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INDICATIVE · SAMPLE DATA
Companies/Materials/002669
002669$14.0355

Kangda New Materials Group Co Ltd

Specialty ChemicalsVerified

Kangda New Materials Group Co Ltd has a market price of 14.03 CNY and a market capitalization of 4.26 billion CNY, with a price-to-earnings ratio of 33.93 and a price-to-book ratio of 1.51. The company's liquidity position is characterized by a current ratio of 1.14 and a debt-to-equity ratio of 1.23, indicating moderate leverage and a medium liquidity risk. The company's operating cash flow is negative at -1.20 billion CNY, and its free cash flow is also negative at -126.63 million CNY, suggesting cash flow constraints. In terms of profitability, the company's return on equity is 4.46%, and its return on assets is 1.38%, both of which are below the typical thresholds for strong performance in the specialty chemicals industry. The gross profit margin is 13.58% (710.95 million CNY on 5.24 billion CNY revenue), and the operating margin is 2.83% (148.32 million CNY on 5.24 billion CNY revenue), indicating relatively low profitability compared to industry benchmarks. The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of diversification may expose the company to higher operational and market risks. The company's capital expenditures are -360.74 million CNY, indicating a reduction in investment in new projects or capacity expansion. Looking ahead, the company's growth trajectory is uncertain, with no specific numeric deltas provided for the current or next fiscal year. The company's net income of 125.44 million CNY and operating income of 148.32 million CNY suggest modest profitability, but the negative cash flows and high leverage may constrain future growth. The company's risk assessment indicates a medium liquidity risk and a low dilution risk, with key flags pointing to negative net cash after subtracting total debt. Recent events and filings do not provide specific details on the company's strategic initiatives or operational changes. The company's financial performance and risk profile suggest a need for careful monitoring of its liquidity and profitability metrics.

30-day price · 002669(missing data)
No daily-bar history available from current data sources. Alternate source pending.
Profile
CompanyKangda New Materials Group Co Ltd
Ticker002669.SZ
SectorBasic Materials
BusinessChemicals
Industry groupChemicals
IndustrySpecialty Chemicals
AI analysis

Business. Kangda New Materials Group Co Ltd is a Chinese specialty chemicals company that produces and sells chemical products, primarily serving industrial and manufacturing sectors.

Classification. Kangda New Materials Group Co Ltd is classified under the Basic Materials economic sector, Chemicals business sector, and Specialty Chemicals industry with a confidence level of 0.92.

Kangda New Materials Group Co Ltd has a market price of 14.03 CNY and a market capitalization of 4.26 billion CNY, with a price-to-earnings ratio of 33.93 and a price-to-book ratio of 1.51. The company's liquidity position is characterized by a current ratio of 1.14 and a debt-to-equity ratio of 1.23, indicating moderate leverage and a medium liquidity risk. The company's operating cash flow is negative at -1.20 billion CNY, and its free cash flow is also negative at -126.63 million CNY, suggesting cash flow constraints. In terms of profitability, the company's return on equity is 4.46%, and its return on assets is 1.38%, both of which are below the typical thresholds for strong performance in the specialty chemicals industry. The gross profit margin is 13.58% (710.95 million CNY on 5.24 billion CNY revenue), and the operating margin is 2.83% (148.32 million CNY on 5.24 billion CNY revenue), indicating relatively low profitability compared to industry benchmarks. The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of diversification may expose the company to higher operational and market risks. The company's capital expenditures are -360.74 million CNY, indicating a reduction in investment in new projects or capacity expansion. Looking ahead, the company's growth trajectory is uncertain, with no specific numeric deltas provided for the current or next fiscal year. The company's net income of 125.44 million CNY and operating income of 148.32 million CNY suggest modest profitability, but the negative cash flows and high leverage may constrain future growth. The company's risk assessment indicates a medium liquidity risk and a low dilution risk, with key flags pointing to negative net cash after subtracting total debt. Recent events and filings do not provide specific details on the company's strategic initiatives or operational changes. The company's financial performance and risk profile suggest a need for careful monitoring of its liquidity and profitability metrics.
Key takeaways
  • The company has a high debt-to-equity ratio of 1.23, indicating significant leverage and potential liquidity constraints.
  • The company's return on equity of 4.46% and return on assets of 1.38% are below typical industry benchmarks, suggesting suboptimal capital efficiency.
  • The company's operating and free cash flows are negative, indicating cash flow challenges and potential operational inefficiencies.
  • The company's revenue is concentrated in a single business segment, increasing exposure to market and operational risks.
  • The company's liquidity risk is medium, and its dilution risk is low, but the negative net cash position after subtracting total debt is a key concern.
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Financial snapshot
PeriodHA-latest
CurrencyCNY
Revenue$5.24B
Gross profit$711.0M
Operating income$148.3M
Net income$125.4M
R&D—
SG&A—
D&A—
SBC—
Operating cash flow-$1.20B
CapEx-$360.7M
Free cash flow-$126.6M
Total assets$9.11B
Total liabilities$6.30B
Total equity$2.81B
Cash & equivalents—
Long-term debt$3.46B
Valuation
Market price$14.03
Market cap$4.26B
Enterprise value$7.72B
P/E33.9
Reported non-GAAP P/E—
EV/Revenue1.5
EV/Op income52.0
EV/OCF—
P/B1.5
P/Tangible book1.5
Tangible book$2.81B
Net cash-$3.46B
Current ratio1.1
Debt/Equity1.2
ROA1.4%
ROE4.5%
Cash conversion-9.6%
CapEx/Revenue-6.9%
SBC/Revenue—
Asset intensity—
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Chemicals · cohort 11 companies
Metric002669Activity
Op margin2.8%0.4% medp25 -8.0% · p75 16.0%above median
Net margin2.4%2.3% medp25 -11.6% · p75 11.8%above median
Gross margin13.6%20.8% medp25 14.9% · p75 24.0%bottom quartile
R&D / revenue—1.1% medp25 0.5% · p75 1.3%
CapEx / revenue-6.9%6.2% medp25 5.4% · p75 10.2%bottom quartile
Debt / equity123.0%59.0% medp25 54.9% · p75 72.9%top quartile
Source: analysis-pipeline (hybrid)Generated: 2026-05-20 02:35 UTCJob: cd21dba5