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Changchun Zhiyuan New Energy Equipment Co (300985) Fair Value & Analysis

Industrials · CN · Market cap 6.4B CNY

CZ Changchun Zhiyuan New Energy Equipment Co 300985 · SHE
Price¥33.70
Fair Value¥53.92
Upside+60.0%
Quality47/100
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Expensive Growth
Loss-making · -3.1% net margin
Moderate debt · negative free cash flow
Trails peers (4/11)
Narrow moat 18/100
Evidence: Low Range ¥28.70 – ¥79.01 Share as image

Fair value as of: Jul 9, 2026

From 4 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥21.06 to ¥53.92 (+156.0%) since Jun 24, 2026. Share price −40.3% over the past month.

Below-average quality, screening 60% undervalued on our models.

What matters now

  • The model range is unusually wide (¥28.70 to ¥79.01). 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 quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

¥56.47 ¥13.40 Fair Value ¥53.92 Apr 2021 Aug 2026

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 ¥13.40 – ¥56.47 · fair‑value band ¥28.70 – ¥79.01 · the ¥33.70 price screens below the ¥53.92 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Changchun Zhiyuan New Energy Equipment Co (300985) currently trades at ¥33.70, while our model-based Fair Value estimate is ¥53.92, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Changchun Zhiyuan New Energy Equipment Co generated revenue of 1.8B CNY at a net margin of -3.1%. Revenue grew 14.1% year over year. It earns a return on equity of -5.8%. Net debt stands at 678M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥28.70 (bear case) to ¥79.01 (bull case); at ¥33.70, the current price sits within 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 3% below its 52-week high and 105% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at 60%, 300985 screens cheaper 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 BearBaseBull Evidence
Highest evidence
EV/EBITDA ¥3.76 ¥5.71 ¥7.67 54
EV/EBIT ¥0.4600 ¥1.10 53
NCAV (Graham) ¥2.34 ¥3.14 ¥4.68 50
All 4 models by family
Multiples
EV/EBIT ¥0.4600 ¥1.10 53
EV/EBITDA ¥3.76 ¥5.71 ¥7.67 54
EV/Revenue ¥0.4500 43
Asset-Based
NCAV (Graham) ¥2.34 ¥3.14 ¥4.68 50

Widest divergence: Asset-Based (¥3.14) versus Multiples (¥0.4600). Highest evidence: EV/EBITDA (54).

Key figures & financial health

Revenue (TTM) 1.8B CNY
Revenue growth (YoY) +14.1%
Net margin -3.1%
Return on equity -5.8%
Free cash flow −304M CNY FY2025
Operating margin 4.9%
More key figures
EPS (TTM) ¥-0.2900
EPS growth (YoY) -49.6%
Net debt 678M CNY FY2025

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 80

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 100
Price trend over the last 3–12 months (market factor)
52W Momentum 97
Distance to the 52-week high (market factor)
Net Issuance 80
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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

Growth Quality 23/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.7B CNY
Latest YoY
+47.4%
Avg. growth/yr (3Y)
+117.1%
Avg. growth/yr (5Y)
+5.2%
Avg. growth/yr (8Y)
+27.0%
Revenue +44.1%/yr
FY21 ¥394M
FY22 ¥166M
FY23 ¥1.8B
FY24 ¥1.2B
FY25 ¥1.7B
Net income
FY21 ¥19.3M
FY22 −¥51.6M
FY23 ¥56.2M
FY24 −¥192M
FY25 −¥42.8M

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Cite: Fair Value Calculator (2026). "Changchun Zhiyuan New Energy Equipment Co Fair Value". https://www.fairvalue-calculator.com/stock/300985

Peer Group

Metal Fabrication · 243 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 47 · Below median
Fair Value upside +60% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) 5% · Below median
Revenue growth 14% · Above median
Debt / equity 0.57× · Higher than 75% of peers

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/B 1.08× · Cheaper than median
P/S (TTM) 0.54× · Cheaper than median
EV/EBITDA 47.0× · Pricier 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.

VALUE 100 · sector 0
FUTURE 71 · sector 35
PAST 0 · sector 21
HEALTH 71 · sector 95
DIVIDEND 0 · sector 25

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

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

Is Changchun Zhiyuan New Energy Equipment Co (300985) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥53.92 versus a price of ¥33.70, about +60% (undervalued).
What is the fair value of 300985?
Our model-based fair value for Changchun Zhiyuan New Energy Equipment Co is ¥53.92 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥33.70.
What is the quality score of 300985?
Changchun Zhiyuan New Energy Equipment Co 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 revenue of Changchun Zhiyuan New Energy Equipment Co (300985)?
Changchun Zhiyuan New Energy Equipment Co reported trailing-twelve-month revenue of about 1.8B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300985?
The net profit margin of Changchun Zhiyuan New Energy Equipment Co is about -3.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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