NARI Technology stock: Huaan keeps Buy rating for NARI Technology stock

Published on 10/20/2026 at 15:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Orders rose 28.79 percent. NARI Technology stock cost CNY 23.00 on October 20, 2026 at 3:00 p.m. CST, up 0.04 percent versus Shanghai's prior close.

Low-carbon revenue expands

Huaan Securities maintained a Buy rating on October 11, 2026.
Low-carbon energy revenue rose 46.98 percent to CNY 9.61 billion in the first half of 2026.
NARI Technology stock cost CNY 23.00 in Shanghai on October 20, 2026 at 3:00 p.m. CST, up 0.04 percent versus the prior close.

NARI Technology, CNE000001G38, Illustration mit AI erstellt.

NARI Technology (ISIN CNE000001G38) received a maintained Buy rating from Huaan Securities in a report dated October 11, 2026, carried by Futu. The report highlighted accelerating overseas operations and a growing order book. NARI Technology stock cost CNY 23.00 in Shanghai on October 20, 2026 at 3:00 p.m. CST, up 0.04 percent versus the prior close.

Orders outpace revenue growth

The company's first-half 2026 operating revenue reached CNY 27.77 billion, up 14.54 percent year over year. New contracts increased 28.79 percent to CNY 45.63 billion in the same period, giving the order pipeline a faster growth rate than reported revenue. Low-carbon energy revenue rose 46.98 percent to CNY 9.61 billion, while the segment's gross margin fell 2.95 percentage points to 18.64 percent, according to Futu.

The Shanghai price is steady

The Shanghai quote stood at CNY 23.00 on October 20, 2026 at 3:00 p.m. CST, compared with a prior close of CNY 22.99. The same quote showed a 52-week range of CNY 21.26 to CNY 32.06 and a market capitalization of CNY 184.7 billion. The price was 28.25 percent below the 52-week high, while the price-to-earnings ratio was 21.90.

Profit growth trails the order book

Net profit attributable to shareholders reached CNY 3.07 billion in the first half of 2026, up 4.08 percent year over year. The gap between 14.54 percent revenue growth and 4.08 percent profit growth puts execution and margins alongside order intake as the main operating measures. Huaan Securities forecast 2026 revenue of CNY 75.22 billion and maintained its Buy rating in the October 11, 2026 report carried by Futu.

Company profile and valuation

NARI Technology operates in electrical equipment and power intelligence, including grid dispatch, substation automation, power distribution and renewable-energy systems. Its Shanghai-listed shares had a market capitalization of CNY 184.7 billion on October 20, 2026, with the 21.90 price-to-earnings ratio providing the valuation marker alongside the company's first-half operating figures.

Stock position

NARI Technology's first-half order growth exceeded revenue growth by 14.25 percentage points, while profit growth trailed revenue growth by 10.46 percentage points. The share price was 0.04 percent above the Shanghai prior close on October 20, 2026 at 3:00 p.m. CST, leaving the order conversion rate and low-carbon margins as the clearest operating measures.