Electrical Components and Equipment

TBEA

TBEA Responds to Profit Decline and Xinte Energy's Lower Valuation Compared to Peers

TBEA released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 24.95 B (forecast CNY 26.44 B), actual EPS CNY 0.3614

TBEA to Release FY2026 Q1 Earnings on April 30 During-Market (BJT), Forecast Revenue CNY 26.44 B

TBEA released FY2025 Q4 earnings on April 15 After-Market (BJT), actual revenue CNY 24.31 B (forecast CNY 26.84 B), actual EPS CNY 0.0683

TBEA released FY2025 annual earnings on April 15 After-Market (BJT), actual revenue CNY 97.23 B (forecast CNY 100.92 B), actual EPS CNY 1.161 (forecast CNY 1.2873)

TBEA to Release FY2025 Earnings on April 16 After-Market (BJT), Forecast Revenue CNY 100.92 B, EPS CNY 1.2873

TBEA released FY2025 Q3 earnings on October 30 Pre-Market (BJT), actual revenue CNY 24.57 B (forecast CNY 25.53 B), actual EPS CNY 0.4581

TBEA released FY2025 9 Months Earnings on October 30 Pre-Market (BJT), actual revenue CNY 72.92 B, actual EPS CNY 1.0923

TBEA to Release FY2025 Q3 Earnings on October 31 Pre-Market (BJT), Forecast Revenue CNY 25.53 B

TBEA to Release FY2025 Semi-Annual Earnings on August 30, 2025 (BJT)

TBEA released FY2025 Semi-Annual Earnings on August 20 After-Market (BJT), actual revenue CNY 48.35 B, actual EPS CNY 0.6342

TBEA released FY2025 Q2 earnings on August 20 After-Market (BJT), actual revenue CNY 25.02 B (forecast CNY 24.97 B), actual EPS CNY 0.3154

TBEA's Cable Product Sales and Indian Factory Market Development

Citi Upgrades TBEA Rating to Buy

TBEA Responds to Investors on Subsidiary Capacity and Valuation Enhancement Plan

Trina Tech's polysilicon production cost was about 43,000 yuan/ton in Q1 2025

TBEA Responds to Influences of Green Power Direct Connection and Executive Compensation

Trina Power's ESG Rating Upgraded to AA

TBEA Responds to Investors on P/B Ratio and Ultra-High Voltage Project Planning

Agricultural Bank Financial Increases Investment in New Energy Company by 100 Million Yuan

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36Kr learned that the Aiqicha App shows that recently, Xinjiang TBEA Loulan New Energy Co., Ltd. underwent a business change, with its registered capital increased from RMB 827 million to RMB 1.317 billion, an increase of approximately 59%. The company was established in April 2021, with Hu Youcheng as the legal representative. Its business scope includes power generation, transmission, supply (distribution) of electricity, and heat production and supply, among others

36Kr

TBEA's subsidiary Loulan New Energy Company increases its registered capital to 1.317 billion yuan

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The global power transformer market is experiencing a supply-demand imbalance, with Chinese manufacturers accelerating their market share acquisition. A Goldman Sachs report indicates that China's exports of transformers over 10MVA increased by 61% year-on-year in January-February 2026, with exports to the U.S. surging by 182%. The U.S. transformer supply-demand gap is expected to persist until 2028, with the deficit revised upwards from 72% to approximately 60%. Rapid demand growth coupled with lagging domestic production capacity are the primary reasons. U.S. transformer demand is projected to increase by 9% to 12% in 2027-2028, while domestic capacity is expected to grow by only 2% to 4%

- The global power transformer market is experiencing a significant supply-demand imbalance, with Chinese manufacturers rapidly expanding their international market share.  
- A report by Goldman Sachs indicates that from January to February 2026, China's exports of transformers over 10 MVA surged by 61% year-on-year, particularly notable for a 182% increase in exports to the U.S.  
- Despite the increased exports, China's share of the U.S. transformer market remains around 4%, indicating substantial potential for growth amidst a continuing supply shortage.

Wallstreetcn

XJEC

China XD

GF CSI All Share Power Public Service ETF

ChinaAMC CSI Grid Equipment Thematic ETF

Bosera CSI All Share Electric Utilities ETF

HPEC

ChinaAMC Green Electricity ETF

E Fund CSI Green Power ETF

DEC.LTD

Global "Transformer Shortage"! China's Exports Surge 61% in Two Months, U.S. Exports Skyrocket 182%, U.S. Shortage May Last Until 2028

SBGSY

Citi pointed out that the global supply gap for high-voltage power transformers will last at least until 2029, with a gap reaching 30% of demand by 2025, and the cumulative shortage peak approaching 1,700 GVA. A shortage of skilled workers, bottlenecks in key materials, and exorbitant expansion costs create three hard constraints that slow capacity expansion below expectations; the arms race for computing power in data centers will further shift the demand curve upward

- The global power transformer industry is entering a prolonged phase where supply cannot keep up with demand, as cited by Citigroup.  
- It is projected that supply shortages will continue at least until 2029 due to various constraints, including insufficient skilled labor and reliance on imported materials.  
- Consequently, this supply-demand mismatch is driving prices higher and extending delivery times, with significant impacts on companies' profitability and valuations in the sector.

Schneider Electric

Tianwei

Select Sect Spdr Util

Penghua CSI All Share Utilities ETF

VG Utilities

ISHRS S&P Glb Utilities

Transformer supply is in urgent demand! Global shortage may last until 2029

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Systematic and large-scale promotion, the ultra-high voltage industry chain maintains high prosperity

Hiconics

JSSMDL

SINOSUN

IESLAB

NARI-TECH

CREAT

DALIAN INSULATOR

SIEYUAN

Changshu Fengfan Co.,Ltd.

ZHIGUANG

QLPIPESINDUSTRY

Systematic and large-scale promotion, the ultra-high voltage industry chain maintains a high level of prosperity

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In the morning, the main funds had a net inflow into sectors such as power equipment, banking, and food and beverage, while there was a net outflow from sectors like electronics, basic chemicals, and non-ferrous metals. Specifically, in terms of individual stocks, WMM, Eoptolink, and TBEA saw net inflows of 2.56 billion yuan, 1.676 billion yuan, and 1.635 billion yuan, respectively. On the outflow side, Zhongji Xuchuang, Zhaoyi Innovation, and Hunan Gold were sold off for 2.871 billion yuan, 1.967 billion yuan, and 1.543 billion yuan, respectively. (First Financial)

Eoptolink

In half a day, main funds increased their positions in power equipment stocks and sold electronic stocks

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China's stock market experienced declines, with the Shanghai Composite falling 0.5% to below 4,120 and the Shenzhen Component dropping 0.7% to 12,216. Investor sentiment was affected by a lack of new catalysts and tightening regulatory measures targeting market manipulators. Industrial profits in China rose 0.6% year-on-year in 2025, mainly from private and foreign firms, while state-owned companies struggled. Notable stock declines included TBEA Co (-4.7%) and CMOC Group (-0.9%).

Trading Economics

SSE Index

Shenzhen Index

China Southern Shenzhen Stock Exchange Component Stock ETF

CMOC

China Stocks Slip on Weak Sentiment

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China's stock market showed mixed results, with the Shanghai Composite rising 0.2% to over 4,120 and the Shenzhen Component falling 0.1% to 12,245 amid regulatory concerns. The securities regulator's recent $12 million fine for market manipulation reflects increased scrutiny. Investors are optimistic about potential fiscal and monetary stimulus from Beijing. Notable stock performances included gains from Montage Technology (3.7%), China Aerospace (7.9%), and China Greatwall (5.6%), while Giga Device Semiconductor (-2%), TBEA Co (-2.6%), and JCET Group (-5.3%) declined.

CGT Group

JCET

Montage Technology

CATEC

GIGADEVICE

China Stocks Wobble on Regulatory Concerns

China's stock market experienced a decline for the second consecutive session, with the Shanghai Composite dropping 0.1% to approximately 3,995 and the Shenzhen Component falling 0.4% to 13,350. This downturn was influenced by stronger-than-expected inflation data, which showed a 0.2% rise in consumer prices for October, contrasting with a 0.3% decrease in September. Additionally, producer prices fell by 2.1%, marking the softest decline in 14 months. Tech and clean energy stocks were notably affected, with significant losses from companies like TBEA Co and Foxconn Industrial.

China Stocks Fall for Second Session

TBEA(600089.SH)