Brief Introduction

CEI has accumulated strength in scientific researches over the last 60 years in the fields of quality & technology services, intelligent equipment, environmental-friendly coatings and polyester resins through its R & D activities and innovations in technologies and standardization, supporting national strategies and providing integrated solutions to quality improvement of electrical products.

CEI has established the national level R & D platforms including the state key laboratory and the national technical standards innovation base. CEI makes efforts in researching and developing technologies involved in standards and regulations, testing and evaluation, system integration, electric power conversion, advanced process control and environmental-friendly materials, thus achieving a series of advanced achievements.

Technical standards are key to market competitions. CEI runs 15 platforms interfacing with international standards and 11 platforms of national standards. Since 2010, CEI has led or participated in the development and revision of over 600 technical standards including 30 IEC standards. CEI serves as an important platform supporting China's electrical industry to have more voice on the international stage.

For each year, CEI provides more than 10,000 customers in more than 30 countries and regions with its professional technological services.

CEI is dedicated to supplying our clients with one-stop services in quality and technology such as testing, certifications, standardization, calibrations, inspections, proficiency testing, laboratory technical services and training in the fields of electrical products and related applications, and has the leading market share in testing of electronic & electrical products and household electrical appliances. Operating China National Center for Quality Supervision and Test of Electrical Appliances and National Quality Supervision & Testing Center for Intelligent Vehicle Components, CEI is capable of issuing test reports recognized by over 100 authorized organizations in more than 70 countries and regions.

CEI is dedicating to application researches featuring combinations of R&D and industrialization, and provides our clients with solutions of smart factories for household electrical appliances, excitation equipment, automatic testing system for new energy batteries, intelligent production equipment for automobiles, etc., with the lead technologies in relevant industries.

CEI's environmental-friendly coatings and polyester resins provide excellent protection for electrical products. In particular, relying on the advanced climatic resistance technology, the output of CEI's polyester resins ranks one of the top in China. CEI is recognized as the "Top 10 Outstanding Enterprises" in the powder coating industry.

CEI is affiliated to SINOMACH which is a Fortune Global 500 enterprise. Upholding SINOMACH's philosophy of "working together and pursuing win-win innovation", CEI applies itself to scientific and technological innovations and provides our customers with professional technological services of high quality, focusing on smart home and intelligent vehicles. Listing on the A-share of the Shanghai Stock Exchange in China, CEI is continuously gathering various high-end talents to build CEI into an irreplaceable institute engaged in application researches and into a technological innovation platform specialized in electrical industry.

Company Overview

Full name China National Electric Apparatus Research Institute Co., Ltd.
Abbreviations CEI
Code 688128
Founded 1987-12-22
Listing 2019-11-5
Domicile Guangzhou
STAR Theme Others
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.70 0.70 0.58
R&D expenditure as a % of operating revenue 8.29% 7.79% 7.67%
Operating Revenue 2,519.65 2,752.40 2,597.80
Net Income 283.22 255.51 210.27

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 2,519.65 2,752.40 2,597.80
Operating Costs 1,725.57 1,852.16 1,825.72
Operating Income 306.26 280.40 226.60
Pretax Income 308.96 277.38 229.10
Income Tax 25.74 21.87 18.83
Net Income 283.22 255.51 210.27

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 3,091.50 2,749.66 1,994.24
Non-current Assets-Total 902.52 791.81 641.58
Total Assets 3,994.02 3,541.47 2,635.82
Current Liabilities-Total 1,489.76 1,215.74 1,483.32
Non-current Liabilities-Total 186.83 168.72 115.84
Total Liabilities 1,676.59 1,384.46 1,599.16
Stockholder's Equity
Share Capital 1,809.13 1,809.13 890.48
Retained Profits 485.88 321.83 131.94
Minority Interests 22.42 26.05 14.24
Total Owners' Equity 2,317.43 2,157.01 1,036.66

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 380.86 445.85 174.10
Net Cash Flows-Investing -206.02 -846.36 -128.37
Net Cash Flows-Financing -123.42 779.75 -85.12

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
China National Machinery Industry Corporation Ltd 191.43 47.33%
Guangzhou Kaitian Investment Management Center(Limited Partnership) 95.72 23.66%
Zhejiang CHINT Electrics Co., Ltd. 37.83 9.35%
SINOMACH Capital Holding Corporation 21.27 5.26%
China Securities Investment Limited 2.13 0.53%
Ying Liu 0.89 0.22%
Zhongnan Shen 0.46 0.11%
Hong Yin 0.42 0.10%
Zhimin Li 0.38 0.09%
Shu Zhu 0.31 0.08%
As of 2021-03-31

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