A-Share Listed High and Low Voltage Equipment Companies - Profiles and Financial Data
Electrical equipment includes generator, transformers, circuits and circuit breakers in the electrical system. They can be classified into high-voltage equipment and low-voltage equipment. High-voltage equipment is 1000v or above while low-voltage equipment is 1000v below.
Steel and non-ferrous metal are major materials in the electrical equipment manufacturing industry. In recent years, material costs have been reduced given lower material prices. However, the industry is still faced with increasing labor costs, land costs and other operational costs.
In 2015, completed investment in power generation projects were CNY 364.6 billion, down by 1.91% YOY. The investment in the development of hydro-power, thermal power and nuclear power were CNY 96 billion, CNY 95.2 billion and CNY 56.9 billion, down by 22.95%, 2.46% and 6.57% YOY, respectively. Newly installed capacity was 103.5 million kw, increasing by 10.11% YOY. During the same period, completed investment in power grid was CNY 411.8 billion, a YOY increase of 5.75%, forming a strong support for the demand for major power transmission and transformation products.
In 2015, the power generation efficiency fell slightly and the growth of the demand for power slowed down. Total consumption of power was 5.55 trillion kwh, up by 0.5% YOY. The utilization of power generation facilities declined due to slowed growth of power demand. Accumulated average utilization time of facilities at plants of 6,000 kw and above was 3,969 hours, down by 349 hours YOY. Weaker demand for power will affect the demand for electrical equipment.
According to CRI analysis, China's high voltage equipment and low voltage equipment industry will keep growing in the next few years. In the time of energy scarcity, the development of power generation is prioritized. If supply is sufficient, industries closer to the user end will develop faster and achieve greater added value.
In this report, CRI analyzes 17 high voltage equipment and low voltage equipment manufacturers listed in A-share market in China.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1) financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
(1) Financial Indexes
Steel and non-ferrous metal are major materials in the electrical equipment manufacturing industry. In recent years, material costs have been reduced given lower material prices. However, the industry is still faced with increasing labor costs, land costs and other operational costs.
In 2015, completed investment in power generation projects were CNY 364.6 billion, down by 1.91% YOY. The investment in the development of hydro-power, thermal power and nuclear power were CNY 96 billion, CNY 95.2 billion and CNY 56.9 billion, down by 22.95%, 2.46% and 6.57% YOY, respectively. Newly installed capacity was 103.5 million kw, increasing by 10.11% YOY. During the same period, completed investment in power grid was CNY 411.8 billion, a YOY increase of 5.75%, forming a strong support for the demand for major power transmission and transformation products.
In 2015, the power generation efficiency fell slightly and the growth of the demand for power slowed down. Total consumption of power was 5.55 trillion kwh, up by 0.5% YOY. The utilization of power generation facilities declined due to slowed growth of power demand. Accumulated average utilization time of facilities at plants of 6,000 kw and above was 3,969 hours, down by 349 hours YOY. Weaker demand for power will affect the demand for electrical equipment.
According to CRI analysis, China's high voltage equipment and low voltage equipment industry will keep growing in the next few years. In the time of energy scarcity, the development of power generation is prioritized. If supply is sufficient, industries closer to the user end will develop faster and achieve greater added value.
In this report, CRI analyzes 17 high voltage equipment and low voltage equipment manufacturers listed in A-share market in China.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1) financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
(1) Financial Indexes
- Earnings per Share
- Book Value per Share (BPS)
- Sales per Share (SPS)
- Net Cash Flow per Share from Operations
- Net Cash Flow per Share (CNY)
- Return on Net Worth
- Net Profit Margin on Total Assets
- Return on Invested Capital (ROIC) (%)
- Gross Profit Margin on Sales (%)
- Net Profit Margin on Sales (%)
- EBIT Margin (%)
- EBITDA Margin (%)
- Debt to Asset Ratio (%)
- Total Asset Turnover (times)
- Cash/Operating Income Received from Sales of Goods or Services
- YOY Growth Rate of Operating Revenue (%)
- YOY Growth Rate of Operating Profit (%)
- YOY Growth Rate of Net Profit Attributable to Shareholders of Parent Company (%)
- Gross Revenue (CNY, million)
- Total Operating Costs (CNY, million)
- Revenue (CNY, million)
- Operating Profit (CNY, million)
- Total Profit (CNY, million)
- Net Profit (CNY, million)
- Net Profit Attributable to Shareholders of Parent Company (CNY, million)
- Non-recurring Items (CNY, million)
- Net Profit Deducting Non-recurring Items (CNY, million)
- R&D Costs (CNY, million)
- Earnings Before Interest and Tax (EBIT) (CNY, million)
- Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (CNY, million)
- Liquid Asset (CNY, million)
- Fixed Asset (CNY, million)
- Long-term Equity Investment
- Total Assets (CNY, million)
- Liquid Liability (CNY, million)
- Non-current Liability (CNY, million)
- Total Liability (CNY, million)
- Capital Reserve (CNY, million)
- Surplus Reserve (CNY, million)
- Undistributed Profit (CNY, million)
- Shareholders' Equity (CNY, million)
- Equity Attributable to Shareholders of Parent Company (CNY, million)
- Cash Received from Sales of Goods and Services (CNY, million)
- Cash Flow from Operations (CNY, million)
- Cash Paid to Purchase Fixed Assets, Intangible Assets and Other Long-term Assets (CNY, million)
- Cash Paid for Investments (CNY, million)
- Cash Flow from Investments (CNY, million)
- Cash Received from Investors (CNY, million)
- Cash Received from Borrowings (CNY, million)
- Cash Flow from Financing (CNY, million)
- Net Increase of Cash and Cash Equivalents (CNY, million)
- Cash and Cash Equivalents, End of Period (CNY, million)
- Depreciation and Amortization (CNY, million)
COMPANIES IN THE REPORT:
1 TBEA Co., Ltd. (600089.SH)
2 Henan Pinggao Electric Co., Ltd. (600312.SH)
3 Baoding Tianwei Baobian Electric Co., Ltd. (600550.SH)
4 China XD Electric Co., Ltd. (601179.SH)
5 Northeast Electric Development Co., Ltd. (000585.SZ)
6 Galaxy Biomedical Investment Co., Ltd. (000806.SZ)
7 Hunan Changgao High Voltage Switchgear Group Co., Ltd. (002452.SZ)
8 Xi'an Qiyuan Mechanical and Electrical Equipment Co., Ltd. (300140.SZ)
9 Suzhou Electrical Apparatus Science Academy Co., Ltd. (300215.SZ)
10 Tianjin Benefo Tejing Electric Co., Ltd. (600468.SH)
11 Xiamen Hongfa Electroacoustic Co., Ltd. (600885.SH)
12 Zhejiang Chint Electrics Co., Ltd. (601877.SH)
13 Wuxi New Hongtai Electrical Technology Co., Ltd. (603016.SH)
14 Zhongyeda Electric Co., Ltd. (002441.SZ)
15 Shanghai Liangxin Electrical Co., Ltd. (002706.SZ)
16 Wenzhou Hongfeng Electrical Alloy Co., Ltd. (300283.SZ)
17 Sichuan Zhongguang Lightning Protection Technologies Co., Ltd. (300414.SZ)
1 TBEA Co., Ltd. (600089.SH)
2 Henan Pinggao Electric Co., Ltd. (600312.SH)
3 Baoding Tianwei Baobian Electric Co., Ltd. (600550.SH)
4 China XD Electric Co., Ltd. (601179.SH)
5 Northeast Electric Development Co., Ltd. (000585.SZ)
6 Galaxy Biomedical Investment Co., Ltd. (000806.SZ)
7 Hunan Changgao High Voltage Switchgear Group Co., Ltd. (002452.SZ)
8 Xi'an Qiyuan Mechanical and Electrical Equipment Co., Ltd. (300140.SZ)
9 Suzhou Electrical Apparatus Science Academy Co., Ltd. (300215.SZ)
10 Tianjin Benefo Tejing Electric Co., Ltd. (600468.SH)
11 Xiamen Hongfa Electroacoustic Co., Ltd. (600885.SH)
12 Zhejiang Chint Electrics Co., Ltd. (601877.SH)
13 Wuxi New Hongtai Electrical Technology Co., Ltd. (603016.SH)
14 Zhongyeda Electric Co., Ltd. (002441.SZ)
15 Shanghai Liangxin Electrical Co., Ltd. (002706.SZ)
16 Wenzhou Hongfeng Electrical Alloy Co., Ltd. (300283.SZ)
17 Sichuan Zhongguang Lightning Protection Technologies Co., Ltd. (300414.SZ)
