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

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 38.7x which is higher than its 3-year average PE of 30.6x. The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.

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

Investors are most optimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average PE ratio of 44.4x. Analysts are expecting annual earnings growth of 29.6%, which is higher than its past year's earnings growth of 8.1% 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 29.0x.

Chinese (SSE) Electrical Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 20 Jun 2026	CN¥7.6t	CN¥2.8t	CN¥195.9b	59.6x	38.7x	2.7x
Mon, 18 May 2026	CN¥7.8t	CN¥2.8t	CN¥195.3b	64.7x	40.1x	2.8x
Wed, 15 Apr 2026	CN¥7.5t	CN¥2.6t	CN¥180.4b	55.8x	41.4x	2.9x
Fri, 13 Mar 2026	CN¥7.6t	CN¥2.6t	CN¥180.1b	60.1x	42.4x	3x
Sun, 08 Feb 2026	CN¥6.9t	CN¥2.5t	CN¥171.8b	58.2x	39.9x	2.7x
Tue, 06 Jan 2026	CN¥6.7t	CN¥2.5t	CN¥172.2b	51.5x	38.8x	2.6x
Thu, 04 Dec 2025	CN¥6.4t	CN¥2.5t	CN¥172.5b	48.5x	37x	2.5x
Sat, 01 Nov 2025	CN¥6.7t	CN¥2.5t	CN¥171.3b	51.2x	39x	2.6x
Mon, 29 Sep 2025	CN¥6.4t	CN¥2.4t	CN¥159.6b	52.9x	40.3x	2.6x
Wed, 27 Aug 2025	CN¥5.5t	CN¥2.4t	CN¥157.5b	49.5x	34.7x	2.3x
Fri, 25 Jul 2025	CN¥5.0t	CN¥2.4t	CN¥151.6b	44.5x	33.2x	2.1x
Sun, 22 Jun 2025	CN¥4.4t	CN¥2.4t	CN¥151.1b	38.5x	29x	1.8x
Tue, 20 May 2025	CN¥4.5t	CN¥2.4t	CN¥150.1b	40.1x	29.9x	1.9x
Thu, 17 Apr 2025	CN¥4.1t	CN¥2.3t	CN¥149.0b	35.8x	27.2x	1.8x
Sat, 15 Mar 2025	CN¥4.7t	CN¥2.3t	CN¥143.7b	42x	32.5x	2.1x
Mon, 10 Feb 2025	CN¥4.4t	CN¥2.3t	CN¥142.4b	37.8x	31.1x	2x
Wed, 08 Jan 2025	CN¥4.2t	CN¥2.2t	CN¥141.4b	35.7x	29.8x	1.9x
Fri, 06 Dec 2024	CN¥4.5t	CN¥2.2t	CN¥141.9b	37.2x	31.4x	2x
Sun, 03 Nov 2024	CN¥4.3t	CN¥2.2t	CN¥141.2b	34.8x	30.2x	1.9x
Tue, 01 Oct 2024	CN¥4.2t	CN¥2.1t	CN¥134.4b	32.5x	31.1x	2x
Thu, 29 Aug 2024	CN¥3.2t	CN¥2.1t	CN¥138.1b	25.7x	23.1x	1.5x
Sat, 27 Jul 2024	CN¥3.4t	CN¥2.1t	CN¥137.3b	28.3x	24.8x	1.6x
Mon, 24 Jun 2024	CN¥3.5t	CN¥2.1t	CN¥137.2b	29.9x	25.5x	1.7x
Wed, 22 May 2024	CN¥3.7t	CN¥2.1t	CN¥135.6b	32.2x	27.4x	1.8x
Fri, 19 Apr 2024	CN¥3.6t	CN¥2.1t	CN¥146.9b	29.6x	24.7x	1.7x
Sun, 17 Mar 2024	CN¥3.6t	CN¥2.1t	CN¥151.0b	31.8x	24.1x	1.7x
Tue, 13 Feb 2024	CN¥3.2t	CN¥2.2t	CN¥152.8b	25.5x	20.9x	1.5x
Thu, 11 Jan 2024	CN¥3.5t	CN¥2.2t	CN¥152.3b	33.9x	22.8x	1.6x
Sat, 09 Dec 2023	CN¥3.5t	CN¥2.1t	CN¥150.8b	33.1x	23.5x	1.7x
Mon, 06 Nov 2023	CN¥3.8t	CN¥2.1t	CN¥152.5b	33.6x	24.6x	1.8x
Wed, 04 Oct 2023	CN¥3.9t	CN¥2.1t	CN¥156.2b	34.2x	24.8x	1.8x
Fri, 01 Sep 2023	CN¥4.1t	CN¥2.1t	CN¥156.6b	34.6x	26.2x	1.9x
Sun, 30 Jul 2023	CN¥4.2t	CN¥2.1t	CN¥155.4b	36.2x	27.1x	2.1x
Tue, 27 Jun 2023	CN¥4.2t	CN¥2.0t	CN¥151.0b	36.8x	27.7x	2.1x


CN Market	4.67%
Industrials	3.48%
Electrical	4.58%
Electrical Components	4.81%
Heavy Electrical Equipment	2.91%

Company	Last Price	7D	1Y	Valuation
600522 Jiangsu Zhongtian Technology	CN¥56.55	16.4% +CN¥27.0b	318.3%	PE60.1x
002851 Shenzhen Megmeet Electrical	CN¥179.50	32.7% +CN¥25.6b	290.7%	PE677.8x
300014 EVE Energy	CN¥66.66	15.6% +CN¥19.5b	58.5%	PE32.3x
300870 Shenzhen Honor Electronic	CN¥380.06	38.8% +CN¥16.0b	377.8%	PE314.1x
301511 Jiujiang Defu Technology	CN¥160.90	16.4% +CN¥14.3b	853.8%	PE419.9x

Announcement • Jun 12

Sungrow Completes Extreme Safety Test Of SG510HX Utility String Inverter at 4,200-Meter-Altitude PV Plant

Sungrow recently announced that its SG510HX utility string inverter (SG465HX for the Middle East region, offering equivalent performance) successfully completed an extreme safety challenge at a 4,200-meter-altitude PV plant. Conducted under harsh high-altitude conditions, the test aims to identify the product's safety boundary and validate its capability to operate reliably across a wider range of application scenarios with higher standards. Sungrow has introduced an upgraded DC-side safety protection system featuring redundant shutdown mechanisms, full-coverage temperature sensing and monitoring, and all-condition lightning protection. Sungrow has pioneered the industry-first 'main and auxiliary mechanical switches with an electronic bypass' multi-layer redundant protection architecture. The main switch isolates DC-side faults within milliseconds, while the auxiliary switch can independently initiate rapid shutdown and support power-up safety self-checks. If both switches fail under extreme conditions, the system instantly triggers bypass conduction through the electronic switch, forming a low-impedance safety bypass for the fault current and maintaining robust protection. The inverter integrates an intelligent locking mechanism that automatically locks the main and auxiliary switches, proactively preventing human-error risks such as accidental closing or failure to disconnect. During the trial, engineers intentionally simulated both a reversed PV module connection and a mechanical switch failure. Without the redundant shutdown, a 5x backflow current surged back into the string, causing continuous overheating until ignition occurred. The inverter with Sungrow's redundant design responded instantly after the mechanical switch failed. The electronic switch rapidly provided a discharge path for the fault current, leaving both the PV modules and the inverter intact. Sungrow has embedded high-precision temperature sensors inside its inverters. With real-time NTC sampling and intelligent algorithms, the system actively identifies abnormal temperature rises. When an abnormality is detected, the system immediately issues a warning. If the temperature exceeds the threshold for a specified duration, the inverter automatically shuts down to cut off the fault risk at the source. During the trial, when testers intentionally created a loose terminal connection, Sungrow's inverter instantaneously detected the abnormal temperature rise and automatically shut down due to overtemperature. An inverter without temperature sensing and monitoring failed to respond after temperatures exceeded safe limits, causing smoke, fire, and the fire quickly spread to the vegetation laid on the nearby ground. Sungrow has pioneered all-condition lightning protection. By reinforcing the hardware design at lightning-vulnerable points, the technology provides reliable lightning protection during construction with switches open, grid-connected standby, and grid-connected operation. During the trial, Sungrow's inverter accurately conducts the simulated lightning current into the discharge channel and prevents interference with internal circuits. This technology has obtained CGC Level 4 certification. Sungrow has also adopted 24-hour insulation monitoring and MPPT-level fault localization technologies. These features enable early warnings of insulation faults as well as rapid fault positioning and troubleshooting, thus guaranteeing the safety of the PV plant throughout its entire life cycle. Sungrow has established a three-dimensional safety protection system - PDC model, including Prevent, Diagnose, Contain. This enables closed-loop management from source prevention, fault diagnosis, and accident containment, providing stronger safety assurance for PV plants while helping protect surrounding fragile ecosystems. All the above procedures were conducted under a professional fire protection testing environment, and no ecological damage was caused in the process.

Chinese (SSE) Electrical Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

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Now 20% undervalued after recent price drop

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