STEP Electric Company Profile: Business, Figures and Stock
Updated: Oct 15
Shanghai STEP Electric is a Chinese company best known for elevator control systems, with an industrial automation business that includes servo drives and industrial robots. It was founded in 1995 and is listed in Shenzhen. This profile sets out its business, figures and listing.
STEP Electric at a Glance
Fact | Detail |
Company | Shanghai STEP Electric Corporation |
Founded | 1995 |
Headquarters | Shanghai, China |
Employees | 2,520 |
Revenue | CNY 3.8 billion, latest reported |
Net result | Loss of CNY 7.6 million |
Stock listing | Shenzhen Stock Exchange: 002527 |
Market capitalization | About CNY 6.9 billion |
Business
Area | Products |
Elevator systems | Control systems, drives, door systems and safety systems |
Industrial automation | Servo drives, AC drives and motors |
Robotics | Industrial robots |
STEP supplies elevator makers in China and abroad, and the drive and control technology developed for elevators is the base of its robot business.
Financial Performance
Item | Latest reported |
Revenue | CNY 3.8 billion |
Net result | Loss of CNY 7.6 million |
Net margin | About minus 0.2% |
The company is operating at about break-even.
Stock Information
Item | Detail |
Listing | Shenzhen Stock Exchange: 002527 |
Market capitalization | About CNY 6.9 billion |
Note: market values change daily. This section is general information, not investment advice.
Strengths and Challenges
Strengths
An established elevator control business that provides scale.
Its own drives and motion control for robots.
Challenges
Results at break-even.
A Chinese robot market with heavy price competition.
STEP Electric FAQ
Is STEP Electric publicly traded?
Yes, on the Shenzhen Stock Exchange under the code 002527.
What does STEP Electric make?
Elevator control systems, servo and AC drives, motors and industrial robots.
When was STEP Electric founded?
In 1995.
How big is STEP Electric?
Revenue of CNY 3.8 billion and 2,520 employees.
