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June 2026
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Largest Electrical Parts & Equipment Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
CATL, Luxshare Precision, Sungrow Power Supply, Wus Printed Circuit and Inovance.
 | CATL, headquartered in Ningde, Fujian Province, is a global leading battery manufacturer founded in 2011. The company specializes in the development and production of lithium-ion batteries for EVs and energy storage systems. CATL is the largest EV battery manufacturer in the world and leads the industry in innovative battery technology development for higher-energy density and safety, longer battery service life and super-fast charging. CATL is also involved in the manufacturing of cathode and other related battery materials. Through its subsidiary Brunp, it works with customers to create a closed-loop battery life cycle from production, application, to recycling. | $62 | +68% | $286B | $244B | 3.9x | 14.0x | ||
| Founded in 2004, Luxshare Precision is one of the world's largest manufacturers of cables and connectors and is a major supplier to Apple, which accounts for over 70% of revenue. Of Luxshare's 2024 sales, 83% is derived from the consumer electronics end market, while the remaining 16% is spread across the computer, communication, and automobile verticals. In nonconsumer businesses, Luxshare supplies cooling systems, optical interconnects, cables, power supplies, and other electric hardware. Luxshare employs almost 280,000 people and has manufacturing bases in China, India, and Vietnam. Through acquiring German automotive cabling firm Leoni, it has added 26 more production sites mainly in Europe and Africa. | $11 | +119% | $80B | $88B | 1.8x | 17.2x | ||
| China-based Sungrow manufactures and sells power supply equipment for the new energy industry. It offers a wide range of products, including solar inverters, energy storage systems, wind power converters, electric vehicle drives, among others. It is one of the largest suppliers of solar inverters and energy storage systems globally. It is also one of the largest new energy project developers in the world. Solar inverters, energy storage systems, and new energy investment and development segment each accounted for 37%, 32%, and 27% of revenue in 2024, respectively. | $24 | +147% | $50B | $46B | 3.5x | 17.7x | ||
| Wus Printed Circuit (Kunshan) Co Ltd is a China-based company. It is principally engaged in the manufacture, distribution, and after-sales services of printed circuit boards (PCBs). | $21 | +236% | $40B | $40B | 14.4x | 53.3x | ||
| Inovance is a leading Chinese industrial automation and new energy parts supplier. It offers a wide array of industry automation products such as variable frequency drives, servo systems, program logic controllers, and industrial robots. It also supplies electric drive and power supply systems for new energy vehicles. Inovance generates more than 90% of its revenue from China. | $11 | +17% | $30B | $29B | 4.3x | 29.4x | ||
| NARI Technology Co Ltd is engaged in providing power & automation technologies in China. It operates in areas of power system automation, smart grid, renewable energy, railway automation, industrial control, & energy conservation & environment protection. | $4 | +8% | $28B | $25B | 2.6x | 15.5x | ||
| Huagong Tech Co Ltd produces, sells, and provides technical services for products centered on laser technology, computer software and system integration technology, and PTC technology. The company's main products include laser processing equipment and intelligent manufacturing production lines, laser holographic film series products, optoelectronic device series products, sensitive components, and others. | $23 | +243% | $24B | $24B | 11.1x | 77.9x | ||
| Jiangsu Zhongtian Technology Co Ltd is a China-based company engaged in the manufacturing and distribution of fiber-optic communication and power-transmission products. Its products include power cables, fittings, insulators, arresters, conductors, aluminum-clad steel wires, transformers, and power switch gears; optical fibers, optical fiber cables, coaxial cables, and antennas; and submarine composite and FO cables, submarine cable accessories, and ROV cables. The company also offers marine and offshore cables, lithium-ion batteries, solar cell backsheets, photovoltaic technology products, alloy materials, optical fiber, and optical cable machines. | $7 | +224% | $23B | $22B | 2.8x | 29.8x | ||
| Sieyuan Electric Co Ltd is a China-based company that provides electrical equipment and services. The group mainly specializes in the research and development of electric power technology, equipment manufacturing, and engineering services. Siyuan Electric's business involves power, metallurgy, railway, petrochemical, coal, port, and other industries. The products offered by the company include capacitors, reactors, high voltage SVG, Intelligent terminal, auxiliary system, string harmonic, oil chromatography, UV imager, and others. Geographically, it holds a presence in both the Chinese and international markets. | $28 | +170% | $22B | $21B | 6.7x | 35.8x | ||
| EVE Energy Co Ltd is a China-based enterprise mainly engaged in the research, manufacturing, and sale of consumer batteries, power batteries, and energy storage batteries. Its consumer battery portfolio includes lithium primary cells, compact lithium-ion batteries, and cylindrical batteries, applied in both consumer and industrial sectors such as smart metering, smart home devices, automotive electronics, and more. The company’s power batteries consist of products and systems for new energy passenger vehicles, serving applications in passenger cars, commercial vehicles, engineering machinery, and related fields. Its energy storage batteries are utilized in power, industrial, and commercial energy storage solutions, among other applications. | $9 | +32% | $19B | $22B | 2.4x | 17.8x | ||
| CETC Lantian Technology Co Ltd is mainly engaged in the research and development, production, sales, and services of electrical energy materials, products, and systems. Its business areas include physical power supplies, chemical power supplies, power supply systems, and other upstream and downstream products in the power supply chain. | $10 | -- | $18B | $17B | 35.4x | 237.4x | ||
| Shenzhen Sunway Communication Co Ltd is operating in the communication industry. The company is primarily focusing on the research and development, manufacturing, sales and marketing of the mobile terminal antennas and related modules, acoustic modules and connectors with high electromagnetic compatibility. Its products offering include mobile antenna, precision metal parts, MIM metal parts, acoustics and new materials products. Its products mainly apply to consumer electronic fields like smartphone/tablet PC, smart wearable devices, smart home/IoT and smart automobiles, and primarily expand the supporting capability towards industry, automobile, and military fields. | $14 | +345% | $14B | $14B | 10.8x | 61.4x | ||
| Anhui Tongguan Copper Foil Group Co Ltd is engaged in the research and development, manufacturing and sales of various high-precision electronic copper foils. | $16 | +792% | $13B | $14B | 13.4x | 225.5x | ||
| Jonhon Optronic Technology Co Ltd provides outdoor fiber, outdoor power supply, low-frequency signal, RF, board-to-board power supply, board-to-board high-speed, I/O power supply, and other interconnect solutions for wireless base stations. Its products are used for electrical and signal connection in outdoor antennas, RRU/AAU, BBU, small cells, and other equipment. | $6 | -1% | $12B | $12B | 3.7x | 23.2x | ||
| SUPCON Technology Co Ltd provides technologies and products with automation control systems as the core, covering industrial software, automation instruments and operation and maintenance services. | $13 | +100% | $10B | $10B | 8.2x | 102.0x | ||
| Sichuan Huafeng Technology Co Ltd is a global provider of optical connectors and interconnection solutions. It is engaged in research & development, production and sales of optical and electrical connectors and cable assemblies, and provides customers with system solutions. | $21 | +148% | $9B | $9B | 25.3x | 120.3x | ||
| Far East Smarter Energy Co Ltd operates as a wire and cable manufacturer in China. The company is mainly engaged in system development, design, manufacturing, marketing and service of four major types of cable products, such as overhead wires, power cables, wire and cable for electrical equipment, and special cables. Its products are widely used in smart power, smart transportation, intelligent energy intelligent construction and other fields. | $4 | +431% | $9B | $9B | 2.2x | 72.4x | ||
| BYD Electronic (International) Co Ltd is a diversified components supplier and assembler. The company's primary business is the manufacture, assembly and sale of mobile handset components, modules, and other products. The company's business covers multiple areas such as smartphones, Notebook PC, new energy vehicles, household energy storage, smart home, gaming hardware, drones, AI servers, 3D printers, IoT, robots, communication equipment, medical and healthcare devices, etc. The company generates the majority of its revenue from overseas operations. | $4 | -7% | $8B | $7B | 0.3x | 4.8x | ||
| Hongfa Technology Co Ltd is engaged in Research, manufacture and selling relays, low voltage electrical appliances, contactors, automation equipment and related electronic components and assemblies, electromechanical products, mechanical equipment. | $5 | +59% | $8B | $8B | 3.0x | 13.6x | ||
| Shanghai BOCHU Electronic Technology Corp Ltd is engaged in research & development, production, and sales of laser cutting control systems. The company develops follow-up control, board control, and bus control systems, along with related supporting products. | $23 | +19% | $7B | $6B | 17.8x | 30.5x | ||
| Suzhou Tianmai Thermal Technology Co Ltd is engaged in Research and development, production and sales of thermal conductive and heat dissipation materials and components. | $47 | +206% | $5B | $5B | 32.6x | 158.3x | ||
| Zhuzhou Hongda Electronics Corp Ltd is engaged in the research and development, production, sales and service of electronic components and circuit modules. The company's main products include electronic components, power modules, IF converters, and other products. Its products are widely used in aircraft, vehicles, ships, radars, electronics and other fields, as well as smart phones, industrial control equipment, medical equipment, charging piles, notebook computers, instrumentation, automotive electronics, and other fields. | $12 | +127% | $5B | $5B | 16.6x | 42.6x | ||
| Guizhou Space Appliance Co Ltd is engaged in research and development in the fields of high-end connectors, relays, micro-motors, optoelectronics, cable assemblies, secondary power supplies, control components and telemetry systems. It offers Electrical connector, Fiber linker, Cable, Switch, Medical sample and Locomotive sample. These products are widely used in aviation, aerospace, marine, weapons, nuclear, electronics, communications, medical, rail transit, energy equipment, network equipment, household appliances, and new energy vehicles. Geographically, the group operates through China. | $10 | +34% | $5B | $4B | 5.2x | 54.3x | ||
| Up-Shine Lighting Co Ltd is engaged in Research and development, design, manufacture, sales and service of LED lighting products. | $29 | -- | $4B | $4B | 16.4x | 106.2x | ||
| Wuhan Raycus Fiber Laser Technologies Co Ltd is a China based company engaged in the business of research, development and scale production of high-power fiber lasers and core devices. The company's product portfolio includes short pulsed fiber laser, single module fiber laser, high-power multimode continuous laser, fiber-delivered direct diode laser and others. | $7 | +102% | $4B | $4B | 7.5x | 69.7x | ||
| Electric Connector Technology Co Ltd is engaged in the development, design, manufacturing, and marketing of an electronic connector. The product range comprises miniature RF connectors, precision micro pitch connector, precision shielding frames and covers, shielding retaining clips, precision structural parts, antenna, and application tools. The company's products are widely used in communications equipment, computers, and home appliances. | $9 | +30% | $4B | $3B | 4.4x | 34.6x | ||
| Fujian Longking Co Ltd is a atmospheric environmental protection equipment manufacturing company.It researches, develops, manufactures, and sells electrostatic precipitators, flue gas desulfuration units, air pollution control equipment, and other environmental protection products. | $2 | +42% | $3B | $4B | 2.1x | 12.8x | ||
| CECEP Environmental Protection Co Ltd Formerly CECEP Environmental Protection Equipment Co Ltd is engaged in the designing, developing, manufacturing and selling of transformer equipment and components. | $1 | -2% | $3B | $4B | 4.0x | 9.1x | ||
| Shanghai Awinic Technology Co Ltd is engaged in the research and development and sales of integrated circuit chips. The chips are used in mobile phones, artificial intelligence, Internet of Things, automotive electronics, wearable and consumer electronics and many other fields. | $10 | +6% | $2B | $2B | 5.2x | 34.3x | ||
| MLS Co Ltd is a China-based company engages in the manufacturing and packaging of LED light bulbs. It offers LED ceiling lights, road lights, kitchen lamps, downlights, candle lights, bulb lights, tube lights, rail lamps, grille lamps, filament bulbs, and diodes, as well as light strip. Its products are widely used in commercial lighting, home lighting, industrial and public lighting. The company distributes its products in domestic market and to overseas markets. | $2 | +33% | $2B | $2B | 0.7x | (57.8x) | ||
| Shenzhen Topband Co Ltd is engaged in the manufacturing of intelligent controller solutions, high-efficient motors, and lithium batteries for the household appliance, power tools industry, and technology-related markets. | $1 | -27% | $2B | $2B | 1.1x | 11.3x | ||
| Hexing Electrical Co Ltd is manufacturers and solution providers in smart metering products and systems. The company offers a product such as Gateway Communication Device, Smart Cluster Metering Cabinet, ANSI Meter Test Equipment, Conventional Meter Matrix and Smart Meter Matrix. Geographically operates through China. | $4 | -1% | $2B | $2B | 2.2x | 11.1x | ||
| Hoymiles Power Electronics Inc is engaged in the research and development, manufacturing, and sales of photovoltaic inverters and other power conversion equipment and electrical complete sets of equipment and related products. | $14 | -6% | $2B | $1B | 4.6x | (70.4x) | ||
| Shenzhen Uniconn Technology Co Ltd is a product and solution provider that integrates research and development, design, production, sales, and service of electrical connection components. | $12 | +2% | $2B | $1B | 1.9x | 19.3x | ||
| Naruida Technology Co Ltd is engaged in providing full polarization active phased array radar system solutions. | $3 | -60% | $1B | $1B | 15.1x | 49.1x | ||
| Hangzhou Sunrise Technology Co Ltd is engaged in the research and development, production and sales of electric energy metering and electricity information collection system. Its products include variable terminals, distribution transformer terminals, concentrators, and test equipment. The company distributes its products within domestic market and to overseas markets. | $2 | -14% | $1B | $581M | 2.3x | 5.5x | ||
| Shenzhen Deren Electronic Co Ltd is a China-based company principally engaged in research, development, manufacturing, and sales of connectors and precision components for home appliance, consumer, and automotive electronics, and telematics technology. Their products include electronic connectors, electronic wire harnesses, precision molds and automotive electronics. Geographically, the company has its business presence in China and other international countries. The organization has three business groups, Home appliance and Consumer Electronics Business Group, Automotive Electronics and Electrics Business Group and Telematics Business Group. | $1 | -- | $600M | $679M | 1.0x | 14.7x | ||
| Risuntek Inc is engaged in production and sales of electroacoustic products. The company manufactures and sells acoustic products and parts, communication cables, plastic products, intelligent equipment, and molds. | $4 | -- | $588M | $575M | 2.1x | 27.1x | ||
| Jilin Jinguan Electric Co Ltd engages in the research and development, manufacture, and sale of intelligent electrical switchgear and distribution equipment components. Its products include ring network switching equipment, high voltage equipment, medium voltage switchgear series, substations, low-voltage equipment, and cable accessories. In addition, it offers a smart grid system, municipal engineering system, energy and chemical system, rail transit system, and international cooperation solutions. | $1 | -- | $437M | $453M | 2.9x | (11.6x) | ||
| APT Electronics Co Ltd provides intelligent vision products and system solutions encompassing intelligent automotive vision, high-end lighting and advanced display. Leveraging industry insights and proactive approaches to technological innovation, the company houses a broad array of LED+ technologies that integrate LED technologies with integrated circuits (ICs), electronic control, software, sensors, optics and others. Its energy-efficient and rapidly evolving LED+ technologies further empower its intelligent vision products and systems, enabling the company to penetrate high-value, high-growth markets. | $0 | -25% | $165M | $138M | 0.4x | 4.1x | ||
| CBAK Energy Technology Inc is engaged in the manufacture, commercialization, and distribution of a variety of standard and customized lithium and sodium high-power rechargeable batteries. The batteries are used in light electric vehicles, electric vehicles, energy storage devices, and other high-power applications. The company has two operating segments: CBAK, which derives maximum revenue, and includes the manufacturing, commercialization, and distribution of various standard and customized lithium-ion rechargeable batteries; and the Hitrans segment, which includes the development and manufacturing of NCM precursor and cathode materials. Geographically, the company derives its key revenue from Mainland China, followed by Europe and other regions. | $1 | -36% | $67M | $108M | 0.6x | (13.4x) | ||
| Li Bang International Corp Inc is a holding company. The firm through its subsidiaries engages in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China under its own Libang brand. In addition, its subsidiaries provide customers with comprehensive services, from commercial kitchen design in the early stage to equipment installation and after-sales maintenance. | $1 | -37% | $3M | $12M | 1.1x | (55.2x) | ||
| Median | $9 | +33% | $5B | $5B | 3.8x | 25.2x |
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