God horse power was established in 1996, listed on August 5, 2019.God horse power is a national high-tech enterprise engaged in the production outside the outer insulation of the power system development and power system insulation related products, with the State Key Laboratory of Composite insulation energy power and doctoral workstations.
God horse power is CIGRE Committees (CIGRE) members, the Institute of Electrical and Electronics Engineers (IEEE) and member of the Society of Electrical World Engineering (CSEE) members, has participated in or led the development of the power grid company, industry, national and international standards Total 20 item.As of March 20, 2019, the cumulative power of God Ma patent application 476, 244 authorized patents, including patents 81, 151 utility models, designs 12.A total of 28 international patents, including patents 11, 17 design patents, authorized countries, including the United States, Japan, India, Korea, Europe.
In 2012, Ma Bin, chairman of God horse power as one of the main completed “UHV AC transmission key technologies, equipment and engineering” project, access to the 2012 annual national scientific and technological progress; in 2017, mainly as a god horse power one complete unit, the company chairman Ma Bin participation as one of the main completed the “± 800kV UHV DC transmission project” to get 2017 annual national scientific and technological progress; 2017 and 2018, twice won World business innovation capability assessment 1000.
Shenma Power Substation primarily engaged in electric power in a composite insulation, outer transmission and distribution lines and the insulating rubber composite seals such as product development, production and sales.Shenma power substation composite outer insulation products include substation Composite Insulator (hollow Composite Insulator, struts Composite Insulator), composite bushing transformers, switches and other composite bushing; composite outer insulation products transmission and distribution lines include lines and composite Composite Insulator crossarm (transmission tower composite crossarm and distribution grid composite crossarm); smarter power through in-depth study of the seal structure of electrical equipment, and the seal material seals the mounting process, electrical equipment developed solution with integral seals.In addition, the horse power of God through innovative electrical design, construction and installation of innovative technology innovation, developed anti-flashover solution for power systems of traditional porcelain, glass external flashover governance insulation products.
Key Let’s look at 2015 – 2019 total revenue change God horse power and net profit -:
God horse power changes in revenue and net profit in recent years is not large, which is related with the market capacity outside power system insulation related products, market demand in these segments will not substantially increase.Given the market size is not large, new enterprises to enter the field more difficult.Outside the power system technical advantages of insulation related products on the horse power of God’s products remain relatively high gross margin level.Currently, the market capitalization God horse power is relatively low, earnings and book value is too high.
The main domestic customers god horse power for the national grid, China Southern Power Grid Grid Corporation and its provinces, Inner Mongolia Electric Power (Group) Co., Ltd., as well as large-scale power equipment manufacturers.For power companies, the company mainly through the bidding to obtain orders; for power equipment manufacturers, the company under contract to its supplier orders.Our main international customers for large power equipment with the ABB Group, GE Group, Siemens Group, represented by manufacturers and international grid customers.
Risk Warning: God horse power performance of the domestic power companies dependent great demand mainly depends on the progress of domestic power grid company new construction and renovation projects.
Lone independent analysis to look at here, the text data comes from God horse power company earnings and official website, the text view represents only personal point of view, we have different opinions, comments welcome discussion.