KeLu Electronics' first quarter financial report is impressive

Kelong Electronics released its first quarter financial report for 2025, with revenue of 1.214 billion yuan, a year-on-year increase of 16.20%, and net profit of 67.4509 million yuan, a year-on-year surge of 857.45%. The company's main business is smart grid and new electrochemical energy storage. In 2024, smart grid revenue was 2.865 billion yuan, accounting for 64.65% of total revenue. Midea Group provides support in R&D, manufacturing, supply chain and other aspects to help Kelong Electronics expand its customer base.