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Chinese maker of home/commercial energy-storage systems combining solar inverters, EV chargers and batteries into one modular unit.
Chinese maker of home/commercial energy-storage systems combining solar inverters, EV chargers and batteries into one modular unit.
Sells through installers and distributors outside China, with Europe and Australia among its main markets, so it benefits from home-battery subsidies there. Its pitch is a single box that replaces separate inverter, charger and battery installations, which cuts installation labour.
In one line: China's Enphase/SolarEdge, storage-first.
Moat: narrow (IP / patents, process know-how, brand). Fast-scaling product integration led by an ex-Huawei solar team, but residential storage is intensely competitive.
Headquarters: Shanghai, China · Founded: 2022
Size Sigenergy Technology (6656.HK) is a Hong Kong Industrials company (Electrical Products) with a market value of $8.31B, the 188th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$262.00 on 6 Nov 2026.
Performance Over six months the shares fell 51.0%, against -14.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 577.0% over the last twelve months (peer median +16.7%); the operating margin is 36.0% (peer median 13.8%).
Valuation It trades at 11.0× forward earnings against a peer median of 15.0× (4th cheapest of 20).
Capital Return on invested capital runs 50.1 points above its cost of capital (5.4% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | HK$9.76B | HK$1.44B | HK$64.4M |
| Revenue growth | — | +577% | +2,138% | — |
| Gross profit | n/a | HK$4.84B | HK$644M | HK$1.65M |
| EBITDA | n/a | HK$3.59B | HK$149M | -HK$397M |
| Net income | n/a | HK$3.17B | HK$90.9M | -HK$413M |
| Free cash flow | n/a | -HK$642M | -HK$159M | -HK$513M |
| Capital expenditure | n/a | HK$403M | HK$47.2M | HK$103M |
| Total debt | n/a | HK$1.94B | HK$458M | HK$276M |
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 |
|---|---|---|---|---|---|---|
| Sigenergy Technology 6656.HK | $8.31B | -51% | +577% | 36% | 11.0× | n/a |
| Sungrow Power Supply 300274.SZ | $25.3B | -40% | -24% | 12% | 14.9× | 12.1% |
| Enphase Energy ENPH | $3.77B | -22% | -20% | 13% | 27.0× | 18.7% |
| SolarEdge Technologies SEDG | $1.69B | -33% | +26% | -6% | n/a | 11.4% |
| Goodwe Technologies 688390.SS | $1.93B | -51% | +53% | 5% | 17.1× | 17.4% |
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 | 6656.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.1% | -5.6% | 3rd highest of 21 |
| 6-month return | -51.0% | -14.7% | 5th lowest of 20 |
| Distance from 52-week high | -60.8% | -42.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +577.0% | +16.7% | highest of 21 |
| Operating margin | 36.0% | 13.8% | highest of 21 |
| Forward P/E | 11.0× | 15.0× | 4th cheapest of 20 |
| ROIC minus cost of capital | +50.1 pp | +2.9 pp | highest of 21 |
| EV / EBITDA | 16.4× | 13.2× | 2nd most expensive of 10 |
| Net debt / EBITDA | -1.7× | -0.1× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sigenergy Technology 6656.HK | Hong Kong | $8.31B | -51% | +577% | 36% | 11.0× | n/a | n/a |
| China XD Electric 601179.SS | China | $8.51B | -35% | +7% | 8% | 36.0× | n/a | n/a |
| 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 |
| Bizlink 3665.TW | Taiwan | $8.00B | -54% | +33% | 17% | 14.2× | 5.3% | +25.9% |
| Anker Innovations Technology 0668.HK | Hong Kong | $8.68B | n/a | +28% | 11% | 14.8× | 22.2% | +25.8% |
| 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 |
| Furukawa Electric 5801.T | Japan | $8.75B | -54% | +13% | 6% | 11.9× | n/a | n/a |
| Hongfa Technology 600885.SS | China | $7.81B | +8% | +34% | 14% | 22.9× | 9.0% | +17.2% |
| 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 |
| Ngk 5333.T | Japan | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% | +8.2% |
| 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% |
| Goldenmax International 002636.SZ | China | $7.20B | +47% | +79% | 30% | n/a | 24.4% | +4.4% |
| Fuji Electric 6504.T | Japan | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% | +7.0% |
| Hd Hyundai Electric 267260.KS | South Korea | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% | +17.6% |
| 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 |