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    Electric utilities
Shandong Kehui Power Automation Co.,Ltd Class A

Shandong Kehui Power Automation Co.,Ltd Class A

SSSE:688681
14.11
CNY
+0.35
(+2.54%)
0.39EPS
36.37P/E
1.46BMarket Cap
Shandong Kehui Power Automation Co.,Ltd Class A
SSE:688681
(Shanghai Stock Exchange)

Recent

price

14.11

P/E

ratio

36.37

div

yld

1.98%

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.34
2.94
3.29
2.58
2.93
3.1
3.18
3.77
4.21
4.06
2.92
3.25
4
4.85
4.7
Revenue per Share
0.2
0.24
0.41
0.21
0.44
0.36
0.23
0.52
0.7
0.6
-0.07
0.12
0.29
0.45
0.38
Basic EPS, GAAP
0.37
0.39
0.39
0.36
-0.03
-0.01
-0.23
0.44
0.35
-0.25
-0.24
0.26
0.09
0.17
- -
Free Cash Flow per Basic Share
0.14
0.31
0.22
0.16
0.15
0.14
0.15
0.14
0.14
0.11
0.12
0.1
0.15
0.1
0.28
Dividend per Share
1.21
1.14
1.45
2.28
2.59
3.2
3.31
3.73
4.32
5.59
5.41
5.44
5.5
5.9
5.85
Book Value per Share
0.97
0.9
1.22
2.05
2.31
2.83
2.93
3.36
3.98
5.35
5.16
5.19
5.24
5.66
5.44
Tangible Book Value per Share
60
61
60
72
73
76
77
79
79
91
106
106
105
104
110
Basic Weighted Avg Shares
142
179
196
186
215
235
246
298
333
369
310
344
420
505
516
Sales/Revenue/Turnover
13.91
9.83
11.16
7.18
14.21
14.85
8.73
100
20.12
13.88
-1.64
3.98
8.3
10.91
9.4
Operating Margin (%)
3
3
3
3
4
4
6
7
9
12
15
16
19
21
- -
Depreciation Expense
12
15
24
15
32
27
18
41
55
55
-7
13
30
47
42
Net Income, GAAP
28.62
14.87
14.98
27.22
16.88
17.1
11.58
14.5
14.82
5.73
- -
- -
3.26
5.54
0.93
Effective Tax Rate (%)
8.54
8.15
12.47
8.13
15.02
11.61
7.23
13.8
16.62
14.79
-2.4
3.7
7.26
9.27
8.17
Profit Margin (%)
54
41
64
125
136
153
144
147
181
407
369
353
334
352
344
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
2
1
1
2
1
10
9
LT Debt
95
89
114
179
203
251
260
293
339
585
570
572
577
620
613
Total Equity
- -
7.09
10.01
3.4
9.51
10.3
6.27
13.82
16.46
10.53
- -
- -
5.72
8.37
6.91
Return on Invested Capital (%)
- -
9.77
15.99
7.84
13.75
10.67
6.53
13.43
16.11
11.49
- -
- -
5.31
7.69
6.99
Return on Capital (%)
- -
15.83
24.09
10.3
16.88
11.99
6.95
14.91
17.53
11.83
-1.29
2.24
5.32
7.85
7.1
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7
4
4
LT Borrowings
8
8
8
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
105
105
105
Market Capitalization
1,840
1,915
1,463

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
610
566
589
Cash, Cash Equivalents & STI
210
177
179
Accounts Receivable, Net
223
216
236
Inventories
66
85
93
Total Current Liabilities
258
214
245
Payables & Accruals
- -
- -
- -
ST Debt
7
4
4
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.77%
15.75%
7.42%
Free Cash Flow
99.6%
-71.32%
88.12%
Net Income, GAAP
3.71%
-38.5%
53.71%
Sales/Revenue/Turnover
11.1%
9.66%
20.31%
Total Cash Common Dividend
1.16%
2.6%
-32.83%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
63
107
111
140
420
2025
83
126
- -
155
505
2026
97
138
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
0.1
0.09
0.15
0.29
2025
-0.01
0.16
- -
0.11
0.45
2026
0.02
0.11
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.1
- -
0.05
0.15
2025
- -
0.1
- -
- -
0.1
2026
- -
0.19
- -
- -
- -
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Business
Shandong Kehui Power Automation Co., Ltd. (688681:SHH) engages primarily in the research, development, production, and sale of smart grid fault monitoring and automation solutions; switched reluctance motor drive systems; power cable fault test systems; transmission line fault traveling wave location products; distribution network automation equipment; railway power automation systems; and energy storage with smart energy management technologies. The company serves electric utilities, industrial automation sectors, and emerging applications in forging machinery, textile machinery, traction locomotives, mining machines, and construction equipment, with operations spanning China through subsidiaries in Jinan, Qingdao, and Wuhan, as well as international presence via a London, England subsidiary and service centers in over 10 cities including Beijing, Shanghai, Guangzhou, Chengdu, and Fuzhou, extending to more than 30 countries worldwide. Founded in 1991 and headquartered at No. 16 Sanying Road, Fang Town, Zhangdian District, Zibo, Shandong Province, China, the company employs over 600 personnel across 30,000 square meters of facilities and maintains approximately 663 total employees. In recent developments, Shandong Kehui Power Automation completed an equity buyback program in 2025, repurchasing 617,000 shares for CNY 9.34 million, equivalent to 1.05% of its total share capital, following an announcement on April 29, 2025; the company also reported preliminary 2024 net income attributable to shareholders of around CNY 32 million, reflecting a 151.60% year-over-year increase, and continues to explore expansions in switched reluctance motor applications while conducting ongoing share repurchases as of June 30, 2025, acquiring an additional 309,311 shares.