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Chinese maker of load cells and weighing sensors used in industrial and commercial scales.
Chinese maker of load cells and weighing sensors used in industrial and commercial scales.
Sells load cells (the sensors inside a scale that turn weight into an electrical signal) in volume to scale and weighing-equipment makers, who build them into their own products, so orders follow those makers' output. Weighing modules and instruments for industrial users take it a step further up the chain.
In one line: A smaller, China-based weighing-sensor specialist.
Moat: narrow (process know-how, customer qualification). Precision-sensor manufacturing know-how and established OEM relationships.
Headquarters: Ningbo, China · Employees: 2,967
Size Keli Sensing Technology (Ningbo) (603662.SS) is a China Information Technology company (Electronic Equipment/Instruments) with a market value of $2.28B, the 1116th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥54.20 on 6 Nov 2026.
Performance Over six months the shares fell 3.6%, against -25.2% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 23.8% over the last twelve months (peer median +6.7%); the operating margin is 19.4% (peer median 6.7%).
Valuation It trades at 51.6× forward earnings against a peer median of 21.9× (4th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.1 points below its cost of capital (8.8% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.80B | CN¥1.55B | CN¥1.29B | CN¥1.06B | CN¥1.05B |
| Revenue growth | — | +20% | +22% | +1% | — |
| Gross profit | CN¥876M | CN¥667M | CN¥532M | CN¥435M | CN¥398M |
| EBITDA | n/a | CN¥370M | CN¥312M | CN¥293M | CN¥263M |
| Net income | CN¥319M | CN¥341M | CN¥261M | CN¥312M | CN¥260M |
| Free cash flow | CN¥409M | CN¥304M | CN¥85.6M | CN¥90.5M | -CN¥13.4M |
| Capital expenditure | CN¥81.9M | CN¥87.8M | CN¥97.2M | CN¥103M | CN¥215M |
| Total debt | CN¥859M | CN¥896M | CN¥901M | CN¥781M | CN¥744M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Keli Sensing Technology (Ningbo) 603662.SS | $2.28B | -4% | +24% | 19% | 51.6× | 24.7% |
| Mettler Toledo MTD | $34.5B | +53% | +7% | 28% | 33.9× | 20.3% |
| Vishay Precision VPG | $589M | -34% | +12% | 2% | 31.9× | 52.2% |
| Minebea Mitsumi 6479.T | $6.97B | -13% | +12% | 7% | 11.9× | 10.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 603662.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.9% | -11.3% | 3rd highest of 21 |
| 6-month return | -3.6% | -25.2% | 4th highest of 21 |
| Distance from 52-week high | -33.2% | -48.8% | 5th highest of 21 |
| Revenue growth (TTM) | +23.8% | +6.7% | 4th highest of 21 |
| Operating margin | 19.4% | 6.7% | 4th highest of 21 |
| Forward P/E | 51.6× | 21.9× | 4th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 24.7% | 14.6% | 3rd most demanding of 13 |
| Growth delivered (Del g) | +13.4% | +8.7% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | +11.2 pp | +2.9 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | -0.1 pp | -0.9 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Keli Sensing Technology (Ningbo) 603662.SS | China | $2.28B | -4% | +24% | 19% | 51.6× | 24.7% | +13.4% |
| Sineng Electric 300827.SZ | China | $2.35B | -25% | +29% | 12% | 24.7× | n/a | n/a |
| Vaisala VAIAS.HE | Finland | $2.54B | +22% | +2% | 16% | 26.9× | 9.7% | +9.5% |
| Dexerials 4980.T | Japan | $2.55B | -4% | +5% | 35% | 13.8× | 15.0% | +11.6% |
| ULVAC 6728.T | Japan | $2.01B | -34% | +7% | 7% | 15.5× | 14.1% | +8.0% |
| Suzhou HYC Technology 688001.SS | China | $2.59B | -31% | +19% | 6% | 61.1× | 37.6% | +5.9% |
| Shenzhen CSL Vacuum Science & Technology 688785.SS | China | $2.62B | -21% | -2% | 18% | n/a | n/a | n/a |
| Ningbo Sanxing Medical Electric 601567.SS | China | $2.66B | -37% | -11% | 3% | 15.8× | 4.8% | +15.1% |
| Diebold Nixdorf DBD | United States | $1.96B | -25% | +6% | 9% | 10.5× | -2.0% | -0.5% |
| Goodwe Technologies 688390.SS | China | $1.93B | -51% | +53% | 5% | 17.1× | 17.4% | +41.2% |
| Focuslight Technologies 688167.SS | China | $2.71B | -44% | +22% | -9% | 284.8× | n/a | n/a |
| Oxford Nanopore Technologies ONT.L | United Kingdom | $2.71B | +75% | +15% | -55% | n/a | n/a | n/a |
| Shenzhen Everbest Machinery Industry 002980.SZ | China | $1.90B | -16% | +64% | 23% | n/a | n/a | n/a |
| Anritsu 6754.T | Japan | $1.87B | -45% | +21% | 15% | 16.3× | 11.3% | +2.1% |
| Kehua Data 002335.SZ | China | $2.81B | -41% | +5% | 5% | 31.4× | 16.7% | +14.4% |
| GeniuS Electronic Optical 3406.TW | Taiwan | $2.81B | +59% | +16% | 20% | 20.1× | 5.9% | +9.5% |
| Shanghai Feilo Acoustics 600651.SS | China | $1.82B | -30% | -11% | -3% | n/a | n/a | n/a |
| Shenzhen Topband 002139.SZ | China | $1.81B | -8% | +9% | 3% | 37.7× | n/a | n/a |
| Beijing Aerospace Shenzhou Intelligent Equipment Technology 300455.SZ | China | $1.81B | -36% | -29% | -4% | n/a | n/a | n/a |
| Hanwei Electronics 300007.SZ | China | $1.79B | -15% | -3% | 2% | 65.2× | 40.9% | +4.6% |
| Oxford Instruments OXIG.L | United Kingdom | $1.79B | -16% | -15% | 15% | 21.9× | 20.1% | +5.8% |