At the beginning of September, Guangdong Keyuan Electric Company Limited (hereinafter referred to as “Keyuan”) released the first half of 2023, the company's operating income of 334 million yuan, an increase of 102.28%. This is the source of shares listed on the New Third Board six months to show the “report card”. Rooted in Nanhai Lishan for many years, the source of shares continue to increase the digital investment, and won the South China Sea District 2022 manufacturing high-quality development of the title of benchmark enterprise and the title of Foshan Nanhai District digital benchmark enterprise.

Rooted in Nanhai Lishan for many years, Keyuan has continuously increased its investment in digitization. Enterprise for the picture

“This year, we have been riding on the momentum and orders. Thanks to the rise in the allocation of State Grid and South Grid project wins, the enterprise market expansion process has accelerated. In the future, the enterprise will increase investment in technology research and development, pay attention to the introduction of talent training, develop new energy and other market areas, and strive for better and faster development.” Qi Zixuan, general manager of Keyuan, said.

Behind the rapid development of enterprises, inseparable from the fertile soil provided by the manufacturing town of Shishan. In recent years, in order to promote the digital transformation of enterprises, Shishan introduced “Shishan Town, Nanhai District, Foshan City, to further optimize the business environment of the ten measures”, “Shishan Town,” Enterprise Service Day “series of activities,” and other policy initiatives. The whole town to provide first-class government services for enterprises, to create a first-class business environment, resource concentration, business-friendly first-class business environment.


Since the beginning of the year, the production park of Keyuan shares, has been a busy scene: workers busy debugging, machinery running at speed, trucks in and out ...... only the first quarter of this year, sales are close to the same period than the 2022 growth of 15%; so far this year, June, the enterprise orders continue, the production line continues to be full of negative production. And sales as fast as the growth, and the speed of development of the enterprise. In March this year, Keyuan shares listed on the New Third Board, opening a new mileage of high-quality development.

Keyuan is a high-tech enterprise specializing in the research, development, production and sales of oil-immersed transformers under 35kV, dry-type transformers, intelligent transformers, box-type substations, high and low voltage complete sets of equipment and control equipment. In other words, the products of Keyuan are like a large-scale voltage regulator, which is an indispensable key component in the process of electric power use, and can convert the current into a “magic weapon” suitable for each use scenario.

The production workshop of Keyuan. Enterprise for the picture

Backed by Shishan's strong manufacturing foundation, KYEC has ushered in a new development, but also continue to accelerate the process of “going out” for the enterprise to win more development opportunities. In June this year, KYEC continuously exhibited in Beijing, Guangzhou, to understand the international and domestic photovoltaic, new energy development opportunities; July to August, the enterprise also went to Sao Paulo, Brazil, Manila, Philippines, to participate in the International Electricity and Electronic Components Exhibition, Electricity Exhibition. Through the exhibition, Keyuan not only can understand the latest market development trend and industry cutting-edge information, but also gained more communication opportunities, laying a foundation for the follow-up to win more orders.

Why can the enterprise realize rapid development? “It is not only based on the demand for listing, the enterprise development also needs the diversification of market structure.” In Qi Zixuan's view, this is not unrelated to the enterprise's continuous adjustment of development strategy and increase customer viscosity. At present, the power grid business of Keyuan shares accounts for about 70%, non-grid business accounts for about 30%. Especially in the overseas segment, Keyuan shares in the end of 2022 to obtain the recognition of customers in the Middle East, South America and other places, the introduction of products to replace the original European and American standards, to help the enterprise to obtain tens of millions of dollars of growth at the same time, but also for the enterprise to broaden the path of development.

Based on the traditional power grid business, Keyuan shares also continue to increase investment in the field of intelligent control side. For example, as early as 2018, the enterprise carried out the research and development of power grid monitoring equipment based on the demands and pain points of the power grid, and took the lead in obtaining relevant invention patents. At present, the product has completed the fourth generation of revision, the Department can be applied to the scene of the general-purpose products, more in line with the actual use of customer demand.

According to the introduction, the above power grid intelligent control terminal products can not only help customers to improve the monitoring of equipment, but also for the subsequent industry to achieve intelligent, digital foundation. This also helps the company to break into a blue sea, realizing a magnificent turn from the traditional mechanical equipment to the solution provider.


From the single provision of equipment to the output of comprehensive solutions, from the traditional production model to the data on the cloud on the end, Keyuan Stock has found the code for deepening high-quality development - digitalization. In 2022, Keyuan stock and the domestic first-class solution provider Guangzhou Saiyi, Oracle reached a cooperation, the enterprise to carry out a comprehensive digital construction, sales, production, finance “on the cloud”, management “on the cloud”, production efficiency increased by 10% to 20%, and will strive to increase to 40% in the future. Data show that, so far, the source of shares in the application of digital systems, automated production construction has invested more than 25 million yuan. This figure is placed on the volume of about 1 billion yuan of traditional manufacturing enterprises, are a lot of investment.

So far, Keyuan shares in the digitalization system application, automated production construction has been invested more than 25 million yuan. Enterprises for the picture

Why does Keyuan stock firmly implement digitalization? An inescapable reason is that, with the increasing volume of business, labor costs, communication costs continue to rise, and even at a certain stage of processing efficiency obviously can not keep up with the response of all parties tend to be “slow”. In this case, relying solely on the increase in manpower has been difficult to meet the needs of rapid development of enterprises.

To this end, the source of the stock boldly promote reform, customer management system, production management system and other aspects of upgrading and remodeling. Nowadays, in the production workshop of Keyuan Corporation, the workers' team leader will combine PMC instructions for the next day's scheduling; the workers will sweep the code to report their work every day, and the production link will be realized on a day-to-day basis. ...... project scheduling are all based on the information uploaded by the system to be laid out, which effectively improves the production efficiency and reduces the cost of labor and communication. Digitization not only greatly improves the production efficiency of Keyuan, but also allows it to obtain the title of Nanhai District 2022 Manufacturing Quality Development Benchmarking Enterprise and Foshan Nanhai District Digital Benchmarking Enterprise. At present, Keyuan is constantly optimizing its processes and actively declaring Foshan City Digital Factory.

Although certain results have been achieved, but to achieve a high degree of digitization process is not an overnight, not stick to the original work methods, standardized to refresh the staff's perception is not an easy task. At the same time, with the digital transformation to the depths, the enterprise more or less will encounter some phases of the problem, but the source of the company is still determined to digitalization as the enterprise's key direction for a long time to come. “Discover the problem, and then go to solve the problem, so down the road, digitalization can achieve the maximum effectiveness, and better empower the transformation of enterprises.” Chi Zixuan said.

At present, Shishan is adhering to the concept of manufacturing as the development of the home, and strive to build Foshan war new industrial center, Foshan North City Center. At the same time, Shishan also accelerate the traditional industry “two” transformation, accelerate the conversion of old and new kinetic energy. Rooted in Shishan for many years, in addition to responding positively to the digital transformation, Ke Yuan shares are also constantly cultivating internal skills. After 16 years of development, the source of shares has been ten consecutive years to obtain the national high-tech enterprises, long-term persistence, high-intensity focus on R & D investment to ensure that the source of shares in high-tech industries continue to lead the way, but also for more traditional manufacturing industry to accelerate the transformation and upgrading of Shishan to bring inspiration. Data show that after a long time of accumulation, the company has obtained 83 authorized patents, including 10 invention patents, 71 utility model patents, 2 design patents. Another 1 software copyright.


In recent years, the state vigorously promote the “dual-carbon” strategy, low-carbon energy transformation has become a new trend of development. This also brings huge development opportunities for new energy and other industries. Another background is that in June 2022, the Ministry of Industry and Information Technology, the Development and Reform Commission and other six ministries and commissions jointly issued the “Industrial Energy Efficiency Enhancement Action Plan”, which focuses on six aspects: energy efficiency improvement in key industries, energy efficiency improvement in energy-using equipment and systems, energy efficiency improvement in enterprise parks, low-carbon transformation of industrial energy, upgrading and upgrading of digital energy efficiency, and consolidation of energy-saving and energy-efficiency industrial foundations, and carries out the work of industrial energy efficiency improvement. Grasping the development opportunities, Keyuan shares are constantly increasing the wind power photovoltaic field, industrial customers electrical energy transformation and upgrading and other market development. “This year, the enterprise in the power grid and new energy, industrial power house transformation and upgrading, there has been a large number of order reserves.” Qi Zixuan said, especially in the industrial customers electrical energy transformation and upgrading segment, Keyuan shares based on the new energy efficiency standards, targeted at different industrial class scenarios of the product transformation and upgrading, to further realize energy saving control.

Workers are working in the production workshop of Keyuan Co. Picture for enterprise

At the same time, as a new three board listed enterprises, Kewon actively planning to list on the NSE. As the helmsman, Huang Tianping, chairman of Keyuan, has been in charge of the enterprise for nearly 8 years. It is under his leadership, the source shares continue to improve the standardization of enterprises, effectively enhance the growth of enterprises, and gradually establish a provincial R & D room, has developed a high overload transformer, a new level of energy-efficient transformers, environmentally friendly vegetable oil transformers, intelligent monitoring terminals, energy-efficiency management platform and other new products. The accumulation of a large number of R & D innovations, three consecutive years of high revenue growth and outstanding profitability has also made Kewon shares by one of the three major newspapers of domestic securities Securities Times named Guangdong New Third Board Innovation Top 50.

As an enterprise mainly supporting power grids, the State Grid and the Southern Power Grid conduct qualification reviews of the upstream of the supply chain every year and put forward higher demands, and enterprises participating in the review must meet the standards in various areas such as business indicators, technical base tables, carbon emission indicators, management systems, and employee welfare treatment. To keep up with the development trend, it also forces Keyuan to build with stricter standards. In fact, all along, Shishan Township Committee and Township Government have taken vigorously cultivating the capital market and promoting the listing of enterprises as an important hand in the high-quality development of the economy. In order to promote the rapid growth and development of enterprises, Shishan has introduced a linked service mechanism, focusing on the whole process of enterprise listing, and constantly increasing the strength of enterprise services. Backed by the development of Shishan fertile ground, Keyuan shares will also move towards a broader stage of development. Qi Zixuan revealed that in the future, based on the increasingly large business volume and enterprise development needs, especially in supporting the development of new energy business, Keyuan shares also need to further accelerate the improvement of internal turnover efficiency, to achieve cost reduction and increase efficiency, in order to shorten the process of listing, and to achieve the high quality of development of enterprises to lay a solid foundation.

Answer the question of digital transformation

Currently, China is in the midst of a wave of digital transformation, in which every industry is involved. Digital transformation is the inevitable choice for every small and medium-sized enterprise to build core competitiveness, and it is also an inevitable move to cope with the era of digital economy. As a representative of the traditional manufacturing industry, Keyuan stock in the wave of digital transformation, boldly invested more than 25 million yuan for digitalization, automation construction, thus realizing the long-term sustainable development of enterprises. At the same time, digital transformation is not only an upgrade of technology, but also to take the user experience as the core, to realize the change from products to services, from marketing to sales and other aspects. One example is that as early as 2018, Keyuan Co. started from customer demand and systematically carried out the research and development of grid monitoring equipment based on the demands and pain points of the power grid. At present, the product has completed the fourth generation of revision, which is better able to more closely match the actual use of customer demand. It is based on such a cutting-edge layout and strategic vision, Ke Yuan shares take advantage of the digital development momentum, to promote their own accelerated high-quality development at the same time, fully embracing the capital market, to accelerate the pace of transformation and upgrading of the traditional manufacturing industry in Shishan provides a useful reference.

【Reporter】 Li Xin Yan Jingwei
【Writing】 Li Xin
【Graphic】 Yan Jingwei