XJ Electric Co (000400) Fair Value & Analysis

Industrials · CN · Market cap 23.3B CNY

A solid business, currently priced close to our fair value.

What matters now

• The price sits close to our fair value, market and models broadly agree here, little valuation tension.
• Our model range runs from ¥18.05 (bear) to ¥30.08 (bull), base ¥24.06. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 67/100 (solid quality) with medium evidence: read the verdict with care.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range ¥11.72 – ¥33.84 · fair‑value band ¥18.05 – ¥30.08 · the ¥22.76 price screens below the ¥24.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 7, 2026.

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Analysis

XJ Electric Co (000400) currently trades at ¥22.76, while our model-based Fair Value estimate is ¥24.06, implying the stock looks roughly 5.7% fairly valued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, XJ Electric Co generated revenue of 15.0B CNY at a net margin of 7.1%. Revenue grew 1.3% year over year. It earns a return on equity of 9.2%. The balance sheet holds a net cash position of 5.3B CNY. Fundamentals as of Aug 7, 2026

Our scenario range runs from ¥18.05 (bear case) to ¥30.08 (bull case); at ¥22.76, the current price sits within 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 34% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 6%, 000400 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Widest divergence: DCF Models (¥39.23) versus Asset-Based (¥7.99). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

XJ Electric Co., Ltd. provides energy and power and technology equipment in China and internationally. It offers DC transmission products and services, including DC transmission converter valves, DC flow measurement equipment, DC transmission control and protection systems, DC simulation systems, digital converter stations, and converter valve cooling …

Full company description

XJ Electric Co., Ltd. provides energy and power and technology equipment in China and internationally. It offers DC transmission products and services, including DC transmission converter valves, DC flow measurement equipment, DC transmission control and protection systems, DC simulation systems, digital converter stations, and converter valve cooling equipment, as well as prefabricated substation. The company also provides smart meter products, consisting of smart electricity terminals, electricity consumption data acquisition systems, etc.; and intelligent medium-voltage power supply and utilization solutions comprising switches, transformers, reactors, arc suppression lines, ring grounding equipment, ring network cabinets, etc. In addition, it offers new energy and system integration services, such as engineering consulting, design, system integration, engineering general contracting and other services for new energy, energy storage and other services, as well as provides solutions for hydrogen power supply and off-grid hydrogen production. Further, the company is involved in the electric vehicle charging and swapping equipment; and processes and manufactures of chassis, cabinets, outdoor boxes, switch mechanisms, structural product design and manufacture, electronic screen cabinet assemblies, surface coatings, and other processing and manufacturing businesses. Additionally, it provides intelligent power distribution systems that include relay protection systems, substation monitoring systems, intelligent substation systems, industrial control systems, distribution terminals, and distribution network automation systems; and offers technical, product, and support services for the production, transmission, distribution, and efficient utilization of clean energy. XJ Electric Co., Ltd. was founded in 1993 and is based in Xuchang, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

XJ Electric Co reported revenue of ¥15.0B in FY2025 versus ¥12.0B in FY2021, a compound +5.7%/yr. Reported net income was ¥1.2B in FY2025, compounding +12.7%/yr from FY2021.

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Peer Group

Electrical Equipment & Parts · 528 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

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.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.