Zhiyang Innovation Technology Co. Ltd. A (688191) fair value: what the stock is really worth
As of Oct 27, 2026: fair value (intrinsic value) of Zhiyang Innovation Technology Co. Ltd. A stock ¥3.98, price ¥16.01, upside -75.1%, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?Yes
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 28, 2026.
How to read this chart
60‑month range ¥4.41 – ¥41.70 · fair‑value band ¥2.26 – ¥4.83 · the ¥16.01 price screens above the ¥3.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 28, 2026.
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Zhiyang Innovation Technology Co., Ltd. operates as artificial intelligence company in China.
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The company offers day and night integrated, high-definition intelligent, AI intelligent computing, intelligent visual, wide-eye panoramic monitoring and shooting, and video online monitoring devices, as well as dual spectrum and intelligent visual inspection devices.
It also provides mobile communication and ad-hoc network transmission plans; edge computing products, such as Al rubik's cube and edge smart terminal; platform software comprising transmission line intelligent monitoring system, station scene intelligent inspection system, big data analysis platform, Zhiyang AI open platform, distribution system, substation auxiliary equipment monitoring system, substation one-key sequence control, substation remote intelligent inspection, and emergency repair command video systems; and 3D inspection products.
In addition, the company offers digital grid, new energy, rail transit, smart water conservancy, and geological disaster monitoring solutions. The company was founded in 2006 and is based in Zibo, China.
Stock analysis
Zhiyang Innovation Technology Co. Ltd. A (688191) currently trades at ¥16.01, while our model-based Fair Value estimate is ¥3.98, 75.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥6.61 per share, and 0 of the 17 models we run sit above the ¥16.01 price.
Bear case: the DCF Models group reads lowest at ¥1.11, and 17 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥2.26 (bear) to ¥4.83 (bull), the price of ¥16.01 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Zhiyang Innovation Technology Co. Ltd. A reported revenue of 1.2B CNY in FY2025 versus 656M CNY in FY2021, a compound +16.1%/yr. Reported net income was 64.2M CNY in FY2025, compounding −2.3%/yr from FY2021.
Key figures
Market cap 5.3B CNY (≈ $789M) Small · P/E ratio 114.0 · P/S ratio 6.15 · EPS (TTM) ¥−0.0100 · Dividend yield 0.4% · Net margin −0.2% · Return on equity −0.5% · Return on assets (EBIT) 3.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).
What moves the price
The share trades about 62% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −33% fair-value upside, at −75%, 688191 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥1.11 to ¥11.07). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥2.26Fair Value ¥3.98Bull¥4.83
Price ¥16.01 · Upside -75.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+24.2%
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+37.2%
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’17
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’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−4.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.9%
Dividend (yield on the price)0.4%
Per share before 2025divided by the spin-off factor 1.49
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.7% vs 2.4%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.22% → 6%
2025 sits 130% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Zhiyang Innovation Technology Co. Ltd. A with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Electrical Equipment & Parts · 561 stocks
Beats the industry median on 1/11 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−75.1% · Bottom 25%
Profitability
Return on assets3.6% · Below median
Net margin (12 months)−0.2% · Bottom 25%
Operating margin (12 months)−15.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−20.2% · Bottom 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (12 months)114.0× · Priciest 25%
P/B5.91× · Priciest 25%
P/S (12 months)4.56× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 65
PAST (return on equity)0· sector 26
HEALTH (low debt)97· sector 97
DIVIDEND (yield)9· sector 24
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Zhiyang Innovation Technology Co. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688191
Frequently asked questions
Is Zhiyang Innovation Technology Co. Ltd. A (688191) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of ¥3.98 versus a price of ¥16.01, about −75% upside (overvalued).
What is the fair value of 688191?
Our model-based fair value for Zhiyang Innovation Technology Co. Ltd. A is ¥3.98 (as of Oct 28, 2026), built from audited fundamentals. The current price: ¥16.01.
What is the quality score of 688191?
Zhiyang Innovation Technology Co. Ltd. A has a Quality Score of 56/100. 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 price target for Zhiyang Innovation Technology Co. Ltd. A (688191)?
Our model-based price target is the fair value of ¥3.98 (as of Oct 28, 2026) from 17 valuation models. Cautious scenario ¥2.26, optimistic scenario ¥4.83. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhiyang Innovation Technology Co. Ltd. A stock forecast for 2026?
Our models put fair value at ¥3.98, about −75% upside versus a price of ¥16.01 (overvalued). Cautious scenario ¥2.26, optimistic scenario ¥4.83. The calculation is refreshed regularly with new filings.
What is the revenue of Zhiyang Innovation Technology Co. Ltd. A (688191)?
Zhiyang Innovation Technology Co. Ltd. A reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Oct 28, 2026).
Does Zhiyang Innovation Technology Co. Ltd. A pay a dividend?
Zhiyang Innovation Technology Co. Ltd. A currently shows a dividend yield of 0.44% relative to its recent price (as of Oct 28, 2026).
What is the intrinsic value of Zhiyang Innovation Technology Co. Ltd. A (688191)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhiyang Innovation Technology Co. Ltd. A it is ¥3.98 per share (as of Oct 28, 2026), against a price of ¥16.01. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Zhiyang Innovation Technology Co. Ltd. A stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 688191 trades above its calculated fair value: price ¥16.01, fair value ¥3.98, a gap of about −75% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 688191?
No. The price is what the market pays today (¥16.01); the fair value is what the company's own numbers justify (¥3.98). For Zhiyang Innovation Technology Co. Ltd. A the two are ¥12.03 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhiyang Innovation Technology Co. Ltd. A worth?
The market values Zhiyang Innovation Technology Co. Ltd. A at about 5.3B CNY (market capitalisation, as of Oct 28, 2026). Per share that is ¥16.01; our models calculate a fair value of ¥3.98 per share.
What do the bullish and bearish scenarios say about 688191?
Our models span a range for Zhiyang Innovation Technology Co. Ltd. A: cautious scenario ¥2.26, base ¥3.98, optimistic ¥4.83 per share (as of Oct 28, 2026, price ¥16.01). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688191?
Zhiyang Innovation Technology Co. Ltd. A trades at a price-to-earnings ratio of 114.0 (as of Oct 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥3.98 is built from several models across several years. Other multiples: P/B 5.9, P/S 4.6.
How solid is the balance sheet of Zhiyang Innovation Technology Co. Ltd. A (688191)?
Balance-sheet figures for Zhiyang Innovation Technology Co. Ltd. A (as of Oct 28, 2026): return on equity −0.5%, debt of 0.07 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 688191 from its 52-week high?
Zhiyang Innovation Technology Co. Ltd. A trades at ¥16.01, about 62% below its 52-week high of ¥41.70 and 2% above the low of ¥15.75 (as of Oct 27, 2026). Distance from the high says nothing about value: that is what the fair value of ¥3.98 is for.
Which stocks are comparable to Zhiyang Innovation Technology Co. Ltd. A?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zhiyang Innovation Technology Co. Ltd. A stock attractive at the current price?
The data as of Oct 28, 2026: price ¥16.01, calculated fair value ¥3.98 (−75%), Quality Score 56/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 688191 calculated?
We run Zhiyang Innovation Technology Co. Ltd. A through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥3.98, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Zhiyang Innovation Technology Co. Ltd. A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zhiyang Innovation Technology Co. Ltd. A (688191)?
The closing price on Oct 27, 2026 was ¥16.01. Our model-based fair value is ¥3.98, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhiyang Innovation Technology Co. Ltd. A right now?
The price sits above even our optimistic bull case (¥4.83). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥2.26 to ¥4.83) leaves room in how you read the outcome.
Key figures of Zhiyang Innovation Technology Co. Ltd. A
How large is the market capitalisation of Zhiyang Innovation Technology Co. Ltd. A (688191)?
The market capitalisation of Zhiyang Innovation Technology Co. Ltd. A is 5.3B CNY (≈ $789M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zhiyang Innovation Technology Co. Ltd. A (688191)?
The price-to-sales ratio of Zhiyang Innovation Technology Co. Ltd. A is 6.15 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zhiyang Innovation Technology Co. Ltd. A (688191)?
Earnings per share at Zhiyang Innovation Technology Co. Ltd. A are ¥−0.0100 (price ÷ EPS = P/E 114.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhiyang Innovation Technology Co. Ltd. A (688191)?
The dividend yield of Zhiyang Innovation Technology Co. Ltd. A is 0.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zhiyang Innovation Technology Co. Ltd. A (688191)?
The net margin of Zhiyang Innovation Technology Co. Ltd. A is −0.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zhiyang Innovation Technology Co. Ltd. A (688191)?
The return on equity (ROE) of Zhiyang Innovation Technology Co. Ltd. A is −0.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zhiyang Innovation Technology Co. Ltd. A (688191)?
On an EBIT basis the return on assets of Zhiyang Innovation Technology Co. Ltd. A is 3.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zhiyang Innovation Technology Co. Ltd. A (688191)?
The operating margin of Zhiyang Innovation Technology Co. Ltd. A is −15.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhiyang Innovation Technology Co. Ltd. A (688191)?
Revenue at Zhiyang Innovation Technology Co. Ltd. A is growing −20.2% versus a year earlier (3y avg +21.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zhiyang Innovation Technology Co. Ltd. A (688191)?
Earnings per share at Zhiyang Innovation Technology Co. Ltd. A are growing +19.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zhiyang Innovation Technology Co. Ltd. A (688191) generate?
The free cash flow of Zhiyang Innovation Technology Co. Ltd. A is −21.6M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Zhiyang Innovation Technology Co. Ltd. A (688191) hold?
Zhiyang Innovation Technology Co. Ltd. A holds more cash than debt, 190M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Oct 28, 2026