Loading…
One of China's largest EV charging infrastructure providers, also making power distribution equipment.
One of China's largest EV charging infrastructure providers, also making power distribution equipment.
The older power-distribution equipment business is sold to grid operators and industry under project contracts, while the charging business sells equipment and operates stations, which earn a fee per unit of electricity delivered.
In one line: China's ChargePoint/EVgo for charging infrastructure.
Moat: narrow (scale, installed base, distribution). Early-mover charging network scale, though EV-charging economics remain thin and competitive.
Headquarters: Qingdao, China · Founded: 2002 · Employees: 9,030
Size Qingdao TGOOD Electric (300001.SZ) is a China Industrials company (Electrical Products) with a market value of $4.97B, the 506th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥31.16 on 6 Nov 2026.
Performance Over six months the shares gained 5.6%, against -30.3% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 14.3% over the last twelve months (peer median +8.0%); the operating margin is 8.7% (peer median 10.7%).
Valuation It trades at 21.9× forward earnings against a peer median of 21.1× (9th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.5 points above its cost of capital (8.0% WACC).
Next results Next results expected around 9 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥16.8B | CN¥15.7B | CN¥15.3B | CN¥12.7B | CN¥11.6B |
| Revenue growth | — | +3% | +21% | +9% | — |
| Gross profit | CN¥5.04B | CN¥4.17B | CN¥3.86B | CN¥3.23B | CN¥2.47B |
| EBITDA | n/a | CN¥2.22B | CN¥1.84B | CN¥1.23B | CN¥962M |
| Net income | CN¥1.37B | CN¥1.24B | CN¥917M | CN¥491M | CN¥272M |
| Free cash flow | CN¥1.36B | CN¥1.66B | CN¥453M | CN¥310M | CN¥483M |
| Capital expenditure | CN¥658M | CN¥697M | CN¥862M | CN¥1.06B | CN¥754M |
| Total debt | CN¥6.76B | CN¥7.27B | CN¥7.47B | CN¥8.00B | CN¥7.51B |
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 |
|---|---|---|---|---|---|---|
| Qingdao TGOOD Electric 300001.SZ | $4.97B | +6% | +14% | 9% | 21.9× | 12.0% |
| Sieyuan Electric 002028.SZ | $13.4B | -42% | +35% | 16% | 23.1× | 11.1% |
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 | 300001.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | -15.5% | 6th highest of 21 |
| 6-month return | +5.6% | -30.3% | 2nd highest of 20 |
| Distance from 52-week high | -30.8% | -50.3% | 3rd highest of 21 |
| Revenue growth (TTM) | +14.3% | +8.0% | 9th highest of 20 |
| Operating margin | 8.7% | 10.7% | 8th lowest of 21 |
| Forward P/E | 21.9× | 21.1× | 9th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 12.0% | 20.4% | 6th least demanding of 13 |
| Growth delivered (Del g) | +16.2% | +12.8% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | -4.2 pp | +0.1 pp | 6th least demanding of 13 |
| ROIC minus cost of capital | +1.5 pp | -0.9 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qingdao TGOOD Electric 300001.SZ | China | $4.97B | +6% | +14% | 9% | 21.9× | 12.0% | +16.2% |
| Ningbo Orient Wires & Cables 603606.SS | China | $4.96B | -23% | +36% | 12% | 21.1× | 3.6% | +16.5% |
| Powell Industries POWL | United States | $4.85B | -57% | +7% | 20% | 21.2× | 11.2% | +16.3% |
| HANGZHOU FIRST APPLIED MATERIAL 603806.SS | China | $5.14B | -30% | -9% | 9% | 22.0× | 7.5% | +13.1% |
| Fortune Electric 1519.TW | Taiwan | $4.75B | -50% | +5% | 21% | 26.0× | 16.1% | +23.6% |
| Far East Smarter Energy 600869.SS | China | $4.73B | -16% | -1% | 1% | 37.4× | 38.2% | +7.3% |
| CNGR Advanced Material 300919.SZ | China | $4.72B | -48% | +46% | 7% | 12.6× | n/a | n/a |
| EnerSys ENS | United States | $5.30B | -36% | +4% | 15% | 11.3× | 0.5% | +4.7% |
| Sunwoda Electronic 300207.SZ | China | $5.37B | -33% | +36% | -1% | 16.0× | n/a | n/a |
| Wolong Electric 600580.SS | China | $5.39B | -39% | -11% | 4% | 39.6× | 25.2% | +4.2% |
| Henan Pinggao Electric 600312.SS | China | $4.43B | -1% | -6% | 13% | 21.1× | n/a | n/a |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 36.1× | 34.9% | +28.6% |
| Suzlon Energy SUZLON.NS | India | $5.65B | -30% | +34% | 15% | 21.2× | 34.0% | +37.9% |
| Shandong Sinocera Functional Material 300285.SZ | China | $5.67B | +8% | +23% | 14% | 48.6× | 40.1% | +12.6% |
| Yaskawa Electric 6506.T | Japan | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% | +6.8% |
| DPC DPC | United States | $4.30B | n/a | +12% | -1% | 31.9× | n/a | n/a |
| Teco Electric & Machinery 1504.TW | Taiwan | $4.23B | -13% | +8% | 9% | 19.5× | 9.3% | +5.2% |
| Walsin Lihwa 1605.TW | Taiwan | $4.21B | -3% | -4% | 0% | 7.5× | n/a | n/a |
| Forgent Power Solutions FPS | United States | $5.93B | -52% | +89% | 14% | 14.4× | n/a | n/a |
| Rosebank Industries ROSE.L | United Kingdom | $4.15B | -12% | n/a | 13% | 18.8× | n/a | n/a |
| Ugreen 301606.SZ | China | $4.13B | -23% | +50% | 9% | 25.4× | n/a | n/a |