Gasgoo Munich- Kingfa Sci. & Tech. Co., Ltd. recently held an online briefing to discuss its third-quarter performance, engaging investors on operational highlights and business progress for the first nine months of the year.
Financial data shows revenue for the first nine months of 2026 climbed to 53.283 billion yuan — a 7.39% increase from a year ago — as market share steadily expanded. Net profit attributable to shareholders, however, slipped to 851 million yuan, a 20.07% decline. The company attributed the drop to surging raw material costs, foreign exchange losses, and rising stock-based compensation expenses. On the cash front, operating cash flow jumped 50.74% to 3.498 billion yuan, reflecting improved liquidity driven by stricter collection efforts and optimized supply chain settlements.
Image source: Kingfa
Kingfa’s specialty engineering plastics portfolio now spans key categories including LCP, PPA, PPSU/PES, PEI, and modified PEEK, positioning the company as one of the few domestic suppliers capable of large-scale, multi-variety production. Notably, products such as LCP, PPA, and PEI have penetrated the supply chains of top-tier component manufacturers in the artificial intelligence computing sector. These materials are used in high-speed connectors, optical modules, and heat-resistant server parts, with sales of these applications now accounting for nearly one-third of total specialty engineering plastics volume.
The automotive sector remains a key end market for these materials. As the penetration of new-energy vehicles deepens and 800V high-voltage platforms gain traction, demand for high-temperature nylon in components like high-voltage connectors and battery systems is surging. Kingfa’s ultra-high-strength halogen-free flame-retardant PPA offers coolant corrosion resistance, superior electromagnetic shielding, and laser weldability — allowing it to replace metals in vehicle electronic control systems and significantly cut weight.
Globally, Kingfa has established 11 production and R&D bases across manufacturing hubs in Europe, South Asia, Southeast Asia, and North America. Overseas revenue for the first half of 2026 jumped 24.46% to 6.295 billion yuan, with its Indian and Vietnamese subsidiaries growing into the largest modified plastics producers in their respective markets. Looking ahead, the company aims to bring its Mexico and Poland plants online soon and build satellite factories tailored to client orders, ensuring localized supply for key customers.
