| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 40.13 | -57 |
| Intrinsic value (DCF) | 16.34 | -82 |
| Graham-Dodd Method | n/a | |
| Graham Formula | 14.43 | -85 |
Jiangsu Boqian New Materials Stock Co., Ltd. is a specialized manufacturer of nanometer metal powder materials headquartered in Suqian, China. Founded in 2010 and publicly traded on the Shanghai Stock Exchange, the company operates within the Basic Materials sector, specifically in the Chemicals industry. Boqian's core business involves the research, development, production, and sale of high-purity nanometer powders including pure metal, copper, ternary alloy, and other specialized formulations. These advanced materials serve critical applications across multiple high-growth industries including consumer electronics, automotive electronics, telecommunications, industrial automation, and aerospace. As China continues to advance its high-tech manufacturing capabilities, Boqian's nanometer materials play an essential role in enabling next-generation electronic components, conductive inks, and advanced material solutions. The company's positioning at the intersection of materials science and electronics manufacturing makes it a key supplier in China's technology supply chain, serving the growing demand for miniaturized, high-performance materials in electronic devices and industrial applications.
Jiangsu Boqian presents a mixed investment profile with several positive indicators offset by notable concerns. The company demonstrates solid profitability with net income of CNY 87.5 million on revenue of CNY 945 million, translating to healthy margins. Strong operating cash flow of CNY 295 million significantly exceeds capital expenditures, indicating good cash generation. The generous dividend yield, with a dividend per share of CNY 0.47 relative to EPS of CNY 0.33, suggests shareholder-friendly policies but raises questions about sustainability. However, the modest market capitalization of CNY 13.1 billion and low beta of 0.659 indicate limited market recognition and potentially lower growth expectations. The company's debt level of CNY 98.7 million is manageable relative to cash reserves, but investors should monitor the sustainability of both the dividend policy and the company's ability to maintain its competitive position in the specialized nanometer materials market against larger competitors.
Jiangsu Boqian operates in the highly specialized nanometer metal powder market, where competitive advantage is built on technical expertise, production scale, and customer relationships. The company's positioning as a domestic Chinese supplier provides advantages in serving local manufacturing ecosystems, particularly in consumer electronics and automotive sectors where supply chain localization is increasingly valued. Boqian's focus on multiple powder types (pure metal, copper, ternary alloy) demonstrates some diversification within its niche, though its scale remains modest compared to industry leaders. The company's research and development capabilities are crucial in this technology-driven segment, where material purity, particle size consistency, and production efficiency determine competitive positioning. However, Boqian faces significant challenges from larger chemical and materials companies with greater R&D budgets, global distribution networks, and established relationships with multinational electronics manufacturers. The nanometer materials market is characterized by high barriers to entry due to technical expertise requirements, but also faces pressure from potential substitution by alternative materials and technologies. Boqian's regional focus may limit growth opportunities compared to global competitors, though it provides some insulation from international competition within China's domestic market. The company's ability to maintain technological parity while competing on cost and service will be critical for long-term viability.