Chinese power-grid/electrical technology equipment maker; specifics unconfirmed.
Chinese power-grid/electrical technology equipment maker; specifics unconfirmed.
Moat: none
Headquarters: China · Employees: 811
Size State Power Rixin Technology (301162.SZ) is a China Industrials company (Wholesale Distributors) with a market value of $944M, the 2414th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥33.71 on 6 Nov 2026.
Performance Over six months the shares fell 24.9%, against -13.6% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 12.0% over the last twelve months (peer median +7.1%); the operating margin is 17.2% (peer median 4.1%).
Valuation It trades at 36.8× forward earnings against a peer median of 11.7× (2nd most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.4 points above its cost of capital (7.2% WACC).
Next results Next results expected around 12 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥767M | CN¥713M | CN¥546M | CN¥453M | CN¥357M |
| Revenue growth | — | +30% | +21% | +27% | — |
| Gross profit | CN¥524M | CN¥431M | CN¥352M | CN¥300M | CN¥234M |
| EBITDA | n/a | CN¥160M | CN¥93.4M | CN¥57.5M | CN¥50.6M |
| Net income | CN¥162M | CN¥130M | CN¥93.6M | CN¥84.2M | CN¥67.1M |
| Free cash flow | CN¥32.2M | -CN¥50.5M | -CN¥77.6M | CN¥37.2M | CN¥56.0M |
| Capital expenditure | CN¥91.6M | CN¥153M | CN¥151M | CN¥35.4M | CN¥5.90M |
| Total debt | CN¥464M | CN¥402M | CN¥226M | CN¥90.4M | CN¥45.9M |
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| Measure | 301162.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.3% | -10.9% | 9th highest of 21 |
| 6-month return | -24.9% | -13.6% | 6th lowest of 21 |
| Distance from 52-week high | -44.4% | -33.3% | 6th lowest of 21 |
| Revenue growth (TTM) | +12.0% | +7.1% | 8th highest of 21 |
| Operating margin | 17.2% | 4.1% | highest of 21 |
| Forward P/E | 36.8× | 11.7× | 2nd most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 22.6% | -4.3% | most demanding of 13 |
| Growth delivered (Del g) | +23.8% | +6.9% | highest of 13 |
| Hurdle (Req g minus delivered) | -1.1 pp | -11.5 pp | 3rd most demanding of 13 |
| ROIC minus cost of capital | +0.4 pp | +2.6 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| State Power Rixin Technology 301162.SZ | China | $944M | -25% | +12% | 17% | 36.8× | 22.6% | +23.8% |
| Dlg Exhibitions & Events 600826.SS | China | $944M | -9% | +2% | 15% | 18.7× | 6.9% | -11.5% |
| Huludao Zinc Industry 000751.SZ | China | $943M | -36% | +17% | 1% | n/a | n/a | n/a |
| Hangzhou Cogeneration 605011.SS | China | $956M | -23% | -1% | 5% | n/a | n/a | n/a |
| Trusco Nakayama 9830.T | Japan | $958M | +6% | +10% | 7% | 9.4× | n/a | n/a |
| Auto Partner APR.WA | Poland | $928M | +26% | +67% | 8% | 12.2× | -5.0% | +21.5% |
| Lx International 001120.KS | South Korea | $913M | -35% | +11% | 2% | 4.6× | n/a | n/a |
| Yamazen 8051.T | Japan | $978M | +13% | +7% | 2% | n/a | -6.3% | +4.5% |
| Wah Lee Industrial 3010.TW | Taiwan | $910M | -15% | +6% | 4% | 11.4× | -6.5% | +5.8% |
| Mitsuuroko 8131.T | Japan | $893M | +26% | 0% | 3% | n/a | -3.7% | +8.4% |
| Deep Source 0990.HK | Hong Kong | $1.00B | -31% | +7% | 2% | n/a | -13.6% | +6.1% |
| Matsuda Sangyo 7456.T | Japan | $891M | -12% | +49% | 4% | 5.6× | n/a | n/a |
| Totech 9960.T | Japan | $1.00B | 0% | +6% | 10% | 10.7× | 5.4% | +9.2% |
| Superior Plus SPB.TO | Canada | $890M | -22% | -7% | 8% | 13.8× | -1.3% | +13.7% |
| Yellow Hat 9882.T | Japan | $888M | +12% | +7% | 9% | n/a | -5.5% | +3.1% |
| Kamei 8037.T | Japan | $869M | +40% | +1% | 3% | n/a | -13.1% | +7.6% |
| China Agricultural Development Seed 600313.SS | China | $1.04B | -16% | +35% | 1% | n/a | 21.8% | +12.7% |
| Beijing Geekplus Technology 2590.HK | Hong Kong | $1.05B | -67% | +33% | 0% | 478.1× | n/a | n/a |
| MAAS MGH.AX | Australia | $849M | -20% | +31% | 8% | 11.7× | n/a | n/a |
| San-ai Obbli 8097.T | Japan | $843M | -3% | -8% | 2% | n/a | -3.1% | +5.2% |
| Zhejiang Songyuan Automotive Safety Systems 300893.SZ | China | $1.06B | -34% | +27% | 12% | 20.1× | n/a | n/a |