Chongqing Zaisheng Tech Corp (603601) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Chongqing Zaisheng Tech Corp stock ¥3.67, price ¥7.71, upside -52.4%, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 27, 2026.
How to read this chart
60‑month range ¥2.45 – ¥23.53 · the ¥7.71 price screens above the ¥3.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 27, 2026.
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Chongqing Zaisheng Technology Co., Ltd. researches, manufactures, and markets fiber cotton in China.
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It offers medical masks, disinfection equipment, and disinfection products for the prevention and control of infectious diseases; glass fiber products, air filtration materials and equipment; and daily masks.
The company also provides clean air material products, including air filter materials, PTFE membrane, low-resistance melt-blown filter materials, and glass fiber air filter felt/filter bags.
In addition, it offers energy-saving materials comprising vacuum insulation panels, core materials, and related products; lead acid battery separator; aviation sound insulation and heat insulation cotton; green building energy-saving and thermal insulation materials; and home appliance insulation cotton.
Further, the company provides conditioning products, such as clean room filtration technology, automobile air conditioning filter, and household air purifier filter, as well as home air conditioning systems.
Chongqing Zaisheng Technology Co., Ltd. was founded in 2007 and is headquartered in Chongqing, China.
Stock analysis
Chongqing Zaisheng Tech Corp (603601) currently trades at ¥7.71, while our model-based Fair Value estimate is ¥3.67, 52.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥2.30 per share, and 0 of the 26 models we run sit above the ¥7.71 price.
Bear case: the Dividend Discount group reads lowest at ¥0.3800, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Quality & growth
The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Chongqing Zaisheng Tech Corp reported revenue of 1.3B CNY in FY2025 versus 1.6B CNY in FY2021, a compound −5.9%/yr. Reported net income was 56.1M CNY in FY2025, compounding −31.2%/yr from FY2021.
Key figures
Market cap 8.4B CNY (≈ $1.3B) Small · P/E ratio 257.0 · P/S ratio 6.62 · EPS (TTM) ¥0.0300 · Dividend yield 0.1% · Net margin 3.2% · Return on equity 1.7% · Return on assets (EBIT) 4.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 67% below its 52-week high and 73% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −55% fair-value upside, at −52%, 603601 screens cheaper than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.3800 to ¥6.03). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥3.67Fair Value ¥3.67Bull¥3.67
Price ¥7.71 · Upside -52.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0165 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
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.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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.
−26.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.9%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−26.9% vs −1.9%, slowing
Profit margin 2020 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.25% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +20.1% a year for the price.
Compare Chongqing Zaisheng Tech Corp with another stock
Price, fair value, quality and upside side by side.
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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.Specialty Chemicals · 723 stocks
Beats the industry median on 1/14 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−52.4% · Below median
Profitability
Return on equity (12 months)1.7% · Bottom 25%
Return on assets1.8% · Below median
Net margin (12 months)3.2% · Below median
Operating margin (12 months)5.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)5.1% · Below median
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)257.0× · Priciest 25%
P/B3.39× · Priciest 25%
P/S (12 months)6.62× · Priciest 25%
Price / free cash flow33.0× · Pricier than median
EV/EBITDA62.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)26· sector 65
PAST (return on equity)7· sector 26
HEALTH (low debt)96· sector 95
DIVIDEND (yield)3· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Chongqing Zaisheng Tech Corp (603601) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of ¥3.67 versus a price of ¥7.71, about −52% upside (overvalued).
What is the fair value of 603601?
Our model-based fair value for Chongqing Zaisheng Tech Corp is ¥3.67 (as of Oct 27, 2026), built from audited fundamentals. The current price: ¥7.71.
What is the quality score of 603601?
Chongqing Zaisheng Tech Corp has a Quality Score of 53/100. 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 Chongqing Zaisheng Tech Corp (603601)?
Our model-based price target is the fair value of ¥3.67 (as of Oct 27, 2026) from 26 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Chongqing Zaisheng Tech Corp stock forecast for 2026?
Our models put fair value at ¥3.67, about −52% upside versus a price of ¥7.71 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Chongqing Zaisheng Tech Corp (603601)?
Chongqing Zaisheng Tech Corp reported trailing-twelve-month revenue of about 1.3B CNY (latest available figure, as of Oct 27, 2026).
Does Chongqing Zaisheng Tech Corp pay a dividend?
Chongqing Zaisheng Tech Corp currently shows a dividend yield of 0.13% relative to its recent price (as of Oct 27, 2026).
What growth is priced into Chongqing Zaisheng Tech Corp (603601)?
For today's price to be fair in a discounted-cash-flow model, Chongqing Zaisheng Tech Corp would have to grow free cash flow by +22.1 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.5 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of 603601 use?
Our models discount Chongqing Zaisheng Tech Corp at 11.3 %: a base by market capitalisation (small), damped by beta 0.81, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Chongqing Zaisheng Tech Corp that is +22.1 % per year a year over ten years, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has Chongqing Zaisheng Tech Corp (603601) delivered so far?
Over the past 5 years revenue at Chongqing Zaisheng Tech Corp grew -7.5 % a year. The price currently implies +22.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Chongqing Zaisheng Tech Corp (603601) growing?
The median revenue growth in the sector is +9.5 % a year. That is the yardstick for the growth priced into Chongqing Zaisheng Tech Corp (+22.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chongqing Zaisheng Tech Corp (603601)?
The free-cash-flow yield on the price is 3.03 %: that much free cash flow Chongqing Zaisheng Tech Corp produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chongqing Zaisheng Tech Corp (603601)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chongqing Zaisheng Tech Corp it is ¥3.67 per share (as of Oct 27, 2026), against a price of ¥7.71. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Chongqing Zaisheng Tech Corp stock overvalued or undervalued in 2026?
As of Oct 27, 2026, 603601 trades above its calculated fair value: price ¥7.71, fair value ¥3.67, a gap of about −52% (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 603601?
No. The price is what the market pays today (¥7.71); the fair value is what the company's own numbers justify (¥3.67). For Chongqing Zaisheng Tech Corp the two are ¥4.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Chongqing Zaisheng Tech Corp worth?
The market values Chongqing Zaisheng Tech Corp at about 8.4B CNY (market capitalisation, as of Oct 27, 2026). Per share that is ¥7.71; our models calculate a fair value of ¥3.67 per share.
What is the P/E ratio of 603601?
Chongqing Zaisheng Tech Corp trades at a price-to-earnings ratio of 257.0 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥3.67 is built from several models across several years. Other multiples: P/B 3.4, P/S 6.6, EV/EBITDA 62.0.
How solid is the balance sheet of Chongqing Zaisheng Tech Corp (603601)?
Balance-sheet figures for Chongqing Zaisheng Tech Corp (as of Oct 27, 2026): return on equity 1.7%, debt of 0.09 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 603601 from its 52-week high?
Chongqing Zaisheng Tech Corp trades at ¥7.71, about 67% below its 52-week high of ¥23.53 and 73% above the low of ¥4.45 (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of ¥3.67 is for.
Which stocks are comparable to Chongqing Zaisheng Tech Corp?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Givaudan SA, 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 Chongqing Zaisheng Tech Corp stock attractive at the current price?
The data as of Oct 27, 2026: price ¥7.71, calculated fair value ¥3.67 (−52%), Quality Score 53/100, from 26 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 603601 calculated?
We run Chongqing Zaisheng Tech Corp through 26 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 ¥3.67, 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 13.4 % above its aggregate fair value. Chongqing Zaisheng Tech Corp 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 Chongqing Zaisheng Tech Corp (603601)?
The closing price on Oct 28, 2026 was ¥7.71. Our model-based fair value is ¥3.67, about −52% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chongqing Zaisheng Tech Corp right now?
The price sits above even our optimistic bull case (¥3.67). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Chongqing Zaisheng Tech Corp (603601) come from?
Earnings per share at Chongqing Zaisheng Tech Corp grew +5.9 % a year from 2013 to 2024. Broken into its drivers: revenue per share +19.4 %, EBIT margin −8.6 %, tax rate +0.3 %, residual (interest, one-offs) −3.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Chongqing Zaisheng Tech Corp
How large is the market capitalisation of Chongqing Zaisheng Tech Corp (603601)?
The market capitalisation of Chongqing Zaisheng Tech Corp is 8.4B CNY (≈ $1.3B). 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 Chongqing Zaisheng Tech Corp (603601)?
The price-to-sales ratio of Chongqing Zaisheng Tech Corp is 6.62 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chongqing Zaisheng Tech Corp (603601)?
Earnings per share at Chongqing Zaisheng Tech Corp are ¥0.0300 (price ÷ EPS = P/E 257.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chongqing Zaisheng Tech Corp (603601)?
The dividend yield of Chongqing Zaisheng Tech Corp is 0.1% (payout 33.3%). 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 Chongqing Zaisheng Tech Corp (603601)?
The net margin of Chongqing Zaisheng Tech Corp is 3.2% (last twelve months). 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 Chongqing Zaisheng Tech Corp (603601)?
The return on equity (ROE) of Chongqing Zaisheng Tech Corp is 1.7% (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 Chongqing Zaisheng Tech Corp (603601)?
On an EBIT basis the return on assets of Chongqing Zaisheng Tech Corp 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 Chongqing Zaisheng Tech Corp (603601)?
The operating margin of Chongqing Zaisheng Tech Corp is 5.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chongqing Zaisheng Tech Corp (603601)?
Revenue at Chongqing Zaisheng Tech Corp is growing +5.1% versus a year earlier (3y avg −7.7%). 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 Chongqing Zaisheng Tech Corp (603601)?
Earnings per share at Chongqing Zaisheng Tech Corp are growing +2.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Chongqing Zaisheng Tech Corp (603601) carry?
The net debt of Chongqing Zaisheng Tech Corp is 194M CNY (fiscal year 2024, ≈ 0.8 yrs of FCF). 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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Broad data
Oct 27, 2026