Bright Oceans Inter-Telecom Corporation (600289) Fair Value & Analysis
Technology · CN · Market cap 2.8B CNY
Fair value as of: Aug 7, 2026
From 7 valuation models · updated 3 days ago
Share price −20.7% over the past month.
A solid business, but screening 42% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥2.91). The favourable scenario is already priced in.
- Solid but not exceptional quality (54/100) 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 7, 2026.
How to read this chart
60‑month range ¥1.09 – ¥9.18 · fair‑value band ¥2.17 – ¥2.91 · the ¥4.40 price screens above the ¥2.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 7, 2026.
Analysis
Bright Oceans Inter-Telecom Corporation (600289) currently trades at ¥4.40, while our model-based Fair Value estimate is ¥2.54, implying the stock looks roughly 42.3% overvalued today. The Quality Score stands at 54/100 (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, Bright Oceans Inter-Telecom Corporation generated revenue of 728M CNY at a net margin of -67.2%. It earns a return on equity of -46.2%. The balance sheet holds a net cash position of 826M CNY. Fundamentals as of Aug 7, 2026
Our scenario range runs from ¥2.17 (bear case) to ¥2.91 (bull case); at ¥4.40, 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 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -42%, 600289 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 7 models by family
Widest divergence: Growth DCF (¥2.50) versus Asset-Based (¥1.01). Highest evidence: Growth DCF (72).
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 56 · Market factors (momentum, volatility) 27
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
Bright Oceans Inter-Telecom Corporation engages in the computer and communications business in China. It operates through three segments: Computer and Communications Business, Intelligent Transportation Business, and E-Commerce Business.
Full company description
Bright Oceans Inter-Telecom Corporation engages in the computer and communications business in China. It operates through three segments: Computer and Communications Business, Intelligent Transportation Business, and E-Commerce Business. The company is involved in the research and development, production, sale, and service of communication technology, network technology, and hardware products; development, production, sale, and system integration of computer software and hardware technologies; and consulting, design, construction, management, operation, and maintenance of highway electromechanical systems and urban intelligent transportation systems. It also provides software and hardware solutions for operation control system, business management support system, visual decision-making process scheduling system, etc.; and digital solutions and integration services. The company serves telecommunications, energy, government, finance, and rail transit industries. Bright Oceans Inter-Telecom Corporation was founded in 1995 and is headquartered in Harbin, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Bright Oceans Inter-Telecom Corporation reported revenue of ¥311M in FY2025 versus ¥393M in FY2021, a compound −5.7%/yr. Reported net income was −¥468M in FY2025.
600289 screens 42% overvalued. Compare with SAP SE →
Peer Group
Software - Application · 709 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 Software - Application 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 Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 7, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAPS | C$12.69 | C$16.26 | +28% |
| Shopify Inc SHOP | C$173.23 | C$20.54 | -88% |
| Uber Technologies, Inc UBER | $72.67 | $51.11 | -30% |
| Salesforce, Inc CRM | $170.77 | $182.10 | +7% |
| ServiceNow, Inc NOW | $107.71 | $33.12 | -69% |
| Cadence Design Systems, Inc CDNS | $384.17 | $80.41 | -79% |
| Snowflake Inc SNOW | $271.87 | $34.04 | -87% |
| Adobe Inc ADBE | $230.61 | $379.48 | +65% |
| Automatic Data Processing, Inc ADP | $241.92 | $177.51 | -27% |
| Intuit Inc INTU | $291.09 | $258.69 | -11% |
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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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