Sungrow Power Supply Co Ltd (300274) Fair Value & Analysis
Industrials · CN · Market cap 238B CNY (≈ $35.5B) · ISIN CNE1000018M7
What is Sungrow Power Supply Co Ltd really worth?
A solid business, trading 29% below our fair value of ¥123.83.
Strengths
Risks
For context
Fair value as of: Sep 3, 2026
From 26 valuation models · updated yesterday
Share price −16.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (¥94.13). The market is more pessimistic than our downside scenario.
- The model range is unusually wide (¥94.13 to ¥386.42). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
60‑month range ¥39.47 – ¥204.42 · fair‑value band ¥94.13 – ¥386.42 · the ¥88.43 price screens below the ¥123.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.
Analysis
Sungrow Power Supply Co Ltd (300274) currently trades at ¥88.43, while our model-based Fair Value estimate is ¥123.83, implying the stock looks roughly 28.6% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ¥297.25 per share, and 20 of the 26 models we run sit above the ¥88.43 price. Bear case: the Asset-Based group reads lowest at ¥15.06, and 6 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Sungrow Power Supply Co Ltd generated revenue of 85.7B CNY at a net margin of 13.9%. Revenue declined 18.3% year over year. It earns a return on equity of 25.0%. The balance sheet holds a net cash position of 10.4B CNY. Fundamentals as of Sep 3, 2026
Our scenario range runs from ¥94.13 (bear case) to ¥386.42 (bull case); at ¥88.43, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 58% below its 52-week high and 50% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −45% fair-value upside, at 40%, 300274 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥2.81 per share, which is 2.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (¥297.25) versus Asset-Based (¥15.06). Highest evidence: EPV (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 63 · Market factors (momentum, volatility) 27
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Sungrow Power Supply Co., Ltd. engages in the research and development, production, sale, and service of new energy power equipment for solar energy, wind energy, energy storage, and electric vehicles.
Full company description
Sungrow Power Supply Co., Ltd. engages in the research and development, production, sale, and service of new energy power equipment for solar energy, wind energy, energy storage, and electric vehicles. The company offers photovoltaic inverters, wind power converters, energy storage systems, new energy vehicle drive systems, floating photovoltaic systems, and smart energy operation services, as well as operation and maintenance services. It operates in Europe, the Americas, the Middle East, Africa, the Asia-Pacific, China, and internationally. Sungrow Power Supply Co., Ltd. was founded in 1997 and is based in Hefei, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sungrow Power Supply Co Ltd reported revenue of 89.2B CNY in FY2025 versus 24.1B CNY in FY2021, a compound +38.6%/yr. Reported net income was 13.5B CNY in FY2025, compounding +70.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
of which total revenue +39.1 % · buybacks/dilution −3.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Electrical Equipment & Parts · 542 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$652.50 | HK$394.19 | −40% |
| ABB Ltd ABBN | CHF 80.10 | CHF 28.70 | −64% |
| Delta Electronics (Thailand) Public Company TDED | 10.40 SGD | 1.47 SGD | −86% |
| Vertiv Holdings VRT | $257.08 | $63.13 | −75% |
| LG Energy Solution, Ltd 373220 | 365,500 KRW | 201,455 KRW | −45% |
| Prysmian S.p.A PRY | €117.10 | €84.15 | −28% |
| Legrand SA LR | €139.65 | €78.82 | −44% |
| Hubbell Incorporated HUBB | $443.31 | $285.77 | −36% |
| Shenzhen Inovance Technology Co 300124 | ¥61.07 | ¥33.04 | −46% |
| nVent Electric plc NVT | $151.98 | $40.68 | −73% |
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