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Jiangsu Guoxin Corp Ltd (002608) Fair Value & Analysis

Utilities · CN · Market cap 34.4B CNY (≈ $5.1B) · ISIN CNE100001658

What is Jiangsu Guoxin Corp Ltd really worth?

JG Jiangsu Guoxin Corp Ltd 002608 · SHE
Price¥7.38
Fair Value¥14.79
Upside+100.4%
Quality39/100

Below-average quality, trading 50% below our fair value of ¥14.79.

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Risks

!Expensive Growth (revenue 5y +10.4 %/yr)
!Thin margins · 9.3% net margin
!Moderate debt · negative free cash flow
!Mixed vs. peers (7/13)
!Narrow moat 39/100
!Evidence only medium, so the estimate is less certain

For context

·1.76% dividend yield
Evidence: Medium Range ¥11.09 – ¥18.49

Fair value as of: Aug 21, 2026

From 16 valuation models · updated 15 days ago

Share price −0.9% over the past month.

What runs behind every stock

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

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (¥11.09). The market is more pessimistic than our downside scenario.

Price vs Fair Value (5 years)

¥10.50 ¥5.12 Fair Value ¥14.79 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ¥5.12 – ¥10.50 · fair‑value band ¥11.09 – ¥18.49 · the ¥7.38 price screens below the ¥14.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Jiangsu Guoxin Corp Ltd (002608) currently trades at ¥7.38, while our model-based Fair Value estimate is ¥14.79, implying the stock looks roughly 50.1% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of ¥20.65 per share, and 11 of the 16 models we run sit above the ¥7.38 price. Bear case: the Dividend Discount group reads lowest at ¥5.61, and 5 of the 16 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Jiangsu Guoxin Corp Ltd generated revenue of 36.6B CNY at a net margin of 9.3%. Revenue grew 13.3% year over year. It earns a return on equity of 9.5%. Net debt stands at 23.9B CNY. Fundamentals as of Aug 21, 2026

Our scenario range runs from ¥11.09 (bear case) to ¥18.49 (bull case); at ¥7.38, the current price sits below 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 34% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −37% fair-value upside, at 100%, 002608 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.5143 per share, which is 3.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Residual Income ¥8.22 ¥9.10 ¥13.95 75
EPV ¥4.52 ¥5.99 ¥7.27 74
ROIC Compounder ¥4.52 ¥5.99 ¥7.27 72
All 16 models by family
Earnings-Based
Graham-Dodd ¥6.24 ¥37.34 ¥52.04 63
Lynch FV ¥10.64 ¥15.20 ¥19.76 61
PEG = 1.0 ¥10.64 ¥15.20 ¥19.76 57
EPV ¥4.52 ¥5.99 ¥7.27 74
Dividend Discount
Gordon GGM ¥3.20 ¥6.66 ¥10.56 66
DDM Multi-Stage ¥3.20 ¥5.61 ¥6.99 66
Multiples
P/E Multiple ¥12.38 ¥16.51 ¥20.64 63
P/S Multiple ¥11.69 ¥15.59 ¥19.49 58
P/B Multiple ¥11.69 ¥15.59 ¥19.49 55
EV/EBIT ¥8.19 ¥12.35 ¥16.51 65
EV/EBITDA ¥9.88 ¥14.60 ¥19.32 66
EV/Revenue ¥5.81 ¥10.13 ¥14.45 52
Asset-Based
NCAV (Graham) ¥4.70 ¥6.30 ¥9.40 54
Economic Profit
Residual Income ¥8.22 ¥9.10 ¥13.95 75
ROIC Compounder ¥4.52 ¥5.99 ¥7.27 72
Growth Earnings
Growth-Adj P/E ¥14.45 ¥20.65 ¥26.84 67

Widest divergence: Growth Earnings (¥20.65) versus Dividend Discount (¥5.61). Highest evidence: Residual Income (75).

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Key figures & financial health

P/E ratio 8.3
P/S ratio 0.81 P/E × margin
EPS (TTM) ¥0.8900 price ÷ EPS = P/E 8.3
Dividend yield 1.8% payout 14.6%
Net margin 9.8% FY2025
Return on equity 9.5% TTM
More key figures
Profitability
Return on assets (EBIT) 2.5% avg 5y
Operating margin 7.2% TTM
Growth
Revenue (TTM) 36.6B CNY TTM
Revenue growth (YoY) +13.3% 3y avg +3.0%
EPS growth (YoY) −9.7%
Balance sheet & cash flow
Free cash flow −322M CNY FY2025
Net debt 23.9B CNY FY2025

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 39 · Market factors (momentum, volatility) 43

Profitability 30
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 40
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

Jiangsu Guoxin Corp. Ltd., together with its subsidiaries, produces and sells electricity and heat in China. It operates through Energy Business, Financial Business, and Other segments.

Full company description

Jiangsu Guoxin Corp. Ltd., together with its subsidiaries, produces and sells electricity and heat in China. It operates through Energy Business, Financial Business, and Other segments. The company is involved in coal-fired power generation and gas-fired power generation; development, production, and processing of fly ash; sale of steam and hot water; general cargo loading and unloading; warehousing services within the port area; freight distribution; power generation equipment installation and maintenance; commodity distribution; engineering construction; property management; water production and supply; procurement, storage, transportation, and sale of fuel for electricity and natural gas; procurement, transmission, and distribution of electricity; coal and natural gas trading; investment and consulting services for energy projects, such as coal financing; thermal power equipment installation and technical services; wholesale and retail of coal; and investment, development, and operation of new energy projects. It also provides financial services, such as industrial finance, consumer finance, securities trusts, family trusts, equity investment, and financial management; debt investment, securities investment, asset securitization, asset management, wealth management, and asset allocation; and funds, asset trusts, and investment funds. As of December 31, 2025, the company operated a total installed capacity of 22,509 MW, which includes 17,837 MW from coal-fired units, 2,592 MW from gas-fired units, and 2,080 MW from units under construction. The company was formerly known as Sainty Marine Corporation Ltd. and changed its name to Jiangsu Guoxin Corp. Ltd. in March 2017. Jiangsu Guoxin Corp. Ltd. was founded in 2003 and is headquartered in Nanjing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Guoxin Corp Ltd reported revenue of 35.5B CNY in FY2025 versus 28.9B CNY in FY2021, a compound +5.3%/yr. Reported net income was 3.5B CNY in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
35.5B CNY
Latest YoY
−3.8%
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.
+3.0%
Avg. revenue 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.
+10.4%
Avg. revenue growth/yr (17Y) 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.
+18.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+3.5% (1.7 + 1.8)
Revenue +5.3%/yr
FY21 28.9B CNY
FY22 32.5B CNY
FY23 34.6B CNY
FY24 36.9B CNY
FY25 35.5B CNY
Net income
FY21 −333M CNY
FY22 60.1M CNY
FY23 1.9B CNY
FY24 3.2B CNY
FY25 3.5B CNY

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Cite: Fair Value Calculator (2026). "Jiangsu Guoxin Corp Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002608

Peer Group

Utilities - Regulated Electric · 153 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 39 · Bottom 25%
Fair Value upside +100% · Top 25%
Return on equity (TTM) 10% · Below median
Return on assets 2% · Below median
Net margin (TTM) 9% · Below median
Operating margin (TTM) 7% · Bottom 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 1.8% · Bottom 25%
Debt / equity 0.65× · Lower than median

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/E (TTM) 8.3× · Cheaper than 75% of peers
P/B 0.97× · Cheaper than median
P/S (TTM) 0.94× · Cheaper than median
EV/EBITDA 7.4× · Cheaper than median

Strength profile in five axes (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
VALUE100 · sector 0
FUTURE67 · sector 32
PAST38 · sector 39
HEALTH67 · sector 52
DIVIDEND35 · sector 65

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 Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $83.47 $32.94 −61%
The Southern Company SO $88.25 $58.81 −33%
Duke Energy Corporation DUK $120.25 $74.89 −38%
National Grid plc NGG $80.68 $63.94 −21%
American Electric Power Company AEP $122.96 $77.23 −37%
Dominion Energy, Inc D $66.01 $46.34 −30%
Entergy Corporation ETR $105.75 $52.92 −50%
Xcel Energy Inc XEL $76.34 $44.61 −42%
Exelon Corporation EXC $43.96 $37.60 −14%
Endesa, S.A ELE €42.30 €25.72 −39%

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Frequently asked questions

Is Jiangsu Guoxin Corp Ltd (002608) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ¥14.79 versus a price of ¥7.38, about +100% upside (undervalued).
What is the fair value of 002608?
Our model-based fair value for Jiangsu Guoxin Corp Ltd is ¥14.79 (as of Aug 21, 2026), built from audited fundamentals. The current price: ¥7.38.
What is the quality score of 002608?
Jiangsu Guoxin Corp Ltd has a Quality Score of 39/100. 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 Jiangsu Guoxin Corp Ltd (002608)?
Jiangsu Guoxin Corp Ltd reported trailing-twelve-month revenue of about 36.6B CNY (latest available figure, as of Aug 21, 2026).
What is the net profit margin of 002608?
The net profit margin of Jiangsu Guoxin Corp Ltd is about 9.3%, meaning it keeps roughly 9.3% of revenue as net income. Based on the latest reported figures.
Does Jiangsu Guoxin Corp Ltd pay a dividend?
Jiangsu Guoxin Corp Ltd currently shows a dividend yield of about 1.76% relative to its recent price (as of Aug 21, 2026).
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