Shijiazhuang Kelin Electric Co (603050) Fair Value & Analysis

Technology · CN · Market cap 7.3B CNY

A solid business, but screening 40% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥13.59). The favourable scenario is already priced in.
• Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 10, 2026.

How to read this chart

60‑month range ¥3.77 – ¥25.24 · fair‑value band ¥8.16 – ¥13.59 · the ¥18.03 price screens above the ¥10.87 fair value. Dashed = 300-day average. As of Aug 10, 2026.

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Analysis

Shijiazhuang Kelin Electric Co (603050) currently trades at ¥18.03, while our model-based Fair Value estimate is ¥10.87, implying the stock looks roughly 39.7% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Technology 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, Shijiazhuang Kelin Electric Co generated revenue of 4.3B CNY at a net margin of 5.2%. Revenue declined 5.0% year over year. It earns a return on equity of 12.5%. Net debt stands at 757M CNY. Fundamentals as of Aug 10, 2026

Our scenario range runs from ¥8.16 (bear case) to ¥13.59 (bull case); at ¥18.03, 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 34% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -40%, 603050 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: DCF Models (¥23.51) versus Dividend Discount (¥2.04). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Shijiazhuang Kelin Electric Co., Ltd. operates in the electrical machinery and equipment manufacturing industry in China and internationally.

Full company description

Shijiazhuang Kelin Electric Co., Ltd. operates in the electrical machinery and equipment manufacturing industry in China and internationally. The company offers substation automation products, including microcomputer protection measurement and control device, substation integrated automation system, DC power supply system, and smart integrated power system; power distribution automation products, such as smart distribution platform, fault indicators, feeder terminal units, distribution terminal units, and transformer terminal units; and advanced metering infrastructure products, including A.M.I platform, prepaid and post-paid smart meters, and data concentrators. It also provides primary and secondary distribution class, secondary transmission class, and ring main unit class; outdoor and indoor circuit breakers; current, potential, and combined current/potential transformers; dry and oil-immersed type distribution transformers; box-type substation; new energy system comprising solar panel-mono and poly, three-phase inverters, solar charge controller, off grid inverter, integrated energy storage system, lithium battery system, and smart streetlamp; and electrical vehicle charger, including alternative current type, direct current type, and EV platform. In addition, the company offers power generation, transmission, and distribution solutions. Shijiazhuang Kelin Electric Co., Ltd. was founded in 2000 and is based in Shijiazhuang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shijiazhuang Kelin Electric Co reported revenue of ¥4.4B in FY2025 versus ¥2.0B in FY2021, a compound +21.0%/yr. Reported net income was ¥258M in FY2025, compounding +30.6%/yr from FY2021.

603050 screens 40% overvalued. Compare with Delta Electronics, Inc →

Peer Group

Electronic Components · 626 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 Electronic Components 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.