Jiangsu-based Chinese battery/energy-storage technology company, per its industry classification; specific chemistry not independently confirmed.
Jiangsu-based Chinese battery/energy-storage technology company, per its industry classification; specific chemistry not independently confirmed.
Moat: none
Headquarters: Jiangsu, China · Employees: 6,684
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$11.6B | HK$8.79B | HK$5.56B | HK$4.60B | HK$3.83B |
| Revenue growth | — | +58% | +21% | +20% | — |
| Gross profit | HK$1.76B | HK$1.62B | HK$634M | HK$369M | HK$174M |
| EBITDA | HK$1.67B | HK$1.48B | HK$524M | -HK$143M | -HK$1.38B |
| Net income | HK$1.07B | HK$877M | HK$98.7M | -HK$652M | -HK$2.00B |
| Free cash flow | -HK$765M | -HK$1.16B | -HK$356M | -HK$1.29B | -HK$999M |
| Capital expenditure | HK$3.36B | HK$2.82B | HK$678M | HK$899M | HK$3.15B |
| Total debt | n/a | HK$6.50B | HK$4.46B | HK$4.64B | HK$4.63B |
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| Measure | 3677.HK | Peer median | Rank 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 margin | 6.3% | 3.6% | 8th highest of 21 |
| Forward P/E | 8.1× | 38.9× | cheapest of 14 |
| ROIC minus cost of capital | -3.9 pp | -3.9 pp | 11th highest of 21 |
| EV / EBITDA | 6.7× | 41.2× | cheapest of 6 |
| Net debt / EBITDA | 1.1× | -0.1× | 3rd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Zenergy Battery Technologies 3677.HK | Hong Kong | $1.19B | -56% | +58% | 6% | 8.1× | n/a | n/a |
| PFISTERER PFS0.DE | Germany | $1.18B | n/a | +17% | 14% | 16.6× | 15.5% | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 78.0× | n/a | n/a |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | n/a | n/a | n/a |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 38.9× | 20.6% | +28.4% |
| Harbin Electric Corp. Jiamusi Electric Machine 000922.SZ | China | $1.18B | -22% | +3% | 7% | 25.2× | 11.1% | +15.8% |
| PowerX 485A.T | Japan | $1.20B | -55% | +213% | -1% | n/a | n/a | n/a |
| SPG 058610.KS | South Korea | $1.20B | -42% | -7% | 5% | 104.8× | 40.9% | -0.8% |
| Shenzhen Desay Battery Technology 000049.SZ | China | $1.20B | -28% | +9% | 2% | 19.5× | n/a | n/a |
| Lotte Energy Materials 020150.KS | South Korea | $1.21B | -53% | -12% | -13% | n/a | n/a | n/a |
| Jiangsu Xihua New Energy Technology 603248.SS | China | $1.21B | -31% | +32% | 33% | n/a | n/a | n/a |
| Taihan Fiberoptics 010170.KS | South Korea | $1.21B | -30% | +6% | -10% | n/a | n/a | n/a |
| Shandong Sacred Sun Power Sources 002580.SZ | China | $1.23B | -34% | +22% | 4% | n/a | 21.6% | +14.2% |
| Goldcup Electric Apparatus 002533.SZ | China | $1.14B | -21% | +23% | 3% | 11.0× | n/a | n/a |
| FOCI Fiber Optic Communications 3363.TWO | Taiwan | $1.24B | -59% | -2% | -16% | 92.0× | n/a | n/a |
| Keli Motor 002892.SZ | China | $1.13B | -14% | +13% | -1% | n/a | n/a | n/a |
| American Superconductor AMSC | United States | $1.13B | -58% | +26% | 4% | 22.1× | 56.5% | +28.0% |
| Sunstone Development 603612.SS | China | $1.25B | -32% | +28% | 8% | 10.1× | n/a | n/a |
| Quality Power Electrical Equipments QPOWER.NS | India | $1.12B | +7% | +90% | 19% | 56.3× | n/a | n/a |
| Sinofibers Technology 300777.SZ | China | $1.26B | -48% | -61% | -25% | 40.7× | 55.1% | +16.7% |
| Jiangsu Cai Qin Technology 688182.SS | China | $1.12B | -39% | +86% | 9% | 50.2× | n/a | n/a |