Hangzhou Xili Intelligent Technology Co., Ltd. (688616.SS) develops, manufactures and sells smart energy metering products principally in China. The company offers single-phase and three-phase smart electricity meters; electricity information collection terminals, including concentrators and collectors; electric energy metering boxes and special transformer collection terminals; smart gas and water meters; and supplementary products such as smart gateways, smart sockets, power communication chips and modules, power metering transformers, JI cabinets, column circuit breakers, power battery packs, mobile power supplies and household energy storage products. It operates primarily in the electric energy metering sector, serving state grid corporations, utilities and public energy users with solutions integrating measurement and communications technologies for applications including new energy vehicle charging, electric bicycle metering and 5G base station energy efficiency monitoring.
Founded in 1968 as Hangzhou Electricity Meter Factory and headquartered at No. 173 Liangfu Road, Zhuantang Street, Xihu District, Hangzhou, Zhejiang Province, China, the company underwent restructuring in 1999 to form Hangzhou Xili Electric Meter Manufacturing Co., Ltd. and renamed to its current form in 2016. It listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange in March 2021 and maintains provincial-level research institutes, high-tech R&D centers and CNAS-recognized testing facilities.
In recent developments, Hangzhou Xili Intelligent Technology wins multiple large-scale bids from China’s State Grid Corporation, including a 146.2 million yuan contract for smart energy meters, a 97.8 million yuan procurement for smart electric energy meters and a 58 million yuan bid for smart meters as of 2025. The company authorizes a share buyback plan in February 2024 and increases capital in a subsidiary by 130 million yuan in October 2024. It also launches a 2025 restricted stock incentive plan granting 3.1 million shares and secures additional 2025 fixed asset investment project bids for power grid materials.