TacticScaleWhat Kingfa Sci. & Tech (金发科技) Does & How It Makes Money (600143.SS)
Updated October 2026 · reflects Kingfa Sci. & Tech's latest reported financials
Chinese maker of modified plastics and advanced polymer materials. Kingfa earns revenue by selling plastic and polymer materials to manufacturers in automotive, home appliance, electronics and other industries worldwide.
How Kingfa Sci. & Tech makes money
Kingfa earns revenue by selling plastic and polymer materials to manufacturers in automotive, home appliance, electronics and other industries worldwide. It also sells light hydrocarbon products, polypropylene and styrene resins, and medical and health polymer materials.
What Kingfa Sci. & Tech does
Kingfa Sci. & Tech., founded in 1993 and headquartered in Guangzhou, is a Chinese chemical materials company. Its core business is modified plastics, meaning plastics engineered for specific properties. It also makes recycled and biodegradable plastics, specialty engineering plastics and fiber-reinforced composites, and it has moved into upstream resins such as polypropylene and styrene, as well as light hydrocarbons and hydrogen energy. Its customers work in automotive, home appliance, electronics, communications, new infrastructure, new energy, agriculture, logistics, rail transportation, aerospace and high-end equipment. It also makes medical and health polymer materials and sells worldwide.
Products & services
- Modified plastics
- Recycled and biodegradable plastics
- Specialty engineering plastics
- Fiber-reinforced composites
- Polypropylene and styrene resins
- Medical and health polymer materials
金发科技是做什么的？
金发科技成立于1993年，总部位于广州，是一家新型化工材料企业。公司以改性塑料为核心业务，同时生产可回收和可降解塑料、特种工程塑料、纤维增强复合材料，并涉及聚丙烯树脂、苯乙烯类树脂等上游产品，以及轻烃和氢能业务。 公司产品用于汽车、家电、电子电气、通信、新基建、新能源、现代农业、现代物流、轨道交通、航空航天和高端装备等行业，还生产医疗健康高分子材料，业务面向全球市场。
What is Kingfa Sci. & Tech worth?
On an owner-earnings DCF, Kingfa Sci. & Tech's most-likely value is about ¥36 versus a recent price near ¥13 (64% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥16) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $13 is below even the no-growth floor ($16); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -2.3%/yr. A bargain only if that pessimism is overdone.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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