Company Overview of China Keli Electric Company Ltd.
China Keli Electric Company Ltd., through its subsidiaries, manufactures and installs electrical components and equipment in the People’s Republic of China. Its products include pre-assembled mini substations, electrical controllers, pressurized and vacuumed switchgears, and circuit breakers. The company was founded in 1995 and is based in Vancouver, Canada.
555 Burrard Street
Vancouver, BC V7X 1MB
Founded in 1995
Key Executives for China Keli Electric Company Ltd.
China Keli Electric Company Ltd. does not have any Key Executives recorded.
China Keli Electric Company Ltd. Key Developments
China Keli Announces Board Changes
Feb 9 18
China Keli Electric Company Ltd. at its annual general meeting held on February 5, 2018, appointed each of Yan Zhang, Jian Wen Wu and George Dorin to the company's audit committee and
compensation & corporate governance committee, with Mr. Dorin serving as the chair of the audit committee, and Mr. Zhang serving as the chair of the compensation & corporate governance committee.
China Keli Electric Company Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended October 31, 2017
Jan 2 18
China Keli Electric Company Ltd. reported earnings results for the second quarter and six months ended October 31, 2017. For the three months ended October 31, 2017, the company’s total revenue was CAD 1,901,321, a decrease of 39.9% over the second quarter of 2017 of CAD 3,165,996, caused by the decrease in revenue from products sales. Although the total expenses decreased, the company still recorded a narrow downed net loss of CAD 350,273 in second quarter of 2018, compared with a net loss of CAD 708,685 in second quarter of 2017. The reduced loss resulted from higher gross margin along with the effective cost control of operating expenses which are expected to be continued. Basic and diluted loss per share was 0.004 cents compared with 0.008 cents in for the same period a year ago. EBITDA was CAD 88,519, a turnaround increase from negative CAD 186,310 in second quarter of 2017. The company reported total comprehensive loss of CAD 519,800, compared with total comprehensive loss of CAD 370,889 in second quarter of 2017. The company's unrealized foreign exchange income on translation of the company's functional currency to its reporting currency is subject to fluctuations in the exchange rate between the RMB and the Canadian dollar in each reporting period.
For the six months of FY2018, the company’s total revenue was CAD 7,390,998, an increase of 9.1% over CAD 6,772,263 for the equivalent six months period in FY2017. The Company recorded a net loss of CAD 394,019 in the first six months of fiscal year 2018, compared to a loss of CAD 1,405,099 in same period in FY2017, reduced 72.0%, was mainly attributed by increase revenue and gross margin, decrease in operating expenses especially in the reversal of inventory write-down. Comprehensive net loss narrow down to CAD 316,015 over the same period CAD 1,367,550 in fiscal year of 2017.
China Keli Electric Company Ltd., Annual General Meeting, Feb 05, 2018
Jan 2 18
China Keli Electric Company Ltd., Annual General Meeting, Feb 05, 2018, at 16:30 Pacific Standard Time. Location: 700 838 West Hastings Street Vancouver British Columbia Canada Agenda: To receive the audited financial statements of the company for the financial year ended April 30, 2017, together with the auditor's report on those financial statements; to set the number of directors of the company at five; to elect Sou Wa Wong, Lou Meng Cheong, Yan Zhang, Jian Wen Wu and George Dorin as directors of the company to serve until the close of the next annual general meeting of shareholders of the company or until their successors are elected or appointed; to appoint Kreston GTA LLP as the auditor of the company to serve until the next annual general meeting of the company, or until a successor is appointed, and to authorize the directors of the company to fix their remuneration; to consider, and, if deemed appropriate, to pass, an ordinary resolution re-approving the company's stock option plan, as described in the accompanying Information circular; and to transact such other business as may properly come before the Meeting or any adjournment or postponement thereof.
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