Langfang Development Co (600149) Fair Value & Analysis
Technology · CN · Market cap 1.8B CNY
Fair value as of: Aug 6, 2026
From 26 valuation models · updated 4 days ago
Share price +6.0% over the past month.
A solid business, but screening 83% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥1.06). The favourable scenario is already priced in.
- Solid but not exceptional quality (58/100) 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 Aug 6, 2026.
How to read this chart
60‑month range ¥3.07 – ¥7.41 · fair‑value band ¥0.6400 – ¥1.06 · the ¥4.92 price screens above the ¥0.8500 fair value. Dashed = 300-day average. As of Aug 6, 2026.
Analysis
Langfang Development Co (600149) currently trades at ¥4.92, while our model-based Fair Value estimate is ¥0.8500, implying the stock looks roughly 82.7% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Technology 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: medium).
Over the trailing twelve months, Langfang Development Co generated revenue of 200M CNY at a net margin of 8.0%. Revenue grew 0.3% year over year. It earns a return on equity of 10.9%. The balance sheet holds a net cash position of 215M CNY. Fundamentals as of Aug 6, 2026
Our scenario range runs from ¥0.6400 (bear case) to ¥1.06 (bull case); at ¥4.92, 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 36% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at -83%, 600149 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 26 models by family
Widest divergence: DCF Models (¥1.85) versus Dividend Discount (¥0.0700). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 36
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
Langfang Development Co., Ltd. provides electronic products and network technology services in China. The company also offers heating and steam services for residents, and commercial and industrial users; real estate consulting; business management consulting; and interior decoration and design services.
Full company description
Langfang Development Co., Ltd. provides electronic products and network technology services in China. The company also offers heating and steam services for residents, and commercial and industrial users; real estate consulting; business management consulting; and interior decoration and design services. In addition, it engages in the development and operation of real estate properties; manufacture of refrigeration and air-conditioning equipment; and planning, design, construction, and operation of thermal systems. The company was formerly known as C&T Technology Development CO., LTD and changed its name to Langfang Development Co., Ltd. Langfang Development Co., Ltd. was founded in 1958 and is based in Langfang, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Langfang Development Co reported revenue of ¥200M in FY2025 versus ¥221M in FY2021, a compound −2.4%/yr. Reported net income was ¥15.4M in FY2025, compounding +65.9%/yr from FY2021.
600149 screens 83% overvalued. Compare with TD SYNNEX Corporation →
Peer Group
Electronics & Computer Distribution · 151 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 Electronics & Computer Distribution 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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| TD SYNNEX Corporation SNX | $251.52 | $207.02 | -18% |
| Unisplendour Corporation 000938 | ¥38.59 | ¥11.79 | -69% |
| Rexel S.A RXL | €38.59 | €33.31 | -14% |
| Arrow Electronics, Inc ARW | $204.10 | $115.40 | -43% |
| Avnet, Inc AVT | $87.13 | $58.57 | -33% |
| WPG Holdings 3702 | 106.50 TWD | 102.31 TWD | -4% |
| Shenzhen Huaqiang Industry Co 000062 | ¥22.37 | ¥7.52 | -66% |
| Synnex Technology International Corporation 2347 | 85.30 TWD | 86.30 TWD | +1% |
| Nanjing Sunlord Electronics Corporation 300975 | ¥37.37 | ¥8.60 | -77% |
| Beijing Tricolor Technology Co 603516 | ¥106.52 | ¥23.39 | -78% |
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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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