TGOOD(SZ:300001) 智通财经网·2026-02-26 23:11Company Overview - The company, Teruid, is a leading provider of prefabricated substations, transformers, switchgear, and electric vehicle (EV) charging equipment, involved in the research, manufacturing, sales, and operation of EV charging networks [2] - Teruid is recognized as the largest global supplier of prefabricated substations and the largest manufacturer of high-voltage prefabricated substations, with cumulative sales of 1,242 high-voltage prefabricated substations during the reporting period [2] - The company plays a significant role in China's new power system construction, possessing full-chain technology for the research, manufacturing, and operation of high-voltage prefabricated substations and EV charging [2] Electric Vehicle Charging - Teruid's smart EV charging equipment integrates efficient energy replenishment and bidirectional energy interaction, providing safe and convenient charging services through proprietary safety technologies and data management systems [3] - The company has established a global marketing and service network, with its power equipment sold in over 60 countries and regions, and is constructing an overseas headquarters for smart manufacturing of high-voltage prefabricated substations in Qingdao [3] Financial Data - For the fiscal years ending October 31, 2023, 2024, and 2025, the company reported revenues of approximately RMB 12.69 billion, RMB 15.37 billion, and RMB 11.33 billion, respectively [5] - The net profit for the same periods was approximately RMB 527 million, RMB 939 million, and RMB 835 million, with gross profit margins of 26.2%, 25.9%, and 26.8% respectively [6] Market Insights - The global market for prefabricated substations was valued at RMB 31 billion in 2020 and is projected to grow to RMB 81.5 billion by 2024, with a compound annual growth rate (CAGR) of 27.3% [7] - The market for high-voltage prefabricated substations is expected to reach RMB 5.6 billion in 2024, with a CAGR of 45.2% from 2024 to 2030 [8] - The EV charging network market in mainland China is anticipated to grow from RMB 40.4 billion in 2024 to approximately RMB 203.4 billion by 2030, with a CAGR of 30.9% [8]