- Business
- Boer Power Holdings Limited (1685.HK) is an investment holding company principally engaged in the design, manufacture and sale of electrical distribution equipment and provision of intelligent electrical distribution systems solution services in the People's Republic of China. The company operates through two main segments: Intelligent Power Integrated Management (IEM) Solutions, which provides one-stop solutions encompassing intelligent hardware integrated systems, customized operating systems and software, intelligent power consumption and energy efficiency management systems, new energy power generation, electricity sales solutions, engineering procurement construction projects, online and offline operation and maintenance management; and Components and Spare Parts (CSP) Business, which manufactures and sells special and standard components, spare parts including capacitors for electrical distribution equipment, photovoltaic products and related trading activities. Boer Power offers its products and services to sectors such as medical facilities, data centers, electricity utilities, real estate developments, industrial parks, communications, wastewater treatment, shipping and municipal infrastructure projects including rail transit; it maintains four production bases in Wuxi, Yixing, Shanghai and Spain, serves over 30 provinces in China and more than 100 countries and regions globally through 31 marketing service outlets nationwide, and holds 153 patents including 29 invention patents and 34 software copyrights with two R&D centers in Wuxi and Spain. Founded with roots tracing back over 38 years to 1985 and formally incorporated in 2010, Boer Power Holdings is headquartered at Luoyang Road, Yangshi Industrial Park, Huishan District, Wuxi City, Jiangsu Province, PRC, and is a subsidiary of King Able Limited. Recent developments include the expansion of its one-stop intelligent power solutions into telecommunications, data centers, industrial energy storage, wastewater treatment and shipping sectors amid China's dual carbon goals and Belt and Road Initiative; in October 2025, its indirectly wholly-owned subsidiary Boer Wuxi entered a connected transaction to sell 36 sets of gas-insulated switchgear equipment and spare parts worth RMB7.22 million to affiliate Boer Energy Jiangsu for photovoltaic power generation projects; the company reported revenue growth to RMB680.3 million in 2024 from RMB585.6 million in 2023 with gross profit margin improving to 29.0%, resumed dividend payments proposing a final dividend of HK1.1 cents per share and special final dividend of HK1.3 cents per share, and continues to pursue overseas market penetration leveraging technical accumulation in intelligent power management modules while responding to surging demand in new energy storage where China exceeded 100 GW installed capacity by end-2024.