Hangzhou Zhongheng Electric Co Ltd (002364) Fair Value & Analysis
Industrials · CN · Market cap 30.0B CNY (≈ $4.5B) · ISIN CNE100000M05
What is Hangzhou Zhongheng Electric Co Ltd really worth?
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
A strong business, but trading 816% above our fair value of ¥4.09.
Strengths
Risks
For context
Fair value as of: Aug 21, 2026
From 26 valuation models · updated 15 days ago
Share price −0.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (¥5.11). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range ¥4.25 – ¥59.15 · fair‑value band ¥3.06 – ¥5.11 · the ¥37.44 price screens above the ¥4.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Hangzhou Zhongheng Electric Co Ltd (002364) currently trades at ¥37.44, while our model-based Fair Value estimate is ¥4.09, implying the stock looks roughly 815.8% overvalued today. The Quality Score stands at 76/100 (high quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥9.71 per share, and 0 of the 26 models we run sit above the ¥37.44 price. Bear case: the Dividend Discount group reads lowest at ¥0.8100, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Hangzhou Zhongheng Electric Co Ltd generated revenue of 2.2B CNY at a net margin of 6.1%. Revenue grew 7.8% year over year. It earns a return on equity of 5.4%. The balance sheet holds a net cash position of 693M CNY. Fundamentals as of Aug 21, 2026
Our scenario range runs from ¥3.06 (bear case) to ¥5.11 (bull case); at ¥37.44, 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 38% below its 52-week high and 169% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −89%, 002364 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2024 figures, and about 12 months have passed since. In that time the company retained roughly ¥0.1200 per share, which is 2.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (¥9.71) versus Dividend Discount (¥0.8100). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 76 · Market factors (momentum, volatility) 51
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Hangzhou Zhongheng Electric Co., Ltd. provides electronics manufacturing solutions in China, rest of Asia, Europe, the United States, and internationally. The company offers prefabricated solution for data center power supply system; and charging and swapping solutions.
Full company description
Hangzhou Zhongheng Electric Co., Ltd. provides electronics manufacturing solutions in China, rest of Asia, Europe, the United States, and internationally. The company offers prefabricated solution for data center power supply system; and charging and swapping solutions. It also provides solutions for communication power supply and distribution system, as well as power system solutions. In addition, the company provides energy storage, operation, and maintenance, microgrid, and power operation solutions. The company was incorporated in 1996 and is headquartered in Hangzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
Hangzhou Zhongheng Electric Co Ltd reported revenue of 2.0B CNY in FY2024 versus 1.4B CNY in FY2020, a compound +8.2%/yr. Reported net income was 110M CNY in FY2024, compounding +6.6%/yr from FY2020.
of which total revenue +11.5 % · buybacks/dilution −0.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
002364 screens 816% overvalued. Compare with Contemporary Amperex Technology Co →
Peer Group
Electrical Equipment & Parts · 543 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 Electrical Equipment & Parts median · lower = cheaper
Strength profile in five axes (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.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$652.50 | HK$394.19 | −40% |
| ABB Ltd ABBN | CHF 80.10 | CHF 28.70 | −64% |
| Delta Electronics (Thailand) Public Company TDED | 10.40 SGD | 1.47 SGD | −86% |
| Vertiv Holdings VRT | $257.08 | $63.13 | −75% |
| LG Energy Solution, Ltd 373220 | 365,500 KRW | 201,455 KRW | −45% |
| Prysmian S.p.A PRY | €117.10 | €84.15 | −28% |
| Legrand SA LR | €139.65 | €78.82 | −44% |
| Sungrow Power Supply Co 300274 | ¥86.40 | ¥123.83 | +43% |
| Hubbell Incorporated HUBB | $443.31 | $285.77 | −36% |
| Shenzhen Inovance Technology Co 300124 | ¥61.07 | ¥33.04 | −46% |
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