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Chinese leader in battery energy-storage systems (BESS), providing full-stack storage solutions for power grids and renewable plants.
Chinese leader in battery energy-storage systems (BESS), providing full-stack storage solutions for power grids and renewable plants.
Buys battery cells from suppliers, integrates them with inverters and its own control software into storage systems, and sells projects, so revenue follows large tender wins from state-owned power companies and renewable developers, and profit depends on its integration markup over cell costs. Revenue is recognised when projects are delivered and accepted, which makes timing lumpy.
Moat: narrow (scale, installed base). Ranked #1 in domestic operational storage installations with a large global project base (60+ GWh).
Headquarters: Beijing, China · Employees: 1,418
Size Beijing HyperStrong Technology (688411.SS) is a China Information Technology company (Packaged Software) with a market value of $4.99B, the 503rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥182.50 on 6 Nov 2026.
Performance Over six months the shares fell 29.1%, against +16.7% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 19 in its peer set.
Growth Revenue grew 37.8% over the last twelve months (peer median +13.7%); the operating margin is 11.8% (peer median 14.5%).
Valuation It trades at 16.7× forward earnings against a peer median of 23.5× (5th cheapest of 16).
Capital Return on invested capital runs 1.0 points above its cost of capital (12.3% WACC).
Next results Next results expected around 5 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.1B | CN¥11.6B | CN¥8.26B | CN¥6.96B | CN¥2.62B |
| Revenue growth | — | +40% | +19% | +166% | — |
| Gross profit | CN¥3.28B | CN¥2.06B | CN¥1.50B | CN¥1.31B | CN¥519M |
| EBITDA | n/a | CN¥1.23B | CN¥814M | CN¥774M | CN¥283M |
| Net income | CN¥1.48B | CN¥951M | CN¥648M | CN¥578M | CN¥177M |
| Free cash flow | -CN¥562M | CN¥38.9M | CN¥669M | -CN¥83.4M | CN¥581M |
| Capital expenditure | CN¥949M | CN¥473M | CN¥218M | CN¥186M | CN¥49.9M |
| Total debt | CN¥7.93B | CN¥5.75B | CN¥4.50B | CN¥2.96B | CN¥1.61B |
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 |
|---|---|---|---|---|---|---|
| Beijing HyperStrong Technology 688411.SS | $4.99B | -29% | +38% | 12% | 16.7× | n/a |
| Sungrow Power Supply 300274.SZ | $25.3B | -40% | -24% | 12% | 14.9× | 12.1% |
| Sineng Electric 300827.SZ | $2.35B | -25% | +29% | 12% | 24.7× | n/a |
| Fluence Energy FLNC | $973M | -78% | +7% | -4% | n/a | n/a |
| Kehua Data 002335.SZ | $2.81B | -41% | +5% | 5% | 31.4× | 16.7% |
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 | 688411.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.4% | +3.7% | 7th highest of 21 |
| 6-month return | -29.1% | +16.7% | 3rd lowest of 19 |
| Distance from 52-week high | -57.2% | -24.0% | 2nd lowest of 21 |
| Revenue growth (TTM) | +37.8% | +13.7% | 5th highest of 21 |
| Operating margin | 11.8% | 14.5% | 10th lowest of 21 |
| Forward P/E | 16.7× | 23.5× | 5th cheapest of 16 |
| ROIC minus cost of capital | +1.0 pp | -0.8 pp | 8th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing HyperStrong Technology 688411.SS | China | $4.99B | -29% | +38% | 12% | 16.7× | n/a | n/a |
| Sezzle SEZL | United States | $5.05B | +146% | +43% | 40% | 22.4× | 28.8% | +50.3% |
| Baige Online Digital Technology 2672.HK | Hong Kong | $5.07B | n/a | +34% | -3% | n/a | n/a | n/a |
| iSoftStone Information Technology (Group) 301236.SZ | China | $5.13B | -16% | +13% | 0% | 105.2× | n/a | n/a |
| Lumine LMN.V | Canada | $5.14B | +38% | +15% | 21% | 18.1× | 15.6% | +36.8% |
| Asseco Poland ACP.WA | Poland | $4.85B | +31% | +2% | 11% | 23.5× | 4.0% | +6.6% |
| Mphasis MPHASIS.NS | India | $5.15B | +15% | +14% | 15% | 22.4× | 28.7% | +10.6% |
| BlackBerry BB.TO | Canada | $5.16B | +48% | +14% | 16% | 40.8× | 33.6% | -8.6% |
| AutoStore AUTO.OL | Norway | $5.20B | +8% | +17% | 33% | 27.4× | 18.5% | +27.0% |
| Shanghai Stonehill Technology 002195.SZ | China | $4.77B | -34% | +11% | -25% | 284.5× | n/a | n/a |
| OBIC Business Consultants 4733.T | Japan | $4.74B | +62% | +12% | 47% | 36.1× | 3.2% | +11.9% |
| Yonyou Network Technology 600588.SS | China | $4.72B | -21% | +4% | -16% | n/a | n/a | n/a |
| 37 Interactive Entertainment Network Technology 002555.SZ | China | $5.29B | -24% | -10% | 14% | 14.2× | 5.0% | +2.1% |
| Trend Micro 4704.T | Japan | $5.39B | +18% | +7% | 18% | 27.4× | -4.1% | +9.7% |
| Beijing DeepZero Technology 2723.HK | Hong Kong | $4.58B | n/a | +31% | 1% | n/a | n/a | n/a |
| Waystar WAY | United States | $5.45B | +33% | +21% | 24% | 15.8× | 7.5% | +16.0% |
| Planet Labs PBC PL | United States | $4.57B | -68% | +44% | -26% | n/a | n/a | n/a |
| Kingnet Network 002517.SZ | China | $5.47B | -4% | +62% | 29% | 13.7× | 6.3% | +28.1% |
| HeartFlow HTFL | United States | $4.56B | +15% | +40% | -34% | n/a | n/a | n/a |
| RXO RXO | United States | $4.55B | +27% | +10% | 0% | 53.0× | n/a | n/a |
| CCC Intelligent Solutions CCC | United States | $4.54B | +50% | +11% | 18% | 15.1× | 11.2% | +10.8% |