MayAir Technology (China) Co. Ltd. A (688376) Fair Value & Analysis

Industrials · CN · Market cap 9.5B CNY (≈ $1.4B) · ISIN CNE100005V41

What is MayAir Technology (China) Co. Ltd. A really worth?

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 →

What matters now

• The price sits above even our optimistic bull case (¥36.39). The favourable scenario is already priced in.
• Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (4 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

46‑month range ¥24.38 – ¥119.99 · fair‑value band ¥20.35 – ¥36.39 · the ¥62.35 price screens above the ¥29.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

MayAir Technology (China) Co. Ltd. A (688376) currently trades at ¥62.35, while our model-based Fair Value estimate is ¥29.11, implying the stock looks roughly 114.2% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥22.20 per share, and 0 of the 25 models we run sit above the ¥62.35 price. Bear case: the Dividend Discount group reads lowest at ¥5.85, and 25 of the 25 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, MayAir Technology (China) Co. Ltd. A generated revenue of 2.1B CNY at a net margin of 5.4%. Revenue grew 44.5% year over year. It earns a return on equity of 6.3%. Net debt stands at 122M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥20.35 (bear case) to ¥36.39 (bull case); at ¥62.35, 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 27% below its 52-week high and 85% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −53%, 688376 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 ¥0.4552 per share, which is 1.6 % 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.

Widest divergence: DCF Models (¥22.20) versus Dividend Discount (¥5.85). Highest evidence: FCF DCF (79).

Key figures & financial health

Quality Score breakdown

About the company

MayAir Technology (China) Co., Ltd. engages in the research and development, production, and sale of medical air purification equipment and atmospheric environment treatment products in China.

Full company description

MayAir Technology (China) Co., Ltd. engages in the research and development, production, and sale of medical air purification equipment and atmospheric environment treatment products in China. The company's products include fan filter units; media, chemical, functional, electrostatic, and cartridge filters; and bio-safety sterile purification equipment, home and commercial air purifiers, medical disinfection machines, purification equipment, dust and oil mist removal equipment, kitchen oil fume equipment, and kitchen exhaust systems. Its products are used in semiconductors, public health care, biopharmaceutical, and food industries, as well as medical institutions, large commercial buildings, public places, home environments, industrial dust removal, VOCs treatment, etc. MayAir Technology (China) Co., Ltd. was founded in 2001 and is based in Nanjing, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MayAir Technology (China) Co. Ltd. A reported revenue of 1.9B CNY in FY2025 versus 1.1B CNY in FY2021, a compound +13.8%/yr. Reported net income was 121M CNY in FY2025, compounding +2.8%/yr from FY2021.

688376 screens 114% overvalued. Compare with Veralto Corporation →

Peer Group

Pollution & Treatment Controls · 93 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 Pollution & Treatment Controls 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.

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