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Makes semiconductor precursors, photoresists and electronic gases, plus LNG insulation panels and flame retardants; owns Korea's UP Chemical.
Makes semiconductor precursors, photoresists and electronic gases, plus LNG insulation panels and flame retardants; owns Korea's UP Chemical.
Began as a flame-retardant maker and rebuilt itself through acquisitions into an electronic-materials supplier, the key step being Korea's UP Chemical, which makes precursors (chemicals used to lay thin films on memory chips). Sales to big memory makers carry the semiconductor side, while LNG insulation panels for LNG carrier ships form the second leg.
Moat: narrow (customer qualification, IP / patents). Chip-fab and LNG-ship material certifications take years to win, which keeps new suppliers out.
Headquarters: Wuxi, China · Founded: 1997 · Employees: 3,100
Size Jiangsu Yoke Technology (002409.SZ) is a China Industrials company (Electrical Products) with a market value of $6.12B, the 408th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥85.67 on 6 Nov 2026.
Performance Over six months the shares gained 1.1%, against -32.4% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 6.7% over the last twelve months (peer median +25.9%); the operating margin is 14.6% (peer median 11.7%).
Valuation It trades at 32.1× forward earnings against a peer median of 21.2× (6th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +31%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.5 points below its cost of capital (10.8% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.87B | CN¥8.60B | CN¥6.84B | CN¥4.73B | CN¥4.25B |
| Revenue growth | — | +26% | +44% | +11% | — |
| Gross profit | CN¥2.97B | CN¥2.52B | CN¥2.02B | CN¥1.38B | CN¥1.28B |
| EBITDA | n/a | CN¥1.84B | CN¥1.39B | CN¥940M | CN¥848M |
| Net income | CN¥1.04B | CN¥1.00B | CN¥872M | CN¥579M | CN¥525M |
| Free cash flow | CN¥16.8M | -CN¥234M | -CN¥1.15B | -CN¥898M | -CN¥766M |
| Capital expenditure | CN¥1.09B | CN¥1.28B | CN¥1.76B | CN¥1.53B | CN¥1.46B |
| Total debt | CN¥3.53B | CN¥4.67B | CN¥3.54B | CN¥2.11B | CN¥1.25B |
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 |
|---|---|---|---|---|---|---|
| Jiangsu Yoke Technology 002409.SZ | $6.12B | +1% | +7% | 15% | 32.1× | 26.4% |
| Entegris ENTG | $19.6B | -14% | +9% | 19% | 23.7× | 26.3% |
| Jiangsu Nata Opto-electronic Material 300346.SZ | $4.29B | -22% | +15% | 16% | 62.1× | 35.6% |
| Guangdong Huate Gas 688268.SS | $1.92B | -47% | +27% | 13% | 56.1× | 35.6% |
| Red Avenue New Materials 603650.SS | $4.70B | -12% | +24% | 9% | 40.7× | 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 | 002409.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.8% | -15.6% | 7th lowest of 21 |
| 6-month return | +1.1% | -32.4% | 4th highest of 21 |
| Distance from 52-week high | -65.2% | -47.3% | 4th lowest of 21 |
| Revenue growth (TTM) | +6.7% | +25.9% | 9th lowest of 21 |
| Operating margin | 14.6% | 11.7% | 6th highest of 21 |
| Forward P/E | 32.1× | 21.2× | 6th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 26.4% | 24.6% | 5th most demanding of 13 |
| Growth delivered (Del g) | +30.6% | +7.5% | 3rd highest of 13 |
| Hurdle (Req g minus delivered) | -4.2 pp | +2.8 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | -2.5 pp | +0.2 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Yoke Technology 002409.SZ | China | $6.12B | +1% | +7% | 15% | 32.1× | 26.4% | +30.6% |
| Nexans NEX.PA | France | $6.06B | -26% | -13% | 6% | 17.2× | 5.6% | +5.5% |
| Gates Industrial GTES | United States | $6.05B | -8% | +4% | 16% | 12.8× | 9.7% | +4.3% |
| Forgent Power Solutions FPS | United States | $5.93B | -52% | +89% | 14% | 14.4× | n/a | n/a |
| Gotion High-tech 002074.SZ | China | $6.45B | -32% | +54% | 3% | 25.6× | n/a | n/a |
| Hunan Yuneng New Energy Battery Material 301358.SZ | China | $6.46B | -50% | +130% | 9% | 7.8× | n/a | n/a |
| Ecopro BM 247540.KS | South Korea | $6.53B | -60% | -4% | 6% | 965.8× | n/a | n/a |
| Shenzhen Megmeet Electrical 002851.SZ | China | $6.55B | -38% | +29% | 1% | 60.9× | n/a | n/a |
| Yaskawa Electric 6506.T | Japan | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% | +6.8% |
| Shandong Sinocera Functional Material 300285.SZ | China | $5.67B | +8% | +23% | 14% | 48.6× | 40.1% | +12.6% |
| Suzlon Energy SUZLON.NS | India | $5.65B | -30% | +34% | 15% | 21.2× | 34.0% | +37.9% |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 36.1× | 34.9% | +28.6% |
| Nkt A/s NKT.CO | Denmark | $6.73B | -15% | +2% | 7% | 26.4× | n/a | n/a |
| Shanghai Putailai New Energy Technology 603659.SS | China | $6.87B | -41% | +44% | 14% | 14.2× | n/a | n/a |
| Wolong Electric 600580.SS | China | $5.39B | -39% | -11% | 4% | 39.6× | 25.2% | +4.2% |
| Sunwoda Electronic 300207.SZ | China | $5.37B | -33% | +36% | -1% | 16.0× | n/a | n/a |
| Anji Microelectronics Technology (Shanghai) 688019.SS | China | $7.05B | +7% | +35% | 32% | 31.6× | 28.1% | +42.8% |
| EnerSys ENS | United States | $5.30B | -36% | +4% | 15% | 11.3× | 0.5% | +4.7% |
| Goldenmax International 002636.SZ | China | $7.20B | +47% | +79% | 30% | n/a | 24.4% | +4.4% |
| HANGZHOU FIRST APPLIED MATERIAL 603806.SS | China | $5.14B | -30% | -9% | 9% | 22.0× | 7.5% | +13.1% |
| Ngk 5333.T | Japan | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% | +8.2% |