Kuangda Technology Group Co., Ltd.
旷达科技
002516
Shenzhen Stock Exchange
Company Profile
I. Backing by State-owned Capital: Long-term Growth Drivers via Industrial Synergy and Capital Support As the controlling shareholder, state-owned capital injects strong momentum and solid support into the Company’s development. On the one hand, it helps the Company precisely align with relevant industrial policies and access industrial resources and cooperative projects. On the other hand, by fully leveraging the state-owned shareholder’s capabilities in industrial chain integration and synergy, the Company deepens strategic cooperation with core upstream and downstream enterprises, enhancing product market recognition, brand influence and industrial credibility. Meanwhile, the state-owned ownership facilitates the use of capital market tools, providing sufficient funding and full-chain resource support for the accelerated implementation and large-scale development of high-quality projects. This accelerates the layout of emerging sectors to achieve key breakthroughs, consolidates the Company’s long-term value and competitiveness, and enables better returns to investors through sound operation and sustainable growth. II. Technological R&D and Innovation Barriers: Full-chain Advantages from Material Sources, CMF Design to In-house Core Process Equipment 1. Full-industry-chain R&D System The Company has established a full-process R&D system covering fiber raw materials, fabric weaving and interior finished products. Supported by a national-level enterprise technology center, it has formed a closed-loop capability: basic material R&D – process innovation – CMF design – industrialization. In eco-friendly materials: water-based fixed-island microfiber leather, recycled fibers and other products have obtained GRS (Global Recycled Standard) certification, meeting strict low-VOC and recyclability requirements of domestic and overseas automakers. In high-end materials: microfiber suede products match top international brands in handfeel and style, and adopt water-based processes with superior performance in odor control and restricted substances. Their market share in high-end interiors for new energy vehicles has risen significantly, forming an irreplicable technological barrier. 2. CMF Design and Cultural Empowerment The Company took the lead in integrating traditional culture with modern automotive interior demand. In 2025, it held the CMF Trend Conference for Automotive Interior Skin Materials: Song Dynasty Aesthetics & Modern Demand. By empowering products with culture through color, material and finish, the Company enhanced product added value, with notable year-on-year growth in customized fabric orders. Such cutting-edge trend insight and cultural IP empowerment create differentiated competitive advantages, making the Company a key partner in automakers’ interior design and supporting systems, and strengthening its core competitiveness and long-term growth potential. 3. Independent Innovation in Process Equipment During the reporting period, the Company’s self-developed flame laminating machine was officially put into use, greatly improving production automation and process consistency. The second-phase plant of the synthetic leather factory was commissioned, forming large-scale production capacity with 3 coating lines. The fly knitting project achieved full capacity in the same year of investment, verifying the Company’s high efficiency in converting R&D achievements into production capacity, which provides a solid foundation for revenue growth. III. Customer and Supply Chain Advantages: Deep Integration with Mainstream Automakers and Global Service Capability 1. High-quality and Stable Customer Structure As a core tier-2 supplier to automakers, the Company has deployed production and service bases in Changzhou, Changchun, Tianjin, Wuhan, Guangzhou, Liuzhou, Xi’an and other regions. It has deeply bound with leading domestic automakers and successfully entered the supply chains of internationally renowned brands, establishing a sound customer sales and service system. This dual-circulation customer layout (domestic and overseas) serves as a core pillar for steady revenue growth and sustainable development. 2. Full-industry-chain Delivery Capability The Company has built a complete industrial chain from fiber production and weaving to finished interior components, providing automakers with systematic “material + finished product” solutions. This effectively controls costs and ensures delivery stability. Amid increasing supply chain volatility, such vertical integration has become a key advantage in resisting risks and improving profitability, strengthening market recognition of the Company’s anti-cyclical capability. IV. Management and Talent Advantages: Stable Core Team and Efficient Operation System 1. Stable Core Management and Technical Team During the reporting period, the Company’s core team has decades of in-depth experience in the automotive interior industry, with holistic strategic vision and extensive industrial expertise. It can accurately grasp industry trends and customer demands, providing reliable support for long-term development. 2. Lean Operation and Cost Control Guided by the principle of “quality-driven, efficiency-leading”, the Company continuously promotes lean management through informatization and intelligentization. Scale effect has gradually emerged, cost control capability has been continuously enhanced, further improving profitability and market competitiveness. V. Strategic Layout and Emerging Sector Potential: Unlocking Long-term Growth Space 1. Accelerated Breakthrough in Emerging Businesses While maintaining steady growth in the core automotive interior business, the Company has deployed in the radio frequency filter sector through equity participation in Xintouwei. In 2025, Xintouwei entered the supply chains of multiple well-known brands, with steadily improving yield of high-end products at its domestic plant, establishing full-industry-chain competitive advantages in RF filter manufacturing. The Company is in a strategic development period featuring “stable growth in core interior business + accelerated breakthrough in emerging businesses”, laying a solid foundation for long-term development. 2. Forward Layout in Cutting-edge Fields In cutting-edge technologies, the Company adheres to an early layout strategy via industry-university-research collaboration. Leveraging technical reserves, R&D capabilities and talent resources from research institutes, it focuses on joint research in emerging fields to preemptively seize technological high ground and consolidate underlying technologies. This prepares the Company for future business expansion and cultivation of new growth drivers, demonstrating its innovation vitality and long-term value to investors.
Full description
Kuangda Technology Group Co., Ltd. primarily engages in the research, development, production, and sales of automotive interior materials and components, as well as the investment and operation of photovoltaic power plants. Additionally, the company has entered the field of RF front-end filters through investments in joint ventures. In 2025, the company achieved operating income of RMB 2,275.7468 million, a year-on-year increase of 8.46%; net profit attributable to shareholders of the listed company was RMB 184.1773 million, up 12.65% year-on-year; net profit attributable to the parent company after deducting non-recurring gains and losses was RMB 170.7600 million, a year-on-year increase of 26.74%. The profit structure continued to optimize, and operating efficiency improved steadily. 1. Automotive Interior Business During the reporting period, the company maintained sound overall operation with outstanding performance in the automotive interior business. It achieved operating income of RMB 2,136.1610 million, up 10.92% year-on-year, and net profit of RMB 184.1287 million, up 39.43% year-on-year. Both revenue and profit achieved double-digit growth, making it the core growth engine of the company’s performance. The delivery volume and production capacity of synthetic leather, microfiber suede and other products increased significantly. The flyknit project realized “investment and full production in the same year”, with continuously enhanced technological and market competitiveness. 2. Photovoltaic Power Generation Business In 2025, the cumulative power generation of the company’s photovoltaic power stations was 206.5174 million kWh, a year-on-year decrease of 16.20%. The revenue from photovoltaic power generation and other businesses reached RMB 139.5858 million, down 19.03% year-on-year. The net profit attributable to the parent company from the new energy business was RMB 48,600, a year-on-year decrease of 99.85%. 3. Filter Business of Important Associated Company During the reporting period, SITO, an important associated company, achieved operating income of RMB 98.4285 million, a year-on-year increase of 46.20%. Its domestic factory has fully entered formal operation, successfully passed three management system certifications, and achieved full-line production of TC/TF-SAW products. The performance of core products reaches the industry-leading level, and a full industrial chain competitive advantage in RF filter manufacturing has been established. Affected by factors such as depreciation from fixed asset capitalization, increased R&D investment and ramp-up period of capacity utilization, the net profit attributable to the parent company was under phased pressure.