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Kehua Data Co., Ltd.

Kehua Data Co., Ltd.

002335.SZ
Kehua Data Co., Ltd.CN flagShenzhen Stock Exchange
35.99
CNY
-1.95
- -
26.90BMarket Cap
Kehua Data Co., Ltd.
002335.SZ
(Shenzhen Stock Exchange)

Recent

price

35.99

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.26
1.72
1.68
1.84
2.75
3.06
2.8
3.56
4.98
5.8
6.25
7.27
8.47
12.17
11.54
11.18
8.49
Revenue per Share
0.18
0.2
0.17
0.21
0.24
0.27
0.27
0.63
0.11
0.31
0.57
0.66
0.37
0.76
0.47
0.57
0.43
Basic EPS, GAAP
0.01
-0.2
0.13
-0.14
-0.19
-0.73
-0.88
-0.61
-0.49
0.04
-0.05
0.39
1.51
1.64
1.77
1.12
-0.32
Free Cash Flow per Basic Share
0.05
0.12
0.04
0.06
0.07
0.08
0.19
0.2
0.51
0.59
0.41
0.36
0.19
0.11
0.12
0.09
0.08
Dividend per Share
0.53
0.72
0.94
1.07
1.25
1.44
1.44
1.82
1.45
1.37
1.92
2.27
2.58
3.29
3.67
3.92
3.9
Book Value per Share
1.48
1.53
1.58
1.68
1.88
2.12
4.52
3.62
3.32
3.37
3.39
3.7
3.87
4.78
5.28
7.32
7.22
Tangible Book Value per Share
524
547
556
551
540
545
631
678
690
668
667
670
667
669
672
730
754
Basic Weighted Avg Shares
662
942
933
1,014
1,486
1,670
1,770
2,410
3,437
3,869
4,168
4,866
5,648
8,141
7,757
8,160
6,401
Sales/Revenue/Turnover
14.74
12.6
11.07
12.11
9.97
11.19
10.88
11.59
9.8
11.08
13.88
11.47
11.25
9.87
8.15
7.94
8.02
Operating Margin (%)
9
15
18
30
43
58
83
112
152
188
302
452
511
582
610
646
- -
Depreciation Expense
93
109
95
114
127
146
172
426
76
207
382
439
248
508
315
418
326
Net Income, GAAP
14.44
16.24
16.5
16.75
11.42
12.78
8.43
8.79
32.7
9.68
12.78
7.45
16.56
9.44
- -
1.11
0.36
Effective Tax Rate (%)
13.99
11.54
10.14
11.24
8.55
8.74
9.69
17.69
2.2
5.35
9.16
9.02
4.4
6.23
4.06
5.12
5.09
Profit Margin (%)
638
627
621
596
603
397
1,643
827
679
659
360
752
236
1,663
1,342
1,650
1,903
Working Capital
- -
- -
- -
- -
8
324
614
486
1,485
1,824
2,517
2,706
1,796
2,805
2,428
907
984
LT Debt
808
898
974
1,046
1,236
1,530
3,257
3,689
3,520
3,441
3,476
3,716
3,915
4,510
4,801
6,546
6,631
Total Equity
15.66
11.61
9.39
10.22
10.69
9.21
5.67
5.7
4.31
6.77
7.93
7.38
7.89
10.6
- -
8.41
6.61
Return on Invested Capital (%)
38.42
32.28
20.6
20.03
15.73
11.71
10.39
19.61
3.58
7.58
10.29
10.75
6.53
11.64
- -
8.94
8.09
Return on Capital (%)
38.96
32.43
20.67
20.51
20.11
20
20.27
39.76
6.77
21.7
34.8
31.27
15.32
25.88
13.51
15.7
11.82
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
742
373
LT Borrowings
- -
144
213
LT Finance Leases
- -
763
771
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
747
747
747
Market Capitalization
32,863
25,525
28,776

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
8,196
7,919
Cash, Cash Equivalents & STI
- -
2,221
2,096
Accounts Receivable, Net
- -
3,472
3,109
Inventories
- -
513
700
Total Current Liabilities
- -
6,546
6,016
Payables & Accruals
- -
- -
- -
ST Debt
- -
742
373
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.06%
14.05%
36.33%
Free Cash Flow
-101.42%
-135.66%
-31.32%
Net Income, GAAP
41.27%
14.12%
32.62%
Sales/Revenue/Turnover
18.25%
15.49%
5.2%
Total Cash Common Dividend
20.5%
-22.63%
-21.92%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,184
2,547
1,663
2,364
7,757
2025
1,216
2,516
- -
2,455
8,160
2026
1,430
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
- -
- -
- -
0.47
2025
0.1
- -
- -
- -
0.57
2026
0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.12
2025
0.01
- -
- -
- -
0.09
2026
- -
- -
- -
- -
- -
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Business
Kehua Data Co., Ltd. (002335.SZ) engages in the research, development, manufacturing, and sale of power electronics and energy solutions, providing integrated systems for critical power, data centers, and renewable energy applications worldwide. Founded in 1988 and headquartered in Xiamen, China, with manufacturing bases in Jiaomei, Zhangzhou, Xiamen, Xiang'an, Malaysia, and Foshan, the company operates in over 100 countries and regions, serving industries such as government, finance, telecommunications, transportation, internet, healthcare, and industrial sectors. Its main products and services encompass uninterruptible power supplies (UPS) including single-phase, three-phase online, modular, and high-end 125kW modules; lithium-ion battery systems; power distribution units (PDUs); solar inverters such as string and central types; power conversion systems (PCS) notably leading the global >500kW segment; energy storage systems; power automation and smart energy management systems; data center infrastructure including micro-module solutions, cloud computing services, engineering procurement construction, and location consulting, planning, design; distributed energy monitoring; and grid-forming microgrid systems. Kehua Data maintains three primary business segments: Intelligent Computing Center focused on data center products and services; Smart Electric Energy covering critical power and power electronics; and Clean Energy including photovoltaic power generation, energy storage, and renewables. In recent developments, the company ranks as the No.1 PCS supplier globally for >500kW in 2024 per S&P Global, No.4 overall PCS supplier, No.1 micro-module data center supplier in China, and No.4 in global modular and industrial UPS market share; it changed its name from Kehua Hengsheng Co., Ltd. to Kehua Data Co., Ltd. in January 2021; completed acquisitions of stakes in Shenzhen KBD Control Technology Ltd. and Beijing CloudVSP Technology Co., Ltd.; launched innovations like 500kW modular liquid-cooling PCS and deployed over 400 grid-forming microgrid systems surpassing 2GW shipments; and achieved global energy storage installations of 30GW/12GWh by end-2024 with 46GW+ PV installations.