Qian Jiang Water Resources Development Co (600283) Fair Value & Analysis
Utilities · CN · Market cap 4.5B CNY
Fair value as of: Aug 7, 2026
From 17 valuation models · updated yesterday
Share price −7.4% over the past month.
Below-average quality, and screening another 29% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥7.29). The favourable scenario is already priced in.
- Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (¥3.93 to ¥7.29) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.
How to read this chart
60‑month range ¥6.96 – ¥14.94 · fair‑value band ¥3.93 – ¥7.29 · the ¥7.88 price screens above the ¥5.61 fair value. Dashed = 300-day average. As of Aug 7, 2026.
Analysis
Qian Jiang Water Resources Development Co (600283) currently trades at ¥7.88, while our model-based Fair Value estimate is ¥5.61, implying the stock looks roughly 28.8% overvalued today. We read business quality at 35/100 (below-average quality), in the Utilities 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, Qian Jiang Water Resources Development Co generated revenue of 2.6B CNY at a net margin of 7.8%. Revenue grew 5.6% year over year. It earns a return on equity of 7.2%. Net debt stands at 2.2B CNY. Fundamentals as of Aug 7, 2026
Our scenario range runs from ¥3.93 (bear case) to ¥7.29 (bull case); at ¥7.88, 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 26% below its 52-week high, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -10% fair-value upside, at -29%, 600283 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 17 models by family
Widest divergence: Multiples (¥7.50) versus Asset-Based (¥3.75). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 31 · Market factors (momentum, volatility) 41
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
Qian Jiang Water Resources Development Co.,Ltd, together with its subsidiaries, produces and supplies tap water in China. The company engages in the water production and supply industry, sewage treatment, and water-related supporting projects; construction and other related businesses.
Full company description
Qian Jiang Water Resources Development Co.,Ltd, together with its subsidiaries, produces and supplies tap water in China. The company engages in the water production and supply industry, sewage treatment, and water-related supporting projects; construction and other related businesses. It also operates water industry chain, including raw water, water transmission, water production, municipal water supply, sewage treatment, sludge disposal, and water-related chemicals; urban and rural water supply, water supply and drainage, construction and operation, and industrial park sewage treatment; as well as investment activities. Qian Jiang Water Resources Development Co.,Ltd, was founded in 1998 and is headquartered in Hangzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Qian Jiang Water Resources Development Co reported revenue of ¥2.6B in FY2025 versus ¥1.5B in FY2021, a compound +13.5%/yr. Reported net income was ¥216M in FY2025, compounding +9.4%/yr from FY2021.
600283 screens 29% overvalued. Compare with American Water Works Company →
Peer Group
Utilities - Regulated Water · 67 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 Utilities - Regulated Water 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 Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate (as of Aug 7, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| American Water Works Company AWK | $134.33 | $65.80 | -51% |
| SBSP3 SBSP3 | R$29.22 | R$31.23 | +7% |
| SBS SBS | $5.79 | $5.21 | -10% |
| Essential Utilities, Inc WTRG | $38.59 | $21.81 | -43% |
| CSMG3 CSMG3 | R$66.10 | R$60.17 | -9% |
| Grandblue Environment Co 600323 | ¥29.42 | ¥33.29 | +13% |
| American States Water Company AWR | $85.01 | $48.02 | -44% |
| Chengdu Xingrong Environment Co 000598 | ¥6.97 | ¥10.74 | +54% |
| California Water Service Group CWT | $49.73 | $33.56 | -33% |
| Chongqing Water Group 601158 | ¥4.12 | ¥2.77 | -33% |
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Frequently asked questions
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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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