Zhejiang Jiemei Electronic and Technology Co Ltd

Zhejiang Jiemei Electronic and Technology Co Ltd maintains a market capitalization of CNY 27.24 billion, with a price-to-earnings ratio of 400.85 and a price-to-book ratio of 9.36. The company's liquidity position is characterized as medium, with a current ratio of 1.79 and a debt-to-equity ratio of 0.73, indicating a moderate level of leverage. The firm's operating cash flow of CNY 136.39 million is offset by a capital expenditure of CNY -229.07 million, suggesting a net cash outflow from operations.

In terms of profitability, the company reports a net income of CNY 67.96 million and a return on equity of 2.34%, which is below the typical performance metrics for the Electronic Equipment & Parts industry. The return on assets of 1.25% further underscores the company's relatively low asset efficiency. Gross profit of CNY 158.14 million represents a 33.2% margin on revenue of CNY 476.01 million, which is in line with industry norms.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of segment and geographic diversification may expose the company to higher operational and market risks.

Looking ahead, the company is projected to experience a decline in revenue, with a negative outlook for the current fiscal year. The capital expenditure of CNY -229.07 million indicates a significant investment in infrastructure or expansion, which may impact short-term profitability. The company's high price-to-earnings and price-to-book ratios suggest that it is currently overvalued relative to its earnings and book value.

The risk assessment highlights a medium liquidity risk and a low dilution risk, with key flags indicating that the company's net cash is negative after subtracting total debt. Analysts have provided a mean price target of CNY 45.90, which is significantly lower than the current market price of CNY 63.17, suggesting a potential overvaluation. The mean recommendation of 1.50 indicates a mixed outlook, with two strong-buy and two buy ratings, but no hold or sell ratings.

Recent filings and transcripts do not provide additional insights into the company's strategic direction or operational performance. The absence of recent events may indicate a stable but uneventful period for the company.

Zhejiang Jiemei Electronic and Technology Co Ltd (002859.SZ) has been formally classified within the Technology sector, specifically under the Technology Equipment activity. This taxonomic update establishes the company’s operational identity within the broader technology landscape, providing a clearer framework for sector-specific analysis. The risk profile for the company has also been defined, with dilution risk assessed as low. This assessment suggests that the potential for existing shareholders to face significant equity dilution is currently minimal, offering a degree of stability regarding capital structure. Conversely, liquidity risk has been categorized as medium. This indicates that while the company is not facing immediate distress, there are moderate considerations regarding the ease of trading its shares or accessing liquid capital, which investors should monitor. These updates provide a foundational baseline for evaluating Zhejiang Jiemei Electronic, moving from an unclassified state to a defined position in the Technology Equipment sector with specific risk parameters. The combination of low dilution risk and medium liquidity risk offers a nuanced view of the company's financial and operational standing.

Revenue grew 15.6% year-over-year to CNY 2.1 billion in FY2026, demonstrating strong top-line expansion momentum.

Free cash flow improved by 30.1% year-over-year, indicating a positive trend in cash generation efficiency.

Cash conversion ratio of 2.01 is above the cohort median of 1.04, suggesting superior working capital management.

Long-term debt surged to CNY 3.57 billion in FY2026, significantly increasing leverage and credit risk exposure.

The company carries a high credit risk flag, reflecting concerns over its financial stability and debt obligations.

Debt-to-equity ratio of 0.73 is in the bottom quartile, indicating higher leverage than most peers.

Revenue ¥574.4M, +20,8% YoY; Operating income +63,1% YoY.

• ▍Revenue ¥574.4M, +20,8% YoY
• ▍Operating income +63,1% YoY
• ▍Net income +75,5% YoY
• ▍Net margin 7.6%

Revenue ¥563.5M, +12,2% YoY; Operating income +45,0% YoY.

• ▍Revenue ¥563.5M, +12,2% YoY
• ▍Operating income +45,0% YoY
• ▍Net income +38,5% YoY
• ▍Net margin 13.7%

Revenue ¥548.3M, +15,2% YoY; Operating income −7,1% YoY.

• ▍Revenue ¥548.3M, +15,2% YoY
• ▍Operating income −7,1% YoY
• ▍Net income −4,7% YoY
• ▍Net margin 11.8%

Revenue ¥414.1M; Operating income ¥31.6M.

• ▍Revenue ¥414.1M
• ▍Operating income ¥31.6M
• ▍Net margin 8.1%

Revenue ¥2.10B, +15,6% YoY; Operating income +7,2% YoY.

• ▍Revenue ¥2.10B, +15,6% YoY
• ▍Operating income +7,2% YoY
• ▍Net income +8,7% YoY
• ▍Free cash flow +30,1% YoY
• ▍Net margin 10.5%

Revenue ¥1.82B, +15,6% YoY; Operating income −24,4% YoY.

• ▍Revenue ¥1.82B, +15,6% YoY
• ▍Operating income −24,4% YoY
• ▍Net income −20,9% YoY
• ▍Free cash flow −212,5% YoY
• ▍Net margin 11.1%

Revenue ¥1.57B, +20,8% YoY; Operating income +60,7% YoY.

• ▍Revenue ¥1.57B, +20,8% YoY
• ▍Operating income +60,7% YoY
• ▍Net income +54,1% YoY
• ▍Free cash flow +28,3% YoY
• ▍Net margin 16.3%

Revenue ¥1.30B, −30,1% YoY; Operating income −59,5% YoY.

• ▍Revenue ¥1.30B, −30,1% YoY
• ▍Operating income −59,5% YoY
• ▍Net income −57,4% YoY
• ▍Free cash flow +20,4% YoY
• ▍Net margin 12.7%

Revenue ¥1.86B; Operating income ¥438.5M.

• ▍Revenue ¥1.86B
• ▍Operating income ¥438.5M
• ▍Net margin 20.9%