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Zhejiang Dragon Technology Co (603004) Fair Value & Analysis

Basic Materials · CN · Market cap 5.0B CNY

Price¥21.59
Fair Value¥12.67
Upside-41.3%
Quality95/100
Evidence: High Range ¥9.50 – ¥15.83

Fair value as of: Jun 24, 2026

Analysis

Zhejiang Dragon Technology Co (603004) currently trades at ¥21.59, while our model-based Fair Value estimate is ¥12.67 — implying the stock looks roughly 41.3% overvalued today. We read business quality at 95/100 (high 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: high).

About the company

Zhejiang Dragon Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of chemical products in China and internationally. It offers cosmetic raw materials, special engineering materials, and other functional chemicals. The company is also involved in trading activities; and technical testing. It exports its products. The company was founded in 1989 and is headquartered in Hangzhou, China. Zhejiang Dragon Technology Co., Ltd. operates as a subsidiary of Zhejiang Dinglong New Materials Co., Ltd.

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Frequently asked questions

Is Zhejiang Dragon Technology Co (603004) undervalued?
As of Jun 24, 2026, our model estimates a fair value of ¥12.67 versus a price of ¥21.59 — about −41% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 603004?
Our 21-model fair value for Zhejiang Dragon Technology Co is ¥12.67 (as of Jun 24, 2026), built from audited fundamentals. The current price is ¥21.59.
What is the quality score of 603004?
Zhejiang Dragon Technology Co has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.