---
title: "Xi'an High Voltage Apparatus Research Institute Co., Ltd. (688334.SH)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/688334.SH.md"
symbol: "688334.SH"
name: "Xi'an High Voltage Apparatus Research Institute Co., Ltd."
industry: "Research and Consulting Services"
datetime: "2026-04-29T14:57:47.803Z"
locales:
  - [en](https://longbridge.com/en/quote/688334.SH.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688334.SH.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688334.SH.md)
---

# Xi'an High Voltage Apparatus Research Institute Co., Ltd. (688334.SH)

## Company Overview

Xi'an High Voltage Apparatus Research Institute Co., Ltd., together with its subsidiaries, provides electrical inspection and testing services in China, Hong Kong, Macao, Taiwan, and internationally. The company offers professional technical services; type, performance, routine, and certificate tests; arbitration inspection; quality appraisement; and metrological verification of electrical equipment. It also provides product certification, greenhouse gas verification, green manufacturing evaluation, and electric power equipment inspection services; and technical research and consulting services for electrical equipment testing technology, key technologies of power transmission and transformation equipment, common basic technology, new field testing technology, laboratory construction, electrical equipment fault analysis, specialized technical training in the field of power transmission and transformation, and technical and industry analysis. The company’s services are used for transformers, reactors, instrument transformers, pre-installed substations, insulators, surge arresters, fuses, converter valves, power capacitors, reactive power compensation devices, low voltage apparatus, and electric vehicle charging equipment.

| Item | Detail |
|------|--------|
| Industry | Research and Consulting Services |
| Exchange | CN Market |
| Website | [www.xihari.com](https://www.xihari.com) |

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


## Longbridge Financial Score™: B
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-04-29T04:30:12.000Z

**Overall: B (0.37)**

**Industry**: Research and Consulting Services

| Metric | Value |
|--------|-------|
| Industry Ranking | 5 / 48 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

**Multi Score**: B

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 8.72% |  |
| Net Profit YoY | 8.77% |  |
| P/B Ratio | 2.20 |  |
| Dividend Ratio | 1.79% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 6570390180.52 |  |
| Revenue | 869823600.70 |  |

#### Multi Score Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 8.75% | B |
| Profit Margin | 28.66% | A |
| Gross Margin | 54.45% | B |
| Revenue YoY | 8.72% | B |
| Net Profit YoY | 8.77% | C |
| Total Assets YoY | 6.26% | B |
| Net Assets YoY | 6.56% | B |
| Cash Flow Margin | 193.15% | B |
| OCF YoY | 8.72% | B |
| Turnover | 0.24 | D |
| Gearing Ratio | 17.22% | A |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Xi'an High Voltage Apparatus Research Institute Co., Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "8.72%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "8.77%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "2.20",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "1.79%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "6570390180.52",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "869823600.70",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "8.75%",
          "rating": "B"
        },
        {
          "name": "Profit Margin",
          "value": "28.66%",
          "rating": "A"
        },
        {
          "name": "Gross Margin",
          "value": "54.45%",
          "rating": "B"
        },
        {
          "name": "Revenue YoY",
          "value": "8.72%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "8.77%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "6.26%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "6.56%",
          "rating": "B"
        },
        {
          "name": "Cash Flow Margin",
          "value": "193.15%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "8.72%",
          "rating": "B"
        },
        {
          "name": "Turnover",
          "value": "0.24",
          "rating": "D"
        },
        {
          "name": "Gearing Ratio",
          "value": "17.22%",
          "rating": "A"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 26.37 | 3/48 | 27.33 | 24.81 | 22.79 |
| PB | 2.23 | 16/48 | 2.40 | 2.17 | 1.97 |
| PS (TTM) | 7.56 | 31/48 | 7.91 | 7.25 | 6.68 |
| Dividend Yield | 1.77% | 6/48 | 3.05% | 2.30% | 1.70% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | CTI (300012.SZ) | B | B | B | A | B | B |
| 02 | EMTEK (300938.SZ) | B | B | C | A | B | B |
| 03 | GRG Metrology & Test (002967.SZ) | B | B | C | B | B | B |
| 04 | HUATU CENDES (300492.SZ) | A | A | A | E | A | B |
| 05 | XIHARI (688334.SH) | B | B | D | A | B | B |

## Institutional View

### Analyst Rating Distribution

> As of 2025-09-04T16:00:00.000Z

Total Analysts: **1**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 1 | 100% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 21.00 |
| Highest Target | 26.00 |
| Lowest Target | 26.00 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/688334.SH/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/688334.SH/norm.md)
- [Related News](https://longbridge.com/en/quote/688334.SH/news.md)

---

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