Guizhou Wire Rope Incorporated (600992) Fair Value & Analysis

Basic Materials · CN · Market cap 2.5B CNY

Below-average quality, and screening another 80% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥2.60). The favourable scenario is already priced in.
• Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥5.82 – ¥38.73 · fair‑value band ¥1.56 – ¥2.60 · the ¥10.44 price screens above the ¥2.08 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Guizhou Wire Rope Incorporated (600992) currently trades at ¥10.44, while our model-based Fair Value estimate is ¥2.08, implying the stock looks roughly 80.1% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Basic Materials 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, Guizhou Wire Rope Incorporated generated revenue of 2.1B CNY at a net margin of -0.1%. Revenue declined 5.4% year over year. It earns a return on equity of -0.2%. Net debt stands at 543M CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥1.56 (bear case) to ¥2.60 (bull case); at ¥10.44, 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 40% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -80%, 600992 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.

Widest divergence: Asset-Based (¥4.06) versus Earnings-Based (¥1.48). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Guizhou Wire Rope Incorporated Company researches, produces, processes, and sells steel wire ropes and strands, and related materials and equipment under the Julong brand in China and internationally.

Full company description

Guizhou Wire Rope Incorporated Company researches, produces, processes, and sells steel wire ropes and strands, and related materials and equipment under the Julong brand in China and internationally. The company offers bridge cables; single, four-strand, multi-layer, special-shaped, compacted strand, point contact, parallel twisting, thick diameter, sealed, elevator, flat wire; with, and conveyor belt wire ropes, as well as wire ropes for balance, fishing, and control; commercial steel wires; and PC steel strands, including galvanized, prestressed concrete, and unbonded prestressed steel strands. It also provides wire rope slings comprising braided cable buckles, jointless braided rigging, aluminum alloy pressed joints, limb rigging, limb rigging sets, and hot and cold castings. The company serves the marine and military engineering, petroleum, ship, port and dock, bridge, large venue, manned ropeway, coal, metallurgy, chemical, electricity, elevator, and aerospace industries. It also exports its products to Europe, America, Asia, Africa, Oceania, and internationally. Guizhou Wire Rope Incorporated Company was founded in 2000 and is headquartered in Zunyi, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guizhou Wire Rope Incorporated reported revenue of ¥2.1B in FY2025 versus ¥2.5B in FY2021, a compound −4.7%/yr. Reported net income was ¥29.9M in FY2025, compounding −0.9%/yr from FY2021.

600992 screens 80% overvalued. Compare with Tata Steel Limited →

Peer Group

Steel · 378 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 Steel 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.

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Frequently asked questions

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.