---
title: "Koal Software Co.,Ltd. (603232.SH)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/603232.SH.md"
symbol: "603232.SH"
name: "Koal Software Co.,Ltd."
industry: "Systems Software"
datetime: "2026-05-20T09:39:14.466Z"
locales:
  - [en](https://longbridge.com/en/quote/603232.SH.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/603232.SH.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/603232.SH.md)
---

# Koal Software Co.,Ltd. (603232.SH)

## Company Overview

Koal Software Co., Ltd. develops public key infrastructure platform in China. The company offers identity security infrastructure, such as root certificate issuing, certificate issuing, certificate enrollment auditing system, key and certificate integrated management, and trusted identity management and control systems; cryptographic service platform, including timestamp and signature verification servers, and electronic signature systems; and authentication and access control products comprising secure authentication, SSL application delivery, API, and single sign-on gateways, as well as account management systems. It also provides endpoint security and admission control products, such as LAN access control, and endpoint security login and file protection systems; and data security and privacy protection products, including secure email, Internet safe, net shield safe, USB guardian, print control, and secure instant messaging systems.

| Item | Detail |
|------|--------|
| Industry | Systems Software |
| Exchange | CN Market |
| Website | [www.koal.com](https://www.koal.com) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: D
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-20T04:30:11.000Z

**Overall: D (0.63)**

**Industry**: Systems Software

| Metric | Value |
|--------|-------|
| Industry Ranking | 34 / 37 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

**Multi Score**: D

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -28.23% |  |
| Net Profit YoY | -264.03% |  |
| P/B Ratio | 3.50 |  |
| Dividend Ratio | 0.26% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 4563341944.34 |  |
| Revenue | 378483672.68 |  |

#### Multi Score Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -4.68% | D |
| Profit Margin | -16.55% | D |
| Gross Margin | 46.72% | B |
| Revenue YoY | -28.23% | E |
| Net Profit YoY | -264.03% | E |
| Total Assets YoY | -0.45% | D |
| Net Assets YoY | -5.02% | D |
| Cash Flow Margin | 28.94% | D |
| OCF YoY | -28.23% | E |
| Turnover | 0.24 | D |
| Gearing Ratio | 18.50% | A |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Koal Software Co.,Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-28.23%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "-264.03%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "3.50",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "0.26%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "4563341944.34",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "378483672.68",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "-4.68%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "-16.55%",
          "rating": "D"
        },
        {
          "name": "Gross Margin",
          "value": "46.72%",
          "rating": "B"
        },
        {
          "name": "Revenue YoY",
          "value": "-28.23%",
          "rating": "E"
        },
        {
          "name": "Net Profit YoY",
          "value": "-264.03%",
          "rating": "E"
        },
        {
          "name": "Total Assets YoY",
          "value": "-0.45%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "-5.02%",
          "rating": "D"
        },
        {
          "name": "Cash Flow Margin",
          "value": "28.94%",
          "rating": "D"
        },
        {
          "name": "OCF YoY",
          "value": "-28.23%",
          "rating": "E"
        },
        {
          "name": "Turnover",
          "value": "0.24",
          "rating": "D"
        },
        {
          "name": "Gearing Ratio",
          "value": "18.50%",
          "rating": "A"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -72.17 | 29/37 | 597.69 | 471.65 | 104.12 |
| PB | 3.50 | 17/37 | 4.17 | 3.42 | 2.68 |
| PS (TTM) | 12.06 | 29/37 | 12.99 | 10.79 | 7.55 |
| Dividend Yield | 0.26% | 9/37 | 0.33% | 0.26% | 0.21% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | SANGFOR (300454.SZ) | B | B | B | B | B | B |
| 02 | Hoperun Software (300339.SZ) | C | B | B | B | C | B |
| 03 | Dameng Database (688692.SH) | A | A | C | A | B | B |
| 04 | SCIYON (002380.SZ) | B | C | C | B | B | B |
| 05 | Infosec (688201.SH) | C | B | C | A | C | B |

## Institutional View

### Analyst Rating Distribution

> As of 2026-04-28T16:00:00.000Z

Total Analysts: **1**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 1 | 100% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 18.92 |
| Highest Target | 21.60 |
| Lowest Target | 21.60 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/603232.SH/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/603232.SH/norm.md)
- [Related News](https://longbridge.com/en/quote/603232.SH/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/603232.SH/filings.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**