Up to 197 Percent Profit Surge KANGDA Sees Explosive Growth as Wind Power Drives New Materials Boom

KANGDA New Materials has projected a staggering net profit attributable to shareholders of ¥50–55 million for H1 2025, soaring by up to 197.33% year-on-year. Net profit after non-recurring items is also expected to jump 165.71%–174.12%, reaching ¥39.1–44.1 million.

The surge is fueled by robust sales in adhesives and specialty resins, especially as demand for wind power blade products remains high. KANGDA has cemented its position as China’s market leader in wind blade structural adhesives, with a full supply chain supporting both epoxy adhesives and infusion resins. In 2024, the company’s wind blade epoxy structural adhesives exceeded 40,000 tons in sales, while infusion resins hit 45,000 tons—both maintaining strong multi-year growth.

Enhanced profitability also stems from optimized resource allocation, improved asset efficiency, and lower management costs. Non-recurring income, estimated at ¥11 million, mainly comes from asset disposals, government subsidies, and dividends.

KANGDA is further expanding into electronics and moving toward the semiconductor industry via strategic acquisitions, signaling a drive for continued transformation and future growth.