Changchun High & New Technology Industries Group Inc (000661) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Changchun High & New Technology Industries Group Inc ¥9.26, price ¥71.83, upside -87.1%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥62.80 – ¥481.75 · fair‑value band ¥6.48 – ¥12.04 · the ¥71.83 price screens above the ¥9.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Changchun High-Tech Industry (Group) Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells biopharmaceuticals and traditional Chinese medicines products in China.
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Changchun High-Tech Industry (Group) Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells biopharmaceuticals and traditional Chinese medicines products in China. The company offers recombinant human growth hormone injection; recombinant human follicle stimulating hormone for injection; herpes zoster vaccines; live attenuated varicella vaccine; freeze-dried nasal spray live attenuated influenza; xueshuanxinmaining tablet; and yinhuamiyanling tablet. It also develops real estate properties. The company was founded in 1993 and is based in Changchun, China.
Stock analysis
Changchun High & New Technology Industries Group Inc (000661) currently trades at ¥71.83, while our model-based Fair Value estimate is ¥9.26, 87.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥36.15 per share, and 0 of the 14 models we run sit above the ¥71.83 price.
Bear case: the Earnings-Based group reads lowest at ¥6.19, and 14 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥6.48 (bear) to ¥12.04 (bull), the price of ¥71.83 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 45/100 (below-average quality), in the Healthcare sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Changchun High & New Technology Industries Group Inc reported revenue of 12.1B CNY in FY2025 versus 10.7B CNY in FY2021, a compound +3.0%/yr. Reported net income was 155M CNY in FY2025, compounding −54.9%/yr from FY2021.
Key figures
Market cap 29.3B CNY (≈ $4.4B) · P/S ratio 2.29 · EPS (TTM) ¥−0.0900 · Dividend yield 0.2% · Net margin 1.3% · Return on equity −0.9% · Return on assets (EBIT) 14.3% · Operating margin 14.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −19% fair-value upside, at −87%, 000661 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥6.19 to ¥58.25). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥6.48Fair Value ¥9.26Bull ¥12.04
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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.30/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−10.3%
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.
−1.5%
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.
+7.1%
Start year 2020 (pandemic). Over 10 years: +17.5% a year
Revenue growth 30 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.
+16.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−44.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−44.9%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−44.9% vs −12.4%, slowing
Profit margin 2020 to 2025 ⓘ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.46% → 7%
Compare Changchun High & New Technology Industries Group Inc with another stock
Price, fair value, quality and upside side by side.
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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.Drug Manufacturers - Specialty & Generic · 599 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−87.1% · Bottom 25%
Profitability
Return on assets0.9% · Below median
Net margin (TTM)−0.4% · Below median
Operating margin (TTM)14.5% · Above median
Growth and dividend
Revenue growth−13.7% · Bottom 25%
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Drug Manufacturers - Specialty & Generic median · lower = cheaper
P/B0.20× · Cheapest 25%
P/S (TTM)0.38× · Cheapest 25%
EV/EBITDA2.9× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 17
FUTURE (revenue growth)0· sector 24
PAST (return on equity)0· sector 27
HEALTH (low debt)97· sector 96
DIVIDEND (yield)4· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Changchun High & New Technology Industries Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/000661
Frequently asked questions
Is Changchun High & New Technology Industries Group Inc (000661) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥9.26 versus a price of ¥71.83, about −87% upside (overvalued).
What is the fair value of 000661?
Our model-based fair value for Changchun High & New Technology Industries Group Inc is ¥9.26 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥71.83.
What is the quality score of 000661?
Changchun High & New Technology Industries Group Inc has a Quality Score of 45/100. 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 Changchun High & New Technology Industries Group Inc (000661)?
Our model-based price target is the fair value of ¥9.26 (as of Sep 24, 2026) from 14 valuation models. Cautious scenario ¥6.48, optimistic scenario ¥12.04. It is a calculation from audited fundamentals, not an analyst target.
What is the Changchun High & New Technology Industries Group Inc stock forecast for 2026?
Our models put fair value at ¥9.26, about −87% upside versus a price of ¥71.83 (overvalued). Cautious scenario ¥6.48, optimistic scenario ¥12.04. The calculation is refreshed regularly with new filings.
What is the revenue of Changchun High & New Technology Industries Group Inc (000661)?
Changchun High & New Technology Industries Group Inc reported trailing-twelve-month revenue of about 11.7B CNY (latest available figure, as of Sep 24, 2026).
Does Changchun High & New Technology Industries Group Inc pay a dividend?
Changchun High & New Technology Industries Group Inc currently shows a dividend yield of about 0.22% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Changchun High & New Technology Industries Group Inc (000661)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Changchun High & New Technology Industries Group Inc it is ¥9.26 per share (as of Sep 24, 2026), against a price of ¥71.83. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Changchun High & New Technology Industries Group Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 000661 trades above its calculated fair value: price ¥71.83, fair value ¥9.26, a gap of about −87% (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 000661?
No. The price is what the market pays today (¥71.83); the fair value is what the company's own numbers justify (¥9.26). For Changchun High & New Technology Industries Group Inc the two are ¥62.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is Changchun High & New Technology Industries Group Inc worth?
The market values Changchun High & New Technology Industries Group Inc at about 29.3B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥71.83; our models calculate a fair value of ¥9.26 per share.
What do the bullish and bearish scenarios say about 000661?
Our models span a range for Changchun High & New Technology Industries Group Inc: cautious scenario ¥6.48, base ¥9.26, optimistic ¥12.04 per share (as of Sep 24, 2026, price ¥71.83). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Changchun High & New Technology Industries Group Inc (000661)?
Balance-sheet figures for Changchun High & New Technology Industries Group Inc (as of Sep 24, 2026): return on equity −0.9%, debt of 0.06 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 000661 from its 52-week high?
Changchun High & New Technology Industries Group Inc trades at ¥71.83, about 47% below its 52-week high of ¥136.02 and 14% above the low of ¥62.80 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥9.26 is for.
Which stocks are comparable to Changchun High & New Technology Industries Group Inc?
From the same area (Healthcare) we also value Merck KGaA, Takeda Pharmaceutical Company, Teva Pharmaceutical Industries Limited, Sun Pharmaceutical Industries Limited, 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 Changchun High & New Technology Industries Group Inc stock attractive at the current price?
The data as of Sep 24, 2026: price ¥71.83, calculated fair value ¥9.26 (−87%), Quality Score 45/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 000661 calculated?
We run Changchun High & New Technology Industries Group Inc through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥9.26, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Changchun High & New Technology Industries Group Inc 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 Changchun High & New Technology Industries Group Inc (000661)?
The closing price on Sep 30, 2026 was ¥71.83. Our model-based fair value is ¥9.26, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Changchun High & New Technology Industries Group Inc right now?
The price sits above even our optimistic bull case (¥12.04). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥6.48 to ¥12.04) leaves room in how you read the outcome.
Where does the earnings growth of Changchun High & New Technology Industries Group Inc (000661) come from?
Earnings per share at Changchun High & New Technology Industries Group Inc grew +26.2 % a year from 2013 to 2024. Broken into its drivers: revenue per share +17.6 %, EBIT margin +3.3 %, tax rate +1.2 %, residual (interest, one-offs) +2.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Changchun High & New Technology Industries Group Inc
How large is the market capitalisation of Changchun High & New Technology Industries Group Inc (000661)?
The market capitalisation of Changchun High & New Technology Industries Group Inc is 29.3B CNY (≈ $4.4B). 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 Changchun High & New Technology Industries Group Inc (000661)?
The price-to-sales ratio of Changchun High & New Technology Industries Group Inc is 2.29 (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 Changchun High & New Technology Industries Group Inc (000661)?
Earnings per share at Changchun High & New Technology Industries Group Inc are ¥−0.0900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Changchun High & New Technology Industries Group Inc (000661)?
The dividend yield of Changchun High & New Technology Industries Group Inc is 0.2%. 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 Changchun High & New Technology Industries Group Inc (000661)?
The net margin of Changchun High & New Technology Industries Group Inc is 1.3% (fiscal year 2025). 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 Changchun High & New Technology Industries Group Inc (000661)?
The return on equity (ROE) of Changchun High & New Technology Industries Group Inc is −0.9% (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 Changchun High & New Technology Industries Group Inc (000661)?
On an EBIT basis the return on assets of Changchun High & New Technology Industries Group Inc is 14.3% (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 Changchun High & New Technology Industries Group Inc (000661)?
The operating margin of Changchun High & New Technology Industries Group Inc is 14.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Changchun High & New Technology Industries Group Inc (000661)?
Revenue at Changchun High & New Technology Industries Group Inc is growing −13.7% versus a year earlier (3y avg −1.5%). 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 Changchun High & New Technology Industries Group Inc (000661)?
Earnings per share at Changchun High & New Technology Industries Group Inc are growing −41.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Changchun High & New Technology Industries Group Inc (000661) generate?
The free cash flow of Changchun High & New Technology Industries Group Inc is −1.4B 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 cash does Changchun High & New Technology Industries Group Inc (000661) hold?
Changchun High & New Technology Industries Group Inc holds more cash than debt, 4.6B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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