Hangzhou Kelin Electric Co., Ltd. (SHA:688611)

Hangzhou Kelin Electric Balance Sheet

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

Assets

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
Cash & Equivalents	96.05	244.68	264.79	286.14	345.69	242.53
Short-Term Investments	-	-	-	188.65	-	-
Trading Asset Securities	-	-	-	-	2	200
Cash & Short-Term Investments	96.05	244.68	264.79	474.79	347.69	442.53
Cash Growth	-49.96%	-7.60%	-44.23%	36.55%	-21.43%	72.32%
Accounts Receivable	88.51	93.72	184.54	132.29	156.14	145.84
Other Receivables	2.79	2.8	1.46	2.21	3.57	4.62
Receivables	91.3	96.52	186.01	134.49	159.7	150.46
Inventory	56.86	55.53	65.27	64.42	59.11	51.52
Other Current Assets	42.08	35.88	26.53	9.75	3.7	2.7
Total Current Assets	286.29	432.6	542.6	683.45	570.2	647.21
Property, Plant & Equipment	549.89	565.34	504.71	147.03	102.94	67.55
Long-Term Investments	131.57	10	-	-	181.87	175.09
Other Intangible Assets	84.28	85.66	88.27	90.27	18.48	18.43
Long-Term Accounts Receivable	-	8.35	-	-	-	-
Long-Term Deferred Tax Assets	15.07	13.66	9.1	5.15	4.08	4.81
Long-Term Deferred Charges	7.34	8.19	-	-	0.12	1.53
Other Long-Term Assets	106.43	26.31	0.65	13.7	-	-
Total Assets	1,181	1,150	1,145	939.6	877.7	914.62

Liabilities

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
Accounts Payable	88.07	112.74	151.07	28.57	19.47	25.18
Accrued Expenses	9.1	15.58	13.95	17.8	22.36	23.62
Short-Term Debt	38	27.03	35	23.98	-	-
Current Portion of Long-Term Debt	2.5	4.85	-	-	-	-
Current Portion of Leases	-	0.07	0.93	1.09	0.99	0.73
Current Income Taxes Payable	2.84	1.27	9.05	1.06	7.05	10.96
Current Unearned Revenue	42.33	47.94	21.27	13.71	4.08	4.27
Other Current Liabilities	9.13	6.84	2.62	4.56	5.62	8.17
Total Current Liabilities	191.96	216.33	233.89	90.79	59.56	72.92
Long-Term Debt	129.99	58.2	1	-	-	-
Long-Term Leases	0.07	0.07	-	0.53	0.94	1.49
Long-Term Unearned Revenue	14.4	9.81	6.53	2.89	-	-
Long-Term Deferred Tax Liabilities	-	-	-	0.82	0.52	0.76
Other Long-Term Liabilities	0.61	-	3.04	1.22	1.71	2
Total Liabilities	337.04	284.42	244.47	96.26	62.74	77.18

Shareholders' Equity

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
Common Stock	153.39	153.39	109.56	78.26	55.9	55.9
Additional Paid-In Capital	295.75	295.75	340.62	376.99	398.66	394.29
Retained Earnings	394.74	416.55	441.51	388.03	360.39	387.26
Total Common Equity	843.87	865.69	891.7	843.29	814.96	837.44
Minority Interest	-0.05	-	9.18	0.06	-	-
Shareholders' Equity	843.82	865.69	900.87	843.34	814.96	837.44
Total Liabilities & Equity	1,181	1,150	1,145	939.6	877.7	914.62

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
Total Debt	170.56	90.23	36.93	25.6	1.93	2.22
Net Cash (Debt)	-74.51	154.45	227.86	449.18	345.77	440.31
Net Cash Growth	-	-32.22%	-49.27%	29.91%	-21.47%	71.46%
Net Cash Per Share	-0.48	1.01	1.50	2.92	2.26	3.13
Filing Date Shares Outstanding	161.28	153.39	153.39	153.39	153.39	153.39
Total Common Shares Outstanding	161.28	153.39	153.39	153.39	153.39	153.39
Working Capital	94.33	216.27	308.71	592.66	510.64	574.29
Book Value Per Share	5.23	5.64	5.81	5.50	5.31	5.46
Tangible Book Value	759.59	780.03	803.42	753.02	796.47	819.01
Tangible Book Value Per Share	4.71	5.09	5.24	4.91	5.19	5.34
Buildings	-	287.24	31.8	33.39	31.8	31.8
Machinery	-	328.09	39.21	35.98	26.34	23.3
Construction In Progress	-	-	465.6	102.87	64.74	27.76

Data Source: S&P Global Market Intelligence Last updated: Aug 28, 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:

Sep 13, 2026

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