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Maker of power grid automation and relay-protection equipment, affiliated with state generator China Energy (Guodian).
Maker of power grid automation and relay-protection equipment, affiliated with state generator China Energy (Guodian).
Wins most orders through tenders run by the grid companies and big power generators, and its affiliate China Energy group, a major generator, is also an in-house customer for plant automation, so grid and plant investment budgets set its order flow.
Moat: narrow (parent backing, customer qualification). Guodian/China Energy affiliation and grid-certified equipment sustain qualified-vendor status.
Headquarters: Nanjing, Jiangsu, China · Founded: 1958 · Employees: 3,846
Size Guodian Nanjing Automation (600268.SS) is a China Industrials company (Electrical Products) with a market value of $1.48B, the 1659th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.70 on 6 Nov 2026.
Performance Over six months the shares fell 35.2%, against -38.9% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue fell 4.6% over the last twelve months (peer median +15.5%); the operating margin is 8.6% (peer median 6.8%).
Valuation It trades at 15.2× forward earnings against a peer median of 15.5× (7th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.8 points above its cost of capital (8.3% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.31B | CN¥9.61B | CN¥8.96B | CN¥7.58B | CN¥6.97B |
| Revenue growth | — | +7% | +18% | +9% | — |
| Gross profit | CN¥2.68B | CN¥2.34B | CN¥1.94B | CN¥1.68B | CN¥1.53B |
| EBITDA | n/a | CN¥1.07B | CN¥822M | CN¥666M | CN¥591M |
| Net income | CN¥522M | CN¥480M | CN¥341M | CN¥227M | CN¥152M |
| Free cash flow | CN¥879M | CN¥846M | CN¥1.02B | CN¥822M | CN¥407M |
| Capital expenditure | CN¥91.0M | CN¥52.6M | CN¥57.6M | CN¥60.9M | CN¥52.2M |
| Total debt | CN¥211M | CN¥476M | CN¥459M | CN¥860M | CN¥805M |
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 |
|---|---|---|---|---|---|---|
| Guodian Nanjing Automation 600268.SS | $1.48B | -35% | -5% | 9% | 15.2× | -0.1% |
| NARI Technology 600406.SS | $28.6B | -8% | +12% | 13% | 21.7× | 2.5% |
| Beijing Sifang Automation 601126.SS | $3.94B | -44% | +9% | 9% | 27.8× | 25.3% |
| 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 | 600268.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.9% | -11.8% | 9th highest of 21 |
| 6-month return | -35.2% | -38.9% | 8th highest of 20 |
| Distance from 52-week high | -44.4% | -56.8% | 4th highest of 21 |
| Revenue growth (TTM) | -4.6% | +15.5% | 4th lowest of 21 |
| Operating margin | 8.6% | 6.8% | 8th highest of 21 |
| Forward P/E | 15.2× | 15.5× | 7th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -0.1% | 15.0% | 2nd least demanding of 9 |
| Growth delivered (Del g) | +13.9% | +13.9% | 5th highest of 9 |
| Hurdle (Req g minus delivered) | -14.0 pp | -4.1 pp | 4th least demanding of 9 |
| ROIC minus cost of capital | +6.8 pp | -5.4 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Guodian Nanjing Automation 600268.SS | China | $1.48B | -35% | -5% | 9% | 15.2× | -0.1% | +13.9% |
| Aerospace Intelligent Manufacturing Technology 300446.SZ | China | $1.48B | -38% | -14% | 5% | 21.3× | 2.1% | +133.1% |
| Inox Wind INOXWIND.NS | India | $1.49B | -39% | +17% | 15% | 15.4× | n/a | n/a |
| Zhejiang Zhaolong Interconnect Technology Co. Limited 300913.SZ | China | $1.49B | -45% | +29% | 12% | 44.1× | n/a | n/a |
| Hainan Drinda New Energy Technology 002865.SZ | China | $1.49B | -45% | -4% | -13% | n/a | 19.3% | +54.9% |
| Shanghai Electric Wind Power 688660.SS | China | $1.50B | -39% | +69% | -6% | n/a | n/a | n/a |
| Up-Shine Lighting 301362.SZ | China | $1.50B | -39% | +15% | 7% | 29.5× | n/a | n/a |
| Shenzhen Hopewind Electric 603063.SS | China | $1.52B | -50% | -5% | 9% | 24.6× | 14.6% | +12.3% |
| Iljin Electric 103590.KS | South Korea | $1.52B | -65% | +24% | 9% | 11.2× | n/a | n/a |
| Cswind 112610.KS | South Korea | $1.52B | -31% | -8% | 7% | 11.6× | -0.5% | +23.8% |
| Daihen 6622.T | Japan | $1.43B | +5% | +5% | 8% | 11.4× | n/a | n/a |
| East 300376.SZ | China | $1.43B | -30% | +9% | 3% | 9.3× | n/a | n/a |
| Zhejiang Wanma 002276.SZ | China | $1.42B | -25% | +13% | 1% | 10.8× | 5.1% | +15.6% |
| Beijing Victory Electric 001393.SZ | China | $1.53B | n/a | +31% | 11% | n/a | n/a | n/a |
| Shandong Hi-tech Spring Material Technology 301292.SZ | China | $1.54B | -46% | +46% | 11% | 31.8× | n/a | n/a |
| Shenzhen SDG Information 000070.SZ | China | $1.55B | -33% | +27% | -1% | n/a | 28.4% | -1.3% |
| Pylon Technologies 688063.SS | China | $1.41B | -50% | +101% | 1% | 44.2× | n/a | n/a |
| Amara Raja Energy & Mobility ARE&M.NS | India | $1.41B | -19% | +16% | 6% | 15.5× | n/a | n/a |
| Vanchip (Tianjin) Technology 688153.SS | China | $1.41B | -31% | 0% | -8% | n/a | n/a | n/a |
| Long Young Electronic (Kunshan) 301389.SZ | China | $1.55B | -41% | +103% | 17% | 55.4× | 46.5% | +3.3% |
| Sinfonia Technology 6507.T | Japan | $1.56B | -39% | +9% | 15% | 14.2× | 15.4% | +8.0% |