Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
600089.SS
HOLDFLAGTBEA Co., Ltd. · Industrials · China · $18.9B · Avg Vol: $580M/d
TBEA is a major manufacturer of power transmission equipment and transformers, positioning it as a key second-order beneficiary of the global grid upgrade cycle driven by AI data centers. However, its low quality score (Q: 38) and exposure to volatile polysilicon pricing warrant caution, making it a candidate for monitoring rather than an immediate high-conviction buy.
COMPANY DESCRIPTION
TBEA Co., Ltd. is a leading global provider of power transmission and transformation equipment, as well as a major producer of high-purity polysilicon for the solar industry. The company possesses a strong competitive moat in ultra-high voltage (UHV) power grid technologies, which are critical for China's national grid expansion. Its vertically integrated business model spans coal mining, power generation, grid equipment, and renewable energy materials.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 14.3B | 14.5B | 14.5B | 14.4B | 0.3% |
| EPS | 0.61 | 0.35 | 0.12 | 0.17 | -34.5% |
| Shares | 5.1B | 5.1B | 5.1B | 5.1B | +0.0% |
| Debt | 5.1B | 6.3B | 6.4B | 7.4B | 13.4% |
| Equity | 8.6B | 9.2B | 10.0B | 11.0B | 8.7% |
| Op CF | 3.2B | 3.8B | 1.9B | 1.4B | -24.6% |
| Inv CF | -3.4B | -2.6B | -2.3B | -2.9B | — |
| Fin CF | -629M | 155M | 439M | 1.3B | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 600089.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 600089.SS | TBEA Co., Ltd.(you) | $18.9B | 48 | HOLD |
| 601179.SS | China XD Electric Co., Ltd | $12.6B | 49 | HOLD |
| 002028.SZ | Sieyuan Electric Co., Ltd. | $23.4B | 57 | HOLD |
| 000988.SZ | HGTECH Company Limited | $22.6B | 59 | HOLD |
| 300124.SZ | Shenzhen Inovance Technology Co.,Ltd | $29.6B | 41 | HOLD |
| 002851.SZ | Shenzhen Megmeet Electrical Co., LTD | $10.8B | 41 | HOLD |
| 301358.SZ | Hunan Yuneng New Energy Battery Material Co.,Ltd. | $11.0B | 57 | HOLD |
| 6656.HK | SIGENERGY | $15.4B | 29 | SELL |
| 601877.SS | Zhejiang Chint Electrics Co., Ltd. | $9.3B | 56 | HOLD |
| 688676.SS | Hainan Jinpan Smart Technology Co., Ltd. | $6.8B | 45 | HOLD |
Peer medians: ROE 6.0% · P/E 34.8x · Gross margin 22.9%