What is Henan Pinggao Electric Co.,Ltd.'s (600312.SS) StockRank?

MoatMap's StockRank for Henan Pinggao Electric Co.,Ltd. (600312.SS) is 71/100, with a Buy signal. This is a composite score combining Quality (60), Value (43), and Momentum (55) factor ranks across MoatMap's 19,000+ stock universe.

Does Henan Pinggao Electric Co.,Ltd. have an economic moat?

Henan Pinggao Electric Co.,Ltd. (600312.SS) has a Quality factor score of 60/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Henan Pinggao Electric Co.,Ltd. a buy, hold, or sell?

MoatMap's current signal for Henan Pinggao Electric Co.,Ltd. (600312.SS) is Buy, based on a StockRank of 71/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Henan Pinggao Electric Co.,Ltd. in?

Henan Pinggao Electric Co.,Ltd. (600312.SS) operates in the Industrials sector, specifically the Electrical Equipment & Parts industry (China).

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600312.SS

BUYFLAG

Henan Pinggao Electric Co.,Ltd. · Industrials · China · $4.3B · Avg Vol: $77M/d

StockRank

P/E (TTM)

22.0x

ROE

10.9%

D/E

0.0x

Dividend %

1.8%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Henan Pinggao is a leading producer of high-voltage switchgear, making it a critical second-order beneficiary of the global power grid infrastructure upgrade required to support AI data centers and renewable energy integration. However, as a Chinese state-owned enterprise, its capital allocation and domestic pricing are subject to regulatory caps, limiting pure asymmetric upside.

COMPANY DESCRIPTION

Henan Pinggao Electric Co., Ltd. designs and manufactures high-voltage and ultra-high-voltage (UHV) switchgear and power transmission equipment. The company holds a dominant market position in China's UHV sector, benefiting from high technical barriers and a close relationship with its parent, the State Grid Corporation of China. It is a key industrial leader driving the expansion of China's long-distance clean energy transmission networks.

FINANCIAL SUMMARY

Year	2022	2023	2024	2025	CAGR
Revenue	1.4B	1.6B	1.8B	1.8B	10.5%
EPS	0.02	0.09	0.11	0.12	74.1%
Shares	1.4B	1.4B	1.4B	1.4B	0.0%
Debt	54M	32M	7M	11M	-40.3%
Equity	1.4B	1.5B	1.5B	1.7B	6.5%
Op CF	206M	370M	445M	120M	-16.6%
Inv CF	-8M	-65M	-20M	-42M	—
Fin CF	-54M	-44M	-106M	-76M	—

PRICE (1M)-13.7%

SMA 50SMA 200

$2.84

RSI (14)

31.1

52W High

$3.79

From 52W High

0.7%

SCORE BREAKDOWN

Quality

ROIC

11.9%69.9

ROE

10.9%62.1

GP/Assets

13.3%40.7

Op. Margin

19.9%87.2

FCF/Assets

-3.5%19.7

Piotroski

—36.7

Int. Cover

50.0x90.2

D/E Ratio

0.01x95.4

Current Ratio

1.82x54.8

Value

P/E (TTM)

22.0x47.5

EV/EBITDA

10.9x51.0

P/FCF

—N/A

P/B

2.2x44.9

P/S

2.1x40.0

Div Yield

1.8%48.1

Momentum

52W High %

75%42.0

RS 6M

9%73.5

SMA 50/200

1.08x64.8

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

+30%38.6

Q Growth

16%58.4

FUNDAMENTALS

Market Cap

$4.3B

P/E (Forward)

16.9x

Gross Margin

23.5%

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 600312.SS are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
600312.SS	Henan Pinggao Electric Co.,Ltd.(you)	$4.3B	71	BUY
002518.SZ	Shenzhen KSTAR Science and Technology Co., Ltd.	$4.7B	72	BUY
000400.SZ	XJ Electric Co., Ltd.	$4.0B	63	HOLD
603530.SS	Jiangsu Shemar Electric Co.,Ltd	$3.7B	64	HOLD
688668.SS	Dongguan Dingtong Precision Metal Co., Ltd.	$6.0B	68	BUY
600517.SS	State Grid Yingda Co.,Ltd.	$4.6B	79	BUY
002993.SZ	Dongguan Aohai Technology Co., Ltd.	$2.6B	70	BUY
000682.SZ	Dongfang Electronics Co., Ltd.	$2.8B	69	BUY
300001.SZ	Qingdao TGOOD Electric Co., Ltd.	$6.1B	67	BUY
301031.SZ	Xi'an Sinofuse Electric Co., Ltd.	$2.6B	70	BUY

Peer medians: ROE 6.0% · P/E 34.8x · Gross margin 22.9%

Henan Pinggao Electric Co.,Ltd. (600312.SS) — Stock Score Summary

Henan Pinggao Electric Co.,Ltd. (600312.SS) has a MoatMap StockRank of 71/100 based on Quality (60/100), Value (43/100), and Momentum (55/100) factor scores. The current signal is BUY. Henan Pinggao is a leading producer of high-voltage switchgear, making it a critical second-order beneficiary of the global power grid infrastructure upgrade required to support AI data centers and renewable energy integration. However, as a Chinese state-owned enterprise, its capital allocation and domestic pricing are subject to regulatory caps, limiting pure asymmetric upside.

Key Financial Metrics

Price	$2.84
Market Cap	$4.3B
P/E (TTM)	21.99
P/E (Forward)	16.93
Price/Book	2.22
Return on Equity	10.9%
Return on Invested Capital	11.9%
Debt/Equity	0.63
Gross Margin	23.5%
Operating Margin	19.9%
Revenue Growth	-2.4%
Dividend Yield	1.8%
Free Cash Flow	$-17M

Henan Pinggao Electric Co.,Ltd. operates in the Electrical Equipment & Parts industry, part of the Industrials sector (China).

Frequently Asked Questions

What is Henan Pinggao Electric Co.,Ltd.’s (600312.SS) StockRank?: MoatMap’s StockRank for Henan Pinggao Electric Co.,Ltd. (600312.SS) is 71/100, with a Buy signal. It is a composite of Quality (60), Value (43), and Momentum (55) factor ranks across MoatMap’s 19,000+ stock universe.
Does Henan Pinggao Electric Co.,Ltd. have an economic moat?: Henan Pinggao Electric Co.,Ltd. (600312.SS) has a Quality factor score of 60/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Henan Pinggao Electric Co.,Ltd. a buy, hold, or sell?: MoatMap’s current signal for Henan Pinggao Electric Co.,Ltd. (600312.SS) is Buy, based on a StockRank of 71/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Henan Pinggao Electric Co.,Ltd. in?: Henan Pinggao Electric Co.,Ltd. (600312.SS) operates in the Industrials sector, specifically the Electrical Equipment & Parts industry (China).