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Maker of lithium iron phosphate (LFP) cathode materials, a key EV battery input supplied to CATL and BYD.
Maker of lithium iron phosphate (LFP) cathode materials, a key EV battery input supplied to CATL and BYD.
Sells lithium iron phosphate cathode powder, with prices that largely follow lithium costs plus a processing margin, so raw-material swings move revenue more than pricing power does. CATL and BYD, China's two largest battery and EV makers, buy most of its output, so its fortunes follow their production.
In one line: China's a cathode-materials supplier to CATL/BYD.
Moat: narrow (customer qualification, scale). Qualified long-term supply relationships with China's two largest battery/EV makers.
Headquarters: Changsha, China · Founded: 2016 · Employees: 8,726
Size Hunan Yuneng New Energy Battery Material (301358.SZ) is a China Industrials company (Electrical Products) with a market value of $6.46B, the 385th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥50.83 on 6 Nov 2026.
Performance Over six months the shares fell 50.3%, against -28.4% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 130.1% over the last twelve months (peer median +25.9%); the operating margin is 9.2% (peer median 13.1%).
Valuation It trades at 7.8× forward earnings against a peer median of 25.6× (cheapest of 20).
Capital Return on invested capital runs 7.7 points above its cost of capital (9.5% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥68.9B | CN¥34.6B | CN¥22.6B | CN¥41.3B | CN¥42.7B |
| Revenue growth | — | +53% | -45% | -3% | — |
| Gross profit | CN¥10.3B | CN¥2.96B | CN¥1.62B | CN¥3.00B | CN¥5.18B |
| EBITDA | n/a | CN¥4.05B | CN¥2.47B | CN¥3.14B | CN¥4.50B |
| Net income | CN¥4.89B | CN¥1.28B | CN¥594M | CN¥1.58B | CN¥3.01B |
| Free cash flow | -CN¥2.91B | -CN¥3.77B | -CN¥2.34B | -CN¥2.17B | -CN¥4.89B |
| Capital expenditure | CN¥1.85B | CN¥2.23B | CN¥1.30B | CN¥2.68B | CN¥2.10B |
| Total debt | CN¥17.8B | CN¥17.8B | CN¥12.2B | CN¥8.94B | CN¥10.5B |
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 |
|---|---|---|---|---|---|---|
| Hunan Yuneng New Energy Battery Material 301358.SZ | $6.46B | -50% | +130% | 9% | 7.8× | n/a |
| Jiangsu Lopal Tech 603906.SS | $1.82B | -54% | +96% | 7% | 14.7× | n/a |
| Shenzhen Dynanonic 300769.SZ | $1.65B | -50% | +188% | 4% | 12.5× | 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 | 301358.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.7% | -15.6% | 5th highest of 21 |
| 6-month return | -50.3% | -28.4% | 3rd lowest of 21 |
| Distance from 52-week high | -53.8% | -47.3% | 9th lowest of 21 |
| Revenue growth (TTM) | +130.1% | +25.9% | highest of 21 |
| Operating margin | 9.2% | 13.1% | 10th lowest of 21 |
| Forward P/E | 7.8× | 25.6× | cheapest of 20 |
| ROIC minus cost of capital | +7.7 pp | -1.1 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hunan Yuneng New Energy Battery Material 301358.SZ | China | $6.46B | -50% | +130% | 9% | 7.8× | n/a | n/a |
| Gotion High-tech 002074.SZ | China | $6.45B | -32% | +54% | 3% | 25.6× | n/a | n/a |
| Ecopro BM 247540.KS | South Korea | $6.53B | -60% | -4% | 6% | 965.8× | n/a | n/a |
| Shenzhen Megmeet Electrical 002851.SZ | China | $6.55B | -38% | +29% | 1% | 60.9× | n/a | n/a |
| Nkt A/s NKT.CO | Denmark | $6.73B | -15% | +2% | 7% | 26.4× | n/a | n/a |
| Jiangsu Yoke Technology 002409.SZ | China | $6.12B | +1% | +7% | 15% | 32.1× | 26.4% | +30.6% |
| Shanghai Putailai New Energy Technology 603659.SS | China | $6.87B | -41% | +44% | 14% | 14.2× | n/a | n/a |
| Nexans NEX.PA | France | $6.06B | -26% | -13% | 6% | 17.2× | 5.6% | +5.5% |
| Gates Industrial GTES | United States | $6.05B | -8% | +4% | 16% | 12.8× | 9.7% | +4.3% |
| Forgent Power Solutions FPS | United States | $5.93B | -52% | +89% | 14% | 14.4× | n/a | n/a |
| Anji Microelectronics Technology (Shanghai) 688019.SS | China | $7.05B | +7% | +35% | 32% | 31.6× | 28.1% | +42.8% |
| Goldenmax International 002636.SZ | China | $7.20B | +47% | +79% | 30% | n/a | 24.4% | +4.4% |
| Yaskawa Electric 6506.T | Japan | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% | +6.8% |
| Shandong Sinocera Functional Material 300285.SZ | China | $5.67B | +8% | +23% | 14% | 48.6× | 40.1% | +12.6% |
| Suzlon Energy SUZLON.NS | India | $5.65B | -30% | +34% | 15% | 21.2× | 34.0% | +37.9% |
| Ngk 5333.T | Japan | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% | +8.2% |
| Hebei Sinopack Electronic Technology 003031.SZ | China | $5.62B | -33% | +43% | 19% | 36.1× | 34.9% | +28.6% |
| Shenzhen Kedali Industry 002850.SZ | China | $7.46B | -9% | +40% | 12% | 22.2× | n/a | n/a |
| Havells India HAVELLS.NS | India | $7.47B | -11% | +16% | 7% | 44.0× | 39.8% | +16.6% |
| Wolong Electric 600580.SS | China | $5.39B | -39% | -11% | 4% | 39.6× | 25.2% | +4.2% |
| Sunwoda Electronic 300207.SZ | China | $5.37B | -33% | +36% | -1% | 16.0× | n/a | n/a |