Analysis
Kehua 2024 Annual Results: #1 Chinese ESS PCS Shipper, But Margins Under Pressure
Kehua
📍 Xiamen, China · Est. 1988Listed · SZSE: 002335
11 research visits in the last 30 days
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 8.16B (+5%)
Revenue
3,903
Mga empleyado
53 GW cumulative
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 FY2025. Annual report available for download.
Mga pangunahing datos
RMB 8.16B (+5%)
Revenue
RMB 418M (+33%)
Net income
24.6%
Gross margin
RMB 482M
R&D spending
3,903
Mga empleyado
53 GW cumulative
ESS shipments
Source: FY2025 annual report
Mga independiyenteng pagsusuri
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Analysis
Kehua 2025 Annual Results: 53 GW Cumulative Storage, #1 Global PCS (>500kW)
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
16.2%
Renewable Electricity
3,134 t
CO2 Reduced
118,704 m²
Green Building Area
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.
