1. People's Republic of China Stocks

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  3. •

    Computer Hardware
Shenzhen Kaifa Technology Co., Ltd.

Shenzhen Kaifa Technology Co., Ltd.

000021.SZ
Shenzhen Kaifa Technology Co., Ltd.CN flagShenzhen Stock Exchange
54.07
CNY
+0.77
- -
85.13BMarket Cap
Shenzhen Kaifa Technology Co., Ltd.
000021.SZ
(Shenzhen Stock Exchange)

Recent

price

54.07

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
15.75
14.12
12.43
11.18
11.18
10.44
10.24
9.66
10.92
8.99
10.17
10.77
10.33
9.14
9.5
10.06
9.94
Revenue per Share
0.29
0.19
0.07
0.17
0.12
0.12
0.15
0.37
0.39
0.24
0.58
0.51
0.42
0.41
0.6
0.73
0.66
Basic EPS, GAAP
-0.22
-0.07
- -
0.14
-0.42
-0.18
-0.45
-0.34
-0.24
-1.39
0.8
-1.28
-0.63
0.59
0.64
0.35
-0.79
Free Cash Flow per Basic Share
0.13
0.22
0.18
0.07
0.13
0.11
0.12
0.17
0.18
0.24
0.17
0.33
0.34
0.31
0.29
0.3
0.31
Dividend per Share
2
2.04
2.01
2.23
2.09
2.13
2.2
2.52
3.09
3.23
3.78
4.03
4.23
4.6
5.08
5.66
5.21
Book Value per Share
3.39
3.23
3.1
3.62
3.33
3.43
3.49
3.87
4.2
4.44
5.03
7.1
7.28
7.89
8.67
10.2
9.64
Tangible Book Value per Share
1,319
1,320
1,320
1,345
1,471
1,471
1,472
1,471
1,471
1,471
1,471
1,531
1,561
1,560
1,560
1,566
1,560
Basic Weighted Avg Shares
20,772
18,630
16,400
15,040
16,452
15,362
15,069
14,210
16,061
13,224
14,967
16,488
16,118
14,265
14,827
15,747
15,512
Sales/Revenue/Turnover
1
0.72
0.27
-0.31
0.86
1.31
1.77
2.61
2.78
4.45
6.21
4.31
5.97
8.21
8.33
9.84
8.24
Operating Margin (%)
274
294
298
225
243
303
405
440
449
449
546
495
461
603
663
824
- -
Depreciation Expense
384
252
94
230
174
181
214
541
575
352
857
775
659
645
930
1,136
1,022
Net Income, GAAP
10.85
16.16
85.54
36.47
41.05
34.89
40.08
21.57
18.82
19.16
14.89
18.5
14.73
16.82
15.36
15.66
15.73
Effective Tax Rate (%)
1.85
1.35
0.57
1.53
1.06
1.18
1.42
3.81
3.58
2.66
5.73
4.7
4.09
4.52
6.27
7.21
6.59
Profit Margin (%)
1,922
1,593
1,470
2,231
2,231
1,488
1,042
812
1,076
866
2,689
2,239
3,231
3,056
3,909
4,263
3,641
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,904
657
2,006
1,438
1,919
184
479
LT Debt
4,478
4,321
4,156
4,961
5,059
5,206
5,297
5,929
6,770
7,102
8,010
11,474
11,962
12,781
13,858
16,288
15,356
Total Equity
3.84
1.56
0.07
-0.28
0.68
1.04
1.44
2.5
2.64
3.27
4.74
2.9
3.62
4.31
4.78
5.96
4.63
Return on Invested Capital (%)
12.89
5.67
2.42
4.22
2.39
2.3
3.01
6.96
6.08
3.51
6.05
5.26
4.49
3.63
5.51
5.49
5.3
Return on Capital (%)
15.98
9.43
3.5
8.13
5.73
5.82
6.73
15.58
13.92
7.58
16.63
13.22
10.32
9.36
12.32
13.53
13.22
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
5,899
6,659
7,471
LT Borrowings
1,888
1,906
447
LT Finance Leases
31
26
32
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,561
1,561
1,567
Market Capitalization
29,761
29,062
29,234

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
14,551
16,619
16,253
Cash, Cash Equivalents & STI
7,322
9,664
9,433
Accounts Receivable, Net
3,936
3,880
3,854
Inventories
2,630
2,511
2,390
Total Current Liabilities
10,642
11,666
12,612
Payables & Accruals
- -
- -
- -
ST Debt
5,899
6,659
7,471
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.59%
16.06%
17.54%
Free Cash Flow
-13.55%
-109.02%
-45.39%
Net Income, GAAP
32.16%
7.93%
22.07%
Sales/Revenue/Turnover
0.75%
1.31%
6.21%
Total Cash Common Dividend
15.72%
19.94%
2.5%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,126
3,928
3,797
3,975
14,827
2025
3,365
4,375
4,470
- -
15,747
2026
3,724
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
- -
- -
- -
0.6
2025
0.11
- -
- -
- -
0.73
2026
0.15
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
- -
- -
0.29
2025
0.03
- -
- -
- -
0.3
2026
0.02
- -
- -
- -
- -
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Business
Shenzhen Kaifa Technology Co., Ltd. is a global electronics manufacturing services (EMS) provider headquartered in Shenzhen, China, established in 1985. The company manufactures and supplies a wide range of products including hard disk components such as magnetic heads, hard disk PCBA (printed circuit board assemblies), and aluminum substrates; metering products including electric, water, and gas meter systems; medical devices covering medical instruments, portable medical diagnostic products, disposable medical consumables, and medical product PCBA; as well as smart devices comprising robotic cleaners, electric scooters, printers, and E-ink tablets. Additionally, it provides commercial and industrial services in industrial control, IoT intelligent hardware, new energy products, battery management systems, and automotive electronics solutions including body electronic control modules. Shenzhen Kaifa also offers research and development, manufacturing, testing, assembly, logistics, and after-sales services worldwide. Recent strategic developments include the acquisition of a 70% stake in a robotics startup in 2023 to integrate automation into its production lines aiming to reduce costs and enhance quality. The company has advanced its LPDDR5 certification and trial production activities aligning with increased demand for storage chips. It has expanded geographic operations with increased sales in Southeast Asia and Europe and secured major contracts such as winning bids for large-scale smart meter projects in China and overseas, including the United Kingdom and Saudi Arabia. Shenzhen Kaifa has also formed strategic partnerships with leading technology and automotive firms to develop advanced automotive electronic systems and smart metering solutions, driving additional revenue and reinforcing its market position. The company operates several R&D and production bases across China, including Suzhou, Dongguan, Huizhou, and Shenzhen, with international presence in Hong Kong, Singapore, Italy, the United States, and Australia. Its shareholder structure includes China Electronics Corporation as the largest shareholder. Shenzhen Kaifa continues to invest in advanced manufacturing technologies, aiming to enhance efficiency and capitalize on emerging technology trends in electronics and smart devices. The company reported steady financial performance with ongoing growth prospects in its core EMS sectors and new strategic areas such as robotics and automotive electronics.