Analysis
Kehua 2024 Annual Results: #1 Chinese ESS PCS Shipper, But Margins Under Pressure
Kehua
📍 Xiamen, China · Est. 1988Listed · SZSE: 002335
Pangkalahatang-tanaw
Kehua Tech Co., Ltd., founded in 1988 and headquartered in Xiamen, China, is ranked as the world's fourth-largest power conversion system supplier by S&P Global. The company specializes in energy storage inverters and PCS ranging from 100 kW to over 1 MW. Kehua manufactures at its facilities in China.
Sa isang sulyap
RMB 7.76B (~US$1.08B)
Revenue
4,250
Mga empleyado
30 GW / 12 GWh
ESS shipments
Mga Produkto
Kehua offers 12 BESS products across 3 categories: PCS, PCS + MV Skid, DC Block. 12 products have detailed specifications available.
PCS
PCS + MV Skid
DC Block
Global presence
Kehua is headquartered in Xiamen, China with manufacturing in China (Xiamen, Jiaomei, Zhangzhou, Xiang'an, Foshan), Malaysia. 10 known facilities worldwide.
HQ
Manufacturing
Sales
Service Center
Mga pasilidad
Head office
Xiamen, Fujian, China
Manufacturing
Jiaomei, Zhangzhou, Fujian, ChinaZhangzhou, Fujian, ChinaXiang'an, Xiamen, Fujian, ChinaFoshan, Guangdong, ChinaMalaysia
Sales
Jakarta, IndonesiaSorocaba, BrazilSeoul, South Korea
Service center
Warsaw, Poland
Financial data at mga ulat
Kehua is publicly listed (SZSE: 002335). Key figures from FY2024. Annual report available for download.
Mga pangunahing datos
RMB 7.76B (~US$1.08B)
Revenue
RMB 315M (~US$43.8M)
Net income
25.2%
Gross margin
RMB 505M (~US$65.0M)
R&D spending
4,250
Mga empleyado
30 GW / 12 GWh
ESS shipments
Source: FY2024 annual report
Mga independiyenteng pagsusuri
›
Stock performance
Sustainability
Kehua publishes an ESG report covering environmental, social, and governance practices. Key metrics from 2024.
Mga pangunahing ESG datos
79,019 kg
Waste recycled
2,310
Mga patent
2,086
R&D staff
0
Work-related na pagkamatay
Source: 2024 ESG report
Mga Certification at compliance
Kehua holds 4 certifications covering quality management, environmental standards, and safety compliance.
Mga reference project at case study
Selected BESS projects officially disclosed by Kehua. 17 documented projects with case studies available for download.
