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Chinese maker of backup batteries (lead-acid and lithium) for telecom, UPS and energy-storage applications.
Chinese maker of backup batteries (lead-acid and lithium) for telecom, UPS and energy-storage applications.
Moat: none. Backup battery manufacturing is competitive with several domestic makers serving similar end markets.
Headquarters: Zibo, Shandong, China · Employees: 2,702
Size Shandong Sacred Sun Power Sources (002580.SZ) is a China Industrials company (Electrical Products) with a market value of $1.23B, the 1926th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥18.11 on 6 Nov 2026.
Performance Over six months the shares fell 34.1%, against -32.0% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 22.3% over the last twelve months (peer median +8.9%); the operating margin is 4.2% (peer median 2.0%).
Valuation It trades at 2.1× enterprise value to sales against a peer median of 2.6× (8th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +14%, 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 1.2 points below its cost of capital (8.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.03B | CN¥3.29B | CN¥2.91B | CN¥2.72B | CN¥2.71B |
| Revenue growth | — | +13% | +7% | 0% | — |
| Gross profit | CN¥805M | CN¥509M | CN¥469M | CN¥429M | CN¥340M |
| EBITDA | n/a | CN¥263M | CN¥266M | CN¥222M | CN¥155M |
| Net income | CN¥164M | CN¥186M | CN¥205M | CN¥174M | CN¥136M |
| Free cash flow | CN¥118M | CN¥47.2M | CN¥82.5M | -CN¥176M | -CN¥116M |
| Capital expenditure | CN¥124M | CN¥155M | CN¥51.7M | CN¥129M | CN¥325M |
| Total debt | CN¥1.08B | CN¥899M | CN¥557M | CN¥484M | CN¥597M |
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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 | 002580.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.2% | -17.3% | 10th highest of 21 |
| 6-month return | -34.1% | -32.0% | 9th lowest of 20 |
| Distance from 52-week high | -50.4% | -56.5% | 7th highest of 21 |
| Revenue growth (TTM) | +22.3% | +8.9% | 8th highest of 21 |
| Operating margin | 4.2% | 2.0% | 9th highest of 21 |
| EV / Sales | 2.1× | 2.6× | 8th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 21.6% | 15.5% | 3rd most demanding of 8 |
| Growth delivered (Del g) | +14.2% | +16.2% | 3rd lowest of 7 |
| Hurdle (Req g minus delivered) | +7.4 pp | -6.3 pp | 3rd most demanding of 7 |
| ROIC minus cost of capital | -1.2 pp | -4.1 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shandong Sacred Sun Power Sources 002580.SZ | China | $1.23B | -34% | +22% | 4% | 2.1× | 21.6% | +14.2% |
| FOCI Fiber Optic Communications 3363.TWO | Taiwan | $1.24B | -59% | -2% | -16% | 21.6× | n/a | n/a |
| Sunstone Development 603612.SS | China | $1.25B | -32% | +28% | 8% | 0.9× | n/a | n/a |
| Taihan Fiberoptics 010170.KS | South Korea | $1.21B | -30% | +6% | -10% | 11.1× | n/a | n/a |
| Jiangsu Xihua New Energy Technology 603248.SS | China | $1.21B | -31% | +32% | 33% | 6.8× | n/a | n/a |
| Lotte Energy Materials 020150.KS | South Korea | $1.21B | -53% | -12% | -13% | 2.5× | n/a | n/a |
| Sinofibers Technology 300777.SZ | China | $1.26B | -48% | -61% | -25% | 18.3× | 55.1% | +16.7% |
| Shenzhen Desay Battery Technology 000049.SZ | China | $1.20B | -28% | +9% | 2% | 0.5× | n/a | n/a |
| SPG 058610.KS | South Korea | $1.20B | -42% | -7% | 5% | 4.9× | 40.9% | -0.8% |
| Volex VLX.L | United Kingdom | $1.27B | -20% | +9% | 9% | 1.1× | 13.2% | +22.3% |
| PowerX 485A.T | Japan | $1.20B | -55% | +213% | -1% | 9.0× | n/a | n/a |
| Amprius Technologies AMPX | United States | $1.27B | -48% | +144% | -17% | 11.0× | n/a | n/a |
| Ningbo KBE Electrical Technology 300863.SZ | China | $1.27B | -20% | +21% | 4% | 2.4× | n/a | n/a |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 5.4× | 20.6% | +28.4% |
| Jiangsu Zenergy Battery Technologies 3677.HK | Hong Kong | $1.19B | -56% | +58% | 6% | 1.0× | n/a | n/a |
| PFISTERER PFS0.DE | Germany | $1.18B | n/a | +17% | 14% | 2.1× | 15.5% | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 7.9× | n/a | n/a |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | 1.8× | n/a | n/a |
| Harbin Electric Corp. Jiamusi Electric Machine 000922.SZ | China | $1.18B | -22% | +3% | 7% | 1.5× | 11.1% | +15.8% |
| Hoymiles Power Electronics 688032.SS | China | $1.29B | -38% | +47% | -16% | 2.7× | n/a | n/a |
| Camel 601311.SS | China | $1.29B | -26% | -4% | 2% | 0.6× | -0.5% | +11.2% |