Ningbo Deye Technology (605117) Stock Price, Fundamentals & Analysis

What 605117 does

Ningbo Deye Technology (605117) is a Shanghai Stock Exchange-listed company in the Industrials sector, specifically in the Electrical Equipment & Parts industry, headquartered in Ningbo, China. The company researches, designs, develops, produces, sells and services solar inverter systems, frequency conversion control systems, environmental electrical appliances, and heat exchangers. Its product range includes energy storage, string, and grid-tied micro inverters, as well as energy storage systems; household, industrial, fresh air, pipe ceiling, and rotary dehumidifiers; solar air conditioners; solar water pumps; frequency conversion air conditioners; PCBA supporting solutions; and evaporators and condensers. It also provides scientific research, technical services, technology promotion, investment activities, and wholesale and retail trade. The company exports to Germany, India, South Africa, Ukraine, the United Arab Emirates, and internationally.

Key numbers explained

• Market and price: Ningbo Deye Technology trades on the Shanghai Stock Exchange under the symbol 605117. The current price is 76.47 CNY, down 1.97% today.
• Valuation: The trailing P/E ratio of 22.2 shows how much investors pay per unit of past earnings, while the forward P/E ratio of 13.4 reflects expected future earnings. A lower forward P/E can suggest anticipated earnings growth.
• Profitability: The company has a profit margin of 25.2% and an operating margin of 26.7%, indicating strong cost control and profitability. The return on equity (ROE) of 41.8% shows how effectively the company generates profits from shareholders' equity.
• Dividends: The dividend yield is 3.39%, with an ex-dividend date of May 22, 2026, and 75% of earnings are paid out as dividends.
• Risk: A beta of 0.42 suggests the stock is less volatile than the broader market.
• Revenue: Trailing 12-month revenue is 17.33B CNY, with a year-over-year growth of 108.2%.
• Debt: The debt-to-equity ratio is 17.6%, indicating a conservative capital structure.

What to watch

• Sector trends: As an Industrials stock, Ningbo Deye Technology is exposed to global economic cycles, industrial demand, and supply chain dynamics. Changes in manufacturing activity, infrastructure spending, and trade policies can influence its performance.
• Company-specific factors: As a company involved in solar inverters and energy storage, it is sensitive to developments in renewable energy adoption, government incentives, and technological advancements in the sector.
• Market conditions: The stock's performance may be influenced by broader market sentiment, interest rates, and investor risk appetite, particularly given its lower beta and defensive characteristics.
• Peer comparison: Comparing with peers like China CSSC Holdings (600150) or Jiangsu Hengli Hydraulic (601100) can provide context on industry performance.