WG TECH (Jiang Xi) Co (603773) Fair Value & Analysis

Technology · CN · Market cap 21.4B CNY

Below-average quality, and screening another 89% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥14.33). The favourable scenario is already priced in.
• Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
• A fairly wide model range (¥6.71 to ¥14.33) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥9.40 – ¥178.00 · fair‑value band ¥6.71 – ¥14.33 · the ¥93.80 price screens above the ¥10.52 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

WG TECH (Jiang Xi) Co (603773) currently trades at ¥93.80, while our model-based Fair Value estimate is ¥10.52, implying the stock looks roughly 88.8% overvalued today. The Quality Score stands at 32/100 (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, WG TECH (Jiang Xi) Co generated revenue of 2.6B CNY at a net margin of -7.1%. Revenue grew 8.5% year over year. It earns a return on equity of -12.2%. Net debt stands at 1.1B CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥6.71 (bear case) to ¥14.33 (bull case); at ¥93.80, 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 41% below its 52-week high and 354% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -89%, 603773 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.

Widest divergence: Dividend Discount (¥39.67) versus Multiples (¥10.52). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

WG TECH (Jiang Xi) Co., Ltd. provides glass-based circuit boards and related electronic devices in China. Its products include mini and micro-LED glass substrates, semiconductor advanced packaging substrates, CPO applications and RF devices, MIP carrier and direct display substrates, UTG ultra-thin flexible glasses, CPI transparent polyimides, and touch …

Full company description

WG TECH (Jiang Xi) Co., Ltd. provides glass-based circuit boards and related electronic devices in China. Its products include mini and micro-LED glass substrates, semiconductor advanced packaging substrates, CPO applications and RF devices, MIP carrier and direct display substrates, UTG ultra-thin flexible glasses, CPI transparent polyimides, and touch products. The company is involved in the FPD optoelectronic glass finishing business, such as glass thinning, coating, cutting, and yellow light. It also provides backlight module products, including LCD backlight and glass-based MiniLED backlight products for use in MNT displays, laptops, TVs, and cars. In addition, it offers display touch module products; and high-end optical film die-cutting products used in LCD displays, OLED display products, as well as glass-based TGV multilayer circuit boards and glass optical devices used in MicroLED direct displays and high computing power transmission products. The company was founded in 2009 and is based in Xinyu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WG TECH (Jiang Xi) Co reported revenue of ¥2.6B in FY2025 versus ¥1.0B in FY2021, a compound +24.9%/yr. Reported net income was −¥158M in FY2025.

603773 screens 89% overvalued. Compare with Delta Electronics, Inc →

Peer Group

Electronic Components · 647 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 Electronic Components 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.

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Frequently asked questions

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.