HeNan Splendor Science & Technology Co (002296) Fair Value & Analysis
Industrials · CN · Market cap 3.8B CNY
Fair value as of: Jul 22, 2026
From 26 valuation models · updated 19 days ago
Share price +4.5% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (¥6.39 to ¥12.01) leaves room in how you read the outcome.
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 ¥4.75 – ¥15.13 · fair‑value band ¥6.39 – ¥12.01 · the ¥9.00 price screens below the ¥9.61 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
HeNan Splendor Science & Technology Co (002296) currently trades at ¥9.00, while our model-based Fair Value estimate is ¥9.61, implying the stock looks roughly 6.8% fairly valued today. The Quality Score stands at 65/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, HeNan Splendor Science & Technology Co generated revenue of 885M CNY at a net margin of 19.9%. Revenue grew 3.2% year over year. It earns a return on equity of 7.0%. The balance sheet holds a net cash position of 274M CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥6.39 (bear case) to ¥12.01 (bull case); at ¥9.00, the current price sits within 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 Industrials peers we cover trades at -28% fair-value upside, at 7%, 002296 screens cheaper 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 26 models by family
Widest divergence: DCF Models (¥9.60) versus Dividend Discount (¥3.02). 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 63 · Market factors (momentum, volatility) 31
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
HeNan Splendor Science & Technology Co., Ltd. engages in the research and development and promotion of rail transit measurement and control technologies for the rail transit industry in China.
Full company description
HeNan Splendor Science & Technology Co., Ltd. engages in the research and development and promotion of rail transit measurement and control technologies for the rail transit industry in China. The company offers railway signal centralized monitoring systems, hump signal centralized monitoring systems, microcomputer monitoring intelligent analysis and fault diagnosis systems, railway turnout comprehensive monitoring systems, frequency shift track circuit outdoor monitoring systems, railway power environment monitoring systems, signal room UPS and battery online monitoring systems, railway communication tower monitoring systems, electric service comprehensive data analysis platform systems, high-speed railway natural disaster and foreign body intrusion monitoring systems, railway integrated video monitoring systems, high-speed railway perimeter intrusion alarm systems, decentralized autonomous dispatching centralized systems, train dispatching and command systems, wireless shunting locomotive signal and monitoring systems, electric dispatch command center systems, and computer interlocking systems, as well as axle counting and electric heating turnout snow melting system equipment. It also provides urban rail transit signal maintenance support systems, environmental and equipment monitoring systems, urban rail transit integrated monitoring systems, urban rail transit automatic ticket collection systems, closed-circuit television surveillance systems, and automatic train monitoring systems, as well as special railway transport command integrated systems. The company was founded in 1994 and is based in Zhengzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
HeNan Splendor Science & Technology Co reported revenue of ¥879M in FY2025 versus ¥737M in FY2021, a compound +4.5%/yr. Reported net income was ¥187M in FY2025, compounding +11.7%/yr from FY2021.
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Peer Group
Railroads · 111 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 Railroads 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.
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 Railroads stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Union Pacific Corporation UNP | $301.75 | $144.60 | -52% |
| CSX Corporation CSX | $49.41 | $12.85 | -74% |
| Canadian Pacific Kansas City Limited CP | $92.91 | $35.00 | -62% |
| Canadian National Railway Company CNI | $128.22 | $92.63 | -28% |
| Norfolk Southern Corporation NSC | $327.47 | $117.90 | -64% |
| Westinghouse Air Brake Technologies Corporation WAB | $259.71 | $144.80 | -44% |
| Beijing-Shanghai High-Speed Railway Co 601816 | ¥4.82 | ¥5.65 | +17% |
| CRRC Corporation 601766 | ¥5.65 | ¥9.53 | +69% |
| Daqin Railway Co 601006 | ¥4.85 | ¥6.24 | +29% |
| Hyundai Rotem Company 064350 | 167,700 KRW | 125,182 KRW | -25% |
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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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