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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	499.49	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	505.54	512.6	478.27	528.95	375.14	247.52
Revenue Growth	12.65%	7.18%	-9.58%	41.00%	51.56%	52.34%
Cost of Revenue	286.58	306.17	270.08	254.8	189.36	120.22
Gross Profit	218.96	206.44	208.2	274.15	185.78	127.3
Selling, General & Admin	115.31	107.72	113.39	99.11	82.63	51.17
Research & Development	77.99	76.79	78.93	82.33	76.72	46.94
Other Operating Expenses	-22.63	-15.69	-14.82	-8.93	3.67	-3.33
Operating Expenses	173.98	172.12	179.63	176.23	168.72	100.86
Operating Income	44.98	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	9.16	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)	-6.06	0.22	1.03	-0.04	-0.24	-0.33
EBT Excluding Unusual Items	47.71	59.6	46.34	116.56	40.29	48.97
Gain (Loss) on Sale of Investments	1.82	1.75	0.92	-0.5	-1.45	-0.57
Gain (Loss) on Sale of Assets	0.08	0.03	-0.04	0.14	0.36	0.91
Asset Writedown	-3.17	-	-	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	47.53	62.47	47.3	125.17	62.64	59.95
Income Tax Expense	-0.49	-1.22	-0.78	9.19	1.8	3.2
Earnings From Continuing Operations	48.01	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	48.01	63.95	49.05	117.07	62.22	56.92
Net Income to Common	48.01	63.95	49.05	117.07	62.22	56.92
Net Income Growth	25.69%	30.38%	-58.10%	88.14%	9.33%	5.33%
Shares Outstanding (Basic)	110	109	108	105	104	104
Shares Outstanding (Diluted)	110	109	108	105	104	104
Shares Change	2.45%	1.21%	2.98%	1.20%	-0.48%	23.13%
EPS (Basic)	0.44	0.58	0.45	1.12	0.60	0.55
EPS (Diluted)	0.44	0.58	0.45	1.12	0.60	0.55
EPS Growth	22.69%	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	26.39	18.1	-60.97	0.87	-68.91	-32.85
Free Cash Flow Per Share	0.24	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	43.31%	40.27%	43.53%	51.83%	49.52%	51.43%
Operating Margin	8.90%	6.69%	5.97%	18.51%	4.55%	10.68%
Profit Margin	9.50%	12.47%	10.26%	22.13%	16.59%	22.99%
Free Cash Flow Margin	5.22%	3.53%	-12.75%	0.16%	-18.37%	-13.27%
EBITDA	63.46	50.85	41.72	109.93	25.89	32.11
EBITDA Margin	12.55%	9.92%	8.72%	20.78%	6.90%	12.97%
D&A For EBITDA	18.48	16.54	13.15	12.01	8.83	5.67
EBIT	44.98	34.31	28.56	97.92	17.06	26.44
EBIT Margin	8.90%	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: Jun 30, 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:

Aug 25, 2026

Data Sources Report a data error