Sichuan Kexin Mechanical and Electrical Equipment Co.,Ltd
300092.SZ · SHZ
Company research
Sichuan Kexin Mechanical and Electrical Equipment Co., Ltd. (300092.SZ) is a national high-tech enterprise founded in 1997 and headquartered in Shifang, China, specializing in the design, development, manufacture, installation, and sales of large-scale heavy-duty process equipment and system integration. The company's extensive product portfolio includes pressure vessels, reactors, heat exchangers, furnaces, tower equipment, nuclear power and military-grade equipment, and skid-mounted systems, serving critical industries such as petrochemical, nuclear power, military, new energy, coal chemical, and natural gas chemical sectors. Sichuan Kexin holds prestigious certifications including Civil Nuclear Safety Equipment Manufacturing Licenses (Class 2 & 3), Class A1 pressure vessel design and manufacturing licenses, GC1 pressure pipeline installation qualification, and ASME U and U2 design and manufacturing authorizations, positioning it as one of China's few domestic manufacturers of nuclear-grade pressure vessel equipment. Listed on the Shenzhen Stock Exchange since July 2010, the company also engages in international trade and provides technical consulting and engineering project contracting services, with a workforce of approximately 955 employees and a market capitalization of approximately CNY 3.56 billion.
Research reports
This stock analysis report reviews Sichuan Kexin’s fundamentals, past performance, valuation metrics, dividend track record, and balance-sheet strength to frame its investment profile. It outlines key risks such as earnings volatility and sector cyclicality while assessing whether the current valuation is reasonable relative to growth and profitability.
Futunn (Futu Holdings) · August 23, 2025科新機電(300092):1H25業績低於預期石油煉化設備更新需求向好The report analyzes 1H25 results, noting double‑digit declines in revenue and profit driven by a less favorable product mix and extended receivable cycles, with 2Q25 earnings showing pronounced short‑term pressure. It highlights accelerating growth in refining equipment from upgrade projects, rising coal‑chemical margins, emerging overseas sales, a 14.6 CNY target price with an “outperform industry” stance, and risks from intensifying competition and potential shortfalls in policy execution.