Hefei Kewell Power System Co.,Ltd. (SHA:688551)

Hefei Kewell Power System Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	524.76	506.56	475.29	526.93	371.31	246.5
Other Revenue	6.05	6.05	2.98	2.02	3.83	1.02
Revenue	530.81	512.6	478.27	528.95	375.14	247.52
Revenue Growth	12.74%	7.18%	-9.58%	41.00%	51.56%	52.34%
Cost of Revenue	294.03	306.17	270.08	254.8	189.36	120.22
Gross Profit	236.78	206.44	208.2	274.15	185.78	127.3
Selling, General & Admin	126.05	107.72	113.39	99.11	82.63	51.17
Research & Development	82.65	76.79	78.93	82.33	76.72	46.94
Other Operating Expenses	-9.52	-15.69	-14.82	-8.93	3.67	-3.33
Operating Expenses	202.49	172.12	179.63	176.23	168.72	100.86
Operating Income	34.29	34.31	28.56	97.92	17.06	26.44
Interest Expense	-0.44	-0.44	-0.92	-0.98	-0.71	-0.18
Interest & Investment Income	9.12	25.44	17.69	19.58	24.19	23
Currency Exchange Gain (Loss)	0.07	0.07	-0.04	0.09	-0.01	0.04
Other Non Operating Income (Expenses)	-0.87	0.22	1.03	-0.04	-0.24	-0.33
EBT Excluding Unusual Items	42.18	59.6	46.34	116.56	40.29	48.97
Gain (Loss) on Sale of Investments	-2.02	1.75	0.92	-0.5	-1.45	-0.57
Gain (Loss) on Sale of Assets	0.04	0.03	-0.04	0.14	0.36	0.91
Asset Writedown	-8.5	-	-	0.01	-	-
Legal Settlements	1.07	1.07	-	-1.07	-	-
Other Unusual Items	0.01	0.01	0.09	10.04	23.44	10.65
Pretax Income	32.78	62.47	47.3	125.17	62.64	59.95
Income Tax Expense	-2.59	-1.22	-0.78	9.19	1.8	3.2
Earnings From Continuing Operations	35.38	63.69	48.08	115.98	60.85	56.76
Minority Interest in Earnings	-	0.26	0.97	1.09	1.38	0.16
Net Income	35.38	63.95	49.05	117.07	62.22	56.92
Net Income to Common	35.38	63.95	49.05	117.07	62.22	56.92
Net Income Growth	-27.81%	30.38%	-58.10%	88.14%	9.33%	5.33%
Shares Outstanding (Basic)	109	109	108	105	104	104
Shares Outstanding (Diluted)	109	109	108	105	104	104
Shares Change	0.07%	1.21%	2.98%	1.20%	-0.48%	23.13%
EPS (Basic)	0.32	0.58	0.45	1.12	0.60	0.55
EPS (Diluted)	0.32	0.58	0.45	1.12	0.60	0.55
EPS Growth	-27.86%	28.82%	-59.31%	85.90%	9.85%	-14.46%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	98.19	18.1	-60.97	0.87	-68.91	-32.85
Free Cash Flow Per Share	0.90	0.17	-0.56	0.01	-0.66	-0.32
Dividend Per Share	0.231	0.231	0.308	0.462	0.285	0.173
Dividend Growth	-24.99%	-24.99%	-33.33%	62.16%	64.41%	12.55%
Gross Margin	44.61%	40.27%	43.53%	51.83%	49.52%	51.43%
Operating Margin	6.46%	6.69%	5.97%	18.51%	4.55%	10.68%
Profit Margin	6.66%	12.47%	10.26%	22.13%	16.59%	22.99%
Free Cash Flow Margin	18.50%	3.53%	-12.75%	0.16%	-18.37%	-13.27%
EBITDA	53.37	50.85	41.72	109.93	25.89	32.11
EBITDA Margin	10.05%	9.92%	8.72%	20.78%	6.90%	12.97%
D&A For EBITDA	19.07	16.54	13.15	12.01	8.83	5.67
EBIT	34.29	34.31	28.56	97.92	17.06	26.44
EBIT Margin	6.46%	6.69%	5.97%	18.51%	4.55%	10.68%
Effective Tax Rate	-	-	-	7.34%	2.87%	5.33%
Revenue as Reported	512.6	512.6	478.27	528.95	375.14	247.52
Advertising Expenses	-	4.08	5.19	3.12	1.49	1.88

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

Data Sources Report a data error