Kangda New Materials (Group) Co. Ltd. Class A

Kangda New Materials (Group) Co. Ltd. Class A

SSZSE:002669
11.78
CNY
-0.19
(-1.59%)
5.19BMarket Cap
Oct 24Next Earn
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
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
- -
Basic EPS, GAAP
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
- -
Free Cash Flow per Basic Share
-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
- -
Dividend per Share
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
0.34
Book Value per Share
2.82
3.11
3.6
6.97
7.09
7.94
8.46
9.24
8.96
9.83
9.75
8.99
9.26
9.02
Tangible Book Value per Share
2.64
2.93
3.41
6.6
6.73
6.21
6.83
7.51
6.76
7.11
5.83
6.54
6.73
6.46
Basic Weighted Avg Shares
201
200
201
202
230
237
250
253
250
269
303
299
294
293
Sales/Revenue/Turnover
321
527
727
594
550
928
1,066
1,932
2,272
2,466
2,793
3,101
5,237
- -
Operating Margin (%)
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
- -
Depreciation Expense
8
9
16
22
27
34
38
56
71
112
147
198
193
- -
Net Income, GAAP
40
70
113
83
44
80
140
215
22
48
30
-246
125
- -
Effective Tax Rate (%)
13.76
15.86
15
12.85
6.98
13.47
11.61
14.97
- -
4.25
18.02
- -
23.69
- -
Profit Margin (%)
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
- -
Working Capital
378
362
433
1,244
1,066
1,028
1,094
1,201
933
1,464
868
776
695
723
LT Debt
- -
- -
- -
- -
- -
- -
- -
18
104
576
836
801
861
1,018
Total Equity
564
622
721
1,609
1,637
1,914
2,134
2,350
2,291
3,143
3,309
2,906
3,076
2,925
Return on Invested Capital (%)
6.41
11.11
15.52
6.4
2.22
4.33
6.47
8.74
- -
1.39
-0.04
- -
2.17
- -
Return on Capital (%)
7.25
11.8
16.1
6.99
2.77
4.6
6.77
8.74
- -
2.31
1.58
- -
3.47
- -
Return on Common Equity (%)
7.2
11.78
16.76
7.09
2.7
4.53
6.91
9.62
0.96
1.82
1.01
-8.63
4.53
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,975
2,175
2,263
LT Borrowings
842
959
1,005
LT Finance Leases
18
18
13
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
303
303
303
Market Capitalization
4,612
3,768
5,185

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,753
6,262
6,110
Cash, Cash Equivalents & STI
782
888
729
Accounts Receivable, Net
2,773
2,598
2,928
Inventories
693
741
810
Total Current Liabilities
5,058
5,553
5,387
Payables & Accruals
- -
- -
- -
ST Debt
1,975
2,175
2,263
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

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

CNY

•

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
1,611
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.08
-0.11
-0.07
-0.56
-0.82
2025
0.02
0.15
- -
0.14
0.43
2026
0.02
0.08
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.14
0.07
0.1
0.39
2025
0.05
0.04
- -
0.1
0.24
2026
0.07
0.17
- -
- -
- -

Company Description

CEO
Qi Sheng Yao
Full Time Employees
1,727
Sector
Process industries
Industry
Industrial specialties
Address
No. 169, Leizhou Road Shanghai SH China 201419
IPO Date
Mar 30, 2012
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.