Harbin VITI Electronics Corp (603023) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of Harbin VITI Electronics Corp stock ¥1.42, price ¥3.72, upside -61.8%, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Harbin VITI Electronics Corp
603023 · SHGWeakest SetupStrongly overvalued and low quality.
Our calculation puts a fair price 62% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 26, 2026.
How to read this chart
60‑month range ¥1.53 – ¥7.63 · fair‑value band ¥1.42 – ¥1.44 · the ¥3.72 price screens above the ¥1.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 26, 2026.
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Company profile
Harbin VITI Electronics Co., Ltd. researches and develops, manufactures, and sells automobile electronic products for cars and buses in China.
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It offers bus digital color LCD combination instruments; bus slave and master modules; bus bridge, processor, and management modules; bus instruments; and bus rear light, headlight, chassis, and top control modules.
The company also provides bus signal distribution modules, door control modules, tire pressure monitoring systems, vehicle remote wireless monitoring systems, fuel data acquisition modules, and switch modules; combination instruments; bus digital color LCD instruments; vehicle travelling data recorder, and recorder display and printing modules; recorder identification modules; and central processors.
In addition, it offers central processor electrical boxes; IoV module; retarder power switches; and trunk light control modules, retarder control units, wiper intermittent and speed controllers, flash relays, water level alarm controllers, rocker switch lightboxes, overvoltage protection controllers, retarder foot controllers, and engine stall delay relays.
Further, the company provides sensor products comprising liquid level alarm switches, capacitive and resistive fuel level sensors, temperature sensors, odometer sensors, speed sensor, air pressure sensors, water level alarms, low air pressure alarms, electronic speed sensors, oil pressure alarm sensors, temperature alarm sensors, magnetic reed oil level sensors, and swing arm oil level sensors.
Harbin VITI Electronics Co., Ltd. was founded in 2000 and is based in Harbin, China.
Stock analysis
Harbin VITI Electronics Corp (603023) currently trades at ¥3.72, while our model-based Fair Value estimate is ¥1.42, 61.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥1.13 per share, and 1 of the 14 models we run sit above the ¥3.72 price.
Bear case: the Growth Earnings group reads lowest at ¥0.1500, and 13 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥1.42 (bear) to ¥1.44 (bull), the price of ¥3.72 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Harbin VITI Electronics Corp reported revenue of 193M CNY in FY2025 versus 71.0M CNY in FY2021, a compound +28.5%/yr. Reported net income was 4.1M CNY in FY2025, compounding −11.7%/yr from FY2021.
Key figures
Market cap 2.1B CNY (≈ $312M) Small · P/S ratio 12.1 · EPS (TTM) ¥−0.0100 · Net margin −2.2% · Return on equity −0.9% · Return on assets (EBIT) −0.3% · Operating margin −19.3% · Revenue (TTM) 187M CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 11 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −24% fair-value upside, at −62%, 603023 screens richer than that median.
Fair Value models
All 14 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
603023 screens overvalued: fair value 62% below the price. Compare with O'Reilly Automotive, Inc →
Compare Harbin VITI Electronics Corp with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Auto Parts · 663 stocks
Valuation Multiplesvs Auto Parts median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Hyundai Mobis Co 012330 | 328,500 KRW | 637,566 KRW | +94% | vs 603023 |
| Fuyao Glass Industry Group 600660 | ¥51.28 | ¥78.11 | +52% | vs 603023 |
| Magna International Inc MGA | $63.97 | $79.23 | +24% | vs 603023 |
| AutoZone, Inc AZO | $3,201 | $2,468 | −23% | vs 603023 |
| Ningbo Tuopu Group 601689 | ¥42.34 | ¥32.24 | −24% | vs 603023 |
| Knorr-Bremse AG KBX | €95.80 | €72.88 | −24% | vs 603023 |
| Samvardhana Motherson International Limited MOTHERSON | ₹157.27 | ₹96.06 | −39% | vs 603023 |
| Bosch Limited BOSCHLTD | ₹44,500 | ₹24,899 | −44% | vs 603023 |
| O'Reilly Automotive, Inc ORLY | $89.92 | $48.66 | −46% | vs 603023 |
| Genuine Parts Company GPC | $127.97 | $57.98 | −55% | vs 603023 |
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Key figures of Harbin VITI Electronics Corp
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