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Chinese maker of smart electricity meters and power-grid metering equipment, despite the 'Medical' name.
Chinese maker of smart electricity meters and power-grid metering equipment, despite the 'Medical' name.
Wins supply in periodic tenders from China's grid companies and in export contracts, so orders arrive in batches. Meters are installed once and replaced on a cycle of years, so income follows grid rollout and replacement programs.
Moat: narrow (customer qualification, installed base). Qualified supplier status with grid utilities in China and export markets.
Headquarters: Ningbo, China · Employees: 12,843
Size Ningbo Sanxing Medical Electric (601567.SS) is a China Information Technology company (Electronic Equipment/Instruments) with a market value of $2.66B, the 971st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.61 on 6 Nov 2026.
Performance Over six months the shares fell 37.1%, against -25.1% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 10.6% over the last twelve months (peer median +11.0%); the operating margin is 2.8% (peer median 9.7%).
Valuation It trades at 15.8× forward earnings against a peer median of 21.6× (5th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.7 points below its cost of capital (5.1% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥13.6B | CN¥14.3B | CN¥14.6B | CN¥11.4B | CN¥9.03B |
| Revenue growth | — | -2% | +27% | +26% | — |
| Gross profit | CN¥3.78B | CN¥3.75B | CN¥4.83B | CN¥3.73B | CN¥2.50B |
| EBITDA | n/a | CN¥1.78B | CN¥2.97B | CN¥2.09B | CN¥1.35B |
| Net income | CN¥446M | CN¥1.27B | CN¥2.26B | CN¥1.90B | CN¥948M |
| Free cash flow | CN¥1.39B | CN¥882M | CN¥891M | CN¥1.41B | CN¥903M |
| Capital expenditure | CN¥585M | CN¥940M | CN¥1.04B | CN¥556M | CN¥404M |
| Total debt | CN¥3.91B | CN¥6.66B | CN¥4.95B | CN¥4.23B | CN¥2.33B |
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 |
|---|---|---|---|---|---|---|
| Ningbo Sanxing Medical Electric 601567.SS | $2.66B | -37% | -11% | 3% | 15.8× | 4.8% |
| Wasion 3393.HK | $1.43B | -59% | +22% | 16% | 8.0× | -11.3% |
| Hexing Electrical 603556.SS | $1.61B | -23% | +6% | 9% | 14.2× | 0.1% |
| Jiangsu Linyang Energy 601222.SS | $1.74B | -6% | +35% | 8% | 15.4× | n/a |
| Landis+Gyr LAND.SW | $2.01B | +17% | -22% | 25% | 21.5× | -10.2% |
| Itron ITRI | $4.32B | +20% | -4% | 14% | 14.5× | 9.2% |
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 | 601567.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.3% | -11.6% | 9th highest of 21 |
| 6-month return | -37.1% | -25.1% | 7th lowest of 21 |
| Distance from 52-week high | -62.5% | -49.9% | 5th lowest of 21 |
| Revenue growth (TTM) | -10.6% | +11.0% | 2nd lowest of 21 |
| Operating margin | 2.8% | 9.7% | 4th lowest of 21 |
| Forward P/E | 15.8× | 21.6× | 5th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 4.8% | 14.1% | 3rd least demanding of 14 |
| Growth delivered (Del g) | +15.1% | +13.4% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | -10.3 pp | -1.5 pp | 3rd least demanding of 14 |
| ROIC minus cost of capital | -0.7 pp | -1.5 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Sanxing Medical Electric 601567.SS | China | $2.66B | -37% | -11% | 3% | 15.8× | 4.8% | +15.1% |
| Shenzhen CSL Vacuum Science & Technology 688785.SS | China | $2.62B | -21% | -2% | 18% | n/a | n/a | n/a |
| Focuslight Technologies 688167.SS | China | $2.71B | -44% | +22% | -9% | 284.8× | n/a | n/a |
| Oxford Nanopore Technologies ONT.L | United Kingdom | $2.71B | +75% | +15% | -55% | n/a | n/a | n/a |
| Suzhou HYC Technology 688001.SS | China | $2.59B | -31% | +19% | 6% | 61.1× | 37.6% | +5.9% |
| Dexerials 4980.T | Japan | $2.55B | -4% | +5% | 35% | 13.8× | 15.0% | +11.6% |
| Vaisala VAIAS.HE | Finland | $2.54B | +22% | +2% | 16% | 26.9× | 9.7% | +9.5% |
| Kehua Data 002335.SZ | China | $2.81B | -41% | +5% | 5% | 31.4× | 16.7% | +14.4% |
| GeniuS Electronic Optical 3406.TW | Taiwan | $2.81B | +59% | +16% | 20% | 20.1× | 5.9% | +9.5% |
| Ginlong Technologies 300763.SZ | China | $2.98B | -47% | +4% | 11% | 19.2× | 10.0% | +27.2% |
| Sineng Electric 300827.SZ | China | $2.35B | -25% | +29% | 12% | 24.7× | n/a | n/a |
| Shanghai Lingang 600848.SS | China | $3.00B | -9% | -26% | 15% | 19.4× | 12.9% | +15.1% |
| Addsino 000547.SZ | China | $3.02B | -49% | -6% | -54% | n/a | n/a | n/a |
| Keli Sensing Technology (Ningbo) 603662.SS | China | $2.28B | -4% | +24% | 19% | 51.6× | 24.7% | +13.4% |
| Syntec Technology 7750.TW | Taiwan | $3.15B | -46% | +60% | 25% | 13.2× | 17.2% | +24.3% |
| GRG Banking Equipment 002152.SZ | China | $3.26B | -25% | 0% | 9% | 23.0× | 4.0% | +13.5% |
| Shenzhen SEICHI Technologies 688627.SS | China | $3.37B | -24% | +65% | 3% | 89.1× | n/a | n/a |
| ULVAC 6728.T | Japan | $2.01B | -34% | +7% | 7% | 15.5× | 14.1% | +8.0% |
| Diebold Nixdorf DBD | United States | $1.96B | -25% | +6% | 9% | 10.5× | -2.0% | -0.5% |
| Goodwe Technologies 688390.SS | China | $1.93B | -51% | +53% | 5% | 17.1× | 17.4% | +41.2% |
| Shenzhen Everbest Machinery Industry 002980.SZ | China | $1.90B | -16% | +64% | 23% | n/a | n/a | n/a |