TacticScaleWhat Shanghai Aerospace Automobile Electromechanical (航天机电) Does & How It Makes Money (600151.SS)
Updated October 2026 · reflects Shanghai Aerospace Automobile Electromechanical's latest reported financials
Shanghai maker of solar, energy storage and automotive electronics products. The company makes money by manufacturing and selling solar and energy storage products, and automotive parts such as air conditioning and EPS systems, to customers in China and abroad.
How Shanghai Aerospace Automobile Electromechanical makes money
The company makes money by manufacturing and selling solar and energy storage products, and automotive parts such as air conditioning and EPS systems, to customers in China and abroad.
What Shanghai Aerospace Automobile Electromechanical does
Shanghai Aerospace Automobile Electromechanical Co., Ltd. was founded in 1998 and is based in Shanghai. It develops, manufactures and sells products in China and internationally, with a focus on civil-military integration uses. The business has two main parts. The first is solar energy: polysilicon, solar cells, battery packs, and integrated photovoltaic energy storage systems. The second is automotive electronics: air conditioning systems, electric power steering (EPS), and other vehicle electronic systems. Because of this mix, its results depend on both the solar and energy storage cycle and the auto parts market.
Products & services
- Polysilicon
- Solar cells
- Battery packs
- Photovoltaic energy storage systems
- Automotive air conditioning systems
- Electric power steering (EPS) systems
航天机电是做什么的？
上海航天汽车机电股份有限公司成立于1998年，总部位于上海。公司在中国及海外研发、生产和销售军民融合领域的应用产品。 公司业务主要分为两部分。一是光伏新能源，包括多晶硅、太阳能电池、电池包及光伏储能系统集成；二是汽车电子，包括汽车空调系统、电动助力转向（EPS）等产品。因此，公司业绩同时受光伏储能行业周期和汽车零部件市场影响。
What is Shanghai Aerospace Automobile Electromechanical worth?
On an owner-earnings DCF, Shanghai Aerospace Automobile Electromechanical's most-likely value is about ¥5 versus a recent price near ¥9 (93% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥3) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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