Shanghai Kehua Bio-Engineering Co., Ltd. Class A

Shanghai Kehua Bio-Engineering Co., Ltd. Class A

SSZSE:002022
5.43
CNY
0.00
(0.00%)
-1.61EPS
2.36BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.26
2.47
2.28
2.72
3.11
3.88
4.71
8.21
9.44
13.55
4.72
3.48
3.19
3.36
Basic EPS, GAAP
0.59
0.59
0.42
0.45
0.42
0.41
0.39
1.33
1.65
1.89
-0.45
-1.27
-1.42
-1.36
Free Cash Flow per Basic Share
0.33
0.3
0.27
0.35
0.05
0.01
0.21
2.19
1.68
3.36
-1.57
-0.6
-0.23
- -
Dividend per Share
0.36
0.23
0.2
0.12
0.14
0.08
0.12
0.18
0.23
0.1
0.62
0.05
0.03
0.03
Book Value per Share
2.3
2.55
3.27
3.6
3.9
4.27
4.58
6.11
7.53
9.36
8.11
6.51
5.13
4.89
Tangible Book Value per Share
1.99
2.2
2.47
2.73
2.68
1.76
2.03
3.57
5.01
6.98
5.74
4.19
2.96
2.76
Basic Weighted Avg Shares
492
492
506
513
513
513
513
506
514
514
514
505
514
504
Sales/Revenue/Turnover
1,114
1,218
1,156
1,397
1,594
1,990
2,414
4,155
4,854
6,970
2,428
1,759
1,642
1,694
Operating Margin (%)
28.66
26.72
17.59
17.11
16.76
15.62
15.11
34.9
35.27
32.9
-0.31
-17.12
-20.55
-15.74
Depreciation Expense
27
33
42
63
69
86
121
134
153
213
216
246
239
- -
Net Income, GAAP
288
292
211
232
218
208
202
675
850
972
-234
-641
-732
-684
Effective Tax Rate (%)
15.37
14.99
15.46
15.2
17.24
17.38
16.84
15.77
17.32
16.12
- -
- -
- -
- -
Profit Margin (%)
25.87
23.97
18.22
16.64
13.66
10.44
8.39
16.25
17.52
13.94
-9.64
-36.41
-44.58
-40.34
Working Capital
766
765
1,045
1,169
1,185
1,012
1,169
2,735
3,812
4,392
3,413
2,017
1,055
975
LT Debt
- -
- -
14
8
21
242
294
773
738
779
802
327
81
63
Total Equity
1,208
1,268
1,726
1,901
2,079
2,452
2,690
3,899
5,131
5,853
4,984
3,982
3,110
2,989
Return on Invested Capital (%)
23.35
22.43
13.01
11.55
10.53
9.84
9.17
27.48
24.41
27.02
- -
- -
- -
- -
Return on Capital (%)
23.69
22.93
13.33
12.76
10.67
7.24
5.13
5.79
7.47
3.84
- -
- -
- -
- -
Return on Common Equity (%)
26.78
24.44
14.37
13.21
11.33
9.9
8.89
24.57
24.25
22.37
-5.21
-17.03
-24.45
-23.47

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
618
629
652
LT Borrowings
58
58
50
LT Finance Leases
22
18
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
514
514
514
Market Capitalization
3,055
3,024
2,356

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,407
2,337
2,300
Cash, Cash Equivalents & STI
918
804
831
Accounts Receivable, Net
597
635
674
Inventories
644
636
604
Total Current Liabilities
1,353
1,322
1,324
Payables & Accruals
- -
- -
- -
ST Debt
618
629
652
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.09%
-2.24%
-21.92%
Free Cash Flow
435.29%
-38.56%
-61.68%
Net Income, GAAP
33.46%
20.82%
14.29%
Sales/Revenue/Turnover
11.43%
-7.79%
-6.63%
Total Cash Common Dividend
36.72%
68.01%
-36.81%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
443
465
442
409
1,759
2025
388
406
- -
451
1,642
2026
395
442
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.06
-0.05
-0.14
-1.04
-1.27
2025
-0.1
-0.16
- -
-1
-1.42
2026
-0.09
-0.11
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
0.03
- -
0.05
2025
- -
0.01
- -
0.01
0.03
2026
0.01
- -
- -
- -
- -

Company Description

CEO
Li Ming
Full Time Employees
1,870
Sector
Health technology
Industry
Medical specialties
Address
Caohejing Hi-Tech Park Shanghai SH China 200233
IPO Date
Jul 5, 2004
Website
skhb.com
Business
Shanghai Kehua Bio-Engineering Co., Ltd. (002022.SZ) develops, manufactures, and markets a comprehensive portfolio of in vitro diagnostic (IVD) products, including reagents and instruments for immunodiagnostics, clinical chemistry, molecular diagnostics, mass spectrometry, and point-of-care testing (POCT). The company offers over 260 NMPA-registered products and more than 80 CE-certified reagents and instruments, alongside automated analyzers such as the Polaris series chemiluminescence immunoassay systems and innovative solutions like the Tianlong Panall 8000 all-in-one molecular diagnosis system; it also provides diagnostic laboratory instruments, evacuated receptacles, and specialized kits including Helicobacter pylori antibody detection reagents and AIDS diagnostics prequalified by WHO. Products serve hospitals, disease control centers, blood banks, biopharmaceutical firms, and research institutions, with exports to over 100 countries via partnerships with domestic and international agents. Founded in 1981 and headquartered in Shanghai, China, the company maintains R&D centers and production bases in Italy, Shenzhen, Xi'an, Suzhou, and other locations, employing nearly 2,000 staff plus 1,000 at subsidiary Tianlong Technology; it operates 33 subsidiaries including Xi'an Tianlong Science & Technology, Guangzhou Focus Diagnostics, and Italy's Technogenetics S.P.A. (TGS). Geographically, operations span China across 30+ provinces and extend globally, with a focus on integrated reagent-instrument solutions driven by dual R&D platforms. In recent developments, Shanghai Kehua signed an investment cooperation agreement in April 2025 with the Xi'an Economic and Technological Development Zone Management Committee for a medical devices and testing reagents production base plus medical industry incubation center spanning 90 acres in two phases, enhancing chemiluminescence and reagent manufacturing capacity. Subsidiaries secured multiple regulatory approvals in 2024-2025, including NMPA certificates for Helicobacter pylori kits (December 2024) and fully automated chemiluminescence analyzers from Shaanxi authorities (April 2024), alongside Tianlong products gaining further medical device registrations. The company deepened global collaborations through joint exhibitions at MEDICA 2024, ADLM 2024, CACLP 2025, and Medlab 2025 with subsidiaries Tianlong and TGS, yielding exclusive distribution deals such as for the Biolum ATP hygiene system in Egypt; additionally, Xi'an Zhitong Benyi Enterprise Management Partnership agreed to acquire a 5% stake from Zhuhai Baolian.