1. China Stocks

  2. •

    Consumer durables

  3. •

    Electronics/Appliances
Kennede Electronics Mfg Co., Ltd. Class A

Kennede Electronics Mfg Co., Ltd. Class A

SSZSE:002723
6.76
CNY
+0.11
(+1.65%)
-0.84EPS
2.94BMarket 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
2.87
4.56
2.69
2.95
3.78
3.18
3.74
5.67
4.9
5.42
5.03
4.81
3.1
2.79
Basic EPS, GAAP
0.21
0.32
0.16
0.03
0.03
-0.35
0.15
0.14
0.07
0.03
-0.02
-0.71
-0.78
-0.83
Free Cash Flow per Basic Share
-0.22
-0.37
-0.28
0.11
0.17
-0.25
-0.02
0.24
-0.41
-0.96
-0.19
0.09
-0.14
- -
Dividend per Share
0.04
0.31
0.08
0.06
0.01
0.02
0.03
0.08
0.08
0.14
0.11
0.15
0.15
0.08
Book Value per Share
1.79
2.37
2.46
2.45
2.5
2.18
2.25
2.37
3.85
3.91
3.89
3.17
2.29
2.12
Tangible Book Value per Share
1.47
2.15
2.24
2.24
2.29
1.92
1.9
2.02
3.56
3.62
3.63
2.87
2
1.88
Basic Weighted Avg Shares
196
128
261
261
261
261
267
192
269
318
319
318
324
322
Sales/Revenue/Turnover
563
583
703
770
987
831
1,001
1,089
1,321
1,724
1,604
1,529
1,005
898
Operating Margin (%)
11.18
8.07
5.2
0.23
1.85
-6.08
5.11
4.6
3.35
3.91
3.17
-3.02
-10.04
-10.9
Depreciation Expense
17
24
30
31
33
36
34
34
35
37
42
50
47
- -
Net Income, GAAP
40
41
43
7
8
-90
39
26
18
10
-7
-225
-252
-266
Effective Tax Rate (%)
15.57
13.79
11.76
79.6
- -
- -
- -
16.39
21.73
38.55
- -
- -
- -
- -
Profit Margin (%)
7.19
7.01
6.08
0.86
0.78
-10.87
3.9
2.38
1.36
0.58
-0.43
-14.69
-25.09
-29.59
Working Capital
- -
113
81
50
61
-1
50
54
674
397
222
22
-50
-45
LT Debt
- -
- -
- -
- -
- -
- -
- -
15
27
44
84
96
81
82
Total Equity
350
620
655
642
654
582
605
638
1,222
1,243
1,273
1,052
761
706
Return on Invested Capital (%)
8.66
6.59
5.9
0.01
- -
- -
- -
3.39
1.54
0.6
- -
- -
- -
- -
Return on Capital (%)
10.18
7.54
6.38
1.82
- -
- -
- -
4.63
2.78
2.28
- -
- -
- -
- -
Return on Common Equity (%)
12.26
8.42
6.75
1.02
1.18
-14.61
6.58
4.18
1.94
0.81
-0.56
-20.01
-28.52
-31.2

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
240
239
224
LT Borrowings
81
83
82
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
332
332
332
Market Capitalization
2,815
2,951
2,938

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
642
613
624
Cash, Cash Equivalents & STI
80
49
58
Accounts Receivable, Net
270
251
255
Inventories
144
167
177
Total Current Liabilities
692
657
670
Payables & Accruals
- -
- -
- -
ST Debt
240
239
224
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.89%
10.14%
-27.61%
Free Cash Flow
-202.47%
-131.7%
-263.03%
Net Income, GAAP
139.32%
583.21%
12.22%
Sales/Revenue/Turnover
5.71%
1.18%
-34.27%
Total Cash Common Dividend
33.37%
33.86%
2.24%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
371
423
392
342
1,529
2025
331
233
- -
241
1,005
2026
186
239
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.01
-0.14
-0.58
-0.71
2025
-0.03
-0.08
- -
-0.57
-0.78
2026
-0.09
-0.09
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.05
0.04
0.15
2025
0.04
0.03
- -
0.03
0.15
2026
0.01
0.01
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Bao Shan Lu
Full Time Employees
873
Sector
Consumer durables
Industry
Electronics/Appliances
Address
No. 21, Jintong Road Jiangmen GD China 529085
IPO Date
Jan 17, 2014
Website
kennede.com
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Business
Kennede Electronics MFG. Co., Ltd. (002723.SZ) manufactures and sells small household appliances, focusing on fans, rechargeable lighting products, and electric kettles; its product portfolio includes electric fans, humidifiers, air purifiers, heaters, camping lamps, kettles, big flashlights, health pots, table lamps, electrical cigarettes, portable air conditioners, dehumidifiers, eye-care desk lamps, and solar-powered mist fans. The company operates a 220,000-square-meter facility in Jiangmen, Guangdong province, China, where it was founded in 2000 and listed on the Shenzhen Stock Exchange in 2014; it employs over 2,000 workers, including 70 engineers, and exports to more than 120 countries across America, Europe, Asia, and Africa, serving over 300 million users annually and partnering with brands such as Walmart, Amazon, Disney, CNPC, China Railway Group, China Construction Bank, International Red Cross, and Miniso. Recent developments include the signing of an equity acquisition contract for an 85% stake in Hangzhou Yuyouxin Consumer Technology to expand consumer technology offerings; the release of its 2025 semi-annual results forecast and announcement on second-quarter engineering construction business operations; and plans to launch a restricted stock incentive plan in 2025 to motivate management and employees.