SINEXCEL Secures Spot in Forbes Asia's Best Under a Billion 2026 for Second Consecutive Year
SINEXCEL's Recognition in Forbes Asia's Best Under a Billion 2026
SINEXCEL Inc. (300693.SZ), a leading global provider of energy storage, electric vehicle charging, power quality, and critical energy solutions for AI data centers, has made its mark on the prestigious Forbes Asia's Best Under a Billion 2026 list for the second consecutive year. This accolade not only underscores the company's sustainability and innovation in energy technology but also highlights its robust financial health and growth trajectory amid a challenging market landscape.
Extensive Selection Process
Published in the August 2026 issue of Forbes Asia, this esteemed list includes 200 publicly traded companies chosen from over 19,000 candidates across the Asia-Pacific region, each boasting annual revenues between $10 million and $1 billion. The evaluation criteria encompass metrics such as debt ratio, revenue growth, earnings per share over both one and three years, as well as return on equity over one and five years. The qualitative screening further assesses corporate management practices, financial reporting, environmental responsibility, and governance integrity, spotlighting companies known for their solid and sustainable performance.
A Solid Position Among Peers
This year, SINEXCEL joins an exclusive group of only 28 Chinese enterprises recognized in this year's edition, commended for their impressive financial results and consistent business growth. With an astounding 35.05% compound annual growth rate (CAGR) in revenue over five years and net income attributable to shareholders achieving a CAGR of 35.04%, SINEXCEL has demonstrated its unwavering commitment to driving innovation in the energy sector.
The company's return on equity (ROE) and return on invested capital (ROIC) have also remained consistently above 20%—a testament to its operational efficiency and resource management.
Investment in Innovation
Since its inception in 2007, SINEXCEL has significantly relied on research and development, having invested over $176 million (approximately EUR 157 million) from 2019 to 2025. Technical experts represented nearly 30% of its workforce of over 2,600 employees in 2025, showcasing the company's dedication to innovation.
Adopting a customer-centric approach and a commitment to long-term thinking, SINEXCEL continuously refines its management practices to enhance market competitiveness and business resilience. The company has excelled in establishing 17 GW of installed energy storage capacity, deploying more than 200,000 DC fast chargers for electric vehicles, and delivering nearly 20 million amperes of active harmonic filters, alongside over 700 power quality projects across global data centers.
Global Leadership and ESG Commitment
Furthermore, SINEXCEL has been recognized as a Level 1 power converter manufacturer by BloombergNEF for the first three quarters of 2026. Its technology leadership is complemented by a robust focus on strengthening the ESG governance framework. At the 2025 Brandon Hall Group Excellence in Action Awards™, the company won a silver award in Career Advancement and Succession Planning, along with a bronze in Diversity, Equity, and Inclusion.
Strengthening Global Energy Freedom
With its second recognition from Forbes Asia, SINEXCEL is propelled to continue its mission of fostering sustainable growth and technological excellence. The company is committed to advancing innovations in power electronics, fortifying global partnerships, and delivering reliable energy solutions tailored to enhancing energy freedom across the globe. As it thrives on innovative approaches to energy solutions, SINEXCEL retains its strategic focus on building a sustainable future.
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