HUAQIN TECHNOLOGY LTD A (603296) Fair Value & Analysis
Technology · CN · Market cap 119B CNY (≈ $17.7B) · ISIN CNE100006M82
What is HUAQIN TECHNOLOGY LTD A really worth?
Below-average quality, and trading another 91% above our fair value of ¥39.69.
Risks
For context
Fair value as of: Aug 28, 2026
From 17 valuation models · updated 8 days ago
Share price −5.1% 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 (¥60.65). The favourable scenario is already priced in.
- Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥28.86 to ¥60.65) leaves room in how you read the outcome.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.
How to read this chart
37‑month range ¥25.74 – ¥88.88 · fair‑value band ¥28.86 – ¥60.65 · the ¥75.98 price screens above the ¥39.69 fair value. Dashed = 300-day average. As of Aug 28, 2026.
Analysis
HUAQIN TECHNOLOGY LTD A (603296) currently trades at ¥75.98, while our model-based Fair Value estimate is ¥39.69, implying the stock looks roughly 91.4% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ¥97.25 per share, and 4 of the 17 models we run sit above the ¥75.98 price. Bear case: the Asset-Based group reads lowest at ¥12.16, and 13 of the 17 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, HUAQIN TECHNOLOGY LTD A generated revenue of 177B CNY at a net margin of 2.4%. Revenue grew 16.4% year over year. It earns a return on equity of 17.0%. Net debt stands at 5.2B CNY. Fundamentals as of Aug 28, 2026
Our scenario range runs from ¥28.86 (bear case) to ¥60.65 (bull case); at ¥75.98, 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 40% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at −48%, 603296 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 ¥1.46 per share, which is 3.7 % 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 17 models by family
Widest divergence: Growth Earnings (¥97.25) versus Asset-Based (¥12.16). Highest evidence: EPV (71).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 52
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
Huaqin Co., Ltd. engages in the research, design, manufacturing, and operation services of intelligent products in China and internationally.
Full company description
Huaqin Co., Ltd. engages in the research, design, manufacturing, and operation services of intelligent products in China and internationally. The company offers personal electronics, including smart phones, tablets, and laptops; smart wearables; VR and AR, smart speaker, smart door lock, and TV; automotive electronics comprising intelligent cabin, connection, driving, and vehicle control; commercial devices which include POS, mobile data collection terminals, intelligent door locks, intelligent speakers, smart office, industrial webcams, and edge computing; and general purpose servers, network switches, heterogeneous servers, and edge servers, as well as digital scenes. It caters to global technology companies and the consumer electronics industry. The company sells its products through direct sales force, distributors, and global brand customers. Huaqin Co., Ltd. was formerly known as Huaqin Technology Co.ltd. and changed its name to Huaqin Co., Ltd. in December 2020. The company was founded in 2005 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
HUAQIN TECHNOLOGY LTD A reported revenue of 171B CNY in FY2025 versus 83.8B CNY in FY2021, a compound +19.6%/yr. Reported net income was 4.1B CNY in FY2025, compounding +21.0%/yr from FY2021.
603296 screens 91% overvalued. Compare with Samsung Electronics Co →
Peer Group
Consumer Electronics · 127 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 Consumer Electronics 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 Consumer Electronics stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Samsung Electronics Co 005930 | 257,000 KRW | 163,160 KRW | −37% |
| Sony Group SONY | $24.07 | $28.28 | +17% |
| Xiaomi Corporation 81810 | HK$24.16 | HK$38.03 | +57% |
| LG Electronics Inc 066570 | 201,500 KRW | 98,149 KRW | −51% |
| Sharetronic Data Technology Co 300857 | ¥254.49 | ¥35.52 | −86% |
| Huaqin Co 3296 | HK$77.50 | HK$71.51 | −8% |
| Goertek Inc 002241 | ¥22.11 | ¥21.02 | −5% |
| LG Corp 003550 | 113,700 KRW | 89,984 KRW | −21% |
| Shenzhen Transsion Holdings 688036 | ¥58.89 | ¥56.82 | −4% |
| Dixon Technologies (India) Limited DIXON | ₹14,495 | ₹4,022 | −72% |
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