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Maker of optoelectronic materials, including MOCVD precursor chemicals used to grow LED and semiconductor epitaxial layers.
Maker of optoelectronic materials, including MOCVD precursor chemicals used to grow LED and semiconductor epitaxial layers.
In one line: China's a niche supplier like Dow Electronic Materials.
Moat: narrow (IP / patents, customer qualification). High-purity precursor chemistry and customer qualification create a technical barrier to entry.
Headquarters: Suzhou, China · Founded: 1999 · Employees: 1,422
Size Jiangsu Nata Opto-electronic Material (300346.SZ) is a China Materials company (Chemicals: Specialty) with a market value of $4.29B, the 598th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥40.04 on 6 Nov 2026.
Performance Over six months the shares fell 22.3%, against -18.9% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 14.6% over the last twelve months (peer median +10.3%); the operating margin is 15.6% (peer median 10.2%).
Valuation It trades at 62.1× forward earnings against a peer median of 18.4× (2nd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is +34%, so the hurdle is +1 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 2.5 points above its cost of capital (12.7% WACC).
Next results Next results expected around 15 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.83B | CN¥2.58B | CN¥2.34B | CN¥1.70B | CN¥1.58B |
| Revenue growth | — | +10% | +38% | +8% | — |
| Gross profit | CN¥1.29B | CN¥923M | CN¥855M | CN¥603M | CN¥615M |
| EBITDA | n/a | CN¥779M | CN¥761M | CN¥518M | CN¥424M |
| Net income | CN¥378M | CN¥320M | CN¥271M | CN¥211M | CN¥187M |
| Free cash flow | CN¥478M | CN¥615M | CN¥452M | CN¥371M | -CN¥292M |
| Capital expenditure | CN¥193M | CN¥170M | CN¥202M | CN¥170M | CN¥534M |
| Total debt | CN¥882M | CN¥734M | CN¥1.10B | CN¥1.68B | CN¥1.45B |
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 Nata Opto-electronic Material 300346.SZ | $4.29B | -22% | +15% | 16% | 62.1× | 35.6% |
| Dow DOW | $22.7B | -14% | +4% | 5% | 14.8× | 4.3% |
| Merck KGaA MRK.DE | $72.5B | +23% | 0% | 20% | 17.5× | 7.7% |
| Tosoh 4042.T | $4.69B | -4% | -1% | 11% | 11.4× | -1.5% |
| Air Liquide AI.PA | $134B | +15% | -1% | 21% | 29.0× | 18.1% |
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 | 300346.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.9% | -5.1% | 5th lowest of 21 |
| 6-month return | -22.3% | -18.9% | 9th lowest of 20 |
| Distance from 52-week high | -59.5% | -38.9% | 3rd lowest of 21 |
| Revenue growth (TTM) | +14.6% | +10.3% | 10th highest of 21 |
| Operating margin | 15.6% | 10.2% | 8th highest of 21 |
| Forward P/E | 62.1× | 18.4× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 35.6% | 5.4% | 2nd most demanding of 18 |
| Growth delivered (Del g) | +34.2% | +14.4% | 2nd highest of 18 |
| Hurdle (Req g minus delivered) | +1.4 pp | -3.6 pp | 5th most demanding of 18 |
| ROIC minus cost of capital | +2.5 pp | +0.3 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Nata Opto-electronic Material 300346.SZ | China | $4.29B | -22% | +15% | 16% | 62.1× | 35.6% | +34.2% |
| Clariant CLN.SW | Switzerland | $4.32B | +46% | -7% | 10% | 16.0× | -3.4% | +0.3% |
| Guangxi Huaxi Nonferrous Metal 600301.SS | China | $4.33B | -15% | +24% | 32% | 22.9× | 9.2% | +44.9% |
| Red Avenue New Materials 9607.HK | Hong Kong | $4.35B | n/a | +30% | 9% | 26.9× | n/a | n/a |
| Cathay Biotech 688065.SS | China | $4.22B | -19% | +9% | 18% | 38.8× | n/a | n/a |
| GEM 002340.SZ | China | $4.43B | -36% | +2% | 7% | 15.7× | 4.2% | +24.4% |
| Far Eastern New Century 1402.TW | Taiwan | $4.49B | +8% | 0% | 6% | 11.8× | 5.3% | +4.2% |
| Do-Fluoride New Materials 002407.SZ | China | $4.06B | -36% | +69% | 7% | 38.0× | 19.2% | +17.5% |
| Zhejiang Sanmei Chemical Industry 603379.SS | China | $4.64B | -22% | +24% | 41% | 13.5× | 5.4% | +16.5% |
| Bluestar Adisseo 600299.SS | China | $3.97B | -35% | +15% | 13% | 11.8× | -8.6% | +7.7% |
| Tosoh 4042.T | Japan | $4.69B | -4% | -1% | 11% | 11.4× | -1.5% | +6.8% |
| Air Water 4088.T | Japan | $3.93B | +23% | +7% | 4% | 14.3× | 7.1% | +6.8% |
| IMEIK Technology Development 300896.SZ | China | $3.92B | -21% | -7% | 45% | 23.3× | 18.8% | +28.0% |
| Dottikon ES DESN.SW | Switzerland | $4.72B | -24% | +11% | 27% | 37.6× | 12.6% | +14.4% |
| Hangzhou Oxygen Plant 002430.SZ | China | $3.89B | -16% | +16% | 11% | 20.9× | 2.9% | +8.5% |
| Pangang Group Vanadium & Titanium Resources 000629.SZ | China | $3.83B | -24% | +6% | 4% | 68.8× | 27.2% | -3.4% |
| Mitsubishi Gas Chemical 4182.T | Japan | $3.78B | -31% | +3% | 8% | 10.6× | n/a | n/a |
| Navin Fluorine International NAVINFLUOR.NS | India | $4.89B | +27% | +46% | 30% | 45.6× | 34.0% | +22.7% |
| Novoray 688300.SS | China | $3.76B | -9% | +23% | 26% | 52.7× | 47.6% | +22.6% |
| Sumitomo Chemical 4005.T | Japan | $4.93B | -7% | -2% | 5% | 6.9× | 1.1% | +0.4% |
| Ningbo Shanshan 600884.SS | China | $3.71B | -34% | +30% | 9% | 14.4× | 4.5% | +21.3% |