Shijiazhuang Kelin Electric
A company developing electrical power distribution and metering solutions.
- Electronics
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 1.4x EV/Revenue 14.4x EV/EBITDA | round | |
* | N/A | Post IPO Equity | |
| Total Funding | 000k | ||
| CNY | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 17 % | 23 % | 16 % | 29 % | 49 % | 5 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 8 % | 11 % | 10 % | 7 % | 11 % | 13 % | 9 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 7 % | 6 % | 6 % | 4 % | 4 % | 8 % | 4 % |
| 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 | - | 6 % | 5 % | 6 % | 5 % | 5 % | 5 % |
Source: Company filings or news article
In the year 2000, in the city of Shijiazhuang, China, Shijiazhuang Kelin Electric was founded. The company started with a focus on electrical power distribution and metering. Initially, its main products were low-voltage electrical equipment. A key turning point came in 2005 when Kelin Electric began exporting its products internationally, establishing a global presence. This expansion was followed by significant growth, driven by increasing demand for reliable and energy-efficient electrical solutions in a rapidly industrializing China. The company broadened its product line to include advanced smart grid solutions, transformers, and switchgear, positioning itself as a comprehensive provider in the energy management sector. The company reached a major milestone on April 14, 2017, when it was listed on the Shanghai Stock Exchange, successfully entering the A-share main board market. More recently, in May 2024, home appliance giant Hisense Group announced its intention to become the new controlling shareholder of Kelin Electric. This move is part of Hisense's long-term strategy to expand into the new power grid and new energy fields, signaling a new chapter for Kelin Electric.