Company Profile · Technology

Jiangyin Jianghua Microelectronics Materials Co Ltd

603078 · Shanghai
Industry
Electronic Materials
Exchange
Shanghai
Country
China
Employees
846
Website
www.jianghuamem.com
Current Price
¥40.15
Live · Jul 15, 2026
Fair Buy
≤ ¥15
Margin-of-safety entry
Baillie Growth Score
31/100
Poor
Intrinsic Value · Three-Tier Range Current price ¥40.15 Live · Above the optimistic ceiling · future growth overdrawn

Composite valuation range · conservative ¥12–¥15 / fair ¥17–¥21 / optimistic ¥24–¥28. At ¥40.15, Above the optimistic ceiling · future growth overdrawn.

At publication ¥32.24 (Jul 26, 2026)

Financial snapshot
Market capCN¥12.41B
Revenue (TTM)CN¥1.28B
EBITDACN¥239.87M
Profit margin8.34%
ROE5.46%
P/E (TTM)114.93
Forward P/E0
EPSCN¥0.28
Dividend yield0.28%
52-week rangeCN¥17.40 – CN¥59.50

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

About the company

Jiangyin Jianghua Microelectronics Materials Co., Ltd engages in the research and development, production, and sale of ultra-clean high-purity reagents, photoresist supporting reagents, and other wet electronic chemicals in China. The company offers general chemicals, including acids and bases, solvents, and other products; functional chemicals, such as developing and rinsing solutions, etching solutions, stripping fluid, cleaning agent, and etching products. Its products are applied in integrated circuits, display panel, and crystalline silicon cells areas. The company was founded in 2001 and is based in Jiangyin, China.

Background

History

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Industry position

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Research on this stock
31/100 Avoid Jianghua Micro: A Real but Mixed Wet-Chemicals Business Priced Like a Pure Semiconductor-Materials Platform Jiangyin Jianghua Microelectronics is a wet electronic chemicals maker selling ultra-pure reagents and photoresist-supporting chemicals across semiconductor, display, and solar customers, with semiconductor now the largest end market at about CNY 711 million of 2025 revenue. The stock trades as if this were already a pure semiconductor-materials platform, but 2025 revenue rose only 12.3% and net profit 6.3% while the shares changed hands around 116x trailing earnings, well above stronger or more focused domestic peers Shanghai Sinyang (83x), Anji Micro (71x), and Greenda (63x). Research rating Avoid: real domestic-substitution progress and improving mix are being capitalized at a multiple that already assumes years of successful fab penetration the company has not yet delivered. Jiangyin Jianghua Microelectronics Materials Co., Ltd.603078 · ShanghaiElectronic MaterialsJul 26, 2026