---
title: "广东明阳电气股份有限公司 (301291.SZ)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/301291.SZ.md"
symbol: "301291.SZ"
name: "广东明阳电气股份有限公司"
industry: "重型电气设备"
---

# 广东明阳电气股份有限公司 (301291.SZ)

| Item | Detail |
|------|--------|
| Industry | 重型电气设备 |
| Location | 沪深市场 |
| Website | [www.mingyang.com.cn](https://www.mingyang.com.cn) |

## Company Profile

公司总部位于中国广东中山，以变压器、箱变、成套开关设备三大业务为主，产品覆盖全球 60 多个国家和地区。公司将助力全球能源绿色低碳转型，成为国际一流的输配电装备及系统服务提供商。公司主要从事应用于可再生能源、新型基础设施等领域的输配电及控制设备的研发、生产和销售。公司主要产品为智能变压器、箱式变电站、智能成套开关设备等系列产品。公司光伏逆变升压一体化装置总体达到了国际先进水平并获得广东省机械工业科学技术奖一等奖、广东省机械工程学会科学技术奖一等奖等荣誉。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-21T04:30:10.000Z

**Overall: B (0.29)**

**Industry**: Heavy Electrical Equipment

| Metric | Value |
|--------|-------|
| Industry Ranking | 7 / 56 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 31.37% |  |
| Net Profit YoY | 13.07% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 3.28 |  |
| Dividend Ratio | 1.53% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 16.09B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 7.55B |  |


**Multi Score**: B

#### Profit Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 14.84% | A |
| Profit Margin | 9.19% | B |
| Gross Margin | 25.21% | C |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 31.37% | A |
| Net Profit YoY | 13.07% | C |
| Total Assets YoY | 9.92% | B |
| Net Assets YoY | 10.51% | B |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 1087.91% | B |
| OCF YoY | 31.37% | A |

#### Operating Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.84 | B |

#### Debt Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 47.55% | C |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 广东明阳电气股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "14.84%",
          "rating": "A"
        },
        {
          "name": "Profit Margin",
          "value": "9.19%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "25.21%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "31.37%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "13.07%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "9.92%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "10.51%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "1087.91%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "31.37%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "B",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.84",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "C",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "47.55%",
          "rating": "C"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 国电南瑞 (SH.600406) | B | B | B | C | B | B |
| 02 | 金盘科技 (SH.688676) | B | B | B | C | B | B |
| 03 | 大金重工 (SZ.002487) | B | A | C | C | B | B |
| 04 | 海博思创 (SH.688411) | B | A | A | D | A | B |
| 05 | 许继电气 (SZ.000400) | B | C | B | C | B | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 23.17 | 4/58 | 21.83 | 19.80 | 18.59 |
| PB | 3.28 | 30/58 | 3.19 | 2.84 | 2.66 |
| PS (TTM) | 2.13 | 14/58 | 2.13 | 1.93 | 1.81 |
| Dividend Yield | 1.53% | 6/58 | 1.81% | 1.65% | 1.53% |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-13T16:00:00.000Z

Total Analysts: **3**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 3 | 100% |
| Overweight | 0 | 0% |
| Hold | 0 | 0% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 51.53 |
| Highest Target | 64.00 |
| Lowest Target | 50.00 |

## References

- [Company Overview](https://longbridge.com/en/quote/301291.SZ/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/301291.SZ/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/301291.SZ/topics.md) - Community topics and discussions

---

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