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Shenzhen Kedali Industry Co 002850.SZ · CNY

Consumer Discretionary · Shenzhen · 🇨🇳 China

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172.28

-0.85%

Close of 9 Nov 2026, in CNY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥15.15bn

FY2016FY2025

Net income

CN¥1.76bn

FY2016FY2025

Free cash flow

CN¥1.17bn

FY2016FY2025

Shareholders' equity

CN¥13.37bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥15.15bnCN¥12.03bnCN¥10.51bnCN¥8.65bnCN¥4.47bnCN¥1.99bnCN¥2.23bnCN¥2.00bnCN¥1.45bnCN¥1.46bn
Gross profitCN¥3.42bnCN¥2.89bnCN¥2.41bnCN¥2.01bnCN¥1.14bnCN¥513.1mCN¥608.8mCN¥383.2mCN¥331.6mCN¥440.4m
Research and developmentCN¥827.8mCN¥639.5mCN¥636.5mCN¥545.1mCN¥275.2mCN¥132.4mCN¥130.1mCN¥107.2mCN¥63.8mCN¥53.1m
Operating incomeCN¥2.19bnCN¥1.72bnCN¥1.37bnCN¥1.03bnCN¥608.5mCN¥200.3mCN¥272.9mCN¥99.6mCN¥147.1mCN¥291.3m
Net incomeCN¥1.76bnCN¥1.47bnCN¥1.20bnCN¥899.7mCN¥541.6mCN¥178.6mCN¥237.3mCN¥82.3mCN¥166.0mCN¥232.7m
Diluted earnings per share6.245.434.453.732.330.871.150.380.791.47

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥23.03bnCN¥19.05bnCN¥17.22bnCN¥14.19bnCN¥7.33bnCN¥5.49bnCN¥3.77bnCN¥3.54bnCN¥3.03bnCN¥1.72bn
Cash and short-term investmentsCN¥3.95bnCN¥2.74bnCN¥2.50bnCN¥2.24bnCN¥816.7mCN¥1.32bnCN¥269.2mCN¥320.6mCN¥498.4mCN¥234.3m
Total liabilitiesCN¥9.15bnCN¥7.37bnCN¥6.71bnCN¥8.36bnCN¥2.69bnCN¥1.42bnCN¥1.21bnCN¥1.17bnCN¥704.3mCN¥726.1m
Debt—CN¥4.58bnCN¥4.27bnCN¥5.54bnCN¥1.43bnCN¥664.1mCN¥584.5mCN¥610.5mCN¥355.5mCN¥353.5m
Shareholders' equityCN¥13.37bnCN¥11.64bnCN¥10.50bnCN¥5.73bnCN¥4.55bnCN¥3.99bnCN¥2.49bnCN¥2.30bnCN¥2.26bnCN¥930.0m
Shares outstanding283m271m270m241m233m206m207m214m211m158m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥1.92bnCN¥2.15bnCN¥747.6mCN¥437.8mCN¥334.7mCN¥83.7mCN¥454.0mCN¥170.6m−CN¥68.4mCN¥312.3m
Capital spending−CN¥755.2m−CN¥1.24bn−CN¥2.41bn−CN¥2.38bn−CN¥1.19bn−CN¥452.2m−CN¥511.3m−CN¥519.4m−CN¥632.9m−CN¥323.2m
Free cash flowCN¥1.17bnCN¥905.3m−CN¥1.66bn−CN¥1.94bn−CN¥855.3m−CN¥368.5m−CN¥57.3m−CN¥348.8m−CN¥701.4m−CN¥10.9m
Dividends paid−CN¥547.0m−CN¥424.5m−CN¥70.4m−CN¥46.6m−CN¥46.6m−CN¥42.0m−CN¥42.0m−CN¥48.5m−CN¥78.4m−CN¥21.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥5.07bnCN¥4.14bnCN¥4.61bnCN¥3.96bnCN¥3.62bnCN¥3.02bnCN¥3.44bnCN¥3.15bn
Gross profitCN¥1.03bnCN¥876.8mCN¥1.12bnCN¥936.3mCN¥826.8mCN¥670.9mCN¥899.9mCN¥768.3m
Operating incomeCN¥618.5mCN¥537.1mCN¥699.6mCN¥549.6mCN¥434.0mCN¥451.6mCN¥533.4mCN¥447.5m
Net incomeCN¥481.9mCN¥461.1mCN¥579.3mCN¥415.3mCN¥382.1mCN¥387.3mCN¥455.2mCN¥368.3m
Diluted earnings per share1.711.632.051.471.351.371.681.36
Cash from operations——−CN¥22.0mCN¥502.0mCN¥754.0mCN¥678.0mCN¥360.0m−CN¥133.0m
Capital spending−CN¥420.0m−CN¥536.0m−CN¥192.0m−CN¥187.0m−CN¥181.0m−CN¥193.0m−CN¥389.0m−CN¥214.0m
Free cash flow——−CN¥214.0mCN¥315.0mCN¥573.0mCN¥485.0m−CN¥29.0m−CN¥347.0m
Total assetsCN¥24.71bnCN¥24.12bnCN¥23.03bnCN¥21.48bnCN¥20.44bnCN¥19.95bnCN¥19.05bnCN¥18.02bn
Cash and short-term investments——CN¥3.95bnCN¥3.87bnCN¥3.58bnCN¥3.51bnCN¥2.74bnCN¥2.75bn
Debt—CN¥1.47bnCN¥5.92bnCN¥4.15bnCN¥1.44bnCN¥1.44bnCN¥1.46bnCN¥1.43bn
Shareholders' equityCN¥15.12bnCN¥13.88bnCN¥13.37bnCN¥12.70bnCN¥12.23bnCN¥12.31bnCN¥11.64bnCN¥11.18bn

Financial ratios

Data as of 18 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin22.6%24.0%22.9%23.2%25.5%25.8%
Operating margin14.5%14.3%13.0%11.9%13.6%10.1%
Net margin11.6%12.2%11.4%10.4%12.1%9.0%
Return on equity13.2%12.6%11.4%15.7%11.9%4.5%
Return on assets7.7%7.7%7.0%6.3%7.4%3.3%
Free cash flow yield4.0%4.7%1.6%1.1%0.9%0.2%
Revenue growth25.9%14.4%21.5%93.7%125.1%-11.0%
Earnings growth19.9%22.5%33.5%66.1%203.2%-24.7%
Current ratio1.94x2.00x1.87x1.15x1.41x2.38x
Debt to equity0.44x0.13x0.18x0.59x0.12x0.08x
Equity ratio58.1%61.1%61.0%40.4%62.2%72.6%
Interest coverage13.91x11.48x13.70x11.80x31.46x17.09x
R&D as a share of sales5.5%5.3%6.1%6.3%6.2%6.7%
Buybacks as a share of market value-4.3%-0.5%-11.9%-3.5%-12.9%0.4%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue20.5%50.1%29.6%
Operating income28.5%61.4%28.3%
Net income25.2%58.1%27.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin23.2%23.2%23.5%23.7%
Operating margin14.4%13.6%13.5%13.3%
Net margin11.9%11.5%11.5%11.3%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings25.318.019.031.869.0108.639.748.154.2
Price to sales3.02.22.23.38.49.84.22.06.2

Dividends and splits

Per share, in the currency the company pays

Paid for 9 years. Last went ex-dividend on 29 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.502.001.500.300.200.200.200.20
  • 3-for-2 split · 25 May 2018

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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