Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥46.13, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 36x in the Electronic industry in China. Total returns to shareholders of 144% over the past three years. Major Estimate Revision • Apr 16
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥6.79b to CN¥6.51b. EPS estimate also fell from CN¥1.16 per share to CN¥1.03 per share. Net income forecast to grow 30% next year vs 49% growth forecast for Electronic industry in China. Consensus price target up from CN¥33.61 to CN¥35.19. Share price rose 9.6% to CN¥33.84 over the past week. New Risk • Apr 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Apr 10
Nantong Jianghai Capacitor Co. Ltd., Annual General Meeting, May 11, 2026 Nantong Jianghai Capacitor Co. Ltd., Annual General Meeting, May 11, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Reported Earnings • Apr 10
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.80 (up from CN¥0.78 in FY 2024). Revenue: CN¥5.48b (up 14% from FY 2024). Net income: CN¥674.6m (up 3.0% from FY 2024). Profit margin: 12% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 9.6%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Mar 31
Nantong Jianghai Capacitor Co. Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Nantong Jianghai Capacitor Co. Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥26.38, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥34.89, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 36x in the Electronic industry in China. Total returns to shareholders of 59% over the past three years. Announcement • Dec 31
Nantong Jianghai Capacitor Co. Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Nantong Jianghai Capacitor Co. Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥30.42, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 24x in the Electrical industry in China. Total returns to shareholders of 41% over the past three years. Reported Earnings • Oct 23
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.17 in 3Q 2024). Revenue: CN¥1.42b (up 21% from 3Q 2024). Net income: CN¥176.4m (up 20% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Announcement • Sep 30
Nantong Jianghai Capacitor Co. Ltd. to Report Q3, 2025 Results on Oct 23, 2025 Nantong Jianghai Capacitor Co. Ltd. announced that they will report Q3, 2025 results on Oct 23, 2025 Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥34.08, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 38% over the past three years. Price Target Changed • Sep 02
Price target increased by 11% to CN¥22.91 Up from CN¥20.63, the current price target is an average from 6 analysts. New target price is 31% below last closing price of CN¥32.98. Stock is up 157% over the past year. The company is forecast to post earnings per share of CN¥0.90 for next year compared to CN¥0.78 last year. Reported Earnings • Aug 29
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: CN¥0.24 (down from CN¥0.25 in 2Q 2024). Revenue: CN¥1.54b (up 17% from 2Q 2024). Net income: CN¥206.5m (down 1.9% from 2Q 2024). Profit margin: 13% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) missed analyst estimates by 1.1%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥26.18, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Electrical industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.27 per share. Announcement • Jul 02
Nantong Jianghai Capacitor Co. Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Nantong Jianghai Capacitor Co. Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • May 22
Nantong Jianghai Capacitor Co. Ltd. Approves Cash Dividend for the Year 2024 Nantong Jianghai Capacitor Co. Ltd. at its AGM held on May 20, 2025 approved Cash dividend/10 shares (tax included): CNY 2.60000000. Reported Earnings • Apr 08
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.78 (down from CN¥0.84 in FY 2023). Revenue: CN¥4.81b (flat on FY 2023). Net income: CN¥654.7m (down 7.4% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 6.9%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Apr 08
Nantong Jianghai Capacitor Co. Ltd., Annual General Meeting, May 20, 2025 Nantong Jianghai Capacitor Co. Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Announcement • Mar 31
Nantong Jianghai Capacitor Co. Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Nantong Jianghai Capacitor Co. Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥25.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 5.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.73 per share. New Risk • Mar 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥20.48, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Electrical industry in China. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.92 per share. Announcement • Feb 07
Nantong Jianghai Capacitor Co. Ltd. Announces Management Appointments Nantong Jianghai Capacitor Co. Ltd. at its Extraordinary General Meeting held on 05 February 2025, approved election of Chen Weidong, Liu Zhihao, Fan Ye, Huang Shiyi and Ding Jihua as non-independent directors; election of Cao Yue and Li Feng as independent directors and election of Le Demei as non-employee supervisor. New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.9% average weekly change). Announcement • Jan 15
Zhejiang Communications Investment Group Co., Ltd completed the acquisition of 15.01% stake in Nantong Jianghai Capacitor Co. Ltd. (SZSE:002484) from Billion Power Investment Limited. Zhejiang Communications Investment Group Co., Ltd entered into the share purchase agreement to acquire 20.02% stake in Nantong Jianghai Capacitor Co. Ltd. (SZSE:002484) from Billion Power Investment Limited for approximately CNY 3.23 billion on March 12, 2024. Under the terms, CNY 19 per share shall be paid as consideration. In the event of termination, the buyer and seller shall pay termination fee of CNY 1 million or 5% of the consideration. The deal is subject to approval by shareholders of Yeebo (International Holdings) Limited and Shenzhen Stock Exchange. The proceeds from disposal shall be used to generate further value for shareholders and for general working capital. As of April 18, 2024, the transaction has been approved by State Administration for Market Regulation.
As of December 24, 2024 the parties to the Share Purchase Agreement entered into a supplemental agreement, which reduces the number of Sale Shares from 170,130,000 Nantong Jianghai Shares (representing approximately 20.00% of the issued shares of the Target Company as of December 23, 2024) to 127,578,590 Nantong Jianghai Shares (representing approximately 15.00% of the issued shares of the Target Company). As of December 25, Yeebo (International Holdings) Limited is pleased to announce that the Zhejiang SASAC has approved the transfer. As at December 31, 2024, on March 12, 2024, the deal was approved by the Board of Directors of Zhejiang Communications Investment Group Co.,Ltd. On January 9, 2025, Shenzhen Stock Exchange has approved the acquisition.
UBS acted as financial advisor for Yeebo (International Holdings) Limited. Kay Ian Ng of Sullivan & Cromwell (Hong Kong) LLP acted as legal advisor to Power Investment Limited.
Zhejiang Communications Investment Group Co., Ltd completed the acquisition of 15.01% stake in Nantong Jianghai Capacitor Co. Ltd. (SZSE:002484) from Billion Power Investment Limited on January 13, 2025. The transaction has fulfilled all the Conditions Precedent to the acquisition. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥22.22, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Electrical industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.56 per share. Announcement • Dec 31
Nantong Jianghai Capacitor Co. Ltd. to Report Fiscal Year 2024 Results on Apr 08, 2025 Nantong Jianghai Capacitor Co. Ltd. announced that they will report fiscal year 2024 results on Apr 08, 2025 Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥19.39, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Electrical industry in China. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.76 per share. Buy Or Sell Opportunity • Nov 15
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to CN¥16.49. The fair value is estimated to be CN¥12.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 64% in the next 2 years. Major Estimate Revision • Nov 09
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥5.41b to CN¥5.27b. EPS estimate also fell from CN¥0.957 per share to CN¥0.841 per share. Net income forecast to grow 39% next year vs 45% growth forecast for Electrical industry in China. Consensus price target broadly unchanged at CN¥19.38. Share price rose 4.4% to CN¥15.49 over the past week. Reported Earnings • Oct 29
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.22 in 3Q 2023). Revenue: CN¥1.18b (down 9.9% from 3Q 2023). Net income: CN¥146.9m (down 21% from 3Q 2023). Profit margin: 13% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Nantong Jianghai Capacitor Co. Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Nantong Jianghai Capacitor Co. Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥15.15, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.78 per share. Buy Or Sell Opportunity • Sep 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CN¥12.45. The fair value is estimated to be CN¥15.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Price Target Changed • Sep 05
Price target decreased by 8.5% to CN¥19.38 Down from CN¥21.18, the current price target is an average from 6 analysts. New target price is 51% above last closing price of CN¥12.84. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.96 for next year compared to CN¥0.84 last year. Price Target Changed • Aug 28
Price target decreased by 7.2% to CN¥20.52 Down from CN¥22.11, the current price target is an average from 6 analysts. New target price is 73% above last closing price of CN¥11.87. Stock is down 36% over the past year. The company is forecast to post earnings per share of CN¥0.92 for next year compared to CN¥0.84 last year. Reported Earnings • Aug 28
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥0.25 (up from CN¥0.25 in 2Q 2023). Revenue: CN¥1.31b (up 1.7% from 2Q 2023). Net income: CN¥210.5m (up 1.6% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 08
Now 21% overvalued Over the last 90 days, the stock has fallen 22% to CN¥12.20. The fair value is estimated to be CN¥10.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 46% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Announcement • Jun 29
Nantong Jianghai Capacitor Co. Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Nantong Jianghai Capacitor Co. Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Jun 08
Nantong Jianghai Capacitor Co. Ltd. Announces Final Dividend of A Shares for 2023, Payable on 17 June 2024 Nantong Jianghai Capacitor Co. Ltd. announced final cash dividend of CNY 2.60000000 of 10 A shares for 2023. Record date: 14 June 2024. Ex-date: 17 June 2024. Payment date: 17 June 2024. Board Change • May 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Meihua Jiao was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 11
Nantong Jianghai Capacitor Co. Ltd. Approves Cash Dividend Nantong Jianghai Capacitor Co. Ltd. held its Annual General Meeting of 2023 on 09 May 2024, approved Cash dividend/10 shares (tax included): CNY 2.60000000. Reported Earnings • Apr 26
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.18 in 1Q 2023). Revenue: CN¥1.05b (down 11% from 1Q 2023). Net income: CN¥136.9m (down 11% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 18
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥6.20b to CN¥5.64b. EPS estimate also fell from CN¥1.10 per share to CN¥0.977 per share. Net income forecast to grow 16% next year vs 45% growth forecast for Electrical industry in China. Consensus price target down from CN¥24.45 to CN¥22.25. Share price was steady at CN¥15.10 over the past week. Price Target Changed • Apr 15
Price target decreased by 9.0% to CN¥22.25 Down from CN¥24.45, the current price target is an average from 6 analysts. New target price is 47% above last closing price of CN¥15.09. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥1.00 for next year compared to CN¥0.84 last year. Reported Earnings • Apr 14
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.84 (up from CN¥0.79 in FY 2022). Revenue: CN¥4.84b (up 7.1% from FY 2022). Net income: CN¥707.1m (up 6.9% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 6.0%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Nantong Jianghai Capacitor Co. Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Nantong Jianghai Capacitor Co. Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Feb 02
Nantong Jianghai Capacitor Co. Ltd. (SZSE:002484) announces an Equity Buyback for CNY 100 million worth of its shares. Nantong Jianghai Capacitor Co. Ltd. (SZSE:002484) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not be more than CNY 20 per share. The repurchased shares will be used for equity incentive plan or employee stock ownership plan. Repurchases will be funded using company’s own funds. The program is valid for 12 months. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥14.02, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electrical industry in China. Total returns to shareholders of 27% over the past three years. Announcement • Dec 30
Nantong Jianghai Capacitor Co. Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024 Nantong Jianghai Capacitor Co. Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024 Announcement • Nov 23
Nantong Jianghai Capacitor Co. Ltd. Approves Management Appointments Nantong Jianghai Capacitor Co. Ltd. at its Extraordinary General Meeting held on 21 November 2023 approved the election of Chen Yu, Zhang Weiwen and Jiao Meihua as non-independent director. The company approved the election of Chen Daliang and Zhang Bin as independent director. The company approved the election of Gu Hua as supervisor. Reported Earnings • Oct 27
Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations Third quarter 2023 results: EPS: CN¥0.22 (down from CN¥0.22 in 3Q 2022). Revenue: CN¥1.30b (up 20% from 3Q 2022). Net income: CN¥186.0m (flat on 3Q 2022). Profit margin: 14% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 25
Price target decreased by 8.5% to CN¥29.02 Down from CN¥31.71, the current price target is an average from 5 analysts. New target price is 74% above last closing price of CN¥16.70. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥0.98 for next year compared to CN¥0.79 last year. Reported Earnings • Aug 24
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.22 in 2Q 2022). Revenue: CN¥1.29b (up 8.6% from 2Q 2022). Net income: CN¥207.2m (up 14% from 2Q 2022). Profit margin: 16% (in line with 2Q 2022). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 02
Upcoming dividend of CN¥0.15 per share at 0.7% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 18% but the company is paying out more than the cash it is generating. Trailing yield: 0.7%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (1.0%). Reported Earnings • Mar 30
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: CN¥0.79 (up from CN¥0.53 in FY 2021). Revenue: CN¥4.52b (up 27% from FY 2021). Net income: CN¥661.2m (up 52% from FY 2021). Profit margin: 15% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 01
Nantong Jianghai Provides Earnings Guidance for the Year Ended 31 December 2022 Nantong Jianghai provided earnings guidance for the year ended 31 December 2022. For the year, the company announced on 31 January 2023 that the estimated profit attributable to the owners of Nantong Jianghai will be in the range of RMB 652.38 million to RMB 674.13 million (equivalent to approximately HKD 763.74 million to HKD 789.20 million), representing an increase of 50% to 55% as compared with the year ended 31 December 2021. Buying Opportunity • Dec 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be CN¥28.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 57% in 2 years. Earnings is forecast to grow by 70% in the next 2 years. Buying Opportunity • Nov 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥28.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 56% in 2 years. Earnings is forecast to grow by 69% in the next 2 years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Supervisor Qian Zhiwei was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.15 in 3Q 2021). Revenue: CN¥1.09b (up 19% from 3Q 2021). Net income: CN¥187.0m (up 53% from 3Q 2021). Profit margin: 17% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Aug 26
Price target increased to CN¥28.98 Up from CN¥26.75, the current price target is an average from 8 analysts. New target price is 10.0% above last closing price of CN¥26.35. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥0.78 for next year compared to CN¥0.53 last year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥1.19b (up 30% from 2Q 2021). Net income: CN¥181.3m (up 49% from 2Q 2021). Profit margin: 15% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 55% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥25.80, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 345% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.30 per share. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥19.02, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.80 per share. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Supervisor Qian Zhiwei was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 22
Nantong Jianghai Capacitor Co. Ltd. Announces Final Cash Dividend Distribution Plan for the Year 2021 on A Shares, Payable on 29 April 2022 Nantong Jianghai Capacitor Co. Ltd. announced final distribution plan of cash dividend per 10 shares (tax included) of CNY 1.20000000 on A shares for the year 2021, payable on 29 April 2022. Record date is 28 April 2022 and ex-date is 29 April 2022. Announcement • Apr 19
Nantong Jianghai Capacitor Co. Ltd. Approves Cash Dividend for 2021 Nantong Jianghai Capacitor Co. Ltd. announced that at its AGM held on 15 April 2022, the shareholders approved the profit distribution for 2021 as cash dividend/10 shares (tax included): CNY 1.20000000. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥17.90, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 148% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.34 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.099 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥917.6m (up 34% from 3Q 2020). Net income: CN¥122.3m (up 50% from 3Q 2020). Profit margin: 13% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥20.79, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Electrical industry in China. Total returns to shareholders of 316% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.09 per share. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.12 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥917.1m (up 50% from 2Q 2020). Net income: CN¥121.5m (up 24% from 2Q 2020). Profit margin: 13% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥20.53, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Electrical industry in China. Total returns to shareholders of 233% over the past three years. Announcement • Jun 23
Nantong Jianghai Capacitor Co. Ltd. (SZSE:002484) entered into share transfer agreement to acquire remaining 5.1 stake in Inner Mongolia Hicon Electronic Material Co.,Ltd from Yiwei Investment Co., Ltd. for approximately CNY 20.6 million. Nantong Jianghai Capacitor Co. Ltd. (SZSE:002484) entered into share transfer agreement to acquire remaining 5.1 stake in Inner Mongolia Hicon Electronic Material Co.,Ltd from Yiwei Investment Co., Ltd. for approximately CNY 20.6 million on June 22, 2021. Post completion, Inner Mongolia Hicon Electronic Material Co.,Ltd will operate as a wholly owned subsidiary of Nantong Jianghai Capacitor Co. Ltd. Announcement • Apr 29
Nantong Jianghai Capacitor Co. Ltd. Announces Final Cash Dividend Distribution Plan for the Year 2020 on A Shares, Payable on May 10, 2021 Nantong Jianghai Capacitor Co. Ltd. announced final distribution plan of cash dividend per 10 shares (tax included) of CNY 1.20000000 on A shares for the year 2020, payable on May 10, 2021. Record date is May 7, 2021 and ex-date is May 10, 2021. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.05 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥748.1m (up 66% from 1Q 2020). Net income: CN¥82.6m (up 101% from 1Q 2020). Profit margin: 11% (up from 9.1% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 22% per year. 
