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Suzhou HYC Technology Co (688001) Fair Value & Analysis

Technology · CN · Market cap 23.6B CNY

SH Suzhou HYC Technology Co 688001 · SHG
Price¥49.00
Fair Value¥47.01
Upside-4.1%
Quality73/100
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Healthy Growth
Thin margins · 4.9% net margin
Low debt · generates free cash flow
0.11% dividend yield
Trails peers (5/14)
Narrow moat 33/100
Evidence: High Range ¥32.83 – ¥48.70 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Fair value updated Aug 13, 2026, revised from ¥3.20 to ¥47.01 (+1,369.1%) since Aug 11, 2026. Share price −21.0% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥32.83 (bear) to ¥48.70 (bull), base ¥47.01. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 73/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥92.54 ¥19.23 Fair Value ¥47.01 Mar 2021 Aug 2026

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 ¥19.23 – ¥92.54 · fair‑value band ¥32.83 – ¥48.70 · the ¥49.00 price screens above the ¥47.01 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Suzhou HYC Technology Co (688001) currently trades at ¥49.00, while our model-based Fair Value estimate is ¥47.01, implying the stock looks roughly 4.1% fairly valued today. The Quality Score stands at 73/100 (solid 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: high).

Over the trailing twelve months, Suzhou HYC Technology Co generated revenue of 2.3B CNY at a net margin of 4.9%. Revenue grew 37.0% year over year. It earns a return on equity of 3.3%. Net debt stands at 526M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥32.83 (bear case) to ¥48.70 (bull case); at ¥49.00, 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 43% below its 52-week high and 108% 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 -4%, 688001 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥0.6400 to ¥24.99). Read the values as a conservative anchor, not as a price target.
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
Growth DCF ¥13.32 ¥23.87 ¥41.84 80
Residual Income ¥5.19 ¥4.95 ¥3.98 76
Rev-Margin DCF ¥4.97 ¥7.11 ¥9.92 74
All 26 models by family
DCF Models
FCF DCF ¥13.44 ¥24.99 ¥45.23 38
Owner Earnings ¥5.18 ¥9.91 ¥18.20 31
5Y Revenue Exit ¥4.97 ¥6.94 ¥9.26 39
5Y EBITDA Exit ¥8.55 ¥14.36 ¥21.50 41
5Y P/E Exit ¥6.18 ¥9.45 ¥13.01 38
10Y Revenue Exit ¥7.64 ¥10.48 ¥14.21 36
10Y EBITDA Exit ¥10.07 ¥15.94 ¥24.51 37
10Y P/E Exit ¥8.50 ¥12.32 ¥17.37 35
Earnings-Based
Graham-Dodd ¥1.16 ¥5.49 ¥7.55 54
Lynch FV ¥1.46 ¥2.08 ¥2.70 50
PEG = 1.0 ¥1.46 ¥2.08 ¥2.70 46
EPV ¥0.9200 ¥1.17 ¥1.38 59
Dividend Discount
Gordon GGM ¥0.3700 ¥0.7600 ¥1.21 70
DDM Multi-Stage ¥0.3700 ¥0.6400 ¥0.8000 61
Multiples
P/E Multiple ¥3.59 ¥4.78 ¥5.98 63
P/S Multiple ¥2.18 ¥2.90 ¥3.63 58
P/B Multiple ¥2.18 ¥2.90 ¥3.63 55
EV/EBIT ¥2.53 ¥3.56 ¥4.59 53
EV/EBITDA ¥6.81 ¥9.26 ¥11.71 54
EV/Revenue ¥1.01 ¥1.68 ¥2.35 43
Asset-Based
NCAV (Graham) ¥3.66 ¥4.90 ¥7.32 50
Growth DCF
Growth DCF ¥13.32 ¥23.87 ¥41.84 80
Rev-Margin DCF ¥4.97 ¥7.11 ¥9.92 74
Economic Profit
Residual Income ¥5.19 ¥4.95 ¥3.98 76
ROIC Compounder ¥0.9200 ¥1.17 ¥1.38 72
Growth Earnings
Growth-Adj P/E ¥2.71 ¥3.88 ¥5.04 68

Widest divergence: DCF Models (¥10.48) versus Dividend Discount (¥0.6400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.3B CNY
Revenue growth (YoY) +37.0%
Net margin 4.9%
Return on equity 3.3%
Free cash flow 508M CNY FY2025
P/E ratio 188.5
More key figures
Operating margin 7.2%
EPS (TTM) ¥0.2600
Dividend yield 0.1%
EPS growth (YoY) +74.1%
Net debt 526M CNY FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 72 · Market factors (momentum, volatility) 52

Profitability 33
Margins and returns on capital today
Quality Growth 93
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 1
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 71
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

Suzhou HYC Technology Co.,Ltd. provides industrial testing equipment and turnkey solutions for flat panel display, intelligent wearable, semiconductor, and automotive electronics industries in China.

Full company description

Suzhou HYC Technology Co.,Ltd. provides industrial testing equipment and turnkey solutions for flat panel display, intelligent wearable, semiconductor, and automotive electronics industries in China. The company's products include LCD/OLED touch senser panel testing equipment, LCD/OLED reliability tester, OLED substrate level touch testing equipment, OLED micro crack AOI equipment, OLED de-mura automatic testing equipment, OLED image defect testing equipment, OLED image chroma defect testing equipment, OLED moudle touch function automatic testing equipment, micro OLED display testing equipment, micro OLED display testing equipment, vehicle LCD display black mura testing equipment, aging chamber, pattern generator, 3D light field camera, color analyzer, and imaging colorimeter. It also provides flat panel display detection, testing, and inspection equipment; Touch detection equipment; semiconductor testing equipment; flat panel display GAMMA and DEMURA automatic testing equipment; battery charging and discharging equipment; micro display detection equipment; smartwatch screen function automated testing equipment; touch screen open circuit / short circuit inspection machine; black spot detection equipment; acoustic testing equipment; wearable device testing equipment; front-end glass particle electrical optical composite inspection equipment; wireless headphones; speaker; LCD array; automatic measuring equipment; glass automatic detection equipment; ATE architecture semiconductor tester; vehicle electronic inspection testing equipment; and car electronics test equipment. Suzhou HYC Technology Co.,Ltd. was founded in 2005 and is headquartered in Suzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Suzhou HYC Technology Co reported revenue of ¥2.2B in FY2025 versus ¥2.0B in FY2021, a compound +2.4%/yr. Reported net income was ¥80.6M in FY2025, compounding −28.8%/yr from FY2021.

Growth Quality 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.2B CNY
Latest YoY
+22.0%
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.
−1.4%
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.
+5.8%
Avg. growth/yr (9Y) 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.
+17.6%
Revenue +2.4%/yr
FY21 ¥2.0B
FY22 ¥2.3B
FY23 ¥1.9B
FY24 ¥1.8B
FY25 ¥2.2B
Net income −28.8%/yr
FY21 ¥314M
FY22 ¥331M
FY23 ¥240M
FY24 −¥497M
FY25 ¥80.6M

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Cite: Fair Value Calculator (2026). "Suzhou HYC Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/688001

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.

Quality Score 73 · Top 25%
Fair Value upside −4% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 37% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.21× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 188.5× · Pricier than 75% of peers
P/B 6.83× · Pricier than 75% of peers
P/S (TTM) 10.08× · Pricier than 75% of peers
P/FCF 6.9× · Pricier than median
EV/EBITDA 80.8× · Pricier than 75% of peers

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 28 · sector 0
FUTURE 100 · sector 36
PAST 13 · sector 24
HEALTH 89 · sector 95
DIVIDEND 2 · sector 24

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,790 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
Shengyi Technology Co 600183 ¥143.23 ¥36.30 -75%
Shennan Circuits Co 002916 ¥385.80 ¥125.52 -67%
Victory Giant Technology (HuiZhou) Co 2476 HK$238.60 HK$75.68 -68%
Kingboard Laminates Holdings 1888 HK$38.70 HK$8.95 -77%
Asia Vital Components Co 3017 2,910 TWD 1,369 TWD -53%
Nan Ya Printed Circuit Board Corporation 8046 1,215 TWD 1,768 TWD +46%

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Frequently asked questions

Is Suzhou HYC Technology Co (688001) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥47.01 versus a price of ¥49.00, about −4% (fairly valued).
What is the fair value of 688001?
Our model-based fair value for Suzhou HYC Technology Co is ¥47.01 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥49.00.
What is the quality score of 688001?
Suzhou HYC Technology Co has a Quality Score of 73/100. 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 Suzhou HYC Technology Co (688001)?
Suzhou HYC Technology Co reported trailing-twelve-month revenue of about 2.3B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 688001?
The net profit margin of Suzhou HYC Technology Co is about 4.9%, meaning it keeps roughly 4.9% of revenue as net income. Based on the latest reported figures.
Does Suzhou HYC Technology Co pay a dividend?
Suzhou HYC Technology Co currently shows a dividend yield of about 0.11% relative to its recent price (as of Aug 13, 2026).

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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