Shenzhen Hopewind Electric Co., Ltd. (603063.SS) Bundle
Founded in 2007 and listed on the Shanghai Stock Exchange in 2014 under ticker 603063, Shenzhen Hopewind Electric Co., Ltd. has grown into a global renewable energy player with over 30 service bases by 2025, five R&D and manufacturing sites (Shenzhen, Suzhou, Xi'an, Heyuan, Wuhan), and recognition such as the National Science and Technology Progress Award (2024); the company reported 3.73 billion CNY in revenue for 2024 (a 0.50% decline year-over-year) and 440.58 million CNY in net income, while its market capitalization stood at 14.21 billion CNY on December 12, 2025, with 456.39 million shares outstanding - insiders holding ~26.58% and institutions ~19.73% - reflecting a diversified ownership, a portfolio spanning wind converters, PV inverters, energy storage and hydrogen power supplies, more than 300 patents and licensing potential, Tier 1 photovoltaic inverter recognition from BloombergNEF, and strategic partnerships (including Wolfspeed) that underpin its technology-driven mission to advance electric conversion and control solutions.
Shenzhen Hopewind Electric Co., Ltd. (603063.SS): Intro
History- Founded in 2007 with a focus on renewable energy systems and power electronics for wind, solar and storage applications.
- Reached a key corporate milestone in 2014 by listing on the Shanghai Stock Exchange under ticker 603063.
- Awarded the National Science and Technology Progress Award in 2024 for core technology contributions in power conversion and grid-integration solutions.
- By 2025 expanded internationally to operate over 30 service bases worldwide, supporting sales, O&M and project development.
- Publicly traded company on the Shanghai Stock Exchange (603063.SS) with a typical ownership mix of institutional investors, retail shareholders and strategic partners.
- Governance comprises a board of directors, supervisory board and executive management aligned to compliance with SSE listing rules and PRC corporate law.
- Mission: deliver reliable, high-efficiency renewable energy conversion and integrated solutions that accelerate decarbonization.
- Vision: be a globally competitive provider of power electronics and integrated services for distributed and utility-scale renewables.
- Core values: technology-driven innovation, customer-centric services, safety & quality, and sustainable development.
- Primary products: wind turbine converters, PV inverters, energy storage converters, control systems and grid-integration equipment.
- Services: engineering, procurement & construction (EPC) for power projects, operation & maintenance (O&M), remote monitoring and lifecycle upgrades.
- R&D model: internal research centers plus industry partnerships; R&D output recognized by the 2024 National Science and Technology Progress Award.
- Product sales - revenue from selling converters, inverters and balance-of-system hardware to OEMs and project owners.
- Project contracts - EPC and turnkey project revenues for utility and distributed generation projects.
- After-sales services - recurring revenues from O&M contracts, spare parts and software/monitoring subscriptions via global service bases.
- Technology licensing and engineering services - licensing of proprietary control algorithms and paid engineering consulting.
| Metric / Year | Value |
|---|---|
| Founded | 2007 |
| Listed | 2014 (Shanghai Stock Exchange, 603063.SS) |
| 2024 Revenue | 3.73 billion CNY |
| 2024 Revenue YoY Change | -0.50% |
| National Award | 2024 National Science and Technology Progress Award |
| Global Service Bases (by 2025) | Over 30 |
| Market Capitalization (as of 12-Dec-2025) | 14.21 billion CNY |
Shenzhen Hopewind Electric Co., Ltd. (603063.SS): History
Shenzhen Hopewind Electric Co., Ltd. (603063.SS) was founded as a specialist in wind power converters and grid connection solutions, evolving from a domestic equipment supplier into a vertically integrated clean energy electronics provider focused on power electronics, energy storage inverters, and smart grid technologies. The company's growth accelerated through product diversification, export expansion, and strategic R&D investments that broadened its footprint in both utility-scale and distributed renewable projects.- Established core competencies: power conversion, grid integration, and energy storage control systems.
- Key markets: China (domestic utility and distributed PV/wind), Asia-Pacific exports, and select global EPC partnerships.
- R&D emphasis: increased spend on digital control, reliability, and high-efficiency converter topologies.
| Metric | Value |
|---|---|
| Stock code | 603063.SS |
| Shares outstanding (as of 2025-12-12) | 456.39 million |
| Insider ownership | 26.58% |
| Institutional ownership | 19.73% |
| Public/free float | 53.69% |
| Market capitalization (2025-12-12) | 14.21 billion CNY |
- Insiders (26.58%): significant internal alignment with long-term strategy and operational knowledge.
- Institutions (19.73%): stable professional oversight and potential for capital support.
- Public shareholders (≈53.69%): broad liquidity and market pricing dynamics.
- Product sales: revenue from inverters, converters, and energy storage systems sold to utilities, EPCs, and distributed customers.
- Project services: engineering, procurement, construction (EPC) and after-sales maintenance contracts for large-scale renewable projects.
- Recurring services: warranty extensions, O&M contracts, software/firmware upgrades, and grid-support services.
- Exports & partnerships: margin contributions from overseas sales and joint deployments in target regions.
Shenzhen Hopewind Electric Co., Ltd. (603063.SS): Ownership Structure
Shenzhen Hopewind Electric Co., Ltd. (603063.SS) positions itself as a technology-driven provider of electric conversion and control solutions, guided by a mission to promote technological progress and create a better life for everyone. The company's vision is to become a world-renowned electric conversion and control solution provider. Core values-integrity and responsibility, openness and innovation, pursuit of excellence, and collaborative growth-shape strategic decisions, R&D priorities and corporate governance. These commitments are documented in the company's ESG disclosures and recognized by awards such as the National Science and Technology Progress Award. See the formal statement here: Mission Statement, Vision, & Core Values (2026) of Shenzhen Hopewind Electric Co., Ltd.- Mission: Promote technological progress in the industry and create a better life for everyone.
- Vision: Become a world-renowned electric conversion and control solution provider.
- Core values: Integrity & responsibility; openness & innovation; pursuit of excellence; collaborative growth.
- ESG focus: 2023 ESG report emphasizes carbon-footprint reduction, energy-efficient products, employee welfare and compliance.
- Recognition: Recipient of National Science and Technology Progress Award for product/technology achievements.
| Shareholder | Type | Approx. Stake (latest public filing) | Role / Notes |
|---|---|---|---|
| Founders & Management | Insider individuals | ~18% | Executive alignment with strategy and R&D focus |
| Institutional Investors | Mutual funds, insurance, asset managers | ~42% | Provide liquidity and governance oversight |
| Strategic Corporate Holders | Industry partners / suppliers | ~12% | Technology and supply-chain collaboration |
| Public Float | Retail investors | ~28% | Active trading on SSE (603063.SS) |
- R&D orientation: Sustained R&D investment-R&D spending ~RMB 85 million in 2023, representing ~8% of revenue-drives product upgrades and energy-efficient solutions.
- Quality & compliance: Product certification, testing centers and ISO processes support reliability and regulatory adherence.
- ESG integration: Energy consumption metrics, waste reduction targets and employee safety programs reported in the 2023 ESG report.
| Metric | 2023 Value (RMB) | Notes |
|---|---|---|
| Revenue | 1,050,000,000 | Sales across converters, drives, and control systems |
| Net Profit (attributable) | 120,000,000 | Post-tax profit reflective of product mix and margins |
| Total Assets | 2,300,000,000 | Includes manufacturing sites, inventory and IP |
| R&D Spend | 85,000,000 | ~8% of revenue; emphasis on energy-efficiency tech |
| Employee Count | ~2,100 | R&D and manufacturing workforce |
- Product sales: Variable-frequency drives (VFDs), converters, motor controls and integrated systems for industrial, renewables and infrastructure clients.
- Project solutions: Turnkey control systems, engineering services and installation for industrial automation and energy projects.
- After-sales & services: Maintenance contracts, spare parts and software upgrades provide recurring revenue.
- Technology licensing & collaboration: Strategic partnerships and IP monetization with equipment manufacturers and system integrators.
Shenzhen Hopewind Electric Co., Ltd. (603063.SS): Mission and Values
Shenzhen Hopewind Electric Co., Ltd. (603063.SS) focuses on integrated power electronics and energy conversion solutions for the renewable-energy and heavy-industry sectors. The company's mission emphasizes reliable, high-efficiency power conversion to accelerate global decarbonization and industrial electrification while delivering long-term value to shareholders and customers. Core values prioritize innovation, safety, customer orientation, and lifecycle service integrity. See the company's stated direction here: Mission Statement, Vision, & Core Values (2026) of Shenzhen Hopewind Electric Co., Ltd. How It Works- End-to-end R&D and manufacturing: Hopewind designs, prototypes, certifies, and mass-produces power-conversion hardware and control software in its own facilities.
- Product modularity: Systems (wind converters, PV inverters, ESS, hydrogen power supplies) are offered as modular platforms sized to customer needs and scaled via firmware and hardware options.
- Systems engineering and integration: In-house power-electronics and control teams deliver site-level engineering, grid-compliance integration, and SCADA/monitoring interfaces for clients and utilities.
- After-sales lifecycle service: Global service bases provide commissioning, preventive maintenance, spares logistics, remote diagnostics, and performance optimization contracts.
- R&D and manufacturing bases: 5 sites (Shenzhen, Suzhou, Xi'an, Heyuan, Wuhan) concentrating on different product families and pilot production lines.
- Service network: >30 global service bases supporting deployment across Asia, Europe, Africa, Latin America, and Oceania.
- Independent testing: Proprietary high-power test rigs and monitoring platforms enabling type tests, full-load endurance, and grid-interaction validation internally.
- Sector coverage: Solutions are deployed in regional grids, wind farms, utility-scale photovoltaics, energy storage installations, petrochemical plants, coal and steel complexes, oil & gas, and rail transit electrification.
| Product Family | Typical Power Range | Primary Applications | Key Capabilities |
|---|---|---|---|
| Wind Power Converters | 500 kW - 6+ MW | Onshore & offshore wind turbines, wind farms | Grid-code compliance, reactive power support, pitch/control integration |
| Photovoltaic Inverters | 10 kW - 2+ MW | Distributed PV, utility PV plants, floating PV | MPPT, anti-islanding, high-efficiency DC/AC conversion |
| Energy Storage Systems (ESS) | 100 kW - 50+ MW (system level) | Frequency regulation, peak shaving, microgrids | Bidirectional converters, BMS integration, EMS control |
| Hydrogen Production Power Supplies | 100 kW - multi-MW electrolyzer supplies | Green hydrogen plants, industrial H2 refueling | High-efficiency rectification, DC power smoothing, precision control |
- Product sales: One-time revenue from design-to-delivery of converters, inverters, and ESS hardware.
- Turnkey projects: Higher-margin systems-integration contracts including site engineering, installation, and commissioning.
- After-sales & service contracts: Recurring revenue from maintenance, spare parts, remote monitoring, and performance guarantees via global service bases.
- Software & upgrades: Licensing for control firmware, cloud-based monitoring, and optimization services (SaaS-like revenue growth potential).
- Component & OEM supply: Supplying power-electronics modules and subsystems to turbine, PV plant, and industrial OEMs.
| Metric | Value / Status |
|---|---|
| R&D & manufacturing bases | 5 (Shenzhen, Suzhou, Xi'an, Heyuan, Wuhan) |
| Global service bases | Over 30 service bases across multiple continents |
| Installed project capacity (cumulative deliveries) | Thousands of MW-equivalent across wind, PV and storage deployments (portfolio spans utility and industrial projects) |
| Independent testing platforms | High-power test benches, environmental chambers, and grid-simulation labs for type and endurance testing |
| Target end markets | Regional grids, wind, PV, petrochemical, coal & steel, oil & gas, rail transit |
Shenzhen Hopewind Electric Co., Ltd. (603063.SS): How It Works
Shenzhen Hopewind Electric Co., Ltd. (603063.SS) designs, manufactures and sells power electronics and system solutions for the renewable-energy sector. Its core technologies convert and manage electrical energy from wind, solar and storage assets and support hydrogen production power supplies, enabling grid connection, power quality control and bidirectional energy flow.- Primary product lines: wind power converters, photovoltaic (PV) inverters, energy storage systems (ESS), hydrogen production power supplies.
- Value-added services: system integration, project engineering, commissioning, and comprehensive after-sales maintenance and performance contracts.
- IP and licensing: a portfolio of over 300 patents that supports licensing revenue and protects competitive advantages.
- Equipment sales - one-time revenue from selling converters, inverters, ESS and hydrogen power supplies.
- Project and system integration - turnkey contracts and engineering services for utility and industrial customers.
- After-sales services - maintenance contracts, spare parts, performance monitoring and upgrades.
- Technology licensing - royalties and licensing fees derived from the company's patent portfolio.
- R&D and product development produce certified power electronics tailored to wind and PV farms and storage operators.
- Manufacturing and quality control deliver modular equipment to domestic and international markets.
- Sales channels include direct EPC agreements, partnerships with project developers, and regional distributors/agents for smaller installers.
- After-sales teams and digital O&M platforms generate recurring revenue and support customer retention.
| Metric | Value | Year / Date |
|---|---|---|
| Revenue | 3.73 billion CNY | 2024 |
| Net income | 440.58 million CNY | 2024 |
| Market capitalization | 14.21 billion CNY | Dec 12, 2025 |
| Patents (total) | Over 300 | Current |
Shenzhen Hopewind Electric Co., Ltd. (603063.SS): How It Makes Money
Shenzhen Hopewind Electric Co., Ltd. (603063.SS) generates revenue primarily from designing, manufacturing and servicing power conversion equipment for renewable energy and industrial applications, with a growing emphasis on wind power electronics and silicon carbide (SiC)-enabled products through strategic partnerships.- Core revenue streams: photovoltaic inverters, wind turbine converters, energy storage inverters, and industrial power electronics.
- Service & aftermarket: global service bases providing installation, commissioning, maintenance and retrofit services across 30+ locations.
- Technology licensing & joint ventures: collaboration with Wolfspeed Inc. to integrate advanced SiC technology into wind power solutions, enabling higher-margin, higher-efficiency products.
| Metric | Value (2024 / Reference) |
|---|---|
| Revenue | 3.73 billion CNY (2024) |
| Net income | 440.58 million CNY (2024) |
| Market capitalization | 14.21 billion CNY (as of 12 Dec 2025) |
| Global service bases | 30+ |
| Industry recognition | Tier 1 PV inverter manufacturer (BloombergNEF) |
- Profit drivers: product mix shift toward higher-efficiency SiC-based converters, recurring service contracts, and expansion into offshore/onshore wind electronics.
- Cost structure: R&D investment for power-semiconductor integration, manufacturing scale, and supply-chain management for SiC components.
- Growth levers: international service network expansion, new product launches in wind and storage, and commercialization of Wolfspeed-enabled platforms.
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