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Stock Analysis & ValuationShandong Sacred Sun Power Sources Co.,Ltd (002580.SZ)

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$12.61
Sector Valuation Confidence Level
Moderate
Valuation methodValue, $Upside, %
Artificial intelligence (AI)32.04154
Intrinsic value (DCF)20.7364
Graham-Dodd Method5.83-54
Graham Formula6.76-46

Strategic Investment Analysis

Company Overview

Shandong Sacred Sun Power Sources Co., Ltd. is a prominent Chinese manufacturer of green energy solutions with over three decades of industry experience since its founding in 1991. Headquartered in Qufu, China, the company specializes in developing and producing a comprehensive portfolio of energy storage products including lithium-ion batteries, lead-acid batteries, and integrated power systems. Sacred Sun serves diverse industrial applications across three primary segments: network power for telecommunications and data centers, energy storage solutions for renewable energy integration, and motive power for electric vehicles and industrial equipment. As a key player in the electrical equipment sector within the industrials space, the company leverages its established manufacturing capabilities and technological expertise to address growing global demand for reliable energy storage solutions. Operating on the Shenzhen Stock Exchange, Sacred Sun has built a reputation for quality power products that support critical infrastructure worldwide while contributing to the transition toward sustainable energy systems through its green technology focus.

Investment Summary

Shandong Sacred Sun presents a mixed investment profile with several positive fundamentals offset by concerning operational metrics. The company maintains a strong balance sheet with CNY 686 million in cash against CNY 367 million in total debt, providing financial stability. With a market capitalization of CNY 6.6 billion and a beta of 0.112, the stock demonstrates low volatility relative to the broader market. However, profitability metrics raise concerns - while the company generated CNY 205 million in net income on CNY 3 billion revenue, representing a modest 6.8% net margin, the operating cash flow of CNY 119 million appears weak relative to earnings. The dividend yield is minimal at CNY 0.04 per share. The primary investment thesis revolves around Sacred Sun's positioning in the growing energy storage market, but investors should monitor operational efficiency improvements and cash flow generation capabilities closely.

Competitive Analysis

Shandong Sacred Sun operates in the highly competitive energy storage and battery manufacturing sector, where it faces pressure from both domestic Chinese giants and international technology leaders. The company's competitive positioning is defined by its diversified product portfolio spanning both traditional lead-acid and modern lithium-ion technologies, allowing it to serve multiple market segments. Sacred Sun's three-decade industry presence provides established customer relationships and manufacturing expertise, particularly in network power applications where reliability is critical. However, the company faces significant scale disadvantages compared to larger competitors who benefit from greater R&D budgets and production economies of scale. In the lithium-ion segment, Sacred Sun competes against technologically advanced players with superior energy density and lifecycle performance. The company's focus on the Chinese market provides domestic advantages but may limit global reach compared to multinational competitors. Competitive differentiation appears to rely on cost-competitive manufacturing and reliability in specific industrial applications rather than technological leadership. The energy storage market's rapid evolution toward higher efficiency systems presents both opportunity and threat - Sacred Sun must continuously invest in R&D to maintain relevance against innovators while leveraging its experience in industrial power applications where performance consistency outweighs cutting-edge technology.

Major Competitors

  • EVE Energy Co., Ltd. (300014.SZ): EVE Energy is a major Chinese lithium battery manufacturer with strong technological capabilities and significant scale advantages over Sacred Sun. The company has established partnerships with international automotive manufacturers and benefits from substantial R&D investments. However, EVE faces intense price competition in consumer electronics batteries and carries higher debt levels. Compared to Sacred Sun's diversified approach, EVE focuses more heavily on lithium-ion technology.
  • Gotion High-tech Co., Ltd. (002074.SZ): Gotion High-tech specializes in lithium-ion phosphate batteries with strong positioning in the electric vehicle market. The company benefits from Volkswagen's strategic investment and global expansion ambitions. Gotion's technological focus on LFP chemistry gives it cost and safety advantages in specific applications. However, the company faces margin pressure from raw material costs and intense competition. Unlike Sacred Sun's broad product range, Gotion has a more concentrated technology focus.
  • Beijing Dynamic Power Co., Ltd. (600405.SS): Beijing Dynamic Power competes directly with Sacred Sun in network power and UPS systems, particularly for telecommunications and data center applications. The company has strong technical capabilities in power electronics and system integration. However, it faces challenges from industry consolidation and has experienced profitability volatility. Compared to Sacred Sun, Beijing Dynamic Power has stronger system integration capabilities but may have less manufacturing depth in battery cells.
  • Nippon Paint Holdings Co., Ltd. (NPPTF): While not a direct battery competitor, Nippon Paint represents the industrial conglomerate model that could expand into energy storage. The company has strong financial resources and global distribution networks that could facilitate market entry. However, Nippon Paint lacks specific battery technology expertise and would face significant barriers to entry. This illustrates the potential for well-capitalized industrial players to disrupt specialized battery manufacturers like Sacred Sun.
  • EnerSys (ENS): EnerSys is a global leader in stored energy solutions with a product portfolio similar to Sacred Sun's, including both lead-acid and lithium batteries for industrial applications. The company has strong global distribution and brand recognition, particularly in motive power applications. However, EnerSys faces higher manufacturing costs compared to Chinese competitors and must navigate trade tensions. Sacred Sun competes on price in specific regional markets but lacks EnerSys's global reach.
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