Changshu Fengfan Power Equipment Co (601700) Fair Value & Analysis

Industrials · CN · Market cap 7.3B CNY

Below-average quality, and screening another 79% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥1.74). The favourable scenario is already priced in.
• Weak quality (43/100) 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 ¥3.62 – ¥7.95 · fair‑value band ¥1.02 – ¥1.74 · the ¥6.44 price screens above the ¥1.38 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Changshu Fengfan Power Equipment Co (601700) currently trades at ¥6.44, while our model-based Fair Value estimate is ¥1.38, implying the stock looks roughly 78.6% overvalued today. The Quality Score stands at 43/100 (below-average 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: medium).

Over the trailing twelve months, Changshu Fengfan Power Equipment Co generated revenue of 3.3B CNY at a net margin of -9.7%. Revenue grew 49.1% year over year. It earns a return on equity of -17.4%. Net debt stands at 1.0B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥1.02 (bear case) to ¥1.74 (bull case); at ¥6.44, 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 10% below its 52-week high and 46% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at -79%, 601700 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: DCF Models (¥2.30) versus Earnings-Based (¥0.3500). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Changshu Fengfan Power Equipment Co., Ltd. engages in the research and development, production, and sale of voltage transmission line corner towers, steel pipe composite towers, various pipelines, substation structural supports, steel pipes, and other steel structural parts in China.

Full company description

Changshu Fengfan Power Equipment Co., Ltd. engages in the research and development, production, and sale of voltage transmission line corner towers, steel pipe composite towers, various pipelines, substation structural supports, steel pipes, and other steel structural parts in China. The company is also involved in the production and sale of cold-formed steel, square and rectangular steel pipes, and steel structural parts; the sale of lubricating oil, diesel oil, fuel oil, asphalt, and chemical products; asset management, investment management, and acquisition of non-performing assets; overseas and domestic bidding projects; import and export of goods and technology. It provides metal materials, metal products, and other mechanical equipment, coal, electronic products, hardware products, etc.; towers, communication and transmission infrastructure; development, sales, and marketing of power equipment and materials; transmission and substations; survey and technical consulting of energy projects; photovoltaic power generation equipment leasing; manufacturing and sales of photovoltaic equipment and components; solar power generation technology services; energy storage technology payment; energy technology research and development; foreign contracting projects; machinery and equipment leasing; centralized fast charging stations; charging pile sales; and technical services. It also offers technical consultation, technical exchange, technology transfer, and technology promotion; engineering management services; sale of industrial control computers and systems; gold and silver products; sales of special electronic materials; integrated circuit chip design and services; research and development of special electronic materials; sales of communication equipment; integrated circuit design; and information technology consulting services. Changshu Fengfan Power Equipment Co., Ltd. was founded in 1993 and is based in Changshu, China.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Changshu Fengfan Power Equipment Co reported revenue of ¥3.2B in FY2024 versus ¥2.6B in FY2020, a compound +5.5%/yr. Reported net income was ¥91.3M in FY2024, compounding −19.6%/yr from FY2020.

601700 screens 79% overvalued. Compare with Carpenter Technology Corporation →

Peer Group

Metal Fabrication · 243 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 Metal Fabrication 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.