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Jiangsu Azure Corporation Class A

Jiangsu Azure Corporation Class A

SSZSE:002245
11.80
CNY
+0.50
(+4.42%)
31.95BMarket Cap
Oct 26Next Earn
Jiangsu Azure Corporation Class A
SZSE:002245
(Shenzhen Stock Exchange)

Recent

price

11.80

P/E

ratio

- -

div

yld

0.58%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.02
1.54
1.48
1.26
1.17
1.16
1.38
2.51
2.96
2.42
2.93
4.38
3.88
3.06
3.96
4.76
- -
Revenue per Share
0.07
0.08
0.09
0.08
0.13
0.17
0.14
0.24
0.16
0.08
0.19
0.44
0.23
0.08
0.29
0.42
- -
Basic EPS, GAAP
-0.15
-0.21
0.19
-0.03
-0.17
0.19
-0.35
-0.67
-0.2
0.4
0.13
-0.06
-0.21
0.11
0.2
0.36
- -
Free Cash Flow per Basic Share
0.03
0.03
0.04
0.03
0.03
0.03
0.03
0.04
0.07
0.07
0.07
0.08
0.08
0.05
0.03
0.05
0.07
Dividend per Share
0.41
0.49
0.57
0.64
0.98
1.13
1.32
1.68
1.85
1.44
1.75
2.33
3.72
3.78
4.06
4.48
4.66
Book Value per Share
0.39
0.45
0.5
0.57
0.91
1.07
0.8
1.17
1.33
0.92
1.23
1.8
3.24
3.3
3.58
3.99
4.18
Tangible Book Value per Share
1,188
1,188
1,188
1,188
1,362
1,433
1,442
1,451
1,452
1,452
1,453
1,524
1,619
1,705
1,705
1,706
1,708
Basic Weighted Avg Shares
1,217
1,830
1,757
1,495
1,590
1,661
1,989
3,639
4,297
3,519
4,250
6,680
6,285
5,222
6,756
8,113
- -
Sales/Revenue/Turnover
12.61
11.44
12.35
14.72
16.89
16.38
16.7
19.29
12.38
9.85
10.98
15.55
8.61
3.72
9.31
12.05
- -
Operating Margin (%)
8
14
18
27
47
69
86
110
213
258
288
304
300
321
397
461
- -
Depreciation Expense
82
100
104
93
171
241
206
354
226
118
278
670
378
141
488
711
- -
Net Income, GAAP
16.58
15.81
17.91
20.82
17.28
19.68
18.07
19.61
12.55
2.4
21.2
15.22
9.94
- -
14.46
11.54
- -
Effective Tax Rate (%)
6.77
5.46
5.9
6.23
10.74
14.53
10.34
9.74
5.25
3.34
6.54
10.03
6.02
2.7
7.22
8.76
- -
Profit Margin (%)
126
105
47
592
992
1,285
1,292
1,374
1,152
611
450
47
2,085
1,853
2,136
2,220
2,321
Working Capital
- -
- -
- -
- -
- -
- -
636
615
559
945
611
782
401
341
157
3
30
LT Debt
687
853
973
1,063
1,702
1,914
2,697
3,630
3,999
2,939
3,389
4,339
7,195
6,784
7,258
8,000
8,320
Total Equity
11.56
10.4
8
8.31
9.84
10.29
7.42
10.9
6.73
2.8
5.3
11.1
4.98
- -
5.86
9.49
- -
Return on Invested Capital (%)
6.32
5.88
5.44
3.72
7.86
10.36
5.67
4.76
2.78
3.41
6.69
11.13
5.14
- -
5.41
7.82
- -
Return on Capital (%)
18.31
18.71
16.51
13
15.8
15.92
11.65
16.27
8.75
4.91
11.88
21.77
7.63
2.2
7.29
9.76
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
98
200
177
LT Borrowings
- -
- -
26
LT Finance Leases
3
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,708
1,708
1,708
Market Capitalization
20,538
19,176
31,950

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,403
7,238
7,646
Cash, Cash Equivalents & STI
724
862
618
Accounts Receivable, Net
2,184
2,161
2,456
Inventories
1,935
2,406
2,328
Total Current Liabilities
4,183
4,607
5,326
Payables & Accruals
- -
- -
- -
ST Debt
98
200
177
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.98%
21.07%
10.23%
Free Cash Flow
-55.32%
17.89%
78.92%
Net Income, GAAP
43.65%
65.37%
45.66%
Sales/Revenue/Turnover
20.73%
16.77%
20.09%
Total Cash Common Dividend
14.27%
4.13%
69.64%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,429
1,636
1,774
1,918
6,756
2025
1,728
1,999
- -
2,299
8,113
2026
2,153
2,705
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.06
0.07
0.12
0.29
2025
0.08
0.11
- -
0.12
0.42
2026
0.11
0.18
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.02
0.01
- -
0.03
2025
0.01
0.05
- -
- -
0.05
2026
- -
0.07
- -
- -
- -
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Business
Jiangsu Azure Corporation engages primarily in the production and sale of lithium-ion batteries, LED chips, and metal logistics and distribution services. Its lithium-ion battery segment covers cylindrical batteries in the 21, 40, and 50 series used in energy storage equipment for portable, residential, and industrial applications, power tools, smart mobility, and cleaning devices. The company is a leading global supplier of high-discharge-rate small batteries for power tools. Its LED chip business supplies LED components, while the metal logistics and distribution segment facilitates the trade and storage of metal products. Founded in 2003 and headquartered in Zhangjiagang, Jiangsu Province, China, the company operates over 20 subsidiaries primarily across China and Malaysia. In recent strategic developments, Jiangsu Azure has invested approximately $280 million to establish a wholly-owned battery manufacturing subsidiary in Malaysia with a 10 GWh production capacity, marking its first overseas plant to better serve international clients and capitalize on expanding export markets that comprise nearly 50% of its battery sales. In 2025, Jiangsu Azure announced plans to acquire a 5.95% stake in PT Indonesia Qingmei Energy Materials for $20 million, furthering its presence in the Southeast Asian energy materials sector. The company emphasizes advancing its research and development capabilities and expanding its market reach internationally through these strategic investments and partnerships. Jiangsu Azure operates in the lithium battery, LED chip, and metal logistics industries, targeting markets in China, Southeast Asia, and beyond with a focus on industrial, commercial, and consumer applications. The company continually strengthens its high-end product offerings, serving mainly industrial clients and power tool manufacturers worldwide, while leveraging its geographic footprint in East China, South China, and Malaysia to enhance global competitiveness and market share. Its recent expansions and capital investments signal a focus on growing its international footprint and technology innovation in the battery and energy storage sectors.