July 28, 2016 7:37 PM ET

Electrical Equipment

Company Overview of China Keli Electric Company Ltd

Company Overview

China Keli Electric Company Ltd., through its subsidiaries, designs, develops, manufactures, markets, and installs electrical components and equipment in the People’s Republic of China. The company’s products include pre-assembled mini substations, electrical controllers, pressurized and vacuumed switchgears, and circuit breakers. Its products also comprise ring network cabinets; vacuum load, compressor load, high breaking, and intelligent modular and firewall switches, as well as outdoor columns; and box-type substations, terminal user automatic control equipment, and electric power equipment and components. The company was founded in 1995 and is based in Vancouver, Canada.

555 Burrard Street

Suite 900

Vancouver, BC 

Canada

Founded in 1995

Key Executives for China Keli Electric Company Ltd

Chief Executive Officer and Director
Age: 35
Total Annual Compensation: C$143.1K
Compensation as of Fiscal Year 2015.

China Keli Electric Company Ltd Key Developments

China Keli Electric Company Ltd, Special/Extraordinary Shareholders Meeting, Jul 25, 2016

China Keli Electric Company Ltd, Special/Extraordinary Shareholders Meeting, Jul 25, 2016. Location: Suite 1780, 400 Burrard Street Vancouver, B.C. V6C 3A6 Canada Agenda: To consider the amalgamation agreement with 1062560 B.C. Ltd.

China Keli Electric Co., Ltd. Announces Financial Results for the Three and Nine Months Ended January 31, 2016

China Keli Electric Co. Ltd. announced financial results for the three and nine months ended January 31, 2016. For the three months ended January 31, 2016, total revenue was $4,394,110, an increase of 60.6% over third quarter 2015 of $2,735,603, caused by the increase in revenue from products sales and installation services. As a result, the Company recorded a net loss of $1,280,287 in third quarter 2016, compared with a net loss of $1,027,645 in third quarter 2015. Basic and diluted loss per share were $0.014 in third quarter 2016, compared with $0.012 in third quarter 2015. EBITDA was $363,453, a decrease from $335,943 in third quarter 2015. For the nine months of fiscal year 2016, total revenue was $13,995,250, an increase of 22.3% over $11,447,319 for the equivalent nine months period in fiscal year 2015. The Company recorded a net loss of $1,525,622 in the nine months period of fiscal year 2016, compared to a loss of $498,616 in same period in fiscal year 2015.

China Keli Electric Company Ltd Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2015

China Keli Electric Company Ltd. reported earnings results for the second quarter and six months ended October 31, 2015. For the quarter, total revenue was $6,242,922, an increase of 64.6% over second quarter 2015 of $3,793,214, caused by the increase in revenue from products sales with lower gross margin. The company recorded a net loss of $21,338 compared with a net profit of $325,551 in second quarter 2015. EBITDA was $629,407, a decrease from $789,808 in second quarter 2015. After accounting for an unrealized foreign exchange translation loss of $84,806, the company reported total comprehensive loss of $106,144 in second quarter 2016, compared with total comprehensive income of $1,103,118 in second quarter 2015. For the six months, total revenue was $9,616,362, an increase of 11.3% over $8,638,926 for the equivalent six months period in fiscal 2015. The company recorded a net loss of $279,888 compared to a profit of $456,239 in same period in fiscal 2015. Comprehensive net income decreased 82.1% to $242,488 over the same period $1,357,681 in fiscal 2015.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 29, 2016
--
 

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