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Hunan Kylinsec Technology Co (688152) Fair Value & Analysis

Technology · CN · Market cap 3.0B CNY

HK Hunan Kylinsec Technology Co 688152 · SHG
Price¥28.62
Fair Value¥5.87
Upside-79.5%
Quality34/100
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Expensive Growth
Loss-making · -16.8% net margin
negative free cash flow
Mixed vs. peers (5/10)
Narrow moat 12/100
Evidence: Medium Range ¥4.79 – ¥6.95 Share as image

Fair value as of: Jul 12, 2026

From 6 valuation models · updated 30 days ago

Fair value updated Jul 12, 2026, revised from ¥6.48 to ¥5.87 (−9.4%) since Jun 24, 2026. Share price +4.6% 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 (¥6.95). The favourable scenario is already priced in.
  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (4 years)

¥122.85 ¥23.54 Fair Value ¥5.87 Oct 2022 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

45‑month range ¥23.54 – ¥122.85 · fair‑value band ¥4.79 – ¥6.95 · the ¥28.62 price screens above the ¥5.87 fair value. Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

Hunan Kylinsec Technology Co (688152) currently trades at ¥28.62, while our model-based Fair Value estimate is ¥5.87, implying the stock looks roughly 79.5% overvalued today. The Quality Score stands at 34/100 (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, Hunan Kylinsec Technology Co generated revenue of 316M CNY at a net margin of -16.8%. Revenue grew 14.8% year over year. It earns a return on equity of -4.3%. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥4.79 (bear case) to ¥6.95 (bull case); at ¥28.62, 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 58% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -79%, 688152 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 ¥3.28 ¥3.55 ¥3.78 67
EPV ¥3.28 ¥3.55 ¥3.78 59
EV/EBITDA ¥5.25 ¥6.48 ¥7.71 54
All 6 models by family
Earnings-Based
EPV ¥3.28 ¥3.55 ¥3.78 59
Multiples
EV/EBIT ¥4.79 ¥5.87 ¥6.95 53
EV/EBITDA ¥5.25 ¥6.48 ¥7.71 54
EV/Revenue ¥3.74 ¥4.67 ¥5.61 43
Asset-Based
NCAV (Graham) ¥5.98 ¥8.01 ¥11.95 50
Economic Profit
ROIC Compounder ¥3.28 ¥3.55 ¥3.78 67

Widest divergence: Asset-Based (¥8.01) versus Earnings-Based (¥3.55). Highest evidence: ROIC Compounder (67).

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Key figures & financial health

Revenue (TTM) 316M CNY
Revenue growth (YoY) +14.8%
Net margin -16.8%
Return on equity -4.3%
Free cash flow −9.0M CNY FY2025
Operating margin -33.2%
More key figures
EPS (TTM) ¥-0.4800
EPS growth (YoY) +785%

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

Quality Score breakdown

Overall quality 34/100

Of which business quality 35 · Market factors (momentum, volatility) 18

Profitability 8
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
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

Hunan Kylinsec Technology Co., Ltd., together with its subsidiaries, provides operating system products and services in China.

Full company description

Hunan Kylinsec Technology Co., Ltd., together with its subsidiaries, provides operating system products and services in China. The company offers server, desktop, and embedded operating systems, as well as operating system value-added products; cloud computing products comprising cloud desktop, lightweight cloud platforms, hyper-converged all-in-one, and cloud terminal/cloud computer; information security products consisting of Kylin security storage systems and terminal security management software; and artificial intelligence products, such as Kylin security intelligent computing machines and Kylin security intelligent operation and maintenance platforms, as well as country-level information technology innovation cloud office systems; and storage encryption systems for information security. It also provides vocational education cloud classroom, information technology innovation cloud desktop, secure cloud office, police office, power dispatching, CentOS transparent application, 3D application, and CentOS security hardening kit solutions; public services, such as industry qualification training, market connection, project incubation, and policy guidance; technology co-creation adaptation and migration, and industry expansion and innovation; and technical support services. The company serves the party and government, energy, finance, and vocational education industries. Hunan Kylinsec Technology Co., Ltd. was founded in 2015 and is headquartered in Changsha, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hunan Kylinsec Technology Co reported revenue of ¥310M in FY2025 versus ¥338M in FY2021, a compound −2.1%/yr. Reported net income was −¥58.1M in FY2025.

Growth Quality 25/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
310M CNY
Latest YoY
+8.4%
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.
−8.1%
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.
+6.1%
Revenue −2.1%/yr
FY21 ¥338M
FY22 ¥400M
FY23 ¥163M
FY24 ¥286M
FY25 ¥310M
Net income
FY21 ¥112M
FY22 ¥129M
FY23 −¥30.1M
FY24 ¥7.9M
FY25 −¥58.1M

688152 screens 79% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "Hunan Kylinsec Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/688152

Peer Group

Software - Infrastructure · 371 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 34 · Bottom 25%
Fair Value upside −80% · Bottom 25%
Return on assets 1% · Above median
Net margin (TTM) -17% · Bottom 25%
Operating margin (TTM) -33% · Bottom 25%
Revenue growth 15% · Above median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 0.37× · Cheaper than 75% of peers
P/S (TTM) 1.42× · Cheaper than median
EV/EBITDA 8.1× · 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 0
FUTURE 74 · sector 46
PAST 0 · sector 14
HEALTH 0 · sector 98
DIVIDEND 0 · sector 28

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 Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is Hunan Kylinsec Technology Co (688152) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥5.87 versus a price of ¥28.62, about −79% (overvalued).
What is the fair value of 688152?
Our model-based fair value for Hunan Kylinsec Technology Co is ¥5.87 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥28.62.
What is the quality score of 688152?
Hunan Kylinsec Technology Co has a Quality Score of 34/100. 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 Hunan Kylinsec Technology Co (688152)?
Hunan Kylinsec Technology Co reported trailing-twelve-month revenue of about 316M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688152?
The net profit margin of Hunan Kylinsec Technology Co is about -16.8%, 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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