Shenzhen Tongye Technology Co (300960) Fair Value & Analysis
Industrials · CN · Market cap 2.5B CNY
Fair value as of: Jul 9, 2026
From 15 valuation models · updated 33 days ago
Share price +6.3% over the past month.
A solid business, but screening 56% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥9.23). The favourable scenario is already priced in.
- Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥4.97 to ¥9.23) 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 ¥7.06 – ¥36.20 · fair‑value band ¥4.97 – ¥9.23 · the ¥16.29 price screens above the ¥7.10 fair value. Dashed = 300-day average. As of Jul 9, 2026.
Analysis
Shenzhen Tongye Technology Co (300960) currently trades at ¥16.29, while our model-based Fair Value estimate is ¥7.10, implying the stock looks roughly 56.4% overvalued today. The Quality Score stands at 55/100 (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: high).
Over the trailing twelve months, Shenzhen Tongye Technology Co generated revenue of 493M CNY at a net margin of 8.8%. Revenue declined 24.1% year over year. It earns a return on equity of 7.0%. The balance sheet holds a net cash position of 168M CNY. Fundamentals as of Jul 9, 2026
Our scenario range runs from ¥4.97 (bear case) to ¥9.23 (bull case); at ¥16.29, 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 60% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -56%, 300960 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.
All 15 models by family
Widest divergence: DCF Models (¥8.13) versus Asset-Based (¥3.01). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 20
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
Shenzhen Tongye Technology Co.,Ltd. engages in the design, research and development, manufacture, sale, after-sales, and maintenance services for electrical equipment products for rail transit locomotives and rolling stock in China.
Full company description
Shenzhen Tongye Technology Co.,Ltd. engages in the design, research and development, manufacture, sale, after-sales, and maintenance services for electrical equipment products for rail transit locomotives and rolling stock in China. The company offers power products, such as power supply cabinets, chargers, emergency ventilation and auxiliary inverters, train and auxiliary power supply cabinets, on-board bidirectional and supercapacitor charging devices, air conditioning power supplies, hybrid energy storage systems, and emergency power supply systems, as well as hydrogen energy bidirectional DC-DC power supplies, step-down regulated power supplies. It also provides intelligent control products, including logic control units, suspension and air conditioning controllers, intelligent air conditioning control panels, intelligent solid-state contactors, intelligent electrical control systems, low-voltage electrical appliance monitoring systems, battery management systems, network cards, thermal management system, and electronic controllers. In addition, the company offers motor and fan products comprising asynchronous motors, permanent magnet synchronous motors, and ordinary and EC fans. Further, it provides accessories for power supplies, intelligent controls, motors, fans, and other products, as well as regular maintenance and fault repair services for rail transit vehicle customers. Its products are used in railway locomotives, urban rail transit vehicles, high-speed trains, and other rail transit locomotives and vehicles, as well as in urban rail transit ground charging systems. Shenzhen Tongye Technology Co.,Ltd. was founded in 2000 and is based in Shenzhen, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shenzhen Tongye Technology Co reported revenue of ¥510M in FY2025 versus ¥294M in FY2021, a compound +14.7%/yr. Reported net income was ¥52.8M in FY2025, compounding +3.8%/yr from FY2021.
of which total revenue +6.6 pp · buybacks/dilution −5.8 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
300960 screens 56% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 808 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 Specialty Industrial Machinery 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.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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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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