Company Overview
IKD Co., Ltd., an automotive parts manufacturing company based in Ningbo, China, operates within the Consumer Discretionary sector, specifically in the Automobile Components industry. The company is listed on the Shanghai Stock Exchange and trades in CNH currency. As of June 16, 2025, IKD’s close price was 15.5 CNH, with a market capitalization of 15,130,000,000 CNH. The company’s 52-week high was 22.7 CNH on February 25, 2025, and its 52-week low was 11.59 CNH on August 22, 2024. IKD has a price-to-earnings ratio of 16.02 and produces a range of automotive components, including wipers, transmission, steering, engines, and commercial vehicle braking systems, marketed globally.
Recent Developments
On June 18, 2025, several key announcements were made by IKD Co., Ltd.:
Capital and Charter Amendments: IKD announced changes to its registered capital and revisions to its company charter. This move is part of the company’s strategic adjustments to align with its growth objectives and regulatory requirements.
Share Repurchase Plan: The company disclosed a plan to repurchase shares through a centralized bidding process. This initiative is likely aimed at optimizing the company’s capital structure and enhancing shareholder value.
Corporate Governance Updates: IKD announced the appointment of a new Deputy General Manager and changes to the position of Financial Director. These appointments are expected to strengthen the company’s leadership and financial management capabilities.
Board and Supervisory Committee Resolutions: The fourth session of the Board of Directors and the ninth session of the Supervisory Committee held meetings, resulting in several resolutions. These decisions are part of the company’s ongoing governance and strategic planning efforts.
Dividend Announcement
On June 17, 2025, IKD announced its 2024 annual equity distribution plan, which includes a cash dividend of 3.00 CNH per 10 shares. The equity registration date for this distribution is set for June 24, 2025. This dividend reflects the company’s commitment to returning value to its shareholders.
Additional Financial Updates
IKD also announced adjustments to the conversion price of its “Eidi Convertible Bond” based on the 2024 profit distribution plan. This adjustment is in line with the company’s financial strategy and aims to maintain the attractiveness of its convertible bonds to investors.
These developments highlight IKD’s proactive approach to corporate governance, financial management, and shareholder value enhancement. The company continues to focus on strategic growth and operational efficiency in the competitive automotive components market.