Qingdao Gaoce Technology Co (688556) Fair Value & Analysis

Industrials · CN · Market cap 8.8B CNY

Below-average quality, and screening another 41% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥6.88). The favourable scenario is already priced in.
• Weak quality (34/100) 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 (¥3.53 to ¥6.88) leaves room in how you read the outcome.

Price vs Fair Value (5 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

60‑month range ¥3.59 – ¥29.71 · fair‑value band ¥3.53 – ¥6.88 · the ¥8.84 price screens above the ¥5.21 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Qingdao Gaoce Technology Co (688556) currently trades at ¥8.84, while our model-based Fair Value estimate is ¥5.21, implying the stock looks roughly 41.1% overvalued today. The Quality Score stands at 34/100 (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: low).

Over the trailing twelve months, Qingdao Gaoce Technology Co generated revenue of 3.8B CNY at a net margin of -0.4%. Revenue grew 15.5% year over year. It earns a return on equity of -0.4%. Net debt stands at 1.2B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥3.53 (bear case) to ¥6.88 (bull case); at ¥8.84, 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 52% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -41%, 688556 screens cheaper 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.

Widest divergence: DCF Models (¥12.00) versus Dividend Discount (¥2.11). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Qingdao Gaoce Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of cutting equipment and consumables in China and internationally.

Full company description

Qingdao Gaoce Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of cutting equipment and consumables in China and internationally. It offers photovoltaic cutting equipment, including slicer wire guide roller grooving machine, diamond wire crystal silicon slicer, and monocrystal cropper, squarer, and grinder, as well as monocrystal squaring, cropping, and grinding machine; photovoltaic cutting consumables, such as diamond wire, ring wire, grinding tool, and silicon wafer cutting fluid; and photovoltaic large silicon wafer. The company also provides semiconductor single-wire cropper, diamond wire slicer machine, and chamfering machine, as well as special diamond wire and grinding wheels for chamfering grinding of semiconductor wafer and for cylindrical grinding of semiconductor ingots; silicon carbide wafering machine, silicon carbide chamfering machine, and automatic grinder, as well as diamond wire special and grinding wheels for silicon carbide; and sapphire diamond wire saw and sapphire chamfering machine, as well as diamond wire for sapphire, specific chamfering grinding wheel for sapphire, and special sapphire thinning grinding wheel. In addition, it offers magnetic material multi-wire cutting machine, automatic magnetic material bonding machine, and magnetic material diamond wire; stone thin multi-wire saw and special diamond wire for stone; and metal and composite material tendon ropes, as well as reducer. Further, the company engages in the provision of photovoltaic, pan-semiconductor scenario, humanoid robotics, and other scenario solutions; investment activities; and technical/consulting services. It exports its products. The company was formerly known as Qingdao Gaoxiao Measurement & Control Technology Co., Ltd. and changed its name to Qingdao Gaoce Technology Co., Ltd. in August 2015. Qingdao Gaoce Technology Co., Ltd. was incorporated in 2006 and is headquartered in Qingdao, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Qingdao Gaoce Technology Co reported revenue of ¥3.6B in FY2025 versus ¥1.6B in FY2021, a compound +23.5%/yr. Reported net income was −¥40.2M in FY2025.

688556 screens 41% overvalued. Compare with GE Vernova Inc →

Peer Group

Specialty Industrial Machinery · 809 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 Specialty Industrial Machinery 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.

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Frequently asked questions

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.