Ningbo Tuopu Group (601689) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 88.1B CNY

Below-average quality, and screening another 43% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥36.18). The favourable scenario is already priced in.
• Weak quality (38/100) 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 Jul 18, 2026.

How to read this chart

60‑month range ¥18.40 – ¥83.42 · fair‑value band ¥20.39 – ¥36.18 · the ¥49.77 price screens above the ¥28.28 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Ningbo Tuopu Group (601689) currently trades at ¥49.77, while our model-based Fair Value estimate is ¥28.28, implying the stock looks roughly 43.2% overvalued today. We read business quality at 38/100 (below-average quality), in the Consumer Cyclical 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, Ningbo Tuopu Group generated revenue of 30.4B CNY at a net margin of 9.1%. Revenue grew 14.9% year over year. It earns a return on equity of 11.7%. Net debt stands at 5.8B CNY. Fundamentals as of Jul 18, 2026

Our scenario range runs from ¥20.39 (bear case) to ¥36.18 (bull case); at ¥49.77, 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 43% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -43%, 601689 screens cheaper 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: Growth Earnings (¥50.31) versus Dividend Discount (¥8.35). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Ningbo Tuopu Group Co.,Ltd. engages in the research, development, production, and sale of auto parts in China and internationally.

Full company description

Ningbo Tuopu Group Co.,Ltd. engages in the research, development, production, and sale of auto parts in China and internationally. The company offers noise, vibration, and harshness damping systems, such as powertrain supports, drive motor shock absorbers, telescopic shock absorber supports, torsional shock absorbers, subframe supports, and hydraulic bushings; and interior and exterior trim systems, including door panels, headliners, main carpets, coat racks, sound and heat insulation components, trunk sound insulation components, and other sound insulation and noise reduction products, as well as sealing strip and decorative strip exterior trim products. It also provides lightweight body comprising integrated molded front and rear floor panels, body structural components, door structural components, and battery pack structural components; and intelligent cockpit components consisting of rotating screen controllers, electric tailgates, electric sliding doors, seat comfort systems, and in-vehicle oxygen control systems. In addition, the company offers integrated heat pump assembly, multi-way valve, electronic water pump, and electronic expansion valve thermal management systems; front and rear steel aluminum subframes, control arms, tie rods, and steering knuckles chassis systems; integrated air supply unit, air spring, and height sensor air suspension systems; brake-by-wire, power steering, electronically adjustable column intelligent driving systems; and linear actuators, rotary actuators, dexterous motors and assemblies, sensors, body structural components, foot shock absorbers, and electronic flexible skin. It serves electric vehicle manufacturers and traditional OEM automakers. The company was founded in 1983 and is headquartered in Ningbo, China. Ningbo Tuopu Group Co.,Ltd. operates as a subsidiary of Mecca International Holding (HK) Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ningbo Tuopu Group reported revenue of ¥29.5B in FY2025 versus ¥11.5B in FY2021, a compound +26.7%/yr. Reported net income was ¥2.8B in FY2025, compounding +28.6%/yr from FY2021.

601689 screens 43% overvalued. Compare with Hyundai Mobis Co →

Peer Group

Auto Parts · 641 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 Auto 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.

Insider activity: 40/100

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.