XTC New Energy Materials Xiamen Co Ltd

688778 · SHG · Industrials / Electrical Equipment & Parts

36.49CNY-1.38 (-3.64%)

Price History

Full chart

Market Stats

Previous Close37.87

Open38.00

Day Range36.35 – 38.42

52-Week Range40.00 – 101.35

Volume5.50M

Market Cap22.14B

P/E (TTM)24.24

Forward P/E0.00

EPS1.81

Dividend Yield1.37%

Beta0.71

50-Day Avg45.49

200-Day Avg65.97

About

XTC New Energy Materials(Xiamen) Co.,Ltd. engages in the research and development, production, and sale of lithium-ion battery cathode materials in China. The company offers high-voltage NCM materials, lithium cobalt oxide, high nickel NCM materials, lithium iron phosphate, sodium ion battery materials, and hydrogen storage materials for use in 3C consumer electronics, power battery, energy storage, and hydrogen energy markets. The company was founded in 2002 and is based in Xiamen, China. XTC New Energy Materials(Xiamen) Co.,Ltd. operates as a subsidiary of Xiamen Tungsten Co.,Ltd.

Company Details

SectorIndustrials
IndustryElectrical Equipment & Parts
CEOMr. Long Jiang
Employees3.97K
HeadquartersNo. 300, Kejingshe, Xiamen, China, 361026, China
Websitehttps://www.xtc-xny.com

Leadership

Mr. Long JiangGM & Director · b. 1980
Mr. Ruicheng ZhangCFO, Head of Accounting Department & Financial Director · b. 1978
Mr. Chao ZhengInvestment Director · b. 1980
Mr. Lei Ying ZengTechnical Director & President of New Energy Materials Research Institute · b. 1980
Mr. Guo Zhen WeiDeputy Director & Chief Engineer of New Energy Materials Research Institute · b. 1983
Mr. Yue Fei MaChief Engineer · b. 1980
Mr. Kangsheng ChenSecretary · b. 1976
Mr. Peng ZhangSenior R&D Engineer · b. 1981
Mr. Qing Dong ChenDeputy General Manager · b. 1977
Mr. Xiao Cheng LuoProduction Director & Chairman of Sanming Xiatung · b. 1976

Financials

Income Statement

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	4.21B	7.03B	6.98B	7.99B	15.92B	28.75B	17.31B	13.30B	20.03B
Growth (%)	-	+66.84%	-0.69%	+14.50%	+99.31%	+80.55%	-39.79%	-23.19%	+50.67%
Cost of Revenue	3.68B	6.39B	6.48B	7.21B	14.49B	26.43B	16.11B	12.20B	19.16B
Gross Profit	534.67M	635.85M	495.21M	776.59M	1.43B	2.32B	1.20B	1.10B	875.05M
Gross Margin	12.70%	9.05%	7.10%	9.72%	9.00%	8.07%	6.94%	8.29%	4.37%
Operating Expense	284.09M	551.26M	385.87M	498.75M	791.35M	1.08B	641.42M	588.45M	0
Operating Income	250.58M	84.59M	109.35M	277.84M	641.09M	1.24B	560.38M	513.23M	875.05M
Operating Margin	5.95%	1.20%	1.57%	3.48%	4.03%	4.31%	3.24%	3.86%	4.37%
EBITDA	322.63M	252.91M	263.18M	565.07M	950.77M	1.55B	920.57M	876.88M	1.25B
EBITDA Margin	7.66%	3.60%	3.77%	7.07%	5.97%	5.38%	5.32%	6.59%	6.26%
Net Income	166.06M	80.11M	150.08M	250.55M	578.61M	1.12B	527.45M	494.07M	754.90M
Net Income Margin	3.94%	1.14%	2.15%	3.14%	3.63%	3.90%	3.05%	3.72%	3.77%
R&D	172.59M	332.34M	245.43M	261.18M	471.00M	757.31M	464.61M	418.72M	545.18M
R&D as % of Total Revenue	4.10%	4.73%	3.52%	3.27%	2.96%	2.63%	2.68%	3.15%	2.72%
Interest Expense	36.82M	124.25M	113.64M	109.97M	126.35M	168.75M	132.53M	55.65M	12.86M
Interest Expense % of Total Revenue	0.87%	1.77%	1.63%	1.38%	0.79%	0.59%	0.77%	0.42%	0.06%

Balance Sheet

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	3.77B	5.55B	5.35B	6.22B	10.68B	15.38B	13.48B	14.75B	21.96B
Total Liabilities	3.04B	4.74B	3.78B	4.42B	6.72B	7.03B	4.64B	5.68B	-9.43B
Total Equity	666.85M	746.70M	1.51B	1.75B	3.88B	8.20B	8.58B	8.74B	9.43B
Cash	109.52M	164.51M	51.44M	277.92M	428.52M	1.02B	1.20B	1.64B	1.75B
Total Debt	394.00M	1.41B	1.98B	2.42B	1.65B	1.58B	748.55M	603.82M	-
Net Debt	284.48M	1.25B	1.92B	2.14B	1.22B	561.78M	-451.02M	-1.03B	-

Cash Flow

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-593.87M	111.50M	171.84M	396.88M	360.54M	-1.56B	2.58B	1.75B	1.22B
Investing Cash Flow	-379.21M	-612.87M	-588.47M	-332.67M	-741.48M	-994.93M	-1.48B	-972.18M	-
Financing Cash Flow	1.08B	555.30M	303.15M	160.79M	533.77M	3.14B	-930.98M	-340.83M	-
Capital Expenditure	379.21M	612.87M	585.82M	333.18M	556.25M	650.66M	1.15B	965.81M	805.21M
Free Cash Flow	-973.08M	-501.37M	-413.99M	63.70M	-197.46M	-2.21B	1.43B	787.43M	418.80M
Dividends Paid	34.72M	90.49M	96.88M	179.88M	77.02M	125.79M	150.28M	326.43M	287.91M
FCF to OCF	163.85%	-449.68%	-240.92%	16.05%	-54.77%	141.67%	55.61%	44.91%	34.22%
Dividend Paid to FCF	-3.57%	-18.05%	-23.40%	282.38%	-39.01%	-5.69%	10.47%	41.45%	68.75%

Earnings

Report Date	Mar 30, 2022	Apr 26, 2022	Jul 15, 2022	Oct 23, 2022	Apr 21, 2023
EPS Estimate	-	-	-	-	-
EPS Actual	0.62	0.82	1.29	1.22	0.38
Surprise	-	-	-	-	-
Timing	After-hours	Pre-market	Pre-market	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap22.14B

Enterprise Value20.59B

Trailing P/E24.24

Forward P/E0.00

Price / Sales0.83

Price / Book2.30

EPS1.81

Book Value18.89

Revenue (TTM)26.79B

Gross Profit (TTM)2.25B

EBITDA1.66B

Profit Margin3.40%

Operating Margin3.71%

Return on Equity9.52%

Return on Assets3.49%

Shares Outstanding504.69M

Shares Float168.32M

Beta0.71

Dividend Yield1.37%

Dividend Rate0.60

Payout Ratio27.62%

Dividends

20262×

0.30Sep 16, 20260.30Jun 26, 2026

20252×

0.20Sep 10, 20250.40Jul 3, 2025

20241×

0.58Jun 14, 2024

20231×

0.42Jun 6, 2023

20221×

0.30May 23, 2022

Stock Splits

Jul 3, 20251.2:1
Jun 6, 20231.4:1