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Zhonghong Pulin Medical Products Co. Ltd. (300981) Fair Value & Analysis

Healthcare · CN · Market cap 4.6B CNY

ZP Zhonghong Pulin Medical Products Co. Ltd. 300981 · SHE
Price¥14.73
Fair Value¥5.24
Upside-64.4%
Quality49/100
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Risks

!Trades 64% ABOVE our fair value of ¥5.24
!Weak Growth
!Loss-making · -5.4% net margin
!Low debt · negative free cash flow
Weak Growth
Loss-making · -5.4% net margin
Low debt · negative free cash flow
3.26% dividend yield
Trails peers (4/11)
Narrow moat 17/100
Evidence: Low Range ¥3.85 – ¥6.62 Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 9 days ago

Share price +46.9% over the past month.

Below-average quality, and screening another 64% overvalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥6.62). 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 (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥41.50 ¥7.57 Fair Value ¥5.24 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥7.57 – ¥41.50 · fair‑value band ¥3.85 – ¥6.62 · the ¥14.73 price screens above the ¥5.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Zhonghong Pulin Medical Products Co. Ltd. (300981) currently trades at ¥14.73, while our model-based Fair Value estimate is ¥5.24, implying the stock looks roughly 64.4% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Healthcare 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, Zhonghong Pulin Medical Products Co. Ltd. generated revenue of 2.3B CNY at a net margin of -5.4%. Revenue declined 4.3% year over year. It earns a return on equity of -2.4%. Net debt stands at 133M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥3.85 (bear case) to ¥6.62 (bull case); at ¥14.73, 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 20% below its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -46% fair-value upside, at -64%, 300981 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EV/EBITDA ¥6.47 ¥7.85 ¥9.24 54
NCAV (Graham) ¥6.13 ¥8.22 ¥12.27 50
All 2 models by family
Multiples
EV/EBITDA ¥6.47 ¥7.85 ¥9.24 54
Asset-Based
NCAV (Graham) ¥6.13 ¥8.22 ¥12.27 50

Widest divergence: Asset-Based (¥8.22) versus Multiples (¥7.85). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 2.3B CNY
Revenue growth (YoY) -4.3%
Net margin -5.4%
Return on equity -2.4%
Free cash flow −187M CNY FY2025
Operating margin 2.5%
More key figures
EPS (TTM) ¥-0.2900
Dividend yield 3.3%
EPS growth (YoY) -74.0%
Net debt 133M CNY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 48 · Market factors (momentum, volatility) 45

Profitability 9
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 91
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

Zhonghong Pulin Medical Products Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of disposable health products for medical and industrial use in China and internationally. It operates in three segments: Health Protection Division; Safety Infusion Division; and Innovation Incubation Division.

Full company description

Zhonghong Pulin Medical Products Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of disposable health products for medical and industrial use in China and internationally. It operates in three segments: Health Protection Division; Safety Infusion Division; and Innovation Incubation Division. The Health Protection Division offers nitrile gloves, PVC gloves, natural latex gloves, radiation-proof gloves, polyisoprene gloves, examination findom, and condoms, as well as various other disposable exam, surgical, and protective gloves. Its Safety Infusion Division provides infusion equipment-related products, such as precision infusion sets, indwelling needles, common infusion sets, common syringes, and blood collection tubes, etc. The Innovation Incubation Division offers infusion and syringe pumps, infusion information collection systems, disposable non-invasive EEG electrodes, disposable medical temperature sensors, non-invasive blood pressure cuffs, and radial artery compression tourniquets, as well as closed loop temperature management systems, and disposable atomizers. It also provides wireless continuous monitoring sensors and probes; and engages in scientific research and technical services. The company exports its products to approximately 80 countries and regions. Zhonghong Pulin Medical Products Co., Ltd. was founded in 2010 and is based in Tangshan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhonghong Pulin Medical Products Co. Ltd. reported revenue of ¥2.4B in FY2025 versus ¥4.9B in FY2021, a compound −16.6%/yr. Reported net income was −¥112M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.4B CNY
Latest YoY
−3.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−13.1%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.9%
Revenue −16.6%/yr
FY21 ¥4.9B
FY22 ¥1.6B
FY23 ¥2.1B
FY24 ¥2.5B
FY25 ¥2.4B
Net income
FY21 ¥2.3B
FY22 ¥66.9M
FY23 −¥131M
FY24 −¥87.1M
FY25 −¥112M

300981 screens 64% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Zhonghong Pulin Medical Products Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/300981

Peer Group

Medical Instruments & Supplies · 205 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 48 · Below median
Fair Value upside −64% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) 2% · Bottom 25%
Revenue growth -4% · Bottom 25%
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.29× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 23
PAST0 · sector 25
HEALTH98 · sector 96
DIVIDEND48 · sector 32

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.

None of the checked exposures detected

Similar stocks

10 more Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $378.81 $150.04 -60%
EssilorLuxottica Société anonyme 1EL €164.40 €68.55 -58%
Medline Inc MDLN $35.50 $30.15 -15%
Becton, Dickinson and Company BDX $182.09 $100.46 -45%
Alcon Inc ALC $73.58 $39.78 -46%
ResMed Inc RMD $231.52 $187.89 -19%
West Pharmaceutical Services, Inc WST $352.29 $141.58 -60%
Sartorius Stedim Biotech S.A DIM €180.30 €48.88 -73%
Coloplast A/S COLOB kr 435.80 kr 382.22 -12%
Gan & Lee Pharmaceuticals., a biopharmaceutical company, 603087 ¥77.48 ¥27.22 -65%

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Frequently asked questions

Is Zhonghong Pulin Medical Products Co. Ltd. (300981) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥5.24 versus a price of ¥14.73, about −64% (overvalued).
What is the fair value of 300981?
Our model-based fair value for Zhonghong Pulin Medical Products Co. Ltd. is ¥5.24 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥14.73.
What is the quality score of 300981?
Zhonghong Pulin Medical Products Co. Ltd. has a Quality Score of 49/100. 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 Zhonghong Pulin Medical Products Co. Ltd. (300981)?
Zhonghong Pulin Medical Products Co. Ltd. reported trailing-twelve-month revenue of about 2.3B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 300981?
The net profit margin of Zhonghong Pulin Medical Products Co. Ltd. is about -5.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Zhonghong Pulin Medical Products Co. Ltd. pay a dividend?
Zhonghong Pulin Medical Products Co. Ltd. currently shows a dividend yield of about 3.26% relative to its recent price (as of Aug 13, 2026).

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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