Henan Senyuan Electric

What Henan Senyuan Electric does

Henan Senyuan Electric is a Chinese manufacturer of power transmission and distribution equipment, founded in 1992 and listed on the Shenzhen Stock Exchange under ticker szse:002358. The company produces a comprehensive portfolio spanning the electricity value chain, including high-voltage switchgear, medium-voltage switchgear, transformers, prefabricated substations, current/voltage transformers, microcomputer protection devices, power quality management equipment, EV charging systems, photovoltaic power generation equipment, electrified railway traction switchgear, and component-level products such as insulation components, solid-filled poles, and formed copper contacts. It also offers engineering, procurement, and construction (EPC) services for electrical infrastructure projects, providing integrated solutions from design through implementation.

The company's technological differentiation rests on a dedicated Smart Grid and Nuclear Power Equipment Research Institute located at Tsinghua University, National Enterprise Technology Center designation, KEMA international test certification, and IEC expert representation on national industry standards committees. Manufacturing is supported by intelligent systems including robotic flexible manufacturing integration, MES-integrated production execution, AGV-based logistics automation, and large-scale automated warehousing. The company operates 5,001-10,000 employees across its operations and maintains two wholly-owned subsidiaries: Zhengzhou Senyuan New Energy Technology Co., Ltd. (focused on new energy) and Henan Huashenglongyuan Electric Co., Ltd. (electric equipment).

Revenue is generated primarily through hardware sales and EPC services targeting Chinese state-owned power grid operators, utility companies, nuclear and hydroelectric power projects, and new energy and railway infrastructure developers. The go-to-market motion combines direct enterprise field sales with dedicated sales hotlines (0374-6818666, 0374-6108396), an extensive domestic marketing network, public tendering participation for state grid projects, and international cooperation partnerships. Recent contract wins of nearly 200 million yuan in state grid projects and engagement with Samsung E&A of South Korea indicate continued momentum in core domestic procurement and early international expansion.

Name

Henan Senyuan Electric

Legal name

河南森源电气股份有限公司

Website

https://hnsyec.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Henan Senyuan Electric is a Chinese manufacturer of power transmission and distribution equipment, including switchgear, transformers, substations, EV charging systems, and photovoltaic equipment. The company serves state-owned grid operators, utilities, and infrastructure developers through direct sales and EPC services.

Ownership category

akta.pro rank

Product category

Power Transmission and Distribution Equipment

NAICS

Power, Distribution, and Specialty Transformer Manufacturing (335311), Electrical Equipment Manufacturing (33531), Relay and Industrial Control Manufacturing (335314)

SIC

Power, Distribution & Specialty Transformers (3612), Switchgear & Switchboard Apparatus (3613), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE)

akta.pro secondary industries

Distribution Substations & Switching Stations (MV) EPC (EUAEACAC), Grid Interconnection & Collector Substation EPC (Utility-Scale Renewables) (EUAEABAK), Charging Infrastructure Components (connectors, cables, dispensers, payment/controls) (IMAGAHAH)

Keywords

• Power distribution equipment
• High voltage switchgear
• Electrical transformers
• Prefabricated substations
• Photovoltaic power systems

Headquarters

HQ city

Changge

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Power Grid Equipment Manufacturing and Sales: Henan Senyuan Electric generates revenue primarily through the manufacture and sale of electrical power equipment including high-voltage switchgear, medium-voltage switchgear, transformers, pre-assembled substations, charging equipment, power quality management devices, microcomputer protection devices, and photovoltaic power generation systems. This is a hardware product sales model generating recurring revenue from utility companies, power grid operators, and infrastructure developers.
2. Engineering General Contracting (EPC): The company offers engineering general contracting services for electrical infrastructure projects, providing integrated solutions from design through implementation. This represents a project-based professional services revenue stream.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Henan Senyuan Electric manufactures and sells electrical power transmission and distribution equipment, including high- and medium-voltage switchgear, transformers, prefabricated substations and switch stations, electric railway traction switchgear, current/voltage transformers, microcomputer protection devices and systems, medium/low-voltage power quality control equipment, charging equipment, photovoltaic power generation system equipment, intelligent independent power supply systems, insulation components, solid-filled poles, formed copper contacts and busbars, and engineering plastic parts. The company also provides EPC services for power infrastructure projects delivered to grid operators, power generation companies, and railway customers.

Product overview

Henan Senyuan Electric (河南森源电气股份有限公司) is an electric power equipment manufacturer offering a comprehensive portfolio of power transmission and distribution equipment. The product lineup includes high voltage and medium voltage switchgear, prefabricated substations, transformers, current/voltage transformers, power quality control equipment, microcomputer protection systems, EV charging equipment, and photovoltaic power generation systems. The company also provides EPC (Engineering Procurement Construction) engineering services and operates subsidiaries specializing in new energy technology. The portfolio is complemented by component-level products including insulation components, solid-filled poles, formed copper contacts, busbars, and engineering plastic parts.

Differentiator

Problem solved

Functional benefit

Products and services

• High voltage switchgear complete equipment (高压开关成套设备) Complete sets of high-voltage switchgear equipment used in transmission networks by power utilities and grid operators.
• Medium voltage switchgear complete equipment (中压开关成套设备) Complete sets of medium-voltage switchgear for distribution networks used by grid operators and industrial power users.
• Prefabricated substations and switch stations (预装式变电站、开关站) Factory-assembled prefabricated substations and switch stations for rapid deployment in transmission and distribution networks.
• Electric railway traction specialized switchgear (电气化铁路牵引专用成套设备) Specialized switchgear equipment designed for electric railway traction power supply systems.
• Transformers (变压器) Power transformers used in transmission, distribution, and industrial power systems.
• Current and voltage transformers / Instrument transformers (互感器) Current and voltage instrument transformers for metering and protection in power systems.
• Charging equipment (充电设备) Charging equipment for electric vehicles and related applications.
• Photovoltaic power generation system equipment (光伏发电系统设备) Equipment for photovoltaic (solar) power generation systems used by new-energy developers.
• Medium and low voltage power quality control equipment (中低压电能质量治理设备) Power quality control equipment for medium- and low-voltage systems to improve power quality in industrial and grid applications.
• Microcomputer protection devices and systems (微机保护装置及成套系统) Microcomputer-based protection devices and complete protection systems for power system safety and reliability.
• Low voltage switch components and complete equipment (低压开关元件及成套设备) Low voltage switch components and complete low voltage switch equipment for distribution and industrial use.
• Medium voltage switch components (中压开关元件) Components used in medium voltage switching equipment.
• Insulation components (绝缘元件) Insulation components used in the assembly of electrical switchgear and related equipment.
• Solid-filled poles (固体绝缘极柱) Solid-insulation poles used as components in medium voltage switchgear assemblies.
• Formed copper contacts and copper busbars (成形铜触头及铜母线) Formed copper electrical contacts and copper busbars used as conducting components in switchgear assemblies.
• Intelligent independent power supply system (智能化独立电源系统) Intelligent independent power supply systems used in substations and industrial power installations.
• Engineering plastic parts (工程塑料制品) Engineering plastic parts used as components in electrical equipment manufacturing.
• EPC services for power infrastructure projects (电力工程总承包服务) Engineering, procurement, and construction (EPC) services delivered to power grid, power generation, and railway customers for power infrastructure projects.

Quantifiable outcome

• Contract wins worth nearly 200 million yuan in state power grid projects (June 2026)
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Samsung E&A (SAMSUNG E&A)coreStrategic or Co-development PartnerKorean engineering company Samsung E&A sent an expert delegation to Henan Senyuan Electric for technical exchange and cooperation discussions, indicating potential strategic collaboration in electrical equipment and engineering projects. The visit was titled 'Deepening Cooperation, Hand in Hand for Win-Win Results' (深化合作·携手共赢), suggesting a mutual strategic interest in international market expansion and technical collaboration.
• Zhengzhou Senyuan New Energy Technology Co., Ltd. (郑州森源新能源科技有限公司)minorOthersA subsidiary of Henan Senyuan Electric focused on new energy technology, operating as an integrated part of the group structure.

Scale indicators3 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• XD Group: Major Chinese state-owned power transmission and distribution equipment manufacturer with extensive switchgear, transformer, and HVDC offerings serving the same utility customers.
• NARI Technology (NR Electric): Chinese power system protection, automation, and relay manufacturer; overlaps with Senyuan's microcomputer protection devices and smart grid equipment.
• Pinggao Electric: Chinese HV switchgear specialist listed on SSE, directly comparable in HV GIS, transformers, and substation equipment for State Grid projects.
• TBEA: Largest Chinese transformer and power equipment manufacturer; competes head-to-head in HV transformers, switchgear, and EPC for state grid and renewable integration projects.
• Sieyuan Electric: Shanghai-listed Chinese manufacturer of HV/MV switchgear, transformers, and power distribution equipment with overlapping State Grid customer base and similar full-value-chain product strategy.

Broad incumbents

• Siemens Energy: Global power transmission equipment provider including HV switchgear, transformers, and grid technologies; relevant international competitor for Senyuan's grid-customer expansion ambitions.
• CHINT Group: Large Chinese low-voltage and electrical equipment conglomerate with broader product breadth and distribution; competes in MV/LV switchgear and components.
• Hitachi Energy (formerly ABB Grid): Global incumbent in transformers, switchgear, and grid integration solutions; competes internationally and increasingly in China's HV/substation segments.
• Schneider Electric: Global electrical equipment and power distribution major with MV/LV switchgear and grid solutions; competes in China's distribution and industrial segments.

Regional players

• Hyundai Electric & Energy Systems: Korean power equipment manufacturer of transformers, switchgear, and rotating machines; comparable product portfolio and partner of Samsung E&A's ecosystem in international markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/henan-senyuan-electric-group-co.-ltd.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Henan Senyuan Electric