grid conditions. As global power systems rapidly transition toward high shares of renewable energy, grid stability is becoming a critical challenge. The test base features a world-leading 30MW grid simulation platform, along with the real short-circuit capacity regulation equipment and advanced arc-fault testing devices, enabling the replication of complex and extreme grid conditions at full scale. These tests align with grid codes and requirements across major global markets, including Europe, Australia, and China, addressing growing challenges related to grid stability and high renewable penetration worldwide. A short-circuit test was conducted using real arc-fault equipment to simulate the most severe fault conditions. Under identical fault scenarios, the grid-forming system remained connected and continuously supplied fault current, while conventional systems are more likely to disconnect. Response time as fast as 10 ms. Stable and continuous fault current contribution. Strong fault ride-through capability. Compared with conventional grid-following systems, which may lose stability under the same disturbance, Sungrow's solution maintained continuous operation and restored frequency stability within milliseconds. Millisecond-level response to frequency deviations. Stable operation under sudden disturbances. Improved system resilience in weak grids. In a full blackout test, all external power was disconnected from the site. During this test, Sungrow's grid-forming PCS (Power Conversion System) established system voltage within 19 seconds, then successfully restarted the entire facility, restoring loads and infrastructure without external support. Faster restoration. GW-scale black-start capability. Virtually no circulation current. In addition to the three tests mentioned above, another eleven tests including on/off-grid switching, load switching, and oscillation damping were also successfully completed. As demand for grid-forming technologies continues to grow, validating their real-world performance is becoming increasingly important. Reliance solely on digital power system simulations is not sufficient, while live testing provides more reliable and real validation. Sungrow has built a 30 MW large-scale simulation platform and conducted 14 comprehensive real-world extreme test scenarios. These results demonstrate grid-forming capabilities and mark a critical step toward the large-scale deployment of grid-forming technologies. Sungrow will continue to advance the development of evaluation frameworks and industry standards, supporting broader adoption and enabling more stable, resilient power systems worldwide.

Chinese (SSE) Electrical Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Contemporary Amperex Technology Co., Limited (SZSE:300750) agreed to acquire 38.08% stake in VNET Group, Inc. (NasdaqGS:VNET) from Shandong Hi-Speed Holdings Group Limited (SEHK:412) for approximately $940 million.

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 22%

Investor sentiment deteriorates as stock falls 16%

New major risk - Share price stability

Dividend of CN¥0.23 announced

Dividend increased to CN¥0.13

Investor sentiment improves as stock rises 23%

Consensus EPS estimates fall by 13%

Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) entered into a binding Scheme Implementation Deed to acquire Atlantic Lithium Limited (AIM:ALL) from Assore International Holdings Limited for approximately $200 million.

Consensus EPS estimates increase by 55%

002202: New Buyback And Dividend Framework Will Support A Steady Outlook

First quarter 2026 earnings: EPS and revenues miss analyst expectations

Sungrow Power Completes World's First Large-Scale Full-Condition Grid-Forming Extreme Test

Far East Smarter Energy Co., Ltd. announced that it expects to receive CNY 2 billion in funding

Full year 2025 earnings: EPS and revenues miss analyst expectations