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Shenzhen Kedali Industry (002850) investor relations material
Shenzhen Kedali Industry Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 reached ¥4.14 billion, up 37.09% year-over-year, with net profit attributable to shareholders at ¥461 million, a 19.06% increase year-over-year.
Gross margin remained stable as cost increases tracked revenue growth; R&D expenses surged 58.15% year-over-year, reflecting investment in new projects and products.
Cash flow from operating activities dropped 67.43% year-over-year, mainly due to increased balances of bank acceptance bills and supply chain notes.
Financial highlights
Operating income: ¥4.14 billion, up 37.09% year-over-year.
Net profit attributable to shareholders: ¥461 million, up 19.06% year-over-year.
Basic EPS: ¥1.67, up 17.61% year-over-year.
Total assets at quarter-end: ¥24.12 billion, up 4.74% from year-end 2025.
Owner's equity: ¥13.88 billion, up 3.77% from year-end 2025.
Outlook and guidance
Increased R&D and capital expenditures signal continued expansion and product innovation.
Management expects ongoing sales growth driven by higher order volumes.
- Net profit rose 27.38% year-over-year on 10.75% revenue growth, with strong cash flow and capacity expansion.002850
Q2 202413 Jul 2026 - Q3 2024 saw double-digit revenue and profit growth, with robust cash flow and margin gains.002850
Q3 202413 Jul 2026 - 2024 net profit rose 22.55% to ¥1.47B on 14.44% revenue growth and strong cash flow.002850
Q4 202413 Jul 2026 - Revenue and profit rose sharply on robust new energy demand and expanded capacity.002850
Q2 202513 Jul 2026 - Q1 2025 saw double-digit revenue and profit growth, with strong cash flow and higher R&D spend.002850
Q1 202513 Jul 2026 - Strong revenue and profit growth supported by global expansion and strategic investments.002850
Q3 202513 Jul 2026 - Revenue up 26.46% and net profit up 19.87% with strong R&D and global expansion.002850
Q4 202513 Jul 2026
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