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Zhejiang Hengtong Holding (600226) Fair Value & Analysis

Industrials · CN · Market cap 22.3B CNY

ZH Zhejiang Hengtong Holding 600226 · SHG
Price¥5.40
Fair Value¥1.08
Upside-80.0%
Quality46/100
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Evidence: High Range ¥0.8100 – ¥1.35 📤 Share as image

Fair value as of: Jul 25, 2026

From 17 valuation models · updated today

Share price −49.0% over the past month.

Price vs Fair Value (12 months)

¥11.20 ¥2.70 Fair Value ¥1.08 Jun 2025 Jul 2026

12‑month range ¥2.70 – ¥11.20 · fair‑value band ¥0.8100 – ¥1.35 · the ¥5.40 price screens above the ¥1.08 fair value. As of Jul 25, 2026.

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Analysis

Zhejiang Hengtong Holding (600226) currently trades at ¥5.40, while our model-based Fair Value estimate is ¥1.08, implying the stock looks roughly 80.0% overvalued today. We read business quality at 46/100 (below-average 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, Zhejiang Hengtong Holding generated revenue of 2.2B CNY at a net margin of 9.4%. Revenue grew 82.2% year over year. It earns a return on equity of 5.6%. The balance sheet holds a net cash position of 248M CNY. Fundamentals as of Jul 25, 2026

Our scenario range runs from ¥0.8100 (bear case) to ¥1.35 (bull case); at ¥5.40, the current price sits above that range. The share trades about 34% below its 52-week high and 107% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -27% fair-value upside, at -80%, 600226 screens richer than that median.

Key figures & financial health

Revenue (TTM) 2.2B CNY
Revenue growth (YoY) +82.2%
Net margin 9.4%
Return on equity 5.6%
Free cash flow −163M CNY FY2024
P/E ratio 107.1
More key figures
Operating margin -1.6%
EPS (TTM) ¥0.0700
Net cash 248M CNY FY2024

Figures from reported company fundamentals (EODHD) · as of Jul 25, 2026. TTM = trailing twelve months.

About the company

Zhejiang Hengtong Holding Co.,Ltd. develops, produces, and sells biological pesticides, veterinary drugs, and animal feed additive products in China and Internationally. The company offers electronic and lithium battery copper foil for use in integrated circuit boards, lithium battery electrodes, and other products, as well as amino acid products. It also engages in the cogeneration of heat and power and central heating, which includes electricity and steam; office and game software development; investment management; and film and television businesses. The company was incorporated in 1999 and is based in Huzhou, China.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Zhejiang Hengtong Holding reported revenue of ¥1.3B in FY2024 versus ¥556M in FY2020, a compound +24.5%/yr. Reported net income was ¥189M in FY2024.

Revenue +24.5%/yr
FY20 ¥556M
FY21 ¥681M
FY22 ¥602M
FY23 ¥648M
FY24 ¥1.3B
Net income
FY20 −¥942M
FY21 ¥375M
FY22 ¥482M
FY23 ¥166M
FY24 ¥189M

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Cite: Fair Value Calculator (2026). "Zhejiang Hengtong Holding Fair Value". https://www.fairvalue-calculator.com/stock/600226

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Frequently asked questions

Is Zhejiang Hengtong Holding (600226) undervalued?
As of Jul 25, 2026, our model estimates a fair value of ¥1.08 versus a price of ¥5.40, about −80% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 600226?
Our model-based fair value for Zhejiang Hengtong Holding is ¥1.08 (as of Jul 25, 2026), built from audited fundamentals. The current price is ¥5.40.
What is the quality score of 600226?
Zhejiang Hengtong Holding has a Quality Score of 46/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Zhejiang Hengtong Holding (600226)?
Zhejiang Hengtong Holding reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Jul 25, 2026).
What is the net profit margin of 600226?
The net profit margin of Zhejiang Hengtong Holding is about 9.4%, meaning it keeps roughly 9.4% of revenue as net income. 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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.