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GKG Precision Machine Co. Ltd. A

GKG Precision Machine Co., Ltd. provides precision automation equipment in China and internationally. Its offerings include precision solder paste printing equipment for 3C and consumer electronics, new energy, semiconductor, aerospace and military, medical treatment, LED packaging, and new display package industries, as well as precision dispensing equipment and dispensing valves such as dispensing machines and precision fluid control. The company also supplies precision packaging equipment for the semiconductor, miniLED, LED, and COB flexible lamp strip industries, along with flexible manufacturing systems. Founded in 2005, it is headquartered in Dongguan, China.

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Kaige Precision Machinery first-half 2026 net profit 137 million yuan, up 104.69% year on year

Kaige Precision Machinery disclosed its 2026 semi-annual report. In the first half, net profit attributable to the parent company reached 137 million yuan, up 104.69% year on year. Total operating revenue for the same period was 733 million yuan, up 61.53% year on year. Net profit after deducting non-recurring items was 133 million yuan, up 111.20% year on year. Net cash flow from operating activities was 11.52 million yuan, up 88.05% year on year. Basic earnings per share during the reporting period were 0.92 yuan, and the weighted average return on equity was 8.08%, up 3.6 percentage points year on year. Based on the closing price on August 21, the company's price-to-earnings ratio was about 58.83 times, price-to-book ratio about 8.82 times, and price-to-sales ratio about 10.54 times.
301338.CS · Capital · Positive First-half net profit up 104.69% YoY, revenue up 61.53%, strong earnings report.
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Kaige Precision’s core IPO project shifts to Nanchang after less than 5% investment; production delayed to end‑2028

Kaige Precision announced adjustments to its Precision Intelligent Manufacturing Equipment Production Base project, originally slated for completion by the end of 2026. The project had a committed investment of 238 million yuan, but as of 30 June 2026 only 9.79 million yuan had been spent, representing progress of just 4.11 percent. The company will use its wholly owned subsidiary Nanchang Kaike to participate in a judicial auction for industrial land and above‑ground buildings in Nanchang High‑tech Zone, adding 107 million yuan in factory acquisition costs. Equipment investment will be cut from 102 million yuan to 46.6 million yuan, and all site leasing expenses will be cancelled. The date by which the project is expected to reach its intended usable state has been pushed back to 31 December 2028. The company said Nanchang has a complete electronic information industry cluster and is adjacent to Wuhan, a hub for the optical communications industry, making it easier to reach optical communications customers in central China. In recent years, its automated assembly line for 800G optical modules has won recognition from overseas customers, and it has launched a 1.6T product line. In 2025, Kaige Precision posted revenue of 1.156 billion yuan and net profit attributable to the parent of 187 million yuan, up 34.93 percent and 164.80 percent year‑on‑year respectively. In the first quarter of 2026, revenue reached 340 million yuan and net profit attributable to the parent was 64.98 million yuan, surging 72.80 percent and 95.66 percent year‑on‑year. However, progress on its core production project remains slow, and the pace of capacity expansion still needs to be tested.
301338.CS · Capital · Negative Core IPO project delayed to end-2028 with only 4.11% investment progress, indicating poor capital deployment and execution risk.
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