---
title: "Henan Pinggao Electric Co.,Ltd. (600312.SH)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/600312.SH.md"
symbol: "600312.SH"
name: "Henan Pinggao Electric Co.,Ltd."
industry: "Electrical Components and Equipment"
datetime: "2026-05-20T03:37:40.576Z"
locales:
  - [en](https://longbridge.com/en/quote/600312.SH.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600312.SH.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600312.SH.md)
---

# Henan Pinggao Electric Co.,Ltd. (600312.SH)

## Company Overview

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.

| Item | Detail |
|------|--------|
| Industry | Electrical Components and Equipment |
| Exchange | CN Market |
| Website | [www.pinggao.com](https://www.pinggao.com) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: C
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-19T04:30:08.000Z

**Overall: C (0.49)**

**Industry**: Electrical Components and Equipment

| Metric | Value |
|--------|-------|
| Industry Ranking | 110 / 261 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

**Multi Score**: C

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -3.20% |  |
| Net Profit YoY | 2.13% |  |
| P/B Ratio | 2.54 |  |
| Dividend Ratio | 1.17% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 29579749864.60 |  |
| Revenue | 12444658313.43 |  |

#### Multi Score Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 10.45% | B |
| Profit Margin | 9.44% | B |
| Gross Margin | 29.42% | C |
| Revenue YoY | -3.20% | D |
| Net Profit YoY | 2.13% | C |
| Total Assets YoY | -1.65% | D |
| Net Assets YoY | 7.50% | B |
| Cash Flow Margin | 27.51% | D |
| OCF YoY | -3.20% | D |
| Turnover | 0.57 | C |
| Gearing Ratio | 43.70% | C |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Henan Pinggao Electric Co.,Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-3.20%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "2.13%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "2.54",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "1.17%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "29579749864.60",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "12444658313.43",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "10.45%",
          "rating": "B"
        },
        {
          "name": "Profit Margin",
          "value": "9.44%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "29.42%",
          "rating": "C"
        },
        {
          "name": "Revenue YoY",
          "value": "-3.20%",
          "rating": "D"
        },
        {
          "name": "Net Profit YoY",
          "value": "2.13%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "-1.65%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "7.50%",
          "rating": "B"
        },
        {
          "name": "Cash Flow Margin",
          "value": "27.51%",
          "rating": "D"
        },
        {
          "name": "OCF YoY",
          "value": "-3.20%",
          "rating": "D"
        },
        {
          "name": "Turnover",
          "value": "0.57",
          "rating": "C"
        },
        {
          "name": "Gearing Ratio",
          "value": "43.70%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 25.96 | 17/261 | 25.33 | 20.57 | 18.41 |
| PB | 2.62 | 71/261 | 2.55 | 2.08 | 1.94 |
| PS (TTM) | 2.45 | 88/261 | 2.29 | 1.82 | 1.65 |
| Dividend Yield | 1.13% | 56/261 | 2.08% | 1.80% | 1.18% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | SIEYUAN (002028.SZ) | B | A | B | C | B | B |
| 02 | ZTT (600522.SH) | C | B | A | B | B | B |
| 03 | Deye (605117.SH) | A | B | B | C | B | B |
| 04 | EVE (300014.SZ) | B | B | B | D | B | B |
| 05 | Huayou Cobalt (603799.SH) | B | A | C | D | B | B |

## Institutional View

### Analyst Rating Distribution

> As of 2026-05-12T16:00:00.000Z

Total Analysts: **10**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 7 | 70% |
| Overweight | 2 | 20% |
| Hold | 1 | 10% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 21.98 |
| Highest Target | 28.30 |
| Lowest Target | 24.00 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/600312.SH/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/600312.SH/norm.md)
- [Related News](https://longbridge.com/en/quote/600312.SH/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/600312.SH/filings.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**