Which companies are State Grid Yingda's closest peers?

The cockpit's peer set: KEI Industries (KEI.NS), Gaon Cable (000500.KS), Beijing Sifang Automation (601126.SS), Shenzhen Hfc (301716.SZ), Guangzhou Great Power Energy & Technology (300438.SZ), Ugreen (301606.SZ), Rosebank Industries (ROSE.L), XJ Electric (000400.SZ).

How has State Grid Yingda stock performed?

Over six months to 6 Nov 2026 the shares returned -21.1% against -21.9% for the median peer; over one year -18.4%.

← CockpitCompetitor Analysis › 600517.SS State Grid Yingda Co., Ltd. Class AOpen in the cockpit ↗

State Grid Yingda Co., Ltd. Class A600517.SSCompetitor analysis, valuation and peers

China · CNY·Industrials›Electrical Products

State Grid's financial-services platform, holding insurance, trust/leasing and securities units plus a specialty-cable business.

Momentum neutral 45

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$4.01B

US dollars, full cap

Free float

18%

of shares outstanding

$/day

$16.0M

20-day average traded

Fwd P/E

10.2×

forward earnings

ROIC−WACC

+11.1 pp

WACC 7.4%

Hurdle

-27 pp

Req g minus delivered

Next earnings

168 days

23 Apr 2027

Close · CNYCN¥4.67

1D+0.7%

1W+4.7%

1M-6.6%

3M-10.9%

6M-21.1%

YTD-22.3%

1Y-18.4%

ATR %2.5%

52w lowhigh40.0% off high

What State Grid Yingda does

State Grid's financial-services platform, holding insurance, trust/leasing and securities units plus a specialty-cable business.

Products and services

Insurance
Trust and leasing
Specialty electrical wire & cable

Customers

State Grid group entities
Retail/institutional financial clients

Where it sits in the supply chain

Diversified holding
Financial services…
Specialty electrical cables

What could go right

Cross-selling within State Grid ecosystem

What could go wrong

Financial-market volatility
Regulatory changes in trust/insurance

Moat: narrow (parent backing, regulatory licence). Captive financial-services provider to the State Grid group, with licensed insurance/trust units.

Headquarters: Beijing, China · Employees: 3,101

State Grid Yingda at a glance

Size State Grid Yingda (600517.SS) is a China Industrials company (Electrical Products) with a market value of $4.01B, the 640th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.67 on 6 Nov 2026.

Performance Over six months the shares fell 21.1%, against -21.9% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 19 in its peer set.

Growth Revenue grew 8.1% over the last twelve months (peer median +21.7%); the operating margin is 21.9% (peer median 7.2%).

Valuation It trades at 10.2× forward earnings against a peer median of 21.4× (5th cheapest of 19).

Price implies For today's price to make sense, revenue must grow about -18% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -27 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 11.1 points above its cost of capital (7.4% WACC).

Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: State Grid Yingda against the median of its 20 peers (local-currency closes).

State Grid Yingda financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥12.4B	CN¥11.9B	CN¥11.2B	CN¥10.9B	CN¥10.8B
Revenue growth	—	+6%	+4%	0%	—
Gross profit	CN¥4.78B	CN¥4.42B	CN¥4.09B	CN¥4.24B	CN¥3.91B
EBITDA	n/a	CN¥2.97B	CN¥2.84B	CN¥2.76B	CN¥2.62B
Net income	CN¥1.58B	CN¥2.53B	CN¥1.57B	CN¥1.36B	CN¥1.10B
Free cash flow	CN¥2.91B	CN¥1.69B	CN¥4.23B	CN¥689M	CN¥1.21B
Capital expenditure	CN¥154M	CN¥154M	CN¥181M	CN¥196M	CN¥147M
Total debt	CN¥6.02B	CN¥5.89B	CN¥8.93B	CN¥10.1B	CN¥10.7B

Quarterly statements and history in the cockpit →

State Grid Yingda competitor charts

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.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. State Grid Yingda is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. State Grid Yingda is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. State Grid Yingda is the large dot.

State Grid Yingda competitors and peer comparison

How State Grid Yingda compares with its peers

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.

State Grid Yingda against its 20 peers (data as of 6 Nov 2026)
Measure	600517.SS	Peer median	Rank in peer set
1-month return	-6.6%	-12.0%	8th highest of 21
6-month return	-21.1%	-21.9%	9th highest of 19
Distance from 52-week high	-40.0%	-47.1%	10th highest of 21
Revenue growth (TTM)	+8.1%	+21.7%	6th lowest of 20
Operating margin	21.9%	7.2%	2nd highest of 21
Forward P/E	10.2×	21.4×	5th cheapest of 19
Growth the price implies (Req g, 7 yrs)	-18.5%	25.3%	least demanding of 6
Growth delivered (Del g)	+8.1%	+20.5%	2nd lowest of 5
Hurdle (Req g minus delivered)	-26.6 pp	+3.9 pp	least demanding of 5
ROIC minus cost of capital	+11.1 pp	-1.6 pp	4th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
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
Gaon Cable 000500.KS	South Korea	$3.97B	+50%	+32%	3%	n/a	n/a	n/a
Beijing Sifang Automation 601126.SS	China	$3.94B	-44%	+9%	9%	27.8×	25.3%	+16.3%
Shenzhen Hfc 301716.SZ	China	$3.93B	n/a	+114%	44%	n/a	45.3%	n/a
Guangzhou Great Power Energy & Technology 300438.SZ	China	$3.90B	-50%	+125%	7%	11.7×	9.7%	+26.8%
Ugreen 301606.SZ	China	$4.13B	-23%	+50%	9%	25.4×	n/a	n/a
Rosebank Industries ROSE.L	United Kingdom	$4.15B	-12%	n/a	13%	18.8×	n/a	n/a
XJ Electric 000400.SZ	China	$3.86B	0%	-8%	6%	23.5×	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%
Hainan Jinpan Smart Technology 688676.SS	China	$3.75B	-38%	+12%	10%	29.4×	28.5%	+24.7%
DPC DPC	United States	$4.30B	n/a	+12%	-1%	31.9×	n/a	n/a
Dajin Heavy Industry 002487.SZ	China	$3.71B	-60%	-2%	19%	19.6×	n/a	n/a
Wuhan Raycus Fiber Laser Technologies 300747.SZ	China	$3.67B	+22%	+16%	6%	76.8×	n/a	n/a
Shanghai Moons Electrical 603728.SS	China	$3.66B	-1%	+22%	4%	183.9×	n/a	n/a
Henan Pinggao Electric 600312.SS	China	$4.43B	-1%	-6%	13%	21.1×	n/a	n/a
CNGR Advanced Material 2579.HK	Hong Kong	$4.48B	-58%	+53%	7%	5.6×	n/a	n/a
CALB 3931.HK	Hong Kong	$3.57B	-59%	+80%	7%	8.1×	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

Questions

Which companies are State Grid Yingda's closest peers?: The cockpit's peer set: KEI Industries (KEI.NS), Gaon Cable (000500.KS), Beijing Sifang Automation (601126.SS), Shenzhen Hfc (301716.SZ), Guangzhou Great Power Energy & Technology (300438.SZ), Ugreen (301606.SZ), Rosebank Industries (ROSE.L), XJ Electric (000400.SZ).
Is State Grid Yingda expensive compared with its peers?: On forward p/e it trades at 10.2× against a peer median of 21.4×, 5th cheapest of 19 in its peer set. For today's price to make sense, revenue must grow about -18% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -27 pp: the price already allows for a slowdown.
How has State Grid Yingda stock performed?: Over six months to 6 Nov 2026 the shares returned -21.1% against -21.9% for the median peer; over one year -18.4%.