Comprehensive Analysis of the Strong Performance of Shenghui Technology (300423)

Shenghui Technology (300423) recently entered the strong stock pool, and its rising trend is mainly driven by the

. According to a report from Caixin Securities [1], the energy storage concept sector moved upward on December 11, 2025. A research report from CICC pointed out that the capacity electricity price policy will trigger a short-term rush to install energy storage, and the theoretical installed capacity space for independent energy storage from 2026 to 2027 is about 158GW/634GWh, with high certainty of medium- to long-term demand growth. Technically, the stock rose by 20.00% in a single day (hitting the daily limit), with a 5-day increase of 32.05%. Today’s highest price of $10.26 hit a 52-week high [0]; the trading volume reached 116.65M, far higher than the average volume of 24.08M, indicating a significant increase in investor attention [0].

1. Sector Linkage and Concept Premium
   : The overall rise of the energy storage concept sector drove Shenghui Technology’s strength, reflecting the market’s concentrated response to favorable energy storage policies. However, it should be noted that the company’s new energy business accounts for only 10.02% [2], and its main business is still high and low voltage complete sets of equipment (75.48%) [2], so there is a gap between concept relevance and performance support.
2. Technical Signals and Capital Sentiment
   : It rose for three consecutive trading days and hit the daily limit, with a significant increase in trading volume, indicating active participation of short-term funds; after entering the strong stock pool, it may attract more market attention, but it is necessary to be alert to short-term fluctuation risks brought by the increase in trading volume.
3. Deviation Between Valuation and Fundamentals
   : Despite the strong rise in stock price, the company’s latest TTM EPS is -$0.26, and the net profit margin is -9.64% [0], which is in a loss state; the P/B ratio of 3.27x is at a relatively high level in the same industry [0], so the current rise lacks solid fundamental support and may be a short-term concept speculation.

• Risk Points
  :

1. Fundamental Risk: The company is in a loss state, with a low proportion of new energy business, so concept speculation lacks performance support [0][2].
2. Valuation Risk: The P/B ratio is relatively high, and the risk of valuation bubble is increasing [0].
3. Sentiment and Policy Risk: If the policy or market sentiment of the energy storage sector changes, the stock price may correct quickly [1].

• Opportunity Points
  :

1. Industry Demand Growth: The capacity electricity price policy promotes the medium- to long-term demand growth of the energy storage industry. If the proportion of the company’s new energy business increases, it may obtain performance support [1].
2. Short-term Attention Opportunity: The strong technical performance may attract the attention of short-term funds, but cautious operation is required [0].

Shenghui Technology (300423) entered the strong stock pool mainly driven by the energy storage concept sector, with strong technical performance, but there are hidden concerns in fundamentals. The current market may be a short-term concept speculation, so it is necessary to pay attention to the development of the company’s new energy business, the implementation of energy storage policies and changes in market sentiment. Investors should combine their own risk preferences and make cautious decisions based on comprehensive information.