Hygon Information Technology Co. Ltd. A (688041) Fair Value & Analysis
Technology · CN · Market cap 773B CNY (≈ $115B) · ISIN CNE100005PT2
What is Hygon Information Technology Co. Ltd. A really worth?
A solid business, but trading 695% above our fair value of ¥30.66.
Strengths
Risks
For context
Fair value as of: Aug 23, 2026
From 26 valuation models · updated 13 days ago
Share price −15.6% 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 (¥38.32). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥20.59 to ¥38.32) leaves room in how you read the outcome.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.
How to read this chart
49‑month range ¥37.65 – ¥370.30 · fair‑value band ¥20.59 – ¥38.32 · the ¥243.67 price screens above the ¥30.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.
Analysis
Hygon Information Technology Co. Ltd. A (688041) currently trades at ¥243.67, while our model-based Fair Value estimate is ¥30.66, implying the stock looks roughly 694.9% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of ¥55.34 per share, and 0 of the 26 models we run sit above the ¥243.67 price. Bear case: the Dividend Discount group reads lowest at ¥3.08, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Hygon Information Technology Co. Ltd. A generated revenue of 16.0B CNY at a net margin of 17.0%. Revenue grew 68.1% year over year. It earns a return on equity of 15.0%. Net debt stands at 559M CNY. Fundamentals as of Aug 23, 2026
Our scenario range runs from ¥20.59 (bear case) to ¥38.32 (bull case); at ¥243.67, 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 32% below its 52-week high and 85% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −40% fair-value upside, at −87%, 688041 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 ¥0.6319 per share, which is 1.3 % 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 (¥55.34) versus Dividend Discount (¥3.08). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 60
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
Hygon Information Technology Co., Ltd. engages in the research and development of processors, accelerators, and other computing chip products and systems in China. It offers high-performance processors for data centers; mid-range processors for industry customers; and other processors for various scenarios, as well as high-performance domestic processors.
Full company description
Hygon Information Technology Co., Ltd. engages in the research and development of processors, accelerators, and other computing chip products and systems in China. It offers high-performance processors for data centers; mid-range processors for industry customers; and other processors for various scenarios, as well as high-performance domestic processors. The company's products are used in various applications, including commercial workstations, artificial intelligence, cloud computing, cloud storage, data center, scientific computing, industrial computing, and safety. Hygon Information Technology Co., Ltd. was founded in 2014 and is based in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hygon Information Technology Co. Ltd. A reported revenue of 14.4B CNY in FY2025 versus 2.3B CNY in FY2021, a compound +57.9%/yr. Reported net income was 2.5B CNY in FY2025, compounding +67.0%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
688041 screens 695% overvalued. Compare with Dell Technologies Inc →
Peer Group
Computer Hardware · 222 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 Computer Hardware 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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Dell Technologies Inc DELL | $456.24 | $187.75 | −59% |
| Arista Networks, Inc ANET | $201.09 | $57.72 | −71% |
| Western Digital Corporation WDC | $441.57 | $47.49 | −89% |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥35.18 | ¥40.44 | +15% |
| Shenzhen Longsys Electronics Co 301308 | ¥376.88 | ¥91.67 | −76% |
| Lenovo Group 0992 | HK$30.12 | HK$33.70 | +12% |
| Dawning Information Industry Co 603019 | ¥83.19 | ¥39.38 | −53% |
| HP Inc HPQ | $30.52 | $48.62 | +59% |
| Inspur Electronic Information Industry Co 000977 | ¥73.79 | ¥44.02 | −40% |
| Super Micro Computer, Inc SMCI | $38.46 | $37.09 | −4% |
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