---
title: "Shanghai Morn Electric Equipment Co., Ltd. (002451.SZ)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002451.SZ.md"
symbol: "002451.SZ"
name: "Shanghai Morn Electric Equipment Co., Ltd."
industry: "Electrical Components and Equipment"
datetime: "2026-03-03T11:10:50.813Z"
locales:
  - [en](https://longbridge.com/en/quote/002451.SZ.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002451.SZ.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002451.SZ.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/quote/002451.SZ.md) | [繁體中文](https://longbridge.com/zh-HK/quote/002451.SZ.md)


# Shanghai Morn Electric Equipment Co., Ltd. (002451.SZ)

## Company Overview

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.

| Item | Detail |
|------|--------|
| Industry | Electrical Components and Equipment |
| Exchange | CN Market |
| Website | [www.mornelectric.com](https://www.mornelectric.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: 2026-03-03T04:30:10.000Z

**Overall: B (0.37)**

**Industry**: Electrical Components and Equipment

| Metric | Value |
|--------|-------|
| Industry Ranking | 103 / 258 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Growth - Stocks whose main business is in the growth 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 | 30.61% |  |
| Net Profit YoY | -28.05% |  |
| P/B Ratio | 6.05 |  |
| Dividend Ratio | 0.09% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 4705752866.71 |  |
| Revenue | 1621142889.88 |  |

#### Multi Score Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 1.72% | C |
| Profit Margin | 0.82% | C |
| Gross Margin | 11.34% | E |
| Revenue YoY | 30.61% | A |
| Net Profit YoY | -28.05% | D |
| Total Assets YoY | 17.79% | A |
| Net Assets YoY | 3.82% | C |
| Cash Flow Margin | 12262.92% | A |
| OCF YoY | 30.61% | A |
| Turnover | 0.85 | B |
| Gearing Ratio | 56.80% | D |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Shanghai Morn Electric Equipment Co., Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "30.61%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "-28.05%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "6.05",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "0.09%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "4705752866.71",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "1621142889.88",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "1.72%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "0.82%",
          "rating": "C"
        },
        {
          "name": "Gross Margin",
          "value": "11.34%",
          "rating": "E"
        },
        {
          "name": "Revenue YoY",
          "value": "30.61%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "-28.05%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "17.79%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "3.82%",
          "rating": "C"
        },
        {
          "name": "Cash Flow Margin",
          "value": "12262.92%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "30.61%",
          "rating": "A"
        },
        {
          "name": "Turnover",
          "value": "0.85",
          "rating": "B"
        },
        {
          "name": "Gearing Ratio",
          "value": "56.80%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 355.96 | 206/258 | 344.92 | 207.89 | 171.78 |
| PB | 6.05 | 212/258 | 5.86 | 3.99 | 3.80 |
| PS (TTM) | 2.90 | 106/258 | 2.81 | 2.13 | 1.93 |
| Dividend Yield | 0.09% | 197/258 | 0.15% | 0.14% | 0.10% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | Sungrow Power Supply (300274.SZ) | A | A | B | D | B | B |
| 02 | SIEYUAN (002028.SZ) | B | A | E | A | B | B |
| 03 | Huayou Cobalt (603799.SH) | B | A | C | D | B | B |
| 04 | EVE (300014.SZ) | C | B | C | D | A | B |
| 05 | ZTT (600522.SH) | C | B | B | C | B | B |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/002451.SZ/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/002451.SZ/norm.md)
- [Related News](https://longbridge.com/en/quote/002451.SZ/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/002451.SZ/filings.md)

---

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