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Yingtan-based maker of copper anode and copper oxide materials used in PCB surface finishing and electronics.
Yingtan-based maker of copper anode and copper oxide materials used in PCB surface finishing and electronics.
Sells copper products priced off the copper market plus a processing charge, so sales swing with the metal price while earnings depend on the processing charge. Copper anodes and copper oxide are consumed in plating baths, which brings repeat orders from circuit-board plants once a supplier is approved.
In one line: A niche Chinese copper-chemicals supplier, no clear US peer.
Moat: narrow (process know-how, customer qualification). Supplies exacting purity-grade copper chemicals into qualified PCB/electronics supply chains.
Headquarters: Yingtan, Jiangxi, China · Founded: 2007 · Employees: 701
Size Jiangxi Jiangnan New Material Technology (603124.SS) is a China Materials company (Other Metals/Minerals) with a market value of $1.16B, the 2040th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥79.84 on 6 Nov 2026.
Performance Over six months the shares fell 37.2%, against -24.0% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 18.8% over the last twelve months (peer median +25.0%); the operating margin is 3.0% (peer median 6.2%).
Valuation It trades at 18.6× forward earnings against a peer median of 14.1× (4th most expensive of 9).
Capital Return on invested capital runs 5.6 points below its cost of capital (12.5% WACC).
Next results Next results expected around 5 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥13.9B | CN¥10.3B | CN¥8.70B | CN¥6.82B | CN¥6.23B |
| Revenue growth | — | +19% | +28% | +9% | — |
| Gross profit | CN¥605M | CN¥407M | CN¥315M | CN¥226M | CN¥179M |
| EBITDA | n/a | CN¥332M | CN¥244M | CN¥176M | CN¥118M |
| Net income | CN¥315M | CN¥219M | CN¥176M | CN¥142M | CN¥105M |
| Free cash flow | -CN¥1.61B | -CN¥1.05B | -CN¥952M | -CN¥878M | -CN¥630M |
| Capital expenditure | CN¥298M | CN¥166M | CN¥101M | CN¥57.5M | CN¥51.2M |
| Total debt | CN¥4.80B | CN¥2.45B | CN¥1.82B | CN¥969M | CN¥669M |
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 |
|---|---|---|---|---|---|---|
| Jiangxi Jiangnan New Material Technology 603124.SS | $1.16B | -37% | +19% | 3% | 18.6× | n/a |
| Jiangxi Copper 600362.SS | $14.3B | -29% | +14% | 4% | 7.2× | n/a |
| Nanya New Material Technology 688519.SS | $5.90B | -5% | +104% | 17% | 55.2× | 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 | 603124.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -30.8% | -15.9% | 2nd lowest of 21 |
| 6-month return | -37.2% | -24.0% | 9th lowest of 20 |
| Distance from 52-week high | -63.7% | -46.9% | 5th lowest of 21 |
| Revenue growth (TTM) | +18.8% | +25.0% | 7th lowest of 16 |
| Operating margin | 3.0% | 6.2% | 6th lowest of 17 |
| Forward P/E | 18.6× | 14.1× | 4th most expensive of 9 |
| ROIC minus cost of capital | -5.6 pp | -6.5 pp | 9th highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangxi Jiangnan New Material Technology 603124.SS | China | $1.16B | -37% | +19% | 3% | 18.6× | n/a | n/a |
| Uranium Royalty UROY | United States | $1.16B | -24% | +1,570% | 27% | n/a | 17.4% | +161.8% |
| Collective Mining CNL.TO | Canada | $1.17B | -22% | n/a | n/a | n/a | n/a | n/a |
| Gravita India GRAVITA.NS | India | $1.17B | -17% | +24% | 8% | 24.7× | n/a | n/a |
| Eramet ERA.PA | France | $1.19B | -38% | 0% | -1% | n/a | n/a | n/a |
| Solaris Resources SLS.TO | Canada | $1.19B | -28% | n/a | n/a | n/a | n/a | n/a |
| Alphamin Resources AFM.V | Canada | $1.12B | -15% | +45% | 54% | 4.1× | n/a | n/a |
| Faraday Copper FDY.TO | Canada | $1.21B | -18% | n/a | n/a | n/a | n/a | n/a |
| Ivanhoe Electric IE | United States | $1.21B | -45% | -21% | -3,916% | n/a | n/a | n/a |
| Londian Wason New Energy Tech, Inc. Unsponsored ADR FOIL | United States | $1.11B | n/a | +25% | 5% | 13.3× | n/a | n/a |
| North Long Dragon New Materials Tech 301357.SZ | China | $1.23B | -20% | -9% | -23% | n/a | n/a | n/a |
| Evolution Metals & Technologies EMAT | United States | $1.23B | -79% | n/a | -548% | n/a | n/a | n/a |
| Xizang Zhihui Mining 2546.HK | Hong Kong | $1.08B | +8% | +104% | 28% | n/a | 32.8% | +6.0% |
| Zimplats ZIM.AX | Australia | $1.06B | -15% | +50% | 33% | n/a | -15.0% | +1.1% |
| Nanjing Hanrui Cobalt 300618.SZ | China | $1.27B | -49% | +11% | 4% | 20.6× | n/a | n/a |
| Jain Resource Recycling JAINREC.NS | India | $1.05B | -43% | +48% | 5% | 23.4× | n/a | n/a |
| Americas Gold and Silver USA.TO | Canada | $1.05B | -50% | +86% | 19% | 14.9× | n/a | n/a |
| TMC TMC | United States | $1.00B | -60% | n/a | n/a | n/a | n/a | n/a |
| Jinchuan Group International Resources 2362.HK | Hong Kong | $997M | +4% | +65% | 22% | 2.0× | -2.2% | -1.8% |
| AMG Critical Materials AMG.AS | Netherlands | $988M | -41% | +12% | 7% | 11.9× | 0.2% | +13.0% |
| Zhejiang Tony Electronic 603595.SS | China | $960M | +52% | +5% | -12% | n/a | n/a | n/a |