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    Electrical Equipment & Parts
XJ Electric Co., Ltd.

XJ Electric Co., Ltd.

000400.SZ
XJ Electric Co., Ltd.CN flagShenzhen Stock Exchange
20.55
CNY
-0.56
- -
20.72BMarket Cap
XJ Electric Co., Ltd.
000400.SZ
(Shenzhen Stock Exchange)

Recent

price

20.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.23
5.86
8.96
9.3
8.32
7.29
9.53
10.24
8.15
10.76
11.1
11.89
14.91
16.92
16.86
14.81
16.53
Revenue per Share
0.2
0.21
0.45
0.77
1.06
0.71
0.86
0.61
0.2
0.47
0.71
0.72
0.78
1
1.1
1.15
1.11
Basic EPS, GAAP
-0.17
0.42
0.58
0.68
-0.33
0.29
1.06
-0.19
0.36
0.08
0.71
1.15
1.62
2.51
0.9
2.39
-0.41
Free Cash Flow per Basic Share
0.13
0.18
0.49
0.1
0.12
0.15
0.1
0.09
0.07
0.07
0.1
0.18
0.13
0.19
0.48
0.48
0.27
Dividend per Share
2.11
2.25
2.65
3.46
4.45
5
5.67
6.17
6.35
6.74
7.39
8
8.74
9.56
10.04
10.82
10.55
Book Value per Share
3.65
3.88
4.26
4.99
6.13
6.58
7
7.42
7.51
7.94
8.21
9.23
10.15
10.75
11.37
12.31
12.04
Tangible Book Value per Share
738
744
738
943
1,005
1,008
1,008
1,008
1,008
1,008
1,008
1,008
1,008
1,008
1,014
1,012
1,011
Basic Weighted Avg Shares
3,856
4,362
6,612
8,774
8,359
7,346
9,607
10,329
8,217
10,852
11,191
11,991
15,030
17,061
17,089
14,992
16,701
Sales/Revenue/Turnover
8.36
9.67
10.25
12.59
18.25
13.96
11.62
10.34
4.41
6.83
8.21
7.75
7.68
7.08
8.82
9.59
9.08
Operating Margin (%)
81
91
118
124
106
110
120
141
176
210
243
290
307
324
339
342
- -
Depreciation Expense
147
157
332
729
1,062
721
869
614
200
471
716
724
785
1,005
1,117
1,167
1,123
Net Income, GAAP
14.92
16.38
15.29
13.19
7.61
13.33
13.34
14
15.74
11.49
11.56
10.84
10.53
3.99
8.59
11.39
10.13
Effective Tax Rate (%)
3.8
3.59
5.02
8.31
12.71
9.81
9.04
5.94
2.43
4.34
6.4
6.04
5.22
5.89
6.54
7.79
6.72
Profit Margin (%)
2,112
2,632
2,675
4,164
5,623
5,992
6,290
5,975
6,047
6,710
7,224
7,792
7,927
7,972
8,182
9,018
8,720
Working Capital
450
875
691
692
694
695
697
- -
6
500
835
828
14
19
178
310
179
LT Debt
2,758
2,967
3,187
4,749
6,234
6,872
7,551
8,125
8,353
8,953
9,199
10,157
11,098
11,693
12,382
13,380
12,973
Total Equity
7.84
9.28
14.18
19.7
22.95
12.81
12.81
11.48
3.9
8.17
9.23
8.57
9.82
10.6
11.93
9.8
11.35
Return on Invested Capital (%)
4.06
2.78
5.38
12.41
16.59
11.25
12.59
8.15
2.24
5.43
7.82
6.71
6.14
8.01
8.51
8.53
8.39
Return on Capital (%)
9.87
9.68
18.31
27.97
27.49
15.15
16.15
10.28
3.16
7.13
10.06
9.34
9.3
10.9
11.27
11.05
10.89
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
176
179
186
LT Borrowings
153
153
153
LT Finance Leases
25
23
26
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,019
1,019
1,019
Market Capitalization
27,759
24,558
22,001

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
20,591
20,077
21,492
Cash, Cash Equivalents & STI
5,555
5,575
6,482
Accounts Receivable, Net
8,794
7,777
8,042
Inventories
2,644
2,963
2,935
Total Current Liabilities
12,409
11,758
12,772
Payables & Accruals
- -
- -
- -
ST Debt
176
179
186
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.92%
7.8%
8.06%
Free Cash Flow
77.53%
52.04%
166.48%
Net Income, GAAP
16.48%
10.64%
4.5%
Sales/Revenue/Turnover
8.69%
6.78%
-12.27%
Total Cash Common Dividend
22.36%
49.05%
-1.34%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,810
4,026
2,750
7,503
17,089
2025
2,348
4,099
5,538
- -
14,992
2026
2,378
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
- -
- -
- -
1.1
2025
0.21
- -
- -
- -
1.15
2026
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.48
2025
0.08
- -
- -
- -
0.48
2026
- -
- -
- -
- -
- -
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Business
XJ Electric Co., Ltd. (000400.SZ) manufactures and supplies power equipment and technology solutions for the energy sector in China. The company, founded in 1993 and headquartered in Xuchang, Henan Province, affiliates with China Electrical Equipment Group Co., Ltd. and operates primarily in five core businesses including ultra-high voltage (UHV), smart grid, new energy, electric vehicle charging and battery swapping, and rail transit and industrial intelligence; it also develops emerging areas such as hydrogen energy, advanced energy storage, smart microgrid, intelligent operation and maintenance, and power Internet of Things (IoT). Its main products and services encompass intelligent power conversion and distribution systems such as relay protection systems, substation monitoring systems, intelligent substation systems, industrial control systems, intelligent primary and secondary fusion equipment, distribution terminals, and distribution network automation systems; DC transmission systems including UHV/EHVDC converter valves, control and protection sets, DC measuring equipment, DC power distribution, and DC yard equipment for over 40 HVDC projects; smart meters for energy measurement, digital power consumption, low-voltage electrical equipment, and international markets covering more than 20 countries; intelligent medium voltage power supply equipment; new energy and system integration solutions delivering over 8GW capacity across nearly 300 energy storage power stations for power generation, grid integration, load management, and frequency regulation; charging and swapping equipment forming a green, intelligent ecosystem with one-stop design, commissioning, and operation & maintenance; and electronics manufacturing services (EMS) with capabilities in single boards, devices, panels, cabinets, prefabricated cabins, and system-level power equipment. Products support all power system aspects from production, transmission, distribution, to efficient clean energy utilization, with participation in national projects like UHV smart grid construction, Three Gorges Project, nuclear power, high-speed railway, electric vehicles, smart cities, Pakistan Matiao-Lahore DC project, Xiangjiaba-Shanghai UHVDC, and Zhoushan VSC-HVDC offshore wind power transmission; they serve electric utilities, rail transit, industrial clients, and international markets in Asia, Europe, Latin America, and the Middle East. Recent developments include the October 2025 meeting between Chairman Li Juntao and executives from Kaufmann Electric and Sana Green Power to explore China-EU cooperation in clean energy, technological innovation, intelligent power transformation, new energy, and energy storage equipment; participation in Enlit Asia 2025 and FIEE 2025 exhibitions in September 2025 showcasing energy storage, prefabricated substations, EV chargers, and AMI systems; first application of the domestically-developed 27.5kV intelligent mobile high-voltage chamber in August 2025 at Xi'an Railway Bureau's Yan'an Substation; successful grid connection of five HV mobile substations in Saudi Arabia enduring 55°C desert conditions in 2025; deployment of three SVG sets for Argentina's 3Q Lithium Salt Lake Project in July 2025; inauguration of the Sustainable Energy Management International Joint Innovation Center with Tongji University in June 2025; and visits to Germany, Spain, and Kazakhstan in 2025 for protection devices, new energy, and market opportunities.