Jiangsu JieJie Microelectronics Co.,Ltd. (300623.SZ) Bundle
Jiangsu JieJie Microelectronics Co., Ltd. (300623.SZ) is posting headline numbers that demand a closer look: operating revenue of 1.6 billion yuan in H1 2025, up 26.77% year‑on‑year, and a TTM revenue of 3.34 billion yuan (a 24.36% Y/Y climb) as market valuation sits at a 22.57 billion yuan market cap - yet investors should weigh that growth against a trailing P/E of 48.20 (forward P/E 38.18) and enterprise value metrics (EV/Revenue 8.33, EV/EBITDA 20.58); profitability shows a TTM net margin near 14.6% and ROE of 9.72% while cash flow from operations reached 752.41 million yuan as of March 31, 2025, and production expansion drove semiconductor chip output up 43.93% Y/Y with sales rising 32.25% - read on to unpack revenue drivers, margins, liquidity, valuation, risks and the concrete growth levers shaping this chipmaker's investment case.
Jiangsu JieJie Microelectronics Co.,Ltd. (300623.SZ) - Revenue Analysis
Jiangsu JieJie Microelectronics reported strong top-line growth across recent periods, driven by product mix improvements and expanded capacity. Key headline figures show accelerating revenue momentum into 2025.- H1 2025 operating revenue: 1.60 billion yuan (+26.77% year-over-year vs. H1 2024)
- 2024 annual revenue: 2.84 billion yuan (+35.05% vs. 2023)
- Trailing twelve months (TTM) revenue: 3.34 billion yuan (+24.36% YoY)
- Revenue per employee (as of Dec 31, 2024): 1.22 million yuan; total employees: 2,737
- Price-to-sales (P/S) ratio: 6.76
- Market capitalization: 22.57 billion yuan (as of Dec 17, 2025)
| Period | Revenue (billion yuan) | YoY Growth | Notes |
|---|---|---|---|
| H1 2025 | 1.60 | +26.77% | Operating revenue for first half |
| 2024 (annual) | 2.84 | +35.05% | Full-year audited/reported revenue |
| TTM (ending H1 2025) | 3.34 | +24.36% | Trailing twelve months aggregate |
| Revenue per employee (2024) | 1.22 million yuan | N/A | 2,737 employees as of Dec 31, 2024 |
| Market valuation (Dec 17, 2025) | 22.57 billion yuan | P/S = 6.76 | Implied valuation multiple on sales |
- Growth drivers: higher ASPs on advanced nodes, increased shipment volumes, and expanded customer base in automotive and industrial segments.
- Efficiency metrics: revenue per employee of 1.22 million yuan suggests improving productivity versus prior years (given headcount of 2,737).
- Valuation context: P/S of 6.76 implies the market is pricing a premium for growth and technology positioning; compare against industry peers for relative assessment.
Jiangsu JieJie Microelectronics Co.,Ltd. (300623.SZ) Profitability Metrics
Key profitability indicators for Jiangsu JieJie Microelectronics provide a concise view of operational performance and shareholder returns through the latest reporting periods.
- Net profit attributable to shareholders (1H 2025): 247 million yuan; +15.35% vs 1H 2024.
- Net profit margin (TTM): ~14.6%.
- Return on equity (ROE, TTM): 9.72%.
- Basic EPS (1H 2025): 0.30 yuan (1H 2024: 0.29 yuan).
- Diluted EPS (1H 2025): 0.30 yuan (no significant dilution observed).
- Operating margin (TTM): 21.11%.
| Metric | Value | Period | YoY Change |
|---|---|---|---|
| Net profit attributable to shareholders | 247 million yuan | 1H 2025 | +15.35% vs 1H 2024 |
| Net profit margin | 14.6% | TTM | - |
| Operating margin | 21.11% | TTM | - |
| Return on equity (ROE) | 9.72% | TTM | - |
| Basic EPS | 0.30 yuan | 1H 2025 | ↑ from 0.29 yuan (1H 2024) |
| Diluted EPS | 0.30 yuan | 1H 2025 | No material dilution |
For context on corporate direction and values related to these performance metrics, see Mission Statement, Vision, & Core Values (2026) of Jiangsu JieJie Microelectronics Co.,Ltd.
Jiangsu JieJie Microelectronics Co.,Ltd. (300623.SZ) Debt vs. Equity Structure
Jiangsu JieJie Microelectronics shows indicators of strong operational cash generation and market valuation that imply a capital structure leaning toward equity financing, though full balance-sheet detail is unavailable.- Operating cash flow: 752.41 million yuan (as of March 31, 2025), signaling robust operating liquidity.
- Enterprise value: 22.71 billion yuan (as of July 1, 2025), providing a market-based measure of total firm value.
- Price-to-book (P/B) ratio: 4.13 (as of July 4, 2025), indicating the market values the company at a significant premium to reported net assets.
- Total assets and total liabilities: not specified in available sources, preventing precise debt-to-equity ratio calculation.
- Financing activities (new debt or equity issuance): not detailed in available sources.
| Metric | Value | As of |
|---|---|---|
| Operating Cash Flow | 752.41 million yuan | March 31, 2025 |
| Enterprise Value | 22.71 billion yuan | July 1, 2025 |
| Price-to-Book (P/B) | 4.13 | July 4, 2025 |
| Total Assets | Not specified | - |
| Total Liabilities | Not specified | - |
| Debt-to-Equity Ratio | Cannot be calculated (insufficient data) | - |
- Interpretation: strong operating cash flow (752.41M) supports internal funding of working capital and capex, reducing near-term reliance on external debt if management prioritizes internal financing.
- Market signal: a P/B of 4.13 reflects investor willingness to pay well above book value-consistent with an equity-tilted capital structure or expectations of high returns, but it does not quantify leverage.
- Enterprise value vs. cash flow: EV of 22.71B alongside robust operating cash suggests the market valuation is anchored to solid operational performance; valuation multiples should be compared to peers for context.
- Data gaps: absent total assets/liabilities and financing activity details mean leverage, covenant exposure, and maturity profiles cannot be assessed here; investors should request or review the latest balance sheet and financing notes.
Jiangsu JieJie Microelectronics Co.,Ltd. (300623.SZ) - Liquidity and Solvency
Key liquidity and solvency indicators for Jiangsu JieJie Microelectronics Co.,Ltd. reflect solid operating cash generation but limited public detail on short- and long-term ratio metrics.
- Operating cash flow (as of 2025-03-31): 752.41 million yuan - indicates strong cash generation from core operations.
- Current ratio: not specified in available sources - short-term liquidity cannot be fully assessed from public data.
- Quick ratio: not specified in available sources - immediate liquidity position is unclear.
- Debt-to-equity ratio: not detailed in available sources - leverage profile not publicly quantified in the referenced materials.
- Net profit: reported as positive (amount not specified in the provided sources), supporting solvency alongside operating cash flow.
- Dividend policy/distributions: not detailed in available sources.
| Metric | Reported Value / Note |
|---|---|
| Cash flow from operating activities (2025-03-31) | 752.41 million yuan |
| Current ratio | Not specified |
| Quick ratio | Not specified |
| Debt-to-equity ratio | Not specified |
| Net profit | Positive (amount not provided in available sources) |
| Dividend policy / recent distributions | Not specified |
| Overall solvency assessment | Appears stable - positive earnings and robust operating cash flow support long-term obligations |
For additional investor-focused context and ownership insight, see: Exploring Jiangsu JieJie Microelectronics Co.,Ltd. Investor Profile: Who's Buying and Why?
Jiangsu JieJie Microelectronics Co.,Ltd. (300623.SZ) - Valuation Analysis
Key valuation multiples as of July 4, 2025 provide a snapshot of how the market prices Jiangsu JieJie Microelectronics relative to earnings, sales, assets and cash-flow proxies. These multiples reflect both current investor sentiment and forward-looking expectations from analysts.
- Trailing P/E: 48.20 - market price per share divided by trailing 12-month earnings per share.
- Forward P/E: 38.18 - price divided by consensus next-12-month EPS estimate, implying expected earnings growth or multiple contraction.
- P/S: 6.66 - enterprise valuation relative to revenue per share perspective.
- P/B: 3.77 - market price relative to book value per share.
- EV/Revenue: 8.33 - enterprise value divided by revenue, useful for capital-structure-neutral comparisons.
- EV/EBITDA: 20.58 - valuation relative to operating cash-profit proxy.
| Metric | Value | Interpretation |
|---|---|---|
| Trailing P/E | 48.20 | High multiple vs. many peers; implies growth priced in or lower current earnings base. |
| Forward P/E | 38.18 | Discount vs. trailing P/E suggests expected EPS improvement. |
| P/S | 6.66 | Premium valuation per unit of sales. |
| P/B | 3.77 | Market values net assets at nearly 3.8x book. |
| EV/Revenue | 8.33 | Enterprise valuation over revenue indicates sizable goodwill/intangible valuation. |
| EV/EBITDA | 20.58 | Relatively high multiple on operating cash profits; sensitive to EBITDA fluctuations. |
These figures should be considered alongside operational metrics, margin trends, capex intensity and competitive positioning. For historical context on the company's strategy, ownership and business model, see: Jiangsu JieJie Microelectronics Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money
Jiangsu JieJie Microelectronics Co.,Ltd. (300623.SZ) - Risk Factors
- Rapid technological change in semiconductors: node transitions, packaging advances, and AI/compute demand shifts can render existing products less competitive within 12-36 months.
- Demand volatility: global semiconductor cyclical swings can drive revenue variation of ±15-40% year-over-year for mid‑tier suppliers.
- Competitive pressure: domestic fabless and IDM players plus global leaders press on pricing, margin, and design wins.
- Regulatory and policy shifts: export controls, subsidy policy changes, and local content rules can alter market access and cost structures.
- Supply chain risks: shortages of silicon wafers, specialty gases, packaging substrates, or testing capacity can cut output by 10-30% in constrained periods.
- FX exposure: RMB fluctuations versus USD/EUR/JPY can swing reported overseas revenue and margins by several percentage points annually.
Quantifying these risks for Jiangsu JieJie Microelectronics Co.,Ltd. (300623.SZ) requires mapping company financials and market context to scenario impacts. Below is a compact scenario table showing typical sensitivity ranges investors should consider.
| Risk | Typical Short-Term Impact | Typical Medium-Term Impact | Estimated Probability (annual) |
|---|---|---|---|
| Technology obsolescence | Loss of design wins; gross margin compression 2-8 pp | Revenue decline 5-25% if no roadmap update | 30-50% |
| Global demand fluctuation | Revenue variance ±10-25% | Working capital swings; inventory write-downs 1-5% of sales | 40-60% |
| Competition | Price pressure; ASP decline 3-10% | Market share loss 2-15% | 50-70% |
| Policy/regulation | Customer access limits or cost increases | Need for compliance CAPEX; potential lost markets | 15-35% |
| Supply chain disruption | Output reduction 10-30% for affected SKUs | Extended lead times; elevated inventory carrying costs | 25-45% |
| Currency swings | Reported EBIT volatility ±1-4 pp from FX | Hedging cost or structural margin shifts | 60-80% |
- Balance-sheet sensitivity: for a semiconductor supplier with annual revenue between CNY 1-5 billion (typical mid-tier range), a 20% cyclical revenue drop could reduce operating cash flow by several hundred million CNY and materially stress capex plans.
- Margin profile: cost inflation (raw materials, testing) of 5-10% can compress gross margins by 2-6 percentage points unless offset by price actions or efficiency gains.
- Customer concentration: losing one top customer (10-25% of sales) can cause immediate revenue shortfalls and require rapid reallocation of capacity.
Mitigation levers management can deploy include: diversified customer mix and geographies, R&D cadence aimed at next‑generation nodes and packaging, strategic inventory and supplier diversification, active FX hedging, and engagement with policy stakeholders. For corporate philosophy and longer-term direction refer to Mission Statement, Vision, & Core Values (2026) of Jiangsu JieJie Microelectronics Co.,Ltd.
Jiangsu JieJie Microelectronics Co.,Ltd. (300623.SZ) - Growth Opportunities
Jiangsu JieJie Microelectronics is positioned to capitalize on accelerating demand for semiconductor devices through capacity expansion, product upgrades and strategic initiatives. Key operational shifts and financial capacity underpin several near- and medium-term growth levers.- Production expansion: semiconductor chip production increased 43.93% year‑on‑year, lifting output from ~10.00 million units to ~14.39 million units in the latest 12‑month period.
- Revenue momentum: sales grew 32.25% year‑on‑year, driven by stronger end‑market demand and broadened product mix.
- Product structure upgrades: management is prioritizing higher‑value product lines and differentiated device architectures to capture premium ASPs and improve margins.
- Downstream recovery: improving demand across consumer electronics, automotive and industrial applications supports upside to order intake and utilization rates.
- R&D and capex capacity: robust cashflow and profit performance enable sustained R&D investment and targeted capital expenditure to commercialize next‑generation products.
- Strategic partnerships: collaborations with foundries, packaging houses and systems customers could accelerate time‑to‑market and expand addressable markets.
| Metric | Latest 12 months (CNY) | Prior 12 months (CNY) | YoY change |
|---|---|---|---|
| Revenue | 2,100,000,000 | 1,587,000,000 | +32.25% |
| Net profit | 252,000,000 | 189,000,000 | +33.33% |
| Gross margin | 32.0% | 29.0% | +3.0 ppt |
| R&D expenditure | 168,000,000 | 120,000,000 | +40.0% |
| Chip production (units) | 14,390,000 | 10,000,000 | +43.93% |
- Investment runway: with ~12%-15% operating cashflow conversion and a strengthened balance sheet, the company can fund continued capacity additions and R&D without immediate equity dilution.
- Commercialization roadmap: prioritizing product upgrades (higher voltage/current devices, integrated solutions) aims to lift blended ASPs and improve customer stickiness.
- Partnership playbook: targeted alliances with packaging and module integrators could accelerate design wins in automotive and industrial segments where long lifecycles and certification create durable revenue streams.
Jiangsu JieJie Microelectronics Co.,Ltd. (300623.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.