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Major Chinese maker of low-voltage electrical equipment (circuit breakers, switches), also with a solar module business.
Major Chinese maker of low-voltage electrical equipment (circuit breakers, switches), also with a solar module business.
Sells low-voltage breakers, switches and related gear mainly through a large network of distributors and dealers to builders and industrial customers. The solar module line is sold under project contracts and moves with module prices. The Nan Cunhui family's Chint Group controls the company.
In one line: China's Schneider Electric/Eaton for low-voltage gear.
Moat: narrow (brand, distribution, scale). Strong domestic brand and distribution network in low-voltage gear, plus a growing solar arm.
Headquarters: Yueqing, China · Founded: 1984 · Employees: 30,214
Size Zhejiang Chint Electrics (601877.SS) is a China Industrials company (Electrical Products) with a market value of $7.97B, the 311th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥24.73 on 6 Nov 2026.
Performance Over six months the shares fell 24.4%, against -14.7% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 4.0% over the last twelve months (peer median +20.5%); the operating margin is 13.6% (peer median 13.1%).
Valuation It trades at 10.1× forward earnings against a peer median of 15.1× (3rd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.1 points above its cost of capital (5.9% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥67.1B | CN¥58.7B | CN¥64.2B | CN¥57.1B | CN¥45.8B |
| Revenue growth | — | -8% | +12% | +25% | — |
| Gross profit | CN¥17.6B | CN¥14.6B | CN¥14.4B | CN¥12.0B | CN¥10.1B |
| EBITDA | n/a | CN¥11.1B | CN¥10.1B | CN¥8.98B | CN¥7.00B |
| Net income | CN¥4.55B | CN¥4.50B | CN¥3.87B | CN¥3.69B | CN¥4.02B |
| Free cash flow | CN¥25.3B | CN¥21.8B | CN¥12.6B | CN¥1.12B | -CN¥3.23B |
| Capital expenditure | CN¥1.70B | CN¥1.89B | CN¥2.95B | CN¥4.36B | CN¥10.7B |
| Total debt | CN¥68.0B | CN¥70.5B | CN¥55.5B | CN¥43.3B | CN¥36.4B |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Chint Electrics 601877.SS | $7.97B | -24% | +4% | 14% | 10.1× | -8.3% |
| Schneider Electric SU.PA | $151B | -16% | +7% | 18% | 22.2× | 18.0% |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
| ABB ABBN.SW | $147B | -17% | +1% | 18% | 24.5× | 4.3% |
| Siemens SIE.DE | $225B | -4% | +4% | 13% | 23.4× | 18.3% |
| Legrand LR.PA | $38.0B | -16% | +10% | 21% | 22.0× | 15.6% |
| LONGi Green Energy Technology 601012.SS | $14.1B | -25% | -16% | -12% | n/a | n/a |
| JA Solar Technology 002459.SZ | $3.50B | -35% | -23% | n/a | n/a | -20.3% |
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 | 601877.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.7% | -5.6% | 10th highest of 21 |
| 6-month return | -24.4% | -14.7% | 8th lowest of 20 |
| Distance from 52-week high | -41.3% | -43.4% | 10th highest of 21 |
| Revenue growth (TTM) | +4.0% | +20.5% | 4th lowest of 21 |
| Operating margin | 13.6% | 13.1% | 11th highest of 21 |
| Forward P/E | 10.1× | 15.1× | 3rd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -8.3% | 13.3% | least demanding of 11 |
| Growth delivered (Del g) | +12.1% | +12.4% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | -20.4 pp | -1.5 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +1.1 pp | +2.9 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Chint Electrics 601877.SS | China | $7.97B | -24% | +4% | 14% | 10.1× | -8.3% | +12.1% |
| Zhuzhou CRRC Times Electric 3898.HK | Hong Kong | $7.95B | -24% | +17% | 14% | 7.5× | n/a | n/a |
| Bizlink 3665.TW | Taiwan | $8.00B | -54% | +33% | 17% | 14.2× | 5.3% | +25.9% |
| Hongfa Technology 600885.SS | China | $7.81B | +8% | +34% | 14% | 22.9× | 9.0% | +17.2% |
| Sigenergy Technology 6656.HK | Hong Kong | $8.31B | -51% | +577% | 36% | 11.0× | n/a | n/a |
| Havells India HAVELLS.NS | India | $7.47B | -11% | +16% | 7% | 44.0× | 39.8% | +16.6% |
| Shenzhen Kedali Industry 002850.SZ | China | $7.46B | -9% | +40% | 12% | 22.2× | n/a | n/a |
| China XD Electric 601179.SS | China | $8.51B | -35% | +7% | 8% | 36.0× | n/a | n/a |
| Ngk 5333.T | Japan | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% | +8.2% |
| SUPCON Technology 688777.SS | China | $8.58B | -9% | -6% | -3% | 116.4× | n/a | n/a |
| Goldwind Science & Technology 2208.HK | Hong Kong | $8.58B | -57% | +24% | 6% | 7.2× | n/a | n/a |
| Anker Innovations Technology 0668.HK | Hong Kong | $8.68B | n/a | +28% | 11% | 14.8× | 22.2% | +25.8% |
| Furukawa Electric 5801.T | Japan | $8.75B | -54% | +13% | 6% | 11.9× | n/a | n/a |
| Goldenmax International 002636.SZ | China | $7.20B | +47% | +79% | 30% | n/a | 24.4% | +4.4% |
| Anji Microelectronics Technology (Shanghai) 688019.SS | China | $7.05B | +7% | +35% | 32% | 31.6× | 28.1% | +42.8% |
| Shanghai Putailai New Energy Technology 603659.SS | China | $6.87B | -41% | +44% | 14% | 14.2× | n/a | n/a |
| Nkt A/s NKT.CO | Denmark | $6.73B | -15% | +2% | 7% | 26.4× | n/a | n/a |
| Smiths SMIN.L | United Kingdom | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% | -4.2% |
| Acuity AYI | United States | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% | +6.0% |
| Fuji Electric 6504.T | Japan | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% | +7.0% |
| Shenzhen Megmeet Electrical 002851.SZ | China | $6.55B | -38% | +29% | 1% | 60.9× | n/a | n/a |