Brief Introduction

Hangzhou Xili Intelligent Technology Co., Ltd. specializes in R&D, manufacture and sales of energy metering products, such as smart meters, electricity information collection terminals, and energy metering boxes, providing downstream customers multi-functional energy metering products with high-precision, low-power features.

As a national-level high-tech enterprise, the company has a provincial-level enterprise technology center, a provincial-level enterprise research institute, a provincial-level high-tech enterprise research and development center, and a testing center approved by the China National Accreditation Service for Conformity Assessment.

As one of the only 6 companies who have secured all 37 lots of centralized & unified biddings initiated by State Grid for smart meters since 2009 to the end of 2020, the company has strong technical capability and has participated in the formulation of 16 national standards for electric energy measurement, two projects were selected into the National Torch Program Industrialization Demonstration Project and undertook the research and development of a number of key electronic information industry projects in Zhejiang Province, key R&D projects in Zhejiang Province, and major scientific and technological projects in Hangzhou, many technical achievements have been awarded the third prize of China Machinery Industry Science and Technology Award, Zhejiang Science and Technology Progress Award, Zhejiang Excellent Industrial New Product (New Technology) Award, Hangzhou Science and Technology Progress Award, Hangzhou Excellent New Product and New Technology Award , Zhejiang Province Outstanding Industrial Products and other awards.

On the basis of focusing on the research of electric energy metering technology, making smart meters and power consumption information collection terminal products more refined and stronger, the company combines metering technology with communication technology, and successively developed electric energy metering boxes and external circuit breakers for electric energy meters, smart sockets, smart water meters and other new products, business has expanded from electric energy metering to power distribution management, new energy smart charging management, smart water management and other fields, and the products scope are becoming more abundant.

At the same time, it began to conduct research on 5G base station energy efficiency monitoring and management technology, low-voltage station area lean management technology, and develop acquisition and control terminals, "operation and distribution coordination" IoT sensing terminals, IoT metering boxes, smart circuit breakers, smart gateways and other products to help 5G base station on energy efficiency management, and to help State Grid realize refined management.

Company Overview

Full name Hangzhou Xili Intelligent Technology Co.,Ltd.
Code 688616
Founded 2016-06-21
Listing 2021-03-18
Domicile Hangzhou
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.66 0.55 0.27
R&D expenditure as a % of operating revenue 5.16% 4.95% 5.66%
Operating Revenue 452.93 425.13 358.62
Net Income 73.72 62.18 30.03

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 452.93 425.13 358.62
Operating Costs 380.16 300.61 267.12
Operating Income 84.91 72.37 33.46
Pretax Income 84.67 71.73 33.50
Income Tax 10.95 9.55 3.46
Net Income 73.72 62.18 30.03

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 462.61 475.72 453.42
Non-current Assets-Total 243.42 164.76 139.93
Total Assets 706.03 640.48 593.35
Current Liabilities-Total 203.53 216.33 234.52
Non-current Liabilities-Total 42.02 26.14 11.75
Total Liabilities 245.54 242.47 246.27
Stockholder's Equity
Share Capital 266.40 266.40 266.40
Retained Profits 24.45 16.89 10.16
Total Owners' Equity 460.49 398.02 347.08

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 128.53 70.05 -22.03
Net Cash Flows-Investing -71.71 -32.81 -23.70
Net Cash Flows-Financing 7.40 3.60 -9.00

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
宋毅然 49.83 33.22
周小蕾 21.60 14.40
德清西力科技信息咨询合伙企业(有限合伙) 6.51 4.34
德清聚源科技信息咨询合伙企业(有限合伙) 4.74 3.16
上海金浦创新消费股权投资基金(有限合伙) 4.22 2.81
杭州瑞投科技有限公司 4.20 2.80
杭州通元优科创业投资合伙企业(有限合伙) 4.05 2.70
陈龙 2.70 1.80
胡余生 2.25 1.50
朱永丰 2.25 1.50
As of 2021-03-31

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