Konka vs Garmin: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Konka Group Co Ltd (000016.CS)

Q3 202618 Aug – 17 Sep 2026

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Konka votes to quit the stock market after years of losses

Konka will voluntarily delist from Shenzhen After four straight years of losses topping 20 billion yuan, Konka decided to pull its A and B shares off the Shenzhen exchange and move to an over-the-counter market. Shareholders approved the plan on September 14, and trading has been suspended since September 4.
The voluntary delisting is the single biggest event of the period and directly ends 000016.CS's exchange listing.
Cash exit offered at 2.48 yuan per A share Panshi Runchuang and Hemao gave A-share holders a cash option at 2.48 yuan and B-share holders 0.73 Hong Kong dollars, with record dates September 22 and 28. This sets a floor-like exit price but confirms the shares will not trade normally again.
The cash option is the concrete mechanism that determines what remaining shareholders get, so it drives the stock's value now.
Half-year loss narrowed but debt still crushing First-half 2026 revenue fell 26.6% to 3.852 billion yuan, with a net loss of 173 million yuan, better than last year. But net assets are negative 6.227 billion yuan and the debt ratio is 133%, so the company is technically insolvent.
These interim numbers show why delisting happened and how weak the underlying business remains.
New lawsuits add risk, one big case closed Konka disclosed 645 million yuan of new lawsuits and arbitrations in 12 months, with 442 million yuan as defendant. Offsetting that, the Supreme People's Court rejected a 752 million yuan retrial bid against Konka, removing a major potential liability.
Legal claims are a real financial overhang, and the top court ruling is the one clearly positive legal development.

September 202618 Aug – 17 Sep 2026

▼3

Konka votes to quit the stock market after years of losses

Konka will voluntarily delist from Shenzhen After four straight years of losses topping 20 billion yuan, Konka decided to pull its A and B shares off the Shenzhen exchange and move to an over-the-counter market. Shareholders approved the plan on September 14, and trading has been suspended since September 4.
The voluntary delisting is the single biggest event of the period and directly ends 000016.CS's exchange listing.
Cash exit offered at 2.48 yuan per A share Panshi Runchuang and Hemao gave A-share holders a cash option at 2.48 yuan and B-share holders 0.73 Hong Kong dollars, with record dates September 22 and 28. This sets a floor-like exit price but confirms the shares will not trade normally again.
The cash option is the concrete mechanism that determines what remaining shareholders get, so it drives the stock's value now.
Half-year loss narrowed but debt still crushing First-half 2026 revenue fell 26.6% to 3.852 billion yuan, with a net loss of 173 million yuan, better than last year. But net assets are negative 6.227 billion yuan and the debt ratio is 133%, so the company is technically insolvent.
These interim numbers show why delisting happened and how weak the underlying business remains.
New lawsuits add risk, one big case closed Konka disclosed 645 million yuan of new lawsuits and arbitrations in 12 months, with 442 million yuan as defendant. Offsetting that, the Supreme People's Court rejected a 752 million yuan retrial bid against Konka, removing a major potential liability.
Legal claims are a real financial overhang, and the top court ruling is the one clearly positive legal development.

Latest18 Aug – 17 Sep 2026

▼3

Konka votes to quit the stock market after years of losses

Konka will voluntarily delist from Shenzhen After four straight years of losses topping 20 billion yuan, Konka decided to pull its A and B shares off the Shenzhen exchange and move to an over-the-counter market. Shareholders approved the plan on September 14, and trading has been suspended since September 4.
The voluntary delisting is the single biggest event of the period and directly ends 000016.CS's exchange listing.
Cash exit offered at 2.48 yuan per A share Panshi Runchuang and Hemao gave A-share holders a cash option at 2.48 yuan and B-share holders 0.73 Hong Kong dollars, with record dates September 22 and 28. This sets a floor-like exit price but confirms the shares will not trade normally again.
The cash option is the concrete mechanism that determines what remaining shareholders get, so it drives the stock's value now.
Half-year loss narrowed but debt still crushing First-half 2026 revenue fell 26.6% to 3.852 billion yuan, with a net loss of 173 million yuan, better than last year. But net assets are negative 6.227 billion yuan and the debt ratio is 133%, so the company is technically insolvent.
These interim numbers show why delisting happened and how weak the underlying business remains.
New lawsuits add risk, one big case closed Konka disclosed 645 million yuan of new lawsuits and arbitrations in 12 months, with 442 million yuan as defendant. Offsetting that, the Supreme People's Court rejected a 752 million yuan retrial bid against Konka, removing a major potential liability.
Legal claims are a real financial overhang, and the top court ruling is the one clearly positive legal development.

Garmin Ltd (GRMN)

Q3 202623 Jul – 6 Oct 2026

▲3

Garmin beat Q2, raised 2026 outlook, and kept launching premium devices

Q2 beat and raised full-year guidance Garmin's second-quarter revenue rose 11% to $2 billion and profit beat forecasts, led by fitness revenue up 25%. Management raised full-year revenue and earnings guidance, and the stock jumped about 16% on the news. Higher expected sales and profit are the core reason the shares moved up.
The guidance raise and earnings beat are the biggest fundamental driver of GRMN this period.
New premium watches and fitness acquisitions Garmin bought TrainingPeaks and TrainHeroic and launched the CIRQA band, then rolled out fēnix 9, Approach S72 and Enduro 4 watches priced $800-$1,100. These add higher-priced products and recurring fitness subscriptions, supporting revenue and profit growth.
Shows the product and ecosystem expansion that underpins Garmin's growth outlook.
Marine and aviation product momentum Garmin launched the GMI 40 marine instrument and SmartDrive sailboat autopilot, after marine revenue grew 14% to $341 million at strong margins. Aviation also grew on OEM and aftermarket demand. New products keep the smaller but profitable segments expanding.
Marine and aviation are meaningful profit contributors and their new launches support the raised outlook.
Free software updates and analyst praise, but weak spots remain Garmin added free fall detection and voice control to existing watches and won a Zacks Strong Buy mention, which supports its brand and pricing power. But outdoor revenue fell 2%, auto OEM profit was thin, and some funds sold, a real counterweight to the bullish story.
Gives the fair counterweight alongside the positive drivers.

August 202623 Jul – 6 Oct 2026

▲3

Garmin beat Q2, raised 2026 outlook, and kept launching premium devices

Q2 beat and raised full-year guidance Garmin's second-quarter revenue rose 11% to $2 billion and profit beat forecasts, led by fitness revenue up 25%. Management raised full-year revenue and earnings guidance, and the stock jumped about 16% on the news. Higher expected sales and profit are the core reason the shares moved up.
The guidance raise and earnings beat are the biggest fundamental driver of GRMN this period.
New premium watches and fitness acquisitions Garmin bought TrainingPeaks and TrainHeroic and launched the CIRQA band, then rolled out fēnix 9, Approach S72 and Enduro 4 watches priced $800-$1,100. These add higher-priced products and recurring fitness subscriptions, supporting revenue and profit growth.
Shows the product and ecosystem expansion that underpins Garmin's growth outlook.
Marine and aviation product momentum Garmin launched the GMI 40 marine instrument and SmartDrive sailboat autopilot, after marine revenue grew 14% to $341 million at strong margins. Aviation also grew on OEM and aftermarket demand. New products keep the smaller but profitable segments expanding.
Marine and aviation are meaningful profit contributors and their new launches support the raised outlook.
Free software updates and analyst praise, but weak spots remain Garmin added free fall detection and voice control to existing watches and won a Zacks Strong Buy mention, which supports its brand and pricing power. But outdoor revenue fell 2%, auto OEM profit was thin, and some funds sold, a real counterweight to the bullish story.
Gives the fair counterweight alongside the positive drivers.

Latest23 Jul – 6 Oct 2026

▲3

Garmin beat Q2, raised 2026 outlook, and kept launching premium devices

Q2 beat and raised full-year guidance Garmin's second-quarter revenue rose 11% to $2 billion and profit beat forecasts, led by fitness revenue up 25%. Management raised full-year revenue and earnings guidance, and the stock jumped about 16% on the news. Higher expected sales and profit are the core reason the shares moved up.
The guidance raise and earnings beat are the biggest fundamental driver of GRMN this period.
New premium watches and fitness acquisitions Garmin bought TrainingPeaks and TrainHeroic and launched the CIRQA band, then rolled out fēnix 9, Approach S72 and Enduro 4 watches priced $800-$1,100. These add higher-priced products and recurring fitness subscriptions, supporting revenue and profit growth.
Shows the product and ecosystem expansion that underpins Garmin's growth outlook.
Marine and aviation product momentum Garmin launched the GMI 40 marine instrument and SmartDrive sailboat autopilot, after marine revenue grew 14% to $341 million at strong margins. Aviation also grew on OEM and aftermarket demand. New products keep the smaller but profitable segments expanding.
Marine and aviation are meaningful profit contributors and their new launches support the raised outlook.
Free software updates and analyst praise, but weak spots remain Garmin added free fall detection and voice control to existing watches and won a Zacks Strong Buy mention, which supports its brand and pricing power. But outdoor revenue fell 2%, auto OEM profit was thin, and some funds sold, a real counterweight to the bullish story.
Gives the fair counterweight alongside the positive drivers.