MayAir Technology (China) Co (688376) Fair Value & Analysis
Industrials · CN · Market cap 9.7B CNY
Fair value as of: Jul 12, 2026
From 25 valuation models · updated 29 days ago
Share price −25.3% over the past month.
Below-average quality, and screening another 73% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥23.50). The favourable scenario is already priced in.
- Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (4 years)
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 ¥24.42 – ¥106.10 · fair‑value band ¥13.49 – ¥23.50 · the ¥69.44 price screens above the ¥18.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.
Analysis
MayAir Technology (China) Co (688376) currently trades at ¥69.44, while our model-based Fair Value estimate is ¥18.80, implying the stock looks roughly 72.9% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials 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, MayAir Technology (China) Co generated revenue of 2.1B CNY at a net margin of 5.4%. Revenue grew 44.5% year over year. It earns a return on equity of 6.3%. Net debt stands at 122M CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥13.49 (bear case) to ¥23.50 (bull case); at ¥69.44, 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 19% below its 52-week high and 106% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -73%, 688376 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 25 models by family
Widest divergence: DCF Models (¥22.20) versus Dividend Discount (¥5.85). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 65
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
MayAir Technology (China) Co., Ltd. engages in the research and development, production, and sale of medical air purification equipment and atmospheric environment treatment products in China.
Full company description
MayAir Technology (China) Co., Ltd. engages in the research and development, production, and sale of medical air purification equipment and atmospheric environment treatment products in China. The company's products include fan filter units; media, chemical, functional, electrostatic, and cartridge filters; and bio-safety sterile purification equipment, home and commercial air purifiers, medical disinfection machines, purification equipment, dust and oil mist removal equipment, kitchen oil fume equipment, and kitchen exhaust systems. Its products are used in semiconductors, public health care, biopharmaceutical, and food industries, as well as medical institutions, large commercial buildings, public places, home environments, industrial dust removal, VOCs treatment, etc. MayAir Technology (China) Co., Ltd. was founded in 2001 and is based in Nanjing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
MayAir Technology (China) Co reported revenue of ¥1.9B in FY2025 versus ¥1.1B in FY2021, a compound +13.8%/yr. Reported net income was ¥121M in FY2025, compounding +2.8%/yr from FY2021.
688376 screens 73% overvalued. Compare with Veralto Corporation →
Peer Group
Pollution & Treatment Controls · 91 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 Pollution & Treatment Controls 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.
Similar stocks
10 more Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Veralto Corporation VLTO | $94.21 | $69.11 | -27% |
| Zurn Elkay Water Solutions Corporation ZWS | $47.63 | $24.92 | -48% |
| Canmax Technologies Co 300390 | ¥57.02 | ¥10.41 | -82% |
| CECO Environmental Corp CECO | $83.63 | $15.19 | -82% |
| Fujian Longking Co 600388 | ¥17.58 | ¥15.59 | -11% |
| Munters Group MTRS | kr 166.60 | kr 16.90 | -90% |
| China Conch Venture Holdings 0586 | HK$8.83 | HK$14.14 | +60% |
| Mega Union Technology Inc 6944 | 1,005 TWD | 539.58 TWD | -46% |
| Shanghai Emperor of Cleaning Hi-Tech Co 603200 | ¥38.97 | ¥5.73 | -85% |
| Zhongyuan Environmental Protection Co 000544 | ¥7.30 | ¥15.46 | +112% |
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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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