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GCL System Integration Technology Co (002506) Fair Value & Analysis

Technology · CN · Market cap 19.5B CNY

GS GCL System Integration Technology Co 002506 · SHE
Price¥2.68
Fair Value¥2.75
Upside+2.6%
Quality38/100
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Mixed Growth
Loss-making · -8.2% net margin
Low debt · generates free cash flow
Trails peers (4/12)
Narrow moat 12/100
Evidence: Medium Range ¥1.97 – ¥3.54 Share as image

Fair value as of: Jul 22, 2026

From 9 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥0.5800 to ¥2.75 (+374.1%) since Jun 25, 2026. Share price −2.2% over the past month.

Below-average quality, 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.
  • Our model range runs from ¥1.97 (bear) to ¥3.54 (bull), base ¥2.75. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 38/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥6.07 ¥1.75 Fair Value ¥2.75 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 ¥1.75 – ¥6.07 · fair‑value band ¥1.97 – ¥3.54 · the ¥2.68 price screens below the ¥2.75 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

GCL System Integration Technology Co (002506) currently trades at ¥2.68, while our model-based Fair Value estimate is ¥2.75, implying the stock looks roughly 2.6% fairly valued today. The Quality Score stands at 38/100 (below-average quality), in the Technology 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: medium), always confirm before acting.

Over the trailing twelve months, GCL System Integration Technology Co generated revenue of 14.1B CNY at a net margin of -8.2%. Revenue declined 38.7% year over year. It earns a return on equity of -75.1%. The balance sheet holds a net cash position of 804M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥1.97 (bear case) to ¥3.54 (bull case); at ¥2.68, 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 58% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -7% fair-value upside, at 3%, 002506 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥3.70 ¥6.69 ¥11.49 80
Rev-Margin DCF ¥3.06 ¥4.84 ¥7.37 74
Gordon GGM ¥0.2900 ¥0.6000 ¥0.9500 70
All 9 models by family
DCF Models
FCF DCF ¥3.79 ¥6.20 ¥12.39 38
5Y Revenue Exit ¥3.06 ¥4.91 ¥7.55 39
10Y Revenue Exit ¥3.20 ¥5.13 ¥8.35 36
Dividend Discount
Gordon GGM ¥0.2900 ¥0.6000 ¥0.9500 70
DDM Multi-Stage ¥0.2900 ¥0.5000 ¥0.6300 61
Multiples
EV/Revenue ¥2.70 ¥3.49 ¥4.27 43
Asset-Based
NCAV (Graham) ¥0.1000 ¥0.1300 ¥0.1900 50
Growth DCF
Growth DCF ¥3.70 ¥6.69 ¥11.49 80
Rev-Margin DCF ¥3.06 ¥4.84 ¥7.37 74

Widest divergence: DCF Models (¥5.13) versus Asset-Based (¥0.1300). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 14.1B CNY
Revenue growth (YoY) -38.7%
Net margin -8.2%
Return on equity -75.1%
Free cash flow 1.2B CNY FY2025
Operating margin -6.6%
More key figures
EPS (TTM) ¥-0.2000
EPS growth (YoY) +46.4%
Net cash 804M CNY FY2024

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

Quality Score breakdown

Overall quality 38/100

Of which business quality 40 · Market factors (momentum, volatility) 34

Profitability 13
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 70
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

GCL System Integration Technology Co., Ltd. provides comprehensive energy systems in China and internationally. It offers PV modules, utility scale ESS, and utility EMS modules; and C and I and utility solutions.

Full company description

GCL System Integration Technology Co., Ltd. provides comprehensive energy systems in China and internationally. It offers PV modules, utility scale ESS, and utility EMS modules; and C and I and utility solutions. The company's portfolio covers wind power, PV power, energy storage, hydrogen energy, and optimization of source grid-oad-storage topology of new-energy network. The company was founded in 2003 and is based in Suzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GCL System Integration Technology Co reported revenue of ¥15.3B in FY2025 versus ¥4.7B in FY2021, a compound +34.4%/yr. Reported net income was −¥1.2B in FY2025.

Growth Quality 48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
15.3B CNY
Latest YoY
−5.5%
Avg. growth/yr (3Y)
+22.5%
Avg. growth/yr (5Y)
+20.8%
Avg. growth/yr (18Y)
+18.5%
Revenue +34.4%/yr
FY21 ¥4.7B
FY22 ¥8.4B
FY23 ¥16.0B
FY24 ¥16.2B
FY25 ¥15.3B
Net income
FY21 −¥2.0B
FY22 ¥65.1M
FY23 ¥158M
FY24 ¥68.3M
FY25 −¥1.2B

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Cite: Fair Value Calculator (2026). "GCL System Integration Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/002506

Peer Group

Solar · 119 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 38 · Below median
Fair Value upside +3% · Above median
Return on assets -3% · Below median
Net margin (TTM) -8% · Below median
Operating margin (TTM) -7% · Below median
Revenue growth -39% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Solar median · lower = cheaper

P/B 2.56× · Pricier than median
P/S (TTM) 0.21× · Cheaper than median
P/FCF 2.5× · Cheaper than median
PEG 1.27× · Pricier 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 37 · sector 22
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 97 · sector 85
DIVIDEND 0 · sector 14

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 Solar stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
First Solar, Inc FSLR $221.03 $284.45 +29%
Nextpower Inc NXT $111.50 $69.61 -38%
Waaree Energies Limited WAAREEENER ₹2,923 ₹3,613 +24%
Tongwei Co 600438 ¥13.08 ¥12.13 -7%
Jinko Solar Co 688223 ¥4.39 ¥4.75 +8%
Hengdian Group 002056 ¥21.64 ¥22.76 +5%
CSI Solar Co 688472 ¥10.11 ¥7.01 -31%
Enphase Energy, Inc ENPH $44.83 $22.20 -50%
Premier Energies Limited PREMIERENE ₹1,086 ₹912.32 -16%
Trina Solar Co 688599 ¥12.98 ¥7.97 -39%

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Frequently asked questions

Is GCL System Integration Technology Co (002506) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥2.75 versus a price of ¥2.68, about +3% (fairly valued).
What is the fair value of 002506?
Our model-based fair value for GCL System Integration Technology Co is ¥2.75 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥2.68.
What is the quality score of 002506?
GCL System Integration Technology Co has a Quality Score of 38/100. 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 GCL System Integration Technology Co (002506)?
GCL System Integration Technology Co reported trailing-twelve-month revenue of about 14.1B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002506?
The net profit margin of GCL System Integration Technology Co is about -8.2%, meaning it is currently running at a net loss. 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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