Huaqin Co (603296) Fair Value & Analysis
Technology · CN · Market cap 119B CNY
Fair value as of: Jul 15, 2026
From 17 valuation models · updated 23 days ago
Fair value updated Jul 15, 2026, revised from ¥67.86 to ¥65.69 (−3.2%) since Jul 11, 2026. Share price +14.1% over the past month.
A solid business, but screening 19% overvalued on our models.
What matters now
- Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
- Our model range runs from ¥48.36 (bear) to ¥83.03 (bull), base ¥65.69. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 50/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
36‑month range ¥25.74 – ¥88.19 · fair‑value band ¥48.36 – ¥83.03 · the ¥81.23 price screens above the ¥65.69 fair value. Dashed = 300-day average. As of Jul 15, 2026.
Analysis
Huaqin Co (603296) currently trades at ¥81.23, while our model-based Fair Value estimate is ¥65.69, implying the stock looks roughly 19.1% overvalued today. We read business quality at 50/100 (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, Huaqin Co generated revenue of 177B CNY at a net margin of 2.4%. Revenue grew 16.4% year over year. It earns a return on equity of 17.0%. Net debt stands at 5.2B CNY. Fundamentals as of Jul 15, 2026
Our scenario range runs from ¥48.36 (bear case) to ¥83.03 (bull case); at ¥81.23, the current price sits within 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 36% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -26% fair-value upside, at -19%, 603296 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.
All 17 models by family
Widest divergence: Growth Earnings (¥100.86) versus Asset-Based (¥12.16). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 56
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Huaqin Co., Ltd. engages in the research, design, manufacturing, and operation services of intelligent products in China and internationally.
Full company description
Huaqin Co., Ltd. engages in the research, design, manufacturing, and operation services of intelligent products in China and internationally. The company offers personal electronics, including smart phones, tablets, and laptops; smart wearables; VR and AR, smart speaker, smart door lock, and TV; automotive electronics comprising intelligent cabin, connection, driving, and vehicle control; commercial devices which include POS, mobile data collection terminals, intelligent door locks, intelligent speakers, smart office, industrial webcams, and edge computing; and general purpose servers, network switches, heterogeneous servers, and edge servers, as well as digital scenes. It caters to global technology companies and the consumer electronics industry. The company sells its products through direct sales force, distributors, and global brand customers. Huaqin Co., Ltd. was formerly known as Huaqin Technology Co.ltd. and changed its name to Huaqin Co., Ltd. in December 2020. The company was founded in 2005 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Huaqin Co reported revenue of ¥171B in FY2025 versus ¥83.8B in FY2021, a compound +19.6%/yr. Reported net income was ¥4.1B in FY2025, compounding +21.0%/yr from FY2021.
603296 screens 19% overvalued. Compare with Apple Inc →
Peer Group
Consumer Electronics · 129 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 Consumer Electronics 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.
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.
Similar stocks
10 more Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Apple Inc AAPL | $314.86 | $122.91 | -61% |
| Samsung Electronics Co 005930 | 255,000 KRW | 138,019 KRW | -46% |
| Sony Group SONYN | 366.00 MXN | 468.94 MXN | +28% |
| Xiaomi Corporation 1810 | HK$26.88 | HK$39.84 | +48% |
| LG Electronics Inc 066570 | 179,000 KRW | 101,531 KRW | -43% |
| Sharetronic Data Technology Co 300857 | ¥277.96 | ¥35.89 | -87% |
| Goertek Inc 002241 | ¥22.25 | ¥18.86 | -15% |
| LG Corp 003550 | 102,400 KRW | 93,881 KRW | -8% |
| Anker Innovations Limited 300866 | ¥105.92 | ¥78.52 | -26% |
| Shenzhen Transsion Holdings 688036 | ¥68.50 | ¥44.90 | -34% |
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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.
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