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Suzhou maker of advanced-ceramic parts, such as heaters and electrostatic chucks, used inside semiconductor and display-making equipment.
Suzhou maker of advanced-ceramic parts, such as heaters and electrostatic chucks, used inside semiconductor and display-making equipment.
Supplies ceramic parts that sit inside chip-making and other equipment, so toolmakers and fabs that qualify a part tend to keep buying it. Most revenue is the ceramic parts themselves, with surface-treatment services a small side line. Management is shifting from plain structural parts toward heaters and electrostatic chucks, and agreed in 2025 to buy a majority of a silicon carbide ceramics maker.
Moat: narrow (customer qualification, process know-how). Parts must be qualified inside customers' process tools; ceramic forming and precision machining know-how is hard to copy.
Headquarters: Suzhou, China · Employees: 1,459
Size Suzhou Kematek (301611.SZ) is a China Materials company (Other Metals/Minerals) with a market value of $3.48B, the 744th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥66.82 on 6 Nov 2026.
Performance Over six months the shares fell 36.5%, against -34.9% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 17.7% over the last twelve months (peer median +27.9%); the operating margin is 15.4% (peer median 12.3%).
Valuation It trades at 128.5× forward earnings against a peer median of 16.2× (2nd most expensive of 16).
Capital Return on invested capital runs 5.5 points below its cost of capital (15.1% WACC).
Next results Next results expected around 13 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.22B | CN¥1.07B | CN¥853M | CN¥479M | CN¥460M |
| Revenue growth | — | +25% | +78% | +4% | — |
| Gross profit | CN¥598M | CN¥518M | CN¥483M | CN¥179M | CN¥186M |
| EBITDA | n/a | CN¥411M | CN¥408M | CN¥133M | CN¥143M |
| Net income | CN¥196M | CN¥289M | CN¥311M | CN¥81.9M | CN¥93.2M |
| Free cash flow | -CN¥89.3M | -CN¥44.4M | -CN¥14.4M | -CN¥206M | -CN¥105M |
| Capital expenditure | CN¥329M | CN¥285M | CN¥244M | CN¥253M | CN¥163M |
| Total debt | CN¥1.20B | CN¥434M | CN¥124M | CN¥366M | CN¥149M |
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 |
|---|---|---|---|---|---|---|
| Suzhou Kematek 301611.SZ | $3.48B | -36% | +18% | 15% | 128.5× | n/a |
| Kyocera 6971.T | $23.4B | +3% | +7% | 6% | 22.5× | 21.3% |
| Maruwa 5344.T | $3.12B | -46% | +26% | 36% | 19.5× | n/a |
| Ngk 5333.T | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% |
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 | 301611.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.6% | -17.3% | 9th highest of 21 |
| 6-month return | -36.5% | -34.9% | 10th lowest of 20 |
| Distance from 52-week high | -65.1% | -56.4% | 3rd lowest of 21 |
| Revenue growth (TTM) | +17.7% | +27.9% | 7th lowest of 20 |
| Operating margin | 15.4% | 12.3% | 7th highest of 20 |
| Forward P/E | 128.5× | 16.2× | 2nd most expensive of 16 |
| ROIC minus cost of capital | -5.5 pp | +0.7 pp | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suzhou Kematek 301611.SZ | China | $3.48B | -36% | +18% | 15% | 128.5× | n/a | n/a |
| Lygend Resources And Technology 001246.SZ | China | $3.48B | n/a | +28% | 19% | 8.9× | -5.9% | +39.8% |
| Shenzhen Zhongjin Lingnan Nonfemet 000060.SZ | China | $3.43B | -24% | +16% | 3% | 17.8× | n/a | n/a |
| Uranium Energy UEC | United States | $3.43B | -54% | -44% | -358% | n/a | n/a | n/a |
| GuoCheng Mining 000688.SZ | China | $3.57B | -60% | +193% | 50% | 11.2× | 3.3% | +39.6% |
| NGEx Minerals NGEX.TO | Canada | $3.37B | -15% | n/a | n/a | n/a | n/a | n/a |
| Zhejiang Wazam New Material 603186.SS | China | $3.33B | +79% | +60% | 14% | 58.0× | 24.9% | +13.9% |
| Hunan Silver 002716.SZ | China | $3.19B | -35% | +50% | 4% | n/a | n/a | n/a |
| Chongyi Zhangyuan Tungsten 002378.SZ | China | $3.18B | -48% | +105% | 12% | n/a | n/a | n/a |
| Chuangxin Industries 2788.HK | Hong Kong | $3.82B | -43% | +23% | 23% | 5.3× | -0.8% | +8.9% |
| Chengtun Mining 600711.SS | China | $3.84B | -39% | +28% | 12% | 7.4× | n/a | n/a |
| China Rare Earth Nonferrous Metals 600259.SS | China | $3.13B | -33% | -43% | 4% | 34.1× | n/a | n/a |
| Ningxia Orient Tantalum Industry 000962.SZ | China | $3.08B | -11% | +43% | 12% | 54.0× | n/a | n/a |
| Ero Copper ERO.TO | Canada | $3.03B | +10% | +106% | 40% | 5.9× | 0.4% | +20.4% |
| Sinomine Resource 002738.SZ | China | $4.06B | -59% | +18% | 31% | 11.1× | n/a | n/a |
| North Copper 000737.SZ | China | $2.97B | -28% | +54% | 9% | n/a | -3.9% | +26.8% |
| Shenghe Resources 600392.SS | China | $4.09B | -40% | +34% | 8% | 16.2× | n/a | n/a |
| Dazhong Mining 001203.SZ | China | $4.20B | -64% | +3% | 26% | 30.5× | n/a | n/a |
| Western Superconducting Technologies 688122.SS | China | $4.21B | -33% | -5% | 8% | 43.2× | 29.3% | +19.9% |
| Zhuzhou Smelter 600961.SS | China | $2.85B | -33% | +23% | 12% | 6.7× | -1.6% | +8.5% |
| Sichuan Hongda 600331.SS | China | $4.30B | -40% | 0% | -1% | 543.0× | n/a | n/a |