A-Share Listed Power Grid Automation Companies - Profiles and Financial Data

March 2017 | 70 pages | ID: A6E6D712B79EN
China Research and Intelligence Co., Ltd.

Abstracts

Since 2014, China has been stepping up the development of power grid automation, an important sub-field of power automation. CAGR of investment in grid automation from 2014 to 2015 was over 80%. The market size of the grid automation was CNY 3.5 billion, CNY 5 billion and CNY 8 billion in 2013, 2014 and 2015, respectively, and has huge potential to grow in the next few years, according to CRI.

By the end of 2015, total length of power transmission lines of 220kv and above had amounted to 609,100 km, increasing by 5.46% YOY over 2014. The capacity of transformation facilities of 220 kV and above was 3.366 billion kVA, increasing by 8.86% YOY. Completed investment in the development of power grid projects was CNY 464 billion, increasing by 12.64% YOY. Ten percent of the investment was in extra-high voltage AC/DC projects, which amounted to CNY 46.4 billion. In 2015, following Guiding Opinions on Accelerating the Construction and Transformation of Power Grid and Action Plan for the Construction and Transformation of Power Grid, 2015-2020, the Chinese government allocated CNY 13 billion to fund construction and transformation projects of urban grids, attracting another CNY 114 billion investment. CNY 162.8 billion was put into rural grid transformation, CNY 28.2 billion of which was part of the central fiscal budget.

CRI estimates that in the next few years, the size of the power grid market will keep rising.

In this report, CRI analyzes 16 power grid automation enterprises 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 (%)

(2) Summary of Income Statement

• 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)

(3) Summary of Balance Sheet

• 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)

(4) Summary of Cash Flow Statement

• 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)

Contents

COMPANIES IN THE REPORT:

1 Guodian Nanjing Automation Co., Ltd. (600268.SH)
2 NARI Technology Development Co.,Ltd. (600406.SH)
3 Changyuan Group Ltd. (600525.SH)
4 Tellhow Sci-Tech Co., Ltd. (600590.SH)
5 Beijing Sifang Automation Co., Ltd. (601126.SH)
6 Zhuhai XJ Electric Co., Ltd. (000400.SZ)
7 Dongfang Electronics Co., Ltd. (000682.SZ)
8 Sieyuan Electric Co., Ltd. (002028.SZ)
9 Wiscom System Co., Ltd. (002090.SZ)
10 Ningbo Ligong Environment and Energy Technology Co., Ltd. (002322.SZ)
11 Integrated Electronic Systems Lab Co., Ltd. (002339.SZ)
12 Wuhan Zhongyuan Huadian Science & Technology Co., Ltd. (300018.SZ)
13 Csg Smart Science & Technology Co., Ltd. (300222.SZ)
14 Tianjin Keyvia Electric Co., Ltd. (300407.SZ)
15 Xiamen Red Phase Instruments Inc. (300427.SZ)
16 HNAC Technology Co., Ltd. (300490.SZ)