Hainan Jinpan Smart Technology Co (688676) Fair Value & Analysis
Industrials · CN · Market cap 37.0B CNY
Fair value as of: Jul 12, 2026
From 26 valuation models · updated 29 days ago
Fair value updated Jul 12, 2026, revised from ¥24.43 to ¥24.40 (−0.1%) since Jun 24, 2026. Share price −10.4% over the past month.
Below-average quality, and screening another 65% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥35.12). The favourable scenario is already priced in.
- Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (¥15.11 to ¥35.12) 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 ¥13.31 – ¥105.49 · fair‑value band ¥15.11 – ¥35.12 · the ¥69.33 price screens above the ¥24.40 fair value. Dashed = 300-day average. As of Jul 12, 2026.
Analysis
Hainan Jinpan Smart Technology Co (688676) currently trades at ¥69.33, while our model-based Fair Value estimate is ¥24.40, implying the stock looks roughly 64.8% overvalued today. The Quality Score stands at 43/100 (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: high).
Over the trailing twelve months, Hainan Jinpan Smart Technology Co generated revenue of 7.5B CNY at a net margin of 8.9%. Revenue grew 13.4% year over year. It earns a return on equity of 13.3%. Net debt stands at 711M CNY. Fundamentals as of Jul 12, 2026
Our scenario range runs from ¥15.11 (bear case) to ¥35.12 (bull case); at ¥69.33, 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 38% below its 52-week high and 125% 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 -65%, 688676 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 26 models by family
Widest divergence: Growth Earnings (¥33.05) versus Asset-Based (¥7.62). 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 45 · Market factors (momentum, volatility) 55
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
Hainan Jinpan Smart Technology Co., Ltd. engages in the research and development, production, sale, and servicing of power transmission and distribution, and control equipment products in China.
Full company description
Hainan Jinpan Smart Technology Co., Ltd. engages in the research and development, production, sale, and servicing of power transmission and distribution, and control equipment products in China. The company offers dry-type transformers and reactors; medium and low voltage switchgears; power electronics equipment comprising integrated photovoltaic inverter grid-connected devices, integrated intelligent photovoltaic box-type transformers, integrated energy storage, and high voltage static dynamic reactive power compensation devices; and box-type substations. It also provides digital overall solutions, such as digital factory consulting and planning, dry-time digital factory overall solution, digital factory solutions, manufacturing execution systems, modern factory logistics transportation technologies, smart charging systems, and 5G cloud AGV products; intelligent warehousing and logistics systems; and electrochemical energy storage systems and high voltage cascade direct-mounted energy storage systems, low voltage energy storage systems, integrated energy storage, energy management systems, and battery management systems. In addition, the company is involved in electricity supply; equity investments; leasing and business clothes; and installation of EPC activities. Its products are used in new energy sources, such as wind energy, photovoltaic, energy storage, and hydrogen energy; new infrastructure comprising data centers and charging piles; electrical supporting equipment for industrial enterprises; traditional power generation, transmission, and distribution; and energy conservation and environmental protection, etc. The company also exports its products. The company was founded in 1997 and is based in Haikou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hainan Jinpan Smart Technology Co reported revenue of ¥7.3B in FY2025 versus ¥3.3B in FY2021, a compound +21.8%/yr. Reported net income was ¥660M in FY2025, compounding +29.5%/yr from FY2021.
688676 screens 65% overvalued. Compare with Contemporary Amperex Technology Co →
Peer Group
Electrical Equipment & Parts · 528 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 Electrical Equipment & Parts 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.
Insider activity: 45/100
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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$675.50 | HK$391.44 | -42% |
| ABB Ltd ABBN | CHF 83.82 | CHF 35.46 | -58% |
| Delta Electronics (Thailand) Public Company TDED | 10.16 SGD | 1.47 SGD | -86% |
| LG Energy Solution, Ltd 373220 | 334,000 KRW | 201,455 KRW | -40% |
| WEG S.A WEGE3 | 13,210 ARS | 7,948 ARS | -40% |
| Sungrow Power Supply Co 300274 | ¥114.79 | ¥123.83 | +8% |
| Shenzhen Inovance Technology Co 300124 | ¥63.43 | ¥33.04 | -48% |
| HD Hyundai Electric Co 267260 | 823,000 KRW | 371,133 KRW | -55% |
| LS ELECTRIC Co 010120 | 190,000 KRW | 31,517 KRW | -83% |
| Sieyuan Electric Co 002028 | ¥151.73 | ¥71.69 | -53% |
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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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