Zhejiang Power New Energy Co. Ltd. Class A

Zhejiang Power New Energy Co. Ltd. Class A

SSSE:688184
10.42
CNY
-0.46
(-4.23%)
1.67BMarket Cap
Oct 31Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.82
6.19
6.71
8.12
12.61
7.09
6.03
4.31
- -
Basic EPS, GAAP
0.44
0.23
0.47
0.78
1.11
-1.84
-5.47
-4.36
- -
Free Cash Flow per Basic Share
-0.67
0.26
-0.53
-4.94
-2.86
-2.3
-4.39
-3.02
- -
Dividend per Share
0.01
0.01
0.01
0.01
- -
0.33
- -
0.02
0.01
Book Value per Share
6.02
6.26
6.87
11.43
19.37
17.56
11.08
6.63
7.02
Tangible Book Value per Share
5.38
5.63
6.26
11
18.43
16.63
10.15
5.84
6.41
Basic Weighted Avg Shares
82
87
86
107
131
135
159
160
142
Sales/Revenue/Turnover
638
537
579
866
1,656
954
957
690
- -
Operating Margin (%)
7.82
5.44
7.81
10.19
10.49
-7.18
-56.31
-26.31
- -
Depreciation Expense
10
16
19
32
65
79
126
103
- -
Net Income, GAAP
36
20
41
84
146
-248
-869
-698
- -
Effective Tax Rate (%)
6.8
5.48
7.71
8.95
9.49
- -
- -
- -
- -
Profit Margin (%)
5.65
3.77
7.08
9.65
8.8
-25.95
-90.77
-101.18
- -
Working Capital
243
172
225
639
1,696
978
487
297
424
LT Debt
- -
- -
20
- -
2
3
3
- -
- -
Total Equity
517
538
599
1,382
3,123
2,831
1,787
1,055
1,100
Return on Invested Capital (%)
- -
4.21
6.77
8.39
6.49
- -
- -
- -
- -
Return on Capital (%)
- -
3.91
6.95
8.29
6.47
- -
- -
- -
- -
Return on Common Equity (%)
- -
3.84
7.21
8.44
6.47
-8.32
-37.62
-49.16
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
172
150
120
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
159
159
157
Market Capitalization
1,476
1,583
1,672

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
676
743
786
Cash, Cash Equivalents & STI
70
96
117
Accounts Receivable, Net
148
89
85
Inventories
123
128
188
Total Current Liabilities
379
410
363
Payables & Accruals
- -
- -
- -
ST Debt
172
150
120
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
33.93%
-40.95%
Free Cash Flow
- -
218.99%
-30.64%
Net Income, GAAP
- -
27.93%
-19.58%
Sales/Revenue/Turnover
- -
14.17%
-27.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
292
288
172
197
957
2025
80
159
- -
335
690
2026
205
249
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-3.73
-0.37
-1.59
-1.98
-5.47
2025
-0.34
-0.66
- -
-4.92
-4.36
2026
0.13
0.16
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
0.01
0.01
- -
- -
0.02
2026
0.01
0.01
- -
- -
- -

Company Description

CEO
Qi Fang
Full Time Employees
193
Sector
Producer manufacturing
Industry
Electrical products
Address
Zhuji China
IPO Date
Sep 19, 2022
Business
Zhejiang Power New Energy Co. Ltd. is a China-based enterprise primarily engaged in the research, development, production, and sale of advanced precursor materials for lithium-ion and sodium-ion battery cathode materials. Founded in 2014 and headquartered in Zhuji, Shaoxing, Zhejiang Province, China, the company operates within the advanced chemical materials and new energy sectors, supplying specialized components for electric vehicle traction batteries and stationary energy storage systems. The company offers a comprehensive portfolio of precursor products and specialized technical solutions, including: high-nickel single-crystal ternary cathode precursors, encompassing NCM 5-series, 6-series, 7-series, 8-series, and 9-series chemistries; polycrystalline high-nickel ternary precursors designed for high-capacity power battery cells; ultra-high-nickel and low-cobalt ternary precursor formulations engineered for high energy density and thermal stability; nickel-cobalt-aluminum (NCA) precursor materials; layered oxide cathode precursors for sodium-ion batteries, including iron-manganese-copper and related oxide composite systems; customized precursor synthesis and structural design services tailored to client-specific crystal morphology and particle size requirements; advanced element doping and surface modification engineering services; and comprehensive precursor material analytical testing, quality assurance, and technical support services. The company serves leading domestic and international cathode material manufacturers, lithium-ion battery producers, and energy storage technology developers across China and broader Asian markets. Its operations are anchored by modern production and research facilities in Zhejiang Province, supported by specialized operating subsidiaries engaged in precursor manufacturing, chemical engineering, and raw material supply chain coordination. In recent developments, Zhejiang Power New Energy Co. Ltd. has expanded its production capacity through the phased construction and commissioning of high-nickel single-crystal precursor and sodium-ion material manufacturing lines at its core industrial base. The company has deepened its strategic supply relationships and joint technical development agreements with major cathode manufacturers, including BASF Shanshan Battery Materials and XTC New Energy Materials. To address evolving battery chemistry trends, the company has commercialized high-voltage single-crystal precursor platforms and expanded pilot-to-commercial production for sodium-ion battery cathode materials targeted at cost-effective energy storage applications. Furthermore, the company has enhanced its upstream raw material procurement framework and initiated validation processes with international tier-one automotive and battery supply chain partners to support its global market expansion.