Loading…
Maker of UPS power-backup systems, solar inverters and energy-storage equipment for data centers and industry.
Maker of UPS power-backup systems, solar inverters and energy-storage equipment for data centers and industry.
UPS (backup power) is the long-standing line, with data centers, telecom and industry buying units and service. Solar inverters and energy storage are sold in project orders, adding exposure to renewable construction.
In one line: A Chinese Eaton/Vertiv (UPS).
Moat: narrow (distribution, installed base). Established UPS distribution and service network in China and export markets, though pricing is competitive.
Headquarters: Shenzhen, Guangdong, China · Founded: 1993 · Employees: 4,516
Size Shenzhen Kstar Science and Technology (002518.SZ) is a China Industrials company (Electrical Products) with a market value of $2.41B, the 1066th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥27.82 on 6 Nov 2026.
Performance Over six months the shares fell 40.2%, against -21.6% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 20.9% over the last twelve months (peer median +27.0%); the operating margin is 12.7% (peer median 7.4%).
Valuation It trades at 22.1× forward earnings against a peer median of 27.7× (6th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is +7 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.4 points below its cost of capital (13.7% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.83B | CN¥5.22B | CN¥4.10B | CN¥5.38B | CN¥4.38B |
| Revenue growth | — | +27% | -24% | +23% | — |
| Gross profit | CN¥1.78B | CN¥1.44B | CN¥1.13B | CN¥1.63B | CN¥1.34B |
| EBITDA | n/a | CN¥730M | CN¥463M | CN¥1.03B | CN¥817M |
| Net income | CN¥667M | CN¥611M | CN¥394M | CN¥845M | CN¥656M |
| Free cash flow | CN¥370M | CN¥755M | CN¥341M | CN¥338M | CN¥729M |
| Capital expenditure | CN¥238M | CN¥191M | CN¥167M | CN¥182M | CN¥167M |
| Total debt | CN¥1.43B | CN¥1.11B | CN¥962M | CN¥885M | CN¥873M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shenzhen Kstar Science and Technology 002518.SZ | $2.41B | -40% | +21% | 13% | 22.1× | 24.2% |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
| Vertiv VRT | $70.4B | -46% | +35% | 21% | 20.0× | 25.4% |
| Sungrow Power Supply 300274.SZ | $25.3B | -40% | -24% | 12% | 14.9× | 12.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002518.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.5% | -16.9% | 11th highest of 21 |
| 6-month return | -40.2% | -21.6% | 7th lowest of 20 |
| Distance from 52-week high | -57.6% | -55.2% | 9th lowest of 21 |
| Revenue growth (TTM) | +20.9% | +27.0% | 8th lowest of 21 |
| Operating margin | 12.7% | 7.4% | 8th highest of 21 |
| Forward P/E | 22.1× | 27.7× | 6th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 24.2% | 15.2% | 4th most demanding of 12 |
| Growth delivered (Del g) | +16.9% | +14.7% | 6th highest of 12 |
| Hurdle (Req g minus delivered) | +7.4 pp | +5.5 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | -2.4 pp | +0.1 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Kstar Science and Technology 002518.SZ | China | $2.41B | -40% | +21% | 13% | 22.1× | 24.2% | +16.9% |
| Delijia Transmission Technology (Jiangsu) 603092.SS | China | $2.41B | -45% | +45% | 17% | n/a | 7.2% | +20.3% |
| Hangzhou Cable 603618.SS | China | $2.40B | -18% | +18% | 7% | 10.6× | 15.2% | +9.8% |
| Tongling Jingda Special Magnet Wire 600577.SS | China | $2.39B | -45% | +26% | 3% | 20.4× | 9.8% | +14.7% |
| Shenzhen FRD Science & Technology 300602.SZ | China | $2.39B | -23% | +24% | 7% | 25.3× | n/a | n/a |
| PhiChem 300398.SZ | China | $2.43B | -6% | +15% | 17% | 27.3× | 19.6% | +11.7% |
| Kirloskar Oil Engines KIRLOSENG.NS | India | $2.44B | -8% | +23% | 15% | 36.6× | 25.3% | +18.6% |
| Tongding Interconnection Information 002491.SZ | China | $2.44B | -15% | +50% | 11% | n/a | n/a | n/a |
| Tianhai Auto Electronics 001365.SZ | China | $2.36B | n/a | +28% | 5% | n/a | 6.0% | +24.8% |
| Shenzhen Leadshine Technology 002979.SZ | China | $2.36B | +14% | +44% | 13% | 40.6× | n/a | n/a |
| HBL Engineering HBLENGINE.NS | India | $2.46B | -1% | +63% | 31% | n/a | 22.6% | +29.4% |
| Diamond Power Infrastructure DIACABS.NS | India | $2.34B | +118% | +109% | 10% | 55.3× | n/a | n/a |
| Jonjee Hi-Tech Industrial and Commercial 600872.SS | China | $2.31B | -2% | +1% | 18% | 21.8× | 10.0% | -3.9% |
| RR Kabel RRKABEL.NS | India | $2.30B | 0% | +45% | 8% | 28.5× | n/a | n/a |
| Shenzhen Honor Electronic 300870.SZ | China | $2.26B | -66% | +10% | 3% | 58.9× | n/a | n/a |
| Sanil Electric 062040.KS | South Korea | $2.62B | -56% | +29% | 36% | 17.1× | 15.1% | +50.8% |
| Nuode New Materials 600110.SS | China | $2.21B | -22% | +100% | 4% | 37.0× | n/a | n/a |
| Luster LightTech 688400.SS | China | $2.63B | -37% | +10% | 0% | 28.1× | 56.8% | +10.7% |
| Rept Battero Energy 0666.HK | Hong Kong | $2.19B | -57% | +56% | 6% | 10.0× | n/a | n/a |
| Baoding Tianwei Baobian Electric 600550.SS | China | $2.65B | -36% | +13% | 4% | n/a | 45.5% | +7.1% |
| NuScale Power SMR | United States | $2.18B | -60% | -81% | -6,854% | n/a | n/a | n/a |