Hunan Corun New Energy Co (600478) Fair Value & Analysis
Industrials · CN · Market cap 8.4B CNY
Fair value as of: Aug 9, 2026
From 26 valuation models · updated yesterday
Fair value updated Aug 9, 2026, revised from ¥1.77 to ¥1.74 (−1.7%) since Jul 11, 2026. Share price +4.2% over the past month.
A solid business, but screening 65% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥2.18). The favourable scenario is already priced in.
- Solid but not exceptional quality (52/100) 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 9, 2026.
How to read this chart
60‑month range ¥3.09 – ¥11.65 · fair‑value band ¥1.31 – ¥2.18 · the ¥4.97 price screens above the ¥1.74 fair value. Dashed = 300-day average. As of Aug 9, 2026.
Analysis
Hunan Corun New Energy Co (600478) currently trades at ¥4.97, while our model-based Fair Value estimate is ¥1.74, implying the stock looks roughly 65.0% overvalued today. The Quality Score stands at 52/100 (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, Hunan Corun New Energy Co generated revenue of 5.8B CNY at a net margin of 2.5%. Revenue grew 2.5% year over year. It earns a return on equity of 2.0%. Net debt stands at 742M CNY. Fundamentals as of Aug 9, 2026
Our scenario range runs from ¥1.31 (bear case) to ¥2.18 (bull case); at ¥4.97, 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 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -65%, 600478 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: Growth DCF (¥4.31) versus Asset-Based (¥1.15). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · 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
Hunan Corun New Energy Co., Ltd., together with its subsidiaries, engages in the energy storage, and lithium and nickel batteries sectors in China and internationally.
Full company description
Hunan Corun New Energy Co., Ltd., together with its subsidiaries, engages in the energy storage, and lithium and nickel batteries sectors in China and internationally. The company offers battery-grade lithium carbonate; consumer lithium batteries comprising shared charging cabinets, sweeper batteries, electric two-wheeler lithium batteries, and electric scooter lithium batteries; and generation and grid side, commercial and industrial, and behind-the-meter energy storage products. It also provides nickel battery materials consisting of continuous strip nickel and omni-directional conductive foams, punched and nickel-plated steel strips, nickel strips, hydrogen storage alloy materials, tin-plated copper strips, and tin-plate PI films; nickel battery components, such as battery positive and negative plates; nickel vehicle power battery products, including passenger car battery energy packs, and battery modules and cells; nickel battery energy packs for rail transit; and nickel battery management systems. In addition, the company mines for lithium deposits; trades in non-ferrous metals; and undertakes energy storage projects. Further, it engages in manufacturing; technology research and development; car rental and sales; scientific research and technical services; construction; and wholesale and retail trade activities. The company exports its products. Hunan Corun New Energy Co., Ltd. was incorporated in 1998 and is headquartered in Chenzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hunan Corun New Energy Co reported revenue of ¥5.7B in FY2025 versus ¥3.1B in FY2021, a compound +17.1%/yr. Reported net income was ¥140M in FY2025, compounding +35.1%/yr from FY2021.
600478 screens 65% 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.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$675.50 | HK$391.44 | -42% |
| ABB Ltd ABBN | CHF 83.82 | CHF 35.46 | -58% |
| Delta Electronics (Thailand) Public Company TDED | 10.16 SGD | 1.47 SGD | -86% |
| LG Energy Solution, Ltd 373220 | 334,000 KRW | 201,455 KRW | -40% |
| WEG S.A WEGE3 | 13,210 ARS | 7,948 ARS | -40% |
| Sungrow Power Supply Co 300274 | ¥114.79 | ¥123.83 | +8% |
| Shenzhen Inovance Technology Co 300124 | ¥63.43 | ¥33.04 | -48% |
| HD Hyundai Electric Co 267260 | 823,000 KRW | 371,133 KRW | -55% |
| LS ELECTRIC Co 010120 | 190,000 KRW | 31,517 KRW | -83% |
| Sieyuan Electric Co 002028 | ¥151.73 | ¥71.69 | -53% |
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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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