Pine Energy Technology Sees 4.86% Drop in Share Price, Market Cap at 10.187 Billion Yuan

PaiNeng Technology closed down by 4.86%, with a rolling price-to-earnings ratio of 248.35 times and a total market capitalization of 10.187 billion yuan as of March 21, 2025.

On this date, the stock price of PaiNeng Technology was 41.52 yuan, reflecting a decrease of 4.86%. The rolling P/E ratio, which is the ratio of the current stock price to the total earnings per share over the past four quarters, stood at 248.35. The average P/E ratio in the battery industry is 29.25 times, with a median of 38.23 times, placing PaiNeng Technology at 72nd in the industry ranking.

As of September 30, 2024, PaiNeng Technology had 23,237 shareholders, an increase of 551 from the previous count. The average market value of shares held per shareholder was 352,800 yuan, with an average of 27,600 shares owned.

Shanghai PaiNeng Energy Technology Co., Ltd. is primarily engaged in the research, development, production, and sales of lithium iron phosphate battery cells, modules, and energy storage battery systems. The company’s main products include energy storage battery systems and battery cells. PaiNeng Technology has earned several prestigious certifications and awards both domestically and internationally due to its high-quality products and strong reputation. Notable accolades include the “Best Energy Storage Battery Supplier Award” and “Best Home Energy Storage Supplier Award” from the 2023 China International Energy Storage Conference, among others.

According to the latest performance report for the third quarter of 2024, the company reported 1.412 billion yuan in revenue, a decrease of 53.69% year-on-year, with a net profit of 37.37 million yuan, down 94.29% year-on-year. The sales gross margin was 35.61%.

In terms of market position based on P/E ratios and market capitalization, here are some comparisons: