Shennan Circuits Co Ltd Class A (002916) Fair Value & Analysis
Technology · CN · Market cap 257B CNY (≈ $38.4B) · ISIN CNE100003373
What is Shennan Circuits Co Ltd Class A really worth?
Below-average quality, and trading another 211% above our fair value of ¥106.69.
Strengths
Risks
For context
Fair value as of: Aug 18, 2026
From 25 valuation models · updated 17 days ago
Share price −0.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (¥133.91). The favourable scenario is already priced in.
- The model range is unusually wide (¥39.81 to ¥133.91). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.
How to read this chart
60‑month range ¥36.77 – ¥457.90 · fair‑value band ¥39.81 – ¥133.91 · the ¥331.80 price screens above the ¥106.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 18, 2026.
Analysis
Shennan Circuits Co Ltd Class A (002916) currently trades at ¥331.80, while our model-based Fair Value estimate is ¥106.69, implying the stock looks roughly 210.9% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ¥157.81 per share, and 0 of the 25 models we run sit above the ¥331.80 price. Bear case: the Asset-Based group reads lowest at ¥16.87, and 25 of the 25 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Shennan Circuits Co Ltd Class A generated revenue of 25.5B CNY at a net margin of 14.3%. Revenue grew 37.9% year over year. It earns a return on equity of 21.9%. Net debt stands at 1.7B CNY. Fundamentals as of Aug 18, 2026
Our scenario range runs from ¥39.81 (bear case) to ¥133.91 (bull case); at ¥331.80, 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 23% below its 52-week high and 263% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −68%, 002916 screens richer 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 ¥1.90 per share, which is 1.8 % 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.
All 25 models by family
Widest divergence: Growth Earnings (¥157.81) versus Growth DCF (¥1.02). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 56
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
Shennan Circuits Co., Ltd. engages in the design, manufacture, and sale of printed circuit boards, packaging substrates, and electronic assemblies in China and internationally. It operates through Packaging Substrates, Packaging Substrates, and Distribution Substrates segments.
Full company description
Shennan Circuits Co., Ltd. engages in the design, manufacture, and sale of printed circuit boards, packaging substrates, and electronic assemblies in China and internationally. It operates through Packaging Substrates, Packaging Substrates, and Distribution Substrates segments. The company provides RF and microwave, thermal management, miniaturization, and chip package substrate solutions. It also offers schematic design, PCB / SiP design, PCB / SUB production, electronic assembly, package testing, and other value creations. The company was formerly known as CATIC Shenzhen Shennan Circuit Company and changed its name to Shennan Circuits Co., Ltd. in January 2000. The company was incorporated in 1984 and is headquartered in Shenzhen, China. Shennan Circuits Co., Ltd. operates as a subsidiary of AVIC International Holdings Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shennan Circuits Co Ltd Class A reported revenue of 23.6B CNY in FY2025 versus 13.9B CNY in FY2021, a compound +14.1%/yr. Reported net income was 3.3B CNY in FY2025, compounding +22.0%/yr from FY2021.
of which total revenue +18.7 % · buybacks/dilution −5.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
002916 screens 211% overvalued. Compare with Amphenol Corporation →
Peer Group
Electronic Components · 638 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 Electronic Components median · lower = cheaper
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.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Amphenol Corporation APH | $157.74 | $97.19 | −38% |
| 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 | $202.66 | $144.42 | −29% |
| Shengyi Technology Co 600183 | ¥132.80 | ¥36.30 | −73% |
| Flex Ltd FLEX | $124.53 | $48.10 | −61% |
| Celestica Inc CLS | $298.70 | $113.54 | −62% |
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