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Shenzhen Changfang Light Emitting (300301) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Shenzhen Changfang Light Emitting stock ¥1.95, price ¥3.39, that is 42.5% below the price, quality 24 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Industrials CN · ISIN CNE100001CV5

SC Shenzhen Changfang Light Emitting logo Thin data Nov 10, 2026

Shenzhen Changfang Light Emitting

300301 · SHE
Very expensive, weak quality

Our calculation puts a fair price 42% below what the stock costs today.

Low debt
Last quarter vs. a year ago: revenue +20%, profit +150%.
Fair value ¥1.95 · Strongly overvalued
Quality 24/100
Weak Growth (revenue 5y −21.2 %/yr in CNY)
Loss-making · -34.5% net margin (TTM)
Negative free cash flow
Trails peers (2/11)
Narrow moat 5/100
Thin data
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

¥4.60 ¥1.01 Fair Value ¥1.95 Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range ¥1.01 – ¥4.60 · fair‑value band ¥1.46 – ¥2.44 · the ¥3.39 price screens above the ¥1.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Shenzhen Changfang Group Co., Ltd. engages in the research and development, design, production, and sale of LED lighting source device packaging and LED lighting application products in China and internationally.

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The company offers LED headlights, flashlights, handheld searchlight, emergency lights, lamps, bulbs; ceiling lights; and eye protection tables. It also provides its lighting products for whole house customization, living room, bedroom, kitchen and bathroom, and meal hanging areas.

The company was formerly known as Shenzhen Changfang Light Emitting Diode Lighting Co., LTD and changed its name to Shenzhen Changfang Group Co., Ltd. in March 2016. The company was founded in 2005 and is based in Shenzhen, China.

Stock analysis

Shenzhen Changfang Light Emitting (300301) currently trades at ¥3.39, while our estimate is ¥1.95, 42% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: ¥1.46 (bear) to ¥2.44 (bull), the price of ¥3.39 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 24/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Shenzhen Changfang Light Emitting reported revenue of 397M CNY in FY2025 versus 1.6B CNY in FY2021, a compound −29.3%/yr. Reported net income was −150M CNY in FY2025.

Key figures

Market cap 2.8B CNY (≈ $422M) Small · P/S ratio 6.55 · EPS (TTM) ¥−0.1600 · Dividend yield 1.0% · Net margin −34.5% · Return on equity −114% · Return on assets (EBIT) −13.2% (5-year average) · Operating margin −18.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 5 out of 100 (medium confidence).

What moves the price

The share trades about 20% below its 52-week high and 49% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at −42%, 300301 screens richer than that median.

Fair Value

Bear ¥1.46 Fair Value ¥1.95 Bull ¥2.44
Price ¥3.39 · Downside -42.5%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 24/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 10
How much profit the company makes from its sales and capital
Quality Growth 6
Are margins and returns getting better?
Cashflow 2
Do the profits arrive as real cash?
Financial strength 17
Debt, balance sheet and risk of trouble
Investment 99
Does it invest with discipline instead of growing at any price?
Low Volatility 59
How calm the share price moves, does not count
Price momentum 62
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 77
Distance to the 52-week high, does not count
New shares 48
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−21.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−18.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−21.2%
Start year 2020 (pandemic). Over 10 years: −12.0% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.0%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−0.7% (2020) → −14.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

300301 screens overvalued: fair value 42% below the price. Compare with Contemporary Amperex Technology Co →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electrical Equipment & Parts · 590 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 24 · Bottom 25%
Fair Value upside −42.5% · Below median
Profitability
Return on assets −18.1% · Bottom 25%
Net margin (12 months) −34.5% · Bottom 25%
Operating margin (12 months) −18.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 19.8% · Above median
Dividend yield (12 months) 1.0% · Below median
Balance sheet
Debt / equity 0.06× · Below median

Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper

P/B 30.77× · Priciest 25%
P/S (12 months) 6.97× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)99 · sector 66
PAST (return on equity)0 · sector 25
HEALTH (low debt)97 · sector 97
DIVIDEND (yield)19 · sector 23

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Contemporary Amperex Technology Co 300750 ¥249.95 ¥648.35 +159% vs 300301
Sungrow Power Supply Co 300274 ¥79.60 ¥182.32 +129% vs 300301
NARI Technology Co 600406 ¥23.40 ¥29.39 +26% vs 300301
Vertiv Holdings VRT $194.22 $178.64 −8% vs 300301
Samsung SDI Co 006400 456,000 KRW 395,019 KRW −13% vs 300301
Legrand SA LR €135.60 €82.49 −39% vs 300301
Prysmian S.p.A PRY €107.20 €64.29 −40% vs 300301
ABB Ltd ABBN CHF 68.98 CHF 29.62 −57% vs 300301
Delta Electronics (Thailand) Public Company DELTA 193.00 THB 39.14 THB −80% vs 300301
LG Energy Solution, Ltd 373220 330,500 KRW 53,325 KRW −84% vs 300301

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Shenzhen Changfang Light Emitting: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Shenzhen Changfang Light Emitting Fair Value". https://www.fairvalue-calculator.com/stock/300301

Frequently asked questions

Is Shenzhen Changfang Light Emitting (300301) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is ¥1.95 versus a price of ¥3.39, about 42% lower (overvalued).
What is the fair value of 300301?
Our estimate for Shenzhen Changfang Light Emitting is ¥1.95 (as of Nov 10, 2026), built from audited fundamentals. The current price: ¥3.39.
What is the quality score of 300301?
Shenzhen Changfang Light Emitting has a Quality Score of 24/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Shenzhen Changfang Light Emitting (300301)?
Our calculated price target is the estimate of ¥1.95 (as of Nov 10, 2026). Cautious scenario ¥1.46, optimistic scenario ¥2.44. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Shenzhen Changfang Light Emitting stock forecast for 2026?
Our estimate puts fair value at ¥1.95, about 42% lower versus a price of ¥3.39 (overvalued). Cautious scenario ¥1.46, optimistic scenario ¥2.44. The calculation is refreshed regularly with new filings.
What is the revenue of Shenzhen Changfang Light Emitting (300301)?
Shenzhen Changfang Light Emitting reported trailing-twelve-month revenue of about 404M CNY (latest available figure, as of Nov 10, 2026).
Does Shenzhen Changfang Light Emitting pay a dividend?
Shenzhen Changfang Light Emitting currently shows a dividend yield of 0.96% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Shenzhen Changfang Light Emitting (300301)?
Shenzhen Changfang Light Emitting has a dividend yield of 1.0%.
What is the intrinsic value of Shenzhen Changfang Light Emitting (300301)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shenzhen Changfang Light Emitting it is ¥1.95 per share (as of Nov 10, 2026), against a price of ¥3.39.
Is Shenzhen Changfang Light Emitting stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 300301 trades above its calculated fair value: price ¥3.39, fair value ¥1.95, a gap of about −42% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 300301?
No. The price is what the market pays today (¥3.39); the fair value is what the company's own numbers justify (¥1.95). For Shenzhen Changfang Light Emitting the two are ¥1.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shenzhen Changfang Light Emitting worth?
The market values Shenzhen Changfang Light Emitting at about 2.8B CNY (market capitalisation, as of Nov 10, 2026). Per share that is ¥3.39; our models calculate a fair value of ¥1.95 per share.
What do the bullish and bearish scenarios say about 300301?
Our models span a range for Shenzhen Changfang Light Emitting: cautious scenario ¥1.46, base ¥1.95, optimistic ¥2.44 per share (as of Nov 10, 2026, price ¥3.39). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shenzhen Changfang Light Emitting (300301)?
Balance-sheet figures for Shenzhen Changfang Light Emitting (as of Nov 10, 2026): return on equity −114.3%, debt of 0.06 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is 300301 from its 52-week high?
Shenzhen Changfang Light Emitting trades at ¥3.39, about 20% below its 52-week high of ¥4.25 and 49% above the low of ¥2.27 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.95 is for.
Which stocks are comparable to Shenzhen Changfang Light Emitting?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shenzhen Changfang Light Emitting stock attractive at the current price?
The data as of Nov 10, 2026: price ¥3.39, calculated fair value ¥1.95 (−42%), Quality Score 24/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Shenzhen Changfang Light Emitting itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shenzhen Changfang Light Emitting (300301)?
The closing price on Nov 10, 2026 was ¥3.39. Our estimate is ¥1.95, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shenzhen Changfang Light Emitting right now?
The price sits above even our optimistic bull case (¥2.44). The favourable scenario is already priced in. Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Shenzhen Changfang Light Emitting

How large is the market capitalisation of Shenzhen Changfang Light Emitting (300301)?
The market capitalisation of Shenzhen Changfang Light Emitting is 2.8B CNY (≈ $422M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shenzhen Changfang Light Emitting (300301)?
The price-to-sales ratio of Shenzhen Changfang Light Emitting is 6.55 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shenzhen Changfang Light Emitting (300301)?
Earnings per share at Shenzhen Changfang Light Emitting are ¥−0.1600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shenzhen Changfang Light Emitting (300301)?
The dividend yield of Shenzhen Changfang Light Emitting is 1.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shenzhen Changfang Light Emitting (300301)?
The net margin of Shenzhen Changfang Light Emitting is −34.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shenzhen Changfang Light Emitting (300301)?
The return on equity (ROE) of Shenzhen Changfang Light Emitting is −114% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shenzhen Changfang Light Emitting (300301)?
On an EBIT basis the return on assets of Shenzhen Changfang Light Emitting is −13.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shenzhen Changfang Light Emitting (300301)?
The operating margin of Shenzhen Changfang Light Emitting is −18.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shenzhen Changfang Light Emitting (300301)?
Revenue at Shenzhen Changfang Light Emitting is growing +19.8% versus a year earlier (3y avg −18.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shenzhen Changfang Light Emitting (300301)?
Earnings per share at Shenzhen Changfang Light Emitting are growing +150% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shenzhen Changfang Light Emitting (300301) generate?
The free cash flow of Shenzhen Changfang Light Emitting is −21.1M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shenzhen Changfang Light Emitting (300301) carry?
The net debt of Shenzhen Changfang Light Emitting is 45.2M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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