Who are Shanghai Step Electric's main competitors?

Named competitors: KEB Automation (private or unlisted), Otis Elevator (OTIS). The cockpit's measured peer set (industry) also includes Jiangsu Bide Science & Technology (605298.SS), Shenzhen Xinyichang Technology (688383.SS), KSB (KSB.NS), YAPP Automotive Systems (603013.SS), Guangdong Lyric Robot Automation (688499.SS), Suzhou Gyz Electronic Technology (688260.SS).

Is Shanghai Step Electric expensive compared with its peers?

On forward p/e it trades at 78.3× against a peer median of 31.8×, most expensive of 15 in its peer set.

How has Shanghai Step Electric stock performed?

Over six months to 6 Nov 2026 the shares returned -21.2% against -26.4% for the median peer; over one year -43.1%.

← CockpitCompetitor Analysis › 002527.SZ Shanghai Step Electric Co., Ltd. Class AOpen in the cockpit ↗

Shanghai Step Electric Co., Ltd. Class A002527.SZCompetitor analysis, valuation and peers

China · CNY·Industrials›Industrial Machinery

Chinese maker of elevator traction motors and control/drive systems for the elevator industry.

Momentum neutral 53

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.16B

US dollars, full cap

Free float

99%

of shares outstanding

$/day

$15.9M

20-day average traded

Fwd P/E

78.3×

forward earnings

ROIC−WACC

-8.8 pp

WACC 7.9%

Hurdle

n/a

no reverse DCF

Next earnings

171 days

26 Apr 2027

Close · CNYCN¥10.18

1D-3.0%

1W+2.6%

1M-1.6%

3M-9.4%

6M-21.2%

YTD-42.6%

1Y-43.1%

ATR %4.7%

52w lowhigh45.5% off high

What Shanghai Step Electric does

Chinese maker of elevator traction motors and control/drive systems for the elevator industry.

Products and services

Elevator traction motors
Elevator control systems

Customers

Elevator manufacturers and installers

Where it sits in the supply chain

Industrials
Elevator components
Traction motors and drives

What could go right

China elevator installation/renovation demand

What could go wrong

Cyclical real-estate-linked elevator demand

Moat: narrow (process know-how, customer qualification). Elevator components must meet safety qualification standards with elevator OEMs.

Headquarters: Shanghai, China · Employees: 2,520

Named competitors

KEB Automation private or unlisted
Otis Elevator OTIS

Shanghai Step Electric at a glance

Size Shanghai Step Electric (002527.SZ) is a China Industrials company (Industrial Machinery) with a market value of $1.16B, the 2035th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.18 on 6 Nov 2026.

Performance Over six months the shares fell 21.2%, against -26.4% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue was unchanged over the last twelve months (peer median +10.4%); the operating margin is -2.3% (peer median 3.7%).

Valuation It trades at 78.3× forward earnings against a peer median of 31.8× (most expensive of 15).

Capital Return on invested capital runs 8.8 points below its cost of capital (7.9% WACC).

Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Shanghai Step Electric against the median of its 20 peers (local-currency closes).

Shanghai Step Electric financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥3.75B	CN¥3.52B	CN¥3.35B	CN¥3.38B	CN¥3.09B
Revenue growth	—	+5%	-1%	+9%	—
Gross profit	CN¥685M	CN¥571M	CN¥508M	CN¥497M	CN¥477M
EBITDA	n/a	CN¥50.3M	-CN¥21.9M	-CN¥112M	-CN¥101M
Net income	-CN¥39.9M	CN¥5.51M	-CN¥288M	-CN¥379M	-CN¥1.06B
Free cash flow	-CN¥12.7M	CN¥83.5M	CN¥102M	CN¥140M	-CN¥363M
Capital expenditure	CN¥58.2M	CN¥32.6M	CN¥17.4M	CN¥32.3M	CN¥80.7M
Total debt	CN¥1.26B	CN¥1.34B	CN¥1.63B	CN¥1.35B	CN¥2.58B

Quarterly statements and history in the cockpit →

Shanghai Step Electric competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Shanghai Step Electric is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shanghai Step Electric is the large dot.

Shanghai Step Electric competitors and peer comparison

Head to head with its named competitors (002527.SZ vs OTIS)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Shanghai Step Electric 002527.SZ	$1.16B	-21%	0%	-2%	78.3×	n/a
Otis Worldwide OTIS	$30.1B	+6%	+6%	15%	18.1×	2.3%

How Shanghai Step Electric compares with its peers

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.

Shanghai Step Electric against its 20 peers (data as of 6 Nov 2026)
Measure	002527.SZ	Peer median	Rank in peer set
1-month return	-1.6%	-18.3%	7th highest of 21
6-month return	-21.2%	-26.4%	9th highest of 21
Distance from 52-week high	-45.5%	-48.5%	10th highest of 21
Revenue growth (TTM)	0.0%	+10.4%	5th lowest of 21
Operating margin	-2.3%	3.7%	5th lowest of 21
Forward P/E	78.3×	31.8×	most expensive of 15
ROIC minus cost of capital	-8.8 pp	-4.9 pp	7th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Shanghai Step Electric 002527.SZ	China	$1.16B	-21%	0%	-2%	78.3×	n/a	n/a
Jiangsu Bide Science & Technology 605298.SS	China	$1.16B	-30%	-4%	15%	n/a	40.4%	+10.1%
Shenzhen Xinyichang Technology 688383.SS	China	$1.16B	-25%	+34%	-9%	56.3×	n/a	n/a
KSB KSB.NS	India	$1.16B	-30%	+8%	10%	38.8×	35.3%	+17.5%
YAPP Automotive Systems 603013.SS	China	$1.16B	-25%	-1%	7%	12.0×	-9.1%	+0.7%
Guangdong Lyric Robot Automation 688499.SS	China	$1.17B	-15%	+37%	1%	51.7×	n/a	n/a
Suzhou Gyz Electronic Technology 688260.SS	China	$1.17B	+96%	+56%	-13%	n/a	n/a	n/a
Jiangsu Rongtai Industry 605133.SS	China	$1.15B	-17%	+51%	6%	33.5×	n/a	n/a
Shenzhen iN-Cube Automation 301312.SZ	China	$1.18B	-43%	+18%	6%	78.2×	n/a	n/a
EFORT Intelligent Robot 688165.SS	China	$1.18B	-18%	+12%	-48%	n/a	n/a	n/a
Guangdong Anda Automation Solutions 688125.SS	China	$1.19B	-55%	+56%	2%	41.0×	n/a	n/a
Jingjin Equipment 603279.SS	China	$1.13B	-28%	+6%	9%	14.0×	-8.4%	+11.9%
SVG 300331.SZ	China	$1.19B	-42%	+6%	2%	n/a	46.0%	+8.1%
Hunan Meihu Intelligent Manufacturing 603319.SS	China	$1.13B	-42%	+13%	3%	40.4×	n/a	n/a
Ariston ARIS.MI	Italy	$1.20B	-17%	+5%	6%	8.8×	0.1%	+10.5%
Zhejiang Dayuan Pumps Industry 603757.SS	China	$1.12B	-19%	-8%	3%	30.0×	45.8%	+6.5%
Union Tool 6278.T	Japan	$1.20B	-41%	+40%	25%	14.8×	22.0%	+12.0%
Eugene Technology 084370.KS	South Korea	$1.21B	-43%	+2%	15%	12.3×	16.3%	+11.6%
Nanfang Pump Industry 300145.SZ	China	$1.12B	-19%	+9%	4%	21.8×	12.7%	+4.6%
Shuangliang Eco-Energy Systems 600481.SS	China	$1.21B	-36%	-29%	-29%	n/a	n/a	n/a
AA Industrial Belting (Shanghai) 603580.SS	China	$1.12B	+193%	+98%	0%	n/a	n/a	n/a

Questions

Who are Shanghai Step Electric's main competitors?: Named competitors: KEB Automation (private or unlisted), Otis Elevator (OTIS). The cockpit's measured peer set (industry) also includes Jiangsu Bide Science & Technology (605298.SS), Shenzhen Xinyichang Technology (688383.SS), KSB (KSB.NS), YAPP Automotive Systems (603013.SS), Guangdong Lyric Robot Automation (688499.SS), Suzhou Gyz Electronic Technology (688260.SS).
Is Shanghai Step Electric expensive compared with its peers?: On forward p/e it trades at 78.3× against a peer median of 31.8×, most expensive of 15 in its peer set.
How has Shanghai Step Electric stock performed?: Over six months to 6 Nov 2026 the shares returned -21.2% against -26.4% for the median peer; over one year -43.1%.