TacticScaleWhat Ningbo Huaxiang Electronic (宁波华翔) Does & How It Makes Money (002048.SZ)
Updated October 2026 · reflects Ningbo Huaxiang Electronic's latest reported financials
Chinese auto parts maker of interior trim, body metal, and electrical components. It earns revenue by designing, manufacturing, and supplying interior/exterior trim, body metal parts, and electrical accessories to automakers, both traditional OEMs and electric vehicle makers.
How Ningbo Huaxiang Electronic makes money
It earns revenue by designing, manufacturing, and supplying interior/exterior trim, body metal parts, and electrical accessories to automakers, both traditional OEMs and electric vehicle makers.
What Ningbo Huaxiang Electronic does
Ningbo Huaxiang Electronic is a Chinese auto parts supplier that designs, produces, and sells components in China and internationally. Its products fall into three groups: interior and exterior trim (dashboards, door panels, center consoles, headliners, carpets, trim strips, rearview mirror modules), body metal parts (structural components and battery box housings), and electronic and electrical accessories (wiring harness protection systems, high-voltage protection plastic parts, and energy storage module plastic parts). The company supplies both traditional OEM automakers and intelligent electric vehicle manufacturers. Its battery box housings, high-voltage protection parts, and energy storage parts give it a role in the EV supply chain. It was incorporated in 2001 and is based in Shanghai.
Products & services
- Dashboards, door panels and center consoles
- Headliners, carpets and trim strips
- Rearview mirror modules
- Body structural components and battery box housings
- Wiring harness protection systems
- High-voltage protection and energy storage module plastic parts
宁波华翔是做什么的？
宁波华翔电子股份有限公司是一家汽车零部件供应商，在国内外设计、生产并销售汽车零部件。产品分为三大类：内外饰件（仪表板、门板、中控台、顶棚、地毯、装饰条、后视镜模块）、车身金属件（车身结构件、电池箱壳体）以及电子电器配件（线束保护系统、高压防护塑料件、储能模块塑料件）。 公司客户包括传统整车厂和智能电动车企业，电池箱壳体、高压防护件等产品是其参与新能源汽车供应链的业务。公司成立于2001年，总部位于上海。
What is Ningbo Huaxiang Electronic worth?
On an owner-earnings DCF, Ningbo Huaxiang Electronic's most-likely value is about ¥18 versus a recent price near ¥17 (4% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥10) 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.
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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