Hi-Trend Tech(Shanghai)Co Ltd (688391) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Hi-Trend Tech(Shanghai)Co Ltd ¥10.11, price ¥27.02, upside -62.6%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Sep 24, 2026.
How to read this chart
48‑month range ¥18.03 – ¥72.90 · fair‑value band ¥8.22 – ¥10.94 · the ¥27.02 price screens above the ¥10.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Hi-Trend Technology (Shanghai) Co., Ltd. designs, develops, and sells integrated circuit (IC) products in China.
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Hi-Trend Technology (Shanghai) Co., Ltd. designs, develops, and sells integrated circuit (IC) products in China. The company's products portfolio includes communication ICs, such as narrow-band & low-speed BPSK SoC chips, narrow-band & high-speed OFDM SoC chips, broad-band & high-speed HPLC SoC chips, and broad-band & double module HPRC SoC chips, etc.; metering products, including three-phase metering series, single-phase metering series, single-phase SOC series, and single-phase/three-phase metering chips; and MCU ICs, as well as power line carrier chips. It also provides technical advisory and support services. Hi-Trend Technology (Shanghai) Co., Ltd. was founded in 2005 and is headquartered in Shanghai, China.
Stock analysis
Hi-Trend Tech(Shanghai)Co Ltd (688391) currently trades at ¥27.02, while our model-based Fair Value estimate is ¥10.11, implying the stock looks roughly 167.4% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥10.78 per share, and 0 of the 11 models we run sit above the ¥27.02 price.
Bear case: the Earnings-Based group reads lowest at ¥3.08, and 11 of the 11 models stay below the price. Evidence for this calculation is medium.
Scenario range: ¥8.22 (bear) to ¥10.94 (bull), the price of ¥27.02 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 50/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Hi-Trend Tech(Shanghai)Co Ltd reported revenue of 539M CNY in FY2025 versus 499M CNY in FY2021, a compound +1.9%/yr. Reported net income was 42.9M CNY in FY2025, compounding −19.4%/yr from FY2021.
Key figures
Market cap 3.1B CNY (≈ $464M) · P/E ratio 84.4 · P/S ratio 6.72 · EPS (TTM) ¥0.3200 · Dividend yield 1.1% · Net margin 8.0% · Return on equity 2.0% · Return on assets (EBIT) 8.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at −63%, 688391 screens richer than that median.
Fair Value models
Bear ¥8.22Fair Value ¥10.11Bull ¥10.94
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.0147 per share) are deliberately not added.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 ⓘEvidence = 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.36/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.0%
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.
−8.8%
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.
+7.3%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘ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.
−15.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.2%
Dividend (yield on the price)1.1%
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.18% → −2%
Compare Hi-Trend Tech(Shanghai)Co Ltd 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.Semiconductors · 341 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−63% · Below median
Profitability
Return on equity (TTM)2% · Below median
Return on assets0% · Below median
Net margin (TTM)7% · Below median
Operating margin (TTM)−3% · Bottom 25%
Growth and dividend
Revenue growth−5% · Bottom 25%
Dividend yield (TTM)1.1% · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (TTM)84.4× · Pricier than median
P/B1.67× · Cheaper than median
P/S (TTM)5.85× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 71
PAST (return on equity)8· sector 25
HEALTH (low debt)0· sector 95
DIVIDEND (yield)22· sector 20
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.
Is Hi-Trend Tech(Shanghai)Co Ltd (688391) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥10.11 versus a price of ¥27.02, about −63% upside (overvalued).
What is the fair value of 688391?
Our model-based fair value for Hi-Trend Tech(Shanghai)Co Ltd is ¥10.11 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥27.02.
What is the quality score of 688391?
Hi-Trend Tech(Shanghai)Co Ltd has a Quality Score of 50/100. 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 Hi-Trend Tech(Shanghai)Co Ltd (688391)?
Our model-based price target is the fair value of ¥10.11 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario ¥8.22, optimistic scenario ¥10.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Hi-Trend Tech(Shanghai)Co Ltd stock forecast for 2026?
Our models put fair value at ¥10.11, about −63% upside versus a price of ¥27.02 (overvalued). Cautious scenario ¥8.22, optimistic scenario ¥10.94. The calculation is refreshed regularly with new filings.
What is the revenue of Hi-Trend Tech(Shanghai)Co Ltd (688391)?
Hi-Trend Tech(Shanghai)Co Ltd reported trailing-twelve-month revenue of about 532M CNY (latest available figure, as of Sep 24, 2026).
Does Hi-Trend Tech(Shanghai)Co Ltd pay a dividend?
Hi-Trend Tech(Shanghai)Co Ltd currently shows a dividend yield of about 1.11% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Hi-Trend Tech(Shanghai)Co Ltd (688391)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hi-Trend Tech(Shanghai)Co Ltd it is ¥10.11 per share (as of Sep 24, 2026), against a price of ¥27.02. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Hi-Trend Tech(Shanghai)Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 688391 trades above its calculated fair value: price ¥27.02, fair value ¥10.11, a gap of about −63% (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 688391?
No. The price is what the market pays today (¥27.02); the fair value is what the company's own numbers justify (¥10.11). For Hi-Trend Tech(Shanghai)Co Ltd the two are ¥16.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hi-Trend Tech(Shanghai)Co Ltd worth?
The market values Hi-Trend Tech(Shanghai)Co Ltd at about 3.1B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥27.02; our models calculate a fair value of ¥10.11 per share.
What do the bullish and bearish scenarios say about 688391?
Our models span a range for Hi-Trend Tech(Shanghai)Co Ltd: cautious scenario ¥8.22, base ¥10.11, optimistic ¥10.94 per share (as of Sep 24, 2026, price ¥27.02). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688391?
Hi-Trend Tech(Shanghai)Co Ltd trades at a price-to-earnings ratio of 84.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥10.11 is built from several models across several years. Other multiples: P/B 1.7, P/S 5.8.
How solid is the balance sheet of Hi-Trend Tech(Shanghai)Co Ltd (688391)?
Balance-sheet figures for Hi-Trend Tech(Shanghai)Co Ltd (as of Sep 24, 2026): return on equity 2.0%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 688391 from its 52-week high?
Hi-Trend Tech(Shanghai)Co Ltd trades at ¥27.02, about 25% below its 52-week high of ¥36.00 and 16% above the low of ¥23.32 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of ¥10.11 is for.
Which stocks are comparable to Hi-Trend Tech(Shanghai)Co Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, 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 Hi-Trend Tech(Shanghai)Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥27.02, calculated fair value ¥10.11 (−63%), Quality Score 50/100, from 11 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 688391 calculated?
We run Hi-Trend Tech(Shanghai)Co Ltd through 11 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 ¥10.11, 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. Hi-Trend Tech(Shanghai)Co Ltd 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 Hi-Trend Tech(Shanghai)Co Ltd (688391)?
The closing price on Sep 24, 2026 was ¥27.02. Our model-based fair value is ¥10.11, about −63% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hi-Trend Tech(Shanghai)Co Ltd right now?
The price sits above even our optimistic bull case (¥10.94). The favourable scenario is already priced in. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Hi-Trend Tech(Shanghai)Co Ltd
How large is the market capitalisation of Hi-Trend Tech(Shanghai)Co Ltd (688391)?
The market capitalisation of Hi-Trend Tech(Shanghai)Co Ltd is 3.1B CNY (≈ $464M). 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 Hi-Trend Tech(Shanghai)Co Ltd (688391)?
The price-to-sales ratio of Hi-Trend Tech(Shanghai)Co Ltd is 6.72 (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 Hi-Trend Tech(Shanghai)Co Ltd (688391)?
Earnings per share at Hi-Trend Tech(Shanghai)Co Ltd are ¥0.3200 (price ÷ EPS = P/E 84.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hi-Trend Tech(Shanghai)Co Ltd (688391)?
The dividend yield of Hi-Trend Tech(Shanghai)Co Ltd is 1.1% (payout 93.8%). 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 Hi-Trend Tech(Shanghai)Co Ltd (688391)?
The net margin of Hi-Trend Tech(Shanghai)Co Ltd is 8.0% (fiscal year 2025). 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 Hi-Trend Tech(Shanghai)Co Ltd (688391)?
The return on equity (ROE) of Hi-Trend Tech(Shanghai)Co Ltd is 2.0% (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 Hi-Trend Tech(Shanghai)Co Ltd (688391)?
On an EBIT basis the return on assets of Hi-Trend Tech(Shanghai)Co Ltd is 8.3% (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 Hi-Trend Tech(Shanghai)Co Ltd (688391)?
The operating margin of Hi-Trend Tech(Shanghai)Co Ltd is −2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hi-Trend Tech(Shanghai)Co Ltd (688391)?
Revenue at Hi-Trend Tech(Shanghai)Co Ltd is growing −5.4% versus a year earlier (3y avg −8.8%). 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 Hi-Trend Tech(Shanghai)Co Ltd (688391)?
Earnings per share at Hi-Trend Tech(Shanghai)Co Ltd are growing −62.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hi-Trend Tech(Shanghai)Co Ltd (688391) generate?
The free cash flow of Hi-Trend Tech(Shanghai)Co Ltd is −130M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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