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Changchun Zhiyuan New Energy Equipment Co. Ltd (300985) fair value: what the stock is really worth

As of Sep 22, 2026: fair value of Changchun Zhiyuan New Energy Equipment Co. Ltd ¥8.38, price ¥40.64, upside -79.4%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · CN · ISIN CNE100004KW0

CZ Thin data Sep 23, 2026

Changchun Zhiyuan New Energy Equipment Co. Ltd

300985 · SHE

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Weakest SetupStrongly overvalued and low quality.

!Fair value ¥8.38 · Strongly overvalued (−79%)
!Quality 47/100
!Expensive Growth (revenue 5y +5.2 %/yr)
!Loss-making · -3.1% net margin (TTM)
!Moderate debt · negative free cash flow
!Trails peers (3/12)
!Narrow moat 18/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 10 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

¥56.47 ¥13.40 Fair Value ¥8.38 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range ¥13.40 – ¥56.47 · fair‑value band ¥4.46 – ¥12.28 · the ¥40.64 price screens above the ¥8.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Changchun Zhiyuan New Energy Equipment Co., Ltd, together with its subsidiaries, engages in the research and development, production, and sale of vehicle-mounted liquefied natural gas (LNG) gas supply systems and marine LNG fuel gas supply systems in China and internationally.

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Changchun Zhiyuan New Energy Equipment Co., Ltd, together with its subsidiaries, engages in the research and development, production, and sale of vehicle-mounted liquefied natural gas (LNG) gas supply systems and marine LNG fuel gas supply systems in China and internationally. The company provides vehicle-mounted LNG gas, marine gas, and LNG barge bunkering systems; cryogenic storage tanks; welded insulated gas cylinders; small low temperature gas supply tanks; and LNG refrigerated liquefied gas tank containers. Its products are used in heavy trucks, engineering vehicles, other commercial vehicles, and inland water transport ships. The company was founded in 2014 and is based in Changchun, China. Changchun Zhiyuan New Energy Equipment Co., Ltd operates as a subsidiary of Changchun Huifeng Automotive Gear Co., Ltd.

Stock analysis

Changchun Zhiyuan New Energy Equipment Co. Ltd (300985) currently trades at ¥40.64, while our model-based Fair Value estimate is ¥8.38, implying the stock looks roughly 385.0% overvalued today.

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Valuation

How firm this estimate is: it rests on 6 models at a data quality of 94/100, which puts the evidence level at low.

Scenario range: ¥4.46 (bear) to ¥12.28 (bull), the price of ¥40.64 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 47/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Changchun Zhiyuan New Energy Equipment Co. Ltd reported revenue of 1.7B CNY in FY2025 versus 394M CNY in FY2021, a compound +44.1%/yr. Reported net income was −42.8M CNY in FY2025.

Key figures

Market cap 7.6B CNY (≈ $1.1B) · P/S ratio 3.62 · EPS (TTM) ¥−0.2900 · Dividend yield 0.5% · Net margin −2.5% · Return on equity −5.8% · Return on assets (EBIT) −1.2% · Operating margin 4.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 28% below its 52-week high and 136% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −79%, 300985 screens richer than that median.

Fair Value models

Bear ¥4.46 Fair Value ¥8.38 Bull ¥12.28
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EV/EBITDA ¥3.76 ¥5.71 ¥7.67 66
EV/EBIT n/a ¥0.4600 ¥1.10 61
NCAV (Graham) ¥2.34 ¥3.14 ¥4.68 54
All 4 models by family
Multiples
EV/EBIT n/a ¥0.4600 ¥1.10 61
EV/EBITDA ¥3.76 ¥5.71 ¥7.67 66
EV/Revenue n/a n/a ¥0.4500 50
Asset-Based
NCAV (Graham) ¥2.34 ¥3.14 ¥4.68 54

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Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 74

Profitability 15
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 97
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 80
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 23/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+47.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+117.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.2%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+27.0%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
21.2% (2020) → 1.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

300985 screens 385% overvalued. Compare with Carpenter Technology Corporation →

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Peer Groupⓘ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.Metal Fabrication · 262 stocks

Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside −79% · Bottom 25%
Profitability
Return on assets −1% · Bottom 25%
Net margin (TTM) −3% · Bottom 25%
Operating margin (TTM) 5% · Below median
Growth and dividend
Revenue growth 14% · Above median
Dividend yield (TTM) 0.5% · Below median
Balance sheet
Debt / equity 0.57× · Highest 25%

Valuation Multiplesvs Metal Fabrication median · lower = cheaper

P/B 1.30× · Cheaper than median
P/S (TTM) 0.64× · Cheaper than median
EV/EBITDA 53.6× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)71 · sector 34
PAST (return on equity)0 · sector 20
HEALTH (low debt)71 · sector 95
DIVIDEND (yield)10 · sector 24

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

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Aurubis AG NDA €171.10 €109.36 −36%
China International Marine Containers (Group) Co 000039 ¥9.02 ¥12.34 +37%
Commercial Metals Company CMC $65.00 $13.01 −80%
JL Mag Rare-Earth Co 300748 ¥25.84 ¥5.68 −78%
Viohalco S.A VIO €17.66 €16.01 −9%
ESAB Corporation ESAB $68.44 $56.92 −17%
Ningbo Zhenyu Technology Co 300953 ¥95.18 ¥44.23 −54%

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Changchun Zhiyuan New Energy Equipment Co. Ltd · Fair Value
¥8.38 −385%Fair Value
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Cite: Fair Value Calculator (2026). "Changchun Zhiyuan New Energy Equipment Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300985

Frequently asked questions

Is Changchun Zhiyuan New Energy Equipment Co. Ltd (300985) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of ¥8.38 versus a price of ¥40.64, about −79% upside (overvalued).
What is the fair value of 300985?
Our model-based fair value for Changchun Zhiyuan New Energy Equipment Co. Ltd is ¥8.38 (as of Sep 23, 2026), built from audited fundamentals. The current price: ¥40.64.
What is the quality score of 300985?
Changchun Zhiyuan New Energy Equipment Co. Ltd has a Quality Score of 47/100. 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 price target for Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
Our model-based price target is the fair value of ¥8.38 (as of Sep 23, 2026) from 4 valuation models. Cautious scenario ¥4.46, optimistic scenario ¥12.28. It is a calculation from audited fundamentals, not an analyst target.
What is the Changchun Zhiyuan New Energy Equipment Co. Ltd stock forecast for 2026?
Our models put fair value at ¥8.38, about −79% upside versus a price of ¥40.64 (overvalued). Cautious scenario ¥4.46, optimistic scenario ¥12.28. The calculation is refreshed regularly with new filings.
What is the revenue of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
Changchun Zhiyuan New Energy Equipment Co. Ltd reported trailing-twelve-month revenue of about 1.8B CNY (latest available figure, as of Sep 23, 2026).
Does Changchun Zhiyuan New Energy Equipment Co. Ltd pay a dividend?
Changchun Zhiyuan New Energy Equipment Co. Ltd currently shows a dividend yield of about 0.51% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Changchun Zhiyuan New Energy Equipment Co. Ltd it is ¥8.38 per share (as of Sep 23, 2026), against a price of ¥40.64. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Changchun Zhiyuan New Energy Equipment Co. Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 300985 trades above its calculated fair value: price ¥40.64, fair value ¥8.38, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 300985?
No. The price is what the market pays today (¥40.64); the fair value is what the company's own numbers justify (¥8.38). For Changchun Zhiyuan New Energy Equipment Co. Ltd the two are ¥32.26 per share apart. That gap is exactly why we show both numbers side by side.
How much is Changchun Zhiyuan New Energy Equipment Co. Ltd worth?
The market values Changchun Zhiyuan New Energy Equipment Co. Ltd at about 7.6B CNY (market capitalisation, as of Sep 23, 2026). Per share that is ¥40.64; our models calculate a fair value of ¥8.38 per share.
What do the bullish and bearish scenarios say about 300985?
Our models span a range for Changchun Zhiyuan New Energy Equipment Co. Ltd: cautious scenario ¥4.46, base ¥8.38, optimistic ¥12.28 per share (as of Sep 23, 2026, price ¥40.64). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
Balance-sheet figures for Changchun Zhiyuan New Energy Equipment Co. Ltd (as of Sep 23, 2026): return on equity −5.8%, debt of 0.57 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 300985 from its 52-week high?
Changchun Zhiyuan New Energy Equipment Co. Ltd trades at ¥40.64, about 28% below its 52-week high of ¥56.47 and 136% above the low of ¥17.24 (as of Sep 22, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.38 is for.
Which stocks are comparable to Changchun Zhiyuan New Energy Equipment Co. Ltd?
From the same area (Industrials) we also value Carpenter Technology Corporation, ATI Inc, Mueller Industries, Inc, Aurubis AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Changchun Zhiyuan New Energy Equipment Co. Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price ¥40.64, calculated fair value ¥8.38 (−79%), Quality Score 47/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 300985 calculated?
We run Changchun Zhiyuan New Energy Equipment Co. Ltd through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥8.38, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Changchun Zhiyuan New Energy Equipment Co. Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
The closing price on Sep 22, 2026 was ¥40.64. Our model-based fair value is ¥8.38, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Changchun Zhiyuan New Energy Equipment Co. Ltd right now?
The price sits above even our optimistic bull case (¥12.28). The favourable scenario is already priced in. The model range is unusually wide (¥4.46 to ¥12.28). 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. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Changchun Zhiyuan New Energy Equipment Co. Ltd

How large is the market capitalisation of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
The market capitalisation of Changchun Zhiyuan New Energy Equipment Co. Ltd is 7.6B CNY (≈ $1.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
The price-to-sales ratio of Changchun Zhiyuan New Energy Equipment Co. Ltd is 3.62 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
Earnings per share at Changchun Zhiyuan New Energy Equipment Co. Ltd are ¥−0.2900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
The dividend yield of Changchun Zhiyuan New Energy Equipment Co. Ltd is 0.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
The net margin of Changchun Zhiyuan New Energy Equipment Co. Ltd is −2.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
The return on equity (ROE) of Changchun Zhiyuan New Energy Equipment Co. Ltd is −5.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
On an EBIT basis the return on assets of Changchun Zhiyuan New Energy Equipment Co. Ltd is −1.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
The operating margin of Changchun Zhiyuan New Energy Equipment Co. Ltd is 4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
Revenue at Changchun Zhiyuan New Energy Equipment Co. Ltd is growing +14.1% versus a year earlier (3y avg +117%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Changchun Zhiyuan New Energy Equipment Co. Ltd (300985)?
Earnings per share at Changchun Zhiyuan New Energy Equipment Co. Ltd are growing −49.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Changchun Zhiyuan New Energy Equipment Co. Ltd (300985) generate?
The free cash flow of Changchun Zhiyuan New Energy Equipment Co. Ltd is −304M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Changchun Zhiyuan New Energy Equipment Co. Ltd (300985) carry?
The net debt of Changchun Zhiyuan New Energy Equipment Co. Ltd is 678M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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