China Railway Hi-tech Industry Corp Ltd (600528) Fair Value & Analysis
Industrials · CN · Market cap 15.9B CNY (≈ $2.4B) · ISIN CNE0000017Z3
What is China Railway Hi-tech Industry Corp Ltd really worth?
Below-average quality, trading 39% below our fair value of ¥11.43.
Strengths
Risks
For context
Fair value as of: Sep 3, 2026
From 26 valuation models · updated yesterday
Share price −4.0% 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 is below even our cautious bear case (¥8.25). The market is more pessimistic than our downside scenario.
- Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
60‑month range ¥6.59 – ¥11.01 · fair‑value band ¥8.25 – ¥14.25 · the ¥6.96 price screens below the ¥11.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.
Analysis
China Railway Hi-tech Industry Corp Ltd (600528) currently trades at ¥6.96, while our model-based Fair Value estimate is ¥11.43, implying the stock looks roughly 39.1% undervalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ¥11.79 per share, and 20 of the 26 models we run sit above the ¥6.96 price. Bear case: the Dividend Discount group reads lowest at ¥1.63, and 6 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, China Railway Hi-tech Industry Corp Ltd generated revenue of 27.8B CNY at a net margin of 4.9%. Revenue grew 2.2% year over year. It earns a return on equity of 4.7%. The balance sheet holds a net cash position of 322M CNY. Fundamentals as of Sep 3, 2026
Our scenario range runs from ¥8.25 (bear case) to ¥14.25 (bull case); at ¥6.96, 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 42% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at 64%, 600528 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 ¥0.3384 per share, which is 3.0 % 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 26 models by family
Widest divergence: Growth Earnings (¥11.79) versus Dividend Discount (¥1.63). Highest evidence: FCF DCF (82).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 40
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
China Railway Hi-tech Industry Corporation Limited manufactures and sells infrastructure construction equipment internationally. The company offers bridge steel structures, shield machine, TBM, profiled shield machine, large special construction machinery, series maglev, and straddle rail transit turnouts and tracks.
Full company description
China Railway Hi-tech Industry Corporation Limited manufactures and sells infrastructure construction equipment internationally. The company offers bridge steel structures, shield machine, TBM, profiled shield machine, large special construction machinery, series maglev, and straddle rail transit turnouts and tracks. It engages in the manufacturing and installing of steel structure products; and researches and manufactures railway turnouts, such as turnout, rail, fastening system, fish plate, sleeper, point machine, etc. In addition, the company provides tunnel equipment, including TBM products, tunneling equipment products, rock drill jumbo, and wet shotcrete machines; research, design, and manufacturing of equipment for railway, highway, bridge, urban rail transit, tunnel, port, station yard, municipal construction, marine engineering and energy source exploitation, the civil engineering, and technical testing and state supervisory; and operation, maintenance, design, and manufacturing of cars and stations. Further, it is involved in water environment treatment; solid waste disposal; soil remediation; equipment research, development, and manufacturing; provision of energy saving services; environmental protection; pharmaceutical production; medical waste hazardous waste disposal; and renewable resources recycling and other fields. The company was formerly known as China Railway Erju Co., Ltd. and changed its name to China Railway Hi-tech Industry Corporation Limited in January 2017. China Railway Hi-tech Industry Corporation Limited was founded in 1999 and is based in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Railway Hi-tech Industry Corp Ltd reported revenue of 27.6B CNY in FY2025 versus 27.2B CNY in FY2021, a compound +0.4%/yr. Reported net income was 1.4B CNY in FY2025, compounding −7.4%/yr from FY2021.
of which total revenue −8.6 % · buybacks/dilution −3.7 %
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).
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Peer Group
Engineering & Construction · 816 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 Engineering & Construction 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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Quanta Services, Inc PWR | $620.06 | $143.92 | −77% |
| Vinci SA DG | €114.35 | €185.62 | +62% |
| Comfort Systems USA, Inc FIX | $1,615 | $519.97 | −68% |
| Larsen & Toubro Limited LT | ₹4,072 | ₹2,196 | −46% |
| Ferrovial N.V FER | €57.28 | €19.17 | −67% |
| HOCHTIEF Aktiengesellschaft HOT | €426.40 | €203.87 | −52% |
| Samsung C&T Corporation 028260 | 373,000 KRW | 261,411 KRW | −30% |
| EMCOR Group EME | $775.04 | $549.47 | −29% |
| MasTec, Inc MTZ | $241.00 | $100.00 | −59% |
| Bouygues SA EN | €46.65 | €65.67 | +41% |
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