Changzhou Fusion New Material Co. Ltd. A (688503) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Changzhou Fusion New Material Co. Ltd. A stock ¥48.55, price ¥48.36, upside +0.4%, quality 45 out of 100. Rating: fairly valued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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Changzhou Fusion New Material Co. Ltd. A
688503 · SHGThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
47‑month range ¥24.05 – ¥132.70 · fair‑value band ¥36.37 – ¥60.69 · the ¥48.36 price screens below the ¥48.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Changzhou Fusion New Material Co., Ltd. engages in the research and development, production, and sale of conductive silver paste, electronic component paste, conductive adhesive, and semiconductor materials for photovoltaic industry in China and internationally.
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The company manufactures special electronic and metal materials; optoelectronic devices; synthetic materials; electronic raw materials and products; and electronic slurries; and provides technical services, technology development, technology consulting, technology exchange, environmentally friendly and energy-saving materials, technology transfer, and technology promotion services.
It is also involved in the import and export of technology, goods, and agency; sale of integrated circuit chips and chemical products; sales of power distribution switch control equipment; energy storage technology services; battery sales; sales of solar thermal power generation products; solar power generation technology services; and manufacturing and sale of graphite and carbon, rubber, and sealing packing products, as well as optoelectronic devices.
In addition, the company offers technical support services for its products. Its products are used in various fields, including electronic components, 5G filters, electrochromic glass, flexible circuits, energy storage, optical communications, consumer electronics, and other fields.
Changzhou Fusion New Material Co., Ltd. was founded in 2015 and is headquartered in Changzhou, China.
Stock analysis
Changzhou Fusion New Material Co. Ltd. A (688503) currently trades at ¥48.36, while our model-based Fair Value estimate is ¥48.55, so the stock looks roughly fairly valued today (gap 0.4%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥69.68 per share, and 7 of the 16 models we run sit above the ¥48.36 price.
Bear case: the Asset-Based group reads lowest at ¥13.74, and 9 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥36.37 (bear) to ¥60.69 (bull), the price of ¥48.36 sits inside 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 45/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Changzhou Fusion New Material Co. Ltd. A reported revenue of 14.6B CNY in FY2025 versus 5.1B CNY in FY2021, a compound +30.2%/yr. Reported net income was 420M CNY in FY2025, compounding +14.2%/yr from FY2021.
Key figures
Market cap 11.7B CNY (≈ $1.8B) Small · P/E ratio 72.2 · P/S ratio 0.62 · EPS (TTM) ¥0.6700 · Dividend yield 0.9% · Net margin 0.8% · Return on equity 3.1% · Return on assets (EBIT) 8.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 64% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 0%, 688503 screens richer than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
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Compare Changzhou Fusion New Material Co. Ltd. A with another stock
Price, fair value, quality and upside side by side.
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.Solar · 97 stocks
Valuation Multiplesvs Solar median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Revenue growth by industry
- PEG ratio by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| First Solar, Inc FSLR | $201.14 | $392.02 | +95% | vs 688503 |
| Hengdian Group 002056 | ¥17.29 | ¥31.86 | +84% | vs 688503 |
| Waaree Energies Limited WAAREEENER | ₹2,438 | ₹3,613 | +48% | vs 688503 |
| Jinko Solar Co 688223 | ¥4.38 | ¥6.49 | +48% | vs 688503 |
| Nextpower Inc NXT | $104.91 | $115.40 | +10% | vs 688503 |
| Premier Energies Limited PREMIERENE | ₹890.00 | ₹908.90 | +2% | vs 688503 |
| Tongwei Co 600438 | ¥12.25 | ¥12.13 | −1% | vs 688503 |
| Hanwha Solutions Corporation 009830 | 26,050 KRW | 21,850 KRW | −16% | vs 688503 |
| CSI Solar Co 688472 | ¥9.03 | ¥5.85 | −35% | vs 688503 |
| Shanghai Aiko Solar Energy Co 600732 | ¥13.40 | ¥7.22 | −46% | vs 688503 |
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Frequently asked questions
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Key figures of Changzhou Fusion New Material Co. Ltd. A
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