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← CockpitCompetitor Analysis › 3677.HK Jiangsu Zenergy Battery Technologies Group Co Ltd. Class HOpen in the cockpit ↗

Jiangsu Zenergy Battery Technologies Group Co Ltd. Class H3677.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Industrials›Electrical Products

Jiangsu-based Chinese battery/energy-storage technology company, per its industry classification; specific chemistry not independently confirmed.

Momentum laggard 9
Mkt cap
$1.19B
US dollars, full cap
Free float
10%
of shares outstanding
$/day
$949,068
20-day average traded
Fwd P/E
8.1×
forward earnings
ROIC−WACC
-3.9 pp
WACC 9.1%
Hurdle
n/a
no reverse DCF
Next earnings
117 days
3 Mar 2027
Close · HKDHK$3.64
1D-0.3%
1W+8.3%
1M-16.9%
3M-37.9%
6M-56.2%
YTD-56.4%
1Y-59.5%
ATR %4.8%
52w lowhigh64.4% off high

What Jiangsu Zenergy Battery Technologies does

Jiangsu-based Chinese battery/energy-storage technology company, per its industry classification; specific chemistry not independently confirmed.

Where it sits in the supply chain

  • Battery manufacturing
  • Energy storage / EV battery cells

Moat: none

Headquarters: Jiangsu, China · Employees: 6,684

Jiangsu Zenergy Battery Technologies at a glance

Size Jiangsu Zenergy Battery Technologies (3677.HK) is a Hong Kong Industrials company (Electrical Products) with a market value of $1.19B, the 556th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$3.64 on 6 Nov 2026.

Performance Over six months the shares fell 56.2%, against -32.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd lowest of 20 in its peer set.

Growth Revenue grew 58.0% over the last twelve months (peer median +15.1%); the operating margin is 6.3% (peer median 3.6%).

Valuation It trades at 8.1× forward earnings against a peer median of 38.9× (cheapest of 14).

Capital Return on invested capital runs 3.9 points below its cost of capital (9.1% WACC).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

40608010011 May 202611 Aug 20266 Nov 2026Peer median 633677.HK 44
Six months, rebased to 100: Jiangsu Zenergy Battery Technologies against the median of its 20 peers (local-currency closes).

Jiangsu Zenergy Battery Technologies financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$11.6BHK$8.79BHK$5.56BHK$4.60BHK$3.83B
Revenue growth—+58%+21%+20%—
Gross profitHK$1.76BHK$1.62BHK$634MHK$369MHK$174M
EBITDAHK$1.67BHK$1.48BHK$524M-HK$143M-HK$1.38B
Net incomeHK$1.07BHK$877MHK$98.7M-HK$652M-HK$2.00B
Free cash flow-HK$765M-HK$1.16B-HK$356M-HK$1.29B-HK$999M
Capital expenditureHK$3.36BHK$2.82BHK$678MHK$899MHK$3.15B
Total debtn/aHK$6.50BHK$4.46BHK$4.64BHK$4.63B

Quarterly statements and history in the cockpit →

Jiangsu Zenergy Battery Technologies competitor charts

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.

Performance: 6-month against 1-month return

-60%-40%-20%0%-40%-20%0%301155002654ATLANTAELE000922485A0586100000490201506032480101700025800025333363002892AMSC603612QPOWER3007776881823677.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Jiangsu Zenergy Battery Technologies is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%+100%50×100×PFS0301155ATLANTAELE0009220586100000490025333363AMSC603612QPOWER3007776881823677.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Jiangsu Zenergy Battery Technologies is the large dot.

Jiangsu Zenergy Battery Technologies competitors and peer comparison

How Jiangsu Zenergy Battery Technologies compares with its peers

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.

Jiangsu Zenergy Battery Technologies against its 20 peers (data as of 6 Nov 2026)
Measure3677.HKPeer medianRank in peer set
1-month return-16.9%-18.4%10th highest of 21
6-month return-56.2%-32.0%3rd lowest of 20
Distance from 52-week high-64.4%-55.4%4th lowest of 21
Revenue growth (TTM)+58.0%+15.1%5th highest of 21
Operating margin6.3%3.6%8th highest of 21
Forward P/E8.1×38.9×cheapest of 14
ROIC minus cost of capital-3.9 pp-3.9 pp11th highest of 21
EV / EBITDA6.7×41.2×cheapest of 6
Net debt / EBITDA1.1×-0.1×3rd most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Jiangsu Zenergy Battery Technologies 3677.HKHong Kong$1.19B-56%+58%6%8.1×n/an/a
PFISTERER PFS0.DEGermany$1.18Bn/a+17%14%16.6×15.5%n/a
Jiangsu Haili Wind Power Equipment Technology 301155.SZChina$1.18B-31%-69%-17%78.0×n/an/a
Shenzhen Mason Technologies 002654.SZChina$1.18B-34%-6%1%n/an/an/a
Atlanta Electricals ATLANTAELE.NSIndia$1.19B-10%+59%16%38.9×20.6%+28.4%
Harbin Electric Corp. Jiamusi Electric Machine 000922.SZChina$1.18B-22%+3%7%25.2×11.1%+15.8%
PowerX 485A.TJapan$1.20B-55%+213%-1%n/an/an/a
SPG 058610.KSSouth Korea$1.20B-42%-7%5%104.8×40.9%-0.8%
Shenzhen Desay Battery Technology 000049.SZChina$1.20B-28%+9%2%19.5×n/an/a
Lotte Energy Materials 020150.KSSouth Korea$1.21B-53%-12%-13%n/an/an/a
Jiangsu Xihua New Energy Technology 603248.SSChina$1.21B-31%+32%33%n/an/an/a
Taihan Fiberoptics 010170.KSSouth Korea$1.21B-30%+6%-10%n/an/an/a
Shandong Sacred Sun Power Sources 002580.SZChina$1.23B-34%+22%4%n/a21.6%+14.2%
Goldcup Electric Apparatus 002533.SZChina$1.14B-21%+23%3%11.0×n/an/a
FOCI Fiber Optic Communications 3363.TWOTaiwan$1.24B-59%-2%-16%92.0×n/an/a
Keli Motor 002892.SZChina$1.13B-14%+13%-1%n/an/an/a
American Superconductor AMSCUnited States$1.13B-58%+26%4%22.1×56.5%+28.0%
Sunstone Development 603612.SSChina$1.25B-32%+28%8%10.1×n/an/a
Quality Power Electrical Equipments QPOWER.NSIndia$1.12B+7%+90%19%56.3×n/an/a
Sinofibers Technology 300777.SZChina$1.26B-48%-61%-25%40.7×55.1%+16.7%
Jiangsu Cai Qin Technology 688182.SSChina$1.12B-39%+86%9%50.2×n/an/a

Questions

Which companies are Jiangsu Zenergy Battery Technologies's closest peers?
The cockpit's peer set: PFISTERER (PFS0.DE), Jiangsu Haili Wind Power Equipment Technology (301155.SZ), Shenzhen Mason Technologies (002654.SZ), Atlanta Electricals (ATLANTAELE.NS), Harbin Electric Corp. Jiamusi Electric Machine (000922.SZ), PowerX (485A.T), SPG (058610.KS), Shenzhen Desay Battery Technology (000049.SZ).
Is Jiangsu Zenergy Battery Technologies expensive compared with its peers?
On forward p/e it trades at 8.1× against a peer median of 38.9×, cheapest of 14 in its peer set.
How has Jiangsu Zenergy Battery Technologies stock performed?
Over six months to 6 Nov 2026 the shares returned -56.2% against -32.0% for the median peer; over one year -59.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.