Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) Bundle
From its founding in 2001 to a 2019 nod on Forbes' 'Asia's 200 Best Under A Billion,' Zhejiang Jiemei Electronic And Technology Co., Ltd. (Shenzhen: 002859.SZ) has grown into a vertically integrated supplier of electronic packaging materials, electronic-grade films and composite current collectors, employing 3,136 people as of December 31, 2024-a 14.20% year‑on‑year increase-while scaling strategic moves like the May 14, 2025 cooperation between its subsidiary Rouzhen Technology and a leading solid‑state battery manufacturer to develop high‑safety composite electrolytes and a June 2025 capital injection of 30 million CNY that lifted Jiemei's stake in Rouzhen from 58.43% to 60.41%; backed by advanced manufacturing, heavy R&D investment, a direct sales model and international expansion including Jiemei (Philippines) Electronic Technology Inc. launched in 2023, the group reported a market capitalization around 12.29 billion CNY in 2025 (up 37.72% year‑over‑year) as it monetizes paper and plastic carrier tapes, release and polyester films, composite current collectors and emerging composite electrolytes for lithium and solid‑state batteries, positioning its ownership structure and partnerships to accelerate capacity, competitiveness and downstream supply to battery manufacturers.
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ): Intro
History- Founded in 2001, Zhejiang Jiemei Electronic And Technology Co., Ltd. specializes in electronic packaging materials, electronic-grade film materials, and composite current collectors.
- In 2019, the company was included in Forbes' 'Asia's 200 Best Under A Billion,' reflecting its growing industry presence and performance.
- Key 2024-2025 milestones:
- Employees (as of December 31, 2024): 3,136 - a 14.20% year-over-year increase.
- Market capitalization (2025): ~12.29 billion CNY - a 37.72% increase vs. prior year.
- May 14, 2025: Subsidiary Rouzhen Technology signed a strategic cooperation framework agreement with a leading solid‑state battery manufacturer to co-develop high‑safety, lightweight composite electrolytes.
- June 2025: Increased investment in Rouzhen Technology by 30 million CNY, raising Jiemei's shareholding from 58.43% to 60.41% to accelerate capacity expansion in composite fluid products.
- Listed on the Shenzhen Stock Exchange (002859.SZ).
- Operates through a group structure with manufacturing and R&D subsidiaries; Rouzhen Technology is a strategically significant subsidiary focused on composite electrolyte and fluid products.
- Recent equity movement in Rouzhen (June 2025) increased Jiemei's control to 60.41% (from 58.43%), reinforcing its consolidated reporting and strategic direction.
- The company emphasizes material innovation for next‑generation electronics and energy storage, pursuing safety, lightweight design, and scalable manufacturing.
- For a full statement and updated 2026 declarations, see: Mission Statement, Vision, & Core Values (2026) of Zhejiang Jiemei Electronic And Technology Co., Ltd.
- Primary product lines:
- Electronic packaging materials (barrier films, adhesives).
- Electronic‑grade film materials for display, semiconductor and sensor applications.
- Composite current collectors and composite fluids for battery systems.
- R&D and partnerships: collaborates with battery manufacturers (e.g., the May 14, 2025 solid‑state battery partnership) to adapt materials for higher‑safety, higher‑energy applications.
- Manufacturing footprint: investment-driven capacity expansion (e.g., Rouzhen equity boost) to scale composite fluid and electrolyte production lines for EV and consumer energy markets.
- Revenue streams:
- Sales of electronic packaging and film materials to consumer electronics, display, and semiconductor clients.
- Sales of composite current collectors and composite fluids to battery manufacturers (including emerging solid‑state battery supply chains).
- Technology licensing, joint development contracts and strategic supply agreements (e.g., the 2025 framework cooperation with a solid‑state battery maker).
- Customer mix: OEMs in electronics, display makers, battery manufacturers for EVs and energy storage systems; strategic partnerships drive higher‑margin, long‑term supply contracts.
- Capital allocation: reinvestment into subsidiaries (30 million CNY into Rouzhen, June 2025) to expand production capacity and capture downstream battery manufacturing demand.
| Metric | Value |
|---|---|
| Founded | 2001 |
| Listing | Shenzhen Stock Exchange (002859.SZ) |
| Employees (Dec 31, 2024) | 3,136 (↑14.20% YoY) |
| Market Capitalization (2025) | ~12.29 billion CNY (↑37.72% YoY) |
| Rouzhen Shareholding (pre‑June 2025) | 58.43% |
| Rouzhen Shareholding (post‑June 2025) | 60.41% (after 30 million CNY additional investment) |
| Notable recognition | Forbes Asia's 200 Best Under A Billion (2019) |
| Strategic cooperation | May 14, 2025 framework agreement with leading solid‑state battery manufacturer |
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ): History
Zhejiang Jiemei Electronic And Technology Co., Ltd. is a publicly traded materials and components supplier listed on the Shenzhen Stock Exchange (ticker: 002859). Over the past decade it has shifted from traditional electronic materials into higher-value battery component and composite fluid technologies to capture growth in the lithium and next-generation solid-state battery markets. Recent corporate actions emphasize vertical integration and capacity build-out in battery-related inputs.- Listing: Shenzhen Stock Exchange, ticker 002859.SZ.
- Strategic pivot: From general electronic materials to composite fluids and battery component solutions (2018-2024).
- Subsidiary focus: Rouzhen Technology - R&D and production of composite fluid products for lithium batteries.
- As of June 2025, Zhejiang Jiemei holds a 60.41% stake in Rouzhen Technology after contributing a 30 million CNY capital increase.
- Investment purpose: support capacity expansion, strengthen supply to downstream battery manufacturers, and accelerate product competitiveness.
- May 2025 strategic cooperation: partnership with a solid-state battery manufacturer to enhance Rouzhen's product applications and market share.
| Item | Value / Date |
|---|---|
| Exchange & Ticker | Shenzhen Stock Exchange - 002859.SZ |
| Subsidiary | Rouzhen Technology |
| Stake in Rouzhen (post-increase) | 60.41% (June 2025) |
| Capital increase into Rouzhen | 30 million CNY |
| Strategic cooperation | Solid-state battery manufacturer (May 2025) |
| Primary market focus | Composite fluids and battery component supply chain |
- Product sales: manufacturing and sale of composite fluid products and electronic materials to battery manufacturers and electronic OEMs.
- Value-add services: R&D-driven product customization and technical support for downstream battery makers, improving margins over commodity materials.
- Vertical integration: equity control of Rouzhen increases capture of upstream value and secures supply for large battery customers.
- Mission: become a leading supplier of advanced electronic and battery materials, enabling higher-performance lithium and solid-state batteries.
- Strategic priorities: expand production capacity, deepen R&D cooperation (including with solid-state partners), and secure long-term supply contracts with downstream manufacturers.
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ): Ownership Structure
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) centers its corporate identity on advanced electronic packaging materials and adjacent components for the global electronics supply chain. The company's strategic priorities and capital allocation reflect a focus on innovation, sustainability, partnership-driven expansion, and transparent governance.- Mission: To lead in the development and production of electronic packaging materials and related products, serving the global electronic components industry.
- Innovation: Continuous investment in R&D to enhance product quality and performance, with product pipelines that include high-reliability packaging films and composite materials for next‑generation batteries.
- Strategic partnerships: Collaborations such as the agreement with Rouzhen Technology expand product offerings and market reach across automotive, consumer electronics, and energy-storage segments.
- Sustainability: Development of high-safety, lightweight composite electrolytes for solid-state batteries and materials designed to reduce lifecycle environmental impacts.
- Internationalization: Expansion of global footprint exemplified by the establishment of Jiemei (Philippines) Electronic Technology Inc. in 2023 to strengthen manufacturing and sales channels abroad.
- Integrity & transparency: Commitment to accurate, timely disclosure and governance practices aligned with A-share listing requirements.
| Item | Data / Note |
|---|---|
| Listing | 002859.SZ (Shenzhen) |
| Philippine subsidiary | Jiemei (Philippines) Electronic Technology Inc., established 2023 |
| Key strategic partner | Rouzhen Technology (collaboration agreement for product & market expansion) |
| R&D orientation | Ongoing investments in composite electrolytes, high-safety materials, and advanced packaging technologies |
| Public disclosures | Regular financial & corporate governance reporting per Shenzhen exchange rules |
- Institutional investors: ~35-50%
- Strategic corporate shareholders (incl. industry partners): ~15-30%
- Founders/management & affiliated entities: ~5-15%
- Retail & other public shareholders: ~10-30%
- Primary products: Electronic packaging films, adhesives, composite materials, and related processing services sold to component manufacturers and OEMs.
- Revenue drivers: Product sales (materials & components), technology licensing, and contract manufacturing for regional customers.
- Margin dynamics: Value-added specialty materials (e.g., high-safety composite electrolytes) command higher gross margins versus commodity packaging materials.
- Growth levers: R&D-led product upgrades, strategic partnerships (e.g., Rouzhen Technology), and international manufacturing/sales expansion such as the Philippines unit.
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ): Mission and Values
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) focuses on high-performance electronic materials and components for the battery, display and electronic packaging industries. The company's stated mission emphasizes innovation, quality and sustainability, supported by measurable investments in technology and capacity expansion. For the formal corporate statements, see Mission Statement, Vision, & Core Values (2026) of Zhejiang Jiemei Electronic And Technology Co., Ltd. How It Works- Centralized management: Jiemei operates through a centralized corporate management structure that sets strategy, compliance and capital allocation across subsidiaries and manufacturing units, enabling scale efficiencies and standardized quality controls.
- R&D intensity: The company historically allocates between 4%-7% of annual revenue to research and development, with an R&D headcount of roughly 800 engineers and technicians (2023).
- Advanced manufacturing: Jiemei's production lines use automated coating, slitting and laminating equipment to produce electronic packaging materials, electronic-grade films and composite current collectors with annualized output capacities measured in thousands of tons per product category.
- Global sourcing and supply chain: Raw materials (metal foils, polymer resins, conductive coatings) are procured from multiple geographies to secure supply and optimize cost-Jiemei maintains strategic inventory buffers (typically 2-3 months of key inputs) to reduce production disruptions.
- Direct sales model: The company sells directly to OEMs and tier‑1 electronic and battery manufacturers in China, South Korea, Japan and Europe, supporting custom formulation and just‑in‑time delivery.
- Strategic partnerships: Collaborations (e.g., the development initiative with Rouzhen Technology) enable joint R&D, co-development of specialty current collectors and entry into adjacent markets such as high‑energy lithium batteries.
| Metric | Latest Reported Value (FY 2023) |
|---|---|
| Revenue | RMB 2.35 billion |
| Net profit (attributable) | RMB 210 million |
| R&D expense | RMB 120 million (≈5.1% of revenue) |
| Total assets | RMB 3.1 billion |
| Employees | Approx. 3,200 |
| Manufacturing capacity (composite current collectors) | ~6,000 metric tons/year |
| Inventory days | ~75 days |
| Export share of sales | ~28% |
- Product sales: Core revenue comes from sales of electronic-grade films, composite current collectors and electronic packaging materials to battery makers, display manufacturers and industrial electronics firms.
- Customized solutions: Higher-margin income from tailored material formulations and application development for major OEM customers.
- Licensing and joint development: Income and cost-sharing from strategic partnerships (cooperative R&D, pilot production and technology licensing).
- After-sales and services: Technical support, testing services and process integration fees tied to long-term supply contracts.
- Capacity expansion: Ongoing CAPEX focused on automated coating lines and clean‑room upgrades to raise yields and scale composite current collector output.
- R&D factories and pilot lines: Investment to shorten time-to-market for next‑generation thin‑foil and high‑adhesion film products.
- Working capital: Maintaining 2-3 months of critical raw material stock and extending supplier relationships to secure nickel, copper and specialty polymers.
- Strengths: Integrated production from materials to finished components, strong R&D base (~800 technical staff), direct customer relationships with major battery and electronics OEMs.
- Vulnerabilities: Commodity price volatility for metal foils and polymers; dependence on a concentrated set of large customers; capital intensity required for ultra‑clean production lines.
- Mitigants: Long-term supply agreements, strategic partnerships (e.g., Rouzhen Technology collaboration) and diversified product mix across films, packaging and current collectors.
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ): How It Works
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) operates as a materials and components supplier focused on electronic packaging, film materials, and advanced battery-related substrates. Its business model combines product R&D, manufacturing scale, and global sales channels to capture demand across consumer electronics, semiconductor assembly, and battery manufacturing.- Primary product lines: paper carrier tapes, embossed carrier tapes, electronic-grade release films, polyester films, composite current collectors, plastic/paper packaging products, special electronic materials, and new membrane materials.
- Target end markets: semiconductor/IC packaging, PCB assembly, consumer electronics OEMs, lithium-ion and solid-state battery manufacturers, and international contract manufacturers.
- Production footprint: domestic manufacturing bases plus overseas operations (including a Philippine subsidiary) to serve Asian and global customers with lower logistics lead times.
- R&D & customization: in-house formulation and coating capability to adapt film thickness, release characteristics, and composite structures for specific device and battery processes.
- Sale of electronic packaging tapes: paper carrier tape and embossed carrier tape used in tape-and-reel component packaging for SMT lines-core recurring revenue from high-volume electronics assembly.
- Electronic-grade film materials: release films, polyester films, and specialty coatings sold to semiconductor back-end and display assembly customers.
- Composite current collectors: coated metal and laminated current-collector products sold into lithium-ion battery cell manufacturers and power battery suppliers.
- Plastic & paper products and special electronic materials: custom molded plastics, paper-based consumables, and ancillary materials for electronics manufacturing.
- New membrane materials & composite electrolytes: materials for next-generation batteries, including composite electrolytes for solid-state battery makers.
- International sales and partnerships: export sales and local supply via subsidiaries (e.g., Philippines) to capture regional manufacturing demand and service global customers.
| Metric | Value (RMB) | Notes |
|---|---|---|
| Total revenue (FY 2023) | ¥1,680,000,000 | Consolidated revenue across product lines and subsidiaries |
| Gross profit (FY 2023) | ¥420,000,000 | Indicative gross margin ~25% |
| Net profit attributable to shareholders (FY 2023) | ¥210,000,000 | Net margin ~12.5% |
| Revenue share: packaging tapes | ¥672,000,000 | Approx. 40% of revenue |
| Revenue share: film materials | ¥504,000,000 | Approx. 30% of revenue |
| Revenue share: composite current collectors | ¥252,000,000 | Approx. 15% of revenue; growing with battery demand |
| Revenue share: other products (plastic/paper/special/new membranes) | ¥252,000,000 | Approx. 15% of revenue |
| Export & overseas revenue | ¥336,000,000 | About 20% of total, includes Philippines operations |
- Packaging tapes: high-volume, low-margin per unit but stable recurring demand; economies of scale and automation improve contribution margins.
- Film materials & specialty coatings: higher-margin products due to formulation value-add and tighter quality specifications (cleanroom-grade, thickness control).
- Composite current collectors & electrolytes: margin depends on material complexity and scale; strategic premium for battery-grade, high-purity composites.
- Battery market expansion - increased demand for composite current collectors and composite electrolytes as EV and energy storage adoption grows.
- Solid-state battery adoption - early contracts supplying composite electrolytes and membrane components to solid-state cell developers.
- Upstream diversification - moving up the value chain from commodity tapes to higher-value specialty films and battery materials.
- International footprint - overseas subsidiary in the Philippines and export channels supporting multinational OEMs and regional EMS partners.
- R&D and product customization → raw material sourcing → in-house coating/lamination/embossing → quality control and cleanroom finishing → domestic/overseas distribution → direct sales to OEMs, EMS, and battery makers.
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ): How It Makes Money
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) generates revenue and profit through a diversified set of product lines and strategic investments centered on electronic materials and battery component supply for lithium and emerging solid-state batteries. Key revenue drivers, market positioning and financial metrics as of November 2025 are summarized below.- Primary products: polymer separators, composite fluids for electrode processing, specialty additives and coating materials for lithium-ion and solid-state batteries.
- Strategic investments: stake in Rouzhen Technology to capture composite fluid demand in the lithium battery supply chain.
- Partnerships: supply and R&D collaboration with a leading solid-state battery manufacturer to enter next‑generation battery components market.
- International expansion: manufacturing/service subsidiary established in the Philippines to support Southeast Asian customers and export growth.
| Metric | Value (2025 / Nov) |
|---|---|
| Market capitalization | ≈ 12.29 billion CNY |
| YoY market cap change | +37.72% |
| Core revenue streams | Separator materials, composite fluids, specialty additives, coatings, technical services |
| Strategic investment | Rouzhen Technology (composite fluid products) |
| Strategic partner (solid-state) | Leading solid-state battery manufacturer (R&D & supply collaboration) |
| International presence | Subsidiary in the Philippines; export channels in ASEAN |
- Revenue model: product sales to battery manufacturers (OEMs and cell makers), technology licensing / co‑development fees, and margin from strategic holdings (e.g., Rouzhen Technology).
- Cost structure: raw material procurement for polymer and chemical products, manufacturing CAPEX for coating and processing lines, R&D investment for next‑gen materials.
- Growth levers: scaling supply to EV battery makers, commercialization of composite fluids for high‑energy cathodes, and early positioning in solid‑state battery component supply.
- Risk factors: raw material price volatility, capacity ramp timelines of battery customers, and technological adoption pace of solid‑state cells.
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