SINEXCEL recognition in Forbes Asia’s 2026 Best Under A Billion list marks the power-electronics company’s second appearance after 2023. In an announcement dated October 22, 2026, the Shenzhen-listed company highlighted its inclusion alongside historical growth figures and the scale of its energy-storage and electric-vehicle charging operations.
Key Takeaways
- SINEXCEL said it was one of 28 Chinese companies included in the unranked 2026 list.
- The company reported five-year compound annual growth of 35.05% in revenue and 35.04% in attributable net profit.
- Cumulative research and development spending exceeded US$176 million from 2019 through 2025.
Table of Contents
- SINEXCEL recognition relates to the August 2026 list
- Historical growth and research spending
- Operating footprint spans storage and charging
- Conclusion
SINEXCEL recognition relates to the August 2026 list
SINEXCEL’s announcement of its second list appearance identifies the recognition as part of the August 2026 edition of Forbes Asia. The October announcement therefore concerns an earlier publication, rather than a newly released ranking.
The unranked list includes 200 publicly listed companies selected from more than 19,000 Asia-Pacific companies with annual revenue between US$10 million and US$1 billion. Inclusion does not assign SINEXCEL a numerical position among those companies.
| Item | Details |
|---|---|
| Energy storage | 17 GW of installed capacity reported |
| DC EV chargers | More than 200,000 deployed |
| Active Harmonic Filters | Nearly 20 million amperes delivered |
| Data-center power quality | More than 700 projects worldwide |
Historical growth and research spending
SINEXCEL reported five-year compound annual revenue growth of 35.05% and growth of 35.04% in net profit attributable to shareholders of the parent company. It also said return on equity and return on invested capital both exceeded 20%.
The announcement did not specify the start and end years for those growth rates or the reporting period for the return measures. They should therefore be distinguished from a current quarterly earnings result or management forecast.
For the explicitly identified period from 2019 through 2025, cumulative research and development spending exceeded US$176 million, also stated as €157 million. Technical professionals represented nearly 30% of its workforce of more than 2,600 employees in 2025.
Operating footprint spans storage and charging
Founded in 2007, SINEXCEL supplies energy-storage, EV-charging, power-quality and critical-power solutions for AI data centers. Its reported operating footprint covers both installed equipment and completed power-quality projects.
The deployment figures below describe cumulative scale, not sales or installations completed during a single financial year. The announcement did not provide a separate measurement date for each total.
Conclusion
The announcement combines a repeat list appearance with historical growth and deployment figures. It contains no new earnings guidance or dated operating targets.
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