分红方面，杭州柯林A股上市后累计派现1.45亿元。近三年，累计派现6104.28万元。 11月21日，杭州柯林跌3.04%，成交额6799.13万元。两融数据显示，当日杭州柯林获融资买入额 1149.42万元，融资偿还1032.65万元，融资净买入116.77万元。截至11月21日，杭州柯林融资融券余额 合计4.01亿元。 责任编辑：小浪快报 融资方面，杭州柯林当日融资买入1149.42万元。当前融资余额4.01亿元，占流通市值的6.17%，融资余 额超过近一年90%分位水平，处于高位。 资料显示，杭州柯林电气股份有限公司位于浙江省杭州市北软路1003号，成立日期2002年12月12日，上 市日期2021年4月12日，公司主营业务涉及电气设备健康状态智能感知与诊断预警装置的研发、生产和 销售,并提供电力相关技术服务。主营业务收入构成为：电网数字化智能感知产品60.42%，高性能钙钛 矿电池21.74%，电力相关技术服务11.49%，电站运营6.27%，其他(补充)0.08%。 截至9月30日，杭州柯林股东户数4569.00，较上期增加7.25%；人均流通股33571股，较上期减少 6.76%。2025年1月- ...

Core Viewpoint - Hangzhou Kelin is a leading enterprise in the field of intelligent perception and diagnostic warning of electrical equipment in China, with a strong technical foundation and advantages across the entire industry chain [1] Group 1: Business Performance - In Q3 2025, Hangzhou Kelin's revenue was 138 million yuan, ranking 26th among 28 companies in the industry [2] - The company's main business composition includes: digital intelligent perception products (71.19 million yuan, 60.42%), high-performance perovskite batteries (25.61 million yuan, 21.74%), power-related technical services (13.53 million yuan, 11.49%), and power station operations (7.39 million yuan, 6.27%) [2] - The net profit for the same period was 380,300 yuan, ranking 23rd in the industry [2] Group 2: Financial Ratios - As of Q3 2025, Hangzhou Kelin's debt-to-asset ratio was 19.38%, an increase from 15.31% year-on-year, and lower than the industry average of 40.35% [3] - The gross profit margin for Q3 2025 was 51.35%, up from 38.29% year-on-year, and higher than the industry average of 31.57% [3] Group 3: Leadership and Shareholder Information - The chairman and actual controller of Hangzhou Kelin is Xie Dong, who has a stable salary of 950,000 yuan for 2024, unchanged from 2023 [4] - As of September 30, 2025, the number of A-share shareholders increased by 7.25% to 4,569, while the average number of circulating A-shares held per household decreased by 6.76% to 33,600 [5]

Group 1 - The core viewpoint of the news is that Hangzhou Kelin Electric Co., Ltd. has seen a stock price increase of 5.14%, reaching 39.67 CNY per share, with a total market capitalization of 6.085 billion CNY [1] - Hangzhou Kelin Electric, established on December 12, 2002, specializes in the research, production, and sales of intelligent perception and diagnostic warning devices for electrical equipment, along with providing related technical services [1] - The company's main business revenue composition includes: 60.42% from digital intelligent perception products for the power grid, 21.74% from high-performance perovskite batteries, 11.49% from power-related technical services, 6.27% from power station operations, and 0.08% from other sources [1] Group 2 - From the perspective of fund holdings, Jin Yuan Shun An Fund has a significant position in Hangzhou Kelin, with its Growth Dynamic Flexible Allocation Mixed Fund (620002) increasing its holdings by 5,510 shares, totaling 19,300 shares, which accounts for 2.98% of the fund's net value [2] - The Growth Dynamic Flexible Allocation Mixed Fund (620002) has achieved a return of 23% this year, ranking 3,758 out of 8,159 in its category, and a one-year return of 24.58%, ranking 3,097 out of 8,030 [2]

Group 1 - The core viewpoint of the news is that Hangzhou Kelin Electric Co., Ltd. has seen a stock price increase of 5.4% to 40.97 CNY per share, with a total market capitalization of 6.284 billion CNY as of the report date [1] - The company, established on December 12, 2002, specializes in the research, production, and sales of intelligent sensing and diagnostic warning devices for electrical equipment, along with providing related technical services [1] - The main revenue composition of the company includes: 60.42% from digital intelligent sensing products for the power grid, 21.74% from high-performance perovskite batteries, 11.49% from power-related technical services, 6.27% from power station operations, and 0.08% from other sources [1] Group 2 - From the perspective of fund holdings, Jin Yuan Shun An Fund has a significant position in Hangzhou Kelin, with its Growth Dynamic Flexible Allocation Mixed Fund (620002) increasing its holdings by 5,510 shares, totaling 19,300 shares, which represents 2.98% of the fund's net value [2] - The fund has achieved a year-to-date return of 24.77%, ranking 3,469 out of 8,174 in its category, and a one-year return of 58.62%, ranking 2,339 out of 7,982 [2] - The fund manager, Kong Xiangpeng, has been in charge for 8 years and 83 days, with a total asset size of 131 million CNY, while the co-manager, Han Chenyang, has been managing 788 million CNY for 2 years and 201 days [3]

Group 1 - The core viewpoint of the news is that Hangzhou Kelin Electric Co., Ltd. has seen a stock price increase of 5.4% to 40.97 CNY per share, with a total market capitalization of 6.284 billion CNY as of September 16 [1] - The company, established on December 12, 2002, specializes in the research, production, and sales of intelligent sensing and diagnostic warning devices for electrical equipment, along with providing related technical services [1] - The revenue composition of the company includes: 60.42% from digital intelligent sensing products for the power grid, 21.74% from high-performance perovskite batteries, 11.49% from power-related technical services, 6.27% from power station operations, and 0.08% from other sources [1] Group 2 - From the perspective of fund holdings, one fund under Wanjia Fund has a significant position in Hangzhou Kelin, with the Wanjia New Energy Theme Mixed Fund A holding 40,100 shares, accounting for 5.37% of the fund's net value, ranking as the fifth-largest holding [2] - The Wanjia New Energy Theme Mixed Fund A was established on May 31, 2022, with a latest scale of 15.7417 million CNY, and has experienced a loss of 9.17% this year, ranking 1 out of 2 in its category [2] - The fund has incurred a loss of 16.07% over the past year and a cumulative loss of 34.84% since its inception [2]

Group 1 - The core viewpoint of the news is that Hangzhou Kelin Electric Co., Ltd. has shown a significant stock price increase and has a diverse revenue structure primarily focused on energy storage systems and digital grid products [1] - As of September 8, Hangzhou Kelin's stock price rose by 5.69% to 40.49 CNY per share, with a total market capitalization of 6.211 billion CNY [1] - The company's main business revenue composition includes energy storage systems (70.26%), digital grid sensing products (20.83%), power-related technical services (7.53%), power station operation (1.23%), and others (0.14%) [1] Group 2 - Jin Yuan Shun An Fund has a significant holding in Hangzhou Kelin, with its fund increasing its position by 5,510 shares, bringing the total to 19,300 shares, which represents 2.98% of the fund's net value [2] - The Jin Yuan Shun An Growth Dynamic Flexible Allocation Mixed Fund (620002) has achieved a year-to-date return of 21.46% and a one-year return of 49.82% [2] - The fund's current total asset size is 21.1215 million CNY, ranking 3,529 out of 8,248 in its category for year-to-date performance [2]

Group 1 - The core viewpoint of the news is that Hangzhou Kelin Electric Co., Ltd. has seen a stock price increase of 5.03%, reaching 42.21 yuan per share, with a total market capitalization of 6.475 billion yuan [1] - The company specializes in the research, production, and sales of intelligent perception and diagnostic warning devices for the health status of electrical equipment, along with providing related technical services [1] - The revenue composition of the company includes 70.26% from energy storage systems, 20.83% from digital intelligent sensing products for the power grid, 7.53% from power-related technical services, 1.23% from power station operations, and 0.14% from other sources [1] Group 2 - From the perspective of fund holdings, one fund under Wanjia Fund has a significant position in Hangzhou Kelin, with 40,100 shares held, accounting for 5.37% of the fund's net value, making it the fifth-largest holding [2] - The Wanjia New Energy Theme Mixed Fund A (015796) has a current scale of 15.7417 million, and it has experienced a loss of 9.17% this year, ranking 1 out of 2 in its category [2] - Since its inception, the Wanjia New Energy Theme Mixed Fund A has incurred a loss of 34.84% [2]

Financial Performance - The company reported total revenue of 118 million yuan for the first half of 2025, a decrease of 51.49% year-on-year [1] - The net profit attributable to shareholders was 17.86 million yuan, down 44.31% compared to the previous year [1] - The gross profit margin improved to 53.99%, an increase of 52.09% year-on-year, while the net profit margin rose to 14.97%, up 14.47% [1] - Total expenses (selling, administrative, and financial) accounted for 17.72% of total revenue, an increase of 85.39% year-on-year [1] - Earnings per share decreased to 0.12 yuan, down 42.86% year-on-year [1] Business Model and Strategy - The company operates in the new energy sector, focusing on digital intelligent sensing products for power grids, energy storage systems, and perovskite photovoltaic components [3][4] - The company aims to become a leading provider of comprehensive solutions covering the entire energy chain, including generation, grid, load, and storage, in response to national carbon neutrality goals [4] - The company’s return on invested capital (ROIC) was 7.82% last year, indicating average capital returns, with a historical median ROIC of 26% since its listing [2] Market Position and Outlook - The company is positioned to capitalize on the trends of new energy development and smart grid transformation, aiming to strengthen its competitive advantage in intelligent monitoring products and services [4] - The company has seen a significant increase in cash reserves, with monetary funds rising by 186.15% year-on-year to 192 million yuan [1] - The accounts receivable to profit ratio reached 188.48%, indicating a need for close monitoring of accounts receivable [2]

Core Insights - Hangzhou Kelin's stock price decreased by 0.74% on August 26, with a trading volume of 66.8584 million yuan [1] - The company reported a financing buy-in of 6.6494 million yuan and a financing repayment of 6.9197 million yuan, resulting in a net financing outflow of 0.2703 million yuan on the same day [1] - As of August 26, the total margin balance for Hangzhou Kelin was 246 million yuan, representing 4.00% of its market capitalization, which is above the 90th percentile of the past year [1] Financing and Margin Data - On August 26, Hangzhou Kelin had a financing buy-in of 6.6494 million yuan, with a current financing balance of 246 million yuan [1] - The margin balance is at a high level, exceeding the 90th percentile of the past year [1] - No shares were sold or repaid in the securities lending market on August 26, indicating a lack of activity in this area [1] Company Overview - Hangzhou Kelin Electric Co., Ltd. was established on December 12, 2002, and went public on April 12, 2021 [1] - The company's main business includes the research, production, and sales of intelligent sensing and diagnostic warning devices for electrical equipment, along with providing related technical services [1] - The revenue composition is as follows: energy storage systems 70.26%, digital intelligent sensing products for power grids 20.83%, power-related technical services 7.53%, power station operation 1.23%, and others 0.14% [1] Financial Performance - As of March 31, the number of shareholders for Hangzhou Kelin increased by 115.78% to 4,773, while the average circulating shares per person decreased by 53.66% to 22,954 shares [2] - For the period from January to March 2025, the company achieved a revenue of 34.1546 million yuan, representing a year-on-year growth of 8.67%, and a net profit attributable to shareholders of 4.7006 million yuan, up by 4.67% [2] Dividend and Shareholding Information - Since its A-share listing, Hangzhou Kelin has distributed a total of 145 million yuan in dividends, with 61.0428 million yuan distributed over the past three years [3] - As of March 31, 2025, the top ten circulating shareholders included major funds, with notable changes in holdings among them [3]

Group 1 - The stock price of Hangzhou Kelin closed at 38.96 yuan on August 6, 2025, down 1.32% from the previous trading day [1] - The trading volume on that day was 30,044 hands, with a transaction amount of 118 million yuan [1] - Hangzhou Kelin's main business includes the research and production of digital intelligent sensing products for power grids, energy storage systems, and perovskite photovoltaic components [1] Group 2 - On August 4, the company received multiple institutional research visits, revealing that its business layout primarily focuses on new power systems, involving smart grid transformation and renewable energy development [1] - On August 6, data showed a net outflow of 22.09 million yuan in main funds for Hangzhou Kelin, with a cumulative net outflow of 35.39 million yuan over the past five days [1]