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Suzhou QingYue Optoelectronics Technology Co. Ltd. A (688496) Fair Value & Analysis

Technology · CN · Market cap 387M CNY

SQ Suzhou QingYue Optoelectronics Technology Co. Ltd. A 688496 · SHG
Price¥0.9200
Fair Value¥0.1400
Upside-84.8%
Quality44/100
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Risks

!Trades 557% ABOVE our fair value of ¥0.1400
!Weak Growth (revenue 3y −13.8 %/yr)
!Loss-making · -18.1% net margin
!Low debt · negative free cash flow
Weak Growth (revenue 3y −13.8 %/yr)
Loss-making · -18.1% net margin
Low debt · negative free cash flow
Trails peers (4/11)
Narrow moat 20/100
Evidence: Low Range ¥0.0800 – ¥0.2000 Share as image

Fair value as of: Aug 20, 2026

From 4 valuation models · updated 6 days ago

Share price +24.3% over the past month.

Below-average quality, and trading another 557% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (¥0.2000). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (¥0.0800 to ¥0.2000) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

¥23.29 ¥0.7400 Fair Value ¥0.1400 Dec 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

44‑month range ¥0.7400 – ¥23.29 · fair‑value band ¥0.0800 – ¥0.2000 · the ¥0.9200 price screens above the ¥0.1400 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Suzhou QingYue Optoelectronics Technology Co. Ltd. A (688496) currently trades at ¥0.9200, while our model-based Fair Value estimate is ¥0.1400, implying the stock looks roughly 84.8% overvalued today. The Quality Score stands at 44/100 (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: low).

Over the trailing twelve months, Suzhou QingYue Optoelectronics Technology Co. Ltd. A generated revenue of 637M CNY at a net margin of -18.1%. Revenue declined 18.6% year over year. It earns a return on equity of -13.2%. Net debt stands at 45.5M CNY. Fundamentals as of Aug 20, 2026

Our scenario range runs from ¥0.0800 (bear case) to ¥0.2000 (bull case); at ¥0.9200, 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. For context, the median of 10 Technology peers we cover trades at -66% fair-value upside, at -85%, 688496 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
Gordon GGM ¥0.2000 ¥0.2100 ¥0.2300 70
DDM Multi-Stage ¥0.2000 ¥0.2300 ¥0.2800 61
EV/EBITDA ¥0.5900 ¥0.6500 ¥0.7100 54
All 4 models by family
Dividend Discount
Gordon GGM ¥0.2000 ¥0.2100 ¥0.2300 70
DDM Multi-Stage ¥0.2000 ¥0.2300 ¥0.2800 61
Multiples
EV/EBITDA ¥0.5900 ¥0.6500 ¥0.7100 54
Asset-Based
NCAV (Graham) ¥1.03 ¥1.38 ¥2.05 50

Widest divergence: Asset-Based (¥1.38) versus Dividend Discount (¥0.2100). Highest evidence: Gordon GGM (70).

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Key figures & financial health

P/S ratio 0.73 TTM
Net margin -18.1% TTM
Return on equity -13.2% TTM
Return on assets -3.1% TTM
Operating margin -2.6% TTM
EPS (TTM) ¥-0.2600
More key figures
Growth
Revenue (TTM) 637M CNY TTM
Revenue growth (YoY) -18.6% 3y avg -13.8%
EPS growth (YoY) -25.0%
Balance sheet & cash flow
Free cash flow −6.5M CNY FY2025
Net debt 45.5M CNY FY2025

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 41 · Market factors (momentum, volatility) 20

Profitability 6
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Suzhou QingYue Optoelectronics Technology Co., Ltd. researches, develops, manufactures, and sells OLED and other display devices. It offers PMOLED, Micro OLED, electronic paper, TFT, and other advanced display solutions, which are used in smart home, smart wear, industrial control instruments, medical equipment, financial communications, and other fields.

Full company description

Suzhou QingYue Optoelectronics Technology Co., Ltd. researches, develops, manufactures, and sells OLED and other display devices. It offers PMOLED, Micro OLED, electronic paper, TFT, and other advanced display solutions, which are used in smart home, smart wear, industrial control instruments, medical equipment, financial communications, and other fields. The company was founded in 2010 and is based in Kunshan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Suzhou QingYue Optoelectronics Technology Co. Ltd. A reported revenue of ¥669M in FY2025 versus ¥694M in FY2021, a compound −0.9%/yr. Reported net income was −¥98.8M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
669M CNY
Latest YoY
−11.2%
Avg. revenue 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.
−13.8%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −0.9%/yr
FY21 ¥694M
FY22 ¥1.0B
FY23 ¥661M
FY24 ¥753M
FY25 ¥669M
Net income
FY21 ¥59.1M
FY22 ¥55.9M
FY23 −¥118M
FY24 −¥69.5M
FY25 −¥98.8M

688496 screens 85% overvalued. Compare with Amphenol Corporation →

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Cite: Fair Value Calculator (2026). "Suzhou QingYue Optoelectronics Technology Co. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688496

Peer Group

Electronic Components · 652 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 44 · Below median
Fair Value upside −85% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -18% · Bottom 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth -19% · Bottom 25%
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.09× · Cheaper than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 36
PAST0 · sector 24
HEALTH98 · sector 95
DIVIDEND49 · sector 24

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

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $169.96 $97.19 -43%
Corning Incorporated GLW CHF 134.64 CHF 35.18 -74%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
TE Connectivity plc TEL $214.20 $144.42 -33%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 -73%
Flex Ltd FLEX $124.53 $48.10 -61%
Celestica Inc CLS $339.46 $113.54 -67%

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Frequently asked questions

Is Suzhou QingYue Optoelectronics Technology Co. Ltd. A (688496) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ¥0.1400 versus a price of ¥0.9200, about −85% (overvalued).
What is the fair value of 688496?
Our model-based fair value for Suzhou QingYue Optoelectronics Technology Co. Ltd. A is ¥0.1400 (as of Aug 20, 2026), built from audited fundamentals. The current price: ¥0.9200.
What is the quality score of 688496?
Suzhou QingYue Optoelectronics Technology Co. Ltd. A has a Quality Score of 44/100. 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 Suzhou QingYue Optoelectronics Technology Co. Ltd. A (688496)?
Suzhou QingYue Optoelectronics Technology Co. Ltd. A reported trailing-twelve-month revenue of about 637M CNY (latest available figure, as of Aug 20, 2026).
What is the net profit margin of 688496?
The net profit margin of Suzhou QingYue Optoelectronics Technology Co. Ltd. A is about -18.1%, 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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