China Jushi (600176.SS): E-fabric prices break above Rmb10/m, beating expectation; Time to buy the dip

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China Jushi (600176.SS): E-fabric prices break above Rmb10/m, beating expectation; Time to buy the dip

Flash |

03 Aug 2026 06:14:22 ET │ 11 pages

China Jushi (600176.SS)

E-fabric prices break above Rmb10/m, beating expectation; Time to buy

the dip

CITI'S TAKE Buy

Catalyst Watch: Upside, expires 05-AUG-26

According to SCI, E-fabric prices continued to rise today, with 7628 prices

Price (03 Aug 26 15:00) Rmb34.060 reaching Rmb9.9-10.2/m, implying another Rmb1.5/m increase from July

Target price Rmb67.000 levels, hitting a new historical high and exceeding market expectations.

Prices of other specifications also moved higher, with 2116 and 1080 fabric Expected share price return 96.7%

prices increasing by Rmb1.7-2.0/m and Rmb2.0/m, respectively. The Expected dividend yield 2.3%

latest round of price hikes further confirms tight supply-demand Expected total return 99.0%

conditions, although the market has shifted its focus toward future ASP Market Cap Rmb136,347M

normalization and AI sentiment. We believe the recent sell-off has overly US$20,196M

discounted risks, with China Jushi trading at 19x/13x 2026E/27E P/E vs.

historical average ~17x despite strong earnings growth of 114%/46%/17%

in 26-28E. We view the correction as an attractive entry opportunity.

Reiterate Buy on Jushi. Anna WangAC

+852-2501-2739

anna.d.wang@citi.comWhat's new - According to SCI, E-fabric prices continued to rise today, with 7628

prices reaching Rmb9.9-10.2/m, surpassing the previous historical high of Jack Shang, CFA

Rmb8.8/m and setting a new record. This represents another Rmb1.5/m increase +852-2501-2441

from July levels and exceeding market expectations. Prices of other specifications jack.shang@citi.com

also moved higher, with 2116 and 1080 fabric prices increasing by Rmb1.7-2.0/m Jimmy Feng