Breaking Down Jiangnan Mould & Plastic Technology Co., Ltd. Financial Health: Key Insights for Investors

Peel back the numbers on Jiangnan Mould & Plastic Technology Co., Ltd. and you'll find a mixed financial picture that demands a closer look: Q1 2025 revenue fell to 1.60 billion yuan (down 15.27% from the prior quarter) with TTM revenue at 6.99 billion yuan (a 16.76% YoY decline) against a market capitalization of 9.97 billion yuan and a share price of 10.90 yuan as of September 26, 2025; profitability shows a TTM net income of 462.30 million yuan and a net profit margin of 6.61% while Q1 gross margin sits at 20.94% and ROE at 11.42%; valuation metrics include EPS (TTM) of 0.50 yuan, a P/E of 21.89, a P/S of 1.43 and a dividend of 0.22 yuan per share (yield 1.97%, ex-dividend Jan 22, 2025); balance-sheet considerations reveal an approved guarantee limit of 2.24 billion yuan with outstanding guarantees of 501.65 million yuan (14.39% of 2024 audited consolidated net assets) and a 70 million yuan joint guarantee for subsidiary Jiangyin Daoda (total assets 1.56 billion yuan, net assets 548.26 million yuan, net profit 38.16 million yuan as of June 30, 2025); and on the growth front the company has secured a potential North American new-energy-vehicle order worth up to USD 850 million with Mexican plant mass production slated for January 2025-read on for a line-by-line breakdown of these figures and what they mean for investors.

Jiangnan Mould & Plastic Technology Co., Ltd. (000700.SZ) - Revenue Analysis

Revenue trends show a clear downward trajectory over the most recent periods, with both quarterly and annual declines impacting valuation metrics and operational throughput.

• Q1 2025 revenue: 1.60 billion yuan (down 15.27% vs. prior quarter: 1.89 billion yuan)
• Trailing twelve months (TTM) revenue: 6.99 billion yuan (down 16.76% year-over-year)
• Full-year 2024 revenue: 7.14 billion yuan (down 18.18% from 2023's 8.72 billion yuan)

• Operational implications: declining revenue per period can compress margins and reduce free cash flow available for R&D, capex, or dividends.
• Workforce efficiency: revenue per employee (~1.19 million yuan) provides a benchmark vs. peers; weakening revenue suggests potential underutilization or pricing/volume pressures.
• Valuation context: a P/S of 1.43 paired with falling revenues signals market pricing that may already incorporate slowdown risk, but leaves limited upside unless revenue trends reverse.

For background on corporate structure, strategy and how the company generates revenue, see: Jiangnan Mould & Plastic Technology Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money

Jiangnan Mould & Plastic Technology Co., Ltd. (000700.SZ) - Profitability Metrics

Key profitability indicators for Jiangnan Mould & Plastic Technology show solid margin control and improved bottom-line performance in recent periods, supported by rising net income and steady returns on equity.

• Trailing twelve months (TTM) net income: 462.30 million yuan; TTM net profit margin: 6.61%.
• Return on equity (ROE): 11.42% - indicates efficient use of shareholders' equity.
• Q1 2025 EPS: 0.160 yuan; Q1 2025 profit margin: 9.28%; Q1 2025 gross profit margin: 20.94%.
• Full-year 2024 net income attributable to shareholders: 626.32 million yuan - up 39.46% year-over-year.
• 2024 net income after deducting non-recurring gains/losses: 518.00 million yuan - up 13.68% year-over-year.

• Gross margin near 21% in Q1 2025 highlights pricing power or cost control on core products.
• Discrepancy between TTM net income (462.30M) and 2024 attributable net income (626.32M) may reflect seasonality or quarterly timing - monitor trailing updates.
• ROE of 11.42% combined with rising adjusted net income suggests improving capital efficiency and recurring profitability.

Further context on ownership, investor composition and buy-side interest can be found here: Exploring Jiangnan Mould & Plastic Technology Co., Ltd. Investor Profile: Who's Buying and Why?

Jiangnan Mould & Plastic Technology Co., Ltd. (000700.SZ) - Debt vs. Equity Structure

• Approved guarantee limit (as of 2025-06-30): ¥2,240,000,000
• Actual outstanding guarantee balance (as of 2025-06-30): ¥501,650,000
• Outstanding guarantees as % of audited consolidated net assets (2024): 14.39%
• Joint liability guarantee for subsidiary Jiangyin Daoda: ¥70,000,000 credit line

• Concentration: outstanding guarantees (¥501.65M) represent meaningful contingent exposure relative to consolidated equity (14.39%).
• Subsidiary support: the ¥70M joint guarantee is material relative to Jiangyin Daoda's own equity (≈12.77%) though modest vs. its total assets (≈4.49%).
• Profitability buffer: Jiangyin Daoda's reported net profit of ¥38.16M (H1 2025) provides a limited earnings cushion versus guarantee exposure.

Jiangnan Mould & Plastic Technology Co., Ltd. (000700.SZ) Liquidity and Solvency

Jiangnan Mould & Plastic Technology shows solid profitability and measured leverage indicators that are relevant for creditors and investors assessing short-term liquidity and long-term solvency.

• Trailing twelve-month (TTM) net income: 462.30 million yuan - supports operating cash flow and internal financing capacity.
• Q1 2025 gross profit margin: 20.94% - suggests effective cost control in production and materials procurement.
• Net profit margin: 6.61% - indicates the company converts a modest but positive portion of revenue into bottom-line profit.
• Return on equity (ROE): 11.42% - reflects relatively efficient use of shareholders' equity to generate earnings.

Key implications for liquidity and solvency:

• The positive TTM net income and double-digit ROE provide room to service debt and fund working capital from operations rather than relying solely on external financing.
• A gross margin of 20.94% combined with a 6.61% net margin suggests reasonable operating leverage but moderate sensitivity to revenue fluctuations.
• The 70 million yuan joint liability guarantee for Jiangyin Daoda creates a potential off‑balance contingent exposure; compare this to Jiangyin Daoda's net assets of 548.26 million yuan and total assets of 1.56 billion yuan to assess counterparty strength.
• When stress-testing solvency, factor in the subsidiary guarantee alongside existing debt maturities and any working-capital needs-profitability metrics imply internal coverage ability, but contingent liabilities reduce cushion.

For further context on shareholder composition and market positioning, see: Exploring Jiangnan Mould & Plastic Technology Co., Ltd. Investor Profile: Who's Buying and Why?

Jiangnan Mould & Plastic Technology Co., Ltd. (000700.SZ) - Valuation Analysis

Key market valuation metrics for Jiangnan Mould & Plastic Technology Co., Ltd. as of September 26, 2025:

• P/E of 21.89 implies investors pay ~22× trailing earnings - suggests moderate growth expectations relative to peers depending on sector comparables.
• P/S of 1.43 indicates the market values the company at 1.43 times its annual sales - useful where earnings volatility or accounting differences exist.
• Dividend yield of 1.97% (0.22 yuan/share) offers modest income; ex-dividend date was 2025-01-22.

Contextual items investors should layer onto the raw multiples:

• Compare P/E and P/S to domestic auto-parts/mould & plastic sector peers to gauge relative premium/discount.
• Assess earnings quality and forward EPS estimates - a 0.50 yuan TTM EPS underpins the current P/E; any analyst revisions will shift this valuation materially.
• Factor capital structure, margin trends and revenue growth into a DCF or multiples-based target to test whether 10.90 yuan is justified.

For deeper investor context on ownership and recent trading behavior, see: Exploring Jiangnan Mould & Plastic Technology Co., Ltd. Investor Profile: Who's Buying and Why?

Jiangnan Mould & Plastic Technology Co., Ltd. (000700.SZ) - Risk Factors

• Profitability metrics: net profit margin at 6.61% - indicates positive operating conversion but limited cushion against margin compression.
• Return on equity (ROE): 11.42% - suggests comparatively efficient use of shareholders' equity, yet not excessive relative to sector peers.
• Contingent liability: the company has provided a joint liability guarantee of RMB 70,000,000 for a credit line extended to its subsidiary, Jiangyin Daoda Automobile Decorative Parts Co., Ltd., creating potential off-balance-sheet exposure.
• Subsidiary financials (Jiangyin Daoda, as of 30 June 2025): total assets RMB 1,560,000,000; net assets RMB 548,260,000; net profit for the period RMB 38,160,000 - these figures inform the scale and health of the guaranteed exposure.
• Leverage transparency: the consolidated debt-to-equity ratio is not explicitly provided in available disclosures, limiting a full assessment of solvency risk.
• Operational sensitivity: with a moderate net margin, earnings are vulnerable to raw material price swings, customer concentration, or weaker auto industry demand that could hit the subsidiary and parent.
• Guarantee risk concentration: a single sizeable guarantee (RMB 70M) relative to subsidiary net assets (~RMB 548.26M) raises questions about recovery priority and cross-default implications.

• Monitoring priorities for investors: changes in subsidiary profitability, disclosures on consolidated leverage, any drawdown or default under the guaranteed credit line, and sector demand trends that could compress margins.
• Reference for deeper investor context: Exploring Jiangnan Mould & Plastic Technology Co., Ltd. Investor Profile: Who's Buying and Why?

Jiangnan Mould & Plastic Technology Co., Ltd. (000700.SZ) - Growth Opportunities

• 300,000 sets of vehicle bumpers per year
• 300,000 sets of car door thresholds and wheel eyebrows per year

• Revenue upside: USD 850M order provides multi-year top-line visibility if fully realized and repeated with additional OEMs.
• Capacity leverage: Mexican plant's 600,000 annual part-set capacity (combined bumpers + thresholds/eyebrows) creates scale economies and reduces lead times to North American OEMs.
• Margin expansion potential: Localized production can cut logistics and tariff costs, improving gross margins on exports to North America.
• Customer diversification: Active efforts to court additional North American clients, including Stellantis, reduce single-customer concentration risk and raise long-term contract probability.
• Valuation context: Market cap of 9.97 billion CNY vs. EPS (TTM) of 0.50 CNY implies a trailing P/E near 21.94x based on the 10.90 CNY share price, which investors should weigh against growth visibility from the North American order.