TacticScaleWhat Hangzhou Greatstar Industrial (巨星科技) Does & How It Makes Money (002444.SZ)
Updated October 2026 · reflects Hangzhou Greatstar Industrial's latest reported financials
Chinese maker of hand tools, power tools and tool storage. It makes money selling branded tools and related products through department stores, auto parts and other chain retailers, and industrial customers.
How Hangzhou Greatstar Industrial makes money
It makes money selling branded tools and related products through department stores, auto parts and other chain retailers, and industrial customers. It also sells through e-commerce platforms in China and overseas.
What Hangzhou Greatstar Industrial does
Hangzhou Greatstar Industrial, founded in 1993 and based in Hangzhou, is a tools company. It develops, makes and sells hand, power and industrial tools. The range covers mechanic tools, pneumatic tools, laser tools and LIDAR, tool storage, vacuum cleaners and labor protection products, sold in China and internationally. The company sells under many brands, including ARROW, SK, shop.vac, BeA, LISTA, DuraTech, Goldblatt, WORKPRO, PONY JORGENSEN, SHEFFIELD and TESA TECHNOLOGY. Its sales channels include department stores, auto parts and other chain retailers, industrial users, and e-commerce platforms in China and abroad.
Products & services
- Hand and mechanic tools (SK, WORKPRO)
- Power and pneumatic tools (BeA)
- Laser measuring tools and LIDAR
- Tool storage systems (LISTA)
- Shop vacuums (shop.vac)
- Labor protection products
巨星科技是做什么的？
杭州巨星科技股份有限公司成立于1993年，总部位于杭州，主要研发、生产和销售手动工具、电动工具及工业工具。产品包括机械工具、气动工具、激光工具/激光雷达、工具存储、吸尘器和劳保用品，在国内外均有销售。 公司拥有ARROW、SK、shop.vac、BeA、LISTA、WORKPRO、SHEFFIELD、TESA TECHNOLOGY等众多品牌。销售渠道包括百货商店、汽配及其他连锁超市、工业客户，以及国内外电商平台。
What is Hangzhou Greatstar Industrial worth?
On an owner-earnings DCF, Hangzhou Greatstar Industrial's most-likely value is about ¥8 versus a recent price near ¥27 (224% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥5) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
⚠ Capital-intensive — this business reinvests heavily, so free cash flow runs well below its earnings. Fair value here is built on free cash flow, which understates owner earnings for reinvestment-heavy companies — read it as conservative.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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