000021.SHE Shenzhen Kaifa Technology Co Ltd
- Market cap
- CNY 40.7B
- P/E
- 32.9x
- P/B
- 2.97x
- ROE
- 8.2%
- Dividend yield
- 1.15%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 000021.SHE undervalued?
Graham number000021.SHE trades 108.4% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Shenzhen Kaifa Technology Co Ltd fundamental analysis
No fundamental analysis for Shenzhen Kaifa Technology Co Ltd yet.
Shenzhen Kaifa Technology Co Ltd stock price
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About Shenzhen Kaifa Technology Co Ltd
Shenzhen Kaifa Technology Co., Ltd. provides electronics manufacturing services worldwide. The company offers hard disk components manufacturing services, including magnetic heads, hard disk PCBA, and aluminum substrates, as well as metering systems comprising electric, water, and gas meter systems. It also provides research and development, manufacturing, and logistics transportation services for medical devices, such as medical instruments, portable medical diagnostic prod…
Full company profileShenzhen Kaifa Technology Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Shenzhen Kaifa Technology Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 15.1B | 14.2B | 16.1B | 13.2B | 15.0B | 16.5B | 16.1B | 14.3B | 14.8B | 15.7B | 17.2B |
| Gross Profit | 787M | 882M | 727M | 1.23B | 1.67B | 1.56B | 1.80B | 2.13B | 2.42B | 2.89B | 3.18B |
| Operating Income | 335M | 734M | 752M | 546M | 1.12B | 1.02B | 808M | 968M | 1.24B | 1.55B | 1.94B |
| EBITDA | 612M | 818M | 453M | 915M | 1.31B | 988M | 1.17B | 1.58B | 1.81B | 2.71B | 1.80B |
| Net Income | 214M | 541M | 575M | 352M | 857M | 775M | 659M | 645M | 930M | 1.14B | 1.13B |
| EPS | 0.15 | 0.37 | 0.39 | 0.24 | 0.58 | 0.51 | 0.42 | 0.41 | 0.60 | 0.72 | 0.71 |
| Balance Sheet | |||||||||||
| Total Assets | 11.7B | 16.6B | 16.0B | 18.5B | 21.7B | 27.0B | 27.8B | 27.4B | 26.8B | 26.7B | 36.7B |
| Total Liabilities | 6.42B | 10.7B | 9.23B | 11.4B | 13.7B | 15.6B | 15.9B | 14.6B | 12.9B | 10.4B | 19.7B |
| Shareholders' Equity | 5.26B | 5.86B | 6.67B | 6.92B | 7.58B | 9.85B | 10.3B | 11.0B | 11.9B | 13.1B | 13.7B |
| Cash & Short-term Investments | 3.83B | 7.56B | 5.80B | 4.80B | 7.49B | 8.87B | 14.8B | 7.78B | 7.34B | 6.83B | 13.9B |
| Total Debt | 3.95B | 7.84B | 6.71B | 8.25B | 9.68B | 8.80B | 10.7B | 7.02B | 7.11B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 357M | 720M | 421M | -1.00B | 3.12B | 868M | 896M | 2.00B | 2.43B | 1.76B | - |
| Capital Expenditure | 1.02B | 1.21B | 776M | 1.04B | 1.94B | 2.83B | 1.88B | 1.09B | 1.43B | 1.22B | 1.01B |
| Free Cash Flow | -665M | -495M | -355M | -2.04B | 1.18B | -1.96B | -989M | 916M | 997M | 544M | -1.40B |
| Ratios | |||||||||||
| ROE | 4.1% | 9.2% | 8.6% | 5.1% | 11.3% | 7.9% | 6.4% | 5.9% | 7.8% | 8.7% | 8.2% |
| ROA | 1.8% | 3.3% | 3.6% | 1.9% | 4.0% | 2.9% | 2.4% | 2.4% | 3.5% | 4.3% | 3.1% |
| Net Profit Margin | 1.4% | 3.8% | 3.6% | 2.7% | 5.7% | 4.7% | 4.1% | 4.5% | 6.3% | 7.2% | 6.6% |
| Debt to Equity | 0.75x | 1.34x | 1.01x | 1.19x | 1.28x | 0.89x | 1.04x | 0.64x | 0.60x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Shenzhen Kaifa Technology Co Ltd dividends
- Dividend yield
- 1.15%
- Forward dividend
- 0.22 CNY
- Payout ratio
- 41.3%
- Ex-dividend date
- Jun 11, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 469M | 0.30 | 41.3% |
| 2024 | CNY 458M | 0.29 | 49.2% |
| 2023 | CNY 485M | 0.31 | 75.3% |
| 2022 | CNY 234M | 0.15 | 35.5% |
| 2021 | CNY 250M | 0.16 | 32.2% |
| 2020 | CNY 88.3M | 0.06 | 10.3% |
| 2019 | CNY 147M | 0.10 | 41.8% |
| 2018 | CNY 266M | 0.18 | 46.3% |
| 2017 | CNY 252M | 0.17 | 46.6% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1.5:1 on Jun 10, 2010.
Who owns Shenzhen Kaifa Technology Co Ltd
- Insiders 37.33%
- Institutions 1.96%
- Public & others 60.71%
- Shares outstanding 1.58B
- Free float 987M
Shenzhen Kaifa Technology Co Ltd company profile
- Company name
- Shenzhen Kaifa Technology Co Ltd
- Ticker
- 000021.SHE
- ISIN
- CNE000000FK4
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Nov 22, 1993
- Sector
- Technology
- Industry
- Technology Hardware, Storage & Peripherals
- Employees
- 29,330
- Fiscal year end
- December
- Address
- 7006 Caitian Road, Shenzhen, China, 518035
- Phone
- 86 755 8303 2000
- Website
- kaifa.cn
About Shenzhen Kaifa Technology Co Ltd
Shenzhen Kaifa Technology Co., Ltd. provides electronics manufacturing services worldwide. The company offers hard disk components manufacturing services, including magnetic heads, hard disk PCBA, and aluminum substrates, as well as metering systems comprising electric, water, and gas meter systems. It also provides research and development, manufacturing, and logistics transportation services for medical devices, such as medical instruments, portable medical diagnostic products, disposable medical consumables, and medical product PCBA, as well as material procurement, manufacturing, testing, assembly, logistics, and after-sales services for smart devices, such as electric scooters, printers, and E-ink tablets. In addition, the company offers commercial and industrial services for industrial control, IoT intelligent hardware, and new energy products, as well as battery management systems and body electronic control module automotive electronics solutions. Shenzhen Kaifa Technology Co., Ltd. was incorporated in 1985 and is based in Shenzhen, China.
Shenzhen Kaifa Technology Co Ltd management
4- Mr. Guorong ZhengPresident & Director · born 1958
- Mr. Shanggyun MoExecutive VP & Financial Manager · born 1966
- Ms. Yan ZhongBoard Secretary · born 1984
- Yang PengHead of the Accounting Department