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Data-driven stock valuation

Zhejiang He Chuan Technology Corp. Ltd. A (688320) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Zhejiang He Chuan Technology Corp. Ltd. A stock ¥25.71, price ¥33.96, that is 24.3% below the price, quality 51 out of 100. Rating: 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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Technology CN · ISIN CNE100005R05

ZH Zhejiang He Chuan Technology Corp. Ltd. A logo Thin data Nov 10, 2026

Zhejiang He Chuan Technology Corp. Ltd. A

688320 · SHG
Expensive, in a downtrend

Our calculation puts a fair price 24% below what the stock costs today.

Low debt
Revenue last quarter +53% vs. a year ago.
Quality 51/100
Expensive Growth (revenue 5y +13.3 %/yr in CNY)
Fair value ¥25.71 · Overvalued
Loss-making · -5.7% net margin (TTM)
Negative free cash flow
Trails peers (3/11)
Narrow moat 15/100
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

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥74.23 ¥18.24 Fair Value ¥25.71 Apr 2022 Nov 2026

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

How to read this chart

54‑month range ¥18.24 – ¥74.23 · fair‑value band ¥19.28 – ¥32.14 · the ¥33.96 price screens above the ¥25.71 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

Zhejiang Hechuan Technology Co., Ltd. engages in the research and development, production, sale, and application integration of industrial automation products in China and internationally.

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The company offers control technology, such as PLC, PAC, HMI, and IO SYS; motion control, including servo drive and motors; VFDS industrial transmissions; joint actuator and motor humanoid robot; photovoltaic and energy storage inverters.

It also develops inverters, sensors, touch screens, industrial motors, direct drive motors, guide rails and screws, and other products. The company serves photovoltaics, lithium batteries, robots, lasers, 3C, CNC-like, textiles, logistics, and packaging industries.

Zhejiang Hechuan Technology Co., Ltd. was founded in 2011 and is headquartered in Quzhou, China.

Stock analysis

Zhejiang He Chuan Technology Corp. Ltd. A (688320) currently trades at ¥33.96, while our estimate is ¥25.71, 24% 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: ¥19.28 (bear) to ¥32.14 (bull), the price of ¥33.96 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 51/100 (solid quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Zhejiang He Chuan Technology Corp. Ltd. A reported revenue of 1.0B CNY in FY2025 versus 751M CNY in FY2021, a compound +7.9%/yr. Reported net income was −130M CNY in FY2025.

Key figures

Market cap 5.1B CNY (≈ $769M) Small · P/S ratio 3.64 · EPS (TTM) ¥−0.4300 · Dividend yield 0.1% · Net margin −5.7% · Return on equity −6.7% · Return on assets (EBIT) 2.3% (5-year average) · Operating margin 1.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (medium confidence).

What moves the price

The share trades about 21% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at −24%, 688320 screens richer than that median.

Fair Value

Bear ¥19.28 Fair Value ¥25.71 Bull ¥32.14
Price ¥33.96 · Downside -24.3%
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 51/100

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

Profitability 11
How much profit the company makes from its sales and capital
Quality Growth 76
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 73
Debt, balance sheet and risk of trouble
Investment 97
Does it invest with discipline instead of growing at any price?
Low Volatility 54
How calm the share price moves, does not count
Price momentum 31
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 31
Distance to the 52-week high, does not count
New shares 82
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. 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.5%
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.
+2.5%
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.
+13.3%
Start year 2020 (pandemic)
Revenue growth 6 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.
+21.7%
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.
23.0% (2020) → −7.3% (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

688320 screens overvalued: fair value 24% below the price. Compare with Dell Technologies Inc →

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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.Computer Hardware · 231 stocks

Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 51 · Above median
Fair Value upside −24.3% · Below median
Profitability
Return on assets −6.6% · Bottom 25%
Net margin (12 months) −5.7% · Bottom 25%
Operating margin (12 months) 1.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) 52.8% · Top 25%
Dividend yield (12 months) 0.1% · Bottom 25%
Balance sheet
Debt / equity 0.04× · Below median

Valuation Multiplesvs Computer Hardware median · lower = cheaper

P/B 4.23× · Pricier than median
P/S (12 months) 4.25× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)1 · sector 12
FUTURE (revenue growth)100 · sector 87
PAST (return on equity)0 · sector 28
HEALTH (low debt)98 · sector 97
DIVIDEND (yield)2 · sector 47

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 Computer Hardware stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
HP Inc HPQ $28.42 $52.85 +86% vs 688320
Lenovo Group 0992 HK$18.65 HK$33.69 +81% vs 688320
Hangzhou Hikvision Digital Technology Co 002415 ¥34.83 ¥46.76 +34% vs 688320
Sandisk Corporation SNDK $859.99 $789.73 −8% vs 688320
Arista Networks, Inc ANET $185.02 $160.68 −13% vs 688320
Quanta Computer Inc 2382 298.50 TWD 213.20 TWD −29% vs 688320
Western Digital Corporation WDC $289.20 $175.91 −39% vs 688320
Dell Technologies Inc DELL $334.38 $195.72 −41% vs 688320
Everpure, Inc P $101.98 $57.04 −44% vs 688320
Seagate Technology Holdings STX $501.62 $208.25 −58% vs 688320

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Zhejiang He Chuan Technology Corp. Ltd. A: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Zhejiang He Chuan Technology Corp. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688320

Frequently asked questions

Is Zhejiang He Chuan Technology Corp. Ltd. A (688320) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is ¥25.71 versus a price of ¥33.96, about 24% lower (overvalued).
What is the fair value of 688320?
Our estimate for Zhejiang He Chuan Technology Corp. Ltd. A is ¥25.71 (as of Nov 10, 2026), built from audited fundamentals. The current price: ¥33.96.
What is the quality score of 688320?
Zhejiang He Chuan Technology Corp. Ltd. A has a Quality Score of 51/100. 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 Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
Our calculated price target is the estimate of ¥25.71 (as of Nov 10, 2026). Cautious scenario ¥19.28, optimistic scenario ¥32.14. 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 Zhejiang He Chuan Technology Corp. Ltd. A stock forecast for 2026?
Our estimate puts fair value at ¥25.71, about 24% lower versus a price of ¥33.96 (overvalued). Cautious scenario ¥19.28, optimistic scenario ¥32.14. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
Zhejiang He Chuan Technology Corp. Ltd. A reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Nov 10, 2026).
Does Zhejiang He Chuan Technology Corp. Ltd. A pay a dividend?
Zhejiang He Chuan Technology Corp. Ltd. A currently shows a dividend yield of 0.09% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
Zhejiang He Chuan Technology Corp. Ltd. A has a dividend yield of 0.1%.
What is the intrinsic value of Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang He Chuan Technology Corp. Ltd. A it is ¥25.71 per share (as of Nov 10, 2026), against a price of ¥33.96.
Is Zhejiang He Chuan Technology Corp. Ltd. A stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 688320 trades above its calculated fair value: price ¥33.96, fair value ¥25.71, a gap of about −24% (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 688320?
No. The price is what the market pays today (¥33.96); the fair value is what the company's own numbers justify (¥25.71). For Zhejiang He Chuan Technology Corp. Ltd. A the two are ¥8.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang He Chuan Technology Corp. Ltd. A worth?
The market values Zhejiang He Chuan Technology Corp. Ltd. A at about 5.1B CNY (market capitalisation, as of Nov 10, 2026). Per share that is ¥33.96; our models calculate a fair value of ¥25.71 per share.
What do the bullish and bearish scenarios say about 688320?
Our models span a range for Zhejiang He Chuan Technology Corp. Ltd. A: cautious scenario ¥19.28, base ¥25.71, optimistic ¥32.14 per share (as of Nov 10, 2026, price ¥33.96). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
Balance-sheet figures for Zhejiang He Chuan Technology Corp. Ltd. A (as of Nov 10, 2026): return on equity −6.7%, debt of 0.04 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 688320 from its 52-week high?
Zhejiang He Chuan Technology Corp. Ltd. A trades at ¥33.96, about 21% below its 52-week high of ¥42.95 and 31% above the low of ¥25.98 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of ¥25.71 is for.
Which stocks are comparable to Zhejiang He Chuan Technology Corp. Ltd. A?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, 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 Zhejiang He Chuan Technology Corp. Ltd. A stock attractive at the current price?
The data as of Nov 10, 2026: price ¥33.96, calculated fair value ¥25.71 (−24%), Quality Score 51/100. 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. Zhejiang He Chuan Technology Corp. Ltd. A 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 Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
The closing price on Nov 10, 2026 was ¥33.96. Our estimate is ¥25.71, about 24% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang He Chuan Technology Corp. Ltd. A right now?
The price sits above even our optimistic bull case (¥32.14). The favourable scenario is already priced in. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Zhejiang He Chuan Technology Corp. Ltd. A

How large is the market capitalisation of Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
The market capitalisation of Zhejiang He Chuan Technology Corp. Ltd. A is 5.1B CNY (≈ $769M). 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 Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
The price-to-sales ratio of Zhejiang He Chuan Technology Corp. Ltd. A is 3.64 (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 Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
Earnings per share at Zhejiang He Chuan Technology Corp. Ltd. A are ¥−0.4300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
The dividend yield of Zhejiang He Chuan Technology Corp. Ltd. A is 0.1%. 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 Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
The net margin of Zhejiang He Chuan Technology Corp. Ltd. A is −5.7% (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 Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
The return on equity (ROE) of Zhejiang He Chuan Technology Corp. Ltd. A is −6.7% (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 Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
On an EBIT basis the return on assets of Zhejiang He Chuan Technology Corp. Ltd. A is 2.3% (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 Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
The operating margin of Zhejiang He Chuan Technology Corp. Ltd. A is 1.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
Revenue at Zhejiang He Chuan Technology Corp. Ltd. A is growing +52.8% versus a year earlier (3y avg +2.5%). 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 Zhejiang He Chuan Technology Corp. Ltd. A (688320)?
Earnings per share at Zhejiang He Chuan Technology Corp. Ltd. A are growing −59.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zhejiang He Chuan Technology Corp. Ltd. A (688320) generate?
The free cash flow of Zhejiang He Chuan Technology Corp. Ltd. A is −30.1M 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 Zhejiang He Chuan Technology Corp. Ltd. A (688320) carry?
The net debt of Zhejiang He Chuan Technology Corp. Ltd. A is 168M 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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