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name
Morn
002451.SZ
Shanghai Morn Electric Equipment Co., Ltd. designs, produces, and sells cables under the Morn brand in China. The company operates through Electric Cable Sector; and Special Financial segments. It offers power and electrical equipment cables, such as aluminum alloy, mineral insulated flexible fire-proof, LV and MV fire-resistant power, ceramic high-temperature fire-resistant, metal flexible pipe equipment, frequency converter, shielding and chemical resistance, encoder, oil resistant corrosion split-phase comprehensive sheath, and high and low temperature resistant cables.
5.616 T
002451.SZMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
B
Electrical Components and EquipmentIndustry
Industry Ranking93/259
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreD
    • ROE1.72%C
    • Profit Margin0.82%C
    • Gross Margin11.34%E
  • Growth ScoreB
    • Revenue YoY30.61%A
    • Net Profit YoY-28.05%D
    • Total Assets YoY17.79%A
    • Net Assets YoY3.82%C
  • Cash ScoreA
    • Cash Flow Margin12262.92%A
    • OCF YoY30.61%A
  • Operating ScoreB
    • Turnover0.85B
  • Debt ScoreD
    • Gearing Ratio56.80%D

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Institutional View & Shareholder

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    News
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    Morn Electric released its performance for the first three quarters, with a net profit attributable to the parent company of 7.05 million yuan, a year-on-year decrease of 40%

    According to the Zhitong Finance APP, Morn disclosed its third-quarter report for 2025. The company achieved revenue of 1.238 billion yuan in the first three quarters, a year-on-year increase of 28.02%; the net profit attributable to the parent company was 7.05 million yuan, a year-on-year decrease of 40%; the net profit excluding non-recurring gains and losses was 5.33 million yuan, a year-on-year increase of 109.27%; the basic earnings per share were 0.0160 yuan

    Zhitong·
    SZ
    002451
    +0.88%
    Zhitong·
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    002451
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    Morn: Shareholder Rongping Information plans to reduce its holdings by no more than 3% of the company's total share capital

    Morn announced that its shareholder Rongping Information will be passively reducing its holdings due to Dongxing Securities' plan to reduce its pledged company shares. Rongping Information plans to passively reduce its holdings of the company's shares by no more than 13.176 million shares, accounting for no more than 3% of the company's total share capital, within three months after the announcement is disclosed, through centralized bidding and block trading, with no more than 1% of the company's total share capital being reduced through centralized bidding and no more than 2% through block trading

    Zhitong·
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    002451
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    SH
    601198
    0.00%
    Zhitong·
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    002451
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    SH
    601198
    0.00%

    Morn plans to launch a restricted stock incentive plan for 2025

    Morn Electric announced a draft of the 2025 restricted stock incentive plan, proposing to grant 1.53 million shares of restricted stock, accounting for 0.35% of the company's total share capital. The grant price is set at 3.33 yuan per share, and the plan has a maximum validity period of 36 months, until the restricted stocks are released from restrictions or repurchased and canceled

    Zhitong·
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    002451
    +0.88%
    Zhitong·
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    002451
    +0.88%

    Morn Electric: The company's products such as robotic drag chain cables can be applied in the field of industrial robots

    Morn stated on the interactive platform that the robot drag chain cables and robot spiral cables in the company's product line can be applied in the field of industrial robots

    Zhitong·
    SZ
    002451
    +0.88%
    Zhitong·
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    002451
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    Morn Electric: Wen Zexin reduced holdings by 3.44 million shares

    Morn Electric announced that its shareholder holding more than 5%, Shanghai Rongping Information Technology Co., Ltd., plans to passively reduce its holdings by no more than 13.176 million shares due to the pledged stocks of Dongxing Securities. The concerted actor of the controlling shareholder, Mr. Wen Zexin, plans to reduce his holdings by no more than 3.44 million shares from February 28, 2025, to May 27, 2025, accounting for 0.78% of the total share capital. As of the announcement date, Mr. Wen Zexin has cumulatively reduced his holdings by 3.44 million shares

    Zhitong·
    SZ
    002451
    +0.88%
    Zhitong·
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    002451
    +0.88%
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