Shanghai Xinmei Real Estate Co Ltd Class A (600732) Fair Value & Analysis
Technology · CN · Market cap 25.8B CNY (≈ $3.8B) · ISIN CNE000000LN6
What is Shanghai Xinmei Real Estate Co Ltd Class A really worth?
Below-average quality, and trading another 202% above our fair value of ¥3.60.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 12 valuation models · updated 22 days ago
Share price −13.2% 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 (¥5.06). The favourable scenario is already priced in.
- Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (¥2.15 to ¥5.06) 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 Aug 13, 2026.
How to read this chart
60‑month range ¥6.88 – ¥33.63 · fair‑value band ¥2.15 – ¥5.06 · the ¥10.87 price screens above the ¥3.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Shanghai Xinmei Real Estate Co Ltd Class A (600732) currently trades at ¥10.87, while our model-based Fair Value estimate is ¥3.60, implying the stock looks roughly 201.6% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of ¥15.98 per share, and 7 of the 12 models we run sit above the ¥10.87 price. Bear case: the Asset-Based group reads lowest at ¥1.63, and 5 of the 12 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Shanghai Xinmei Real Estate Co Ltd Class A generated revenue of 15.9B CNY at a net margin of −12.3%. Revenue grew 7.3% year over year. It earns a return on equity of −31.8%. Net debt stands at 5.5B CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥2.15 (bear case) to ¥5.06 (bull case); at ¥10.87, 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 39% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −67%, 600732 screens richer than that median.
Fair Value models
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 12 models by family
Widest divergence: DCF Models (¥15.98) versus Asset-Based (¥1.63). Highest evidence: FCF DCF (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 31
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
Shanghai Aiko Solar Energy Co.,Ltd. engages in the research and development, manufacture, and sale of photovoltaic products in China. It offers solar cells, all back contact modules, and digital products. The company also provides solutions to residential, commercial and industrial, and utility sectors.
Full company description
Shanghai Aiko Solar Energy Co.,Ltd. engages in the research and development, manufacture, and sale of photovoltaic products in China. It offers solar cells, all back contact modules, and digital products. The company also provides solutions to residential, commercial and industrial, and utility sectors. It serves installers, distributors, and module manufacturers. The company also exports its products to Europe, the Asia Pacific, Japan, Korea, the Middle East, and Africa. Shanghai Aiko Solar Energy Co.,Ltd. was founded in 1996 and is based in Shanghai, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shanghai Xinmei Real Estate Co Ltd Class A reported revenue of 15.6B CNY in FY2025 versus 15.5B CNY in FY2021, a compound +0.2%/yr. Reported net income was −1.8B CNY in FY2025.
600732 screens 202% overvalued. Compare with First Solar, Inc →
Peer Group
Solar · 109 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 Solar 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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Solar stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $210.10 | $392.12 | +87% |
| Nextpower Inc NXT | $103.67 | $69.61 | −33% |
| Waaree Energies Limited WAAREEENER | ₹2,624 | ₹2,709 | +3% |
| Tongwei Co 600438 | ¥12.89 | ¥12.13 | −6% |
| Jinko Solar Co 688223 | ¥4.16 | ¥6.47 | +56% |
| Enphase Energy, Inc ENPH | $39.25 | $24.15 | −38% |
| CSI Solar Co 688472 | ¥10.28 | ¥6.76 | −34% |
| Hengdian Group 002056 | ¥21.53 | ¥31.86 | +48% |
| Premier Energies Limited PREMIERENE | ₹1,017 | ₹648.94 | −36% |
| Trina Solar Co 688599 | ¥12.77 | ¥7.97 | −38% |
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