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Jiangsu-based new-energy technology manufacturer, likely supplying components for batteries or renewable equipment.
Jiangsu-based new-energy technology manufacturer, likely supplying components for batteries or renewable equipment.
Moat: none
Headquarters: Jiangsu, China · Employees: 1,767
Size Jiangsu Xihua New Energy Technology (603248.SS) is a China Industrials company (Electrical Products) with a market value of $1.21B, the 1954th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.64 on 6 Nov 2026.
Performance Over six months the shares fell 31.1%, against -34.1% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 32.2% over the last twelve months (peer median +8.9%); the operating margin is 32.7% (peer median 2.0%).
Valuation It trades at 6.8× enterprise value to sales against a peer median of 2.5× (7th most expensive of 21).
Capital Return on invested capital runs 10.3 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.10B | CN¥1.26B | CN¥952M | CN¥904M | CN¥937M |
| Revenue growth | — | +32% | +5% | -4% | — |
| Gross profit | CN¥479M | CN¥331M | CN¥236M | CN¥264M | CN¥264M |
| EBITDA | n/a | CN¥326M | CN¥208M | CN¥244M | CN¥235M |
| Net income | CN¥106M | CN¥201M | CN¥142M | CN¥177M | CN¥183M |
| Free cash flow | n/a | -CN¥181M | -CN¥85.5M | CN¥29.4M | -CN¥135M |
| Capital expenditure | n/a | CN¥173M | CN¥149M | CN¥93.5M | CN¥217M |
| Total debt | CN¥309M | CN¥619M | CN¥295M | CN¥211M | CN¥230M |
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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 | 603248.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.7% | -16.1% | 10th lowest of 21 |
| 6-month return | -31.1% | -34.1% | 9th highest of 20 |
| Distance from 52-week high | -61.6% | -55.4% | 7th lowest of 21 |
| Revenue growth (TTM) | +32.2% | +8.9% | 6th highest of 21 |
| Operating margin | 32.7% | 2.0% | highest of 21 |
| EV / Sales | 6.8× | 2.5× | 7th most expensive of 21 |
| ROIC minus cost of capital | +10.3 pp | -4.1 pp | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Xihua New Energy Technology 603248.SS | China | $1.21B | -31% | +32% | 33% | 6.8× | n/a | n/a |
| Lotte Energy Materials 020150.KS | South Korea | $1.21B | -53% | -12% | -13% | 2.5× | n/a | n/a |
| Taihan Fiberoptics 010170.KS | South Korea | $1.21B | -30% | +6% | -10% | 11.1× | n/a | n/a |
| Shenzhen Desay Battery Technology 000049.SZ | China | $1.20B | -28% | +9% | 2% | 0.5× | n/a | n/a |
| SPG 058610.KS | South Korea | $1.20B | -42% | -7% | 5% | 4.9× | 40.9% | -0.8% |
| PowerX 485A.T | Japan | $1.20B | -55% | +213% | -1% | 9.0× | n/a | n/a |
| Shandong Sacred Sun Power Sources 002580.SZ | China | $1.23B | -34% | +22% | 4% | 2.1× | 21.6% | +14.2% |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 5.4× | 20.6% | +28.4% |
| Jiangsu Zenergy Battery Technologies 3677.HK | Hong Kong | $1.19B | -56% | +58% | 6% | 1.0× | n/a | n/a |
| PFISTERER PFS0.DE | Germany | $1.18B | n/a | +17% | 14% | 2.1× | 15.5% | n/a |
| FOCI Fiber Optic Communications 3363.TWO | Taiwan | $1.24B | -59% | -2% | -16% | 21.6× | n/a | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 7.9× | n/a | n/a |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | 1.8× | n/a | n/a |
| Harbin Electric Corp. Jiamusi Electric Machine 000922.SZ | China | $1.18B | -22% | +3% | 7% | 1.5× | 11.1% | +15.8% |
| Sunstone Development 603612.SS | China | $1.25B | -32% | +28% | 8% | 0.9× | n/a | n/a |
| Sinofibers Technology 300777.SZ | China | $1.26B | -48% | -61% | -25% | 18.3× | 55.1% | +16.7% |
| Volex VLX.L | United Kingdom | $1.27B | -20% | +9% | 9% | 1.1× | 13.2% | +22.3% |
| Amprius Technologies AMPX | United States | $1.27B | -48% | +144% | -17% | 11.0× | n/a | n/a |
| Ningbo KBE Electrical Technology 300863.SZ | China | $1.27B | -20% | +21% | 4% | 2.4× | n/a | n/a |
| Hoymiles Power Electronics 688032.SS | China | $1.29B | -38% | +47% | -16% | 2.7× | n/a | n/a |
| Camel 601311.SS | China | $1.29B | -26% | -4% | 2% | 0.6× | -0.5% | +11.2% |