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Makes precursor materials (cathode precursors) for lithium-ion batteries, a key supplier to battery cell makers like CATL.
Makes precursor materials (cathode precursors) for lithium-ion batteries, a key supplier to battery cell makers like CATL.
Sells cathode precursors to battery makers at prices reflecting metal costs plus a conversion margin, so profit per tonne is thinner than sales suggest. Long qualification with large battery makers keeps customers in place. This is the Hong Kong listing of the same company as the Shenzhen-listed A-share.
In one line: A Chinese precursor-materials supplier with no direct US-listed peer.
Moat: narrow (scale, process know-how, customer qualification). Qualified precursor supply relationships with leading battery makers and scaled nickel/cobalt processing.
Headquarters: Guiyang, China · Founded: 2014 · Employees: 18,038
Size CNGR Advanced Material (2579.HK) is a Hong Kong Industrials company (Electrical Products) with a market value of $4.48B, the 274th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$17.33 on 6 Nov 2026.
Performance Over six months the shares fell 57.9%, against -21.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 19 in its peer set.
Growth Revenue grew 53.0% over the last twelve months (peer median +8.1%); the operating margin is 7.5% (peer median 9.1%).
Valuation It trades at 5.6× forward earnings against a peer median of 21.6× (cheapest of 19).
Capital Return on invested capital runs 1.3 points below its cost of capital (8.3% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$71.7B | HK$52.2B | HK$43.8B | HK$38.0B | HK$35.3B |
| Revenue growth | — | +19% | +15% | +8% | — |
| Gross profit | HK$11.1B | HK$6.17B | HK$5.28B | HK$5.20B | HK$3.95B |
| EBITDA | n/a | HK$5.75B | HK$4.48B | HK$3.82B | HK$2.63B |
| Net income | HK$2.57B | HK$1.70B | HK$1.59B | HK$2.15B | HK$1.79B |
| Free cash flow | -HK$60.9M | -HK$2.74B | -HK$2.69B | -HK$2.86B | -HK$16.9B |
| Capital expenditure | HK$2.79B | HK$4.32B | HK$7.02B | HK$7.66B | HK$11.1B |
| Total debt | HK$56.4B | HK$42.9B | HK$37.2B | HK$29.4B | HK$29.7B |
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 |
|---|---|---|---|---|---|---|
| CNGR Advanced Material 2579.HK | $4.48B | -58% | +53% | 7% | 5.6× | n/a |
| GEM 002340.SZ | $4.43B | -36% | +2% | 7% | 15.7× | 4.2% |
| Zhejiang Huayou Cobalt 603799.SS | $9.30B | -50% | +38% | 12% | 9.3× | n/a |
| Ningbo Ronbay New Energy Technology 688005.SS | $2.05B | -45% | +41% | 1% | 37.8× | n/a |
| Minmetals New Energy Materials (Hunan) 688779.SS | $2.00B | -36% | +146% | 5% | 23.8× | n/a |
| Sumitomo Metal Mining 5713.T | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% |
| Posco Future M 003670.KS | $10.6B | -36% | -9% | 2% | 282.1× | 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 | 2579.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.4% | -12.9% | 6th lowest of 21 |
| 6-month return | -57.9% | -21.5% | lowest of 19 |
| Distance from 52-week high | -62.7% | -39.9% | 3rd lowest of 21 |
| Revenue growth (TTM) | +53.0% | +8.1% | 3rd highest of 20 |
| Operating margin | 7.5% | 9.1% | 7th lowest of 21 |
| Forward P/E | 5.6× | 21.6× | cheapest of 19 |
| ROIC minus cost of capital | -1.3 pp | +3.3 pp | 8th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CNGR Advanced Material 2579.HK | Hong Kong | $4.48B | -58% | +53% | 7% | 5.6× | n/a | n/a |
| Henan Pinggao Electric 600312.SS | China | $4.43B | -1% | -6% | 13% | 21.1× | n/a | n/a |
| DPC DPC | United States | $4.30B | n/a | +12% | -1% | 31.9× | n/a | n/a |
| Far East Smarter Energy 600869.SS | China | $4.73B | -16% | -1% | 1% | 37.4× | 38.2% | +7.3% |
| Teco Electric & Machinery 1504.TW | Taiwan | $4.23B | -13% | +8% | 9% | 19.5× | 9.3% | +5.2% |
| Fortune Electric 1519.TW | Taiwan | $4.75B | -50% | +5% | 21% | 26.0× | 16.1% | +23.6% |
| Walsin Lihwa 1605.TW | Taiwan | $4.21B | -3% | -4% | 0% | 7.5× | n/a | n/a |
| Rosebank Industries ROSE.L | United Kingdom | $4.15B | -12% | n/a | 13% | 18.8× | n/a | n/a |
| Powell Industries POWL | United States | $4.85B | -57% | +7% | 20% | 21.2× | 11.2% | +16.3% |
| Ugreen 301606.SZ | China | $4.13B | -23% | +50% | 9% | 25.4× | n/a | n/a |
| Ningbo Orient Wires & Cables 603606.SS | China | $4.96B | -23% | +36% | 12% | 21.1× | 3.6% | +16.5% |
| Qingdao TGOOD Electric 300001.SZ | China | $4.97B | +6% | +14% | 9% | 21.9× | 12.0% | +16.2% |
| KEI Industries KEI.NS | India | $4.03B | -22% | +25% | 10% | 33.9× | n/a | n/a |
| State Grid Yingda 600517.SS | China | $4.01B | -21% | +8% | 22% | 10.2× | -18.5% | +8.1% |
| Gaon Cable 000500.KS | South Korea | $3.97B | +50% | +32% | 3% | n/a | n/a | n/a |
| Beijing Sifang Automation 601126.SS | China | $3.94B | -44% | +9% | 9% | 27.8× | 25.3% | +16.3% |
| Shenzhen Hfc 301716.SZ | China | $3.93B | n/a | +114% | 44% | n/a | 45.3% | n/a |
| HANGZHOU FIRST APPLIED MATERIAL 603806.SS | China | $5.14B | -30% | -9% | 9% | 22.0× | 7.5% | +13.1% |
| Guangzhou Great Power Energy & Technology 300438.SZ | China | $3.90B | -50% | +125% | 7% | 11.7× | 9.7% | +26.8% |
| XJ Electric 000400.SZ | China | $3.86B | 0% | -8% | 6% | 23.5× | n/a | n/a |
| EnerSys ENS | United States | $5.30B | -36% | +4% | 15% | 11.3× | 0.5% | +4.7% |