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Guangzhou Zhiguang Electric Co Ltd

12.43+55.6%1Y · CNY

Guangzhou Zhiguang Electric Co., Ltd. is a Chinese company that researches, develops, produces, and sells digital energy technologies and products. It operates through five segments: Electrical Business, Energy Saving Business, Power Cable Business, Power Usage Service Business, and Information Technology and Automation Business. The company offers battery energy storage systems (BESS), solar + BESS microgrids, variable frequency drives, static var generators, shore power supply products, hybrid inverters, battery cabinets, battery PACK, BMS, PCS, EMS, complete energy storage power stations, energy storage system integration services, high-voltage variable frequency speed control systems, high-voltage static var equipment, port shore power systems, new energy grid-connected mobile test vehicles, distribution network neutral point grounding devices, power cables, operation and maintenance services for new energy power stations, integrated source-grid-load-storage systems, and microgrid and distributed energy solutions. It also engages in investment in independent energy storage power stations, integrated energy technology research and services, software development, waste heat power generation, distributed energy construction, heating, business services, power engineering design services, fund management, equity investment, technical services, and new energy development activities. Founded in 1999, the company is headquartered in Guangzhou, China.

Price · split & dividend adjusted

Why is Guangzhou Zhiguang Electric Co Ltd (002169.CS) moving?

Latest
▲3▼1

Zhiguang Electric Swings to Profit on Energy Storage Growth, but Cancels Key Acquisition

  • First-Half Profit Surge Confirmed Zhiguang Electric reported first-half net profit of 43.8 million yuan, swinging from a loss, with revenue up 38% to 2.27 billion yuan. This confirms the earlier forecast and shows the energy storage business is driving real earnings growth, supporting a higher stock price.

    This is the actual financial result that validates the company's turnaround and is a core reason for investor optimism.

  • New Energy Storage Contract Signed A subsidiary signed a 217 million yuan contract to supply high-voltage cascade energy storage equipment. This adds to the order book and signals continued demand, which should boost future revenue and profit, pushing the stock up.

    It is a concrete new order that directly supports future earnings and investor confidence.

  • Solid-State Transformer Technology Advance A subsidiary developed a dedicated load test power supply for solid-state transformers, filling an industry gap. This strengthens Zhiguang's technology leadership in next-generation power equipment, potentially opening new markets and supporting long-term growth.

    It highlights a technological edge that could drive future revenue and differentiate the company.

  • Cancelled Acquisition Raises Concerns Zhiguang Electric terminated its plan to buy a 27.18% stake in Guangzhou Zhiguang Energy Storage. The deal's failure may raise questions about growth strategy and capital allocation, potentially weighing on investor sentiment and the stock price.

    It is a negative event that could undermine confidence in management's plans and future growth.

Q3 2026
▲3▼1

Zhiguang Electric Swings to Profit on Energy Storage Growth, but Cancels Key Acquisition

  • First-Half Profit Surge Confirmed Zhiguang Electric reported first-half net profit of 43.8 million yuan, swinging from a loss, with revenue up 38% to 2.27 billion yuan. This confirms the earlier forecast and shows the energy storage business is driving real earnings growth, supporting a higher stock price.

    This is the actual financial result that validates the company's turnaround and is a core reason for investor optimism.

  • New Energy Storage Contract Signed A subsidiary signed a 217 million yuan contract to supply high-voltage cascade energy storage equipment. This adds to the order book and signals continued demand, which should boost future revenue and profit, pushing the stock up.

    It is a concrete new order that directly supports future earnings and investor confidence.

  • Solid-State Transformer Technology Advance A subsidiary developed a dedicated load test power supply for solid-state transformers, filling an industry gap. This strengthens Zhiguang's technology leadership in next-generation power equipment, potentially opening new markets and supporting long-term growth.

    It highlights a technological edge that could drive future revenue and differentiate the company.

  • Cancelled Acquisition Raises Concerns Zhiguang Electric terminated its plan to buy a 27.18% stake in Guangzhou Zhiguang Energy Storage. The deal's failure may raise questions about growth strategy and capital allocation, potentially weighing on investor sentiment and the stock price.

    It is a negative event that could undermine confidence in management's plans and future growth.

News & notes moving 002169.CS
China
002169.CS▲2

Multiple A-share companies report first-half earnings more than doubled

On the evening of August 23, multiple A-share companies released impressive first-half reports, with earnings doubling or even growing several times over. Wankai New Materials achieved first-half operating revenue of 9.652 billion yuan, up 17.52 percent year on year, and net profit attributable to shareholders of 562 million yuan, surging 910.09 percent. China Tungsten and Hightech Materials posted first-half operating revenue of 16.385 billion yuan, up 108.51 percent, with net profit attributable to shareholders of 2.076 billion yuan, rising 280.53 percent. Yuegui Co. reported first-half operating revenue of 2.343 billion yuan, up 72.37 percent, and net profit attributable to shareholders of 663 million yuan, up 182.76 percent. In addition, Vanadium Titanium Resources and Zhiguang Electric successfully turned losses into profits, while net profit at Shangfeng Materials, Oriental Energy, and Dymatic Chemicals more than doubled. As of the evening of August 23, more than 1,700 A-share companies had completed their first-half report disclosures, with 60 percent reporting year-on-year net profit growth and 18.8 percent achieving a doubling of net profit.
000657.CS · Capital · Positive First-half net profit surged 280.53% year on year
301216.CS · Capital · Positive First-half net profit surged 910.09% year on year.
000629.CS · Capital · Positive Turned losses into profits in first-half earnings
002169.CS · Capital · Positive Turned losses into profits in first-half earnings
000672.CS · Capital · Positive Net profit more than doubled in first half
002054.CS · Capital · Positive Net profit more than doubled in first half
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China
Energy Transition & Power Demand▲4

Zhiguang Electric swings to first-half net profit of 43.835 million yuan

Zhiguang Electric disclosed its 2026 semi-annual report, achieving first-half operating revenue of 2.269 billion yuan, up 38.06 percent year on year, with net profit attributable to shareholders of the listed company at 43.835 million yuan, swinging from a loss a year earlier, and basic earnings per share of 0.0564 yuan. During the reporting period, its independent energy storage power station operation business achieved operating revenue of 154 million yuan and net profit of 108.8 million yuan. Its energy storage equipment sales and system integration business achieved operating revenue of 919 million yuan. Due to fluctuations in battery cell prices, delivery of some projects slowed, and the company expects this business will still achieve relatively rapid growth for the full year. On the same day, the company announced the termination of its purchase of a 27.18 percent stake in Guangzhou Zhiguang Energy Storage Technology Company.
About megatrends
Electrification & Mobility › Battery Cells & Pack Manufacturing Pricing
Energy Transition & Power Demand › Energy Storage & Grid Flexibility Competition
002169.CS · Capital · Positive Swing to profit and revenue growth in H1 report
广州智光储能科技有限公司 · Capital · Negative Termination of stake purchase by parent
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人民财·43dRead more →
China
002169.CS▼2

Zhiguang Electric terminates acquisition of 27.18% stake in Zhiguang Energy Storage

Zhiguang Electric has decided to terminate the issuance of shares and cash payment for asset purchase and supporting fund-raising, as well as the related connected transaction. The original plan to acquire a 27.18% stake in its controlling subsidiary Guangzhou Zhiguang Energy Storage Technology has therefore been shelved. The company explained that, given major changes in the current market environment compared with the early planning stage of the transaction, and taking into account the actual situation of the parties involved, it decided to terminate the transaction after prudent consideration and friendly consultation with the counterparties. As one of the counterparties, Cooltech Power disclosed the termination on the same day. It currently holds a 5.1799% stake in Zhiguang Energy Storage and had originally been expected to receive 22.4047 million shares issued by Zhiguang Electric and cash consideration of 4.4348 million yuan. Zhiguang Electric stressed that its production and operations are currently normal, its energy storage related business is in a stage of rapid development, and there are no circumstances under which the company or related parties need to bear liability for breach of contract. The company's 2026 semi-annual report released on the same day showed that net profit attributable to the parent company in the first half of the year was 43.835 million yuan, a sharp turnaround from a loss of 55.1506 million yuan in the same period last year, an increase of 179.48%.
002169.CS · Capital · Negative Termination of acquisition plan for 27.18% stake in subsidiary, shelving deal.
300153.CS · Capital · Negative As counterparty, expected shares and cash consideration from terminated deal now void.
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China
Artificial Intelligence▼impact 4

State Council Executive Meeting Deploys Next-Generation Communications Network Construction; Yangtze Memory Holding IPO Accepted

Premier Li Qiang chaired a State Council executive meeting on August 21, deploying moderately proactive and coordinated efforts to advance next-generation communications network construction, and deliberating and approving documents including a revised draft of the regulations on emergency response, investigation, and handling of electric power safety accidents. The application by Yangtze Memory Holding Company Limited for an initial public offering and listing on the STAR Market was accepted on the evening of August 21, with a planned fundraising amount of 33 billion yuan, and CITIC Securities and CSC Financial as sponsors. From January to March 2026, the company achieved operating revenue of 47.042 billion yuan and net profit attributable to the parent company of 33.379 billion yuan. At the 2026 Green Computing and Artificial Intelligence Conference held in Hohhot on August 22, Hohhot and Ulanqab signed 13 projects with companies including Volcano Engine and Cambricon, with a total investment of 136.1 billion yuan, covering areas such as chip testing, equipment manufacturing, computing power centers, and token factories. Jinnan Co. is planning to transfer its 20 percent stake in Dongguan Securities, and Allied plans to acquire no less than 51 percent equity in Yuanbao Precision through cash transfer and capital increase, both expected to constitute major asset restructuring. Zhiguang Electric announced the termination of its plan to issue shares and pay cash to acquire 27.18 percent equity in Guangzhou Zhiguang Energy Storage Technology Co., Ltd. and to raise supporting funds. Shares of Landun Photoelectron, Seagull Housing, and Zhongnan Culture will resume trading on August 24, with Seagull Housing's controlling shareholder changing to Botai Chelian. Yangtze Optical Fibre and Cable released its 2026 semi-annual report, achieving operating revenue of 9.809 billion yuan in the first half of the year, up 53.64 percent year on year, and net profit attributable to the parent company of 2.925 billion yuan, up 888.88 percent year on year. The United States' measure imposing 50 percent tariffs on some Canadian goods officially took effect at 12:00 a.m. Eastern Time on August 22, and Canadian Prime Minister Carney announced full reciprocal countermeasures, with the relevant measures to take effect on September 8. All three major U.S. stock indexes closed higher on August 21, with the Dow Jones Industrial Average up 0.98 percent, the S&P 500 up 0.43 percent, and the Nasdaq up 0.43 percent. Tesla surged 5.14 percent, while Alibaba plunged 8.57 percent. The China Securities Regulatory Commission approved the IPO registration of Crown New Material Technology Co., Ltd. on the main board of the Shenzhen Stock Exchange. This week, a total of 4 new shares will be issued, and 41 companies will have restricted shares unlocked, with a total unlocked market value of 17.923 billion yuan.
About megatrends
Artificial Intelligence › AI Compute & Accelerator Silicon ▲Demand
Cloud & Digital Infrastructure › Data Platforms & Analytics ▲Demand
Cloud & Digital Infrastructure › Hyperscale Cloud (IaaS / PaaS) ▲Demand
Artificial Intelligence › AI Data Center & Build-out ▲Demand
Semiconductors › Memory — DRAM, NAND & HBM ▲Demand
Semiconductors › Wafer-Fab Equipment & Lithography ▲Demand
Artificial Intelligence › AI Power & Cooling ▲Demand
Semiconductors › Foundry & Contract Fabrication ▲Demand
Yangtze Memory Technologies Co. (YMTC) · Capital · Positive IPO accepted on STAR Market with planned fundraising of 33 billion yuan.
002169.CS · Capital · Negative Zhiguang Electric terminated its plan to acquire 27.18% equity in Guangzhou Zhiguang Energy Storage, a major restructuring failure.
301419.CS · Capital · Positive Plans to acquire ≥51% of Yuanbao Precision via cash and capital increase, a major asset restructuring.
002084.CS · Capital · Positive Seagull Housing's controlling shareholder change to Botai Chelian is a capital event, with shares resuming trading.
688256.CG · Demand · Positive Cambricon signed projects with Hohhot and Ulanqab for computing power centers, indicating demand for its AI chips.
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券商中国·43dRead more →
Energy Transition & Power Demand▲

Zhiguang Electric Subsidiary Signs 217 Million Yuan Energy Storage System Equipment Procurement Contract

Zhiguang Electric announced that its subsidiary, Guangdong Zhiguang Integrated Energy, has signed a procurement contract with Guangdong Sunshine Home Energy. The total contract value is 217 million yuan, tax inclusive, for the procurement of high-voltage cascade energy storage system equipment. If the contract is fulfilled smoothly, it is expected to have a positive impact on the company's financial condition and operating performance.
About megatrends
Energy Transition & Power Demand › Energy Storage & Grid Flexibility ▲Demand
002169.CS · Demand · Positive Subsidiary signs 217M yuan contract for energy storage equipment, boosting revenue prospects.
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Semiconductors▼

CanSemi IPO Under Scrutiny as Connected Transactions Surge: Firm with 14 Insured Employees Lands 28-Million-Yuan Order

CanSemi is drawing market attention during a critical phase of its IPO review due to unusual movements in upstream and downstream connected transactions. On the procurement side, a subsidiary of Zhiguang Electric plans to provide 28 million yuan in integrated energy services to CanSemi in 2026, an over eightfold jump from 3.0364 million yuan in 2025, reversing a previously declining trend. On the sales side, Wuyue Optoelectronics, where CanSemi’s board secretary also serves as a director, was established in May 2024 and contributed a wafer foundry order of 28.4392 million yuan in its second year, a 14.47-fold year-on-year increase, while the company had only 14 social insurance participants in 2025. Sales to another connected customer, Guangxin Micro, also rose from 6.6536 million yuan in 2023 to 14.2563 million yuan in 2025. CanSemi stated in its prospectus that the connected transactions are commercially reasonable and fairly priced, but the market remains skeptical about their authenticity and independence.
About megatrends
Semiconductors › Foundry & Contract Fabrication Competition
002169.CS · Regulation · Negative CanSemi's IPO scrutiny and surge in connected transactions with Zhiguang Electric subsidiary raise regulatory concerns about authenticity and independence.
粤芯半导体 · Regulation · Negative CanSemi's IPO review faces skepticism over connected transactions, including a large order from a newly established firm with few employees, questioning business authenticity.
武汉武粤光电技术有限公司 · Regulation · Negative Wuyue Optoelectronics, a connected party with CanSemi's board secretary as director, shows a 14.47-fold order increase despite only 14 insured employees, raising red flags.
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时代周报·70dRead more →
Energy Transition & Power Demand▲

Zhiguang Electric Subsidiary Develops Dedicated Load Test Power Supply for Solid-State Transformers

Zhiguang Electric’s wholly owned subsidiary, Guangzhou Zhiguang Electric Technology, has successfully developed a dedicated load test power supply for solid-state transformers, filling an industry gap in reliability testing solutions for SST high-voltage operating conditions. The product adopts a power electronics modular design, achieving bidirectional energy flow based on mature bidirectional power conversion topology, with energy feedback efficiency ranking among the industry’s top tier. A single system can reach a maximum test capacity of 5 megawatts, covering full voltage levels of 800 volts, 10 kilovolts, and 35 kilovolts, as well as extreme load conditions such as transient surges and harmonic superposition. The launch of Zhiguang Electric Technology’s SST load test power supply overcomes the core industrialization threshold of SST high-voltage system reliability testing, consolidating the company’s first-mover advantage in China’s next-generation DC power supply sector and completing the technical layout across the entire SST industry chain. At the end of May this year, the company released the Coota solid-state transformer. With the addition of this load test power supply, a complete closed-loop supply chain of domestic SST complete units plus domestic specialized testing equipment has been formed.
About megatrends
Energy Transition & Power Demand › Grid, Transmission & Power Equipment Technology
002169.CS · Technology · Positive Subsidiary developed a dedicated load test power supply for solid-state transformers, filling an industry gap and consolidating first-mover advantage.
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证券时报·80dRead more →
Energy Transition & Power Demand▲2

Zhiguang Electric Expects First-Half Net Profit Attributable to Parent to Rise 165.28% to 197.91% Year-on-Year

Zhiguang Electric has released its 2026 half-year performance forecast, expecting net profit attributable to shareholders of the listed company to reach 36 million to 54 million yuan, a year-on-year increase of 165.28% to 197.91%. Net profit after deducting non-recurring gains and losses is expected to be 34 million to 51 million yuan. The company said the core reason for the turnaround is a significant year-on-year increase in operating revenue in the first half of the year, driving a simultaneous rise in overall gross profit. In 2025, new orders in the energy storage business exceeded 3 billion yuan, with revenue contribution surpassing 55% for the first time, becoming the main engine of performance growth. Annual production capacity for large-scale energy storage systems has reached 15 gigawatt-hours, and revenue from energy storage equipment sales and system integration reached 2.093 billion yuan, up 96.90% year-on-year. In May 2026, the company jointly launched the Coota solid-state transformer with the Clean Energy Research Institute of China Huaneng Group. The new product can achieve 10-kilovolt AC input and 800-volt DC output, targeting scenarios such as data center power supply and distribution, and new energy grid connection. At the industry level, State Grid has finalized a 4 trillion yuan fixed-asset investment plan for the 15th Five-Year Plan period, while China Southern Power Grid's 2026 fixed-asset investment plan reaches 180 billion yuan. Multiple provinces have introduced capacity pricing mechanisms for grid-side independent new energy storage, and the energy storage business model continues to improve.
About megatrends
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Demand
Energy Transition & Power Demand › Energy Storage & Grid Flexibility ▲Demand
Electrification & Mobility › Charging Infrastructure & Networks ▲Demand
Electrification & Mobility › Battery Cells & Pack Manufacturing ▲Demand
002169.CS · Capital · Positive Company expects net profit to rise 165%-198% YoY due to higher revenue and gross profit.
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