Brief Introduction

Hefei Kewell Power System Co., Ltd., a high-tech enterprise focusing on the manufacture of test power supplies and systems with branches successively established from 2018 to 2019, including Xi'an, Shenzhen, Beijing, Shanghai and Nanjing, was founded in 2011 in Hefei, Anhui province. Kewell is one of the few local Chinese brands participating in the system of international test power equipment supplier, and listed on STAR Market of Shanghai Stock Exchange in September 2020.

After years of technical accumulation, Kewell has fully mastered core essential technologies of power electronics, gradually forming high-power, low-power test power supply and test systems product lines.

Benefiting from fast growth of domestic new energy power generation, electric vehicles, and other related industries, Kewell quickly developed and launched PV array simulator, battery simulator and other related products when high power test power supply demands got increased rapidly, realizing the import substitution of multiple products. Kewell developed a first-mover advantage along with industries' moving on and has grown into a leading enterprise in the subdivision of China's test power supply industry step by step. Accompanying the localization trend of low-power test power supply, Kewell released specified products, applying new materials such as silicon carbide and gallium nitride of new-generation power semiconductor devices, and key performance parameters of the products have reached the same level as well-known international brands.

Kewell is able to promptly and accurately understand the industry attributes and application characteristics of customers in different fields, has launched numerous test systems derived from test power supplies, adjusting the general technology platform based on the differentiated requirements of the downstream industries. So, Kewell can provide complete integrated test solutions to customers.

Today, thousands sets of Kewell products serve different customers in the industries of new energy power generation, electric vehicles, fuel cells and power devices, etc., and create value for customers in terms of improving R&D efficiency and quality, shortening product R&D cycle time and strengthening quality control.

In the future, Kewell is committed to becoming a full-category, full-power range and global professional test power supply and system supplier for multiple applications.

Company Overview

Full name Hefei Kewell Power System Co., Ltd.
Abbreviations Kewell
Code 688551
Founded June 3rd, 2011
Listing September 10th, 2020
Domicile Hefei, Anhui, China
Website www.kewell.com.cn
Email zhengquanbu@kewell.com.cn
STAR Theme High-end equipment
CSRCSector Manufacturing
Has weighted voting rights structure? No, it has not weighted voting rights structure.

Financials

Highlights

  2019 2018 2017
Earnings Per Share 1.03 0.65 0.77
R&D expenditure as a % of operating revenue 9.90% 7.40% 10.68%
Operating Revenue 169.45 140.00 98.79
Net Income 61.63 33.96 40.07

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 169.45 140.00 98.79
Operating Costs 59.09 43.83 31.74
Operating Income 68.05 38.19 46.51
Pretax Income 70.59 38.82 46.28
Income Tax 8.96 4.87 6.21
Net Income 61.63 33.96 40.07

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 239.46 177.97 92.00
Non-current Assets-Total 52.10 23.62 3.70
Total Assets 291.56 201.59 95.71
Liabilities
Current Liabilities-Total 99.10 65.30 40.54
Non-current Liabilities-Total 4.67 2.01 1.38
Total Liabilities 103.77 67.32 41.92
Stockholder's Equity
Share Capital 133.70 64.53 10.00
Retained Profits 54.09 69.74 43.79
Total Owners' Equity 187.79 134.27 53.79

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 49.42 17.21 13.54
Net Cash Flows-Investing -52.14 -13.98 1.92
Net Cash Flows-Financing -18.26 31.50 -3.60

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
傅仕涛 22.44 28.05%
蒋佳平 11.66 14.57%
任毅 6.29 7.87%
唐德平 4.20 5.25%
合肥合涂股权投资合伙企业(有限合伙) 2.59 3.24%
邰坤 2.56 3.21%
叶江德 2.56 3.21%
夏亚平 2.56 3.21%
中小企业发展基金(江苏有限合伙) 2.40 3.00%
合肥京坤股权投资合伙企业(有限合伙) 2.12 2.66%
24 Oct 2020

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