Brief Introduction

Hangzhou Kelin Electric Co., Ltd., established 2002, is a high-tech company in the field of smart grid. We focuson the construction of power Internet of Things, and specialize in the researchanddevelopment, production and sales of intelligent devices, technical solutions and services for theintelligent health condition perception, diagnosis, and smart predictive maintenanceof electricalequipment.

Based on the leading advantages accumulated in emerging markets, we have actively implemented a diversified strategic layout around digitization, networking and intelligent technologies, and have formed dozens of series products covering the whole link of "power transmission, power transformation and power distribution" and the whole voltage range of "high voltage, super high voltage and ultra high voltage".We provide customers with personalized comprehensive solutions that meet their needs, Among them, intelligent sensing and diagnosis devices for the substation condition monitoring is our core cutting-edge products.

As an innovative high-tech enterprise, we have obtained more than 160 independent intellectual property rights; As the main drafting unit, we has participated in the formulation of six industrialstandards; As the sole undertaking unit, many projects of the company have been listed in the China-Torch Program, The National New Products Programand Primary Research and DevelopmentPlans of Zhejiang Province; We have won the first prize ofScientific and Technological Award of Zhejiang Province,the second prize ofScience and TechnologyAwardof China Electric Power and many other awards. We have also established provincial researchand developmentcenter, academician workstation and postdoctoral workstation, and will further enhance our product technologies via innovation , and strive to fulfill the mission of "a world renowned supplier and technology leader of intelligent solutions for internet of energy".

Company Overview

Full name Hangzhou Kelin Electric Co.,Ltd.
Abbreviations Hangzhou Kelin
Code 688611
Founded 2002-12-12
Listing 2021-04-12
Domicile Hangzhou
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 2.52 2.13 1.65
R&D expenditure as a % of operating revenue 9.10 8.77 8.06
Operating Revenue 237.12 200.62 162.33
Net Income 105.81 89.50 69.82

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 237.12 200.62 162.33
Operating Costs 127.10 105.59 88.78
Operating Income 123.82 104.68 81.01
Pretax Income 123.07 104.66 81.01
Income Tax 17.27 15.15 11.75
Net Income 105.81 89.50 69.26

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 364.34 298.95 254.29
Non-current Assets-Total 62.81 47.66 43.74
Total Assets 427.14 346.61 298.02
Current Liabilities-Total 76.82 103.62 146.4
Non-current Liabilities-Total 4.72 3.19 1.33
Total Liabilities 81.54 106.82 147.73
Stockholder's Equity
Share Capital 58.99 58.99 58.99
Retained Profits 286.61 180.81 91.3
Total Owners' Equity 345.60 239.79 150.29

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 85.49 67.05 121.78
Net Cash Flows-Investing -18.34 8.9 -7.43
Net Cash Flows-Financing 0 -45.00 0

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Dong Xie 25.04 44.79
Hangzhou Guangyi investment management partnership (limited partnership) 5.14 9.19
Xueming Mang 1.54 2.76
Fang Xie 1.35 2.41
Shangxian Zheng 1.16 2.07
Jian Wang 1.16 2.07
Fuxing Li 0.77 1.38
Zheshang Securities Investment Co., Ltd 0.65 1.16
Yanping Zhang 0.58 1.03
Chaohe Liu 0.58 1.03

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