Company Profile · Basic Materials

Jiangsu Boqian New Materials Stock Co Ltd

605376 · Shanghai
Exchange
Shanghai
Country
China
Employees
1,097
Current Price
¥151.66
Live · Jul 27, 2026
Fair Buy
≤ ¥115
Margin-of-safety entry
Baillie Growth Score
44/100
Weak
Intrinsic Value · Three-Tier Range Current price ¥151.66 Live · Within the optimistic intrinsic-value range · much expectation priced in

Composite valuation range · conservative ¥80–¥100 / fair ¥105–¥135 / optimistic ¥145–¥180. At ¥151.66, Within the optimistic intrinsic-value range · much expectation priced in.

At publication ¥182.45 (May 28, 2026)

Market capCN¥36.07B
Revenue (TTM)CN¥1.31B
EBITDACN¥356.11M
Profit margin18.52%
ROE14.53%
P/E (TTM)149.86
Forward P/E0
EPSCN¥0.92
Dividend yield0.07%
52-week rangeCN¥38.87 – CN¥296.30

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Jiangsu Boqian New Materials Stock Co., Ltd. research, develops, produces, and sells nanometer metal powder materials in China. The products include pure metal powders, including nickel, copper, copper flake, iron and silver powders; binary alloy powder, such as Cu-Mn, copper-nickel, silver bismuth, nickel chromium, iron cobalt, iron nickel, ferrosilicon, and iron silicon alloy powders; ternary alloy powder, including tin-silver-copper and tin-bismuth-silver alloy powders; and other powders, such as silicon powders, silver-coated copper and nickel powders, and 3D printed metal powders. Its materials are used in consumer electronics, automotive electronics, communications, industrial automation, aerospace, AI servers, and other fields. Jiangsu Boqian New Materials Stock Co., Ltd. was founded in 2010 and is based in Suqian, China.

History

Jiangsu Boqian New Materials Stock Co., Ltd. (Boqian) was founded in 2010 and is based in Suqian, China. The company researches, develops, produces, and sells nanometer and submicron metal powder materials, including nickel, copper, and silver powders together with binary and ternary alloy powders. Its core production technology is an atmospheric-pressure plasma-heated vapor-phase condensation (PVD) method. The materials are used in MLCC, consumer electronics, automotive electronics, communications, industrial automation, and aerospace. In 2025 the company reported revenue of 11.52 亿元 and net profit attributable to shareholders of 2.19 亿元.

Industry position

Boqian is an upstream domestic supplier of high-end metal powders for MLCC electrodes rather than an end-product brand. It states it was the sole drafter of the 《电容器电极镍粉》 industry standard YS/T 1338-2019, and by the end of 2025 held 181 valid authorized patents (144 domestic, 37 overseas, 64 of them inventions). It is certified to ISO9001 and IATF-16949 and discloses long-term cooperation with leading electronic-component makers including Samsung Electro-Mechanics, Yageo, Walsin Technology, Fenghua, and CCTC. Its advantage rests on process know-how, particle-size control, and lengthy customer qualification cycles.