Brief Introduction

Hefei Kewell Kewell Power System was established in 2011. We define ourselves as a young, vibrant high-tech enterprise. We focus on the manufacture of test equipment and adhere to independent innovation. Drawing on the power electronics technology platform, we serve industry customers with professional, reliable, and high-performance test power supplies by integrating software simulation algorithms as well as measurement and control technologies.

In 2020, Kewell became the first brand in China to be listed in the SSE STAR Market (Name: Kewell; Code: 688551) amongst its peer competitors in test power supplies and systematic solutions. Our products are mainly applied in new energy power generation, electric vehicles, fuel cell, and power device industries.

We spare no effort in constructing our R&D capability as well as innovation strength by implementing industry-academy cooperation. Long have we been in collaboration with Hefei University of Technology on many projects and established the "Kewell Scholarship". In addition to this, we take part in securing the future talents for power electronics by aligning with industry charitable organizations to grant scholarship in universities such as Zhejiang University, Nanjing University of Aeronautics and Astronautics, Huazhong University of Science and Technology, Xi'an Jiaotong University and Xi'an University of Technology.

"Take on More Responsibility, Stay Innovative, Keep Improving" is what we believe in and it will drive us towards becoming a world-leading brand for test power supplies and systems. We promise to provide you with professional products and services at all time. Kewell, Make testing more precise and convenient.

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
STAR Theme High-end equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No, it has not weighted voting rights structure.



  2020 2019 2018
Earnings Per Share 0.83 1.03 0.65
R&D expenditure as a % of operating revenue 11.60% 9.90% 7.40%
Operating Revenue 162.48 169.45 140.00
Net Income 54.03 61.63 33.96

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 162.48 169.45 140.00
Operating Costs 64.91 59.09 43.83
Operating Income 54.93 68.05 38.19
Pretax Income 61.50 70.59 38.82
Income Tax 7.46 8.96 4.87
Net Income 54.03 61.63 33.96

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 947.27 239.46 177.97
Non-current Assets-Total 69.35 52.10 23.62
Total Assets 1,016.62 291.56 201.59
Current Liabilities-Total 88.79 99.10 65.30
Non-current Liabilities-Total 6.64 4.67 2.01
Total Liabilities 95.44 103.77 67.32
Stockholder's Equity
Share Capital 823.26 133.70 64.53
Retained Profits 97.92 54.09 69.74
Minority Interests      
Total Owners' Equity 921.18 187.79 134.27

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 45.64 49.42 17.21
Net Cash Flows-Investing -488.67 -52.14 -13.98
Net Cash Flows-Financing 675.20 -18.26 31.50

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%
As of 20 May 2021

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