Kangda New Materials (Group)（002669）株式概要康達新材料（集団）有限公司は、中華人民共和国において構造用接着剤の研究開発、製造、販売を行っている。 詳細002669 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績1/6財務の健全性3/6配当金2/6報酬株価収益率（ 44.2 x） CN市場（ 45.7 x）を下回っています。今年は黒字化を達成 リスク分析高いレベルの非現金収入 過去5年間で収益は年間35.6%減少しました。 負債は営業キャッシュフローで十分にカバーされていない 0.52%の配当はフリーキャッシュフローで十分にカバーされていない +1 さらなるリスクすべてのリスクチェックを見る002669 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCN¥Current PriceCN¥19.1340.5% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-215m13b2016201920222025202620282031Revenue CN¥12.9bEarnings CN¥294.4mAdvancedSet Fair ValueView all narrativesKangda New Materials (Group) Co., Ltd. 競合他社Wuxi Double Elephant Micro Fibre MaterialLtdSymbol: SZSE:002395Market cap: CN¥3.9bJiujiang Shanshui TechnologyLtdSymbol: SZSE:301190Market cap: CN¥4.1bAnhui Higasket PlasticsLtdSymbol: SHSE:603150Market cap: CN¥6.6bShanDong Longhua New MaterialLtdSymbol: SZSE:301149Market cap: CN¥5.0b価格と性能株価の高値、安値、推移の概要Kangda New Materials (Group)過去の株価現在の株価CN¥19.1352週高値CN¥19.1352週安値CN¥10.00ベータ0.861ヶ月の変化32.85%3ヶ月変化37.13%1年変化67.07%3年間の変化62.26%5年間の変化57.97%IPOからの変化183.41%最新ニュースNew Risk • 10hNew minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change).Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥15.97, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 35% over the past three years.New Risk • May 07New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Apr 21Full year 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.82 loss in FY 2024)Full year 2025 results: EPS: CN¥0.43 (up from CN¥0.82 loss in FY 2024). Revenue: CN¥5.24b (up 69% from FY 2024). Net income: CN¥125.4m (up CN¥371.6m from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Apr 21Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 12, 2026Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 12, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai Chinaお知らせ • Mar 31Kangda New Materials (Group) Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Kangda New Materials (Group) Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026最新情報をもっと見るRecent updatesNew Risk • 10hNew minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change).Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥15.97, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 35% over the past three years.New Risk • May 07New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Apr 21Full year 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.82 loss in FY 2024)Full year 2025 results: EPS: CN¥0.43 (up from CN¥0.82 loss in FY 2024). Revenue: CN¥5.24b (up 69% from FY 2024). Net income: CN¥125.4m (up CN¥371.6m from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Apr 21Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 12, 2026Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 12, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai Chinaお知らせ • Mar 31Kangda New Materials (Group) Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Kangda New Materials (Group) Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026お知らせ • Dec 31Kangda New Materials (Group) Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026Kangda New Materials (Group) Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.067 loss in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.067 loss in 3Q 2024). Revenue: CN¥1.49b (up 83% from 3Q 2024). Net income: CN¥32.9m (up CN¥52.8m from 3Q 2024). Profit margin: 2.2% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.お知らせ • Sep 30Kangda New Materials (Group) Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025Kangda New Materials (Group) Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025お知らせ • Sep 14Kangda New Materials (Group) Co., Ltd. (SZSE:002669) agreed to acquire 51% stake in Chengdu Zhongkehua Micro-Electronic Co., Ltd. from Nanjing Sihe Microtechnology Co., Ltd., Weihai Langshan Information Technology Co., Ltd., Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. (SHSE:603267) and Qingdao Chuyao Hongyi Venture Capital Fund Partnership Enterprise (Limited Partnership) for approximately CNY 280 million.Kangda New Materials (Group) Co., Ltd. (SZSE:002669) agreed to acquire 51% stake in Chengdu Zhongkehua Micro-Electronic Co., Ltd. from Nanjing Sihe Microtechnology Co., Ltd., Weihai Langshan Information Technology Co., Ltd., Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. (SHSE:603267) and Qingdao Chuyao Hongyi Venture Capital Fund Partnership Enterprise (Limited Partnership) for approximately CNY 280 million on August 14, 2025. A cash consideration of CNY 275.4 million will be paid by Kangda New Materials (Group) Co., Ltd. As part of consideration, CNY 275.4 million is paid towards common equity of Chengdu Zhongkehua Micro-Electronic Co., Ltd. Recently, Kangda New Materials made the first payment of CNY 27,540,000. Kangda New Materials board approved the deal.New Risk • Jul 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Earnings have declined by 64% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change).お知らせ • Jul 02Kangda New Materials (Group) Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Kangda New Materials (Group) Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025New Risk • Jun 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Earnings have declined by 64% per year over the past 5 years.New Risk • May 05New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks High level of debt (48% net debt to equity). Paying a dividend despite being loss-making.New Risk • May 03New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 64% per year over the past 5 years.Reported Earnings • Apr 23Full year 2024 earnings released: CN¥0.82 loss per share (vs CN¥0.10 profit in FY 2023)Full year 2024 results: CN¥0.82 loss per share (down from CN¥0.10 profit in FY 2023). Revenue: CN¥3.10b (up 11% from FY 2023). Net loss: CN¥246.2m (down CN¥276.5m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.お知らせ • Apr 22Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 16, 2025Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai Chinaお知らせ • Mar 31Kangda New Materials (Group) Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Kangda New Materials (Group) Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Feb 12Kangda New Materials (Group) Co., Ltd. Announces Board ElectionsKangda New Materials (Group) Co., Ltd. announced that at its EGM held on February 10, 2025, shareholders approved the election of Chen Yu as non-independent director, Yang Jun as non-independent director, Qiu Jun as non-independent director and Xiao Guoxing as independent director.お知らせ • Jan 20Kangda New Materials (Group) Co., Ltd. (SZSE:002669) announces an Equity Buyback for CNY 200 million worth of its shares.Kangda New Materials (Group) Co., Ltd. (SZSE:002669) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 15 per share. The shares repurchased this time will be used for equity incentive plans or employee stock ownership plans in the future. The funds intended for the share repurchase will come from the company's own funds and special stock repurchase loan funds from financial institutions. The program will be valid for 12 months.お知らせ • Dec 31Kangda New Materials (Group) Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025Kangda New Materials (Group) Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025分析記事 • Nov 26Kangda New Materials (Group) Co., Ltd.'s (SZSE:002669) Share Price Is Matching Sentiment Around Its RevenuesWith a price-to-sales (or "P/S") ratio of 1.1x Kangda New Materials (Group) Co., Ltd. ( SZSE:002669 ) may be sending...Reported Earnings • Oct 30Third quarter 2024 earnings released: CN¥0.067 loss per share (vs CN¥0.013 loss in 3Q 2023)Third quarter 2024 results: CN¥0.067 loss per share (further deteriorated from CN¥0.013 loss in 3Q 2023). Revenue: CN¥816.5m (up 16% from 3Q 2023). Net loss: CN¥20.0m (loss widened 432% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.お知らせ • Sep 30Kangda New Materials (Group) Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024Kangda New Materials (Group) Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024Reported Earnings • Aug 27Second quarter 2024 earnings released: CN¥0.11 loss per share (vs CN¥0.17 profit in 2Q 2023)Second quarter 2024 results: CN¥0.11 loss per share (down from CN¥0.17 profit in 2Q 2023). Revenue: CN¥826.8m (up 27% from 2Q 2023). Net loss: CN¥31.7m (down 162% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.分析記事 • Aug 22Kangda New Materials (Group) Co., Ltd.'s (SZSE:002669) Price Is Right But Growth Is LackingYou may think that with a price-to-sales (or "P/S") ratio of 0.8x Kangda New Materials (Group) Co., Ltd. ( SZSE:002669...New Risk • Jul 01New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 104% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Paying a dividend despite having no free cash flows. Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).お知らせ • Jun 29Kangda New Materials (Group) Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024Kangda New Materials (Group) Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024Reported Earnings • Apr 30First quarter 2024 earnings released: CN¥0.083 loss per share (vs CN¥0.049 loss in 1Q 2023)First quarter 2024 results: CN¥0.083 loss per share (further deteriorated from CN¥0.049 loss in 1Q 2023). Revenue: CN¥535.6m (down 15% from 1Q 2023). Net loss: CN¥24.8m (loss widened 67% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.分析記事 • Apr 22There May Be Reason For Hope In Kangda New Materials (Group)'s (SZSE:002669) Disappointing EarningsSoft earnings didn't appear to concern Kangda New Materials (Group) Co., Ltd.'s ( SZSE:002669 ) shareholders over the...Reported Earnings • Apr 17Full year 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.18 in FY 2022)Full year 2023 results: EPS: CN¥0.10 (down from CN¥0.18 in FY 2022). Revenue: CN¥2.79b (up 13% from FY 2022). Net income: CN¥30.3m (down 37% from FY 2022). Profit margin: 1.1% (down from 1.9% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.お知らせ • Apr 16Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 10, 2024Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai ChinaValuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥8.51, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 34% over the past three years.お知らせ • Mar 30Kangda New Materials (Group) Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Kangda New Materials (Group) Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024分析記事 • Mar 26Kangda New Materials (Group) (SZSE:002669) Will Want To Turn Around Its Return TrendsIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥11.43, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 14% over the past three years.分析記事 • Mar 07Kangda New Materials (Group) Co., Ltd. (SZSE:002669) Stock Catapults 26% Though Its Price And Business Still Lag The IndustryKangda New Materials (Group) Co., Ltd. ( SZSE:002669 ) shareholders are no doubt pleased to see that the share price...Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥8.30, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 40% over the past three years.お知らせ • Dec 30Kangda New Materials (Group) Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Kangda New Materials (Group) Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024Reported Earnings • Nov 01Third quarter 2023 earnings released: CN¥0.013 loss per share (vs CN¥0.069 loss in 3Q 2022)Third quarter 2023 results: CN¥0.013 loss per share (improved from CN¥0.069 loss in 3Q 2022). Revenue: CN¥705.4m (up 30% from 3Q 2022). Net loss: CN¥3.75m (loss narrowed 80% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.お知らせ • Jul 22Kangda New Materials's Unit to Buy Shanghai Miracle Material TechnologyKangda New Materials (Group) Co., Ltd. said unit plans to buy Shanghai Miracle Material Technology for CNY 618.3 million ($85.64 million).Board Change • Jun 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Jing Li was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 13Kangda New Materials (Group) Co., Ltd. Announces Election of Independent DirectorsKangda New Materials (Group) Co., Ltd. at the Annual General Meeting of 2022 on 09 May 2023, elected Li Jing and Jiang Chaoshu as independent directors.Reported Earnings • Apr 16Full year 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.088 in FY 2021)Full year 2022 results: EPS: CN¥0.18 (up from CN¥0.088 in FY 2021). Revenue: CN¥2.47b (up 8.6% from FY 2021). Net income: CN¥47.9m (up 118% from FY 2021). Profit margin: 1.9% (up from 1.0% in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Hong Fan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 31Third quarter 2022 earnings released: CN¥0.069 loss per share (vs CN¥0.10 loss in 3Q 2021)Third quarter 2022 results: CN¥0.069 loss per share (improved from CN¥0.10 loss in 3Q 2021). Revenue: CN¥543.4m (down 5.3% from 3Q 2021). Net loss: CN¥19.1m (loss narrowed 25% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 21Second quarter 2022 earnings released: CN¥0.018 loss per share (vs CN¥0.01 loss in 2Q 2021)Second quarter 2022 results: CN¥0.018 loss per share (down from CN¥0.01 loss in 2Q 2021). Revenue: CN¥487.6m (up 5.7% from 2Q 2021). Net loss: CN¥4.28m (loss widened 73% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • May 20Kangda New Materials (Group) Co., Ltd. Omits Cash Dividend for the Year 2021Kangda New Materials (Group) Co., Ltd. approved cash dividend of CNY 0.00000000 per 10 shares (tax included) for the year 2021, at its AGM held on 18 May 2022.Reported Earnings • Apr 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥0.088 (down from CN¥0.85 in FY 2020). Revenue: CN¥2.27b (up 18% from FY 2020). Net income: CN¥22.0m (down 90% from FY 2020). Profit margin: 1.0% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Shareholder Supervisor Jun Liu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Shareholder Supervisor Jun Liu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Mar 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Shareholder Supervisor Jun Liu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Feb 15Kangda New Materials (Group) Co., Ltd. Approves Executive AppointmentsKangda New Materials (Group) Co., Ltd. at its Extraordinary General Meeting of 2022 on 11 February 2022 approved election of Huang Rangnan as non-independent directors, Fan Hong and Zhang Shanshan as independent directors, Liu Zhancheng as shareholder supervisors.Reported Earnings • Oct 29Third quarter 2021 earnings released: CN¥0.10 loss per share (vs CN¥0.34 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥573.6m (down 8.0% from 3Q 2020). Net loss: CN¥25.5m (down 130% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥13.23, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 34% over the past three years.Reported Earnings • Aug 24Second quarter 2021 earnings released: CN¥0.01 loss per share (vs CN¥0.31 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥461.2m (down 3.9% from 2Q 2020). Net loss: CN¥2.47m (down 103% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • May 11Shanghai Kangda New Materials Group Co., Ltd. Announces to Implement Final Cash Distribution Plan of A shares for 2020, Payable on 17 May, 2020Shanghai Kangda New Materials Group Co., Ltd. announced 2020 final distribution plan of A shares to be implemented. The company announced cash dividend (tax included) of CNY 2.000000 per 10 A Shares for the year 2020. Record date is 14 May, 2021; ex-date is 17 May, 2021 and payment date is 17 May, 2021.Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.087 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥386.6m (up 80% from 1Q 2020). Net income: CN¥30.2m (up 37% from 1Q 2020). Profit margin: 7.8% (down from 10% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 23Full year 2020 earnings released: EPS CN¥0.85 (vs CN¥0.56 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥1.93b (up 81% from FY 2019). Net income: CN¥215.0m (up 54% from FY 2019). Profit margin: 11% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Mar 09New 90-day low: CN¥13.87The company is down 17% from its price of CN¥16.80 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 8.0% over the same period.Reported Earnings • Mar 04Full year 2020 earnings released: EPS CN¥0.85 (vs CN¥0.56 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥1.93b (up 81% from FY 2019). Net income: CN¥215.1m (up 54% from FY 2019). Profit margin: 11% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Feb 20Shanghai Kangda New Materials Group Co., Ltd. to Report Fiscal Year 2020 Results on Mar 23, 2021Shanghai Kangda New Materials Group Co., Ltd. announced that they will report fiscal year 2020 results on Mar 23, 2021Is New 90 Day High Low • Jan 29New 90-day low: CN¥14.72The company is down 15% from its price of CN¥17.36 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 22% over the same period.Is New 90 Day High Low • Jan 08New 90-day low: CN¥15.30The company is down 11% from its price of CN¥17.28 on 09 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 15% over the same period.Is New 90 Day High Low • Dec 11New 90-day low: CN¥16.34The company is down 7.0% from its price of CN¥17.57 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥235.1m, up 112% from the prior year. Total revenue was CN¥1.71b over the last 12 months, up 87% from the prior year.お知らせ • Oct 20Shanghai Kangda New Materials Group Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020Shanghai Kangda New Materials Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020Is New 90 Day High Low • Oct 04New 90-day low: CN¥16.55The company is down 5.0% from its price of CN¥17.49 on 06 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period.お知らせ • Aug 06Yan Yueliang agreed to acquire 8.5% stake in Beijing Jinghanyu Electronic Engineering Technology Co.,Ltd. from Shanghai Kangda New Materials Group Co., Ltd. (SZSE:002669) for CNY 72 million.Yan Yueliang agreed to acquire 8.5% stake in Beijing Jinghanyu Electronic Engineering Technology Co.,Ltd. from Shanghai Kangda New Materials Group Co., Ltd. (SZSE:002669) on July 31, 2020. Yan Yueliang signed a share repurchase agreement to acquire 8.5% stake in Beijing Jinghanyu Electronic Engineering Technology Co.,Ltd. from Shanghai Kangda New Materials Group Co., Ltd. for CNY 72 million on August 1, 2020. Yan Yueliang must pay the transfer price on or before August 3, 2020. Post transaction, Yan Yueliang will hold 95% stake. Beijing Jinghanyu Electronic Engineering Technology Co., Ltd had total assets of CNY 395.4 million, net assets of CNY 296.1 million as on December 31, 2019 and had revenue of CNY 192.3 million, operating profit of CNY 86.9 million and net profit of CNY 74.4 million in 2019. The transaction does not need the shareholders’ approval. This deal has been approved in the 24th Meeting of the Shanghai Kangda New Materials Group Co., Ltd.’s 4th Directorate held on July 31, 2020. RSM China Certified Public Accountants acted as accountant for Shanghai Kangda New Materials Group Co., Ltd.お知らせ • Jul 23Shanghai Kangda New Materials Group Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020Shanghai Kangda New Materials Group Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020株主還元002669CN ChemicalsCN 市場7D19.3%-0.4%-2.1%1Y67.1%53.1%28.0%株主還元を見る業界別リターン: 002669過去 1 年間で53.1 % の収益を上げたCN Chemicals業界を上回りました。リターン対市場: 002669過去 1 年間で28 % の収益を上げたCN市場を上回りました。価格変動Is 002669's price volatile compared to industry and market?002669 volatility002669 Average Weekly Movement8.7%Chemicals Industry Average Movement7.0%Market Average Movement6.6%10% most volatile stocks in CN Market10.4%10% least volatile stocks in CN Market4.2%安定した株価: 002669の株価は、 CN市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 002669の weekly volatility ( 9% ) は過去 1 年間安定していますが、依然としてCNの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19881,710Qisheng Yaowww.shkdchem.com康達新材料（集団）有限公司は中華人民共和国で構造用接着剤の研究開発、製造、販売を行っている。同社は変性アクリレート接着剤、有機シリカゲル、エポキシ樹脂、ポリウレタン、アクリレート、SBS、PURホットメルト、水性、その他の接着剤製品を提供している。同社の製品は、風力発電、軟包装複合材、鉄道輸送、航空宇宙、海洋工学、太陽光発電、ゴム・プラスチック製品、建築工学、家電製品、自動車部品、モーター、エレベーター、鉱山機械、工業メンテナンスなどの分野で使用されている。前身は上海康達新材料集団有限公司で、2021年7月に康達新材料（集団）有限公司に社名変更した。康達新材料（集団）有限公司は1988年に設立され、中国・上海に本社を置いている。もっと見るKangda New Materials (Group) Co., Ltd. 基礎のまとめKangda New Materials (Group) の収益と売上を時価総額と比較するとどうか。002669 基礎統計学時価総額CN¥5.56b収益（TTM）CN¥125.93m売上高(TTM)CN¥5.52b44.2xPER（株価収益率1.0xP/Sレシオ002669 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計002669 損益計算書（TTM）収益CN¥5.52b売上原価CN¥4.79b売上総利益CN¥729.07mその他の費用CN¥603.13m収益CN¥125.93m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.43グロス・マージン13.22%純利益率2.28%有利子負債／自己資本比率104.8%002669 の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.5%現在の配当利回り23%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 02:52終値2026/06/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Kangda New Materials (Group) Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Miao SuGuosen Securities Co., Ltd.Runfang ZouTianfeng Securities Brokerage Co., Ltd
New Risk • 10hNew minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change).
Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥15.97, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 35% over the past three years.
New Risk • May 07New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Apr 21Full year 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.82 loss in FY 2024)Full year 2025 results: EPS: CN¥0.43 (up from CN¥0.82 loss in FY 2024). Revenue: CN¥5.24b (up 69% from FY 2024). Net income: CN¥125.4m (up CN¥371.6m from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Apr 21Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 12, 2026Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 12, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China
お知らせ • Mar 31Kangda New Materials (Group) Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Kangda New Materials (Group) Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
New Risk • 10hNew minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change).
Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥15.97, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 50x in the Chemicals industry in China. Total returns to shareholders of 35% over the past three years.
New Risk • May 07New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 36% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Apr 21Full year 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.82 loss in FY 2024)Full year 2025 results: EPS: CN¥0.43 (up from CN¥0.82 loss in FY 2024). Revenue: CN¥5.24b (up 69% from FY 2024). Net income: CN¥125.4m (up CN¥371.6m from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Apr 21Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 12, 2026Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 12, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China
お知らせ • Mar 31Kangda New Materials (Group) Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Kangda New Materials (Group) Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
お知らせ • Dec 31Kangda New Materials (Group) Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026Kangda New Materials (Group) Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026
Reported Earnings • Oct 28Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.067 loss in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.067 loss in 3Q 2024). Revenue: CN¥1.49b (up 83% from 3Q 2024). Net income: CN¥32.9m (up CN¥52.8m from 3Q 2024). Profit margin: 2.2% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 30Kangda New Materials (Group) Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025Kangda New Materials (Group) Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025
お知らせ • Sep 14Kangda New Materials (Group) Co., Ltd. (SZSE:002669) agreed to acquire 51% stake in Chengdu Zhongkehua Micro-Electronic Co., Ltd. from Nanjing Sihe Microtechnology Co., Ltd., Weihai Langshan Information Technology Co., Ltd., Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. (SHSE:603267) and Qingdao Chuyao Hongyi Venture Capital Fund Partnership Enterprise (Limited Partnership) for approximately CNY 280 million.Kangda New Materials (Group) Co., Ltd. (SZSE:002669) agreed to acquire 51% stake in Chengdu Zhongkehua Micro-Electronic Co., Ltd. from Nanjing Sihe Microtechnology Co., Ltd., Weihai Langshan Information Technology Co., Ltd., Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. (SHSE:603267) and Qingdao Chuyao Hongyi Venture Capital Fund Partnership Enterprise (Limited Partnership) for approximately CNY 280 million on August 14, 2025. A cash consideration of CNY 275.4 million will be paid by Kangda New Materials (Group) Co., Ltd. As part of consideration, CNY 275.4 million is paid towards common equity of Chengdu Zhongkehua Micro-Electronic Co., Ltd. Recently, Kangda New Materials made the first payment of CNY 27,540,000. Kangda New Materials board approved the deal.
New Risk • Jul 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Earnings have declined by 64% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change).
お知らせ • Jul 02Kangda New Materials (Group) Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Kangda New Materials (Group) Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025
New Risk • Jun 16New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Earnings have declined by 64% per year over the past 5 years.
New Risk • May 05New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks High level of debt (48% net debt to equity). Paying a dividend despite being loss-making.
New Risk • May 03New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 64% per year over the past 5 years.
Reported Earnings • Apr 23Full year 2024 earnings released: CN¥0.82 loss per share (vs CN¥0.10 profit in FY 2023)Full year 2024 results: CN¥0.82 loss per share (down from CN¥0.10 profit in FY 2023). Revenue: CN¥3.10b (up 11% from FY 2023). Net loss: CN¥246.2m (down CN¥276.5m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 22Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 16, 2025Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China
お知らせ • Mar 31Kangda New Materials (Group) Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Kangda New Materials (Group) Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Feb 12Kangda New Materials (Group) Co., Ltd. Announces Board ElectionsKangda New Materials (Group) Co., Ltd. announced that at its EGM held on February 10, 2025, shareholders approved the election of Chen Yu as non-independent director, Yang Jun as non-independent director, Qiu Jun as non-independent director and Xiao Guoxing as independent director.
お知らせ • Jan 20Kangda New Materials (Group) Co., Ltd. (SZSE:002669) announces an Equity Buyback for CNY 200 million worth of its shares.Kangda New Materials (Group) Co., Ltd. (SZSE:002669) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 15 per share. The shares repurchased this time will be used for equity incentive plans or employee stock ownership plans in the future. The funds intended for the share repurchase will come from the company's own funds and special stock repurchase loan funds from financial institutions. The program will be valid for 12 months.
お知らせ • Dec 31Kangda New Materials (Group) Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025Kangda New Materials (Group) Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025
分析記事 • Nov 26Kangda New Materials (Group) Co., Ltd.'s (SZSE:002669) Share Price Is Matching Sentiment Around Its RevenuesWith a price-to-sales (or "P/S") ratio of 1.1x Kangda New Materials (Group) Co., Ltd. ( SZSE:002669 ) may be sending...
Reported Earnings • Oct 30Third quarter 2024 earnings released: CN¥0.067 loss per share (vs CN¥0.013 loss in 3Q 2023)Third quarter 2024 results: CN¥0.067 loss per share (further deteriorated from CN¥0.013 loss in 3Q 2023). Revenue: CN¥816.5m (up 16% from 3Q 2023). Net loss: CN¥20.0m (loss widened 432% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 30Kangda New Materials (Group) Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024Kangda New Materials (Group) Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024
Reported Earnings • Aug 27Second quarter 2024 earnings released: CN¥0.11 loss per share (vs CN¥0.17 profit in 2Q 2023)Second quarter 2024 results: CN¥0.11 loss per share (down from CN¥0.17 profit in 2Q 2023). Revenue: CN¥826.8m (up 27% from 2Q 2023). Net loss: CN¥31.7m (down 162% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
分析記事 • Aug 22Kangda New Materials (Group) Co., Ltd.'s (SZSE:002669) Price Is Right But Growth Is LackingYou may think that with a price-to-sales (or "P/S") ratio of 0.8x Kangda New Materials (Group) Co., Ltd. ( SZSE:002669...
New Risk • Jul 01New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 104% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Paying a dividend despite having no free cash flows. Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin).
お知らせ • Jun 29Kangda New Materials (Group) Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024Kangda New Materials (Group) Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024
Reported Earnings • Apr 30First quarter 2024 earnings released: CN¥0.083 loss per share (vs CN¥0.049 loss in 1Q 2023)First quarter 2024 results: CN¥0.083 loss per share (further deteriorated from CN¥0.049 loss in 1Q 2023). Revenue: CN¥535.6m (down 15% from 1Q 2023). Net loss: CN¥24.8m (loss widened 67% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 22There May Be Reason For Hope In Kangda New Materials (Group)'s (SZSE:002669) Disappointing EarningsSoft earnings didn't appear to concern Kangda New Materials (Group) Co., Ltd.'s ( SZSE:002669 ) shareholders over the...
Reported Earnings • Apr 17Full year 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.18 in FY 2022)Full year 2023 results: EPS: CN¥0.10 (down from CN¥0.18 in FY 2022). Revenue: CN¥2.79b (up 13% from FY 2022). Net income: CN¥30.3m (down 37% from FY 2022). Profit margin: 1.1% (down from 1.9% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 16Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 10, 2024Kangda New Materials (Group) Co., Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥8.51, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 34% over the past three years.
お知らせ • Mar 30Kangda New Materials (Group) Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Kangda New Materials (Group) Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
分析記事 • Mar 26Kangda New Materials (Group) (SZSE:002669) Will Want To Turn Around Its Return TrendsIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥11.43, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 31x in the Chemicals industry in China. Total loss to shareholders of 14% over the past three years.
分析記事 • Mar 07Kangda New Materials (Group) Co., Ltd. (SZSE:002669) Stock Catapults 26% Though Its Price And Business Still Lag The IndustryKangda New Materials (Group) Co., Ltd. ( SZSE:002669 ) shareholders are no doubt pleased to see that the share price...
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥8.30, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 28x in the Chemicals industry in China. Total loss to shareholders of 40% over the past three years.
お知らせ • Dec 30Kangda New Materials (Group) Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Kangda New Materials (Group) Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024
Reported Earnings • Nov 01Third quarter 2023 earnings released: CN¥0.013 loss per share (vs CN¥0.069 loss in 3Q 2022)Third quarter 2023 results: CN¥0.013 loss per share (improved from CN¥0.069 loss in 3Q 2022). Revenue: CN¥705.4m (up 30% from 3Q 2022). Net loss: CN¥3.75m (loss narrowed 80% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 22Kangda New Materials's Unit to Buy Shanghai Miracle Material TechnologyKangda New Materials (Group) Co., Ltd. said unit plans to buy Shanghai Miracle Material Technology for CNY 618.3 million ($85.64 million).
Board Change • Jun 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Director Jing Li was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 13Kangda New Materials (Group) Co., Ltd. Announces Election of Independent DirectorsKangda New Materials (Group) Co., Ltd. at the Annual General Meeting of 2022 on 09 May 2023, elected Li Jing and Jiang Chaoshu as independent directors.
Reported Earnings • Apr 16Full year 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.088 in FY 2021)Full year 2022 results: EPS: CN¥0.18 (up from CN¥0.088 in FY 2021). Revenue: CN¥2.47b (up 8.6% from FY 2021). Net income: CN¥47.9m (up 118% from FY 2021). Profit margin: 1.9% (up from 1.0% in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Hong Fan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 31Third quarter 2022 earnings released: CN¥0.069 loss per share (vs CN¥0.10 loss in 3Q 2021)Third quarter 2022 results: CN¥0.069 loss per share (improved from CN¥0.10 loss in 3Q 2021). Revenue: CN¥543.4m (down 5.3% from 3Q 2021). Net loss: CN¥19.1m (loss narrowed 25% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 21Second quarter 2022 earnings released: CN¥0.018 loss per share (vs CN¥0.01 loss in 2Q 2021)Second quarter 2022 results: CN¥0.018 loss per share (down from CN¥0.01 loss in 2Q 2021). Revenue: CN¥487.6m (up 5.7% from 2Q 2021). Net loss: CN¥4.28m (loss widened 73% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • May 20Kangda New Materials (Group) Co., Ltd. Omits Cash Dividend for the Year 2021Kangda New Materials (Group) Co., Ltd. approved cash dividend of CNY 0.00000000 per 10 shares (tax included) for the year 2021, at its AGM held on 18 May 2022.
Reported Earnings • Apr 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥0.088 (down from CN¥0.85 in FY 2020). Revenue: CN¥2.27b (up 18% from FY 2020). Net income: CN¥22.0m (down 90% from FY 2020). Profit margin: 1.0% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Shareholder Supervisor Jun Liu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Shareholder Supervisor Jun Liu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Mar 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Shareholder Supervisor Jun Liu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 15Kangda New Materials (Group) Co., Ltd. Approves Executive AppointmentsKangda New Materials (Group) Co., Ltd. at its Extraordinary General Meeting of 2022 on 11 February 2022 approved election of Huang Rangnan as non-independent directors, Fan Hong and Zhang Shanshan as independent directors, Liu Zhancheng as shareholder supervisors.
Reported Earnings • Oct 29Third quarter 2021 earnings released: CN¥0.10 loss per share (vs CN¥0.34 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥573.6m (down 8.0% from 3Q 2020). Net loss: CN¥25.5m (down 130% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥13.23, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 34% over the past three years.
Reported Earnings • Aug 24Second quarter 2021 earnings released: CN¥0.01 loss per share (vs CN¥0.31 profit in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥461.2m (down 3.9% from 2Q 2020). Net loss: CN¥2.47m (down 103% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • May 11Shanghai Kangda New Materials Group Co., Ltd. Announces to Implement Final Cash Distribution Plan of A shares for 2020, Payable on 17 May, 2020Shanghai Kangda New Materials Group Co., Ltd. announced 2020 final distribution plan of A shares to be implemented. The company announced cash dividend (tax included) of CNY 2.000000 per 10 A Shares for the year 2020. Record date is 14 May, 2021; ex-date is 17 May, 2021 and payment date is 17 May, 2021.
Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.087 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥386.6m (up 80% from 1Q 2020). Net income: CN¥30.2m (up 37% from 1Q 2020). Profit margin: 7.8% (down from 10% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 23Full year 2020 earnings released: EPS CN¥0.85 (vs CN¥0.56 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥1.93b (up 81% from FY 2019). Net income: CN¥215.0m (up 54% from FY 2019). Profit margin: 11% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Mar 09New 90-day low: CN¥13.87The company is down 17% from its price of CN¥16.80 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 8.0% over the same period.
Reported Earnings • Mar 04Full year 2020 earnings released: EPS CN¥0.85 (vs CN¥0.56 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥1.93b (up 81% from FY 2019). Net income: CN¥215.1m (up 54% from FY 2019). Profit margin: 11% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Feb 20Shanghai Kangda New Materials Group Co., Ltd. to Report Fiscal Year 2020 Results on Mar 23, 2021Shanghai Kangda New Materials Group Co., Ltd. announced that they will report fiscal year 2020 results on Mar 23, 2021
Is New 90 Day High Low • Jan 29New 90-day low: CN¥14.72The company is down 15% from its price of CN¥17.36 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 22% over the same period.
Is New 90 Day High Low • Jan 08New 90-day low: CN¥15.30The company is down 11% from its price of CN¥17.28 on 09 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 15% over the same period.
Is New 90 Day High Low • Dec 11New 90-day low: CN¥16.34The company is down 7.0% from its price of CN¥17.57 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥235.1m, up 112% from the prior year. Total revenue was CN¥1.71b over the last 12 months, up 87% from the prior year.
お知らせ • Oct 20Shanghai Kangda New Materials Group Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020Shanghai Kangda New Materials Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020
Is New 90 Day High Low • Oct 04New 90-day low: CN¥16.55The company is down 5.0% from its price of CN¥17.49 on 06 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period.
お知らせ • Aug 06Yan Yueliang agreed to acquire 8.5% stake in Beijing Jinghanyu Electronic Engineering Technology Co.,Ltd. from Shanghai Kangda New Materials Group Co., Ltd. (SZSE:002669) for CNY 72 million.Yan Yueliang agreed to acquire 8.5% stake in Beijing Jinghanyu Electronic Engineering Technology Co.,Ltd. from Shanghai Kangda New Materials Group Co., Ltd. (SZSE:002669) on July 31, 2020. Yan Yueliang signed a share repurchase agreement to acquire 8.5% stake in Beijing Jinghanyu Electronic Engineering Technology Co.,Ltd. from Shanghai Kangda New Materials Group Co., Ltd. for CNY 72 million on August 1, 2020. Yan Yueliang must pay the transfer price on or before August 3, 2020. Post transaction, Yan Yueliang will hold 95% stake. Beijing Jinghanyu Electronic Engineering Technology Co., Ltd had total assets of CNY 395.4 million, net assets of CNY 296.1 million as on December 31, 2019 and had revenue of CNY 192.3 million, operating profit of CNY 86.9 million and net profit of CNY 74.4 million in 2019. The transaction does not need the shareholders’ approval. This deal has been approved in the 24th Meeting of the Shanghai Kangda New Materials Group Co., Ltd.’s 4th Directorate held on July 31, 2020. RSM China Certified Public Accountants acted as accountant for Shanghai Kangda New Materials Group Co., Ltd.
お知らせ • Jul 23Shanghai Kangda New Materials Group Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020Shanghai Kangda New Materials Group Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020
