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SHE/000657 (SHE/000657)

Shenzhen Stock Exchange: SHE/000657 · CNY

CN¥39.7

+0.80 (+2.1%)· Recorded snapshot

Market cap	90.4B
Revenue (ttm)	28.6B
Net income (ttm)	3.4B
EPS (ttm)	CN¥1.48
Shares out	2.3B
P/E (trailing)	26.7x
P/E (forward)	22.0x
Dividend	CN¥0.23 (0.58%)
Volume	34,938,379
Beta	1.43

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	CNY
Country	China
Country code	CN
Earnings date	2026-10-23
Employees	9,155
Employees change	1,815
Employees growth	24.73%
Enterprise value	CNY 95.8B
Exchange	Shenzhen Stock Exchange
Financial currency	CNY
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	1993
Industry	Other Industrial Metals & Mining
Is primary listing	Yes
ISIN number	CNE0000006M4
Last earnings date	2026-10-23
Last refreshed	2026-10-28
Last stock split date	2023-06-09
Last stock split type	Forward
Market cap	CNY 90.4B
Next earnings date	2026-11-02
Price	CNY 39.69
Price currency	CNY
Sector	Materials
SIC code	3310
Stock price date	2026-10-28
Symbol	she/000657
Website	https://www.minmetalstungsten.com

Metric

Value

Amount currency

CNY

Country

China

Country code

Earnings date

2026-10-23

Employees

9,155

Employees change

1,815

Employees growth

24.73%

Enterprise value

CNY 95.8B

Exchange

Shenzhen Stock Exchange

Financial currency

CNY

Financial report date

2026-09-30

First seen

2026-05-10

Fiscal year end

December

Founded

1993

Industry

Other Industrial Metals & Mining

Is primary listing

Yes

ISIN number

CNE0000006M4

Last earnings date

2026-10-23

Last refreshed

2026-10-28

Last stock split date

2023-06-09

Last stock split type

Forward

Market cap

CNY 90.4B

Next earnings date

2026-11-02

Price

CNY 39.69

Price currency

CNY

Sector

Materials

SIC code

3310

Stock price date

2026-10-28

Symbol

she/000657

Website

https://www.minmetalstungsten.com

Metric	Value
Average P/E ratio (10Y)	56.4x
Average P/E ratio (3Y)	30.6x
Average P/E ratio (5Y)	29.41x
Earnings yield	3.74%
EV/Earnings	28.59x
EV/EBIT	17.89x
EV/EBITDA	15.56x
EV/Sales	3.35x
FCF / EV yield	-1.44%
FCF yield	-1.53%
Forward P/E	21.96x
Graham number	13.40884
Graham upside	-66.22%
Industry forward P/E	10.77x
Industry P/E	15.79x
Lynch fair value	CNY 37.12
Lynch upside	-6.48%
P/B ratio	6.8x
P/E ratio	26.73x
P/S ratio	3.17x
Price / tangible book value	8.32x
Price/EBITDA ratio	14.73x
Sector forward P/E	10.97x
Sector P/E	21.34x

Metric

Value

Average P/E ratio (10Y)

56.4x

Average P/E ratio (3Y)

30.6x

Average P/E ratio (5Y)

29.41x

Earnings yield

3.74%

EV/Earnings

28.59x

EV/EBIT

17.89x

EV/EBITDA

15.56x

EV/Sales

3.35x

FCF / EV yield

-1.44%

FCF yield

-1.53%

Forward P/E

21.96x

Graham number

13.40884

Graham upside

-66.22%

Industry forward P/E

10.77x

Industry P/E

15.79x

Lynch fair value

CNY 37.12

Lynch upside

-6.48%

P/B ratio

6.8x

P/E ratio

26.73x

P/S ratio

3.17x

Price / tangible book value

8.32x

Price/EBITDA ratio

14.73x

Sector forward P/E

10.97x

Sector P/E

21.34x

Metric	Value
EBIT margin	18.75%
EBITDA margin	21.49%
Effective tax rate	17.28%
Gross margin	29.41%
Operating margin	18.75%
Pretax margin	15.13%
Profit margin	11.73%
Profit per employee	CNY 366,043
Profitable quarters	39
Profitable years	10
Revenue per employee	CNY 3.1M
ROA	13.21%
ROA (5Y)	4.86%
ROCE	32.9%
ROE	29.82%
ROE (5Y)	12.81%
ROIC	25.97%
ROIC (5Y)	10.39%
Tax / revenue	2.62%

Metric

Value

EBIT margin

18.75%

EBITDA margin

21.49%

Effective tax rate

17.28%

Gross margin

29.41%

Operating margin

18.75%

Pretax margin

15.13%

Profit margin

11.73%

Profit per employee

CNY 366,043

Profitable quarters

Profitable years

Revenue per employee

CNY 3.1M

ROA

13.21%

ROA (5Y)

4.86%

ROCE

32.9%

ROE

29.82%

ROE (5Y)

12.81%

ROIC

25.97%

ROIC (5Y)

10.39%

Tax / revenue

2.62%

Metric	Value
EPS growth	172.3%
EPS growth (Q)	148.82%
EPS growth (QoQ)	-22.7%
EPS growth 3Y	66.68%
EPS growth 5Y	34.42%
EPS growth quarters	3
EPS growth years	1
FCF growth (Q)	52.38%
FCF growth (QoQ)	5.15%
Gross profit growth	114.51%
Gross profit growth (Q)	150.03%
Gross profit growth 3Y	59.42%
Gross profit growth 5Y	32.39%
Net income growth	182.94%
Net income growth (Q)	148.82%
Net income growth (QoQ)	-21.86%
Net income growth 3Y	95.07%
Net income growth 5Y	48.54%
Net income growth quarters	3
Net income growth years	6
OCF growth (Q)	62.11%
OCF growth (QoQ)	-21.27%
Operating income growth	242.3%
Operating income growth (Q)	307.2%
Operating income growth 3Y	115.47%
Operating income growth 5Y	51.28%
Revenue growth	75.24%
Revenue growth (Q)	48.88%
Revenue growth (QoQ)	-22.01%
Revenue growth 10Y	17.25%
Revenue growth 3Y	31.17%
Revenue growth 5Y	17.87%
Revenue growth quarters	12
Revenue growth years	9

Metric

Value

EPS growth

172.3%

EPS growth (Q)

148.82%

EPS growth (QoQ)

-22.7%

EPS growth 3Y

66.68%

EPS growth 5Y

34.42%

EPS growth quarters

EPS growth years

FCF growth (Q)

52.38%

FCF growth (QoQ)

5.15%

Gross profit growth

114.51%

Gross profit growth (Q)

150.03%

Gross profit growth 3Y

59.42%

Gross profit growth 5Y

32.39%

Net income growth

182.94%

Net income growth (Q)

148.82%

Net income growth (QoQ)

-21.86%

Net income growth 3Y

95.07%

Net income growth 5Y

48.54%

Net income growth quarters

Net income growth years

OCF growth (Q)

62.11%

OCF growth (QoQ)

-21.27%

Operating income growth

242.3%

Operating income growth (Q)

307.2%

Operating income growth 3Y

115.47%

Operating income growth 5Y

51.28%

Revenue growth

75.24%

Revenue growth (Q)

48.88%

Revenue growth (QoQ)

-22.01%

Revenue growth 10Y

17.25%

Revenue growth 3Y

31.17%

Revenue growth 5Y

17.87%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	CNY -1.1B
Depreciation and amortization	CNY 780.8M
EBIT	CNY 5.4B
EBITDA	CNY 6.1B
EPS	CNY 1.48
FCF per share	CNY -0.61
Financing cash flow	CNY 1.4B
Free cash flow	CNY -1.4B
Gross profit	CNY 8.4B
Income taxes	CNY 747.1M
Investing cash flow	CNY -1.1B
Net borrowing	CNY 2.8B
Net cash flow	CNY -6.8M
Net income	CNY 3.4B
Operating income	CNY 5.4B
Revenue	CNY 28.6B

Metric

Value

Capital expenditures

CNY -1.1B

Depreciation and amortization

CNY 780.8M

EBIT

CNY 5.4B

EBITDA

CNY 6.1B

EPS

CNY 1.48

FCF per share

CNY -0.61

Financing cash flow

CNY 1.4B

Free cash flow

CNY -1.4B

Gross profit

CNY 8.4B

Income taxes

CNY 747.1M

Investing cash flow

CNY -1.1B

Net borrowing

CNY 2.8B

Net cash flow

CNY -6.8M

Net income

CNY 3.4B

Operating income

CNY 5.4B

Revenue

CNY 28.6B

Metric	Value
Altman Z-Score	6.32
Book value per share	CNY 5.38
Debt / EBITDA	1.1
Debt / equity	0.51
Interest coverage	43.3
Long-term assets	CNY 8.8B
Long-term liabilities	CNY 3B
Net cash (debt)	CNY -4.3B
Net cash / market cap	-4.8%
Net debt / EBITDA	0.71
Net debt / equity	0.33
Piotroski F-Score	4
Property, plant and equipment	CNY 6.5B
Shareholders' equity	CNY 13.3B
Tangible book value	CNY 10.9B
Tangible book value per share	CNY 4.77
Total assets	CNY 29.9B
Total cash	CNY 2.4B
Total debt	CNY 6.8B
Total liabilities	CNY 16.6B
WACC	11.39%

Metric

Value

Altman Z-Score

6.32

Book value per share

CNY 5.38

Debt / EBITDA

1.1

Debt / equity

0.51

Interest coverage

43.3

Long-term assets

CNY 8.8B

Long-term liabilities

CNY 3B

Net cash (debt)

CNY -4.3B

Net cash / market cap

-4.8%

Net debt / EBITDA

0.71

Net debt / equity

0.33

Piotroski F-Score

Property, plant and equipment

CNY 6.5B

Shareholders' equity

CNY 13.3B

Tangible book value

CNY 10.9B

Tangible book value per share

CNY 4.77

Total assets

CNY 29.9B

Total cash

CNY 2.4B

Total debt

CNY 6.8B

Total liabilities

CNY 16.6B

WACC

11.39%

Metric	Value
Asset turnover	1.13
Current assets	CNY 21.1B
Current liabilities	CNY 13.6B
Current ratio	1.55
Inventory turnover	3.36
Net working capital	CNY 10.1B
Quick ratio	0.88
Working capital	CNY 7.5B
Working capital turnover	4.45

Metric

Value

Asset turnover

1.13

Current assets

CNY 21.1B

Current liabilities

CNY 13.6B

Current ratio

1.55

Inventory turnover

3.36

Net working capital

CNY 10.1B

Quick ratio

0.88

Working capital

CNY 7.5B

Working capital turnover

4.45

Metric	Value
Buyback yield / dilution	-3.91%
Dividend growth	43.75%
Dividend growth (10Y)	8.69%
Dividend growth (3Y)	24.22%
Dividend growth (5Y)	18.13%
Dividend growth years	4
Dividend payment date	2026-07-06
Dividend payment years	5
Dividend payout frequency	Annual
Dividend per share	CNY 0.23
Dividend yield	0.58%
Ex-dividend date	2026-07-06
Last dividend	CNY 0.23
Payout ratio	17.86%
Shareholder yield	-3.33%

Metric

Value

Buyback yield / dilution

-3.91%

Dividend growth

43.75%

Dividend growth (10Y)

8.69%

Dividend growth (3Y)

24.22%

Dividend growth (5Y)

18.13%

Dividend growth years

Dividend payment date

2026-07-06

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

CNY 0.23

Dividend yield

0.58%

Ex-dividend date

2026-07-06

Last dividend

CNY 0.23

Payout ratio

17.86%

Shareholder yield

-3.33%

Metric	Value
10Y price change	339.68%
10Y return CAGR	16.54%
10Y total return	362.12%
150-day SMA	CNY 62.14
1D price change	2.06%
1M price change	-30.59%
1M total return	-30.59%
1W price change	-9.8%
1W total return	-9.8%
1Y price change	93.99%
1Y return CAGR	94.58%
1Y total return	94.49%
20-day SMA	CNY 47.16
200-day SMA	CNY 58.50
3M price change	-32.72%
3M total return	-32.72%
3Y price change	347.46%
3Y return CAGR	66.28%
3Y total return	359.93%
50-day SMA	CNY 56.99
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 113.99
52-week high date	2026-06-23
52-week low	CNY 20.94
52-week low date	2025-11-21
5Y price change	268.28%
5Y return CAGR	31.09%
5Y total return	287.11%
6M price change	-26.27%
6M total return	-26.08%
All-time high	CNY 113.99
All-time high date	2026-06-23
All-time low	CNY 3.75
All-time low date	2018-10-19
Average true range (ATR)	CNY 2.67
Average volume	39.3M
Beta (1Y)	1.79
Beta (2Y)	1.5
Beta (5Y)	1.43
Change from 52-week high	-65.18%
Change from 52-week low	102.5%
Change from all-time high	-65.18%
Change from all-time low	957.27%
Change from open	-1.22%
Day's gap	3.32%
Dollar volume	CNY 1.4B
High price	CNY 40.20
Low price	CNY 38.75
Monthly RSI	50.77
Open price	CNY 40.18
Position in 52-week range	64.83%
Previous close	CNY 38.89
Price vs 150-day SMA	-36.12%
Price vs 20-day SMA	-15.84%
Price vs 200-day SMA	-32.15%
Price vs 50-day SMA	-30.35%
Relative volume	0.85
RSI	24.55
Sharpe ratio	1.3
Sharpe ratio (3Y)	1.1
Sharpe ratio (5Y)	0.69
Sortino ratio	2.14
Sortino ratio (3Y)	1.86
Sortino ratio (5Y)	1.2
Volume	34.9M
Weekly RSI	39.09
YTD price change	43.23%
YTD total return	43.6%

Metric

Value

10Y price change

339.68%

10Y return CAGR

16.54%

10Y total return

362.12%

150-day SMA

CNY 62.14

1D price change

2.06%

1M price change

-30.59%

1M total return

-30.59%

1W price change

-9.8%

1W total return

-9.8%

1Y price change

93.99%

1Y return CAGR

94.58%

1Y total return

94.49%

20-day SMA

CNY 47.16

200-day SMA

CNY 58.50

3M price change

-32.72%

3M total return

-32.72%

3Y price change

347.46%

3Y return CAGR

66.28%

3Y total return

359.93%

50-day SMA

CNY 56.99

50-day SMA vs 200-day SMA

50under200

52-week high

CNY 113.99

52-week high date

2026-06-23

52-week low

CNY 20.94

52-week low date

2025-11-21

5Y price change

268.28%

5Y return CAGR

31.09%

5Y total return

287.11%

6M price change

-26.27%

6M total return

-26.08%

All-time high

CNY 113.99

All-time high date

2026-06-23

All-time low

CNY 3.75

All-time low date

2018-10-19

Average true range (ATR)

CNY 2.67

Average volume

39.3M

Beta (1Y)

1.79

Beta (2Y)

1.5

Beta (5Y)

1.43

Change from 52-week high

-65.18%

Change from 52-week low

102.5%

Change from all-time high

-65.18%

Change from all-time low

957.27%

Change from open

-1.22%

Day's gap

3.32%

Dollar volume

CNY 1.4B

High price

CNY 40.20

Low price

CNY 38.75

Monthly RSI

50.77

Open price

CNY 40.18

Position in 52-week range

64.83%

Previous close

CNY 38.89

Price vs 150-day SMA

-36.12%

Price vs 20-day SMA

-15.84%

Price vs 200-day SMA

-32.15%

Price vs 50-day SMA

-30.35%

Relative volume

0.85

RSI

24.55

Sharpe ratio

1.3

Sharpe ratio (3Y)

1.1

Sharpe ratio (5Y)

0.69

Sortino ratio

2.14

Sortino ratio (3Y)

1.86

Sortino ratio (5Y)

1.2

Volume

34.9M

Weekly RSI

39.09

YTD price change

43.23%

YTD total return

43.6%

Metric	Value
Float	798.7M
Shares change (QoQ)	1.08%
Shares change (YoY)	3.91%
Shares held by insiders	0.11%
Shares held by institutions	11.02%
Shares outstanding	2.3B

Metric

Value

Float

798.7M

Shares change (QoQ)

1.08%

Shares change (YoY)

3.91%

Shares held by insiders

0.11%

Shares held by institutions

11.02%

Shares outstanding

2.3B

SHE/000657 (SHE/000657)

Price

Financial snapshot

Fair-value bridge

Latest news · SHE/000657

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHE/000657 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on SHE/000657

Frequently asked questions