Company Profile · Technology

Anji Microelectronics Tech Co Ltd

688019 · Shanghai
Industry
Electronic Materials
Exchange
Shanghai
Country
China
Employees
785
Website
www.anjimicro.com
Current Price
¥245.99
Live · Jun 18, 2026
Fair Buy
≤ ¥145
Margin-of-safety entry
Baillie Growth Score
52/100
Medium
Intrinsic Value · Three-Tier Range Current price ¥245.99 Live · Within the fair intrinsic-value range

Composite valuation range · conservative ¥135–¥145 / fair ¥204–¥276 / optimistic ¥347–¥400. At ¥245.99, Within the fair intrinsic-value range.

At publication ¥230.45 (Jun 14, 2026)

Research on this stock
Anji Microelectronics Technology (Shanghai) Co., Ltd.
688019 · Shanghai
Hold
Anji Technology: CMP Materials Import Substitution and the Second Curve

Anji Technology makes CMP polishing slurry and functional wet electronic chemicals, and is a core play on domestic substitution in semiconductor materials, with 2025 revenue of 2.504 billion yuan. Import substitution is converting strongly, but at roughly 230 yuan and a PE above 60x the market has already priced in second-curve businesses such as electroplating solutions, leaving no margin of safety against a conservative intrinsic value. Rating Hold: the fair buying range is 135 to 145 yuan, and a more visible pullback is needed before building a position in tranches.

Electronic Materials Baillie 52 Jun 14, 2026
About the company

Anji Microelectronics Technology (Shanghai) Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells semiconductor materials in China and internationally. The company offers chemical mechanical polishing slurry, such as copper and copper barrier layers, tungsten slurries, dielectric polishing slurries, ceria-based dielectric polishing slurries, chemical mechanical polishing slurries for substrate, and polishing slurries for new materials and new processes. It also provides formulated wet electronic chemicals, including post etch and CMP cleaning solutions, photoresist strippers, etchants, and ECP (Electro-chemical Plating) solution and additives. Anji Microelectronics Technology (Shanghai) Co., Ltd. was founded in 2004 and is based in Shanghai, China.

Financial snapshot
Market capCN¥55.96B
Revenue (TTM)CN¥2.68B
EBITDACN¥941.38M
Profit margin30.66%
ROE22%
P/E (TTM)65.95
Forward P/E0
EPSCN¥3.73
Dividend yield0.16%
52-week rangeCN¥136.60 – CN¥348.50

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

Background

History

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Industry position

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