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    Electrical Equipment & Parts
Tianjin Benefo Tejing Electric Co., Ltd.

Tianjin Benefo Tejing Electric Co., Ltd.

600468.SS
Tianjin Benefo Tejing Electric Co., Ltd.CN flagShanghai Stock Exchange
5.48
CNY
-0.28
- -
5.96BMarket Cap
Tianjin Benefo Tejing Electric Co., Ltd.
600468.SS
(Shanghai Stock Exchange)

Recent

price

5.48

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
0.83
0.8
0.73
0.79
0.95
0.91
0.74
1.08
1.21
1.44
2.02
2.15
2.05
1.87
1.8
2.04
1.92
Revenue per Share
0.05
0.05
0.03
0.04
0.05
0.01
0.05
0.06
0.04
0.05
0.1
0.1
0.11
0.11
-0.1
0.08
-0.11
Basic EPS, GAAP
0.07
0.02
- -
-0.02
0.27
0.04
-0.05
-0.1
0.05
0.04
0.11
0.13
0.1
0.16
0.12
0.14
- -
Free Cash Flow per Basic Share
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.04
0.03
- -
0.01
0.04
0.03
0.04
0.04
0.03
0.04
Dividend per Share
0.49
0.51
0.54
0.57
0.6
0.6
0.62
0.9
0.92
1.28
1.37
1.44
1.49
1.56
1.42
1.49
1.47
Book Value per Share
0.61
0.56
0.59
0.61
0.63
0.64
1.52
1.57
1.54
1.35
1.48
1.54
1.63
1.74
1.83
1.92
1.89
Tangible Book Value per Share
958
958
958
957
958
957
1,135
1,136
1,122
1,091
1,088
1,087
1,088
1,088
1,088
1,087
1,088
Basic Weighted Avg Shares
799
764
698
756
911
870
840
1,222
1,357
1,569
2,199
2,340
2,233
2,035
1,962
2,217
2,086
Sales/Revenue/Turnover
3.52
2.55
3.39
3.58
1.1
1.21
3.46
6.33
3.8
4.25
8.67
7.27
6.9
7.83
5.54
3.52
4.64
Operating Margin (%)
24
26
26
24
25
33
40
47
48
50
63
64
60
60
60
60
- -
Depreciation Expense
48
50
29
34
49
14
53
66
47
56
110
105
121
119
-109
89
-117
Net Income, GAAP
18.41
23.84
17.53
11.99
13.48
29.81
14.92
12.08
14.45
16.43
19.69
16.7
12.47
14.44
- -
13.28
33.78
Effective Tax Rate (%)
6.04
6.51
4.19
4.47
5.34
1.62
6.34
5.41
3.47
3.59
5
4.48
5.42
5.84
-5.58
4.02
-5.62
Profit Margin (%)
156
71
90
50
85
54
1,103
1,143
1,074
777
774
835
956
1,028
1,092
1,092
1,108
Working Capital
5
4
18
10
- -
- -
- -
25
25
15
1
- -
41
20
25
9
7
LT Debt
660
658
654
689
738
760
1,888
1,941
1,879
1,862
2,003
2,065
2,145
2,237
2,102
2,200
2,166
Total Equity
3
1.89
2.46
2.96
1.07
0.93
1.85
3.43
2.16
2.83
7.61
6.44
5.68
5.38
- -
2.91
4.55
Return on Invested Capital (%)
7.5
7.39
3.42
3.91
5.93
1.39
5.9
5.43
3.69
3.88
5.91
5.42
5.82
5.57
- -
4.92
-3
Return on Capital (%)
10.78
10.38
5.79
6.36
8.69
2.45
8.3
7.64
4.58
4.63
7.61
6.84
7.6
7.17
-6.75
5.62
-6.97
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
403
262
254
LT Borrowings
18
18
- -
LT Finance Leases
6
7
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,088
1,088
1,088
Market Capitalization
5,108
5,068
7,820

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
2,673
2,573
2,689
Cash, Cash Equivalents & STI
837
696
786
Accounts Receivable, Net
929
1,089
1,039
Inventories
460
451
512
Total Current Liabilities
1,581
1,465
1,581
Payables & Accruals
- -
- -
- -
ST Debt
403
262
254
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.45%
1.97%
4.63%
Free Cash Flow
-14.93%
7.85%
14.86%
Net Income, GAAP
2.27%
-72.91%
-181.37%
Sales/Revenue/Turnover
11.12%
0.47%
12.97%
Total Cash Common Dividend
109.42%
106.89%
-36.65%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
506
400
511
545
1,962
2025
495
535
591
- -
2,217
2026
567
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
-0.1
2025
0.03
- -
- -
- -
0.08
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.04
2025
- -
- -
- -
- -
0.03
2026
- -
- -
- -
- -
- -
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Business
Tianjin Benefo Tejing Electric Co., Ltd. (600468.SS) engages primarily in the research, development, production, and sale of power transmission, distribution, and control equipment; wires and cables; and pumps in China and select international markets. The company manufactures a broad range of products, including high-power power electronic devices such as high-voltage static var generators (SVG), high-voltage dynamic var compensation devices (SVC), and secondary control electrical connection products for transmission systems; distribution switch control equipment comprising solid insulation vacuum circuit breakers, outdoor ring main units, intelligent center cabinets, inflatable cabinets, intelligent low voltage switchgear, and box-type substations; low- and medium-voltage switchgear including indoor metal armored withdrawable switchgear, low-voltage withdrawable switchgear, and high-voltage vacuum or sulfur hexafluoride circuit breakers; winding products such as electromagnetic wires, coils, stator embedded wires, copper busbars, and wire rods; pumps encompassing single-screw, twin-screw, triple-screw, centrifugal, gear, and jet varieties; reactive power compensation equipment like low-voltage static var generators, flexible DC transmission devices, energy storage converters, three-phase unbalanced management devices, active filters, and dynamic VAR compensation devices; as well as high-temperature superconducting wires, coils, magnets, and related demonstration equipment. Founded in 1999 and headquartered at No. 12 Minhe Street, Xiqing Economic Development Zone, Tianjin, China, the company, originally named Tianjin Tejing Hydraulic Co., Ltd., shifted its main business from hydraulic parts to electric power equipment in 2005 and lists on the Shanghai Stock Exchange; it operates as a subsidiary of Tianjin Hydraulic & Machine (Group) Co., Ltd. with approximately 1,800 employees. In recent developments, Tianjin Benefo Tejing Electric announced in April 2025 plans for a private placement of A shares to raise up to CNY 300 million, pending shareholder approval at its 2025 annual general meeting, to support ongoing operations and growth initiatives.