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    Electrical Equipment & Parts
Henan Pinggao Electric Co.,Ltd.

Henan Pinggao Electric Co.,Ltd.

600312.SS
Henan Pinggao Electric Co.,Ltd.CN flagShanghai Stock Exchange
17.22
CNY
-0.42
- -
23.37BMarket Cap
Henan Pinggao Electric Co.,Ltd.
600312.SS
(Shanghai Stock Exchange)

Recent

price

17.22

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
2.53
3.09
4.01
4.66
4.39
5.57
6.75
6.6
7.97
8.22
7.21
6.84
6.84
8.16
9.14
9.22
7.16
Revenue per Share
- -
0.02
0.17
0.49
0.66
0.73
0.93
0.46
0.21
0.17
0.09
0.05
0.16
0.6
0.75
0.83
0.63
Basic EPS, GAAP
-0.85
-0.22
0.26
-0.81
-0.44
-0.06
1.02
-0.65
0.49
0.85
0.93
0.81
0.98
1.76
2.08
0.38
-0.22
Free Cash Flow per Basic Share
0.08
0.04
0.08
0.12
0.1
0.53
0.5
0.68
0.23
0.16
0.11
0.06
0.04
0.07
0.35
0.34
0.26
Dividend per Share
1.52
1.54
1.69
2.07
2.47
2.42
2.82
2.55
2.61
2.68
2.7
2.71
2.82
3.32
3.57
4.14
4.45
Book Value per Share
2.95
2.82
2.86
3.77
4.91
5.25
5.83
5.41
5.33
5.41
5.52
5.77
6.03
6.73
7.08
7.68
8.02
Tangible Book Value per Share
819
817
819
819
1,050
1,212
1,313
1,357
1,357
1,357
1,357
1,356
1,357
1,357
1,357
1,357
1,357
Basic Weighted Avg Shares
2,076
2,525
3,284
3,818
4,606
6,750
8,870
8,959
10,816
11,160
9,781
9,273
9,274
11,077
12,402
12,517
9,717
Sales/Revenue/Turnover
1.5
2.45
6.13
12.98
17.61
18.18
17.1
10.24
5.43
3.41
4.31
3.62
4.19
9.3
10.55
11.59
11.73
Operating Margin (%)
76
83
113
137
182
253
340
363
402
403
415
486
461
386
371
382
- -
Depreciation Expense
4
17
135
399
693
885
1,220
631
286
229
126
71
212
816
1,023
1,120
859
Net Income, GAAP
36.38
48.12
9.59
14.38
13.06
14.4
15.68
17.56
26.93
20.19
32.71
9.51
8.94
8.14
12.12
14.06
13.94
Effective Tax Rate (%)
0.17
0.69
4.12
10.44
15.05
13.11
13.75
7.04
2.65
2.05
1.29
0.76
2.29
7.36
8.25
8.95
8.84
Profit Margin (%)
1,424
1,063
1,314
1,464
2,687
3,693
4,812
4,019
4,151
2,373
2,539
3,265
4,182
5,006
5,835
6,807
7,506
Working Capital
250
110
457
398
- -
548
549
- -
200
- -
5
- -
- -
- -
44
77
76
LT Debt
2,723
2,738
2,874
3,814
6,089
8,028
9,353
9,178
9,209
9,316
9,383
9,493
9,739
10,489
10,965
11,768
12,211
Total Equity
0.59
1.01
5.75
10.34
12.12
12.67
12.52
6.67
3.45
2.51
2.59
2.99
3.58
9.32
10.9
11.14
8.2
Return on Invested Capital (%)
1.35
2.41
9.89
18.62
22.59
20.51
23.33
11.34
5.9
4.89
3.01
1.3
3.3
14.55
17.58
17.45
12.55
Return on Capital (%)
0.3
1.39
10.25
25.88
32.33
32.05
36.81
17.61
8.17
6.37
3.45
1.93
5.65
19.57
21.88
21.41
15.29
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1
1
LT Borrowings
- -
74
74
LT Finance Leases
- -
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
1,357
1,357
Market Capitalization
22,771
23,545
27,521

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
16,854
16,689
Cash, Cash Equivalents & STI
- -
7,180
6,065
Accounts Receivable, Net
- -
6,168
6,334
Inventories
- -
1,765
2,229
Total Current Liabilities
- -
10,047
9,183
Payables & Accruals
- -
- -
- -
ST Debt
- -
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.02%
4.67%
7.32%
Free Cash Flow
-211.18%
4.81%
-81.87%
Net Income, GAAP
34.52%
95.05%
9.45%
Sales/Revenue/Turnover
7.11%
5.43%
0.93%
Total Cash Common Dividend
33.48%
83.51%
-3.71%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,044
2,998
2,843
4,516
12,402
2025
2,510
3,185
- -
4,081
12,517
2026
2,450
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
- -
- -
- -
0.75
2025
0.26
- -
- -
- -
0.83
2026
0.31
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.35
2025
0.08
- -
- -
- -
0.34
2026
- -
- -
- -
- -
- -
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Business
Henan Pinggao Electric Co.,Ltd. excels in the research, development, manufacturing, sales, and comprehensive servicing of high, super-high, and ultra-high voltage AC/DC electrical switchgear. Based in Pingdingshan, China, the company's extensive product range features SF6 gas-insulated switchgear (GIS/H-GIS), tank circuit breakers, open-type SF6 circuit breakers, various disconnectors, earthing switches, and critical related components for power transmission. Renowned for its strong R&D, the firm is at the forefront of UHV and environmentally friendly switchgear innovations, actively contributing to China's national power infrastructure and expanding its presence in international markets.