Kingfa Science And Technology’s 2025 Revenue Exceeds RMB 65 Billion, Net Profit Up 39.44%

Recently, Jinfa Technology Co., Ltd. released its 2025 annual report and 2026 first-quarter report. In 2025, Jinfa Technology achieved a revenue of 65.396 billion yuan, an increase of 8.07% year-on-year; the net profit attributable to shareholders of the listed company was 1.15 billion yuan, an increase of 39.44% year-on-year. In the first quarter of 2026, the company achieved a revenue of 15.59 billion yuan, a decrease of 0.49% year-on-year; the net profit attributable to shareholders of the listed company was 305 million yuan, an increase of 23.72% year-on-year.

In its core business of modified plastics, Kingfa Tech has seized industry opportunities, deepened collaboration with leading enterprises across various sectors, actively advanced its global expansion, and maintained a steady and positive growth trajectory. Last year, the company achieved a record-high sales volume of 2.9506 million metric tons of modified plastic finished products, representing a 15.64% year-over-year increase. Meanwhile, the proportion of engineering plastics continued to rise, further optimizing its business structure.

Specifically, across various sub-sectors—including automotive materials, home appliance materials, new energy materials, and consumer electronics materials—global sales all recorded double-digit year-on-year growth, and the Company’s penetration and influence in multiple key downstream markets are continuously strengthening.

In the field of biodegradable plastics, Jinfa Technology continues to lead the high-end development, breaking through in high-end application scenarios such as industrial-grade additive manufacturing and food packaging barrier coatings, expanding the product matrix of functional polyester, and driving the biodegradable plastics sector to turn losses into profits.

In the field of bio-based materials, the company has achieved stable production of upstream key raw materials—bio-based succinic acid and bio-based BDO—successfully establishing an integrated, collaborative industrial chain spanning “bio-based monomers → polyesters → modified materials.” Based on this, the company has developed a full range of Bio-series new products, building a green, low-carbon competitive barrier.

Targeting three cutting-edge areas—new energy, AI computing power, and embodied intelligence—the company has launched a range of modified specialty engineering plastics, including PPA, LCP, PES, PEI, and PPSU, tailored to meet the material performance requirements of applications such as photovoltaics, energy storage, new energy vehicle electrification systems, AI servers, and intelligent robotics.

In addition, the company has a rich reserve of special engineering plastic products, and subsequent new products are expected to be launched intensively, injecting more momentum into performance growth. Products such as LCP film, polyarylethersulfone for electrolytic water hydrogen production equipment, and hollow fiber membrane-grade PES are currently in the customer validation or mass production stage. Technological breakthroughs are being accelerated into market returns.

Leveraging its vertically integrated industrial layout, Kingfa has deepened strategic synergy between its green petrochemical business and modified plastics segment, and effectively advanced cost reduction, efficiency improvement, and the differentiation and high-end evolution of its product portfolio through process technology upgrades and capacity optimization.

Last year, Ningbo Kingfa and Liaoning Kingfa actively promoted the construction of the "synthesis and modification integration" project and successfully implemented it, achieving integrated production from "resin synthesis" to "plastic modification" within the factory premises, thus reducing production and operational costs. In addition, the two subsidiaries in Ningbo and Liaoning established a pilot platform during the reporting period, connecting the three major production stages of "R&D - pilot testing - mass production," laying a solid foundation for subsequent R&D and production of high-end grades and specialty materials, and further enhancing the differentiated competitiveness of the green petrochemical business.