SINEXCEL named to Forbes Asia's Best Under A Billion list for second time
SINEXCEL (300693.SZ), a provider of energy storage, EV charging, power quality and critical power solutions for AI data centers, has been included in Forbes Asia's Best Under A Billion 2026 list. It is the company's second listing, after its first in 2023.
- SINEXCEL (300693.SZ) is on Forbes Asia's Best Under A Billion 2026 list for the second time, after 2023.
- The unranked list names 200 listed companies from more than 19,000 in Asia-Pacific; 28 are Chinese.
- The company reports five-year CAGR of 35.05% in revenue and 35.04% in attributable net profit.
- Cumulative R&D investment from 2019 to 2025 exceeded US$176 million.
- SINEXCEL reports 17 GW of installed energy storage capacity and more than 200,000 DC EV chargers deployed.
What the Forbes Asia list covers
The list appeared in the August 2026 issue of Forbes Asia. It is not ranked and recognizes 200 publicly listed companies, chosen from more than 19,000 companies in the Asia-Pacific region with annual revenue between US$10 million and US$1 billion.
According to the announcement, the selection criteria include debt levels, sales growth and earnings per share growth over one and three years, and return on equity over one and five years. A qualitative review also looks at corporate governance, accounting practices, environmental responsibility and management integrity, in order to highlight companies with strong and sustainable performance.
SINEXCEL is one of 28 Chinese companies chosen for this year's list. It was recognized for its solid financial performance and sustained business growth.
Growth and R&D figures reported by the company
SINEXCEL says it reached a five-year compound annual growth rate (CAGR) of 35.05% in revenue and 35.04% in net profit attributable to shareholders of the parent company. Both return on equity (ROE) and return on invested capital (ROIC) exceeded 20%, the company states.
Between 2019 and 2025, cumulative R&D investment exceeded US$176 million (157 million euros). In 2025, technical staff made up nearly 30% of a workforce of more than 2,600 employees.
The company describes its approach as customer-centric, long-term and focused on high-quality growth, and says it keeps refining its management practices to strengthen market competitiveness and business resilience.
Operating scale and ESG recognition
Founded in 2007, SINEXCEL reports an installed energy storage capacity of 17 GW. It has deployed more than 200,000 DC electric vehicle chargers, supplied close to 20 million amperes of active harmonic filters and carried out more than 700 power quality projects for data centers worldwide.
The company also says BloombergNEF recognized it as a Tier 1 power inverter manufacturer for the period from the first to the third quarter of 2026.
On governance, SINEXCEL cites the 2025 Brandon Hall Group Excellence in Action Awards, a program recognizing excellence in human capital management. It won a silver award in the Promotion and Succession category and a bronze award in Diversity, Equity and Inclusion.
What it means for the company
SINEXCEL says the second Forbes Asia recognition reinforces its commitment to sustainable growth and technological excellence. It plans to keep advancing power electronics innovation, strengthen global partnerships and offer reliable, efficient energy solutions in support of what it calls global energy freedom.
The listing is an external screen based on financial metrics and governance review, and the growth figures above are the company's own claims as stated in its announcement.
