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Jiangsu maker of ultra-fine nickel, copper and silver-coated metal powders used mainly in MLCC capacitors and photovoltaic pastes.
Jiangsu maker of ultra-fine nickel, copper and silver-coated metal powders used mainly in MLCC capacitors and photovoltaic pastes.
Sells ultra-fine nickel and copper powders to capacitor makers, who mix them into the electrode pastes of MLCCs, the tiny multilayer ceramic capacitors in phones, cars and AI hardware; silver-coated powders for solar cells are a newer line. It plans additional capacity in Ningbo.
Moat: narrow (process know-how, customer qualification). Specialised process know-how for nano nickel powder and qualification by capacitor makers.
Headquarters: Jiangsu, China · Founded: 2010 · Employees: 1,097
Size Jiangsu Boqian New Materials Stock (605376.SS) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $2.94B, the 876th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥74.97 on 6 Nov 2026.
Performance Over six months the shares fell 43.0%, against +8.4% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 75.8% over the last twelve months (peer median +2.6%); the operating margin is 19.8% (peer median 10.4%).
Valuation It trades at 38.8× forward earnings against a peer median of 15.1× (4th most expensive of 18).
Capital Return on invested capital runs 2.7 points below its cost of capital (15.8% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.79B | CN¥1.15B | CN¥942M | CN¥681M | CN¥746M |
| Revenue growth | — | +22% | +38% | -9% | — |
| Gross profit | CN¥618M | CN¥353M | CN¥179M | CN¥82.7M | CN¥261M |
| EBITDA | n/a | CN¥334M | CN¥172M | CN¥35.6M | CN¥222M |
| Net income | CN¥295M | CN¥219M | CN¥87.5M | -CN¥32.3M | CN¥153M |
| Free cash flow | -CN¥204M | -CN¥117M | CN¥195M | -CN¥47.2M | -CN¥283M |
| Capital expenditure | CN¥376M | CN¥251M | CN¥100M | CN¥227M | CN¥229M |
| Total debt | CN¥795M | CN¥289M | CN¥104M | CN¥160M | CN¥243M |
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 |
|---|---|---|---|---|---|---|
| Jiangsu Boqian New Materials Stock 605376.SS | $2.94B | -43% | +76% | 20% | 38.8× | n/a |
| Sumitomo Metal Mining 5713.T | $13.2B | -19% | +22% | 14% | 8.1× | 8.5% |
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 | 605376.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -31.7% | -0.2% | lowest of 21 |
| 6-month return | -43.0% | +8.4% | 2nd lowest of 21 |
| Distance from 52-week high | -74.7% | -17.5% | lowest of 21 |
| Revenue growth (TTM) | +75.8% | +2.6% | 3rd highest of 21 |
| Operating margin | 19.8% | 10.4% | 7th highest of 21 |
| Forward P/E | 38.8× | 15.1× | 4th most expensive of 18 |
| ROIC minus cost of capital | -2.7 pp | +3.3 pp | 5th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Boqian New Materials Stock 605376.SS | China | $2.94B | -43% | +76% | 20% | 38.8× | n/a | n/a |
| Inventurus Knowledge Solutions IKS.NS | India | $2.94B | -2% | +20% | 31% | 31.8× | 21.2% | +45.8% |
| CoreCivic CXW | United States | $2.84B | +41% | +24% | 10% | 12.1× | -1.6% | +3.0% |
| TriNet TNET | United States | $3.05B | +56% | -4% | 6% | 15.1× | -3.3% | +4.4% |
| JHT Design 603061.SS | China | $3.07B | -8% | +93% | 34% | n/a | 43.9% | +30.4% |
| ABM Industries ABM | United States | $3.10B | +32% | +6% | 5% | 12.5× | -2.0% | +7.9% |
| Jianshe Industry Group (Yunnan) 002265.SZ | China | $3.12B | -11% | +42% | 5% | n/a | 26.3% | +47.9% |
| Pluxee PLX.PA | France | $2.72B | 0% | +1% | 28% | 8.9× | n/a | n/a |
| Huron Consulting HURN | United States | $2.63B | +39% | +12% | 12% | 16.5× | -4.0% | +14.3% |
| International Workplace IWG.L | United Kingdom | $2.63B | +12% | 0% | 4% | 22.5× | 33.6% | +3.3% |
| Hui Lyu Ecological Technology Groups 001267.SZ | China | $2.61B | -59% | +90% | 10% | 71.6× | n/a | n/a |
| Shenzhen Fortune Trend Technology 688318.SS | China | $3.36B | -21% | -3% | 56% | 69.5× | n/a | n/a |
| MAXIMUS MMS | United States | $3.43B | +2% | -3% | 11% | 7.9× | -8.5% | +9.4% |
| CECEP Environmental Protection 300140.SZ | China | $2.51B | -18% | -2% | 23% | n/a | -1.2% | +26.0% |
| Visional 4194.T | Japan | $2.51B | +32% | +24% | 25% | 20.2× | -2.4% | +28.2% |
| Loomis LOOMIS.ST | Sweden | $3.46B | +12% | +1% | 11% | 12.6× | -9.1% | +9.7% |
| KWS SAAT SE & Co KGaA KWS.DE | Germany | $2.48B | -12% | -3% | 15% | 13.2× | -8.2% | +4.4% |
| S-1 012750.KS | South Korea | $2.45B | +14% | +1% | 7% | 21.8× | -1.2% | +5.4% |
| MITIE MTO.L | United Kingdom | $3.56B | +23% | +11% | 3% | 14.2× | 14.1% | +17.6% |
| Shanghai GenTech 688596.SS | China | $2.42B | +56% | +4% | 2% | 76.5× | n/a | n/a |
| Serco SRP.L | United Kingdom | $3.60B | +5% | +1% | 5% | 14.9× | 1.9% | +4.9% |