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Chinese maker of battery packs for smartphones, laptops, power tools and electric vehicles.
Chinese maker of battery packs for smartphones, laptops, power tools and electric vehicles.
Buys cells from cell makers and assembles them into packs with protection circuits, tailored to each device customer, so it earns an assembly and design margin on top of cell cost and depends on a few device makers' product cycles. It is part of the Desay group, based in Huizhou.
Moat: none (customer qualification). OEM-qualified battery-pack assembler, but pack assembly is a lower-margin, competitive segment.
Headquarters: Shenzhen, Guangdong, China · Founded: 1998 · Employees: 15,450
Size Shenzhen Desay Battery Technology (000049.SZ) is a China Industrials company (Electrical Products) with a market value of $1.20B, the 1964th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥21.03 on 6 Nov 2026.
Performance Over six months the shares fell 27.6%, against -32.0% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 8.9% over the last twelve months (peer median +15.1%); the operating margin is 1.6% (peer median 3.3%).
Valuation It trades at 19.5× forward earnings against a peer median of 24.1× (6th cheapest of 13).
Capital Return on invested capital runs 1.1 points above its cost of capital (5.7% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥24.0B | CN¥22.4B | CN¥20.8B | CN¥20.2B | CN¥21.7B |
| Revenue growth | — | +7% | +3% | -7% | — |
| Gross profit | CN¥2.66B | CN¥1.84B | CN¥1.95B | CN¥1.69B | CN¥2.05B |
| EBITDA | n/a | CN¥901M | CN¥1.05B | CN¥1.13B | CN¥1.31B |
| Net income | CN¥417M | CN¥292M | CN¥413M | CN¥562M | CN¥866M |
| Free cash flow | -CN¥516M | CN¥256M | -CN¥784M | CN¥1.08B | -CN¥1.07B |
| Capital expenditure | CN¥918M | CN¥999M | CN¥1.18B | CN¥1.83B | CN¥1.47B |
| Total debt | CN¥5.48B | CN¥4.51B | CN¥4.26B | CN¥4.56B | CN¥3.31B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shenzhen Desay Battery Technology 000049.SZ | $1.20B | -28% | +9% | 2% | 19.5× | n/a |
| Sunwoda Electronic 300207.SZ | $5.37B | -33% | +36% | -1% | 16.0× | n/a |
| Huizhou Desay SV Automotive 002920.SZ | $7.12B | -23% | +12% | 7% | 17.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000049.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.6% | -17.3% | 5th highest of 21 |
| 6-month return | -27.6% | -32.0% | 7th highest of 20 |
| Distance from 52-week high | -33.2% | -56.5% | 4th highest of 21 |
| Revenue growth (TTM) | +8.9% | +15.1% | 10th lowest of 21 |
| Operating margin | 1.6% | 3.3% | 10th lowest of 21 |
| Forward P/E | 19.5× | 24.1× | 6th cheapest of 13 |
| ROIC minus cost of capital | +1.1 pp | -4.1 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Desay Battery Technology 000049.SZ | China | $1.20B | -28% | +9% | 2% | 19.5× | n/a | n/a |
| SPG 058610.KS | South Korea | $1.20B | -42% | -7% | 5% | 104.8× | 40.9% | -0.8% |
| Lotte Energy Materials 020150.KS | South Korea | $1.21B | -53% | -12% | -13% | n/a | n/a | n/a |
| Jiangsu Xihua New Energy Technology 603248.SS | China | $1.21B | -31% | +32% | 33% | n/a | n/a | n/a |
| PowerX 485A.T | Japan | $1.20B | -55% | +213% | -1% | n/a | n/a | n/a |
| Taihan Fiberoptics 010170.KS | South Korea | $1.21B | -30% | +6% | -10% | n/a | n/a | n/a |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 38.9× | 20.6% | +28.4% |
| Jiangsu Zenergy Battery Technologies 3677.HK | Hong Kong | $1.19B | -56% | +58% | 6% | 8.1× | n/a | n/a |
| PFISTERER PFS0.DE | Germany | $1.18B | n/a | +17% | 14% | 16.6× | 15.5% | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 78.0× | n/a | n/a |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | n/a | n/a | n/a |
| Harbin Electric Corp. Jiamusi Electric Machine 000922.SZ | China | $1.18B | -22% | +3% | 7% | 25.2× | 11.1% | +15.8% |
| Shandong Sacred Sun Power Sources 002580.SZ | China | $1.23B | -34% | +22% | 4% | n/a | 21.6% | +14.2% |
| FOCI Fiber Optic Communications 3363.TWO | Taiwan | $1.24B | -59% | -2% | -16% | 92.0× | n/a | n/a |
| Sunstone Development 603612.SS | China | $1.25B | -32% | +28% | 8% | 10.1× | n/a | n/a |
| Sinofibers Technology 300777.SZ | China | $1.26B | -48% | -61% | -25% | 40.7× | 55.1% | +16.7% |
| Volex VLX.L | United Kingdom | $1.27B | -20% | +9% | 9% | 13.4× | 13.2% | +22.3% |
| Amprius Technologies AMPX | United States | $1.27B | -48% | +144% | -17% | n/a | n/a | n/a |
| Ningbo KBE Electrical Technology 300863.SZ | China | $1.27B | -20% | +21% | 4% | 23.0× | n/a | n/a |
| Goldcup Electric Apparatus 002533.SZ | China | $1.14B | -21% | +23% | 3% | 11.0× | n/a | n/a |
| Keli Motor 002892.SZ | China | $1.13B | -14% | +13% | -1% | n/a | n/a | n/a |