Results 2018: Outstanding Performance Despite Difficult Market Environment
Overview of FY 2018:
- Group sales reached more than 506m USD.
- Gross profit increased by 43%.
- R&D investment increased by 36%, amounted to 41.6m USD, which is 8.4% of the operating revenue.
In FY 2018, the sales of Kehua Hengsheng CO., LTD. achieved over 506m USD.
The critical power business remains the leading position in Asian and Chinese market. According to CCID UPS report 2019, Kehua has been the No.1 Chinese brand for 21 years. Based on IHS industrial UPS report, Kehua is the NO.1 provider in Asian market and NO.3 in the global market.
The growth rate of renewable energy business reached 22.7%, as a result of the development of energy storage products and progression in overseas market.
The Sales of cloud-base business achieved over 230m USD, which is more than double the sales of 2017. This results from the expansion of EPC business and further cooperation with Alibaba Group.
KEHUA has experience of 30 years in power conversion and protection industry and is the market leader for solar inverters in China. Specializing in Critical Power, Renewable Energy and Data Center, Kehua covers over 13.0% of the whole UPS market, Kehua is the No.1 UPS Brand in China for over 20 years. In 2018 Kehua was awarded as Global Top 500 Company in Renewable Energy Industry and its total solar system application has achieved over 12GW. Till now, Kehua has successfully constructed over 190,000m2 data center across the country.