Yingkou Jinchen Machinery Co (603396) Fair Value & Analysis
Industrials · CN · Market cap 4.0B CNY
Fair value as of: Jul 11, 2026
From 26 valuation models · updated 30 days ago
Fair value updated Jul 11, 2026, revised from ¥24.75 to ¥13.21 (−46.6%) since Jun 24, 2026. Share price +0.7% over the past month.
A solid business, but screening 46% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥13.21). The favourable scenario is already priced in.
- Solid but not exceptional quality (55/100) 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 Jul 11, 2026.
How to read this chart
60‑month range ¥22.11 – ¥200.29 · fair‑value band ¥8.29 – ¥13.21 · the ¥24.53 price screens above the ¥13.21 fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Yingkou Jinchen Machinery Co (603396) currently trades at ¥24.53, while our model-based Fair Value estimate is ¥13.21, implying the stock looks roughly 46.2% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Industrials 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, Yingkou Jinchen Machinery Co generated revenue of 2.7B CNY at a net margin of 2.0%. Revenue declined 14.8% year over year. It earns a return on equity of 3.2%. The balance sheet holds a net cash position of 348M CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥8.29 (bear case) to ¥13.21 (bull case); at ¥24.53, 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 56% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -46%, 603396 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 26 models by family
Widest divergence: Growth DCF (¥60.58) versus Dividend Discount (¥4.05). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 30
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
Yingkou Jinchen Machinery Co., Ltd. focuses on vacuum coating technology, automation technology, and equipment intelligent solutions in China and internationally.
Full company description
Yingkou Jinchen Machinery Co., Ltd. focuses on vacuum coating technology, automation technology, and equipment intelligent solutions in China and internationally. The company offers solar cell equipment and solutions, including PERTOP high-efficiency and heterojunction solar cell tube PECVD solutions; solar cell injection, and PL and PE machines; silicon wafer crack detection systems; AOI testing equipment for solar cell; diffusion/thermal oxide/annealing, ALD, texturing process, wet etching, and plate PECVD loading and unloading machines; and offline cassette loading automation machines. It also provides solar module equipment and solutions, such as automatic taping and gluing, junction box soldering, multi-function busbar soldering, cell string automatic layup, solar cell shingling, EVA/TPT automatic cutting, EVA flatting, solar module EL/AOI, automatic dispensing and framing, automatic trimming, lifters, automatic frame-placement and framing, sand belt corner grinding, and solar module semi-automatic flipping machines. In addition, the company offers PV module automatic fitting paper corner protectors, plate-chain-type curing lines, G-G module rework and dual glass layup gantry robots, solar module fully automatic laminators, flipping inspection units, insulation pressure resistance testing units, gantry robots for sorting, frame-placement gantry robots, IV testing units, standard module and gantry storage stacks, wide gantry storage stacks, double glass spacer gantry robots, block return and tooling return lines, manually flipping inspection units, and curing and glass loading gantry robots. Further, it provides calcite vapor deposition equipment comprising small laboratory equipment, and evaporative plating and magnetron sputtering lines; and hydrogen intelligent manufacturing equipment. Yingkou Jinchen Machinery Co., Ltd. was founded in 1996 and is headquartered in Yingkou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Yingkou Jinchen Machinery Co reported revenue of ¥2.8B in FY2025 versus ¥1.6B in FY2021, a compound +15.2%/yr. Reported net income was ¥55.9M in FY2025, compounding −2.1%/yr from FY2021.
603396 screens 46% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 809 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 Specialty Industrial Machinery 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.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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Frequently asked questions
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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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