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HUAQIN TECHNOLOGY LTD A (603296) fair value: what the stock is really worth

We calculate from audited financials what HUAQIN TECHNOLOGY LTD A is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · CN · ISIN CNE100006M82

HT Broad data Sep 18, 2026

HUAQIN TECHNOLOGY LTD A

603296 · SHG

Weakest SetupStrongly overvalued and low quality.

!Fair value ¥39.69 · Strongly overvalued (−51%)
!Quality 48/100
!Expensive Growth (revenue 3y +22.8 %/yr)
!Thin margins · 2.4% net margin (TTM)
!Low debt · negative free cash flow
·1.07% dividend yield
!Trails peers (5/13)
!Narrow moat 38/100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥88.88 ¥25.74 Fair Value ¥39.69 Aug 2023 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.

How to read this chart

37‑month range ¥25.74 – ¥88.88 · fair‑value band ¥28.86 – ¥60.65 · the ¥80.35 price screens above the ¥39.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.

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Company profile

Huaqin Co., Ltd. engages in the research, design, manufacturing, and operation services of intelligent products in China and internationally.

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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.

Stock analysis

HUAQIN TECHNOLOGY LTD A (603296) currently trades at ¥80.35, while our model-based Fair Value estimate is ¥39.69, implying the stock looks roughly 102.4% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ¥97.25 per share, and 4 of the 17 models we run sit above the ¥80.35 price.

Bear case: the Asset-Based group reads lowest at ¥12.16, and 13 of the 17 models stay below the price. Evidence for this calculation is high.

Scenario range: ¥28.86 (bear) to ¥60.65 (bull), the price of ¥80.35 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 48/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

HUAQIN TECHNOLOGY LTD A reported revenue of 171B CNY in FY2025 versus 83.8B CNY in FY2021, a compound +19.6%/yr. Reported net income was 4.1B CNY in FY2025, compounding +21.0%/yr from FY2021.

Key figures

Market cap 119B CNY (≈ $17.7B) · P/E ratio 25.5 · P/S ratio 0.60 · EPS (TTM) ¥4.22 · Dividend yield 1.1% · Net margin 2.4% · Return on equity 17.0% · Return on assets (EBIT) 4.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 37% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −36% fair-value upside, at −51%, 603296 screens richer than that median.

Fair Value models

Bear ¥28.86 Fair Value ¥39.69 Bull ¥60.65
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥1.56 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EPV ¥28.24 ¥31.86 ¥35.03 71
ROIC Compounder ¥35.96 ¥52.06 ¥62.05 69
Owner Earnings ¥30.96 ¥62.16 ¥127.66 68
All 17 models by family
DCF Models
Owner Earnings ¥30.96 ¥62.16 ¥127.66 68
Earnings-Based
Graham-Dodd ¥19.39 ¥135.21 ¥189.75 60
Lynch FV ¥58.12 ¥83.03 ¥107.94 58
PEG = 1.0 ¥58.12 ¥83.03 ¥107.94 55
EPV ¥28.24 ¥31.86 ¥35.03 71
Dividend Discount
Gordon GGM ¥8.32 ¥17.30 ¥27.45 63
DDM Multi-Stage ¥8.32 ¥14.59 ¥18.16 64
Multiples
P/E Multiple ¥38.49 ¥51.32 ¥64.15 63
P/S Multiple ¥36.35 ¥48.47 ¥60.59 58
P/B Multiple ¥24.49 ¥32.66 ¥40.82 55
EV/EBIT ¥39.00 ¥49.84 ¥60.67 66
EV/EBITDA ¥36.57 ¥46.59 ¥56.62 67
EV/Revenue ¥32.79 ¥44.06 ¥55.32 54
Asset-Based
NCAV (Graham) ¥9.07 ¥12.16 ¥18.14 54
Economic Profit
Residual Income ¥18.93 ¥24.97 ¥74.28 62
ROIC Compounder ¥35.96 ¥52.06 ¥62.05 69
Growth Earnings
Growth-Adj P/E ¥68.07 ¥97.25 ¥126.42 65

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Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 61

Profitability 49
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 63
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+56.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.8%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+15.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.0%
Dividend (yield on the price)1.1%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 2%

603296 screens 102% overvalued. Compare with Samsung Electronics Co →

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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.Consumer Electronics · 124 stocks

Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside −48% · Below median
Profitability
Return on equity (TTM) 17% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 2% · Below median
Growth and dividend
Revenue growth 16% · Above median
Dividend yield (TTM) 1.1% · Below median
Balance sheet
Debt / equity 0.18× · Above median

Valuation Multiplesvs Consumer Electronics median · lower = cheaper

P/E (TTM) 25.5× · Pricier than median
P/B 4.60× · Priciest 25%
P/S (TTM) 0.67× · Cheaper than median
EV/EBITDA 22.2× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)82 · sector 6
PAST (return on equity)68 · sector 16
HEALTH (low debt)91 · sector 97
DIVIDEND (yield)30 · sector 31

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Consumer Electronics stocks, each showing price versus our Fair Value estimate.

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Samsung Electronics Co 005930 253,500 KRW 163,160 KRW −36%
Sony Group SONY $23.92 $29.19 +22%
Xiaomi Corporation 81810 HK$22.40 HK$28.38 +27%
LG Electronics Inc 066570 197,900 KRW 86,705 KRW −56%
Sharetronic Data Technology Co 300857 ¥261.00 ¥35.52 −86%
Goertek Inc 002241 ¥22.28 ¥10.23 −54%
LG Corp 003550 111,800 KRW 89,984 KRW −20%
Shenzhen Transsion Holdings 688036 ¥52.31 ¥54.13 +3%
Anker Innovations Limited 300866 ¥126.99 ¥78.13 −38%
Dixon Technologies (India) Limited DIXON ₹13,498 ₹4,022 −70%

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HUAQIN TECHNOLOGY LTD A · Fair Value
¥39.69 −102%Fair Value
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Cite: Fair Value Calculator (2026). "HUAQIN TECHNOLOGY LTD A Fair Value". https://www.fairvalue-calculator.com/stock/603296

Frequently asked questions

Is HUAQIN TECHNOLOGY LTD A (603296) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of ¥39.69 versus a price of ¥80.35, about −51% upside (overvalued).
What is the fair value of 603296?
Our model-based fair value for HUAQIN TECHNOLOGY LTD A is ¥39.69 (as of Sep 18, 2026), built from audited fundamentals. The current price: ¥80.35.
What is the quality score of 603296?
HUAQIN TECHNOLOGY LTD A has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for HUAQIN TECHNOLOGY LTD A (603296)?
Our model-based price target is the fair value of ¥39.69 (as of Sep 18, 2026) from 17 valuation models. Cautious scenario ¥28.86, optimistic scenario ¥60.65. It is a calculation from audited fundamentals, not an analyst target.
What is the HUAQIN TECHNOLOGY LTD A stock forecast for 2026?
Our models put fair value at ¥39.69, about −51% upside versus a price of ¥80.35 (overvalued). Cautious scenario ¥28.86, optimistic scenario ¥60.65. The calculation is refreshed regularly with new filings.
What is the revenue of HUAQIN TECHNOLOGY LTD A (603296)?
HUAQIN TECHNOLOGY LTD A reported trailing-twelve-month revenue of about 177B CNY (latest available figure, as of Sep 18, 2026).
Does HUAQIN TECHNOLOGY LTD A pay a dividend?
HUAQIN TECHNOLOGY LTD A currently shows a dividend yield of about 1.07% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of HUAQIN TECHNOLOGY LTD A (603296)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HUAQIN TECHNOLOGY LTD A it is ¥39.69 per share (as of Sep 18, 2026), against a price of ¥80.35. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is HUAQIN TECHNOLOGY LTD A stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 603296 trades above its calculated fair value: price ¥80.35, fair value ¥39.69, a gap of about −51% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 603296?
No. The price is what the market pays today (¥80.35); the fair value is what the company's own numbers justify (¥39.69). For HUAQIN TECHNOLOGY LTD A the two are ¥40.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is HUAQIN TECHNOLOGY LTD A worth?
The market values HUAQIN TECHNOLOGY LTD A at about 119B CNY (market capitalisation, as of Sep 18, 2026). Per share that is ¥80.35; our models calculate a fair value of ¥39.69 per share.
What do the bullish and bearish scenarios say about 603296?
Our models span a range for HUAQIN TECHNOLOGY LTD A: cautious scenario ¥28.86, base ¥39.69, optimistic ¥60.65 per share (as of Sep 18, 2026, price ¥80.35). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603296?
HUAQIN TECHNOLOGY LTD A trades at a price-to-earnings ratio of 25.5 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥39.69 is built from several models across several years. Other multiples: P/B 4.6, P/S 0.7, EV/EBITDA 22.2.
How solid is the balance sheet of HUAQIN TECHNOLOGY LTD A (603296)?
Balance-sheet figures for HUAQIN TECHNOLOGY LTD A (as of Sep 18, 2026): return on equity 17.0%, debt of 0.18 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 603296 from its 52-week high?
HUAQIN TECHNOLOGY LTD A trades at ¥80.35, about 37% below its 52-week high of ¥126.69 and 20% above the low of ¥67.10 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ¥39.69 is for.
Which stocks are comparable to HUAQIN TECHNOLOGY LTD A?
From the same area (Technology) we also value Samsung Electronics Co, Sony Group, Xiaomi Corporation, LG Electronics Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is HUAQIN TECHNOLOGY LTD A stock attractive at the current price?
The data as of Sep 18, 2026: price ¥80.35, calculated fair value ¥39.69 (−51%), Quality Score 48/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 603296 calculated?
We run HUAQIN TECHNOLOGY LTD A through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥39.69, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. HUAQIN TECHNOLOGY LTD A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of HUAQIN TECHNOLOGY LTD A (603296)?
The closing price on Sep 18, 2026 was ¥80.35. Our model-based fair value is ¥39.69, about −51% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HUAQIN TECHNOLOGY LTD A right now?
The price sits above even our optimistic bull case (¥60.65). The favourable scenario is already priced in. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥28.86 to ¥60.65) leaves room in how you read the outcome.

Key figures of HUAQIN TECHNOLOGY LTD A

How large is the market capitalisation of HUAQIN TECHNOLOGY LTD A (603296)?
The market capitalisation of HUAQIN TECHNOLOGY LTD A is 119B CNY (≈ $17.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of HUAQIN TECHNOLOGY LTD A (603296)?
The price-to-sales ratio of HUAQIN TECHNOLOGY LTD A is 0.60 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HUAQIN TECHNOLOGY LTD A (603296)?
Earnings per share at HUAQIN TECHNOLOGY LTD A are ¥4.22 (price ÷ EPS = P/E 25.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HUAQIN TECHNOLOGY LTD A (603296)?
The dividend yield of HUAQIN TECHNOLOGY LTD A is 1.1% (payout 20.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of HUAQIN TECHNOLOGY LTD A (603296)?
The net margin of HUAQIN TECHNOLOGY LTD A is 2.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of HUAQIN TECHNOLOGY LTD A (603296)?
The return on equity (ROE) of HUAQIN TECHNOLOGY LTD A is 17.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of HUAQIN TECHNOLOGY LTD A (603296)?
On an EBIT basis the return on assets of HUAQIN TECHNOLOGY LTD A is 4.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of HUAQIN TECHNOLOGY LTD A (603296)?
The operating margin of HUAQIN TECHNOLOGY LTD A is 2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HUAQIN TECHNOLOGY LTD A (603296)?
Revenue at HUAQIN TECHNOLOGY LTD A is growing +16.4% versus a year earlier (3y avg +22.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at HUAQIN TECHNOLOGY LTD A (603296)?
Earnings per share at HUAQIN TECHNOLOGY LTD A are growing +25.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HUAQIN TECHNOLOGY LTD A (603296) generate?
The free cash flow of HUAQIN TECHNOLOGY LTD A is −3.7B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does HUAQIN TECHNOLOGY LTD A (603296) carry?
The net debt of HUAQIN TECHNOLOGY LTD A is 5.2B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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