Qingdao Terad Electric

What Qingdao Terad Electric does

Qingdao TGOOD Electric Co., Ltd. (青岛特锐德电气股份有限公司, ticker SZSE: 300001) is a Chinese designer and manufacturer of outdoor box-type power equipment and integrated power system solutions. Founded in 2004 in Qingdao, Shandong Province, the company became the first-ever listing on the Shenzhen Stock Exchange's ChiNext (Growth Enterprise Market) board in 2009. TGOOD operates across four application segments — power supply side (renewable generation), grid side (transmission and distribution), load side (industrial, rail transit, data centers, airports, mining, petrochemical), and energy storage side — through a "two wings" strategy combining Smart Manufacturing and EPCO (Engineering, Procurement, Construction, Operation) integrated services.

The core product portfolio spans five equipment categories: box-type power equipment, pre-fabricated cabin substations, switchgear series, combined electrical equipment series, and transformer series, covering voltage levels from 33kV to 220kV. Differentiated offerings include offshore wind substations, vehicle-mounted and skid-mounted mobile substations, urban rail transit intelligent substations, and integrated energy storage PCS (power conversion system) boost cabinets. The company holds a national "Manufacturing Single-Champion Enterprise" designation from China's Ministry of Industry and Information Technology for its leadership in outdoor box-type power equipment.

TGOOD generates revenue through two primary streams: (1) hardware sales of smart-manufactured power equipment, and (2) EPCO professional services delivering turnkey substation construction and operation. The company employs a direct sales-led go-to-market motion targeting state-owned utilities, grid operators, and large industrial customers. As of 2025, TGOOD reported annual revenue of approximately RMB 15.79 billion (~$2.2B USD), total assets of RMB 25.74 billion, a workforce exceeding 10,000, a customer base of 6,300+, and business presence in 60+ countries. Named customers include the "Five Major and Six Minor" power generation groups (五大六小发电集团), State Grid and Southern Grid (国家电网/南方电网), Datang (大唐), Huaneng (华能), China Resources (华润), and Qingdao Metro.

Name

Qingdao Terad Electric

Legal name

青岛特锐德电气股份有限公司

Website

https://tgood.cn

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Qingdao TGOOD Electric is China's leading outdoor box-type power equipment integrator, designing prefabricated substations, switchgear, transformers, and EPCO-integrated power system solutions for state-owned utilities, grid operators, rail transit, and industrial customers across 60+ countries.

Ownership category

akta.pro rank

Product category

Power Distribution Equipment

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Electrical Equipment Manufacturing (33531)

SIC

Switchgear & Switchboard Apparatus (3613), Electronic Coils, Transformers & Other Inductors (3677), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Transmission & Distribution Line Equipment (Bushings, Insulators, Arresters, Conductors, Hardware) (IMAGAAAF)

akta.pro secondary industries

Circuit Breakers, Disconnectors, Earthing Switches & Switchgear Components (EUADACAH), T&D project/program management & owner’s engineering (EPCM/PMC) (EUADAKAF), Industrial Control Cabinets & Power Distribution (Panels, Switchgear for Automation) (IMAHAHAK)

Keywords

• Outdoor power equipment
• Prefabricated substations
• Box-type transformers
• Switchgear manufacturing
• EPCO integration services

Headquarters

HQ city

Qiandao

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Smart Manufacturing: Manufacturing and sale of outdoor box-type power equipment including substations, switchgear, transformers, and integrated power solutions for utility and industrial applications
2. Integration Services (EPCO): One-stop EPCO (Engineering, Procurement, Construction, Operation) services for substation construction, providing integrated solutions from design to operation

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Qingdao Terad Electric (TGOOD) designs, manufactures, and integrates outdoor box-type power equipment and provides one-stop EPCO (Engineering, Procurement, Construction, Operation) services for substation and power infrastructure projects. Its five core equipment lines are box-type power equipment, pre-fabricated cabin products, switchgear series, combined electrical equipment series, and transformer series, serving source-side, grid-side, load-side, and energy storage-side applications from 33kV to 220kV.

Product overview

Qingdao TGOOD Electric is a leading integrated provider of outdoor box-type power equipment in China, listed on the ChiNext board (stock code: 300001). The company operates under a 'two wings' strategy combining Smart Manufacturing and Integrated Services (EPCO model). The core product portfolio includes five main equipment categories: box-type power equipment, pre-fabricated cabin products, switchgear series, combined electrical equipment series, and transformer series. These products serve four key application scenarios: power supply side (renewable energy generation), grid side (power transmission and distribution), load side (industrial, rail, urban transit, data centers, oil & gas, mining), and energy storage side (battery energy storage systems). The company positions itself as a '制造业单项冠军企业' (manufacturing single champion enterprise) designated by China's Ministry of Industry and Information Technology, with solutions spanning from 33kV to 220kV voltage levels.

Differentiator

Problem solved

Functional benefit

Products and services

• Box-type Power Equipment (箱式电力设备) Core outdoor box-type power equipment for electricity transmission and distribution, serving as the company's flagship product category.
• Pre-fabricated Cabin Products (预制舱产品) Pre-fabricated cabin-type substations and electrical rooms designed for rapid deployment in power infrastructure projects.
• Switchgear Series (开关柜系列) Switchgear equipment series for medium and high voltage power distribution and control.
• Combined Electrical Equipment Series (组合电器系列) Integrated electrical equipment combining multiple power distribution functions in compact configurations.
• Transformer Series (变压器系列) Power transformers including voltage converters for various applications from generation to distribution.
• Energy Storage PCS Boost Integrated Cabinet (储能变流升压一体舱) Integrated energy storage solution combining power conversion system (PCS) and voltage boost functions for new energy storage applications.
• Offshore Substation (海上升压站) Offshore wind power substation solutions designed for marine renewable energy installations.
• Pre-fabricated Cabin Substation (预制舱式变电站) Pre-fabricated substation solutions enabling rapid deployment for power grid projects.
• Vehicle-mounted Mobile Substation (车载式移动变电站) Mobile substation mounted on vehicles for emergency power supply and temporary power needs.
• Skid-mounted Mobile Substation (撬装移动式变电站) Skid-mounted mobile substation for rapid deployment and relocation in emergency or temporary power scenarios.
• Urban Rail Transit Intelligent Box-type Substation (城市轨道交通智能箱式变电站) Intelligent box-type substation solutions specifically designed for urban rail transit applications.
• Multi-station Integrated Box Transformer (多站合一箱变) Integrated solution combining multiple substation functions in a single compact box transformer unit.
• Smart Manufacturing (智能制造) Manufacturing services for advanced outdoor box-type power equipment with smart production capabilities, designated as a National Manufacturing Single-Champion Enterprise by China's MIIT.
• Integrated Services / EPCO (集成服务) One-stop EPCO (Engineering, Procurement, Construction, Operation) model for substation construction and integrated solutions covering design to operation.

Quantifiable outcome

• Serving 6,300+ customers
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• 特来电 (TELD)coreStrategic or Co-development PartnerTELD is TGOOD's affiliated company focused on EV charging infrastructure. TGOOD supports this subsidiary in the EV charging sector, which operates as a separate entity while benefiting from TGOOD's power equipment expertise.
• 川开电气 (TCK)minorStrategic or Co-development PartnerTCK (川开电气) is listed as a subsidiary/affiliated company in TGOOD's corporate ecosystem. They appear in the supplier management system and corporate links section.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Market position

Strengths5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/qingdao-tgood-electric-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qingdao Terad Electric