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Wind turbine manufacturing arm of Sany Group, China's large heavy-machinery conglomerate.
Wind turbine manufacturing arm of Sany Group, China's large heavy-machinery conglomerate.
Sells wind turbines to power groups largely through competitive tenders, where price is decisive, so volumes depend on China's installation pace and margins on how well it controls component costs. It belongs to Sany Group, which also makes the cranes used to build wind farms.
Moat: narrow (parent backing, scale). Leverages Sany Group's manufacturing scale and balance sheet in a competitive turbine market.
Headquarters: Beijing, China · Founded: 2008 · Employees: 7,463
Size Sany Renewable Energy (688349.SS) is a China Industrials company (Electrical Products) with a market value of $3.50B, the 739th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥14.93 on 6 Nov 2026.
Performance Over six months the shares fell 21.7%, against -25.9% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 18 in its peer set.
Growth Revenue grew 30.1% over the last twelve months (peer median +25.5%); the operating margin is 1.9% (peer median 9.6%).
Valuation It trades at 21.7× forward earnings against a peer median of 19.6× (9th most expensive of 18).
Capital Return on invested capital runs 3.7 points below its cost of capital (6.6% WACC).
Next results Next results expected around 4 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥30.2B | CN¥27.3B | CN¥17.7B | CN¥14.9B | CN¥12.3B |
| Revenue growth | — | +54% | +19% | +21% | — |
| Gross profit | CN¥2.90B | CN¥2.38B | CN¥2.74B | CN¥1.84B | CN¥2.75B |
| EBITDA | CN¥1.29B | CN¥1.06B | CN¥1.69B | CN¥488M | CN¥1.23B |
| Net income | CN¥961M | CN¥712M | CN¥1.81B | CN¥2.01B | CN¥1.65B |
| Free cash flow | -CN¥7.72B | -CN¥2.28B | -CN¥2.10B | -CN¥2.59B | -CN¥1.80B |
| Capital expenditure | CN¥1.12B | CN¥1.41B | CN¥1.92B | CN¥3.75B | CN¥2.62B |
| Total debt | CN¥12.9B | CN¥9.24B | CN¥6.98B | CN¥6.88B | CN¥6.20B |
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 |
|---|---|---|---|---|---|---|
| Sany Renewable Energy 688349.SS | $3.50B | -22% | +30% | 2% | 21.7× | n/a |
| Goldwind Science & Technology 002202.SZ | $8.58B | -45% | +11% | 6% | 16.6× | n/a |
| Ming Yang Smart Energy 601615.SS | $2.80B | -47% | +8% | -4% | 19.4× | n/a |
| Windey Energy Technology 300772.SZ | $1.09B | -42% | +23% | -2% | n/a | n/a |
| Vestas Wind Systems A/S VWS.CO | $31.0B | +8% | +10% | 7% | 21.3× | 0.5% |
| Nordex NDX1.DE | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% |
| GE Vernova GEV | $205B | -26% | +17% | 7% | 32.2× | 24.9% |
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 | 688349.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.3% | -12.0% | 4th highest of 21 |
| 6-month return | -21.7% | -25.9% | 7th highest of 18 |
| Distance from 52-week high | -38.1% | -47.1% | 9th highest of 21 |
| Revenue growth (TTM) | +30.1% | +25.5% | 7th highest of 21 |
| Operating margin | 1.9% | 9.6% | lowest of 21 |
| Forward P/E | 21.7× | 19.6× | 9th most expensive of 18 |
| ROIC minus cost of capital | -3.7 pp | +1.2 pp | 5th lowest of 20 |
| Net debt / EBITDA | 1.2× | -0.0× | 5th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sany Renewable Energy 688349.SS | China | $3.50B | -22% | +30% | 2% | 21.7× | n/a | n/a |
| LS 006260.KS | South Korea | $3.51B | -62% | +30% | 4% | 8.0× | n/a | n/a |
| Dhoot Transmission DHOOTTRANS.NS | India | $3.46B | n/a | +31% | 13% | 52.6× | n/a | n/a |
| Luoyang Bearing 301699.SZ | China | $3.45B | n/a | +29% | 11% | n/a | n/a | n/a |
| CALB 3931.HK | Hong Kong | $3.57B | -59% | +80% | 7% | 8.1× | n/a | n/a |
| Taiyo 4626.T | Japan | $3.36B | -5% | +18% | 25% | 17.0× | 5.0% | +11.2% |
| T&S Communications 300570.SZ | China | $3.36B | -25% | +40% | 18% | 47.3× | 43.8% | +21.8% |
| Shanghai Moons Electrical 603728.SS | China | $3.66B | -1% | +22% | 4% | 183.9× | n/a | n/a |
| Wuhan Raycus Fiber Laser Technologies 300747.SZ | China | $3.67B | +22% | +16% | 6% | 76.8× | n/a | n/a |
| Dajin Heavy Industry 002487.SZ | China | $3.71B | -60% | -2% | 19% | 19.6× | n/a | n/a |
| Harbin Electric 1133.HK | Hong Kong | $3.27B | -54% | +13% | 7% | 6.2× | n/a | n/a |
| Hainan Jinpan Smart Technology 688676.SS | China | $3.75B | -38% | +12% | 10% | 29.4× | 28.5% | +24.7% |
| XJ Electric 000400.SZ | China | $3.86B | 0% | -8% | 6% | 23.5× | n/a | n/a |
| Guangzhou Great Power Energy & Technology 300438.SZ | China | $3.90B | -50% | +125% | 7% | 11.7× | 9.7% | +26.8% |
| Maruwa 5344.T | Japan | $3.12B | -46% | +26% | 36% | 19.5× | n/a | n/a |
| Shenzhen Hfc 301716.SZ | China | $3.93B | n/a | +114% | 44% | n/a | 45.3% | n/a |
| Beijing Sifang Automation 601126.SS | China | $3.94B | -44% | +9% | 9% | 27.8× | 25.3% | +16.3% |
| Zhefu 002266.SZ | China | $3.09B | -26% | +27% | 8% | 9.3× | n/a | n/a |
| Gaon Cable 000500.KS | South Korea | $3.97B | +50% | +32% | 3% | n/a | n/a | n/a |
| 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 |