---
title: "国电南瑞科技股份有限公司 (600406.SH)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/600406.SH.md"
symbol: "600406.SH"
name: "国电南瑞科技股份有限公司"
industry: "重型电气设备"
---

# 国电南瑞科技股份有限公司 (600406.SH)

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

## Company Profile

公司成立于 2001 年 2 月 28 日，由南瑞集团作为主发起人，2003 年 9 月首次向社会公众发行 A 股股票并于 10 月 16 日在上海证券交易所上市。公司是我国能源电力及工业控制领域的领军企业，是国际领先的能源互联网技术整体解决方案提供商。公司主要从事电网智能、数能融合、能源低碳、轨道交通及工业自动化设备的研发、设计、制造、销售、工程服务与总承包业务。主要产品包括电网安全稳定分析与控制、电网调度自动化、电力市场、新能源并网控制、新一代集控、新一代自主可控变电站监控、继电保护、变电站智能运检、直流输电系统;数能融合;水电厂控制及自动化、发电厂/燃机电厂电气二次系统、流域水电调度一体...

## 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: 2026-02-20T04:30:09.000Z

**Overall: B (0.33)**

**Industry**: Heavy Electrical Equipment

| Metric | Value |
|--------|-------|
| Industry Ranking | 1 / 56 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Large - The company has stable operations, allowing for dependable long-term returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 14.04% |  |
| Net Profit YoY | 6.59% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 4.26 |  |
| Dividend Ratio | 2.22% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 209.87B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 63.43B |  |


**Multi Score**: B

#### Profit Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 16.76% | A |
| Profit Margin | 12.59% | B |
| Gross Margin | 26.49% | C |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 14.04% | B |
| Net Profit YoY | 6.59% | C |
| Total Assets YoY | 10.66% | B |
| Net Assets YoY | 6.97% | B |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 794.08% | B |
| OCF YoY | 14.04% | B |

#### Operating Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.72 | B |

#### Debt Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 43.18% | C |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 国电南瑞科技股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "16.76%",
          "rating": "A"
        },
        {
          "name": "Profit Margin",
          "value": "12.59%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "26.49%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "14.04%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "6.59%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "10.66%",
          "rating": "B"
        },
        {
          "name": "Net Assets YoY",
          "value": "6.97%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "794.08%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "14.04%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "B",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.72",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "C",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "43.18%",
          "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) | 26.28 | 7/58 | 24.71 | 23.49 | 22.85 |
| PB | 4.26 | 41/58 | 4.02 | 3.73 | 3.56 |
| PS (TTM) | 3.31 | 27/58 | 3.25 | 3.05 | 2.93 |
| Dividend Yield | 2.22% | 5/58 | 3.01% | 2.59% | 2.44% |

## Institutional View

### Analyst Rating Distribution

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

Total Analysts: **18**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 10 | 56% |
| Overweight | 5 | 28% |
| Hold | 2 | 11% |
| Underweight | 0 | 0% |
| Sell | 1 | 6% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 26.13 |
| Highest Target | 42.00 |
| Lowest Target | 18.50 |

## References

- [Company Overview](https://longbridge.com/en/quote/600406.SH/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/600406.SH/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/600406.SH/topics.md) - Community topics and discussions

---

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