Shenzhen Kedali Industry Co Ltd

The company maintains a conservative capital structure, with a debt-to-equity ratio of 0.16, indicating a relatively low reliance on debt financing. Its liquidity position is moderate, as reflected by a current ratio of 1.97, suggesting the company can cover its short-term obligations but may not have substantial excess liquidity. The operating cash flow of 1.92 billion CNY supports its capital expenditures of -639.69 million CNY, indicating that the company is reinvesting in its operations.

Profitability metrics show a return on equity of 3.15% and a return on assets of 1.97%, which are below the industry median for electronic equipment and parts. The gross profit margin of 23.21% (681.72 million CNY on 2.94 billion CNY revenue) is in line with industry norms, but the operating margin of 13.62% (399.94 million CNY) suggests that the company is managing its operating expenses effectively.

Geographically, the company's revenue is concentrated in China, with no significant international exposure disclosed. Its business is segmented into electronic components and parts, with no material diversification across product lines. This concentration may expose the company to regional economic and regulatory risks.

The company's growth trajectory is modest, with no specific revenue growth rate provided. Analysts have assigned a mean price target of 225.10 CNY, with a median of 219.00 CNY, indicating a generally positive outlook. The mean recommendation of 1.40 suggests a strong buy consensus among analysts.

Risk factors include a moderate liquidity risk, as the company's net cash is negative after subtracting total debt. The dilution risk is low, with no significant dilution expected in the near term. The company has not issued additional shares recently, and there is no indication of a pending equity offering.

Recent events include the publication of the latest financial report, which shows a stable financial position. No major regulatory or legal issues have been disclosed in the recent filings. The company's capital expenditures are being funded by its operating cash flow, indicating a disciplined approach to reinvestment.

Shenzhen Kedali Industry Co Ltd (002850.SZ) has been formally classified within the Technology sector, specifically under the Technology Equipment activity. This new taxonomy designation provides a clearer structural definition of the company’s operational focus, aligning its profile with the broader technology industry landscape. The risk assessment for the company now indicates a low dilution risk, suggesting that the potential for shareholder equity to be eroded through new share issuance is currently minimal. This stability in capital structure is a positive indicator for existing investors concerned about ownership concentration. Conversely, the liquidity risk has been assessed as medium. This classification highlights a moderate level of concern regarding the ease with which the company’s shares can be bought or sold without significantly affecting the price, a factor that traders and institutional investors must weigh against the low dilution profile. With two analysts currently covering the stock and no reported index memberships or top holders in the available data, the market’s immediate quantitative footprint remains limited. The combination of a defined technology sector role, low dilution risk, and medium liquidity risk offers a foundational view of the company’s current financial and operational standing.

Revenue grew at a 35.8% CAGR from 2022 to 2026, demonstrating strong top-line expansion momentum.

Operating and net margins exceed the 75th percentile of the Electronic Equipment & Parts cohort.

Free cash flow surged 121.2% year-over-year in 2026, indicating significantly improved cash generation.

Analysts assign a strong buy rating with a mean price target implying 18.2% upside.

Cash conversion ratio of 5.66 ranks as best-in-class within the peer cohort.

The company faces high credit risk, posing a significant threat to financial stability.

Capex to revenue ratio sits in the bottom quartile, suggesting heavy capital intensity.

Medium liquidity risk indicates potential challenges in meeting short-term financial obligations.

Revenue ¥4.61B, +34,1% YoY; Operating income +36,2% YoY.

• ▍Revenue ¥4.61B, +34,1% YoY
• ▍Operating income +36,2% YoY
• ▍Net income +27,3% YoY
• ▍Net margin 12.6%

Revenue ¥3.96B, +25,8% YoY; Operating income +24,1% YoY.

• ▍Revenue ¥3.96B, +25,8% YoY
• ▍Operating income +24,1% YoY
• ▍Net income +12,8% YoY
• ▍Net margin 10.5%

Revenue ¥3.62B, +23,3% YoY; Operating income +8,5% YoY.

• ▍Revenue ¥3.62B, +23,3% YoY
• ▍Operating income +8,5% YoY
• ▍Net income +12,5% YoY
• ▍Net margin 10.5%

Revenue ¥3.02B; Operating income ¥416.4M.

• ▍Revenue ¥3.02B
• ▍Operating income ¥416.4M
• ▍Net margin 12.8%

Revenue ¥3.44B; Operating income ¥533.4M.

• ▍Revenue ¥3.44B
• ▍Operating income ¥533.4M
• ▍Net margin 13.2%

Revenue ¥3.15B; Operating income ¥430.1M.

• ▍Revenue ¥3.15B
• ▍Operating income ¥430.1M
• ▍Net margin 11.7%

Revenue ¥2.94B; Operating income ¥399.9M.

• ▍Revenue ¥2.94B
• ▍Operating income ¥399.9M
• ▍Net margin 11.6%

Revenue ¥15.21B, +26,5% YoY; Operating income +19,8% YoY.

• ▍Revenue ¥15.21B, +26,5% YoY
• ▍Operating income +19,8% YoY
• ▍Net income +19,9% YoY
• ▍Free cash flow +121,2% YoY
• ▍Net margin 11.6%

Revenue ¥12.03B, +14,4% YoY; Operating income +24,9% YoY.

• ▍Revenue ¥12.03B, +14,4% YoY
• ▍Operating income +24,9% YoY
• ▍Net income +22,6% YoY
• ▍Free cash flow +189,5% YoY
• ▍Net margin 12.2%

Revenue ¥10.51B, +21,5% YoY; Operating income +31,7% YoY.

• ▍Revenue ¥10.51B, +21,5% YoY
• ▍Operating income +31,7% YoY
• ▍Net income +33,2% YoY
• ▍Free cash flow +44,3% YoY
• ▍Net margin 11.4%

Revenue ¥8.65B, +93,7% YoY; Operating income +69,7% YoY.

• ▍Revenue ¥8.65B, +93,7% YoY
• ▍Operating income +69,7% YoY
• ▍Net income +66,4% YoY
• ▍Free cash flow −156,5% YoY
• ▍Net margin 10.4%

Revenue ¥4.47B; Operating income ¥608.5M.

• ▍Revenue ¥4.47B
• ▍Operating income ¥608.5M
• ▍Net margin 12.1%