Henan Yicheng New Energy Co (300080) Fair Value & Analysis

Technology · CN · Market cap 7.5B CNY

Below-average quality, and screening another 55% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥2.86). The favourable scenario is already priced in.
• Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The model range is unusually wide (¥0.7600 to ¥2.86). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• 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 Jul 7, 2026.

How to read this chart

60‑month range ¥2.58 – ¥7.78 · fair‑value band ¥0.7600 – ¥2.86 · the ¥3.71 price screens above the ¥1.68 fair value. Dashed = 300-day average. As of Jul 7, 2026.

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Analysis

Henan Yicheng New Energy Co (300080) currently trades at ¥3.71, while our model-based Fair Value estimate is ¥1.68, implying the stock looks roughly 54.7% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Technology 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: low).

Over the trailing twelve months, Henan Yicheng New Energy Co generated revenue of 3.4B CNY at a net margin of -22.3%. Revenue declined 17.3% year over year. It earns a return on equity of -17.6%. Net debt stands at 1.6B CNY. Fundamentals as of Jul 7, 2026

Our scenario range runs from ¥0.7600 (bear case) to ¥2.86 (bull case); at ¥3.71, 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 45% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -7% fair-value upside, at -55%, 300080 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.

Widest divergence: Asset-Based (¥1.58) versus Dividend Discount (¥1.18). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Henan Yicheng New Energy Co., Ltd. manufactures and sells ultra-high power graphite electrodes and negative electrode materials in China. The company offers monocrystalline silicon cells, photovoltaic and wind power stations, cylindrical lithium-ion batteries, and vanadium liquid flow battery stacks.

Full company description

Henan Yicheng New Energy Co., Ltd. manufactures and sells ultra-high power graphite electrodes and negative electrode materials in China. The company offers monocrystalline silicon cells, photovoltaic and wind power stations, cylindrical lithium-ion batteries, and vanadium liquid flow battery stacks. It also provides carbon products; electronic special materials, chemical products, and graphite and carbon products; high-performance fibers and composite materials and electronic materials; electrical accessories for new energy vehicles; and silicon carbide, abrasives, grinding tools, silicon micropowder processing, coke, and electrolytic copper. In addition, the company engages in the sales of photovoltaic equipment and components; research and development of emerging energy technology; leasing of real estate properties; and technical consulting activities. Henan Yicheng New Energy Co., Ltd. was founded in 1997 and is headquartered in Zhengzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Henan Yicheng New Energy Co reported revenue of ¥3.5B in FY2025 versus ¥5.8B in FY2021, a compound −11.6%/yr. Reported net income was −¥669M in FY2025.

300080 screens 55% overvalued. Compare with First Solar, Inc →

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.

Valuation Multiples vs Solar 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.

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Frequently asked questions

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.