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Electronics manufacturing services and storage-device maker, with a hard-drive assembly joint venture tied to Seagate.
Electronics manufacturing services and storage-device maker, with a hard-drive assembly joint venture tied to Seagate.
In one line: A Chinese EMS/storage assembler like Foxconn's storage arm.
Moat: narrow (scale, customer qualification). Long-standing Seagate manufacturing tie and EMS scale, but low-margin contract manufacturing.
Headquarters: Shenzhen, China · Founded: 1982 · Employees: 29,330
Size Shenzhen Kaifa Technology (000021.SZ) is a China Information Technology company (Computer Peripherals) with a market value of $6.13B, the 407th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥25.96 on 6 Nov 2026.
Performance Over six months the shares fell 11.2%, against -1.5% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 14.2% over the last twelve months (peer median +9.9%); the operating margin is 11.0% (peer median 12.4%).
Valuation It trades at 29.2× forward earnings against a peer median of 12.4× (3rd most expensive of 18).
Capital Return on invested capital runs 0.6 points above its cost of capital (8.9% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥17.3B | CN¥15.7B | CN¥14.7B | CN¥14.2B | CN¥16.0B |
| Revenue growth | — | +7% | +4% | -11% | — |
| Gross profit | CN¥3.91B | CN¥2.69B | CN¥2.30B | CN¥2.15B | CN¥1.73B |
| EBITDA | n/a | CN¥2.35B | CN¥1.87B | CN¥1.62B | CN¥1.26B |
| Net income | CN¥1.23B | CN¥1.14B | CN¥930M | CN¥645M | CN¥659M |
| Free cash flow | -CN¥1.59B | CN¥651M | CN¥1.05B | CN¥1.05B | -CN¥856M |
| Capital expenditure | CN¥1.10B | CN¥1.22B | CN¥1.43B | CN¥1.09B | CN¥1.88B |
| Total debt | CN¥14.7B | CN¥5.87B | CN¥8.61B | CN¥9.74B | CN¥11.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shenzhen Kaifa Technology 000021.SZ | $6.13B | -11% | +14% | 11% | 29.2× | n/a |
| Hon Hai Precision Industry 2317.TW | $95.6B | -3% | +25% | 4% | 10.5× | n/a |
| Western Digital WDC | $98.7B | -45% | +21% | 41% | 9.2× | 20.7% |
| BYD Electronic 0285.HK | $6.15B | -24% | +4% | 1% | 19.5× | -0.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000021.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.6% | -17.1% | 7th lowest of 21 |
| 6-month return | -11.2% | -1.5% | 7th lowest of 21 |
| Distance from 52-week high | -60.8% | -38.1% | 2nd lowest of 21 |
| Revenue growth (TTM) | +14.2% | +9.9% | 10th highest of 21 |
| Operating margin | 11.0% | 12.4% | 10th lowest of 21 |
| Forward P/E | 29.2× | 12.4× | 3rd most expensive of 18 |
| ROIC minus cost of capital | +0.6 pp | +11.1 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Kaifa Technology 000021.SZ | China | $6.13B | -11% | +14% | 11% | 29.2× | n/a | n/a |
| AUO 2409.TW | Taiwan | $6.02B | +49% | -1% | -2% | n/a | n/a | n/a |
| Gigabyte Technology 2376.TW | Taiwan | $6.01B | +7% | +38% | 5% | 8.1× | n/a | n/a |
| Brother Industries 6448.T | Japan | $6.52B | +39% | +7% | 13% | 10.5× | -6.3% | +7.2% |
| Everdisplay Optronics (Shanghai) 688538.SS | China | $6.72B | -9% | -2% | -31% | n/a | n/a | n/a |
| Seiko Epson 6724.T | Japan | $5.39B | +27% | +8% | 6% | 11.9× | 0.8% | +7.2% |
| E Ink 8069.TWO | Taiwan | $4.98B | +2% | -3% | 29% | 12.4× | -0.3% | +18.6% |
| Hubei Dinglong 300054.SZ | China | $8.79B | -2% | +7% | 30% | 51.4× | 32.2% | +15.0% |
| Biwin Storage Technology 688525.SS | China | $8.99B | -52% | +221% | 41% | 5.0× | n/a | n/a |
| Unisplendour 000938.SZ | China | $10.4B | -24% | +25% | 3% | 21.8× | n/a | n/a |
| Sichuan Changhong Electric 600839.SS | China | $3.55B | -41% | +4% | 0% | n/a | n/a | n/a |
| Hangzhou EZVIZ Network 688475.SS | China | $3.53B | -4% | +8% | 12% | 30.1× | 15.7% | +13.8% |
| Micro-Star International 2377.TW | Taiwan | $3.50B | +43% | +1% | 5% | 11.6× | n/a | n/a |
| Transcend Information 2451.TW | Taiwan | $3.22B | -13% | +286% | 67% | 3.2× | n/a | n/a |
| ADATA Technology 3260.TWO | Taiwan | $3.16B | -33% | +125% | 34% | 4.5× | n/a | n/a |
| Extreme Networks EXTR | United States | $3.15B | 0% | +11% | 6% | 17.2× | 27.3% | +4.9% |
| AURAS Technology 3324.TWO | Taiwan | $2.90B | -10% | +71% | 16% | 15.1× | n/a | n/a |
| Logitech International LOGN.SW | Switzerland | $13.2B | -1% | -1% | 18% | 16.8× | -5.7% | -4.3% |
| Lite-on Technology 2301.TW | Taiwan | $13.2B | +16% | +24% | 13% | 13.8× | n/a | n/a |
| Innodisk 5289.TWO | Taiwan | $2.76B | -35% | +334% | 49% | 2.5× | n/a | n/a |
| VusionGroup VU.PA | France | $2.61B | +11% | +45% | 10% | 16.5× | n/a | n/a |