Beijing CREAT

What Beijing CREAT does

Beijing CREAT is a publicly listed Chinese power distribution equipment manufacturer and smart energy solutions provider, founded in 1988 at the China Electric Power Research Institute and headquartered in Zhongguancun, Beijing (Shenzhen Stock Exchange: 002350). The company designs and manufactures a comprehensive portfolio spanning primary power equipment (distribution transformers, medium- and high-voltage switchgear, modular substations, cable accessories, ring main units) and secondary/automation equipment (distribution automation terminals, feeder terminals, reactive power compensation/SVG systems), plus an expanding new energy stack (string-type and centralized energy storage PCS, energy storage integrated cabinets, household storage, modular new energy step-up substations) and the CR8000 integrated energy management platform built on a cloud-pipe-edge-end architecture using Huawei edge processors.

The company serves China's two state-owned grid operators (State Grid 国家电网 and Southern Power Grid 南方电网), the five major power generation groups, and industrial customers across aviation (AVIC), shipbuilding (CSIC), data centers, petrochemicals, metallurgy, and rail transit. Revenue is generated predominantly through B2B project-based competitive bidding for hardware sales, supplemented by new energy project investment/EPC services and a smaller recurring component from smart energy management services. Operations span 12-17 first-level subsidiaries, three production bases (Beijing Huairou, Zhengzhou Airport Industrial Park, Wuhan), and a nationwide direct sales network covering all Chinese provinces, with recent overseas entry into Europe via energy storage partnerships.

The business operates a dual-driver model combining traditional power equipment manufacturing with smart energy services and new energy investment. Notable proprietary technologies include network-based protection (rated internationally leading), self-networking fault location (national 863 Plan), modular new energy substations (400+ units deployed domestically, first domestic invention patent holder), and a jointly developed string-type storage PCS with Huawei featuring 99%+ conversion efficiency and 99.9% availability.

Name

Beijing CREAT

Legal name

北京科锐集团股份有限公司

Website

https://creat-da.com.cn

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Beijing CREAT is a publicly listed Chinese power distribution equipment manufacturer and smart energy solutions provider serving State Grid, Southern Power Grid, the five major power generation groups, and industrial customers with transformers, switchgear, distribution automation, and energy storage products.

Ownership category

akta.pro rank

Product category

Electrical Equipment Manufacturing

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311), Switchgear and Switchboard Apparatus Manufacturing (335313), Electric Power Transmission, Control, and Distribution (22112)

SIC

Power, Distribution & Specialty Transformers (3612), Switchgear & Switchboard Apparatus (3613)

akta.pro primary industry

Transformers (Power, Distribution, Instrument, Specialty) (IMAGAAAA)

Keywords

• Power distribution equipment
• Transformer manufacturing
• Switchgear production
• Energy storage systems
• New energy solutions

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Power Distribution Equipment Manufacturing and Sales: Revenue from manufacturing and selling power distribution equipment including transformers, switchgear, automation terminals, cable accessories, and reactive power compensation products. Products sold directly to power grid companies (State Grid, Southern Power Grid) and industrial users through bidding. One-time hardware sales model with project-based procurement cycles.
2. New Energy Project Investment and EPC Services: Revenue from new energy investment, EPC (Engineering, Procurement, Construction) contracting, equipment supply, asset trading, and smart operation & maintenance of new energy power plants. Company invests in and develops new energy projects, and provides full-cycle project services from design to commissioning.
3. Smart Energy Management and Energy Services: Revenue from cloud-based smart energy management platform (科锐慧云平台) and energy services combining cloud computing, big data, IoT, and smart energy technologies. Provides monitoring, alarm management, equipment management, and power operation & maintenance services for distributed energy resources.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Beijing CREAT manufactures and sells power distribution equipment, including transformers, switchgear, distribution automation systems, and cable accessories, serving power grid operators and industrial customers. The company also provides new energy equipment and energy storage system solutions as part of its diversified power industry portfolio. It operates through 12 subsidiaries across China to deliver products and services to State Grid, Southern Power Grid, and the Five Major Power Groups.

Product overview

北京科锐集团股份有限公司是一家专注于配电设备研发制造和新能源技术服务的综合性企业。公司产品涵盖电力一次设备和电力二次设备两大领域。电力一次设备包括：各类变压器（油浸式电力变压器、环氧树脂干式变压器、非晶合金电力变压器、风电/光伏华式箱变系列）、各类开关设备（真空断路器、环网柜、气体绝缘开关设备、移动变电站、模块化变电站）、成套配电设备（JP配电变压器综合配电柜、低压电缆分支箱）、电缆附件等。电力二次设备/自动化产品包括：配网自动化终端（RDCU系列三遥馈线终端、集中式/分散式站所终端）、无功补偿装置（SVG静止同步无功补偿装置、SVC动态无功补偿装置）。新能源产品包括：储能变流升压一体机、华式箱变、集中式储能PCS、新能源变压器、模块化新能源升压变电站、户外储能柜、储能电池集装箱、堆叠式家储产品。能源管理系统包括：CR8000综合能源管控系统、新能源场站稳定协调控制装置、分布式综合能源系统。解决方案涵盖：配网自动化解决方案、新能源投资与EPC、综合能源服务（用户侧储能、新能源场站储能、区域综合能源、共享储能、独立储能电站、清洁能源解决方案、氢能应用等）。公司采用双轮驱动战略，以电力设备制造业和智慧能源服务业为核心，为电网、新能源和工商业用户提供配电与新能源全面解决方案。

Differentiator

Problem solved

Functional benefit

Products and services

• Transformers Power distribution transformers manufactured by Beijing CREAT for use in power grid networks and industrial applications. Sold to power grid operators and industrial customers.
• Switchgear Electrical switchgear equipment for power distribution networks, including medium and high-voltage switchgear. Sold to power grid operators and industrial customers.
• Distribution Automation Systems Automated systems for power distribution network monitoring, control, and management. Sold to power grid operators for grid modernization projects.
• Cable Accessories Cable accessories and power connection systems for power transmission and distribution applications. Sold to power grid operators and industrial customers.
• Energy Storage Systems Energy storage system solutions for grid-side and new energy applications. Sold to power grid operators and new energy project developers.
• New Energy Equipment New energy equipment and solutions for renewable energy generation and integration projects. Sold to power generation groups and new energy project developers.

Quantifiable outcome

• Modular substations reduce installation cycle by ≥50% compared to conventional construction
• +6 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Eight partnerships are on record, tiered core, minor, major and supporting.

• 华为中国数字能源 (Huawei Digital Energy China)coreStrategic or Co-development Partner · 22 May 2026Joint participation in the 2026 Energy Storage High-Quality Development Summit with Huawei China Digital Energy and HySys (海博思创). Beijing CREAT serves as an important equipment participant, jointly discussing product application and ecosystem co-building. The 220kV Bohan Star Energy Storage Power Station project, which won recognition at the summit, was built using CREAT's standardized storage power conversion boost integrated machine jointly developed with Huawei and HySys.
• 海博思创 (HySys)coreStrategic or Co-development Partner · 22 May 2026Joint participation with CREAT and Huawei Digital Energy in the 2026 Energy Storage High-Quality Development Summit. Co-development of standardized energy storage power conversion boost products applied in the 220kV Bohan Star Energy Storage Power Station, enabling fast construction and efficient, safe, and stable operation of the project.
• 华为 (Huawei)coreStrategic or Co-development Partner · 1 April 2026Strategic co-development partnership with Huawei's Digital Energy division for new energy storage products. Jointly developed and launched the new-generation string-type storage power conversion boost integrated machine at ESIE 2026. Beijing CREAT, Huawei, and a third party collaborated on product R&D, combining CREAT's power equipment manufacturing expertise with Huawei's power electronics and digital energy technologies. Joint product launch event held at the 14th Energy Storage International Summit & Exhibition (ESIE 2026) in Beijing.
• 贵安新区配售电公司 (Guian New District Power Sale and Distribution Company)minorStrategic or Co-development Partner · 11 July 2016Beijing CREAT became a shareholder (4.5% stake) in the Guian New District power sale and distribution company, a mixed-ownership entity co-established by Guian New Area Management Committee and Guizhou Power Grid. CREAT dispatched Tang Guozheng as supervisor to directly participate in the company's daily operations. The project is a pilot of Guizhou's electricity market reform.
• 郑州航空港实验区管理委员会 (Zhengzhou Airport Economic Experimental Zone Management Committee)majorStrategic or Co-development Partner · 21 June 2016Energy internet strategic cooperation agreement signed for joint development of the Airport CREAT Industrial Park. Zhengzhou Airport Economic Experimental Zone provided land, policy support, and investment environment. CREAT invested approximately CNY 1 billion for the industrial park covering approximately 260 mu, developing micro energy networks, smart power services, and advanced equipment manufacturing.
• 华北电力大学 (North China Electric Power University)supportingStrategic or Co-development Partner · 21 June 2016Academic partnership for energy internet research. Professor Zeng Ming, Director of the Energy Internet Research Center at NCEPU and Secretary-General of the China Energy Research Association Energy Internet Special Committee, attended the Zhengzhou Airport CREAT Industrial Park groundbreaking ceremony and provided academic guidance.
• T Company (Global Overseas Energy Storage System Integrator)majorStrategic or Co-development PartnerPartnership with a globally renowned overseas energy storage system integrator for project collaboration. In a European country, CREAT secured development rights for a 99MW/198MWh energy storage project, using T Company's large-scale energy storage system products combined with CREAT's self-developed transformer products for joint project construction.
• 西门子 (Siemens)coreTechnology or IntegrationNXAirS air-insulated movable AC metal-enclosed medium-voltage switchgear is based on Siemens technology, originally launched globally by Siemens. CREAT's NXAirS series switchgear is equipped with Siemens' 3AE series vacuum circuit breakers and 3TM vacuum contactors, achieving superior distribution network load switching and protection capabilities.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• ABB: Global power and automation technology giant with a broad portfolio spanning transformers, switchgear, distribution automation, and energy storage. Competes with CREAT especially in premium switchgear and grid automation categories, including as a technology benchmark in the Chinese market.
• Siemens: Global energy technology major; CREAT's NXAirS MV switchgear product is explicitly based on Siemens technology. Siemens competes directly with CREAT's premium switchgear offerings and serves as both a technology licensor and competitor.
• CHINT Group (正泰电器): Large established Chinese low-voltage electrical equipment and components manufacturer. Overlaps with CREAT in distribution panels, switchgear, and components but operates as a broader portfolio incumbent across many electrical product categories.
• Shanghai Electric (上海电气): Major Chinese power equipment conglomerate covering generation, transmission, and distribution equipment as well as new energy/EPC. Overlaps with CREAT in distribution equipment and new energy project investment, but at a much larger diversified scale.

Direct peers

• NARI Technology (国电南瑞): Leading Chinese grid automation, protection, and smart grid technology provider, also affiliated with State Grid. Competes directly with CREAT in distribution automation terminals, feeder terminals, and grid-side energy management systems.
• Sungrow Power Supply (阳光电源): Global leader in solar inverters and a fast-growing energy storage system integrator. Increasingly competes with CREAT's BRPCS energy storage PCS and integrated storage-conversion-boost systems in utility-scale energy storage projects.
• TBEA (特变电工): China's largest transformer manufacturer and a major power transmission/distribution equipment provider. Directly competes with CREAT in distribution transformers, switchgear, and new energy/EPC services, and is the dominant scale leader in the same product categories.
• Sieyuan Electric (思源电气): Shanghai-listed manufacturer of power transmission and distribution equipment including transformers, GIS switchgear, and reactive power compensation. Highly comparable to CREAT across the same core distribution equipment product lines and grid-utility customer base.
• XJ Group (许继电气): State Grid-affiliated manufacturer of power transmission equipment, smart distribution automation terminals, and protection systems. Direct peer in distribution automation and protection relays, serving the same State Grid procurement channel as CREAT.
• Pinggao Electric (平高电气): Specialist in high-voltage switchgear, GIS, and substation equipment for utility customers. Direct peer in switchgear manufacturing and substation solutions, serving the same State Grid/Southern Grid customer base with comparable product categories.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/creative-distribution-automation-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Beijing CREAT