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Stock Analysis & ValuationTellhow Sci-Tech Co., Ltd. (600590.SS)

Professional Stock Screener
Previous Close
$11.15
Sector Valuation Confidence Level
Low
Valuation methodValue, $Upside, %
Artificial intelligence (AI)24.09116
Intrinsic value (DCF)4.75-57
Graham-Dodd Methodn/a
Graham Formulan/a

Strategic Investment Analysis

Company Overview

Tellhow Sci-Tech Co., Ltd. is a specialized Chinese technology company that operates at the intersection of defense technology and power infrastructure solutions. Founded in 1996 and headquartered in Nanchang, China, the company has established itself as a key provider of military electromechanical products, communication command systems, and intelligent power equipment. Tellhow's diverse product portfolio includes smart grid software, distribution automation products, power switching equipment, and various generator sets for land, marine, and specialized applications. Operating in the competitive consumer electronics sector within the broader technology industry, the company serves both defense and civilian power infrastructure markets. Tellhow Sci-Tech represents China's growing domestic capabilities in military technology and power infrastructure, positioning itself as a strategic supplier in critical national infrastructure sectors. The company's dual focus on military and power applications provides diversification across government and commercial customers, though this also exposes it to the cyclical nature of defense spending and infrastructure investment patterns.

Investment Summary

Tellhow Sci-Tech presents a high-risk investment profile with significant challenges. The company reported substantial losses of -CNY 991 million on revenue of CNY 4.36 billion for the period, with negative EPS of -1.16 CNY. While the company maintains a moderate market capitalization of CNY 8.55 billion and a low beta of 0.525 suggesting lower volatility than the market, the financial performance raises serious concerns. Positive operating cash flow of CNY 31.5 million is overshadowed by negative capital expenditures and a debt load of CNY 3.24 billion against cash reserves of CNY 1.26 billion. The absence of dividends further reduces attractiveness for income-seeking investors. Investment appeal is primarily contingent on potential Chinese government defense contracts and infrastructure spending, but current financial metrics indicate substantial operational challenges that warrant caution.

Competitive Analysis

Tellhow Sci-Tech operates in two distinct but related competitive landscapes: military technology and power infrastructure equipment. In the military segment, the company faces competition from large state-owned defense contractors and specialized technology firms with deeper government relationships and R&D capabilities. Their competitive positioning relies on niche expertise in electromechanical systems and communication command solutions, though scale disadvantages compared to larger defense conglomerates may limit their ability to compete for major contracts. In the power equipment segment, Tellhow competes with both domestic Chinese manufacturers and international technology companies offering smart grid solutions and power generation equipment. The company's potential competitive advantages include integrated solutions that bridge military and civilian applications, domestic manufacturing capabilities benefiting from Chinese infrastructure investment policies, and specialized expertise in certain power generation technologies. However, financial constraints evidenced by recent losses may hamper R&D investment and competitive positioning against better-capitalized rivals. The company's dual-market approach provides diversification but also spreads resources thin across different competitive environments requiring distinct capabilities and relationships.

Major Competitors

  • China Shipbuilding Industry Group Power Co., Ltd. (601606.SS): A major state-owned enterprise specializing in naval power systems and marine equipment with significantly larger scale and government backing. Strengths include extensive R&D resources, dominant market position in naval applications, and strong government relationships. Weaknesses include bureaucratic inefficiencies common in large SOEs and less flexibility than smaller competitors. Compared to Tellhow, they represent a much larger and better-resourced competitor in military power systems.
  • Xiangtan Electric Manufacturing Co., Ltd. (600416.SS): Specializes in electrical machinery and equipment with strong presence in power generation and transmission. Strengths include established market position, technical expertise in electrical systems, and diversified product portfolio. Weaknesses include exposure to cyclical industrial markets and intense domestic competition. Competes directly with Tellhow in power generation equipment and smart grid solutions with potentially stronger industrial focus.
  • Xuji Electric Co., Ltd. (000400.SZ): Leading provider of power transmission and distribution equipment with strong grid relationships. Strengths include comprehensive product range, established utility customer base, and technical capabilities in high-voltage equipment. Weaknesses include heavy dependence on domestic grid investment cycles and pricing pressure. Competes directly with Tellhow in distribution automation and power switching equipment segments.
  • Shanghai Electric Group Co., Ltd. (601727.SS): Massive diversified electrical equipment manufacturer with global presence. Strengths include enormous scale, comprehensive product range across power generation and transmission, and international operations. Weaknesses include complexity of managing diverse business units and exposure to multiple competitive markets. Represents a much larger competitor across multiple segments where Tellhow operates, particularly in power generation equipment.
  • Sieyuan Electric Co., Ltd. (002028.SZ): Specialized in power transmission and distribution equipment with focus on technology innovation. Strengths include strong R&D capabilities, specialized product expertise, and growing international presence. Weaknesses include smaller scale compared to giants and dependence on technical niche markets. Competes with Tellhow in smart grid and distribution automation segments with potentially stronger technological focus.
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