Haoyun Technologies Co (300448) Fair Value & Analysis

Industrials · CN · Market cap 4.9B CNY

A solid business, but screening 78% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥1.57). 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.
• Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (¥0.8300 to ¥1.57) 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 9, 2026.

How to read this chart

60‑month range ¥2.75 – ¥11.43 · fair‑value band ¥0.8300 – ¥1.57 · the ¥5.62 price screens above the ¥1.26 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Haoyun Technologies Co (300448) currently trades at ¥5.62, while our model-based Fair Value estimate is ¥1.26, implying the stock looks roughly 77.6% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Industrials 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, Haoyun Technologies Co generated revenue of 240M CNY at a net margin of -11.3%. Revenue declined 27.8% year over year. It earns a return on equity of -3.3%. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥0.8300 (bear case) to ¥1.57 (bull case); at ¥5.62, 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 51% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at -78%, 300448 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.

Key figures & financial health

Quality Score breakdown

About the company

Haoyun Technologies Co.,Ltd. provides low-code platform and IoT platform construction and solutions in China. The company offers low-code development platform tools for efficient platform development; low-code smart IoT data platform; enterprise global digital empowerment engine series products; and big data and artificial intelligence technologies and …

Full company description

Haoyun Technologies Co.,Ltd. provides low-code platform and IoT platform construction and solutions in China. The company offers low-code development platform tools for efficient platform development; low-code smart IoT data platform; enterprise global digital empowerment engine series products; and big data and artificial intelligence technologies and products. It also provides cameras, storage, transmission, display and control, voice intercom, access control, and other products, as well as UWB series products. The company's products are used in various applications, such as financial IoT, smart university, wisdom buildings, smart energy, and others. Haoyun Technologies Co.,Ltd. was founded in 2001 and is headquartered in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Haoyun Technologies Co reported revenue of ¥257M in FY2025 versus ¥565M in FY2021, a compound −17.9%/yr. Reported net income was −¥34.5M in FY2025.

300448 screens 78% overvalued. Compare with ASSA ABLOY AB →

Peer Group

Security & Protection Services · 113 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 Security & Protection Services 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.