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Maker of lithium battery energy-storage systems for homes and businesses, sold globally including in Europe.
Maker of lithium battery energy-storage systems for homes and businesses, sold globally including in Europe.
Sells batteries to installers and distributors in Europe, Australia and elsewhere, mostly for homes, so revenue depends on residential solar installation volumes and subsidies and on stock held by distributors. Most sales are outside China.
In one line: A Chinese Tesla Powerwall competitor.
Moat: narrow (brand, distribution, installed base). Recognized global brand among solar installers for residential storage, in a market with growing competition.
Headquarters: Shanghai, China · Founded: 2009 · Employees: 3,171
Size Pylon Technologies (688063.SS) is a China Industrials company (Electrical Products) with a market value of $1.41B, the 1717th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥38.37 on 6 Nov 2026.
Performance Over six months the shares fell 50.1%, against -35.2% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 101.0% over the last twelve months (peer median +12.9%); the operating margin is 0.8% (peer median 6.2%).
Valuation It trades at 44.2× forward earnings against a peer median of 17.6× (most expensive of 16).
Capital Return on invested capital runs 4.7 points below its cost of capital (7.8% WACC).
Next results Next results expected around 9 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.23B | CN¥3.15B | CN¥2.00B | CN¥3.30B | CN¥6.00B |
| Revenue growth | — | +58% | -39% | -45% | — |
| Gross profit | CN¥1.13B | CN¥491M | CN¥527M | CN¥986M | CN¥2.05B |
| EBITDA | n/a | CN¥168M | CN¥236M | CN¥554M | CN¥1.53B |
| Net income | CN¥100.0M | CN¥84.7M | CN¥41.1M | CN¥516M | CN¥1.27B |
| Free cash flow | -CN¥1.12B | CN¥258M | CN¥300M | -CN¥38.6M | CN¥196M |
| Capital expenditure | CN¥951M | CN¥509M | CN¥493M | CN¥1.20B | CN¥776M |
| Total debt | CN¥3.96B | CN¥1.92B | CN¥1.17B | CN¥1.12B | CN¥1.57B |
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 |
|---|---|---|---|---|---|---|
| Pylon Technologies 688063.SS | $1.41B | -50% | +101% | 1% | 44.2× | n/a |
| BYD 1211.HK | $98.9B | -26% | 0% | 4% | 15.8× | n/a |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 176.4× | n/a |
| Sungrow Power Supply 300274.SZ | $25.3B | -40% | -24% | 12% | 14.9× | 12.1% |
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 | 688063.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.9% | -4.4% | 9th lowest of 21 |
| 6-month return | -50.1% | -35.2% | 2nd lowest of 20 |
| Distance from 52-week high | -56.6% | -52.2% | 8th lowest of 21 |
| Revenue growth (TTM) | +101.0% | +12.9% | highest of 20 |
| Operating margin | 0.8% | 6.2% | 4th lowest of 20 |
| Forward P/E | 44.2× | 17.6× | most expensive of 16 |
| ROIC minus cost of capital | -4.7 pp | -3.6 pp | 9th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Zhejiang Wanma 002276.SZ | China | $1.42B | -25% | +13% | 1% | 10.8× | 5.1% | +15.6% |
| East 300376.SZ | China | $1.43B | -30% | +9% | 3% | 9.3× | n/a | n/a |
| Daihen 6622.T | Japan | $1.43B | +5% | +5% | 8% | 11.4× | n/a | n/a |
| Eaglerise Electric & Electronic (China) 002922.SZ | China | $1.39B | -44% | +14% | 6% | 25.0× | n/a | n/a |
| Ocean's King Lighting Science & Technology 002724.SZ | China | $1.39B | +89% | -3% | 6% | n/a | 21.3% | +0.3% |
| Allient ALNT | United States | $1.38B | +22% | +11% | 9% | 22.8× | 27.9% | +8.6% |
| Shenzhen Woer Heat-Shrinkable Material 9981.HK | Hong Kong | $1.38B | -52% | +26% | 15% | 7.6× | -11.2% | +14.8% |
| Hubei Zhongyi Technology 301150.SZ | China | $1.38B | -40% | +48% | 3% | 34.7× | 14.6% | +38.1% |
| Ushio 6925.T | Japan | $1.37B | -15% | +6% | 8% | 17.6× | 8.3% | +8.6% |
| V-Guard Industries VGUARD.NS | India | $1.35B | -12% | +22% | 8% | 27.6× | 19.3% | +17.0% |
| 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 |
| Accelevation ACCV | United States | $1.33B | n/a | n/a | n/a | n/a | n/a | n/a |