Hexing
Global provider of smart grid and renewable solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | N/A | IPO | |
| Total Funding | 000k | ||
| CNY | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (4 %) | 23 % | 27 % | 12 % | 19 % | 7 % | 11 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 18 % | 27 % | 32 % | 29 % | 28 % | 27 % | 27 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 12 % | 20 % | 23 % | 21 % | 23 % | 22 % | 23 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 8 % | 7 % | 7 % | 7 % | - | - | - |
Source: Company filings or news article, Equity research estimates
Hexing Group, established in 1992 by Chairman Liangzhang Zhou, is a multinational company specializing in smart energy solutions and electrical equipment for global power utilities. Headquartered in Hangzhou, China, the company has grown from addressing energy poverty in rural areas to operating in over 90 countries. Hexing was listed on the Shanghai Stock Exchange in 2016.
The company's business model is centered on providing a comprehensive ecosystem for energy distribution companies. This includes the manufacturing and sales of smart metering products, renewable energy solutions, power distribution automation, and smart water management systems. Hexing serves a diverse client base, including power utility companies, municipalities, and businesses in commercial and industrial sectors, with a focus on both grid-tied and off-grid environments. Revenue is generated through the direct sale of its hardware, such as smart meters and inverters, and integrated software systems for energy management, billing, and revenue protection.
Hexing’s product portfolio is extensive, featuring smart electricity meters (prepayment and post-payment), smart water meters, data concentrator units, and renewable energy products under its Livoltek brand, including inverters and battery storage systems. The company also offers AI-driven energy management platforms and modular battery systems designed for scalability. A key feature is the development of customized solutions tailored to specific market needs, such as tamper-proof metering systems and hybrid solar-plus-storage microgrids for regions with weak grid infrastructure. The company actively invests in research and development, committing around 10% of its revenue to innovation, and holds numerous patents in smart metering technology.
Keywords: smart metering, renewable energy solutions, smart grid, power distribution, energy management, microgrids, distribution automation, smart water meters, revenue protection, solar inverters, battery storage, utility solutions, energy efficiency, electricity meters, advanced metering infrastructure, power automation, off-grid solutions, energy storage systems, IoT in energy, sustainable infrastructure
