Haining China Leather Market Co (002344) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 5.0B CNY
Fair value as of: Jul 25, 2026
From 9 valuation models · updated 16 days ago
Share price +4.5% over the past month.
Below-average quality, and screening another 75% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥1.38). The favourable scenario is already priced in.
- Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (¥0.7000 to ¥1.38) 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 25, 2026.
How to read this chart
60‑month range ¥2.95 – ¥6.55 · fair‑value band ¥0.7000 – ¥1.38 · the ¥3.75 price screens above the ¥0.9400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 25, 2026.
Analysis
Haining China Leather Market Co (002344) currently trades at ¥3.75, while our model-based Fair Value estimate is ¥0.9400, implying the stock looks roughly 74.9% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Consumer Cyclical 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, Haining China Leather Market Co generated revenue of 1.0B CNY at a net margin of 4.7%. Revenue declined 6.7% year over year. It earns a return on equity of 0.8%. Net debt stands at 766M CNY. Fundamentals as of Jul 25, 2026
Our scenario range runs from ¥0.7000 (bear case) to ¥1.38 (bull case); at ¥3.75, 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 30% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at -75%, 002344 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 9 models by family
Widest divergence: Asset-Based (¥4.39) versus Dividend Discount (¥0.5700). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 36
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
Haining China Leather Market Co.,Ltd engages in the development, leasing, and service of the professional leather market in China. The company operates a leather city, fashion industry park, and hotel.
Full company description
Haining China Leather Market Co.,Ltd engages in the development, leasing, and service of the professional leather market in China. The company operates a leather city, fashion industry park, and hotel. It also engages in the wholesale and retail of leather clothing, sales to the supply of surface accessories, fashion business parks, factory leasing, design research and development, fashion releases, fashion wholesales, and headquarters. In addition, it engages in the production, marketing, trading, and designing of leather product business. Haining China Leather Market Co.,Ltd was founded in 1994 and is headquartered in Haining, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Haining China Leather Market Co reported revenue of ¥1.1B in FY2025 versus ¥1.5B in FY2021, a compound −7.6%/yr. Reported net income was ¥70.6M in FY2025, compounding −31.9%/yr from FY2021.
002344 screens 75% overvalued. Compare with Casey's General Stores, Inc →
Peer Group
Specialty Retail · 221 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 Specialty Retail 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 Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Casey's General Stores, Inc CASY | $827.04 | $405.44 | -51% |
| Williams-Sonoma, Inc WSM | $222.84 | $164.16 | -26% |
| Ulta Beauty, Inc ULTA | $479.57 | $488.39 | +2% |
| DICK'S Sporting Goods, Inc DKS | $208.89 | $181.10 | -13% |
| Best Buy Co BBY | $83.98 | $109.12 | +30% |
| China Tourism Group 601888 | ¥52.90 | ¥40.40 | -24% |
| Tractor Supply Company TSCO | $31.01 | $35.52 | +15% |
| Murphy USA Inc MUSA | $618.57 | $423.35 | -32% |
| Five Below, Inc FIVE | $197.71 | $117.29 | -41% |
| Taiwan Mobile Co 3045 | 110.50 TWD | 80.98 TWD | -27% |
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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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