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Top 5 Listed Companies by JY Evaluation (July 13–19) | Listed Company Watch

Institutional research activity this week remained largely flat compared to last week, though interest in top-tier companies cooled significantly, leading to a decline in research concentration. These调研 figures not only reflect where capital attention is focused but also signal shifts in current industry sentiment. Which company was most favored by institutions this week?

[Company Profile]

On July 16, 2026, Yanjing Beer announced that it hosted a调研 session attended by 81 institutions, including CICC, Guotai Haitong, GF Securities, Sunshine Asset Management, Shenwan Hongyuan, and CITIC Securities Proprietary Trading. Yanjing Beer focuses on the research and development, production, and sales of beer products. Its core offerings span a wide range of beer categories, including draft beer, pure live beer, wheat beer, and craft beer, catering to diverse consumption scenarios such as dining, retail distribution, and festive gifting. As a key player in China’s beer industry, the company has built competitive advantages over years of深耕 in brand equity, regional channel coverage, and product quality control—aligning closely with trends of consumer recovery, premiumization of beer products, and deepening penetration in regional markets. The recent调研 highlights sustained market interest in the company’s product mix upgrade and its earnings recovery potential amid consumer rebound.

[Ji'an Jinxin Listed Company Competitiveness Rating]

Compared with the 5,207 A-share listed companies nationwide, Yanjing Beer's performance across eight capability dimensions is as follows:

Based on ratings and rankings, Yanjing Beer demonstrates standout performance in capital structure (Grade A, ranked 454th), operational efficiency (Grade BBB, ranked 270th), and scale strength (Grade AA, ranked 423rd), placing it among market leaders. The company exhibits significant advantages in financial structural resilience and industrial scale. Its cash flow, profitability, asset quality, and growth capacity fall within the upper-middle range of the market, while its debt-servicing ability ranks slightly above average. Overall, its fundamental business profile is relatively balanced.

[JYX SWOT Assessment]

Based on a comprehensive analysis of the above eight capabilities, the following SWOT assessment is derived:

● Strengths: Capital structure exceeds the industry benchmark by 32.47%, cash flow surpasses the benchmark by 5.56%, and both growth capacity and scale strength are slightly above the benchmark. The company shows notable strengths on the financial structure front, with robust cash flow and growth dynamics providing effective support.

● Weaknesses: Profitability is 29.26% below the industry benchmark, debt-servicing ability is 25.85% below, and asset quality lags by 7.84%. Operational efficiency is also slightly below the benchmark. Weak profitability and insufficient debt-servicing capacity are the primary constraints on business development.

● Opportunities: Compared with industry leader Kweichow Moutai and the industry benchmark, the company has room for improvement across multiple capabilities. Specifically, profitability has 88.0% upside potential, asset quality 84.0%, debt-servicing ability 74.0%, and scale strength 31.0%. Accelerating premium product upgrades, deepening regional channel penetration, and optimizing cost controls could significantly enhance profitability and overall operating quality.

● Threats: Core operating metrics have declined to varying degrees—profitability dropped by 30.41%, asset quality by 27.66%, and operational efficiency by 21.54%, with cash flow and scale strength also retreating. Compounded by intensifying oligopolistic competition and high reliance on regional markets, failure to expedite product upgrades and market breakthroughs could hinder profit recovery and growth momentum.

[Ji'an Pricing]

As of the close on July 17, 2026, Yanjing Beer’s share price stood at RMB 11.94 per share, compared to a JY pricing target of RMB 16.26 per share, implying a deviation of -26.57%. The current share price lies in an undervalued range. Given the company’s relatively balanced fundamental business profile, if it can accelerate premium product upgrades and enhance cost controls to boost profitability, there is meaningful potential for valuation recovery and re-rating, warranting medium- to long-term monitoring.

[Company Profile]

On July 15, 2026, Guangdong Haid Group hosted a research visit by 43 institutional investors, including IGWT Investment, Guosheng Securities Co., Ltd., Guosen Securities Co., Ltd., Hehe (Beijing) Private Fund Management Co., Ltd., Hongyun Private Fund Management (Hainan) Co., Ltd., and Huaan Securities Co., Ltd. The company specializes in the R&D, production, and sales of aquatic feed, with core products including specialized and standard compound aquatic feeds as well as complementary animal health products. These are widely used in aquaculture of shrimp, marine fish, and premium freshwater species. As a leading domestic player in specialized aquatic feed, Haid has cultivated competitive advantages over years through expertise in specialized feed formulation, aquaculture technical services, and regional channel deployment. Its strategy aligns closely with industry trends toward scaled-up aquaculture, expanding demand for specialty aquatic products, and high-quality development in the feed sector. The recent investor visit underscores continued market interest in the company’s expansion in specialized aquatic feed and its potential for profitability recovery.

[Ji'an Jinxin Listed Company Competitiveness Rating]

Compared with the 5,207 A-share listed companies nationwide, Guangdong Haid Group’s performance across eight capability dimensions is as follows:

Based on ratings and rankings, Yuehai Feed’s development capability (BBB-rated, ranked 560th), operational efficiency (BB-rated, ranked 680th), and asset quality (BB-rated, ranked 1,374th) fall within the upper-middle segment of the market, indicating relatively strong growth momentum and asset fundamentals. Its capital structure is at the market median, while profitability, debt-servicing capacity, and scale strength are in the lower-to-mid market range.

[JYX SWOT Assessment]

Based on a comprehensive analysis of the above eight capabilities, the following SWOT assessment is derived:

● Strengths: Development capability exceeds the industry benchmark by 45.52%, and asset quality surpasses the benchmark by 44.02%, highlighting standout performance in growth potential and asset quality.

● Weaknesses: Profitability is 49.94% below the industry benchmark, scale strength is 40.29% below, debt-servicing capacity is 24.76% below, and cash flow is 20.90% below; weak profitability and limited business scale are core constraints on operational development.

● Opportunities: Compared with industry leader Yihai Kerry and the industry benchmark, the company has substantial room for improvement across multiple capabilities. Specifically, scale strength has a 123.0% expansion potential, profitability has 114.0% upside, and cash flow offers 68.0% headroom. Accelerating penetration in the specialty aquaculture feed market, optimizing cost control, and expanding business scale could significantly enhance its fundamentals.

● Threats: Key operating metrics have declined noticeably—debt-servicing capacity dropped by 37.03%, and cash flow fell by 37.74%. Operational efficiency and capital structure also weakened concurrently. Compounded by volatile feed raw material prices, sluggish recovery in aquaculture demand, and intensifying industry competition, failure to accelerate specialty feed volume growth and cost optimization could hinder profit recovery and growth momentum.

[Ji'an Pricing]

As of the close on July 17, 2026, Yuehai Feed’s share price stood at RMB 7.24 per share, compared to JYAN’s fair value estimate of RMB 7.37 per share, representing a deviation of -1.76%. The current share price is slightly undervalued. Given its relative competitive advantages in development capability and asset quality—and room for improvement in profitability and scale strength—the stock has potential for valuation recovery if the company accelerates market penetration in specialty aquaculture feed, enhances cost control, and expands its business scale.

[Company Profile]

On July 15, 2026, Wuyang Automation hosted an institutional调研 session attended by 29 firms, including Huajin Securities, Rongtong Fund, Huizhou Guohui Capital Private Fund Management Co., Ltd., Huaxi Fund, Qilai Fund, and Guojin Securities. Wuyang Automation specializes in the R&D, manufacturing, and sales of industrial automation control equipment and intelligent parking systems. Its core products include intelligent automated parking systems, industrial automation control integrated solutions, smart parking operation platforms, and automated logistics and warehousing systems, which are widely used in urban infrastructure, smart manufacturing, logistics warehousing, and municipal support facilities. As a key player in China’s industrial automation and intelligent parking sectors, the company has accumulated extensive expertise over years of focus on automation equipment, particularly in automation control technology, system integration, and project delivery and operations—aligning closely with trends such as manufacturing automation upgrades, urban parking infrastructure expansion, and accelerated smart infrastructure development. This调研 reflects sustained market interest in its automation equipment business expansion.

[Ji'an Jinxin Listed Company Competitiveness Rating]

Compared against 5,207 A-share listed companies nationwide, Wuyang Automation’s performance across eight capability dimensions is as follows:

Based on ratings and rankings, Wuyang Automation’s debt-servicing capacity (BBB-rated, ranked 297th) and capital structure (BBB-rated, ranked 1,427th) stand out, placing it among market leaders and demonstrating notable financial structural resilience. Cash flow (BB-rated, ranked 1,641st) sits at the market median. Operational efficiency, scale strength, and profitability fall in the lower-to-mid market range. Meanwhile, development capability (CC-rated, ranked 4,596th) and asset quality (CCC-rated, ranked 3,687th) rank in the bottom segment of the market, with weak growth momentum and subpar asset quality constituting core competitive weaknesses.

[JYX SWOT Assessment]

Based on a comprehensive analysis of the above eight capabilities, the following SWOT assessment is derived:

● Strengths: Capital structure exceeds industry benchmark by 24.36%, cash flow exceeds industry benchmark by 19.22%, debt repayment capacity exceeds industry benchmark by 13.31%. The company demonstrates outstanding financial health, providing effective support from the financial side.

● Weaknesses: Growth capacity is 67.17% below industry benchmark, profitability is 56.17% below industry benchmark, scale strength is 44.87% below industry benchmark, asset quality is 37.13% below industry benchmark, and operational efficiency is 30.66% below industry benchmark. Severely insufficient growth momentum, weak profitability, and relatively small business scale constitute core constraints on operations and development.

● Opportunities: Compared with industry leader Dongfang Electric and the industry benchmark, the company has substantial room for improvement across multiple capabilities. Specifically, profitability has 251.0% upside potential, growth capacity has 217.0% upside potential, scale strength has 168.0% upside potential, and asset quality has 109.0% upside potential. If the company continues to deepen its focus on high-growth segments such as industrial automation control and smart parking, expands its business scale, and optimizes cost management, it could further enhance its overall competitiveness.

● Threats: Key operating metrics have declined—growth capacity dropped by 45.49%, profitability by 36.23%, scale strength by 24.51%, with operational efficiency and cash flow also trending downward. Compounded by cyclical demand fluctuations in the automation equipment sector, intensifying market competition, and slower-than-expected downstream project implementation, failure to quickly restore profitability and growth momentum could undermine operational stability and long-term growth trajectory.

[Ji'an Pricing]

As of the close on July 17, 2026, Wuyang Automation Control’s share price stood at RMB 6.59 per share, compared to Jiaan’s fair value estimate of RMB 8.74 per share, implying a deviation of -24.60%. The current share price lies in an undervalued range. Given its standout performance in debt repayment capacity and capital structure, along with a financially healthy profile that offers competitive advantages, the company has valuation recovery potential if it can improve profitability, expand business scale, and restore growth momentum.

[Company Profile]

On July 15, 2026, Sungrow Power Supply hosted a site visit by 27 institutional investors, including Soochow Securities, Bosera Asset Management, GT Fund Management, China Construction Bank Asset Management, SW Securities Fund Management, and ICBC Credit Suisse Asset Management. Sungrow specializes in the R&D, manufacturing, sales, and service of new energy power supply equipment and energy storage systems. Its core product portfolio includes photovoltaic inverters, energy storage systems, wind power converters, hydrogen energy equipment, and integrated solutions for new energy power stations. These products are widely applied in utility-scale solar farms, commercial & industrial distributed energy storage, wind farms, hydrogen production/storage/transportation, and grid-side peak-shaving applications. As a global leader in photovoltaic inverters and energy storage systems, Sungrow has built core competitive advantages over years of深耕 in power electronics for renewable energy, particularly in power conversion technology, full-scenario energy storage system integration, and global market channels. These strengths align closely with global trends of accelerating renewable energy deployment, rapid growth in the energy storage market, and faster-than-expected commercialization of the hydrogen economy. The recent investor visit highlighted sustained market interest in Sungrow’s energy storage business growth and global expansion prospects.

[Ji'an Jinxin Listed Company Competitiveness Rating]

Compared against all 5,207 A-share listed companies nationwide, Sungrow Power Supply’s performance across eight capability dimensions is as follows:

Based on ratings and rankings, Sungrow Power Supply demonstrates exceptional strength in profitability (AA-rated, ranked 81st), scale strength (AAA-rated, ranked 120th), and asset quality (A-rated, ranked 225th), placing it firmly among the top tier across the entire market—with particularly significant advantages in earnings power, industrial scale, and asset quality. Its debt repayment capacity, cash flow generation, and operational efficiency also rank well above average, reflecting solid fundamentals. Growth capacity sits in the mid-range of the market, while capital structure (B-rated, ranked 3,278th) lags relatively behind, indicating that optimizing financial structure is a key direction for enhancing competitiveness.

[JYX SWOT Assessment]

Based on a comprehensive analysis of the above eight capabilities, the following SWOT assessment is derived:

● Strengths: Profitability exceeds industry benchmark by 50.28%, cash flow exceeds industry benchmark by 49.68%, asset quality exceeds industry benchmark by 45.13%, debt repayment capacity exceeds industry benchmark by 38.35%, and scale strength exceeds industry benchmark by 28.30%. The company outperforms the industry across multiple dimensions, with particularly pronounced advantages in profitability and cash flow, reinforcing its position as an industry leader.

● Weaknesses: Capital structure is 30.31% below industry benchmark, and growth capacity is 14.66% below industry benchmark; a relatively weak financial structure and untapped growth momentum are the main constraints on business development.

● Opportunities: Compared with industry leader CATL and the industry benchmark, the company has 75.0% room to expand its growth capacity and 43.0% room to improve its capital structure. Accelerating the scaling-up of high-growth businesses such as energy storage and hydrogen energy, along with continuous optimization of its debt structure, could further solidify its position as a global leader.

● Threats: Core operational metrics have declined to varying degrees—growth capacity dropped by 46.69%, operational efficiency fell by 28.97%, and asset quality and cash flow have simultaneously deteriorated. Coupled with cyclical volatility in the new energy sector, intensifying overseas trade barriers, and fierce price competition within the industry, failure to accelerate the scaling of energy storage businesses and optimize capital structure would undermine earnings resilience and growth trajectory.

[Ji'an Pricing]

As of the close on July 17, 2026, Sungrow Power’s share price stood at RMB 101.61 per share, while JYX’s fair value estimate was RMB 123.69 per share, implying a deviation of -17.85%. The current share price is below its fair valuation level. Given its structural advantages in profitability, cash flow, and scale, if the company can optimize its capital structure and unlock growth potential in energy storage and hydrogen businesses, there is strong potential for valuation recovery.

[Company Profile]

On July 14, 2026, Zijin Bank announced that it had hosted a research visit from 24 institutional investors, including Guolian Minsheng Securities, Shanghai Xuanding Asset Management, Shanxi Securities (Shanghai) Asset Management, China-Netherlands Life Insurance, Sunshine Insurance, and Zhejiang Yiheng Investment Management. Zijin Bank is a regional commercial bank serving Nanjing and surrounding areas, focusing on corporate banking, retail banking, micro and small enterprise (MSE) finance, and treasury operations. Its core products include corporate deposits and loans, personal savings and credit, inclusive MSE financial services, interbank funding, and fee-based services. It extensively serves regional real economy clients, MSEs, and local residents, establishing itself as a city commercial bank with deep regional roots in Jiangsu Province. With years of experience in local financial services, the bank has developed distinctive strengths in regional client resources, MSE financial services, and local channel deployment, closely aligning with trends of regional economic recovery, expansion of inclusive finance, and high-quality transformation of local banks. This round of investor visits reflects ongoing market interest in the bank’s MSE finance initiatives and its potential for asset quality improvement.

[Ji'an Jinxin Listed Company Competitiveness Rating]

Compared against the universe of 5,207 listed companies in **jin Bank’s performance across JYX’s eight capability ratings is as follows:

Based on ratings and rankings, Zijin Bank’s scale strength (Grade A, ranked 552nd) and profitability (Grade BB, ranked 1,380th) fall in the upper-middle market range, indicating a solid foundation in business scale and earnings. Growth capacity and cash flow are at median market levels. Asset quality and solvency rank in the lower-middle market segment. Operational efficiency (Grade C, ranked 4,842nd) and capital structure (Grade D, ranked 5,010th) are in the bottom tier of the market, with insufficient capital adequacy and low operational turnover efficiency representing core competitive weaknesses.

[JYX SWOT Assessment]

Based on a comprehensive analysis of the above eight capabilities, the following SWOT assessment is derived:

● Strengths: No advantages relative to the industry benchmark.

● Weaknesses: Scale strength is 84.85% below industry benchmark, profitability is 68.42% below, solvency is 68.15% below, cash flow is 58.38% below, growth capacity is 51.71% below, asset quality is 42.00% below, and capital structure is 44.98% below. Pressured capital adequacy, relatively weak asset quality, and insufficient business scale constitute the core constraints on business development.

● Opportunities: Compared with industry leader ICBC and sector benchmarks, the company has substantial room for improvement across multiple dimensions. Specifically, its scale strength has a 754.0% expansion potential, profitability has 260.0% upside, debt-servicing capacity offers 341.0% growth potential, and cash flow generation has 169.0% room for enhancement. Should the company deepen its presence in regional inclusive finance markets, optimize asset quality management, and expand its business scale and capital strength, its fundamentals hold significant recovery potential.

● Threats: Core operating metrics have declined sharply, with debt-servicing capacity down by 66.15%, cash flow down by 55.84%, profitability down by 45.45%, and scale strength down by 45.30%. Compounded by persistently narrowing bank interest rate spreads, intensifying regional peer competition, mounting pressure on SME asset quality, and constrained capital replenishment channels, the company’s operational stability and long-term growth capacity will remain under pressure unless it swiftly improves asset quality and capital structure.

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