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Dalian Haosen Intelligent Manufacturing Co (688529) Fair Value & Analysis

Industrials · CN · Market cap 2.9B CNY

DH Dalian Haosen Intelligent Manufacturing Co 688529 · SHG
Price¥15.85
Fair Value¥7.46
Upside-52.9%
Quality28/100
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Mixed Growth
Loss-making · -65.5% net margin
Moderate debt · generates free cash flow
Trails peers (4/11)
Narrow moat 6/100
Evidence: Medium Range ¥3.31 – ¥11.61 Share as image

Fair value as of: Jul 12, 2026

From 9 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥17.65 to ¥7.46 (−57.7%) since Jun 24, 2026. Share price +5.7% over the past month.

Below-average quality, and screening another 53% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥11.61). The favourable scenario is already priced in.
  • Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (¥3.31 to ¥11.61). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

¥38.89 ¥10.64 Fair Value ¥7.46 Feb 2021 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

60‑month range ¥10.64 – ¥38.89 · fair‑value band ¥3.31 – ¥11.61 · the ¥15.85 price screens above the ¥7.46 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Dalian Haosen Intelligent Manufacturing Co (688529) currently trades at ¥15.85, while our model-based Fair Value estimate is ¥7.46, implying the stock looks roughly 52.9% overvalued today. The Quality Score stands at 28/100 (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, Dalian Haosen Intelligent Manufacturing Co generated revenue of 1.5B CNY at a net margin of -65.5%. Revenue grew 10.9% year over year. It earns a return on equity of -67.8%. Net debt stands at 1.1B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥3.31 (bear case) to ¥11.61 (bull case); at ¥15.85, 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 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -53%, 688529 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
Growth DCF ¥10.73 ¥14.67 ¥19.76 80
Rev-Margin DCF ¥9.43 ¥14.17 ¥19.20 74
Gordon GGM ¥4.58 ¥7.11 ¥9.80 70
All 9 models by family
DCF Models
FCF DCF ¥10.44 ¥14.66 ¥20.35 38
5Y Revenue Exit ¥9.43 ¥14.03 ¥19.62 39
10Y Revenue Exit ¥9.46 ¥13.55 ¥18.49 36
Dividend Discount
Gordon GGM ¥4.58 ¥7.11 ¥9.80 70
DDM Multi-Stage ¥4.58 ¥6.53 ¥8.64 61
Multiples
EV/Revenue ¥9.45 ¥13.60 ¥17.75 43
Asset-Based
NCAV (Graham) ¥3.24 ¥4.34 ¥6.47 50
Growth DCF
Growth DCF ¥10.73 ¥14.67 ¥19.76 80
Rev-Margin DCF ¥9.43 ¥14.17 ¥19.20 74

Widest divergence: Growth DCF (¥14.17) versus Asset-Based (¥4.34). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.5B CNY
Revenue growth (YoY) +10.9%
Net margin -65.5%
Return on equity -67.8%
Free cash flow 179M CNY FY2025
Operating margin -8.2%
More key figures
EPS (TTM) ¥-5.97
Net debt 1.1B CNY FY2025

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

Quality Score breakdown

Overall quality 28/100

Of which business quality 31 · Market factors (momentum, volatility) 34

Profitability 2
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 34
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

Dalian Haosen Intelligent Manufacturing Co., Ltd. engages in planning, research and development, design, assembly, debugging and integration, sale, service, and turn-key engineering of intelligent production lines in China.

Full company description

Dalian Haosen Intelligent Manufacturing Co., Ltd. engages in planning, research and development, design, assembly, debugging and integration, sale, service, and turn-key engineering of intelligent production lines in China. It offers power lithium battery intelligent products, such as lithium cell, battery, and pack line products; and hydrogen fuel battery products comprising fuel cell MEA/GDL, bipolar plate, battery stack, engine, and cell stack and system test bench products. The company also provides EV drive motor intelligent production line, which include stator, rotor, final assembly, intelligent motor control unit assembly and testing line, and motor test bench products; e-drive assembly and test line; gasoline and diesel, horsepower diesel engine assembly line; and retarder assembly and test bench. In addition, it offers transmission intelligent assembly products, including AT, DCT, and CVT transmission assembly, hybrid power and commercial truck transmission, and transmission bench test; laser technology and equipment; manufacturing execution and BIM/PLM software systems; humanoid and AMR robot application integration; and automobile industry intelligent logistical warehousing integration. The company was formerly known as Dalian Haosen Equipment Manufacturing Co., Ltd. and changed its name to Dalian Haosen Intelligent Manufacturing Co., Ltd. The company was founded in 2002 and is headquartered in Dalian, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dalian Haosen Intelligent Manufacturing Co reported revenue of ¥1.5B in FY2025 versus ¥1.2B in FY2021, a compound +5.3%/yr. Reported net income was −¥893M in FY2025.

Growth Quality 45/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.5B CNY
Latest YoY
−18.8%
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.
−2.1%
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.
+7.2%
Avg. growth/yr (8Y) 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.
+10.6%
Revenue +5.3%/yr
FY21 ¥1.2B
FY22 ¥1.6B
FY23 ¥2.0B
FY24 ¥1.8B
FY25 ¥1.5B
Net income
FY21 ¥70.2M
FY22 ¥90.2M
FY23 ¥86.7M
FY24 −¥87.9M
FY25 −¥893M

688529 screens 53% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Dalian Haosen Intelligent Manufacturing Co Fair Value". https://www.fairvalue-calculator.com/stock/688529

Peer Group

Specialty Industrial Machinery · 808 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 28 · Bottom 25%
Fair Value upside −53% · Below median
Return on assets -9% · Bottom 25%
Net margin (TTM) -66% · Bottom 25%
Operating margin (TTM) -8% · Bottom 25%
Revenue growth 11% · Above median
Debt / equity 0.52× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/B 0.39× · Cheaper than 75% of peers
P/S (TTM) 0.28× · Cheaper than 75% of peers
P/FCF 2.4× · 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 55 · sector 23
PAST 0 · sector 28
HEALTH 74 · sector 96
DIVIDEND 0 · 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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is Dalian Haosen Intelligent Manufacturing Co (688529) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥7.46 versus a price of ¥15.85, about −53% (overvalued).
What is the fair value of 688529?
Our model-based fair value for Dalian Haosen Intelligent Manufacturing Co is ¥7.46 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥15.85.
What is the quality score of 688529?
Dalian Haosen Intelligent Manufacturing Co has a Quality Score of 28/100. 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 Dalian Haosen Intelligent Manufacturing Co (688529)?
Dalian Haosen Intelligent Manufacturing Co reported trailing-twelve-month revenue of about 1.5B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688529?
The net profit margin of Dalian Haosen Intelligent Manufacturing Co is about -65.5%, 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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