Runa Smart Equipment Co (301129) Fair Value & Analysis

Industrials · CN · Market cap 3.2B CNY

A solid business, but screening 31% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥17.82). The favourable scenario is already priced in.
• Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.

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

57‑month range ¥12.01 – ¥48.66 · fair‑value band ¥10.72 – ¥17.82 · the ¥20.92 price screens above the ¥14.48 fair value. Dashed = 300-day average. As of Jul 9, 2026.

Full chart & analysis →

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Analysis

Runa Smart Equipment Co (301129) currently trades at ¥20.92, while our model-based Fair Value estimate is ¥14.48, implying the stock looks roughly 30.8% overvalued today. The Quality Score stands at 62/100 (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, Runa Smart Equipment Co generated revenue of 545M CNY at a net margin of 20.0%. Revenue grew 36.1% year over year. It earns a return on equity of 6.1%. The balance sheet holds a net cash position of 154M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥10.72 (bear case) to ¥17.82 (bull case); at ¥20.92, 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 40% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -31%, 301129 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.

Widest divergence: Growth Earnings (¥17.13) versus Asset-Based (¥9.08). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Runa Smart Equipment Co., Ltd. provides smart heating solutions in China. It offers metering control, energy-consumption analysis, heating network monitoring, dispatching command and management, central control console, whole network balance, geographic information, customer service, operation and maintenance management, equipment management, room …

Full company description

Runa Smart Equipment Co., Ltd. provides smart heating solutions in China. It offers metering control, energy-consumption analysis, heating network monitoring, dispatching command and management, central control console, whole network balance, geographic information, customer service, operation and maintenance management, equipment management, room temperature prediction, and AI algorithm training systems products. The company also provides modular heat exchangers, ultrasonic heat meters smart IoT data terminals, intelligent control cabinets, intelligent balancing valves, and intelligent temperature control products. In addition, it offers energy-saving heating, room temperature monitoring, metering control plan, energy performance contract, pipeline network safety monitoring program, and second network intelligent balancing solutions, as well as intelligent control solutions for thermal power station. The company was founded in 2008 and is based in Hefei, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Runa Smart Equipment Co reported revenue of ¥540M in FY2025 versus ¥530M in FY2021, a compound +0.5%/yr. Reported net income was ¥109M in FY2025, compounding −10.7%/yr from FY2021.

301129 screens 31% overvalued. Compare with Contemporary Amperex Technology Co →

Peer Group

Electrical Equipment & Parts · 528 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 Electrical Equipment & Parts 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.