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Jiangsu High Hope International Group (600981) Fair Value & Analysis

Industrials · CN · Market cap 5.4B CNY

JH Jiangsu High Hope International Group 600981 · SHG
Price¥2.39
Fair Value¥1.39
Upside-41.8%
Quality53/100
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Healthy Growth
Loss-making · 0.0% net margin
Moderate debt · generates free cash flow
0.41% dividend yield
Trails peers (4/13)
Narrow moat 14/100
Evidence: High Range ¥1.39 – ¥1.39 Share as image

Fair value as of: Aug 9, 2026

From 12 valuation models · updated yesterday

Fair value updated Aug 9, 2026, revised from ¥0.1200 to ¥1.39 (+1,058.3%) since Jul 25, 2026. Share price +9.6% 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 (¥1.39). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥3.83 ¥1.56 Fair Value ¥1.39 Mar 2021 Aug 2026

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 ¥1.56 – ¥3.83 · the ¥2.39 price screens above the ¥1.39 fair value. Dashed = 300-day average. As of Aug 9, 2026.

Full chart & analysis →

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Analysis

Jiangsu High Hope International Group (600981) currently trades at ¥2.39, while our model-based Fair Value estimate is ¥1.39, implying the stock looks roughly 41.8% overvalued today. The Quality Score stands at 53/100 (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).

Trailing-twelve-month revenue stands at 57.1B CNY. Revenue grew 16.4% year over year. It earns a return on equity of 0.2%. Net debt stands at 6.7B CNY. Fundamentals as of Aug 9, 2026

The share trades about 42% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -14% fair-value upside, at -42%, 600981 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥3.90 ¥6.02 ¥9.51 80
Residual Income ¥1.49 ¥1.37 ¥0.9100 76
Gordon GGM ¥1.39 ¥2.76 ¥4.18 70
All 12 models by family
DCF Models
Owner Earnings ¥1.90 ¥2.59 ¥3.77 31
5Y P/E Exit ¥2.09 ¥2.36 ¥2.62 38
10Y P/E Exit ¥2.70 ¥3.19 ¥3.77 35
Earnings-Based
Graham-Dodd ¥0.0500 ¥0.2400 ¥0.3300 54
Lynch FV ¥0.0700 ¥0.0900 ¥0.1200 50
Dividend Discount
Gordon GGM ¥1.39 ¥2.76 ¥4.18 70
DDM Multi-Stage ¥1.39 ¥2.39 ¥2.91 61
Multiples
P/E Multiple ¥0.1200 ¥0.1600 ¥0.1900 63
P/B Multiple ¥0.0900 ¥0.1200 ¥0.1500 55
Asset-Based
NCAV (Graham) ¥1.12 ¥1.50 ¥2.24 50
Growth DCF
Growth DCF ¥3.90 ¥6.02 ¥9.51 80
Economic Profit
Residual Income ¥1.49 ¥1.37 ¥0.9100 76

Widest divergence: Growth DCF (¥6.02) versus Earnings-Based (¥0.0900). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 57.1B CNY
Revenue growth (YoY) +16.4%
Net margin 0.0%
Return on equity 0.2%
Free cash flow 507M CNY FY2025
P/E ratio 239.0
More key figures
Operating margin 0.8%
EPS (TTM) ¥0.0100
Dividend yield 0.4%
EPS growth (YoY) +14,667%
Net debt 6.7B CNY FY2025

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 52 · Market factors (momentum, volatility) 28

Profitability 32
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 94
Buybacks instead of dilution

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

Jiangsu High Hope International Group Corporation engages in trade, real estate, investment, logistics, manufacturing, services, etc. businesses in China and internationally.

Full company description

Jiangsu High Hope International Group Corporation engages in trade, real estate, investment, logistics, manufacturing, services, etc. businesses in China and internationally. It is involved in the cold-chain logistics business that integrates warehousing, logistics, processing, display, trade, and other functions; healthcare supply chain business; and import and export of home textiles, knitted clothing, woven clothing products, wood building materials, hardware and minerals, wastepaper, scrap steel, paper pulp, textiles and clothing, medicine, minerals, fresh food, and electromechanical equipment. The company also offers electronic products and accessories. In addition, it engages in industrial and fund investment, supply chain finance, and financial asset management activities. The company was founded in 1996 and is headquartered in Nanjing, China. Jiangsu High Hope International Group Corporation is a subsidiary of Jiangsu Suhui Asset Management Co. Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu High Hope International Group reported revenue of ¥55.3B in FY2025 versus ¥45.3B in FY2021, a compound +5.1%/yr. Reported net income was ¥15.8M in FY2025, compounding −49.8%/yr from FY2021.

Growth Quality 72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
55.3B CNY
Latest YoY
+2.0%
Avg. growth/yr (3Y)
+5.0%
Avg. growth/yr (5Y)
+8.5%
Avg. growth/yr (24Y)
+15.4%
Revenue +5.1%/yr
FY21 ¥45.3B
FY22 ¥47.8B
FY23 ¥49.8B
FY24 ¥54.2B
FY25 ¥55.3B
Net income −49.8%/yr
FY21 ¥249M
FY22 −¥500M
FY23 −¥78.8M
FY24 ¥29.4M
FY25 ¥15.8M

600981 screens 42% overvalued. Compare with CITIC Limited →

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Cite: Fair Value Calculator (2026). "Jiangsu High Hope International Group Fair Value". https://www.fairvalue-calculator.com/stock/600981

Peer Group

Conglomerates · 370 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.

Quality Score 53 · Above median
Fair Value upside −42% · Below median
Return on equity (TTM) 0% · Below median
Return on assets 0% · Below median
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth 16% · Top 25%
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.60× · Higher than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 239.0× · Pricier than 75% of peers
P/B 0.16× · Cheaper than 75% of peers
P/S (TTM) 0.01× · Cheaper than 75% of peers
P/FCF 1.6× · Pricier than median

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 · sector 21
FUTURE 82 · sector 16
PAST 1 · sector 20
HEALTH 70 · sector 88
DIVIDEND 8 · sector 39

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
CITIC Limited 0267 HK$11.28 HK$22.56 +100%
SK Inc 034730 580,000 KRW 497,919 KRW -14%
PT Astra International Tbk, ASII 4,810 IDR 9,620 IDR +100%
The Siam Cement Public Company SCC 254.00 THB 199.40 THB -21%
SRF Limited SRF ₹2,875 ₹1,053 -63%
Empresas Copec S.A COPEC 6,330 CLP 10,879 CLP +72%
Posco International Corporation 047050 50,900 KRW 61,248 KRW +20%
Tube Investments of India Limited TIINDIA ₹2,940 ₹559.30 -81%
Doosan Corporation 000155 464,000 KRW 75,620 KRW -84%
Thermax Limited THERMAX ₹4,809 ₹1,087 -77%

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Frequently asked questions

Is Jiangsu High Hope International Group (600981) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥1.39 versus a price of ¥2.39, about −42% (overvalued).
What is the fair value of 600981?
Our model-based fair value for Jiangsu High Hope International Group is ¥1.39 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥2.39.
What is the quality score of 600981?
Jiangsu High Hope International Group has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Jiangsu High Hope International Group (600981)?
Jiangsu High Hope International Group reported trailing-twelve-month revenue of about 57.1B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600981?
The net profit margin of Jiangsu High Hope International Group is about 0.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Jiangsu High Hope International Group pay a dividend?
Jiangsu High Hope International Group currently shows a dividend yield of about 0.36% relative to its recent price (as of Aug 9, 2026).

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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