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Hangzhou Kelin Electric Co., Ltd. Class A

Hangzhou Kelin Electric Co., Ltd. Class A

SSSE:688611
61.60
CNY
+2.15
(+3.62%)
-0.08EPS
10.96BMarket Cap
Hangzhou Kelin Electric Co., Ltd. Class A
SSE:688611
(Shanghai Stock Exchange)

Recent

price

61.60

P/E

ratio

- -

div

yld

0.26%

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.61
0.52
0.68
0.87
1.05
1.41
1.74
2.06
1.73
1.24
1.31
3.56
1.36
1.56
Revenue per Share
0.51
0.12
0.08
0.27
0.41
0.6
0.78
0.92
0.71
0.37
0.31
0.48
-0.02
-0.08
Basic EPS, GAAP
0.39
0.12
0.09
0.21
-0.03
0.99
0.55
0.57
-0.28
-0.16
-0.47
-1.42
-0.17
- -
Free Cash Flow per Basic Share
- -
- -
0.3
- -
- -
- -
0.39
- -
- -
0.55
0.13
0.13
0.15
0.16
Dividend per Share
0.78
0.35
0.41
0.6
1.1
1.31
2.08
3
5.46
5.31
5.5
5.81
5.64
5.5
Book Value per Share
0.78
0.35
0.41
0.6
1.09
1.3
2.08
2.84
5.34
5.19
4.91
5.24
5.09
4.95
Tangible Book Value per Share
64
87
83
83
108
115
115
115
141
153
154
152
152
153
Basic Weighted Avg Shares
103
45
57
72
114
162
201
237
243
190
202
541
207
237
Sales/Revenue/Turnover
35.09
9.74
10.66
39.53
44.89
49.53
100
50.3
46.45
26.41
21.48
15.29
5.84
4.71
Operating Margin (%)
1
1
1
1
1
2
3
3
5
6
7
7
32
- -
Depreciation Expense
33
10
6
22
44
69
90
106
101
57
47
73
-3
-12
Net Income, GAAP
14.15
12.92
18.58
16.61
14.9
14.5
14.48
14.03
13.42
13.34
8.48
9.49
- -
- -
Effective Tax Rate (%)
31.78
23.33
11.18
30.88
38.81
42.67
44.61
44.62
41.41
30
23.39
13.49
-1.47
-5.18
Profit Margin (%)
81
36
44
65
89
108
195
287
574
511
593
309
216
94
Working Capital
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
1
58
130
LT Debt
90
41
47
69
126
150
240
346
837
815
843
901
866
844
Total Equity
- -
8.85
10.93
33.69
41.88
45.55
42.37
34.12
16.42
6.79
5.63
8.15
- -
- -
Return on Invested Capital (%)
- -
15.91
14.4
38.2
45.09
50.13
45.85
35.99
16.97
6.89
5.6
8.25
- -
- -
Return on Capital (%)
- -
15.91
14.4
38.2
45.1
50.13
45.89
36.15
17.01
6.9
5.69
8.42
-0.35
-1.42
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
32
57
40
LT Borrowings
58
58
130
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
153
153
153
Market Capitalization
7,800
7,939
10,960

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
433
325
286
Cash, Cash Equivalents & STI
245
137
96
Accounts Receivable, Net
92
94
89
Inventories
56
52
57
Total Current Liabilities
216
204
192
Payables & Accruals
- -
- -
- -
ST Debt
32
57
40
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
39.78%
29.2%
-3.91%
Free Cash Flow
-399.93%
22.14%
-88.3%
Net Income, GAAP
33.92%
-22.98%
-104.17%
Sales/Revenue/Turnover
26.28%
18.66%
-61.83%
Total Cash Common Dividend
- -
- -
15.79%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
31
211
21
278
541
2025
34
84
- -
68
207
2026
45
41
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.18
- -
0.26
0.48
2025
0.03
0.09
- -
-0.02
-0.02
2026
-0.02
-0.12
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.13
2025
- -
0.15
- -
- -
0.15
2026
- -
- -
- -
- -
- -
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Business
Hangzhou Kelin Electric Co., Ltd. operates primarily in the smart grid and electrical equipment sector, specializing in the research, development, production, and sales of digital intelligent sensing products for power grids, energy storage systems, and perovskite photovoltaic modules. The company's main product portfolio includes intelligent sensing and diagnosis devices for substations, transformer vibration monitoring systems, cable monitoring and early warning systems, distributed fault location systems, digital twin substation systems, and various energy storage systems such as air-cooled, liquid-cooled integrated and split energy storage systems. It also produces intelligent environmental control devices, switching station environmental control systems, electric heaters, temperature and humidity sensors, on-load tap-changer insulating oil online filtration systems, and smart sensors that monitor mechanical, electrical, and thermal performance of power equipment. Hangzhou Kelin Electric actively provides power-related technical solutions and personalized comprehensive solutions covering the full voltage range from high voltage to ultra-high voltage and the entire chain of power transmission, transformation, and distribution. Founded in 2002 and headquartered in Hangzhou, China, the company has built a substantial intellectual property portfolio with over 160 patents and participates in industry standard setting and numerous national research projects. In the last one to two years, Hangzhou Kelin Electric has focused on deploying advanced large model technologies including DeepSeek to enhance its smart grid systems’ human-machine interaction and fault diagnosis capabilities, while improving process intelligence and product yield in its titanium photovoltaic production line. The company initiated a research project with Siasun Robot & Automation on a six-dimensional smart sensor, advancing its portfolio in intelligent sensing technologies. These innovations support optimized energy storage system regulation and collaborative modeling for new intelligent sensor development. The company continues expanding its technological edge through innovation, research centers, and strategic projects aimed at digital transformation in power Internet of Things applications. It maintains operations predominantly in China but aligns its growth strategy toward leading global intelligent energy solutions providers. Hangzhou Kelin Electric is listed on the Shanghai Stock Exchange under the ticker 688611.SS.