Company Encyclopedia
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name
HPEC
600312.SH
Henan Pinggao Electric Co.,Ltd. researches and develops, manufactures, sells, tests, and services high voltage, super-high voltage, and ultra-high voltage AC/DC switchgear in China. Its products include 72.5-1100 kV SF6 gas-insulated enclosed switchgear; 72.5-1100 kV sulfur hexafluoride tank circuit breaker switchgear; 72.5-1100 kV open SF6 circuit breakers; 10 kV-1100 kV AC disconnectors and earthing switches; 10 kV-1120 kV DC disconnectors and earthing switches, hydraulic/spring mechanisms, composite insulators; SF6 gas recovery and charging and discharging devices, vacuum interrupters and other switch core supporting parts; 10 kV high-efficiency energy-saving distribution transformers, prefabricated substations, low-voltage complete sets, intelligent distribution automation terminals and other distribution network products. Henan Pinggao Electric Co.,Ltd.
5.749 T
600312.SHMarket value -Rank by Market Cap -/-

Financial Score

29/12/2025 Update
B
Electrical Components and EquipmentIndustry
Industry Ranking29/259
Industry medianC
Industry averageB
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE10.54%B
    • Profit Margin8.87%B
    • Gross Margin25.84%C
  • Growth ScoreB
    • Revenue YoY12.48%B
    • Net Profit YoY2.52%C
    • Total Assets YoY5.77%B
    • Net Assets YoY9.20%B
  • Cash ScoreB
    • Cash Flow Margin1127.71%B
    • OCF YoY12.48%B
  • Operating ScoreB
    • Turnover0.59B
  • Debt ScoreC
    • Gearing Ratio47.71%C

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Institutional View & Shareholder

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    News
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    HPEC has established a smart high-voltage electrical appliance company in Henan

    According to the Qichacha APP, recently, HPEC Smart High Voltage Electrical Co., Ltd. was established, with a business scope that includes the manufacturing of power transmission and distribution equipment and control devices; research and development of distribution switch control equipment; manufacturing of distribution switch control equipment; and sales of distribution switch control equipment, among others. Qichacha's equity penetration shows that the company is wholly owned by HPEC

    Zhitong·
    SH
    600312
    -3.06%
    Zhitong·
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    600312
    -3.06%

    HPEC establishes a new company including intelligent robotics business

    According to the Qichacha APP, recently, HPEC Smart Switch Equipment Co., Ltd. was established, with Li Xu as the legal representative. The business scope includes the research and development of intelligent robots; sales of intelligent robots; manufacturing of mechanical and electrical equipment; sales of mechanical and electrical equipment, etc. Qichacha's equity penetration shows that the company is wholly owned by HPEC

    Zhitong·
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    600312
    -3.06%
    Zhitong·
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    -3.06%

    HPEC released its performance for the first three quarters, with a net profit attributable to the parent company of 982 million yuan, a year-on-year increase of 14.62%

    According to the Zhitong Finance APP, HPEC disclosed its third-quarter report for 2025. The company achieved a revenue of 8.436 billion yuan in the first three quarters, a year-on-year increase of 6.98%; the net profit attributable to shareholders of the listed company was 982 million yuan, a year-on-year increase of 14.62%; the net profit excluding non-recurring gains and losses was 977 million yuan, a year-on-year increase of 15.13%; the basic earnings per share were 0.7239 yuan

    Zhitong·
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    Zhitong·
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    -3.06%

    HPEC won a bid for a National Grid project worth approximately 1.369 billion yuan

    HPEC won the bid for a State Grid project, amounting to approximately 1.369 billion yuan, accounting for 11.04% of the 2024 operating revenue

    Zhitong·
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    600312
    -3.06%
    Zhitong·
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    HPEC plans to invest in the establishment of two wholly-owned subsidiaries

    HPEC announced that it will invest to establish two wholly-owned subsidiaries, namely HPEC (Henan) High Voltage Switch Co., Ltd. and HPEC (Henan) Power Equipment Technology Co., Ltd. The registered capital of the high voltage switch company is 500 million yuan, and the registered capital of the power equipment company is 400 million yuan. This move aims to stimulate operational vitality, enhance operational quality and efficiency, and actively expand the market, which is expected to have a positive impact on the company's future development

    Zhitong·
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    600312
    -3.06%
    Zhitong·
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    -3.06%
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