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    Electronic technology

  3. •

    Electronic equipment/Instruments
Kewell Technology Co., Ltd. Class A

Kewell Technology Co., Ltd. Class A

SSSE:688551
29.87
CNY
-1.25
(-4.02%)
7.66BMarket Cap
Oct 30Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.46
2.06
2.18
1.92
2.38
3.62
5.04
4.43
4.69
- -
Basic EPS, GAAP
0.59
0.5
0.79
0.64
0.55
0.6
1.12
0.45
0.58
- -
Free Cash Flow per Basic Share
0.18
0.05
0.34
0.32
-0.32
-0.66
0.01
-0.56
0.17
- -
Dividend per Share
0.05
0.14
0.11
0.12
0.15
0.18
0.29
0.47
0.31
0.23
Book Value per Share
0.69
1.72
2.41
8.86
9.31
9.86
12.08
11.91
12.06
12.03
Tangible Book Value per Share
0.69
1.67
2.35
8.78
9.18
9.62
11.85
11.68
11.87
11.84
Basic Weighted Avg Shares
68
68
78
85
104
104
105
108
109
107
Sales/Revenue/Turnover
99
140
169
162
248
375
529
478
513
- -
Operating Margin (%)
48.76
29.01
41.55
30.24
15.24
12.64
21.49
7.89
9.39
- -
Depreciation Expense
1
1
1
3
10
14
16
16
20
- -
Net Income, GAAP
40
34
62
54
57
62
117
49
64
- -
Effective Tax Rate (%)
13.42
12.54
12.7
12.13
5.33
2.87
7.34
- -
- -
- -
Profit Margin (%)
40.56
24.25
36.37
33.26
22.99
16.59
22.13
10.26
12.48
- -
Working Capital
51
113
140
855
865
856
1,072
955
865
865
LT Debt
- -
- -
- -
2
5
2
2
2
1
- -
Total Equity
54
134
188
921
971
1,030
1,311
1,301
1,318
1,311
Return on Invested Capital (%)
- -
32.6
35.72
8.73
5.47
6.02
9.79
- -
- -
- -
Return on Capital (%)
- -
34.59
37.13
9.71
6.01
6.29
9.88
- -
- -
- -
Return on Common Equity (%)
- -
36.11
38.27
9.74
6.02
6.23
10.01
3.76
4.88
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
2
2
LT Borrowings
- -
- -
- -
LT Finance Leases
1
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
109
109
109
Market Capitalization
3,096
3,499
7,659

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,202
1,208
1,212
Cash, Cash Equivalents & STI
682
671
679
Accounts Receivable, Net
140
127
119
Inventories
258
294
298
Total Current Liabilities
337
341
348
Payables & Accruals
- -
- -
- -
ST Debt
2
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
7.86%
1.34%
Free Cash Flow
- -
-1,490.52%
-129.68%
Net Income, GAAP
- -
15.02%
30.38%
Sales/Revenue/Turnover
- -
28.5%
7.18%
Total Cash Common Dividend
- -
34.19%
-34.28%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
111
143
123
101
478
2025
107
117
- -
143
513
2026
89
128
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.22
0.09
-0.02
0.45
2025
0.18
0.1
- -
0.11
0.58
2026
0.07
0.07
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.46
- -
- -
0.47
2025
- -
0.31
- -
- -
0.31
2026
0.08
0.15
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Shi Tao Fu
Full Time Employees
652
Sector
Electronic technology
Industry
Electronic equipment/Instruments
Address
No. 8, Dalongshan Road Hefei AN China 230088
IPO Date
Sep 3, 2020
Website
kewell.com.cn
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Business
Hefei Kewell Power System Co., Ltd. (688551.SS), now operating as Kewell Technology Co., Ltd., researches, develops, manufactures, and sells advanced test power supplies, test systems, and intelligent manufacturing equipment primarily for the new energy and power electronics sectors in China; its core products encompass high-power DC sources and loads including programmable series, regenerative bidirectional DC power supplies, high-precision EVD series, array simulators, battery simulators, fuel cell-specific KDL series, and energy-recycling electronic loads; AC sources and loads such as bidirectional grid simulators, variable-frequency power supplies, and electronic loads; hydrogen energy testing equipment like fuel cell stack test systems, electrolyzer test platforms including the recently shipped 8.5MW alkaline electrolyzer testing platform, subsystem test benches, and impedance testers; power semiconductor testing solutions comprising performance, dynamic, static, and reliability test systems alongside production line automation and process equipment; as well as electrical measurement systems, charge-discharge test systems, EV battery simulators, e-motor simulators, powertrain test solutions, and DC charging pile testers. The company, founded in 2011 and headquartered at No. 8 Dalongshan Road, Hefei High-tech Zone, Anhui Province, China, serves industries including photovoltaic energy storage, new energy vehicles, fuel cells, electrolyzers, power semiconductors, rail transit, aviation, aerospace, and general industrial testing with around 555 to 672 employees; it maintains branch offices in Beijing, Shanghai, Shenzhen, Xi'an, Nanjing, and Chongqing. Recent developments include a name change to Kewell Technology Co., Ltd., an equity investment providing CNY 17 million in funding to Anhui Hanxian Intelligent Technology Co., Ltd., shareholder approval for a transaction with Hefei Accuracy Intelligent Equipment Co., Ltd. as of March 2025, completion of an equity buyback program in 2024 repurchasing 991,042 shares for CNY 29.15 million, and launches such as the high-density G6000 series four-quadrant AC power supply for PV, energy storage, and EV testing applications.