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Chinese capacitor maker producing aluminum electrolytic capacitors, supercapacitors and thin-film capacitors for electronics and EVs.
Chinese capacitor maker producing aluminum electrolytic capacitors, supercapacitors and thin-film capacitors for electronics and EVs.
In one line: China's answer to Nichicon/KEMET in capacitors.
Moat: narrow (scale, process know-how). Large domestic capacitor manufacturing scale, though the industry remains price-competitive against Japanese incumbents.
Headquarters: Nantong, China · Founded: 1970 · Employees: 4,487
Size Nantong Jianghai Capacitor (002484.SZ) is a China Information Technology company (Electronic Components) with a market value of $4.28B, the 600th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥32.43 on 6 Nov 2026.
Performance Over six months the shares fell 15.4%, against -14.1% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 16.7% over the last twelve months (peer median +18.4%); the operating margin is 13.7% (peer median 9.5%).
Valuation It trades at 27.6× forward earnings against a peer median of 30.7× (9th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is +7 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.7 points above its cost of capital (10.8% WACC).
Next results Next results expected around 9 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.29B | CN¥5.47B | CN¥4.80B | CN¥4.83B | CN¥4.51B |
| Revenue growth | — | +14% | -1% | +7% | — |
| Gross profit | CN¥1.77B | CN¥1.26B | CN¥1.15B | CN¥1.21B | CN¥1.15B |
| EBITDA | n/a | CN¥1.06B | CN¥940M | CN¥965M | CN¥861M |
| Net income | CN¥764M | CN¥675M | CN¥655M | CN¥707M | CN¥661M |
| Free cash flow | CN¥570M | CN¥556M | CN¥363M | CN¥284M | -CN¥34.0M |
| Capital expenditure | CN¥148M | CN¥316M | CN¥297M | CN¥294M | CN¥461M |
| Total debt | CN¥985M | CN¥1.05B | CN¥581M | CN¥635M | CN¥575M |
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 |
|---|---|---|---|---|---|---|
| Nantong Jianghai Capacitor 002484.SZ | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% |
| Nichicon 6996.T | $758M | -27% | 0% | 5% | 13.0× | 15.3% |
| Yageo 2327.TW | $23.3B | +8% | +32% | 27% | 13.9× | 17.7% |
| Panasonic 6752.T | $44.5B | -6% | +4% | 8% | 13.5× | 9.8% |
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 | 002484.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -34.8% | -25.4% | 5th lowest of 21 |
| 6-month return | -15.4% | -14.1% | 9th lowest of 21 |
| Distance from 52-week high | -71.9% | -45.7% | lowest of 21 |
| Revenue growth (TTM) | +16.7% | +18.4% | 11th highest of 21 |
| Operating margin | 13.7% | 9.5% | 8th highest of 21 |
| Forward P/E | 27.6× | 30.7× | 9th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 23.2% | 27.8% | 5th least demanding of 10 |
| Growth delivered (Del g) | +15.9% | +9.6% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | +7.3 pp | +3.6 pp | 5th most demanding of 10 |
| ROIC minus cost of capital | +2.7 pp | -2.3 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% | +15.9% |
| Hirose Electric 6806.T | Japan | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% | +9.6% |
| Delton Technology (Guangzhou) 001389.SZ | China | $4.43B | -48% | +77% | 25% | 18.6× | n/a | n/a |
| Optics Technology 300489.SZ | China | $4.07B | +101% | +40% | 11% | 125.0× | n/a | n/a |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| Silergy 6415.TW | Taiwan | $4.58B | -11% | +13% | 12% | 30.5× | n/a | n/a |
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| Guangdong Kingshine Electronic Technology 300903.SZ | China | $4.69B | +45% | +36% | 4% | 276.3× | n/a | n/a |
| Wuhan Jingce Electronic 300567.SZ | China | $4.80B | -14% | +31% | 0% | 119.3× | n/a | n/a |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| Sichuan Huafeng Technology 688629.SS | China | $4.85B | -49% | +46% | 9% | 87.5× | n/a | n/a |
| Caihong Display Devices 600707.SS | China | $3.70B | -15% | -3% | 4% | 11.6× | 2.9% | +1.7% |
| Hamamatsu Photonics K.K 6965.T | Japan | $3.69B | -7% | +10% | 9% | 30.9× | 27.8% | +8.6% |
| Suntak Technology 002815.SZ | China | $3.61B | +2% | +31% | 10% | n/a | n/a | n/a |
| Xiamen Faratronic 600563.SS | China | $3.58B | -10% | +10% | 23% | 18.4× | 8.0% | +23.1% |
| Guizhou Space Appliance 002025.SZ | China | $3.56B | -29% | +22% | 3% | 63.7× | n/a | n/a |
| Dynamic Electronics 603175.SS | China | $5.37B | -15% | +15% | 5% | n/a | n/a | n/a |
| Lotes 3533.TW | Taiwan | $5.39B | -36% | +13% | 28% | 17.6× | 1.9% | +14.3% |
| Pantum Technology 002180.SZ | China | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% | -4.8% |
| ITEQ 6213.TW | Taiwan | $5.45B | +75% | +16% | 9% | 16.6× | n/a | n/a |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |