Anji Microelectronics Technology (Shanghai) Co (688019) Fair Value & Analysis
Technology · CN · Market cap 57.3B CNY
Fair value as of: Aug 11, 2026
From 26 valuation models · updated today
Share price −19.1% over the past month.
A solid business, but screening 76% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥138.84). The favourable scenario is already priced in.
- The model range is unusually wide (¥30.96 to ¥138.84). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (62/100) 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 Aug 11, 2026.
How to read this chart
60‑month range ¥54.96 – ¥343.90 · fair‑value band ¥30.96 – ¥138.84 · the ¥253.08 price screens above the ¥59.68 fair value. Dashed = 300-day average. As of Aug 11, 2026.
Analysis
Anji Microelectronics Technology (Shanghai) Co (688019) currently trades at ¥253.08, while our model-based Fair Value estimate is ¥59.68, implying the stock looks roughly 76.4% overvalued today. The Quality Score stands at 62/100 (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, Anji Microelectronics Technology (Shanghai) Co generated revenue of 2.7B CNY at a net margin of 30.7%. Revenue grew 32.8% year over year. It earns a return on equity of 22.0%. The balance sheet holds a net cash position of 571M CNY. Fundamentals as of Aug 11, 2026
Our scenario range runs from ¥30.96 (bear case) to ¥138.84 (bull case); at ¥253.08, 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 27% below its 52-week high and 90% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -76%, 688019 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.
All 26 models by family
Widest divergence: Growth Earnings (¥156.45) versus Dividend Discount (¥4.39). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 60
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
Anji Microelectronics Technology (Shanghai) Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells semiconductor materials in China and internationally.
Full company description
Anji Microelectronics Technology (Shanghai) Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells semiconductor materials in China and internationally. The company offers chemical mechanical polishing slurry, such as copper and copper barrier layers, tungsten slurries, dielectric polishing slurries, ceria-based dielectric polishing slurries, chemical mechanical polishing slurries for substrate, and polishing slurries for new materials and new processes. It also provides formulated wet electronic chemicals, including post etch and CMP cleaning solutions, photoresist strippers, etchants, and ECP (Electro-chemical Plating) solution and additives. Anji Microelectronics Technology (Shanghai) Co., Ltd. was founded in 2004 and is based in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Anji Microelectronics Technology (Shanghai) Co reported revenue of ¥2.5B in FY2025 versus ¥687M in FY2021, a compound +38.2%/yr. Reported net income was ¥789M in FY2025, compounding +58.5%/yr from FY2021.
688019 screens 76% overvalued. Compare with ASML Holding →
Peer Group
Semiconductor Equipment & Materials · 213 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 Semiconductor Equipment & Materials 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.
Insider activity: 35/100
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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | C$50.50 | C$15.57 | -69% |
| Applied Materials, Inc AMAT | $579.43 | $143.08 | -75% |
| Lam Research Corporation LRCX | $346.10 | $67.57 | -80% |
| KLA Corporation KLAC | $212.75 | $53.01 | -75% |
| NAURA Technology Group 002371 | ¥774.20 | ¥151.43 | -80% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥350.69 | ¥41.79 | -88% |
| Piotech Inc 688072 | ¥832.00 | ¥431.44 | -48% |
| Hon. Precision, Inc 7769 | 6,005 TWD | 1,804 TWD | -70% |
| Hangzhou Changchuan Technology Co 300604 | ¥325.24 | ¥33.33 | -90% |
| MPI Corporation 6223 | 5,600 TWD | 609.44 TWD | -89% |
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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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