Qiming Information Technology Co (002232) Fair Value & Analysis
Technology · CN · Market cap 6.2B CNY
Fair value as of: Jul 22, 2026
From 24 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from ¥2.52 to ¥1.59 (−36.9%) since Jun 25, 2026. Share price +3.6% over the past month.
A solid business, but screening 89% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥1.99). The favourable scenario is already priced in.
- Solid but not exceptional quality (61/100) 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 22, 2026.
How to read this chart
60‑month range ¥9.25 – ¥30.69 · fair‑value band ¥1.19 – ¥1.99 · the ¥14.59 price screens above the ¥1.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Qiming Information Technology Co (002232) currently trades at ¥14.59, while our model-based Fair Value estimate is ¥1.59, implying the stock looks roughly 89.1% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Technology 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: high).
Over the trailing twelve months, Qiming Information Technology Co generated revenue of 829M CNY at a net margin of 5.8%. Revenue grew 40.5% year over year. It earns a return on equity of 3.4%. The balance sheet holds a net cash position of 826M CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥1.19 (bear case) to ¥1.99 (bull case); at ¥14.59, 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 48% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -89%, 002232 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.
All 24 models by family
Widest divergence: DCF Models (¥3.18) versus Dividend Discount (¥0.1000). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 29
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Qiming Information Technology Co.,Ltd provides enterprise digital operation, smart car and intelligent connectivity, and cloud solutions primarily in China.
Full company description
Qiming Information Technology Co.,Ltd provides enterprise digital operation, smart car and intelligent connectivity, and cloud solutions primarily in China. It offers enterprise resource planning management system, smart nail, manufacturing execution system, logistics execution system, advanced planning and scheduling, transportation management system, warehouse management system, and supplier relationship management system solutions. The company also provides dealer management system, marketing management system, customer relationship management system, smart quality, clue operation, smart advertising, cloud-native PaaS platform, container engine, AI intelligent service platform, API gateway platform, low-code platform " QLCP, metaverse technology exploration platform, data platform, and intelligent operation and maintenance platform solutions. In addition, it offers intelligent connected cloud platform, new energy vehicle monitoring platform, commercial vehicle enterprise monitoring platform, and electrical inspection system; and driving recorder, in-vehicle T-BOX, car diagnostic tool, national VI OBD, and aftermarket GPS products. Further, the company provides urban intelligent construction solutions, including network engineering design and construction, data center construction, and operation and maintenance services for governments. Additionally, it offers vehicle-road cooperative solution, IT consulting, and cloud-native technology architecture planning and consulting services; cybersecurity level protection assessment; and electrical and electronic testing services, and assembly and manufacturing of connected products. Qiming Information Technology Co.,Ltd was founded in 2000 and is headquartered in Changchun, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Qiming Information Technology Co reported revenue of ¥771M in FY2025 versus ¥1.1B in FY2021, a compound −7.5%/yr. Reported net income was ¥32.5M in FY2025, compounding −5.3%/yr from FY2021.
002232 screens 89% overvalued. Compare with SAP SE →
Peer Group
Software - Application · 709 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 Software - Application 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.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAPS | C$12.69 | C$16.26 | +28% |
| Shopify Inc SHOP | C$173.23 | C$20.54 | -88% |
| Uber Technologies, Inc UBER | $72.67 | $51.11 | -30% |
| Salesforce, Inc CRM | $170.77 | $182.10 | +7% |
| ServiceNow, Inc NOW | $107.71 | $33.12 | -69% |
| Cadence Design Systems, Inc CDNS | $384.17 | $80.41 | -79% |
| Snowflake Inc SNOW | $271.87 | $34.04 | -87% |
| Adobe Inc ADBE | $230.61 | $379.48 | +65% |
| Automatic Data Processing, Inc ADP | $241.92 | $177.51 | -27% |
| Intuit Inc INTU | $291.09 | $258.69 | -11% |
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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.
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