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HUAQIN TECHNOLOGY LTD A (603296) fair value: what the stock is really worth

As of Oct 14, 2026: fair value of HUAQIN TECHNOLOGY LTD A ¥65.71, price ¥68.81, upside -4.5%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · CN · ISIN CNE100006M82

HT HUAQIN TECHNOLOGY LTD A logo Broad data Oct 13, 2026

HUAQIN TECHNOLOGY LTD A

603296 · SHG

Low PriorityFair Value upside is limited and quality is weak.

The stock costs about what our calculation considers fair.

Low debt
Broad data
Fair value ¥65.71 · Fairly valued (−4.5%)
Quality 49/100
Expensive Growth (revenue 3y +22.8 %/yr in CNY)
Thin margins · 2.9% net margin (TTM)
1.2% dividend yield · Watch coverage
Mixed vs. peers (7/13)
Negative free cash flow
Narrow moat 40/100 · thin data
Watch HUAQIN TECHNOLOGY LTD A for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥88.88 ¥25.74 Fair Value ¥65.71 Aug 2023 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 13, 2026.

How to read this chart

38‑month range ¥25.74 – ¥88.88 · fair‑value band ¥48.37 – ¥83.05 · the ¥68.81 price screens above the ¥65.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 13, 2026.

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Company profile

Huaqin Co., Ltd. engages in the research, design, manufacturing, and operation services of intelligent products in China and internationally.

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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.

Stock analysis

HUAQIN TECHNOLOGY LTD A (603296) currently trades at ¥68.81, while our model-based Fair Value estimate is ¥65.71, so the stock looks roughly fairly valued today (gap 4.7%).

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ¥115.33 per share, and 7 of the 17 models we run sit above the ¥68.81 price.

Bear case: the Asset-Based group reads lowest at ¥12.16, and 10 of the 17 models stay below the price. Data coverage for this calculation is high.

Scenario range: ¥48.37 (bear) to ¥83.05 (bull), the price of ¥68.81 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 49/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

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.

Key figures

Market cap 112B CNY (≈ $16.8B) · P/E ratio 19.0 · P/S ratio 0.45 · EPS (TTM) ¥3.62 · Dividend yield 1.2% · Net margin 2.4% · Return on equity 18.5% · Return on assets (EBIT) 4.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).

What moves the price

The share trades about 23% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −30% fair-value upside, at −5%, 603296 screens cheaper than that median.

Fair Value models

Bear ¥48.37 Fair Value ¥65.71 Bull ¥83.05
Price ¥68.81 · Upside -4.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥2.18 per share) are deliberately not added. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV ¥28.25 ¥31.87 ¥35.04 71
Residual Income ¥18.94 ¥24.97 ¥39.91 71
ROIC Compounder ¥35.97 ¥52.08 ¥62.07 69
All 17 models by family
DCF Models
Owner Earnings ¥33.66 ¥68.30 ¥141.02 68
Earnings-Based
Graham-Dodd ¥19.39 ¥135.25 ¥189.80 60
Lynch FV ¥58.14 ¥83.05 ¥107.97 58
PEG = 1.0 ¥58.14 ¥83.05 ¥107.97 55
EPV ¥28.25 ¥31.87 ¥35.04 71
Dividend Discount
Gordon GGM ¥8.32 ¥17.31 ¥27.45 63
DDM Multi-Stage ¥8.32 ¥14.59 ¥18.16 64
Multiples
P/E Multiple ¥59.89 ¥79.86 ¥99.82 63
P/S Multiple ¥36.36 ¥48.48 ¥60.61 58
P/B Multiple ¥36.36 ¥48.48 ¥60.61 55
EV/EBIT ¥58.52 ¥75.86 ¥93.19 66
EV/EBITDA ¥60.64 ¥78.69 ¥96.73 67
EV/Revenue ¥32.80 ¥44.07 ¥55.34 54
Asset-Based
NCAV (Graham) ¥9.07 ¥12.16 ¥18.15 54
Economic Profit
Residual Income ¥18.94 ¥24.97 ¥39.91 71
ROIC Compounder ¥35.97 ¥52.08 ¥62.07 69
Growth Earnings
Growth-Adj P/E ¥80.73 ¥115.33 ¥149.92 65

P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 49/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 49
How much profit the company makes from its sales and capital
Quality Growth 73
Are margins and returns getting better?
Cashflow 12
Do the profits arrive as real cash?
Financial strength 68
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 41
How calm the share price moves, does not count
Momentum 37
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 34
Distance to the 52-week high, does not count
New shares 63
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+56.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+22.8%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+15.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.0%
Dividend (yield on the price)1.2%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 2%

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Peer Groupⓘ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.Consumer Electronics · 116 stocks

Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 49 · Below median
Fair Value upside −4.5% · Above median
Profitability
Return on equity (12 months) 18.5% · Top 25%
Return on assets 4.2% · Above median
Net margin (12 months) 2.9% · Above median
Operating margin (12 months) 1.4% · Below median
Growth and dividend
Revenue growth 8.2% · Above median
Dividend yield (12 months) 1.2% · Below median
Balance sheet
Debt / equity 0.18× · Above median

Valuation Multiplesvs Consumer Electronics median · lower = cheaper

P/E (12 months) 19.0× · Cheaper than median
P/B 4.36× · Priciest 25%
P/S (12 months) 0.62× · Cheaper than median
EV/EBITDA 21.4× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)27 · sector 8
FUTURE (revenue growth)41 · sector 29
PAST (return on equity)74 · sector 22
HEALTH (low debt)91 · sector 97
DIVIDEND (yield)25 · sector 32

Context: sector, industry, market

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 Consumer Electronics stocks, each showing price versus our Fair Value estimate.

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Xiaomi Corporation 1810 HK$24.52 HK$44.58 +82% vs 603296
Hisense Visual Technology Co 600060 ¥27.22 ¥35.17 +29% vs 603296
Sony Group SONY $24.26 $30.19 +24% vs 603296
Shenzhen Transsion Holdings 688036 ¥48.94 ¥54.13 +11% vs 603296
Goertek Inc 002241 ¥20.85 ¥14.66 −30% vs 603296
Samsung Electronics Co 005930 232,000 KRW 162,073 KRW −30% vs 603296
Anker Innovations Limited 300866 ¥112.87 ¥77.69 −31% vs 603296
LG Corp 003550 108,100 KRW 64,594 KRW −40% vs 603296
LG Electronics Inc 066570 200,500 KRW 91,357 KRW −54% vs 603296
Dixon Technologies (India) Limited DIXON ₹12,774 ₹4,022 −69% vs 603296

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HUAQIN TECHNOLOGY LTD A · Fair Value
¥65.71 −5%Fair Value
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Cite: Fair Value Calculator (2026). "HUAQIN TECHNOLOGY LTD A Fair Value". https://www.fairvalue-calculator.com/stock/603296

Frequently asked questions

Is HUAQIN TECHNOLOGY LTD A (603296) overvalued or undervalued?
As of Oct 13, 2026, our model estimates a fair value of ¥65.71 versus a price of ¥68.81, about −5% upside (fairly valued).
What is the fair value of 603296?
Our model-based fair value for HUAQIN TECHNOLOGY LTD A is ¥65.71 (as of Oct 13, 2026), built from audited fundamentals. The current price: ¥68.81.
What is the quality score of 603296?
HUAQIN TECHNOLOGY LTD A has a Quality Score of 49/100. 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 price target for HUAQIN TECHNOLOGY LTD A (603296)?
Our model-based price target is the fair value of ¥65.71 (as of Oct 13, 2026) from 17 valuation models. Cautious scenario ¥48.37, optimistic scenario ¥83.05. It is a calculation from audited fundamentals, not an analyst target.
What is the HUAQIN TECHNOLOGY LTD A stock forecast for 2026?
Our models put fair value at ¥65.71, about −5% upside versus a price of ¥68.81 (fairly valued). Cautious scenario ¥48.37, optimistic scenario ¥83.05. The calculation is refreshed regularly with new filings.
What is the revenue of HUAQIN TECHNOLOGY LTD A (603296)?
HUAQIN TECHNOLOGY LTD A reported trailing-twelve-month revenue of about 181B CNY (latest available figure, as of Oct 13, 2026).
Does HUAQIN TECHNOLOGY LTD A pay a dividend?
HUAQIN TECHNOLOGY LTD A currently shows a dividend yield of about 1.25% relative to its recent price (as of Oct 13, 2026).
What is the intrinsic value of HUAQIN TECHNOLOGY LTD A (603296)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HUAQIN TECHNOLOGY LTD A it is ¥65.71 per share (as of Oct 13, 2026), against a price of ¥68.81. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is HUAQIN TECHNOLOGY LTD A stock overvalued or undervalued in 2026?
As of Oct 13, 2026, 603296 trades above its calculated fair value: price ¥68.81, fair value ¥65.71, a gap of about −5% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 603296?
No. The price is what the market pays today (¥68.81); the fair value is what the company's own numbers justify (¥65.71). For HUAQIN TECHNOLOGY LTD A the two are ¥3.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is HUAQIN TECHNOLOGY LTD A worth?
The market values HUAQIN TECHNOLOGY LTD A at about 112B CNY (market capitalisation, as of Oct 13, 2026). Per share that is ¥68.81; our models calculate a fair value of ¥65.71 per share.
What do the bullish and bearish scenarios say about 603296?
Our models span a range for HUAQIN TECHNOLOGY LTD A: cautious scenario ¥48.37, base ¥65.71, optimistic ¥83.05 per share (as of Oct 13, 2026, price ¥68.81). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603296?
HUAQIN TECHNOLOGY LTD A trades at a price-to-earnings ratio of 19.0 (as of Oct 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥65.71 is built from several models across several years. Other multiples: P/B 4.4, P/S 0.6, EV/EBITDA 21.4.
How solid is the balance sheet of HUAQIN TECHNOLOGY LTD A (603296)?
Balance-sheet figures for HUAQIN TECHNOLOGY LTD A (as of Oct 13, 2026): return on equity 18.5%, debt of 0.18 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 603296 from its 52-week high?
HUAQIN TECHNOLOGY LTD A trades at ¥68.81, about 23% below its 52-week high of ¥88.88 and 22% above the low of ¥56.33 (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of ¥65.71 is for.
Which stocks are comparable to HUAQIN TECHNOLOGY LTD A?
From the same area (Technology) we also value Samsung Electronics Co, Sony Group, Xiaomi Corporation, LG Electronics Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is HUAQIN TECHNOLOGY LTD A stock attractive at the current price?
The data as of Oct 13, 2026: price ¥68.81, calculated fair value ¥65.71 (−5%), Quality Score 49/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 603296 calculated?
We run HUAQIN TECHNOLOGY LTD A through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥65.71, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. HUAQIN TECHNOLOGY LTD A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of HUAQIN TECHNOLOGY LTD A (603296)?
The closing price on Oct 14, 2026 was ¥68.81. Our model-based fair value is ¥65.71, about −5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HUAQIN TECHNOLOGY LTD A right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.

Key figures of HUAQIN TECHNOLOGY LTD A

How large is the market capitalisation of HUAQIN TECHNOLOGY LTD A (603296)?
The market capitalisation of HUAQIN TECHNOLOGY LTD A is 112B CNY (≈ $16.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of HUAQIN TECHNOLOGY LTD A (603296)?
The price-to-sales ratio of HUAQIN TECHNOLOGY LTD A is 0.45 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of HUAQIN TECHNOLOGY LTD A (603296)?
Earnings per share at HUAQIN TECHNOLOGY LTD A are ¥3.62 (price ÷ EPS = P/E 19.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HUAQIN TECHNOLOGY LTD A (603296)?
The dividend yield of HUAQIN TECHNOLOGY LTD A is 1.2% (payout 23.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of HUAQIN TECHNOLOGY LTD A (603296)?
The net margin of HUAQIN TECHNOLOGY LTD A is 2.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of HUAQIN TECHNOLOGY LTD A (603296)?
The return on equity (ROE) of HUAQIN TECHNOLOGY LTD A is 18.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of HUAQIN TECHNOLOGY LTD A (603296)?
On an EBIT basis the return on assets of HUAQIN TECHNOLOGY LTD A is 4.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of HUAQIN TECHNOLOGY LTD A (603296)?
The operating margin of HUAQIN TECHNOLOGY LTD A is 1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HUAQIN TECHNOLOGY LTD A (603296)?
Revenue at HUAQIN TECHNOLOGY LTD A is growing +8.2% versus a year earlier (3y avg +22.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at HUAQIN TECHNOLOGY LTD A (603296)?
Earnings per share at HUAQIN TECHNOLOGY LTD A are growing +25.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HUAQIN TECHNOLOGY LTD A (603296) generate?
The free cash flow of HUAQIN TECHNOLOGY LTD A is −3.7B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does HUAQIN TECHNOLOGY LTD A (603296) carry?
The net debt of HUAQIN TECHNOLOGY LTD A is 5.2B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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