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Jiangsu Zhongli Group (002309) Fair Value & Analysis

Industrials · CN · Market cap 9.9B CNY

JZ Jiangsu Zhongli Group 002309 · SHE
Price¥3.25
Fair Value¥0.4505
Upside-86.1%
Quality39/100
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Weak Growth
Thin margins · 1.3% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 18/100
Evidence: Medium Range ¥0.4420 – ¥0.4590 Share as image

Fair value as of: Jul 22, 2026

From 12 valuation models · updated 19 days ago

Share price +27.0% over the past month.

Below-average quality, and screening another 86% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥0.4590). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The models converge in a tight band (¥0.4420 to ¥0.4590), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

¥9.42 ¥1.41 Fair Value ¥0.4505 Feb 2021 Aug 2026

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 ¥1.41 – ¥9.42 · fair‑value band ¥0.4420 – ¥0.4590 · the ¥3.25 price screens above the ¥0.4505 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Jiangsu Zhongli Group (002309) currently trades at ¥3.25, while our model-based Fair Value estimate is ¥0.4505, implying the stock looks roughly 86.1% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Industrials 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, Jiangsu Zhongli Group generated revenue of 2.7B CNY at a net margin of 1.3%. Revenue grew 109.0% year over year. It earns a return on equity of 2.0%. The balance sheet holds a net cash position of 1.5B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥0.4420 (bear case) to ¥0.4590 (bull case); at ¥3.25, 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 40% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -86%, 002309 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥1.71 ¥2.21 ¥3.05 80
Rev-Margin DCF ¥1.33 ¥1.80 ¥2.38 74
Gordon GGM ¥0.0200 ¥0.0200 ¥0.0200 70
All 12 models by family
DCF Models
FCF DCF ¥1.65 ¥2.17 ¥3.11 38
5Y Revenue Exit ¥1.33 ¥1.76 ¥2.39 39
5Y EBITDA Exit ¥0.8100 ¥0.8600 ¥0.9300 41
10Y Revenue Exit ¥1.42 ¥1.75 ¥2.10 36
10Y EBITDA Exit ¥1.14 ¥1.21 ¥1.26 37
Dividend Discount
Gordon GGM ¥0.0200 ¥0.0200 ¥0.0200 70
DDM Multi-Stage ¥0.0200 ¥0.0200 ¥0.0300 61
Multiples
EV/EBITDA ¥0.2500 ¥0.2600 ¥0.2800 54
EV/Revenue ¥1.20 ¥1.62 ¥2.04 43
Asset-Based
NCAV (Graham) ¥0.3000 ¥0.4100 ¥0.6100 50
Growth DCF
Growth DCF ¥1.71 ¥2.21 ¥3.05 80
Rev-Margin DCF ¥1.33 ¥1.80 ¥2.38 74

Widest divergence: Growth DCF (¥1.80) versus Dividend Discount (¥0.0200). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.7B CNY
Revenue growth (YoY) +109%
Net margin 1.3%
Return on equity 2.0%
Free cash flow 465M CNY FY2025
P/E ratio 164.0
More key figures
Operating margin -1.9%
EPS (TTM) ¥0.0200
EPS growth (YoY) -26.2%
Net cash 1.5B CNY FY2024

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 44 · Market factors (momentum, volatility) 34

Profitability 13
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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

Jiangsu Zhongli Group Co.,Ltd manufactures and sells cables and photovoltaic products in China and internationally. It operates through cable and photovoltaic segments.

Full company description

Jiangsu Zhongli Group Co.,Ltd manufactures and sells cables and photovoltaic products in China and internationally. It operates through cable and photovoltaic segments. It provides power, wind, control, data, marine, mine, rail transit, photoelectric composite, electronic line of certification, automobile, board coaxial, communication, and aluminum alloy cables, as well as overhead conductors and steel core aluminum standard wires. The company also offers distribution, dielectric self-supported fiber optic, feeder, and home segment cable products, as well as outdoor central beam tubed optical fiber and optical fiber cable products; polymer materials; solar products; and optical fiber and packaging products. In addition, it provides WLAN, smart grid, shipboard cable, high-speed railway cable, rail transit, new energy cable, and automobile cable solutions, as well as FTTX optical-fiber network integrated and solar roof solutions. Further, the company operates solar power stations. It serves communication, equipment manufacturing, rail transit, power, mining, ship and ocean engineering, and solar new energy industries. The company was formerly known as Zhongli Science and Technology Group Co., Ltd. and changed its name to Jiangsu Zhongli Group Co., Ltd. in February 2017. Jiangsu Zhongli Group Co.,Ltd was founded in 1988 and is headquartered in Changshu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Zhongli Group reported revenue of ¥2.3B in FY2025 versus ¥10.4B in FY2021, a compound −31.1%/yr. Reported net income was −¥57.0M in FY2025.

Growth Quality 37/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.3B CNY
Latest YoY
−0.7%
Avg. growth/yr (3Y)
−34.1%
Avg. growth/yr (5Y)
−23.7%
Avg. growth/yr (19Y)
+2.8%
Revenue −31.1%/yr
FY21 ¥10.4B
FY22 ¥8.2B
FY23 ¥4.1B
FY24 ¥2.4B
FY25 ¥2.3B
Net income
FY21 −¥4.2B
FY22 −¥476M
FY23 −¥1.5B
FY24 −¥1.2B
FY25 −¥57.0M

002309 screens 86% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Jiangsu Zhongli Group Fair Value". https://www.fairvalue-calculator.com/stock/002309

Peer Group

Electrical Equipment & Parts · 528 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.

Quality Score 39 · Bottom 25%
Fair Value upside −86% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 109% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 164.0× · Pricier than 75% of peers
P/B 0.80× · Cheaper than 75% of peers
P/S (TTM) 0.55× · Cheaper than 75% of peers
P/FCF 3.1× · Cheaper than median

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 · sector 0
FUTURE 100 · sector 57
PAST 8 · sector 26
HEALTH 100 · sector 97
DIVIDEND 0 · sector 18

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.

None of the checked exposures detected

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

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Jiangsu Zhongli Group (002309) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥0.4505 versus a price of ¥3.25, about −86% (overvalued).
What is the fair value of 002309?
Our model-based fair value for Jiangsu Zhongli Group is ¥0.4505 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥3.25.
What is the quality score of 002309?
Jiangsu Zhongli Group has a Quality Score of 39/100. 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 revenue of Jiangsu Zhongli Group (002309)?
Jiangsu Zhongli Group reported trailing-twelve-month revenue of about 2.7B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002309?
The net profit margin of Jiangsu Zhongli Group is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.

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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