Jiangxi Wannianqing Cement Co (000789) Fair Value & Analysis

Basic Materials · CN · Market cap 3.4B CNY

A solid business, but screening 69% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥1.54). The favourable scenario is already priced in.
• Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥3.74 – ¥13.89 · fair‑value band ¥0.9200 – ¥1.54 · the ¥4.06 price screens above the ¥1.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Jiangxi Wannianqing Cement Co (000789) currently trades at ¥4.06, while our model-based Fair Value estimate is ¥1.24, implying the stock looks roughly 69.5% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Jiangxi Wannianqing Cement Co generated revenue of 4.3B CNY at a net margin of -0.6%. Revenue declined 24.0% year over year. It earns a return on equity of -1.1%. Net debt stands at 107M CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥0.9200 (bear case) to ¥1.54 (bull case); at ¥4.06, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -69%, 000789 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth DCF (¥11.22) versus Earnings-Based (¥0.3000). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Jiangxi Wannianqing Cement Co., Ltd., together with its subsidiaries, produces and sells cement in China. The company operates through Clinker Cement, Commercial Cement, and Other segments. It offers ordinary Portland cement and composite Portland cement; ready-mixed clinker; ready-mixed concrete; aggregates; silicate cement, clinker, and new wall materials.

Full company description

Jiangxi Wannianqing Cement Co., Ltd., together with its subsidiaries, produces and sells cement in China. The company operates through Clinker Cement, Commercial Cement, and Other segments. It offers ordinary Portland cement and composite Portland cement; ready-mixed clinker; ready-mixed concrete; aggregates; silicate cement, clinker, and new wall materials. The company's products are used in the construction of airports, high-rise buildings, bridges, tunnels, and highways; real estate; and civil construction. It is also involved in equipment installation and maintenance; non-metallic mineral mining, processing, and sale; electricity, heat production, and supply; solid and hazardous waste management; cargo transportation; import and export of goods; and domestic trade agency activities. In addition, the company provides quartz crystal devices, cement fiberboards, building materials, cready-mixed mortar, plastic products, building stone, and limestone mineral products; concrete machinery and equipment rental; road freight transport; technical; supply chain management; and energy storage and power generation technology services. Jiangxi Wannianqing Cement Co., Ltd. was founded in 1958 and is headquartered in Nanchang, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangxi Wannianqing Cement Co reported revenue of ¥4.5B in FY2025 versus ¥14.2B in FY2021, a compound −24.8%/yr. Reported net income was ¥29.0M in FY2025, compounding −63.3%/yr from FY2021.

000789 screens 69% overvalued. Compare with CRH plc →

Peer Group

Building Materials · 254 stocks

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.

Valuation Multiples vs Building Materials median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

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

Values & ESG

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.