N 
Ningbo Kangqiang Electronics Co 002119.SZ · CNY
Information Technology · Shenzhen · 🇨🇳 China
18.52
+0.22%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.20bn
FY2016FY2025
Net income
CN¥116.5m
FY2016FY2025
Free cash flow
CN¥24.4m
FY2016FY2025
Shareholders' equity
CN¥1.37bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.20bn | CN¥1.96bn | CN¥1.78bn | CN¥1.70bn | CN¥2.19bn | CN¥1.55bn | CN¥1.42bn | CN¥1.48bn | CN¥1.30bn | CN¥1.20bn |
| Gross profit | CN¥310.7m | CN¥219.4m | CN¥216.9m | CN¥257.6m | CN¥411.7m | CN¥287.6m | CN¥292.5m | CN¥292.8m | CN¥266.3m | CN¥228.0m |
| Research and development | CN¥88.5m | CN¥80.0m | CN¥72.9m | CN¥73.6m | CN¥80.3m | CN¥61.6m | CN¥65.1m | CN¥60.8m | CN¥50.9m | CN¥44.0m |
| Operating income | CN¥162.9m | CN¥83.1m | CN¥80.0m | CN¥109.2m | CN¥197.8m | CN¥83.0m | CN¥111.4m | CN¥102.3m | CN¥87.6m | CN¥65.8m |
| Net income | CN¥116.5m | CN¥83.2m | CN¥80.6m | CN¥102.0m | CN¥181.2m | CN¥87.9m | CN¥92.6m | CN¥80.2m | CN¥64.0m | CN¥43.6m |
| Diluted earnings per share | 0.32 | 0.22 | 0.19 | 0.26 | 0.48 | 0.22 | 0.26 | 0.22 | 0.17 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.61bn | CN¥2.34bn | CN¥2.32bn | CN¥1.91bn | CN¥2.13bn | CN¥1.83bn | CN¥1.81bn | CN¥1.68bn | CN¥1.67bn | CN¥1.59bn |
| Cash and short-term investments | — | CN¥147.8m | CN¥199.1m | CN¥297.4m | CN¥216.2m | CN¥149.8m | CN¥160.2m | CN¥169.8m | CN¥128.0m | CN¥157.7m |
| Total liabilities | CN¥1.24bn | CN¥970.4m | CN¥1.02bn | CN¥681.2m | CN¥991.7m | CN¥857.8m | CN¥918.8m | CN¥870.4m | CN¥858.7m | CN¥833.8m |
| Debt | CN¥55.0m | CN¥528.1m | CN¥537.1m | CN¥423.7m | CN¥558.6m | CN¥555.8m | CN¥657.6m | CN¥554.9m | CN¥544.0m | CN¥494.4m |
| Shareholders' equity | CN¥1.37bn | CN¥1.37bn | CN¥1.30bn | CN¥1.23bn | CN¥1.14bn | CN¥971.2m | CN¥892.7m | CN¥807.3m | CN¥739.7m | CN¥696.4m |
| Shares outstanding | 369m | 378m | 414m | 396m | 380m | 398m | 351m | 370m | 378m | 421m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥78.2m | CN¥43.9m | CN¥7.8m | CN¥297.4m | CN¥112.5m | CN¥160.5m | −CN¥8.4m | CN¥180.7m | CN¥15.7m | CN¥156.4m |
| Capital spending | −CN¥53.8m | −CN¥16.3m | −CN¥29.0m | −CN¥24.5m | −CN¥35.1m | −CN¥46.6m | −CN¥36.4m | −CN¥56.4m | −CN¥45.1m | −CN¥116.8m |
| Free cash flow | CN¥24.4m | CN¥27.6m | −CN¥21.2m | CN¥272.9m | CN¥77.3m | CN¥113.8m | −CN¥44.9m | CN¥124.2m | −CN¥29.5m | CN¥39.6m |
| Dividends paid | −CN¥24.8m | −CN¥28.5m | −CN¥29.9m | −CN¥18.7m | −CN¥9.7m | −CN¥9.4m | −CN¥7.2m | −CN¥47.4m | −CN¥49.0m | −CN¥22.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥870.2m | CN¥656.1m | CN¥635.7m | CN¥592.5m | CN¥531.8m | CN¥439.4m | CN¥477.5m | CN¥512.2m |
| Gross profit | CN¥118.4m | CN¥95.1m | CN¥86.3m | CN¥98.3m | CN¥64.3m | CN¥61.8m | CN¥29.4m | CN¥80.2m |
| Operating income | CN¥66.0m | CN¥48.7m | CN¥44.2m | CN¥49.1m | CN¥36.9m | CN¥31.9m | −CN¥1.8m | CN¥35.2m |
| Net income | CN¥37.8m | CN¥25.5m | CN¥20.1m | CN¥36.9m | CN¥33.6m | CN¥25.9m | CN¥3.8m | CN¥32.3m |
| Diluted earnings per share | 0.10 | 0.07 | 0.05 | 0.10 | 0.09 | 0.07 | 0.01 | 0.09 |
| Cash from operations | — | — | — | — | CN¥73.0m | CN¥56.0m | — | −CN¥21.0m |
| Capital spending | −CN¥9.0m | −CN¥12.0m | −CN¥18.0m | −CN¥14.0m | −CN¥11.0m | −CN¥9.0m | — | −CN¥8.0m |
| Free cash flow | — | — | — | — | CN¥62.0m | CN¥47.0m | — | −CN¥29.0m |
| Total assets | CN¥3.02bn | CN¥2.82bn | CN¥2.61bn | CN¥2.54bn | CN¥2.43bn | CN¥2.31bn | CN¥2.34bn | CN¥2.46bn |
| Cash and short-term investments | — | — | — | CN¥482.8m | CN¥206.3m | CN¥148.9m | CN¥147.8m | CN¥170.2m |
| Debt | CN¥124.9m | CN¥124.9m | CN¥55.0m | CN¥754.5m | CN¥541.2m | CN¥482.9m | CN¥528.1m | CN¥857.5m |
| Shareholders' equity | CN¥1.44bn | CN¥1.41bn | CN¥1.37bn | CN¥1.45bn | CN¥1.42bn | CN¥1.39bn | CN¥1.37bn | CN¥1.36bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 18.4% | 11.2% | 12.2% | 15.1% | 18.8% | 18.6% |
| Operating margin | 6.4% | 5.2% | 5.6% | 7.7% | 10.5% | 8.2% |
| Net margin | 5.3% | 4.2% | 4.5% | 6.0% | 8.3% | 5.7% |
| Return on equity | 8.5% | 6.1% | 6.2% | 8.3% | 15.9% | 9.1% |
| Return on assets | 4.5% | 3.6% | 3.5% | 5.3% | 8.5% | 4.8% |
| Free cash flow yield | 1.4% | 0.6% | 0.4% | 3.2% | 1.5% | 2.1% |
| Revenue growth | 12.0% | 10.4% | 4.5% | -22.4% | 41.7% | 9.2% |
| Earnings growth | 40.0% | 3.2% | -21.0% | -43.7% | 106.1% | -5.0% |
| Current ratio | 1.56x | 1.51x | 1.20x | 1.98x | 1.46x | 1.46x |
| Debt to equity | 0.04x | 0.39x | 0.54x | 0.35x | 0.49x | 0.57x |
| Equity ratio | 52.5% | 58.5% | 55.9% | 64.3% | 53.5% | 53.1% |
| Interest coverage | 8.06x | 5.67x | 5.32x | 5.95x | 7.80x | 3.81x |
| R&D as a share of sales | 4.0% | 4.1% | 4.1% | 4.3% | 3.7% | 4.0% |
| Buybacks as a share of market value | 2.4% | 8.8% | -4.6% | -4.3% | 4.6% | -13.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.9% | 7.3% | 8.0% |
| Operating income | 14.3% | 14.4% | — |
| Net income | 4.5% | 5.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.7% | 13.1% | 15.0% | 16.3% |
| Operating margin | 5.9% | 5.7% | 6.3% | 5.8% |
| Net margin | 4.8% | 5.0% | 5.7% | 4.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 52.2 | 70.3 | 68.8 | 44.4 | 30.2 | 46.6 | 48.4 | 30.4 | 45.1 | 78.4 |
| Price to sales | 2.8 | 3.0 | 3.1 | 2.7 | 2.5 | 2.6 | 3.2 | 1.6 | 2.2 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 8 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.03 | 0.03 | 0.03 | 0.05 | 0.026 | 0.025 | 0.019 |
- 7-for-5 split · 22 Jun 2018
- 2-for-1 split · 10 Jun 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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