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Maker of precursor materials for nickel-cobalt-manganese (NCM) EV battery cathodes, with nickel mining interests in Indonesia.
Maker of precursor materials for nickel-cobalt-manganese (NCM) EV battery cathodes, with nickel mining interests in Indonesia.
Sells cathode precursors, the nickel-cobalt-manganese compound made before the final battery cathode, mostly at prices that track metal costs plus a processing charge, so margin per tonne is thinner than the revenue suggests. It has built nickel supply in Indonesia, and the large battery makers it supplies stay with it through long qualification.
In one line: China's a battery-precursor materials supplier to CATL/global cell makers.
Moat: narrow (scale, customer qualification, installed base). Upstream nickel integration in Indonesia and top battery-maker qualification support cost and supply security.
Headquarters: Ningbo, China · Founded: 2014 · Employees: 18,038
Size CNGR Advanced Material (300919.SZ) is a China Industrials company (Electrical Products) with a market value of $4.72B, the 536th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥33.25 on 6 Nov 2026.
Performance Over six months the shares fell 47.8%, against -22.6% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 45.6% over the last twelve months (peer median +8.1%); the operating margin is 7.5% (peer median 9.1%).
Valuation It trades at 12.6× forward earnings against a peer median of 21.9× (4th cheapest of 20).
Capital Return on invested capital runs 0.4 points below its cost of capital (6.9% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥63.1B | CN¥48.1B | CN¥40.4B | CN¥34.4B | CN¥30.3B |
| Revenue growth | — | +19% | +18% | +13% | — |
| Gross profit | CN¥9.78B | CN¥5.69B | CN¥4.87B | CN¥4.70B | CN¥3.39B |
| EBITDA | n/a | CN¥5.30B | CN¥4.13B | CN¥3.46B | CN¥2.27B |
| Net income | CN¥2.26B | CN¥1.57B | CN¥1.47B | CN¥1.95B | CN¥1.54B |
| Free cash flow | -CN¥136M | -CN¥2.52B | -CN¥2.48B | -CN¥2.59B | -CN¥14.5B |
| Capital expenditure | CN¥2.43B | CN¥3.98B | CN¥6.47B | CN¥6.94B | CN¥9.54B |
| Total debt | CN¥48.2B | CN¥38.6B | CN¥35.0B | CN¥26.7B | CN¥26.5B |
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 300919.SZ | $4.72B | -48% | +46% | 7% | 12.6× | 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 | 300919.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.4% | -13.7% | 10th highest of 21 |
| 6-month return | -47.8% | -22.6% | 3rd lowest of 20 |
| Distance from 52-week high | -49.7% | -44.9% | 9th lowest of 21 |
| Revenue growth (TTM) | +45.6% | +8.1% | 2nd highest of 20 |
| Operating margin | 7.5% | 9.1% | 7th lowest of 21 |
| Forward P/E | 12.6× | 21.9× | 4th cheapest of 20 |
| ROIC minus cost of capital | -0.4 pp | +1.8 pp | 10th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CNGR Advanced Material 300919.SZ | China | $4.72B | -48% | +46% | 7% | 12.6× | n/a | n/a |
| Far East Smarter Energy 600869.SS | China | $4.73B | -16% | -1% | 1% | 37.4× | 38.2% | +7.3% |
| Fortune Electric 1519.TW | Taiwan | $4.75B | -50% | +5% | 21% | 26.0× | 16.1% | +23.6% |
| Powell Industries POWL | United States | $4.85B | -57% | +7% | 20% | 21.2× | 11.2% | +16.3% |
| 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% |
| Henan Pinggao Electric 600312.SS | China | $4.43B | -1% | -6% | 13% | 21.1× | n/a | n/a |
| HANGZHOU FIRST APPLIED MATERIAL 603806.SS | China | $5.14B | -30% | -9% | 9% | 22.0× | 7.5% | +13.1% |
| DPC DPC | United States | $4.30B | n/a | +12% | -1% | 31.9× | n/a | n/a |
| Teco Electric & Machinery 1504.TW | Taiwan | $4.23B | -13% | +8% | 9% | 19.5× | 9.3% | +5.2% |
| Walsin Lihwa 1605.TW | Taiwan | $4.21B | -3% | -4% | 0% | 7.5× | n/a | n/a |
| EnerSys ENS | United States | $5.30B | -36% | +4% | 15% | 11.3× | 0.5% | +4.7% |
| Rosebank Industries ROSE.L | United Kingdom | $4.15B | -12% | n/a | 13% | 18.8× | n/a | n/a |
| Sunwoda Electronic 300207.SZ | China | $5.37B | -33% | +36% | -1% | 16.0× | n/a | n/a |
| Wolong Electric 600580.SS | China | $5.39B | -39% | -11% | 4% | 39.6× | 25.2% | +4.2% |
| Ugreen 301606.SZ | China | $4.13B | -23% | +50% | 9% | 25.4× | n/a | n/a |
| 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 |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 36.1× | 34.9% | +28.6% |
| Beijing Sifang Automation 601126.SS | China | $3.94B | -44% | +9% | 9% | 27.8× | 25.3% | +16.3% |