Kangda New Materials (Group) Co., Ltd.

Kangda New Materials (Group) Co., Ltd.

002669.SZ
Kangda New Materials (Group) Co., Ltd.CN flagShenzhen Stock Exchange
15.07
CNY
-0.59
- -
4.57BMarket Cap
Kangda New Materials (Group) Co., Ltd.
002669.SZ
(Shenzhen Stock Exchange)

Recent

price

15.07

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
2.07
2.02
1.33
1.6
2.64
3.62
2.95
2.39
3.92
4.27
7.64
9.09
9.17
9.21
10.38
17.78
13.48
Revenue per Share
0.42
0.4
0.17
0.2
0.35
0.56
0.41
0.19
0.34
0.56
0.85
0.09
0.18
0.1
-0.82
0.43
0.31
Basic EPS, GAAP
-0.13
-0.04
-0.14
-0.26
-0.06
-0.34
-0.21
-0.15
-0.95
0.42
-1.31
0.27
-1.48
-1.58
0.12
-5.3
-1.14
Free Cash Flow per Basic Share
0.21
0.02
0.01
0.16
0.09
0.09
0.13
0.09
0.06
0.1
0.12
0.3
0.12
0.23
0.39
0.24
0.21
Dividend per Share
0.7
1.06
1.15
1.09
1.85
2.27
2.69
2.45
2.7
3.04
3.7
3.63
3.74
3.38
2.51
2.9
2.88
Book Value per Share
1.04
1.44
2.78
2.62
2.93
3.4
7.55
6.75
6.33
6.9
7.56
6.94
8.6
6.97
7.24
7.83
7.48
Tangible Book Value per Share
150
150
186
201
200
201
202
230
237
250
253
250
269
303
299
294
298
Basic Weighted Avg Shares
309
303
247
321
527
727
594
550
928
1,066
1,932
2,272
2,466
2,793
3,101
5,237
4,024
Sales/Revenue/Turnover
24.7
22.22
14.68
12.9
17
19.54
17.1
4.81
11.14
16.01
15.4
1.96
5.07
4.25
0.57
5.73
6.13
Operating Margin (%)
6
6
7
8
9
16
22
27
34
38
56
71
112
147
198
193
- -
Depreciation Expense
62
59
32
40
70
113
83
44
80
140
215
22
48
30
-246
125
93
Net Income, GAAP
14.92
13.39
14.57
13.76
15.86
15
12.85
6.98
13.47
11.61
14.97
- -
4.25
18.02
- -
23.69
17.81
Effective Tax Rate (%)
20.08
19.58
13.15
12.53
13.26
15.48
13.91
7.96
8.67
13.13
11.13
0.97
1.94
1.09
-7.94
2.4
2.31
Profit Margin (%)
81
134
413
378
362
433
1,244
1,066
1,028
1,094
1,201
933
1,464
868
776
695
709
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
18
104
576
836
801
861
977
LT Debt
196
255
553
564
622
721
1,609
1,637
1,914
2,134
2,350
2,291
3,143
3,309
2,906
3,076
2,991
Total Equity
35.05
22.61
7.31
6.21
11.96
16.93
7.18
1.46
4.83
7.01
9.87
- -
3.28
1.93
- -
4.26
3.64
Return on Invested Capital (%)
47.4
37.91
16.23
17.8
22.38
25.13
15.03
7.5
12.42
17.46
18.88
- -
4.24
2.59
- -
5.39
3.21
Return on Capital (%)
57.72
45.01
17.49
18.66
23.79
27.24
16.55
7.92
13.37
20
25.36
2.39
5.01
2.99
-27.75
15.66
11.52
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1,975
2,175
LT Borrowings
- -
842
959
LT Finance Leases
- -
18
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
303
303
Market Capitalization
4,215
4,612
3,707

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
5,753
6,262
Cash, Cash Equivalents & STI
- -
782
888
Accounts Receivable, Net
- -
2,773
2,598
Inventories
- -
693
741
Total Current Liabilities
- -
5,058
5,553
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,975
2,175
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.72%
6.73%
5.86%
Free Cash Flow
-563.12%
-1,108.29%
-4,632.29%
Net Income, GAAP
-93.41%
-214.37%
-150.96%
Sales/Revenue/Turnover
25.85%
23.86%
68.87%
Total Cash Common Dividend
31.83%
44.52%
-37.8%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
536
827
816
922
3,101
2025
877
1,381
- -
1,487
5,237
2026
1,156
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.08
- -
- -
- -
-0.82
2025
0.02
- -
- -
- -
0.43
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
- -
- -
- -
0.39
2025
0.05
- -
- -
- -
0.24
2026
0.07
- -
- -
- -
- -
Business
Kangda New Materials (Group) Co., Ltd. engages in the research, development, production, and sale of adhesives and new material products. The company’s core product portfolio includes a broad range of adhesive categories such as epoxy resin adhesives, polyurethane adhesives, acrylate AB adhesives (SGA), cyanoacrylate adhesives, UV curing adhesives, silicone rubber adhesives, anaerobic adhesives, butyl hot melt adhesives, and industrial repair putty. In addition to adhesives, Kangda produces new functional polymer materials and fine chemicals, including epoxy resin composites, polyurethane composites, and polyimide materials. The company also manufactures specialized electronic information materials such as ITO target materials, aluminum target materials, LTCC materials (ceramic raw materials, precious metal pastes, porcelain powders), filters, filter components, power modules, microwave components, and radar-related machine components. Kangda’s products find application in multiple industries including wind power generation, automotive parts, soft packaging composites, rail transportation, aerospace, marine engineering, photovoltaic solar energy, construction engineering, household electronic appliances, motors, elevators, mining equipment, and industrial maintenance. The company provides R&D support and after-sale technical services to its customers. Founded in 1988 and headquartered in Shanghai, China, Kangda operates production bases in Shanghai, Chengdu, Beijing, Tangshan Caofeidian, Fengnan, Nanping, and Fujian, aiming to build a high-end, integrated, green ecological chemical industrial park. The company is listed on the Shenzhen Stock Exchange (Ticker: 002669.SZ). Recent major changes include the completion of a strategic acquisition in October 2025 of a 51% stake in Chengdu ZK Huamei Electronics Co., Ltd. for approximately 275.4 million yuan. This acquisition strengthens Kangda’s technological capabilities and expands its presence in the specialized integrated circuit market, integrating the newly acquired company’s IC design strengths with Kangda’s semiconductor materials business such as CMP polishing slurry and sputtering targets. This aligns with Kangda’s strategic focus on "new materials + electronic technology" and enhances the company’s position in high-margin, high-barrier sectors. Additionally, Kangda has been investing in capacity expansion projects, including a significant investment to build an 80,000 tons per year electronic-grade epoxy resin production facility aimed at scaling production and engaging in differentiated product competition. The company also undertakes capital expansion initiatives to bolster its market position and financial strength in the chemicals industry. Kangda continuously invests in innovation and technology development to maintain its competitive edge and accommodate growing demand across multiple advanced materials sectors in China and abroad. Kangda New Materials serves both domestic and international markets, providing products primarily in China with expanding overseas operations. The company’s strategic business segments include adhesives and special resin new materials, electronic information materials, and electronic technology products. It strives to be a leading company in R&D, manufacturing technology, and market competitiveness within the new chemical materials and military science and technology platforms. This comprehensive product and strategic profile position Kangda New Materials as a prominent player in the adhesive and specialty chemicals industry, leveraging innovation, acquisitions, and capacity expansions to enhance market leadership and long-term growth prospects.