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Makes car seat covers and interior fabrics for automakers, with a small solar-power business.
Makes car seat covers and interior fabrics for automakers, with a small solar-power business.
Earns most of its income selling seat covers, interior fabrics and related trim to automakers, controlling the chain from polyester yarn through weaving to finished covers. A small solar-power business adds steady but shrinking income. A Zhuzhou state-owned investor took control in 2025, and the company is pushing into rail and aviation interiors.
Moat: narrow (customer qualification, process know-how). Full chain from polyester yarn to finished covers plus automaker approvals; the niche stays competitive.
Headquarters: Changzhou, China · Founded: 2000 · Employees: 2,189
Size Kuangda Technology (002516.SZ) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.16B, the 2043rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.29 on 6 Nov 2026.
Performance Over six months the shares fell 12.7%, against -6.9% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 3.3% over the last twelve months (peer median +10.2%); the operating margin is 11.9% (peer median 6.3%).
Valuation It trades at 2.7× enterprise value to sales against a peer median of 1.8× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.3 points above its cost of capital (9.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.36B | CN¥2.27B | CN¥2.09B | CN¥1.80B | CN¥1.77B |
| Revenue growth | — | +8% | +16% | +2% | — |
| Gross profit | CN¥644M | CN¥522M | CN¥435M | CN¥422M | CN¥421M |
| EBITDA | n/a | CN¥401M | CN¥334M | CN¥345M | CN¥385M |
| Net income | CN¥229M | CN¥184M | CN¥163M | CN¥191M | CN¥200M |
| Free cash flow | CN¥476M | CN¥335M | CN¥189M | CN¥200M | CN¥408M |
| Capital expenditure | CN¥38.4M | CN¥37.5M | CN¥38.3M | CN¥26.9M | CN¥22.3M |
| Total debt | CN¥51.6M | CN¥114M | CN¥162M | CN¥184M | CN¥180M |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Kuangda Technology 002516.SZ | $1.16B | -13% | +3% | 12% | 2.7× | 9.3% |
| Toyota Boshoku 3116.T | $2.28B | -9% | +8% | 2% | 0.1× | -7.3% |
| Adient ADNT | $1.26B | -28% | +4% | 3% | 0.1× | -17.6% |
| Lear LEA | $5.31B | -21% | +4% | 4% | 0.3× | -1.3% |
| Seiren 3569.T | $1.07B | -1% | +12% | 12% | 0.7× | -4.9% |
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 | 002516.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.8% | -3.0% | 11th highest of 21 |
| 6-month return | -12.7% | -6.9% | 10th lowest of 20 |
| Distance from 52-week high | -28.3% | -30.3% | 11th highest of 21 |
| Revenue growth (TTM) | +3.3% | +10.2% | 7th lowest of 20 |
| Operating margin | 11.9% | 6.3% | 4th highest of 21 |
| EV / Sales | 2.7× | 1.8× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 9.3% | 0.3% | 5th most demanding of 13 |
| Growth delivered (Del g) | +9.0% | +11.2% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | +0.4 pp | -11.6 pp | 3rd most demanding of 12 |
| ROIC minus cost of capital | +2.3 pp | +0.7 pp | 7th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kuangda Technology 002516.SZ | China | $1.16B | -13% | +3% | 12% | 2.7× | 9.3% | +9.0% |
| Wuxi Zhenhua Auto Parts 605319.SS | China | $1.16B | -18% | +13% | 20% | 2.6× | -4.7% | +16.0% |
| KYB 7242.T | Japan | $1.15B | +10% | +11% | 6% | 0.6× | -0.4% | +8.0% |
| Exedy 7278.T | Japan | $1.14B | -17% | 0% | 7% | 0.6× | -6.9% | +6.0% |
| Guangzhou Ruili Kormee Automotive Electronic 001285.SZ | China | $1.14B | -22% | +21% | 14% | 2.1× | n/a | n/a |
| Zhejiang EV-Tech 301607.SZ | China | $1.18B | -7% | +60% | 6% | 1.4× | 24.2% | +35.3% |
| Hl Mando 204320.KS | South Korea | $1.13B | -43% | +2% | 3% | 0.2× | -19.9% | +11.2% |
| Zhejiang Wanliyang 002434.SZ | China | $1.19B | -13% | -30% | -10% | 2.2× | n/a | n/a |
| Saf-holland SFQ.DE | Germany | $1.11B | +9% | 0% | 8% | 0.8× | 0.9% | +12.6% |
| F.C.C.Co 7296.T | Japan | $1.20B | +20% | +10% | 8% | 0.5× | -7.1% | +12.3% |
| JOST Werke JST.DE | Germany | $1.11B | +5% | +32% | 7% | 0.8× | 3.0% | +14.1% |
| Sichuan Chengfei Integration Technology 002190.SZ | China | $1.20B | -24% | +9% | -1% | 3.7× | n/a | n/a |
| Fuxin Dare Automotive Parts 300473.SZ | China | $1.10B | +28% | +21% | 5% | 1.4× | 20.8% | +10.0% |
| NASN Intelligent Tech (Zhejiang) 2261.HK | Hong Kong | $1.21B | n/a | +57% | -12% | 14.0× | n/a | n/a |
| Ruifeng Power 2025.HK | Hong Kong | $1.22B | +29% | +4% | 1% | 8.3× | n/a | n/a |
| Xiangyang Automobile Bearing 000678.SZ | China | $1.22B | +53% | -3% | -3% | 6.0× | n/a | n/a |
| SKF India (Industrial) SKFINDUS.NS | India | $1.23B | +9% | n/a | 11% | 3.3× | 36.9% | n/a |
| ARB ARB.AX | Australia | $1.08B | +1% | -4% | 16% | 2.2× | 15.7% | +2.4% |
| JBM Auto JBMA.NS | India | $1.24B | -21% | +16% | 9% | 2.2× | n/a | n/a |
| Dauch DCH | United States | $1.07B | -32% | +41% | 3% | 0.7× | n/a | n/a |
| Adient ADNT | United States | $1.26B | -28% | +4% | 3% | 0.1× | -17.6% | +2.1% |