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300329.SZ$13.03-1.88%
Fair $13.03+0.0%

300329.SZ

Hailun Piano Co.,Ltd.

Consumer Cyclical / LeisureShenzhen

$13.03

-0.25 (-1.88%)

Fairly Valued+0.0%Fair Value $13.03Fund rank 28/100 · Data gapFallback financials|
SA 21/D
F-Score: 2/9
Declining RevenueMargin CompressionLow Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 33% · confianza 21%

FCF escenarios

weak_data · normalized FCF $-48.4M · quality 60.0/100

Data gap 28/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 28/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

21/100

D

Piotroski

2/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 3unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Revenue has declined for 3 consecutive years Operating margin has declined for 3 consecutive years ROE is -14.3%, below the 5% threshold
Thesis & Journal · 300329.SZLocal privado en este navegador · Hailun Piano Co.,Ltd.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$3.3B

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-14.3%

↓

Gross Margin

12.3%

↓

Debt/Equity

0.52

↑
52-Week Range$13
$7$19

TradingView lightweight chart

300329.SZ price, volumen y niveles de valoración

Último $13.03Periodo +135.6%
Fair value: $13.03

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-31.3%

FCF CAGR

—

FCF margin

-39.4%

FCF / Net income

0.54x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $122.8M · net income $-89.8M · FCF $-48.4M

2022-FY → 2025-FY

Gross margin

12.3%-13.5% pts

Operating margin

-46.0%-48.4% pts

Net margin

-73.1%-75.3% pts

FCF margin

-39.4%-11.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$122.8M$122.8M$159.2M$297.5M$379.2M
Net Income$-89.8M$-89.8M$-97.9M$-78.9M$8.3M
EBITDA$-73.7M$-73.7M$-77.1M$-42.6M$47.1M
EPS-0.36-0.36-0.39-0.310.03
Gross Margin12.3%12.3%13.1%23.0%25.8%
Operating Margin-46.0%-46.0%-34.1%-9.3%2.4%
Net Margin-73.1%-73.1%-61.5%-26.5%2.2%
Balance Sheet
Debt/Equity0.520.520.430.310.33
Current Ratio1.961.96———
Cash Flow
Free Cash Flow$-48.4M$-48.4M$-88.7M$-12.9M$-106.1M
Returns
ROE-14.3%-14.3%-13.6%-9.4%0.9%
Valuation
P/E————238.00
EV/EBITDA————46.45
P/B5.185.181.692.282.15
Growth & Yield
Revenue Growth-22.9%-22.9%-46.5%-21.6%—
EPS Growth7.7%7.7%-25.8%-1133.3%—
Dividend Yield0.2%0.2%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +79.2%

Total return

+79.2%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.39 → -0.36

Residual

+79.0%

EPS growthn/d
Multiple reratingn/d
Dividend+0.2%
Residual / FX / buybacks / cross-term+79.0%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.