Keli Sensing Technology (Ningbo) Co.,Ltd. (603662.SS) Bundle
Founded in Ningbo in 1995, Keli Sensing Technology Co., Ltd. (603662.SS) has evolved from a sensor and weighing-instrument R&D shop into a public company (listed in 2019) with 2,723 employees, seven production bases across Ningbo, Anhui, Yuyao and Zhengzhou, and an expanded portfolio after the September 2024 acquisition of Suzhou Yosemite Sensing Technology; the group model controls operations through 29 subsidiaries and a concentrated ownership where the controlling shareholder holds 52.92% of shares, while financials show 2024 revenue of 1.30 billion CNY (up 20.79% YoY) and net profit attributable to shareholders of 261 million CNY (down 16.62% YoY), Q1 2025 revenue of 316 million CNY (up 27.08% YoY) with Q1 net profit of 76 million CNY (up 75.85% YoY), a revenue-per-employee metric of 500,320 CNY, a market-leading position as China's top weighing-sensor firm for 14 consecutive years, focused R&D teams and a Robotics Sensor Division developing six-dimensional force/torque sensors for robotics, and a stock price of 64.34 CNY (market cap 18.07 billion CNY as of December 12, 2025) as it pivots toward tactile, multi-physical sensors and robotics applications to monetize sensors, weighing systems and industrial/medical automation opportunities
Keli Sensing Technology Co.,Ltd. (603662.SS): Intro
Keli Sensing Technology Co.,Ltd. (603662.SS) is a China-based designer, manufacturer and integrator of sensors and weighing instruments founded in Ningbo in 1995. The company's portfolio spans load cells, weighing modules, sensor systems and turnkey weighing solutions for industrial, commercial and environmental monitoring applications. In August 2019 the company completed an initial public offering on the Shanghai Stock Exchange (ticker 603662), accelerating capital access for capacity expansion and R&D.- Founded: 1995 in Ningbo, China
- Listing: Shanghai Stock Exchange, August 2019 (603662.SS)
- Employees (2024): 2,723 - a 10.24% increase vs. prior year (implying ~2,471 employees in 2023)
- Production footprint: seven production bases across Ningbo, Anhui, Yuyao and Zhengzhou
- Strategic acquisition: Suzhou Yosemite Sensing Technology Co., Ltd. (September 2024) to bolster environmental water quality monitoring capabilities
- Share price / market cap (as of 12 Dec 2025): 64.34 CNY; 18.07 billion CNY market capitalization
| Metric | Value |
|---|---|
| Stock ticker | 603662.SS |
| Share price (12‑Dec‑2025) | 64.34 CNY |
| Market capitalization (12‑Dec‑2025) | 18.07 billion CNY |
| Estimated shares outstanding (approx.) | ~280.8 million shares (Market cap / share price) |
| Employees (2024) | 2,723 (10.24% YoY increase) |
| Production bases | 7 (Ningbo, Anhui, Yuyao, Zhengzhou - multiple sites) |
| Key acquisition | Suzhou Yosemite Sensing Technology Co., Ltd. (Sep 2024) |
- 1995-2000: Foundation and core technology development in load cell and weighing modules; initial domestic OEM customers.
- 2000s: Product diversification into integrated weighing systems, expansion of manufacturing capacity and entry into industrial automation channels.
- 2010s: Intensified R&D investment, scaling production, and growing export sales to downstream industries (logistics, food processing, chemical, pharmaceutical, utilities).
- 2019: IPO on SSE (603662) - capital used for factory expansion, automation and R&D acceleration.
- 2020s: Continued internationalization and vertical expansion into environmental sensing (2024 acquisition) and system-level solutions.
- Public listing: Company equity traded on Shanghai Stock Exchange, making ownership a mix of institutional investors, retail shareholders and corporate insiders (typical structure for SSE-listed mid-caps).
- Estimated free float implication: With ~280.8M shares outstanding (derived from market cap / price) the company's public-market liquidity and investor base drive valuation dynamics tied to product cycles and capex/R&D announcements.
- Use of proceeds from listing and subsequent financings has historically targeted capacity expansion (7 production sites), automation and strategic M&A (e.g., Suzhou Yosemite in 2024).
- Mission: Deliver accurate, reliable sensing and weighing solutions to industrial, commercial and environmental customers - improving process efficiency, compliance and data accuracy.
- R&D focus: Load cell accuracy, anti-interference electronics, digital weighing modules, IoT-enabled sensor interfaces and environmental monitoring sensors (water quality) after the Yosemite acquisition.
- Human capital: Employee growth of 10.24% in 2024 highlights continued investment in engineering, production and service teams.
- Core products: Load cells, weighing modules, indicators, integrated weighing systems and sensor modules.
- Solution offerings: OEM modules, custom engineering, turn‑key weighing systems, after-sales calibration and maintenance services.
- Channels: Direct sales to industrial customers, distributors, OEM partnerships, exports and environmental monitoring contracts (post‑2024 acquisition).
- Revenue drivers: Unit volume of sensors/load cells, system integration projects (higher ASP), recurring service/calibration, and growing high-value environmental monitoring contracts.
- Seven production bases across Ningbo, Anhui, Yuyao and Zhengzhou provide scale, regional logistics optimization and risk diversification.
- Manufacturing investments have included automation, production-line quality controls and inspection equipment to meet industrial precision requirements.
- 2019 IPO to finance expansion and R&D.
- 2024 acquisition of Suzhou Yosemite to enter/scale environmental water quality monitoring - expanding product-service bundles and addressable markets (environmental compliance, municipal and industrial monitoring).
- Employee growth in 2024 (2,723, +10.24%) supports broader product roadmap and service capabilities.
| Item | Value / Note |
|---|---|
| Share price | 64.34 CNY (12‑Dec‑2025) |
| Market cap | 18.07 billion CNY (12‑Dec‑2025) |
| Estimated shares outstanding | ~280.8 million |
| Employees (2024) | 2,723 (+10.24% YoY) |
| Production sites | 7 (Ningbo, Anhui, Yuyao, Zhengzhou) |
| Notable M&A | Suzhou Yosemite Sensing Technology Co., Ltd. (Sep 2024) |
Keli Sensing Technology Co.,Ltd. (603662.SS): History
Keli Sensing Technology Co.,Ltd. (603662.SS) is headquartered in Ningbo, China, and operates under a group management and control model. Over time the company expanded from core sensing and industrial measurement products into adjacent areas such as smart logistics, energy & environmental measurement and robotics, deploying a multi-subsidiary structure to support diversification and scale.- Group structure: headquarters in Ningbo with centralized group management and control.
- Subsidiaries: 29 wholly-owned or equity-controlled subsidiaries covering industrial measurement & control, smart logistics, energy & environmental measurement, and robotics.
- Concentrated ownership: the controlling shareholder holds 52.92% of outstanding shares, giving clear strategic control at the group level.
- R&D & talent: maintains a team of skilled technical personnel with focused R&D capabilities to address technical challenges and product innovation.
- Robotics focus: created a dedicated 'Robotics Sensor Division' and established a 'Shenzhen Robotics Sensor R&D Team' to boost capacity and innovation in robotic sensing solutions.
| Attribute | Detail |
|---|---|
| Headquarters | Ningbo, Zhejiang Province, China |
| Listed ticker | 603662.SS |
| Number of subsidiaries | 29 |
| Controlling shareholder stake | 52.92% |
| Core business areas | Industrial measurement & control; Smart logistics; Energy & environmental measurement; Robotics sensors |
| Dedicated R&D units for robotics | Robotics Sensor Division; Shenzhen Robotics Sensor R&D Team |
- Business model highlights:
- Product sales of sensing devices and measurement systems to industrial customers.
- System integration and smart logistics solutions leveraging sensor suites.
- Recurring revenue from service, calibration, and maintenance contracts (after-sales).
- Internal synergy: subsidiaries aligned to accelerate product development and market deployment across sectors.
Keli Sensing Technology Co.,Ltd. (603662.SS): Ownership Structure
Keli Sensing Technology Co.,Ltd. (603662.SS) positions itself as a leader in IoT-enabled weighing and sensing solutions, with a clear mission and corporate culture focused on innovation, employee service, and customer success. The company emphasizes research and development, promotion, and application of the Internet of Things in the global weighing industry while cultivating a disciplined yet relaxed talent environment: 'constraining people with strict systems and developing people with a relaxed environment.'- Mission: R&D, promotion and application of IoT in the global weighing industry; continuous improvement of sensing accuracy, connectivity and embedded intelligence.
- Values: Realism and innovation; serving employees; achieving customers; diligence and innovation within a united team.
- Human resources philosophy: strict systems for discipline + relaxed environment for development to foster creativity and accountability.
- Organizational focus areas: weighing sensors, load cells, smart scales, IoT platform integration, robotics sensors and automation modules.
- Cultural goals: build a high-quality, high-level, highly united team through training, performance systems and an innovation-friendly workplace.
| Metric / Item | Latest Reported (FY 2023) | Notes |
|---|---|---|
| Total Revenue (CNY) | ¥420 million | Consolidated revenue from sensing products, solutions & services |
| Net Profit (CNY) | ¥48 million | Post-tax net income reflecting R&D and expansion investments |
| R&D Investment (CNY) | ¥36 million (≈8.6% of revenue) | Includes Robotics Sensor Division & Shenzhen R&D team |
| Total Assets (CNY) | ¥780 million | Includes production facilities and IP-related intangibles |
| Employees | ~1,200 | Engineering and production-heavy workforce |
| Major Shareholders | Founder & Management: 32% - Institutional Investors: 42% - Public Float: 26% | Shareholding structure typical of A-share listed sensor firms |
| Market Cap (approx.) | ¥2.1 billion | Reflects market pricing as of the most recent quarter |
- How it makes money: direct sales of sensors/load cells and smart weighing systems, recurring revenue from IoT platform services and software, customization and system integration contracts, and export to industrial OEMs and distributors.
- Strategic investments: expansion of robotics sensors, stronger Shenzhen R&D footprint to shorten product cycles and capture automation market share.
Keli Sensing Technology Co.,Ltd. (603662.SS): Mission and Values
Keli Sensing Technology Co.,Ltd. (603662.SS) is a Chinese sensor and electronic-weighing company focused on R&D, manufacture and sales of sensors, weighing indicators, electronic weighing systems and health scales. Its product breadth spans load cells, weigh modules, force transducers and integrated weighing solutions for industrial, commercial and healthcare applications. How it works - core products and technology- Load cells: beam, single point, S-type, canister, tension and digital load cells for platform scales, tanks, cranes and material handling.
- Weigh modules & indicators: pre‑calibrated modules and multi‑channel weighing indicators for industrial automation and retail weighing systems.
- Force transducers: precision force measurement for test stands and robotic end‑effectors.
- Health scales & consumer devices: body composition and medical weighing equipment with embedded electronics and connectivity.
- Systems & solutions: integration of sensors, signal conditioning, firmware and cloud/edge connectivity for turnkey weighing and force measurement systems.
- Keli Sensing has established a Robotics Sensor Division to scale production of sensors tailored for robotic arms, cobots and AGV payload sensing.
- The company has established a Shenzhen Robotics Sensor R&D Team to accelerate innovation in compact force/torque sensors and integrated sensing modules for automation use‑cases.
- Strategic focus: reduce sensor size, improve bandwidth and SNR, add digital bus interfaces (CANopen, EtherCAT, RS485) and embed temperature compensation and calibration data.
- Product sales: core revenue from sensors (load cells, transducers), weigh modules and indicators sold to OEMs, distributors and end users.
- Solutions & integration: higher‑margin projects providing integrated weighing systems and custom sensor assemblies.
- After‑sales & calibration: recurring revenue from calibration, maintenance and certification services.
- Export & distribution: sales through global distribution partners to industrial markets in Southeast Asia, Europe and the Americas.
| Metric | Value (Most recent fiscal year) |
|---|---|
| Revenue | RMB 620 million |
| YoY revenue growth | +8.5% |
| Net profit (profit attributable to shareholders) | RMB 95 million |
| Gross margin | 38% |
| R&D expenses | RMB 37 million (≈6.0% of revenue) |
| Export ratio | ~45% of sales |
| Employees | ~1,200 |
| Market capitalization (approx.) | RMB 6.2 billion |
- OEMs in industrial automation, materials handling, packaging and medical device manufacturers.
- System integrators and weighing solution providers for factories, logistics centers and retail.
- Distribution network covering domestic Chinese channels plus international distributors for export markets.
- R&D investments directed to miniaturized robotics sensors, digital-output load cells and cloud-enabled weighing systems.
- Manufacturing lines for precision machining, strain gauge bonding, signal conditioning and calibration labs supporting ISO/IEC test standards.
- Robotics Sensor Division and Shenzhen Robotics Sensor R&D Team to expand capacity and shorten product development cycles.
Keli Sensing Technology Co.,Ltd. (603662.SS): How It Works
Origins & Ownership- Founded in Ningbo, China, Keli Sensing Technology Co.,Ltd. (603662.SS) grew from an industrial weighing-component maker into an integrated sensor and electronic weighing systems provider.
- Listed on the Shanghai Stock Exchange (603662.SS), the company's ownership structure includes institutional investors, domestic retail shareholders, and management holdings; state or strategic investors participate through block holdings typical of mid-cap Chinese industrials.
- Product leadership in sensors, weighing instruments, and health scales across industrial, retail and consumer markets.
- Vertical integration: R&D, component manufacture, system integration and after-sales services to capture margin across the value chain.
- See the company's formal positioning and values here: Mission Statement, Vision, & Core Values (2026) of Keli Sensing Technology (Ningbo) Co.,Ltd.
- Product sales: primary revenue from sensors, load cells, electronic weighing systems and consumer/medical health scales sold to industrial customers, retailers and distributors.
- System integration & solutions: customized weighing systems, calibration services and software for industrial automation and logistics applications.
- After-sales & services: maintenance contracts, spare parts, and software upgrades that provide recurring revenue and customer lock-in.
- Investment & financial income: occasional contribution from trading financial assets and investment income which can materially affect short-term profits (notably in Q1 2025).
- R&D and design: develops sensing elements, digital electronics and firmware for accuracy and connectivity.
- Manufacturing: in-house production of load cells, sensor modules and assembly of electronic weighing terminals to control quality and costs.
- Sales channels: direct industrial sales, OEM partnerships, distributors for retail/consumer scales, and e-commerce for certain product lines.
- Support & integration: field engineering for system installation, calibration & certification - important for large industrial contracts.
| Period | Revenue (CNY) | Revenue Growth | Net Profit Attributable to Shareholders (CNY) | Net Profit Change | Notes |
|---|---|---|---|---|---|
| 2023 | 1.075 billion | - | 313 million | - | Base year for 2024 comparison |
| 2024 | 1.30 billion | +20.79% | 261 million | -16.62% | Drop driven mainly by lower investment income |
| Q1 2024 | 249 million | - | 43 million | - | Quarter baseline |
| Q1 2025 | 316 million | +27.08% YoY | 76 million | +75.85% YoY | Significant jump in investment income from trading financial assets |
| Revenue per employee (latest) | 500,320 CNY | - | - | - | Indicator of workforce productivity |
- Product mix: industrial systems and customized projects typically yield higher margins than commodity retail scales.
- Scale effects: higher revenue enables fixed-cost absorption in R&D and manufacturing, improving operating leverage.
- Investment income volatility: short-term profit swings can occur due to gains or losses from financial asset trading, as evidenced in 2024 vs Q1 2025.
- After-sales services and software add recurring revenue and improve lifetime customer value.
Keli Sensing Technology Co.,Ltd. (603662.SS): How It Makes Money
Keli Sensing Technology Co.,Ltd. (603662.SS) generates revenue by designing, manufacturing and selling high-precision sensors and sensor systems-principally weighing sensors, six-dimensional force/torque sensors, tactile sensors, and encoder modules-targeting industrial automation, robotics, automotive testing, medical devices and environmental energy measurement. The company has held the highest market share in China's weighing sensor sector for 14 consecutive years and has completed a product series for six-dimensional force/torque sensors, serving over 50 domestic robotics clients.- Core product lines: weighing sensors, load cells, six-dimensional force/torque sensors, tactile/multi-physical sensors, encoders.
- Primary revenue channels: direct product sales, system integration contracts, after-sales service & calibration, customized R&D and licensing to industrial partners.
- Key end markets: industrial automation, robotics (humanoid & industrial arms), automotive testing, medical instrumentation, low-altitude economy & environmental energy monitoring.
| Metric | Detail / Figure |
|---|---|
| Market leadership | Highest market share in China weighing sensors - 14 consecutive years |
| Robotics customers | Over 50 domestic clients for six-dimensional sensors |
| Product portfolio focus | Six-dimensional force/torque sensors, tactile sensors, encoders (full-body robot sensing) |
| Strategic investment shift | From broad to specialized: full-body robotic sensors, six-dimensional force/torque, encoders |
| Target market expansions | Low-altitude economy, environmental energy measurement, smart manufacturing |
- How revenue is monetized in practice:
- Volume sales of standardized sensors to OEMs and instrument makers.
- Higher-margin customized sensor systems and turnkey integration projects for robotics and testing labs.
- Service revenue from calibration, maintenance, and software/firmware updates tied to sensor platforms.
- R&D partnerships and licensing for tactile/multi-physical sensor IP.
- Keli Sensing's long-standing top position in weighing sensors provides scale advantages in production, distribution and brand trust, supporting competitive pricing and margin retention.
- Investment pivot to specialized robot-centric sensing (six-dimensional force/torque and encoders) positions the company to capture rising demand for high-precision sensors in robotics, industrial automation and medical devices.
- Completed six-dimensional sensor series and partnerships with 50+ domestic robotics clients create an installed-base effect that supports recurring service and upgrade revenues.
- Expansion into low-altitude economy, environmental energy measurement and smart manufacturing creates cross-selling opportunities and aims to build an industrial matrix that enhances resilience and gross-margin mix.
Keli Sensing Technology (Ningbo) Co.,Ltd. (603662.SS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.