On April 24, Keda fell by 2.62%, with a transaction volume of 171 million yuan and a turnover rate of 1.39%. The company has a total market capitalization of 12.529 billion yuan.
Analysis of Market Movements
Keda is engaged in various sectors, including liquid-cooled servers, data centers, charging stations, photovoltaic concepts, and energy storage. The following points highlight recent developments:
- As of January 16, 2024, the company announced through Interactive Easy that its data center temperature control products now include liquid cooling technology and products. The company has successfully delivered projects for major data centers, including those for the Bank of China and Wudangshan Cloud Valley. Keda plans to increase its investment in liquid cooling temperature control and big data software and hardware technologies.
- On December 5, 2024, the company’s semi-annual report indicated that revenue from data center operations accounted for 65.12% of total revenue.
- Keda ranks among the top tier of domestic charging station companies, offering 120KW and 300KW high-power integrated four-gun flexible charging stations. The company operates an industry chain that includes charging, operation maintenance, data resource sharing, and services. Partnerships with Haima Auto and Xpeng Motors have facilitated product distribution to real estate suppliers such as Country Garden and Vanke. Revenue from charging station products accounts for 5.5% of total revenue.
- In its renewable energy offerings, Keda’s photovoltaic products include centralized and string photovoltaic inverters, which are widely applicable for photovoltaic power plants and distributed rooftop systems.
- According to a report on January 29, 2024, Keda’s energy storage system products consist of household and commercial solar storage integration machines, large-scale energy storage systems, and components. The energy storage systems mainly comprise energy storage battery modules, storage inverters, BMS, EMS, and other accessories.
Financial Analysis
Today, the main capital saw a net outflow of 23.2599 million yuan, representing 0.14% of the total. The industry ranked 21/29, and there is currently no consistent trend in capital influx or outflow. The net capital outflow for the industry amounts to 750 million yuan, also showing no significant trend.
Net Inflows Over Various Periods
- Today: -23.2599 million yuan
- Last 3 Days: -39.1032 million yuan
- Last 5 Days: -30.6903 million yuan
- Last 10 Days: -89.7317 million yuan
- Last 20 Days: -271 million yuan
The main capital is not in control of the stock, and the distribution of shares is very dispersed. The main transaction amount is 61.7376 million yuan, representing 9.88% of the total transaction volume.
Technical Analysis
The average trading cost of shares is 26.12 yuan. Although there has been a reduction in shares recently, the pace of reduction has slowed. The current stock price is close to the support level of 21.20 yuan. Investors should monitor this support level for potential rebounds; a break below this level may trigger a downward trend.
Company Overview
Keda Technology Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province. Founded on March 17, 1993, and listed on December 7, 2010, the company specializes in the research, development, production, sales, and support services of UPS systems and valve-regulated sealed lead-acid batteries. The breakdown of revenue sources is as follows:
- Smart power and data centers: 63.54%
- Solar storage products and systems: 33.14%
- Supporting products: 1.57%
- Renewable energy revenue: 0.88%
- Others: 0.86%
Keda operates within the Shenyin & Wanguo industry classification of Power Equipment – Other Power Equipment II – Other Power Equipment III, and is part of various concept sectors including new energy, CATL concepts, energy storage, margin financing, and heavy fund holdings.
As of March 20, there were 76,000 shareholders in Keda, a 2.70% increase from the previous period. The average number of tradable shares per person is 7,436, reflecting a 2.63% decrease from the last report.
From January to September 2024, Keda reported an operating income of 2.912 billion yuan, a 28.43% decrease year-on-year, with a net profit attributable to shareholders of 357 million yuan, down 48.41% year-on-year. On the dividend front, Keda has distributed a total of 1.41 billion yuan since its A-share listing, with 613 million yuan distributed over the last three years.
As of September 30, 2024, among Keda’s top ten circulating shareholders, Hong Kong Central Clearing Limited is the second-largest, holding 6.416 million shares, an increase of 2.4686 million shares compared to the previous period. The Southern CSI 500 ETF ranks as the fourth largest circulating shareholder with 4.6793 million shares, an increase of 1.7207 million shares. The Photovoltaic ETF holds 2.1851 million shares, showing a decrease of 226,400 shares, while Tianhong CSI Photovoltaic A holds 1.9875 million shares, down by 59,300 shares.
Risk Warning: The market carries risks, and investments should be approached with caution. The information provided in this article is for reference only and does not constitute personal investment advice.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/kostad-experiences-2-62-drop-amidst-171-million-yuan-trading-volume-and-negative-net-inflow-of-39-1-million-yuan/
