Breaking Down Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. Financial Health: Key Insights for Investors

Fasten your seatbelt: Jonjee Hi-tech's recent numbers demand a close look - Q1 2025 revenue slid to 1.102 billion yuan (down 25.8% YoY) while trailing twelve‑month revenue sits at 4.73 billion yuan (down 7.85% YoY) against a 2024 annual revenue of 5.52 billion yuan; profitability shows a TTM net income of 696.75 million yuan with a net margin of 16.26% and operating margin of 19.20%, EPS of 0.90 yuan and ROE at 15.52%; valuation and market metrics include a market cap near 14.68 billion yuan (as of July 1, 2025) with a trailing P/E of 17.78 and P/S roughly 2.86, while liquidity and solvency reveal total cash of 1.332 billion yuan, a current ratio of 2.38 and a conservative debt‑to‑equity of 17.56 - plus a planned 200 million yuan investment to launch the Torch Dinghui Fund and a declared dividend of 0.42 yuan per share (2.46% yield, ex‑dividend July 7, 2025); dive into the full breakdown to see what these figures mean for investors and which growth catalysts and risks matter most.

Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (600872.SS) Revenue Analysis

Jonjee Hi-tech reported notable variability in recent top-line performance, with a sharp Q1 2025 decline but positive annual growth in 2024 and analyst-modeled recovery over 2025-2027.

• Q1 2025 revenue: 1.102 billion yuan (down 25.8% YoY).
• Trailing twelve months (TTM) revenue: 4.73 billion yuan (down 7.85% YoY).
• Full-year 2024 revenue: 5.52 billion yuan (up 7.39% vs. 2023).
• Revenue per employee (2024): ~1.21 million yuan; total employees: 3,910 (as of Dec 31, 2024).
• Market capitalization: 13.77 billion yuan; P/S ratio: 2.91.
• Analyst revenue projections: 5.67 bn (2025), 6.23 bn (2026), 6.78 bn (2027).

Key implications for investors:

• The Q1 2025 contraction (-25.8% YoY) drives the lower TTM figure despite 2024 annual growth.
• Revenue per employee (~1.21M yuan) suggests moderate operational productivity relative to peers - useful when benchmarking cost structure and scalability.
• P/S of 2.91 reflects market valuation vs. current sales; sensitivity to revenue recovery is high given the recent YoY declines.
• Analyst projections imply a return to growth trajectory through 2027, supporting upside if execution and market conditions align.

Exploring Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. Investor Profile: Who's Buying and Why?

Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (600872.SS) - Profitability Metrics

Key profitability indicators for Jonjee Hi-tech show solid margins and returns, paired with a recent quarterly dip in earnings that investors should note.

• Trailing twelve months (TTM) net income: 696.75 million yuan
• Net profit margin (TTM): 16.26%
• Operating margin (TTM): 19.20%
• Earnings per share (EPS): 0.90 yuan; P/E ratio: 18.97
• ROA (TTM): 8.32%; ROE (TTM): 15.52%
• Declared dividend: 0.42 yuan per share (yield 2.46%); ex-dividend date: July 7, 2025
• Q1 2025 net income attributable to shareholders: 181 million yuan (down 24.2% YoY)

Contextual notes and investor considerations:

• The operating margin (19.20%) exceeds the net margin (16.26%), indicating control over core operating costs but a portion of profit reduced by non-operating items, taxes, or financing costs.
• ROE of 15.52% suggests efficient equity use; ROA of 8.32% shows moderate asset productivity relative to peers.
• P/E of 18.97 against EPS 0.90 implies market pricing consistent with moderate growth/return expectations; compare to sector peers for valuation context.
• Dividend yield 2.46% with a declared 0.42 CNY per share provides income component; note ex-dividend date July 7, 2025.
• The 24.2% YoY fall in Q1 2025 net income to 181 million CNY is a short-term profitability signal to investigate (seasonality, one-offs, margin pressure).

For the company's stated mission and strategic orientation that frame these financial outcomes, see Mission Statement, Vision, & Core Values (2026) of Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd.

Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (600872.SS) - Debt vs. Equity Structure

• Total debt-to-equity ratio: 17.56 - a conservative leverage profile emphasizing equity financing.
• Current ratio: 2.38 - indicates solid short-term liquidity to cover current liabilities.
• Book value per share: ¥7.45 - reflects net asset backing per issued share.
• Market capitalization (as of 2025-07-01): ¥14.68 billion; P/E ratio: 17.78.
• Enterprise value / Revenue: 2.86; Enterprise value / EBITDA: 12.29 - valuation multiples for top‑line and operating cash flow comparison.
• Planned strategic deployment: ¥200 million investment to establish the Torch Dinghui Fund to diversify holdings and investment returns.

• Liquidity vs. leverage snapshot: high current ratio alongside low relative debt suggests capacity for opportunistic investment (e.g., the ¥200M fund) without materially increasing financial risk.
• Valuation lens: P/E ~17.8 and EV/EBITDA ~12.3 position the company in a moderate valuation band-investors should compare these multiples to peers in industrial & commercial holdings and historical company averages.
• Balance-sheet implication: book value per share of ¥7.45 provides a baseline for downside protection relative to market cap; monitor changes in net assets if the Torch Dinghui Fund materially reweights holdings.

Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (600872.SS) - Liquidity and Solvency

• Total cash (Mar 31, 2025): 1,332,000,000 yuan - Cash per share: 1.71 yuan
• Operating cash flow (TTM): 802,800,000 yuan
• Levered free cash flow (TTM): -467,900,000 yuan
• Book value per share: 7.45 yuan
• Planned strategic investment: 200,000,000 yuan into Torch Dinghui Fund
• Employees (Dec 31, 2024): 3,910 - Revenue per employee: 1,310,000 yuan

• Cash runway: 1.332 billion yuan provides short-term liquidity but must be weighed against debt maturities and the planned 200 million yuan investment.
• Cash generation vs. free cash flow: Strong operating cash flow (802.8 million) contrasts with negative levered FCF (-467.9 million), signaling that financing, capex or debt service are absorbing operational cash.
• Balance-sheet buffer: Book value per share of 7.45 yuan suggests a meaningful net-asset base relative to cash per share (1.71 yuan).
• Operational efficiency: Revenue per employee of 1.31 million yuan indicates solid productivity metrics for workforce scale.

Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (600872.SS) - Valuation Analysis

• Trailing P/E: 17.78 (market cap: 14.68 billion CNY as of 2025-07-01)
• Forward P/E: 17.14 - indicates market pricing consistent with near-term earnings expectations
• P/S ratio: 2.86; P/B ratio: 2.53 - market valuation relative to sales and book value
• EV/Revenue: 2.86; EV/EBITDA: 12.29 - enterprise-value-based valuation metrics
• Declared dividend: 0.42 CNY/share, dividend yield: 2.46%, ex-dividend date: 2025-07-07
• Strategic allocation: planned 200 million CNY contribution to establish the Torch Dinghui Fund

• Relative valuation context: the P/E and EV multiples place Jonjee Hi-tech in a moderate valuation band - neither deep value nor high-growth stretched - given stable forward P/E close to trailing P/E.
• Dividend policy: a 0.42 CNY payout yielding 2.46% provides income component to total shareholder return.
• Capital allocation: 200 million CNY earmarked for the Torch Dinghui Fund signals diversification into fund investments, which may affect future earnings volatility and asset composition.

Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (600872.SS) - Risk Factors

Investors assessing Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (600872.SS) should weigh several firm-specific and market risks that can materially influence earnings, cash flow and valuation.

• Raw material price fluctuations: the company's margins are sensitive to input-cost volatility (steel, chemicals, electronic components depending on product lines). Sharp commodity moves can compress gross margins and EBITDA.
• Exchange rate volatility: exposure from exports and imported inputs means RMB/USD (and other currency) swings can affect reported revenue and net profit when translated to RMB.
• Overseas expansion challenges: regulatory, distribution, and local-competition barriers may slow international revenue growth and increase capital and operating costs.
• Investment diversification risk: the company plans to invest ¥200 million to establish the Torch Dinghui Fund - this shifts capital from core operations and creates manager/asset-performance risk.
• Operational leverage and workforce: with 3,910 employees (as of December 31, 2024) and revenue per employee of ¥1.31 million, productivity deterioration or labor-cost increases will directly pressure unit economics.
• Balance-sheet sensitivity: book value per share is ¥7.45, which reflects net asset backing but may not capture intangible or market-value swings; asset write-downs or impairments would reduce this metric.

Risk mitigation considerations for investors include hedging strategies for commodity and FX exposure, staged capital deployment for the ¥200M fund, careful monitoring of overseas rollouts, and tracking productivity metrics (e.g., revenue/employee trends). For company background and broader corporate context, see Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money

Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (600872.SS) - Growth Opportunities

• Analyst revenue projections signal steady top-line expansion from 2025-2027, supporting reinvestment and margin improvement potential.
• Strategic allocation to alternative investments via the planned 200 million yuan Torch Dinghui Fund aims to diversify returns and reduce single-business risk.
• Operational efficiency appears healthy with revenue per employee at 1.31 million yuan, suggesting scalable human capital deployment across growth initiatives.
• Shareholder returns are supported by a declared dividend of 0.42 yuan per share (yield 2.46%), which may attract income-focused investors alongside growth seekers.

• Valuation context: P/E 17.78 vs. growth to ~6.78 billion revenue in 2027 suggests moderate expectations priced in; pay attention to margin trends and fund performance.
• Capital allocation: the 200 million yuan fund is material for non-core investments-monitor capital deployment, expected returns, and any related-party exposures.
• Efficiency levers: maintaining or improving revenue per employee above 1.3 million yuan will be critical to converting revenue growth into EPS gains.