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February 06, 2016 9:05 AM 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: 34
Total Annual Compensation: $143.1K
Compensation as of Fiscal Year 2015.

China Keli Electric Company Ltd Key Developments

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.

China Keli Electric Company Ltd, Annual General Meeting, Dec 02, 2015

China Keli Electric Company Ltd, Annual General Meeting, Dec 02, 2015., at 18:00 Pacific Standard Time. Location: Clark Wilson LLP. Agenda: To receive the audited financial statements of the company for the financial year ended April 30, 2015, together with the auditors' report on those financial statements; to set the number of directors of the company at seven; to elect Sou Wa Wong, Lou Meng Cheong, Jian Wen Wu, Yan Zhang, Michael Raymont, George Dorin and Felicia Xu as directors of the company to serve until the close of the next annual meeting of shareholders of the company or until their successors are elected or appointed; to appoint MNP LLP as the auditors of the company for the financial year ending April 30, 2016; to authorize the directors of the company to fix the remuneration to be paid to the auditors for the financial year ending April 30, 2016; and to transact such other business as may properly come before the Meeting or any adjournment or postponement thereof.

China Keli Electric Co., Ltd. Announces Earnings Results for the First Quarter Ended July 31, 2015

China Keli Electric Co. Ltd. announced the earnings results for the first quarter ended July 31, 2015. For the quarter, total revenue was CAD 3,381,208, a decrease of 30.2% over first quarter 2015 of CAD 4,845,712, caused by the decrease in revenue from products sales. The company recorded net loss of CAD 246,748 compared with net profit of CAD 130,688 in first quarter 2015. Basic and diluted earnings per share were CAD 0.003 compared with CAD 0.001 in first quarter 2015. EBITDA was CAD 323,794 in, a decrease from CAD 676,940 in first quarter 2015.

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