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Guangzhou-based maker of lithium batteries and energy-storage products for consumer and industrial applications.
Guangzhou-based maker of lithium batteries and energy-storage products for consumer and industrial applications.
Moat: none. Operates in a crowded, price-competitive Chinese battery-cell market with limited differentiation.
Headquarters: Guangzhou, Guangdong, China · Employees: 15,092
Size Guangzhou Great Power Energy & Technology (300438.SZ) is a China Industrials company (Electrical Products) with a market value of $3.90B, the 658th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥43.33 on 6 Nov 2026.
Performance Over six months the shares fell 49.7%, against -21.4% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 17 in its peer set.
Growth Revenue grew 124.7% over the last twelve months (peer median +21.7%); the operating margin is 6.8% (peer median 9.0%).
Valuation It trades at 11.7× forward earnings against a peer median of 23.5× (5th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.5 points above its cost of capital (9.9% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥22.2B | CN¥11.9B | CN¥7.93B | CN¥6.91B | CN¥9.05B |
| Revenue growth | — | +50% | +15% | -24% | — |
| Gross profit | CN¥4.77B | CN¥1.60B | CN¥879M | CN¥994M | CN¥1.62B |
| EBITDA | n/a | CN¥1.01B | CN¥382M | CN¥653M | CN¥1.09B |
| Net income | CN¥1.27B | CN¥206M | -CN¥252M | CN¥43.1M | CN¥628M |
| Free cash flow | CN¥1.38B | CN¥434M | -CN¥784M | -CN¥1.05B | -CN¥482M |
| Capital expenditure | CN¥495M | CN¥546M | CN¥543M | CN¥1.46B | CN¥1.21B |
| Total debt | CN¥8.79B | CN¥7.12B | CN¥5.92B | CN¥4.79B | CN¥3.99B |
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 |
|---|---|---|---|---|---|---|
| Guangzhou Great Power Energy & Technology 300438.SZ | $3.90B | -50% | +125% | 7% | 11.7× | 9.7% |
| EVE Energy 300014.SZ | $17.0B | -28% | +51% | 6% | 15.5× | n/a |
| Sunwoda Electronic 300207.SZ | $5.37B | -33% | +36% | -1% | 16.0× | n/a |
| Gotion High-tech 002074.SZ | $6.45B | -32% | +54% | 3% | 25.6× | n/a |
| Zhuhai CosMX Battery 688772.SS | $2.88B | +2% | +18% | -2% | 144.1× | n/a |
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 | 300438.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.2% | -11.3% | 9th lowest of 21 |
| 6-month return | -49.7% | -21.4% | 4th lowest of 17 |
| Distance from 52-week high | -53.3% | -39.1% | 5th lowest of 21 |
| Revenue growth (TTM) | +124.7% | +21.7% | highest of 20 |
| Operating margin | 6.8% | 9.0% | 10th lowest of 21 |
| Forward P/E | 11.7× | 23.5× | 5th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 9.7% | 25.3% | 3rd least demanding of 6 |
| Growth delivered (Del g) | +26.8% | +12.2% | highest of 5 |
| Hurdle (Req g minus delivered) | -17.1 pp | +3.9 pp | 2nd least demanding of 5 |
| ROIC minus cost of capital | +4.5 pp | -1.9 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guangzhou Great Power Energy & Technology 300438.SZ | China | $3.90B | -50% | +125% | 7% | 11.7× | 9.7% | +26.8% |
| Shenzhen Hfc 301716.SZ | China | $3.93B | n/a | +114% | 44% | n/a | 45.3% | n/a |
| Beijing Sifang Automation 601126.SS | China | $3.94B | -44% | +9% | 9% | 27.8× | 25.3% | +16.3% |
| XJ Electric 000400.SZ | China | $3.86B | 0% | -8% | 6% | 23.5× | n/a | n/a |
| Gaon Cable 000500.KS | South Korea | $3.97B | +50% | +32% | 3% | n/a | n/a | n/a |
| State Grid Yingda 600517.SS | China | $4.01B | -21% | +8% | 22% | 10.2× | -18.5% | +8.1% |
| KEI Industries KEI.NS | India | $4.03B | -22% | +25% | 10% | 33.9× | n/a | n/a |
| Hainan Jinpan Smart Technology 688676.SS | China | $3.75B | -38% | +12% | 10% | 29.4× | 28.5% | +24.7% |
| Dajin Heavy Industry 002487.SZ | China | $3.71B | -60% | -2% | 19% | 19.6× | n/a | n/a |
| Ugreen 301606.SZ | China | $4.13B | -23% | +50% | 9% | 25.4× | n/a | n/a |
| Wuhan Raycus Fiber Laser Technologies 300747.SZ | China | $3.67B | +22% | +16% | 6% | 76.8× | n/a | n/a |
| Rosebank Industries ROSE.L | United Kingdom | $4.15B | -12% | n/a | 13% | 18.8× | n/a | n/a |
| Shanghai Moons Electrical 603728.SS | China | $3.66B | -1% | +22% | 4% | 183.9× | n/a | n/a |
| Walsin Lihwa 1605.TW | Taiwan | $4.21B | -3% | -4% | 0% | 7.5× | n/a | n/a |
| Teco Electric & Machinery 1504.TW | Taiwan | $4.23B | -13% | +8% | 9% | 19.5× | 9.3% | +5.2% |
| CALB 3931.HK | Hong Kong | $3.57B | -59% | +80% | 7% | 8.1× | n/a | n/a |
| DPC DPC | United States | $4.30B | n/a | +12% | -1% | 31.9× | n/a | n/a |
| LS 006260.KS | South Korea | $3.51B | -62% | +30% | 4% | 8.0× | n/a | n/a |
| Sany Renewable Energy 688349.SS | China | $3.50B | -22% | +30% | 2% | 21.7× | n/a | n/a |
| Dhoot Transmission DHOOTTRANS.NS | India | $3.46B | n/a | +31% | 13% | 52.6× | n/a | n/a |
| Luoyang Bearing 301699.SZ | China | $3.45B | n/a | +29% | 11% | n/a | n/a | n/a |