Narrative Update • May 18
Have your own idea? Try our Stock Screener
Chinese (SSE) Heavy Electrical Equipment Industry Analysis
UpdatedMay 20, 2026
DataAggregated Company Financials
Companies55
- 7D-1.0%
- 3M2.9%
- 1Y58.8%
- YTDn/a
Over the last 7 days, the Heavy Electrical Equipment industry has dropped 2.8%, driven by pullbacks in China XD Electric and Goldwind Science&Technology of 8.3% and 6.8%, respectively. In contrast, Hainan Jinpan Smart Technology has gained 15%. In the past year, the industry has gained 58%. Looking forward, earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the Chinese Heavy Electrical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 May 2026 | CN¥1.1t | CN¥442.8b | CN¥21.2b | 56.8x | 50.4x | 2.4x |
| Fri, 17 Apr 2026 | CN¥1.1t | CN¥427.9b | CN¥18.3b | 50.9x | 57.6x | 2.5x |
| Sun, 15 Mar 2026 | CN¥1.2t | CN¥411.8b | CN¥16.8b | 58.1x | 68.6x | 2.8x |
| Tue, 10 Feb 2026 | CN¥1.0t | CN¥405.0b | CN¥17.4b | 49.4x | 59.3x | 2.5x |
| Thu, 08 Jan 2026 | CN¥944.0b | CN¥406.3b | CN¥17.6b | 48x | 53.8x | 2.3x |
| Sat, 06 Dec 2025 | CN¥873.4b | CN¥411.9b | CN¥17.9b | 47.2x | 48.8x | 2.1x |
| Mon, 03 Nov 2025 | CN¥855.2b | CN¥409.7b | CN¥17.6b | 46.8x | 48.6x | 2.1x |
| Wed, 01 Oct 2025 | CN¥853.0b | CN¥395.0b | CN¥17.0b | 44x | 50.1x | 2.2x |
| Fri, 29 Aug 2025 | CN¥752.5b | CN¥382.1b | CN¥15.7b | 40.7x | 47.8x | 2x |
| Sun, 27 Jul 2025 | CN¥686.2b | CN¥371.0b | CN¥15.8b | 38.2x | 43.5x | 1.8x |
| Tue, 24 Jun 2025 | CN¥643.3b | CN¥370.3b | CN¥15.7b | 35.6x | 41.1x | 1.7x |
| Thu, 22 May 2025 | CN¥644.3b | CN¥367.8b | CN¥15.0b | 33.7x | 43x | 1.8x |
| Sat, 19 Apr 2025 | CN¥620.3b | CN¥359.5b | CN¥16.3b | 33.6x | 38x | 1.7x |
| Mon, 17 Mar 2025 | CN¥672.7b | CN¥355.7b | CN¥16.0b | 34.4x | 42.1x | 1.9x |
| Wed, 12 Feb 2025 | CN¥636.3b | CN¥348.1b | CN¥15.1b | 29.4x | 42.1x | 1.8x |
| Fri, 10 Jan 2025 | CN¥631.0b | CN¥340.1b | CN¥14.4b | 31.3x | 43.9x | 1.9x |
| Sun, 08 Dec 2024 | CN¥689.9b | CN¥340.4b | CN¥14.6b | 32.7x | 47.4x | 2x |
| Tue, 05 Nov 2024 | CN¥685.2b | CN¥340.5b | CN¥14.4b | 35.7x | 47.7x | 2x |
| Thu, 03 Oct 2024 | CN¥671.7b | CN¥335.3b | CN¥14.5b | 30.9x | 46.3x | 2x |
| Sat, 31 Aug 2024 | CN¥560.0b | CN¥337.9b | CN¥15.5b | 25x | 36.1x | 1.7x |
| Mon, 29 Jul 2024 | CN¥581.7b | CN¥336.0b | CN¥14.0b | 26.7x | 41.6x | 1.7x |
| Wed, 26 Jun 2024 | CN¥579.2b | CN¥335.9b | CN¥14.0b | 26.3x | 41.4x | 1.7x |
| Fri, 24 May 2024 | CN¥597.0b | CN¥338.0b | CN¥12.3b | 27.4x | 48.6x | 1.8x |
| Sun, 21 Apr 2024 | CN¥603.0b | CN¥330.6b | CN¥14.9b | 27.6x | 40.6x | 1.8x |
| Tue, 19 Mar 2024 | CN¥610.8b | CN¥326.5b | CN¥14.7b | 30.7x | 41.6x | 1.9x |
| Thu, 15 Feb 2024 | CN¥534.3b | CN¥324.1b | CN¥14.4b | 26x | 37.1x | 1.6x |
| Sat, 13 Jan 2024 | CN¥585.0b | CN¥321.9b | CN¥14.1b | 31.8x | 41.5x | 1.8x |
| Mon, 11 Dec 2023 | CN¥583.3b | CN¥314.4b | CN¥14.1b | 31.4x | 41.4x | 1.9x |
| Wed, 08 Nov 2023 | CN¥630.8b | CN¥332.2b | CN¥15.4b | 31.7x | 41x | 1.9x |
| Fri, 06 Oct 2023 | CN¥632.9b | CN¥324.1b | CN¥17.2b | 30.4x | 36.8x | 2x |
| Sun, 03 Sep 2023 | CN¥639.0b | CN¥323.5b | CN¥17.0b | 29.9x | 37.6x | 2x |
| Tue, 01 Aug 2023 | CN¥692.7b | CN¥310.8b | CN¥18.2b | 33.1x | 38.1x | 2.2x |
| Thu, 29 Jun 2023 | CN¥662.0b | CN¥307.2b | CN¥17.9b | 34.9x | 37x | 2.2x |
| Sat, 27 May 2023 | CN¥675.7b | CN¥304.7b | CN¥17.9b | 36.1x | 37.8x | 2.2x |
Price to Earnings Ratio
37.8x
Current Industry PE
- Investors are optimistic on the Chinese Heavy Electrical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 49.6x which is higher than its 3-year average PE of 44.2x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Heavy Electrical Equipment industry have grown 5.8% per year over the last three years.
- Revenues for these companies have grown 13% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Chinese Heavy Electrical Equipment compare with similar industries?
| CN Market | -1.09% | |
| Industrials | -1.22% | |
| Electrical | -0.37% | |
| Heavy Electrical Equipment | -1.03% | |
| Electrical Components | -0.26% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 002169 Guangzhou Zhiguang ElectricLtd | CN¥17.89 | 26.5% +CN¥2.9b | 172.3% | PE70.5x | |
| 300222 CSG Smart Science&TechnologyLtd | CN¥15.06 | 16.3% +CN¥1.6b | 46.4% | PE134.8x | |
| 688676 Hainan Jinpan Smart Technology | CN¥102.20 | 2.8% +CN¥1.3b | 213.3% | PE70.6x | |
| 688411 Beijing HyperStrong Technology | CN¥265.19 | 2.6% +CN¥1.2b | 272.9% | PE45x | |
| 002531 Titan Wind Energy (Suzhou)Ltd | CN¥11.81 | 2.9% +CN¥593.0m | 79.8% | PS4.1x |