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Chinese maker of electronic packaging materials -- carrier tapes, release films and composite current collectors -- for chips and batteries.
Chinese maker of electronic packaging materials -- carrier tapes, release films and composite current collectors -- for chips and batteries.
In one line: A niche China-based Nitto Denko in electronic packaging films.
Moat: narrow (process know-how, customer qualification). Specialty film qualification into chip-packaging and battery supply chains; niche materials know-how.
Headquarters: Huzhou, China · Founded: 2001 · Employees: 3,663
Size Zhejiang Jiemei Electronic & Technology (002859.SZ) is a China Information Technology company (Electronic Production Equipment) with a market value of $2.71B, the 946th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥40.25 on 6 Nov 2026.
Performance Over six months the shares fell 21.1%, against -26.8% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 25.6% over the last twelve months (peer median +16.5%); the operating margin is 12.8% (peer median 6.4%).
Valuation It trades at 47.3× forward earnings against a peer median of 27.9× (5th most expensive of 19).
Capital Return on invested capital runs 6.3 points below its cost of capital (11.6% WACC).
Next results Next results expected around 14 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.51B | CN¥2.09B | CN¥1.81B | CN¥1.57B | CN¥1.30B |
| Revenue growth | — | +15% | +16% | +21% | — |
| Gross profit | CN¥929M | CN¥630M | CN¥548M | CN¥503M | CN¥338M |
| EBITDA | n/a | CN¥473M | CN¥412M | CN¥411M | CN¥222M |
| Net income | CN¥267M | CN¥220M | CN¥202M | CN¥256M | CN¥166M |
| Free cash flow | -CN¥312M | -CN¥495M | -CN¥776M | -CN¥343M | -CN¥179M |
| Capital expenditure | CN¥595M | CN¥821M | CN¥1.03B | CN¥582M | CN¥530M |
| Total debt | CN¥3.61B | CN¥3.70B | CN¥2.83B | CN¥1.70B | CN¥1.65B |
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 |
|---|---|---|---|---|---|---|
| Zhejiang Jiemei Electronic & Technology 002859.SZ | $2.71B | -21% | +26% | 13% | 47.3× | n/a |
| Nitto Denko 6988.T | $13.2B | +10% | +7% | 18% | 15.1× | 2.3% |
| 3M MMM | $95.7B | +30% | +2% | 21% | 19.2× | 11.3% |
| SKC 011790.KS | $2.14B | -46% | +24% | -9% | n/a | 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 | 002859.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.1% | -19.8% | 7th lowest of 21 |
| 6-month return | -21.1% | -26.8% | 10th highest of 21 |
| Distance from 52-week high | -65.3% | -50.2% | 4th lowest of 21 |
| Revenue growth (TTM) | +25.6% | +16.5% | 8th highest of 21 |
| Operating margin | 12.8% | 6.4% | 4th highest of 21 |
| Forward P/E | 47.3× | 27.9× | 5th most expensive of 19 |
| ROIC minus cost of capital | -6.3 pp | -2.6 pp | 7th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Jiemei Electronic & Technology 002859.SZ | China | $2.71B | -21% | +26% | 13% | 47.3× | n/a | n/a |
| Marketech International 6196.TW | Taiwan | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% | +15.5% |
| Forehope Electronic (Ningbo) 688362.SS | China | $2.67B | -19% | +19% | 0% | 86.7× | n/a | n/a |
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 2% | n/a | -13.4% | +1.2% |
| AXT AXTI | United States | $2.55B | -67% | +89% | 20% | 16.2× | n/a | n/a |
| Sinomag Technology 300835.SZ | China | $2.54B | +10% | +18% | 6% | 75.2× | n/a | n/a |
| Exosens EXENS.PA | France | $2.95B | -11% | +15% | 17% | 27.5× | 24.3% | +25.6% |
| OPT Machine Vision Tech 688686.SS | China | $2.96B | +48% | +38% | 12% | 75.4× | n/a | n/a |
| Shenzhen Zesum Technology 301486.SZ | China | $2.41B | -42% | +57% | 3% | 99.2× | n/a | n/a |
| OFILM 002456.SZ | China | $3.10B | -35% | -17% | -1% | n/a | 27.0% | -14.4% |
| Guangdong Create Century Intelligent Equipment 300083.SZ | China | $3.13B | +7% | +35% | 11% | 24.4× | n/a | n/a |
| Nippon Electric Glass 5214.T | Japan | $2.32B | -44% | +3% | 8% | 22.6× | 2.4% | +5.1% |
| VECO VECO | United States | $2.27B | -37% | -3% | 4% | 13.3× | 37.1% | +7.9% |
| Universal Microwave Technology 3491.TWO | Taiwan | $2.26B | -36% | +36% | 27% | 42.9× | n/a | n/a |
| Olympic Circuit Technology 603920.SS | China | $3.29B | -42% | +21% | 6% | 30.1× | n/a | n/a |
| Alps Alpine 6770.T | Japan | $2.23B | -24% | +5% | 3% | 10.8× | -3.8% | +7.3% |
| Shenzhen H&T Intelligent Control 002402.SZ | China | $2.23B | -49% | +2% | 6% | 41.3× | n/a | n/a |
| Foxconn Technology 2354.TW | Taiwan | $2.23B | -11% | +13% | 2% | 13.3× | n/a | n/a |
| XiaMen HongXin Electron-tech 300657.SZ | China | $2.21B | -18% | +4% | 8% | 28.2× | n/a | n/a |
| Benchmark Electronics BHE | United States | $2.16B | -29% | +13% | 4% | 17.7× | 13.8% | +5.3% |
| Xiamen Intretech 002925.SZ | China | $2.16B | -3% | +39% | 9% | 32.1× | n/a | n/a |