002916:SZSEShennan Circuit Co., Ltd. Class A Analysis

Shennan Circuits is trading at CNY 334, well below its 20‑day SMA of 421.12 but above the 50‑day SMA of 393.84, indicating a short‑term pull‑back within a longer‑term uptrend. The RSI of 36.8 suggests the stock is approaching oversold territory, while a bearish MACD (-7.54 line vs 5.38 signal) adds a note of caution. Support sits at 327.60 and volatility over the past 30 days is high at 84 %, meaning price swings could be sizable.
Fundamentally, revenue surged 38 % year‑over‑year and margins remain solid, yet the trailing PE of 64.1 dwarfs the industry average of 32.8, flagging clear overvaluation. The DCF‑derived fair value of roughly 123 implies a modest upside of about 9 % versus the current price, while a low payout ratio of 22 % and positive operating cash flow support dividend sustainability at a 0.72 % yield.