Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
002270.SZ
HOLDAPPROVEHuaming Power Equipment Co.,Ltd · Industrials · China · $2.9B · Avg Vol: $70M/d
Huaming Power Equipment is China's dominant manufacturer of transformer tap-changers, a critical bottleneck component for power grids. As global grid modernization, renewable integration, and AI data center power demands surge, Huaming is experiencing unprecedented pricing power and global export demand, backed by a near-monopolistic domestic moat and exceptional ROIC.
COMPANY DESCRIPTION
Huaming Power Equipment Co.,Ltd manufactures transformer tap-changers and power transmission equipment. It holds a near-monopolistic market share in China's domestic tap-changer market and ranks as one of the top two globally. The company is a highly specialized niche leader with exceptional pricing power and critical importance to the global power grid.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 253M | 290M | 343M | 359M | 12.3% |
| EPS | 0.06 | 0.09 | 0.10 | 0.12 | 23.4% |
| Shares | 896M | 896M | 896M | 896M | 0.0% |
| Debt | 86M | 56M | 76M | 156M | 21.7% |
| Equity | 493M | 495M | 468M | 464M | -2.0% |
| Op CF | 73M | 92M | 131M | 89M | 6.8% |
| Inv CF | -27M | 955,835 | -8M | 7M | — |
| Fin CF | -4M | -93M | -107M | -87M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 002270.SZ are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 002270.SZ | Huaming Power Equipment Co.,Ltd(you) | $2.9B | 52 | HOLD |
| 001301.SZ | Shijiazhuang Shangtai Technology Co., Ltd. | $3.4B | 51 | HOLD |
| 688006.SS | Zhejiang HangKe Technology Incorporated Company | $3.5B | 50 | HOLD |
| 002979.SZ | China Leadshine Technology Co., Ltd. | $2.5B | 49 | HOLD |
| 9981.HK | ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. | $2.7B | 57 | HOLD |
| 688100.SS | Willfar Information Technology Co., Ltd. | $2.6B | 57 | HOLD |
| 300820.SZ | Sichuan Injet Electric Co., Ltd. | $2.1B | 53 | HOLD |
| 300913.SZ | Zhejiang Zhaolong Interconnect Technology Co.,Ltd. | $3.0B | 44 | HOLD |
| 301150.SZ | Hubei Zhongyi Technology Inc. | $2.3B | 48 | HOLD |
| 300593.SZ | Beijing Relpow Technology Co., Ltd | $2.8B | 42 | HOLD |
Peer medians: ROE 6.0% · P/E 34.8x · Gross margin 22.9%