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Hanwang Technology Co Ltd (002362) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Hanwang Technology Co Ltd stock ¥13.36, price ¥16.99, that is 21.4% below the price, quality 52 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology CN · ISIN CNE100000LW6

HT Hanwang Technology Co Ltd logo Thin data Nov 10, 2026

Hanwang Technology Co Ltd

002362 · SHE
Expensive, in a downtrend

Our calculation puts a fair price 21% below what the stock costs today.

Low debt
Quality 52/100
Expensive Growth (revenue 5y +4.0 %/yr in CNY)
Fair value ¥13.36 · Overvalued
Loss-making · -11.8% net margin (TTM)
Negative free cash flow
Trails peers (1/11)
Narrow moat 8/100 · thin data
Thin data
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

¥39.11 ¥11.78 Fair Value ¥13.36 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range ¥11.78 – ¥39.11 · fair‑value band ¥10.02 – ¥16.69 · the ¥16.99 price screens above the ¥13.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Hanwang Technology Co.,Ltd., together with its subsidiaries, provides handwriting recognition, optical character recognition, and handwriting input products in China and internationally.

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The company offers WISEreader, a portable electronic book; Dictionary Pen, a multifunctional scanning pen; HWPen that integrates handwriting technology and electromagnetic induction technology for different modes of computer handwriting board; Tablet, a professional painting tool for art.

It also provides Scan Pen for text readers; Mini Scanner, a portable hand-held offline data input device designed for mobile office working; MousePen, which is used for writing, reading, and identify pictures and text on the screen; and bionic flapping wing.

In addition, the company provides office application products, such as high-speed professional scanners, starter edition scanners, and documents cameras; Face Go; and C-pen and E-signature products.

In addition, the company offers PM2.5 Detector, a handheld instrument that conducts real-time measurement of the concentration and quality of airborne particles; and household indoor air purifiers and haze removal machines.

Its products are used in e-government, personal office, mobile communication, digital home appliances, and other applications.

Further, the company provides document information; business; IC design; technology promotion and application; equity investment; and software and information technology services. Hanwang Technology Co.,Ltd. was founded in 1998 and is based in Beijing, China.

Stock analysis

Hanwang Technology Co Ltd (002362) currently trades at ¥16.99, while our estimate is ¥13.36, 21% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: ¥10.02 (bear) to ¥16.69 (bull), the price of ¥16.99 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 52/100 (solid quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Hanwang Technology Co Ltd reported revenue of 1.9B CNY in FY2025 versus 1.6B CNY in FY2021, a compound +4.0%/yr. Reported net income was −196M CNY in FY2025.

Key figures

Market cap 4.2B CNY (≈ $623M) Small · P/S ratio 2.10 · EPS (TTM) ¥−0.9200 · Dividend yield 0.2% · Net margin −11.8% · Return on equity −20.8% · Return on assets (EBIT) −5.1% (5-year average) · Operating margin −11.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).

What moves the price

The share trades about 31% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −47% fair-value upside, at −21%, 002362 screens cheaper than that median.

Fair Value

Bear ¥10.02 Fair Value ¥13.36 Bull ¥16.69
Price ¥16.99 · Downside -21.4%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 52/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 29
How much profit the company makes from its sales and capital
Quality Growth 43
Are margins and returns getting better?
Cashflow 3
Do the profits arrive as real cash?
Financial strength 89
Debt, balance sheet and risk of trouble
Investment 94
Does it invest with discipline instead of growing at any price?
Low Volatility 70
How calm the share price moves, does not count
Price momentum 28
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 16
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 20/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
Start year 2020 (pandemic). Over 10 years: +17.9% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.5%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
13.6% (2020) → −7.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

002362 screens overvalued: fair value 21% below the price. Compare with Cisco Systems, Inc →

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Peer Groupⓘ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.Communication Equipment · 328 stocks

Beats the industry median on 1/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 52 · Below median
Fair Value upside −21.4% · Below median
Profitability
Return on assets −10.2% · Bottom 25%
Net margin (12 months) −11.8% · Bottom 25%
Operating margin (12 months) −11.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −0.9% · Below median
Dividend yield (12 months) 0.2% · Bottom 25%
Balance sheet
Debt / equity 0.01× · Below median

Valuation Multiplesvs Communication Equipment median · lower = cheaper

P/B 4.38× · Pricier than median
P/S (12 months) 2.18× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)5 · sector 6
FUTURE (revenue growth)0 · sector 57
PAST (return on equity)0 · sector 17
HEALTH (low debt)99 · sector 98
DIVIDEND (yield)4 · sector 23

Context: sector, industry, market

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

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cisco Systems, Inc CSCO $98.65 $108.52 +10% vs 002362
Ubiquiti Inc UI $685.68 $754.25 +10% vs 002362
Eoptolink Technology Inc 300502 ¥183.80 ¥193.60 +5% vs 002362
Zhongji Innolight Co 300308 ¥471.00 ¥342.18 −27% vs 002362
Nokia Oyj NOKIA €7.35 €3.87 −47% vs 002362
Motorola Solutions, Inc MSI $527.97 $249.63 −53% vs 002362
Foxconn Industrial Internet Co 601138 ¥43.18 ¥13.93 −68% vs 002362
Yangtze Optical Fibre And Cable Joint Stock Limited 601869 ¥252.33 ¥59.92 −76% vs 002362
Ciena Corporation CIEN $269.33 $50.06 −81% vs 002362
Lumentum Holdings LITE $596.16 $85.88 −86% vs 002362

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Hanwang Technology Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Hanwang Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002362

Frequently asked questions

Is Hanwang Technology Co Ltd (002362) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is ¥13.36 versus a price of ¥16.99, about 21% lower (overvalued).
What is the fair value of 002362?
Our estimate for Hanwang Technology Co Ltd is ¥13.36 (as of Nov 10, 2026), built from audited fundamentals. The current price: ¥16.99.
What is the quality score of 002362?
Hanwang Technology Co Ltd has a Quality Score of 52/100. 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 price target for Hanwang Technology Co Ltd (002362)?
Our calculated price target is the estimate of ¥13.36 (as of Nov 10, 2026). Cautious scenario ¥10.02, optimistic scenario ¥16.69. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Hanwang Technology Co Ltd stock forecast for 2026?
Our estimate puts fair value at ¥13.36, about 21% lower versus a price of ¥16.99 (overvalued). Cautious scenario ¥10.02, optimistic scenario ¥16.69. The calculation is refreshed regularly with new filings.
What is the revenue of Hanwang Technology Co Ltd (002362)?
Hanwang Technology Co Ltd reported trailing-twelve-month revenue of about 1.9B CNY (latest available figure, as of Nov 10, 2026).
Does Hanwang Technology Co Ltd pay a dividend?
Hanwang Technology Co Ltd currently shows a dividend yield of 0.18% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Hanwang Technology Co Ltd (002362)?
Hanwang Technology Co Ltd has a dividend yield of 0.2%.
What is the intrinsic value of Hanwang Technology Co Ltd (002362)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hanwang Technology Co Ltd it is ¥13.36 per share (as of Nov 10, 2026), against a price of ¥16.99.
Is Hanwang Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 002362 trades above its calculated fair value: price ¥16.99, fair value ¥13.36, a gap of about −21% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002362?
No. The price is what the market pays today (¥16.99); the fair value is what the company's own numbers justify (¥13.36). For Hanwang Technology Co Ltd the two are ¥3.63 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hanwang Technology Co Ltd worth?
The market values Hanwang Technology Co Ltd at about 4.2B CNY (market capitalisation, as of Nov 10, 2026). Per share that is ¥16.99; our models calculate a fair value of ¥13.36 per share.
What do the bullish and bearish scenarios say about 002362?
Our models span a range for Hanwang Technology Co Ltd: cautious scenario ¥10.02, base ¥13.36, optimistic ¥16.69 per share (as of Nov 10, 2026, price ¥16.99). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hanwang Technology Co Ltd (002362)?
Balance-sheet figures for Hanwang Technology Co Ltd (as of Nov 10, 2026): return on equity −20.8%, debt of 0.01 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 002362 from its 52-week high?
Hanwang Technology Co Ltd trades at ¥16.99, about 31% below its 52-week high of ¥24.47 and 21% above the low of ¥14.01 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of ¥13.36 is for.
Which stocks are comparable to Hanwang Technology Co Ltd?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hanwang Technology Co Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price ¥16.99, calculated fair value ¥13.36 (−21%), Quality Score 52/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.2% above its aggregate fair value. Hanwang Technology Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hanwang Technology Co Ltd (002362)?
The closing price on Nov 10, 2026 was ¥16.99. Our estimate is ¥13.36, about 21% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hanwang Technology Co Ltd right now?
Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Hanwang Technology Co Ltd

How large is the market capitalisation of Hanwang Technology Co Ltd (002362)?
The market capitalisation of Hanwang Technology Co Ltd is 4.2B CNY (≈ $623M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hanwang Technology Co Ltd (002362)?
The price-to-sales ratio of Hanwang Technology Co Ltd is 2.10 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hanwang Technology Co Ltd (002362)?
Earnings per share at Hanwang Technology Co Ltd are ¥−0.9200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hanwang Technology Co Ltd (002362)?
The dividend yield of Hanwang Technology Co Ltd is 0.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hanwang Technology Co Ltd (002362)?
The net margin of Hanwang Technology Co Ltd is −11.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hanwang Technology Co Ltd (002362)?
The return on equity (ROE) of Hanwang Technology Co Ltd is −20.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hanwang Technology Co Ltd (002362)?
On an EBIT basis the return on assets of Hanwang Technology Co Ltd is −5.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hanwang Technology Co Ltd (002362)?
The operating margin of Hanwang Technology Co Ltd is −11.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hanwang Technology Co Ltd (002362)?
Revenue at Hanwang Technology Co Ltd is growing −0.9% versus a year earlier (3y avg +10.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hanwang Technology Co Ltd (002362)?
Earnings per share at Hanwang Technology Co Ltd are growing −97.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hanwang Technology Co Ltd (002362) generate?
The free cash flow of Hanwang Technology Co Ltd is −137M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Hanwang Technology Co Ltd (002362) hold?
Hanwang Technology Co Ltd holds more cash than debt, 492M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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