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Wuhan Yangtze Communication Industry Group Co Ltd (600345) Fair Value & Analysis

Technology · CN · Market cap 15.6B CNY (≈ $2.3B) · ISIN CNE000001659

What is Wuhan Yangtze Communication Industry Group Co Ltd really worth?

WY Wuhan Yangtze Communication Industry Group Co Ltd 600345 · SHG
Price¥46.59
Fair Value¥11.16
Upside−76.1%
Quality39/100

Below-average quality, and trading another 318% above our fair value of ¥11.16.

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Strengths

Highly profitable · 24.6% net margin

Risks

!Expensive Growth (revenue 5y +42.0 %/yr)
!Low debt · negative free cash flow
!Trails peers (4/13)
!Narrow moat 40/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 4 out of 100
!Weak on past: 27 out of 100

For context

·0.24% dividend yield
Evidence: Medium Range ¥9.12 – ¥13.95

Fair value as of: Aug 26, 2026

From 15 valuation models · updated 10 days ago

Share price +1.5% 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 (¥13.95). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

¥73.00 ¥12.45 Fair Value ¥11.16 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 26, 2026.

How to read this chart

60‑month range ¥12.45 – ¥73.00 · fair‑value band ¥9.12 – ¥13.95 · the ¥46.59 price screens above the ¥11.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 26, 2026.

Full chart & analysis →

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Analysis

Wuhan Yangtze Communication Industry Group Co Ltd (600345) currently trades at ¥46.59, while our model-based Fair Value estimate is ¥11.16, implying the stock looks roughly 317.5% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of ¥19.71 per share, and 0 of the 15 models we run sit above the ¥46.59 price. Bear case: the Economic Profit group reads lowest at ¥4.18, and 15 of the 15 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Wuhan Yangtze Communication Industry Group Co Ltd generated revenue of 1.0B CNY at a net margin of 24.6%. Revenue grew 0.7% year over year. It earns a return on equity of 6.9%. The balance sheet holds a net cash position of 864M CNY. Fundamentals as of Aug 26, 2026

Our scenario range runs from ¥9.12 (bear case) to ¥13.95 (bull case); at ¥46.59, 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 25% below its 52-week high and 102% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −52% fair-value upside, at −76%, 600345 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 ¥0.4331 per share, which is 3.9 % 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 best evidence ¥9.03 ¥9.27 ¥9.28 76
Owner Earnings ¥11.59 ¥19.71 ¥34.81 74
EPV ¥4.03 ¥4.18 ¥4.32 74
All 15 models by family
DCF Models
Owner Earnings ¥11.59 ¥19.71 ¥34.81 74
Earnings-Based
Graham-Dodd ¥4.52 ¥24.60 ¥34.12 63
Lynch FV ¥6.83 ¥9.75 ¥12.68 61
PEG = 1.0 ¥6.83 ¥9.75 ¥12.68 57
EPV ¥4.03 ¥4.18 ¥4.32 74
Multiples
P/E Multiple ¥13.96 ¥18.62 ¥23.27 63
P/S Multiple ¥8.48 ¥11.30 ¥14.13 58
P/B Multiple ¥8.48 ¥11.30 ¥14.13 55
EV/EBIT ¥5.03 ¥5.67 ¥6.31 66
EV/EBITDA ¥5.62 ¥6.45 ¥7.29 67
EV/Revenue ¥4.09 ¥4.50 ¥4.92 54
Asset-Based
NCAV (Graham) ¥5.76 ¥7.72 ¥11.53 54
Economic Profit
Residual Income best evidence ¥9.03 ¥9.27 ¥9.28 76
ROIC Compounder ¥4.03 ¥4.18 ¥4.32 72
Growth Earnings
Growth-Adj P/E ¥11.66 ¥16.66 ¥21.65 67

Widest divergence: DCF Models (¥19.71) versus Economic Profit (¥4.18). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 62.1
P/S ratio 13.3 P/E × margin
EPS (TTM) ¥0.7500 price ÷ EPS = P/E 62.1
Dividend yield 0.2% payout 14.7%
Net margin 21.5% FY2025
Return on equity 6.9% TTM
More key figures
Profitability
Return on assets (EBIT) 4.2% avg 5y
Operating margin −79.5% TTM
Growth
Revenue (TTM) 1.0B CNY TTM
Revenue growth (YoY) +0.7% 3y avg +17.3%
EPS growth (YoY) +60.9%
Balance sheet & cash flow
Free cash flow −336K CNY FY2025
Net cash 864M CNY FY2024

Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 42 · Market factors (momentum, volatility) 60

Profitability 35
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 38
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

WuHan Yangtze Communication Industry GroupCo.,Ltd provides Beidou applications, smart traffic management, smart transportation, and smart city applications in China.

Full company description

WuHan Yangtze Communication Industry GroupCo.,Ltd provides Beidou applications, smart traffic management, smart transportation, and smart city applications in China. The company offers vehicle mounted terminal series products, vehicle online monitoring system, and application service of vehicle online monitoring system; and public security traffic control cloud whistle integrated combat platform, public security traffic management video private network integrated command platform, highway intelligent traffic prevention and control platform, and urban traffic safety monitoring management and control service platform. It also provides smart delivery solutions, including traffic integrated information management system, smart highway management service platform, rural road information management system, water transportation information platform, comprehensive highway control system, and transportation enterprise safety production cloud supervision platform; and smart city solutions, such as Internet of things basic platform, smart parking, smart park operation service platform, IoT terminal products, urban internet of things electric bicycle management and control platform, and risk management and control system for dangerous goods in chemical and logistics parks. The company also exports its products. WuHan Yangtze Communication Industry GroupCo.,Ltd was founded in 1996 and is headquartered in Wuhan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wuhan Yangtze Communication Industry Group Co Ltd reported revenue of 1.0B CNY in FY2025 versus 110M CNY in FY2021, a compound +74.6%/yr. Reported net income was 219M CNY in FY2025, compounding +24.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.0B CNY
Latest YoY
+10.6%
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.
+17.3%
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.
+42.0%
Avg. revenue growth/yr (28Y) 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.
+4.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+7.8% (7.6 + 0.2)
Revenue +74.6%/yr
FY21 110M CNY
FY22 632M CNY
FY23 696M CNY
FY24 924M CNY
FY25 1.0B CNY
Net income +24.4%/yr
FY21 91.5M CNY
FY22 198M CNY
FY23 221M CNY
FY24 171M CNY
FY25 219M CNY
Character of growth · EPS growth decomposed (2014-2024) +12.6 % p.a.
Revenue per share −1.8 %

of which total revenue +0.5 % · buybacks/dilution −2.3 %

EBIT margin +24.2 %
Tax rate −0.2 %
Residual (interest, one-offs) −7.5 %

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).

600345 screens 318% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Wuhan Yangtze Communication Industry Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600345

Peer Group

Communication Equipment · 302 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 −76% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 0% · Below median
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) −80% · Bottom 25%
Revenue growth 1% · Below median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 62.1× · Pricier than median
P/B 4.10× · Pricier than median
P/S (TTM) 15.25× · Pricier than 75% of peers
PEG 0.89× · 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
VALUE0 · sector 0
FUTURE4 · sector 39
PAST27 · sector 15
HEALTH99 · sector 98
DIVIDEND5 · sector 22

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

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $112.15 $61.53 −45%
Zhongji Innolight Co 300308 ¥866.12 ¥171.09 −80%
Foxconn Industrial Internet Co 601138 ¥61.83 ¥28.65 −54%
Eoptolink Technology Inc 300502 ¥429.90 ¥176.99 −59%
Nokia Oyj NOK $10.21 $3.78 −63%
Motorola Solutions, Inc MSI $491.24 $236.33 −52%
Yangtze Optical Fibre And Cable Joint Stock Limited 601869 ¥400.03 ¥201.38 −50%
Suzhou TFC Optical Communication Co 300394 ¥276.25 ¥43.67 −84%
Telefonaktiebolaget LM Ericsson (publ), ERIC $10.13 $19.85 +96%
Accton Technology Corporation 2345 2,270 TWD 1,135 TWD −50%

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Frequently asked questions

Is Wuhan Yangtze Communication Industry Group Co Ltd (600345) overvalued or undervalued?
As of Aug 26, 2026, our model estimates a fair value of ¥11.16 versus a price of ¥46.59, about −76% upside (overvalued).
What is the fair value of 600345?
Our model-based fair value for Wuhan Yangtze Communication Industry Group Co Ltd is ¥11.16 (as of Aug 26, 2026), built from audited fundamentals. The current price: ¥46.59.
What is the quality score of 600345?
Wuhan Yangtze Communication Industry Group Co 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 Wuhan Yangtze Communication Industry Group Co Ltd (600345)?
Wuhan Yangtze Communication Industry Group Co Ltd reported trailing-twelve-month revenue of about 1.0B CNY (latest available figure, as of Aug 26, 2026).
What is the net profit margin of 600345?
The net profit margin of Wuhan Yangtze Communication Industry Group Co Ltd is about 24.6%, meaning it keeps roughly 24.6% of revenue as net income. Based on the latest reported figures.
Does Wuhan Yangtze Communication Industry Group Co Ltd pay a dividend?
Wuhan Yangtze Communication Industry Group Co Ltd currently shows a dividend yield of about 0.24% relative to its recent price (as of Aug 26, 2026).
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