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Jinhua Chunguang Technology Co (603657) Fair Value & Analysis

Technology · CN · Market cap 3.1B CNY

JC Jinhua Chunguang Technology Co 603657 · SHG
Price¥27.25
Fair Value¥5.75
Upside-78.9%
Quality47/100
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Expensive Growth
Loss-making · -1.9% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 19/100
Evidence: Medium Range ¥4.24 – ¥7.25 Share as image

Fair value as of: Jul 12, 2026

From 8 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥12.32 to ¥5.75 (−53.3%) since Jun 24, 2026. Share price +18.6% over the past month.

Below-average quality, and screening another 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥7.25). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥46.84 ¥8.26 Fair Value ¥5.75 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥8.26 – ¥46.84 · fair‑value band ¥4.24 – ¥7.25 · the ¥27.25 price screens above the ¥5.75 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Jinhua Chunguang Technology Co (603657) currently trades at ¥27.25, while our model-based Fair Value estimate is ¥5.75, implying the stock looks roughly 78.9% overvalued today. The Quality Score stands at 47/100 (below-average 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: medium).

Over the trailing twelve months, Jinhua Chunguang Technology Co generated revenue of 2.6B CNY at a net margin of -1.9%. Revenue grew 1.1% year over year. It earns a return on equity of -9.0%. Net debt stands at 37.3M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥4.24 (bear case) to ¥7.25 (bull case); at ¥27.25, 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 44% 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 -16% fair-value upside, at -79%, 603657 screens richer 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.

Model 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
Highest evidence
ROIC Compounder ¥6.98 ¥7.96 ¥8.86 72
Gordon GGM ¥1.12 ¥2.22 ¥3.37 70
DDM Multi-Stage ¥1.12 ¥1.92 ¥2.35 61
All 8 models by family
Earnings-Based
EPV ¥6.91 ¥7.30 ¥7.64 59
Dividend Discount
Gordon GGM ¥1.12 ¥2.22 ¥3.37 70
DDM Multi-Stage ¥1.12 ¥1.92 ¥2.35 61
Multiples
EV/EBIT ¥8.94 ¥10.44 ¥11.95 53
EV/EBITDA ¥13.87 ¥17.01 ¥20.16 54
EV/Revenue ¥7.46 ¥8.77 ¥10.07 43
Asset-Based
NCAV (Graham) ¥3.42 ¥4.59 ¥6.85 50
Economic Profit
ROIC Compounder ¥6.98 ¥7.96 ¥8.86 72

Widest divergence: Multiples (¥10.44) versus Dividend Discount (¥1.92). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 2.6B CNY
Revenue growth (YoY) +1.1%
Net margin -1.9%
Return on equity -9.0%
Free cash flow −155M CNY FY2025
Operating margin -5.8%
More key figures
EPS (TTM) ¥-0.3600
EPS growth (YoY) -50.8%
Net debt 37.3M CNY FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 45 · Market factors (momentum, volatility) 30

Profitability 25
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 91
Buybacks instead of dilution

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

Jinhua Chunguang Technology Co.,Ltd engages in the research and development, production, and sales of cleaning appliance hoses accessories and complete machine ODM/OEM products in China and internationally.

Full company description

Jinhua Chunguang Technology Co.,Ltd engages in the research and development, production, and sales of cleaning appliance hoses accessories and complete machine ODM/OEM products in China and internationally. The company offers central vacuum cleaner, hanging irons, dishwashers, steel wire/spiral, extrusion, stretch, blow mold, and wet vacuum hoses, as well as vacuum cleaner accessories. It also provides special shaped blow mold, garment steamer hose, and garden and commercial hose products. The company was founded in 1985 and is headquartered in Jinhua, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jinhua Chunguang Technology Co reported revenue of ¥2.6B in FY2025 versus ¥1.3B in FY2021, a compound +18.6%/yr. Reported net income was −¥10.5M in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.6B CNY
Latest YoY
+20.7%
Avg. growth/yr (3Y) 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.
+10.1%
Avg. growth/yr (5Y) 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.
+24.6%
Avg. growth/yr (11Y) 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.
+20.7%
Revenue +18.6%/yr
FY21 ¥1.3B
FY22 ¥1.9B
FY23 ¥1.8B
FY24 ¥2.1B
FY25 ¥2.6B
Net income
FY21 ¥110M
FY22 ¥98.4M
FY23 ¥25.0M
FY24 ¥14.3M
FY25 −¥10.5M
Character of growth · EPS growth decomposed (2014-2024) −3.8 % p.a.
Revenue per share +8.9 pp

of which total revenue +22.1 pp · buybacks/dilution −13.3 pp

EBIT margin −19.0 pp
Tax rate +2.2 pp
Residual (interest, one-offs) +4.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

603657 screens 79% overvalued. Compare with Apple Inc →

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Cite: Fair Value Calculator (2026). "Jinhua Chunguang Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/603657

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.

Quality Score 47 · Below median
Fair Value upside −79% · Bottom 25%
Return on assets -1% · Below median
Net margin (TTM) -2% · Below median
Operating margin (TTM) -6% · Below median
Revenue growth 1% · Below median

Valuation Multiples vs Consumer Electronics median · lower = cheaper

P/B 0.50× · Cheaper than median
P/S (TTM) 0.18× · Cheaper than median

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 · sector 8
FUTURE 6 · sector 13
PAST 0 · sector 10
HEALTH 100 · sector 97
DIVIDEND 0 · sector 29

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.

None of the checked exposures detected

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 12, 2026).

Stock Price Fair Value vs Fair Value
Apple Inc AAPL $313.33 $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%
Huaqin Co 603296 ¥78.20 ¥65.69 -16%
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%

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Frequently asked questions

Is Jinhua Chunguang Technology Co (603657) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥5.75 versus a price of ¥27.25, about −79% (overvalued).
What is the fair value of 603657?
Our model-based fair value for Jinhua Chunguang Technology Co is ¥5.75 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥27.25.
What is the quality score of 603657?
Jinhua Chunguang Technology Co has a Quality Score of 47/100. 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 revenue of Jinhua Chunguang Technology Co (603657)?
Jinhua Chunguang Technology Co reported trailing-twelve-month revenue of about 2.6B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 603657?
The net profit margin of Jinhua Chunguang Technology Co is about -1.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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