TacticScaleWhat Shenzhen Kingkey Smart Agriculture Times (京基智农) Does & How It Makes Money (000048.SZ)
Updated October 2026 · reflects Shenzhen Kingkey Smart Agriculture Times's latest reported financials
Chinese pig and poultry breeder with legacy real estate operations. Revenue comes primarily from selling live pigs, poultry, feed and packaged meat products into China's food supply chain, with margins tied to hog and feed prices.
How Shenzhen Kingkey Smart Agriculture Times makes money
Revenue comes primarily from selling live pigs, poultry, feed and packaged meat products into China's food supply chain, with margins tied to hog and feed prices. A second stream comes from real estate development sales, property leasing income and smart community services.
What Shenzhen Kingkey Smart Agriculture Times does
Shenzhen Kingkey Smart Agriculture Times Co., Ltd. is a Shenzhen-based agriculture and property company founded in 1979 and listed in Shenzhen. It was known as Shenzhen Kondarl (Group) Co., Ltd. until April 2020, when the name change signaled a pivot toward large-scale smart agriculture. The core business today is protein production: pig breeding and sales, breeder and broiler chicken operations, improved breed breeding, and an integrated feed business covering pig, chicken and aquatic feed. The company extends downstream into slaughtering, meat packaging, refrigeration and transport. A legacy real estate arm — development, property leasing and smart community services — continues to operate alongside the farming business.
Products & services
- Live hog breeding and sales
- Breeder chickens and broiler chickens
- Pig, chicken and aquatic feed
- Pig slaughtering and packaged meat products
- Cold-chain refrigeration and transport
- Real estate development and property leasing
京基智农是做什么的？
深圳市京基智农时代股份有限公司成立于1979年，总部位于深圳，原名深圳康达尔（集团）股份有限公司，2020年4月更名，标志着公司向规模化智慧农业转型。 目前公司主业为蛋白质生产：生猪养殖与销售、种鸡与肉鸡养殖、良种繁育，以及覆盖猪饲料、鸡饲料和水产饲料的饲料业务。产业链向下游延伸至生猪屠宰、肉制品包装、冷藏与运输。同时，公司保留房地产开发、物业租赁和智慧社区服务等原有业务，与农业板块并行运营。
What is Shenzhen Kingkey Smart Agriculture Times worth?
On an owner-earnings DCF, Shenzhen Kingkey Smart Agriculture Times's most-likely value is about ¥27 versus a recent price near ¥17 (37% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥13) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
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 →
Related companies
Yunnan Shennong Agricultural Industry (605296.SS) · Henan Shuanghui Investment & Development (000895.SZ) · Shenzhen Agricultural Power (000061.SZ) · Shandong Yisheng Livestock & Poultry Breeding (002458.SZ)