SHE/002938 (SHE/002938)

Shenzhen Stock Exchange: SHE/002938 · CNY

CN¥68.0

+2.49 (+3.8%)· Recorded snapshot

Market cap	157B
Revenue (ttm)	40B
Net income (ttm)	3.8B
EPS (ttm)	CN¥1.63
Shares out	2.3B
P/E (trailing)	41.7x
P/E (forward)	24.3x
Dividend	CN¥1.00 (1.47%)
Volume	17,702,434
Beta	1.29

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 40B
Net income (ttm): 3.8B
EPS (ttm): CN¥1.63
P/E (trailing): 41.7x
P/E (forward): 24.3x
Market cap: 157B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E24.3

P25 n/aP50 n/aP75 n/a

Trailing P/E41.7

P25 n/aP50 n/aP75 n/a

ROE11.2

P25 n/aP50 n/aP75 n/a

ROIC11.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHE/002938 indicators

Market & fundamental data

Available fields

239

Groups with data

Currency

CNY

Showing 239 of 239 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	CNY
Country	China
Country code	CN
Earnings date	2026-10-30
Employees	47,573
Employees change	4,443
Employees growth	10.3%
Enterprise value	CNY 155.9B
Exchange	Shenzhen Stock Exchange
Financial currency	CNY
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	1999
Industry	Electronic Components
Is primary listing	Yes
ISIN number	CNE100003GF5
Last earnings date	2026-08-12
Last refreshed	2026-10-28
Market cap	CNY 157B
Next earnings date	2026-10-30
Price	CNY 68.01
Price currency	CNY
Sector	Technology
SIC code	3672
Stock price date	2026-10-28
Symbol	she/002938
Website	https://www.avaryholding.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	25.65x
Average P/E ratio (3Y)	26.8x
Average P/E ratio (5Y)	23.2x
Earnings yield	2.4%
EV/Earnings	41.15x
EV/EBIT	39.12x
EV/EBITDA	21.29x
EV/Sales	3.9x
FCF / EV yield	-2.45%
FCF yield	-2.44%
Forward P/E	24.28x
Graham number	23.55868
Graham upside	-65.36%
Industry forward P/E	23.02x
Industry P/E	50.81x
Lynch fair value	CNY 11.64
Lynch upside	-82.89%
P/B ratio	4.45x
P/E ratio	41.74x
P/OCF ratio	25.35x
P/S ratio	3.93x
Price / tangible book value	4.79x
Price/EBITDA ratio	21.48x
Sector forward P/E	20.43x
Sector P/E	59.47x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	9.97%
EBITDA margin	18.27%
Effective tax rate	12.01%
Gross margin	22.95%
Operating margin	9.97%
Pretax margin	10.65%
Profit margin	9.47%
Profit per employee	CNY 79,636
Profitable quarters	38
Profitable years	12
Revenue per employee	CNY 840,580
ROA	5.03%
ROA (5Y)	6.14%
ROCE	10.39%
ROE	11.24%
ROE (5Y)	13.63%
ROIC	11.46%
ROIC (5Y)	14.97%
Tax / revenue	1.28%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-6.69%
EPS growth (Q)	9%
EPS growth (QoQ)	74.35%
EPS growth 3Y	-5.04%
EPS growth 5Y	7.08%
EPS growth quarters	1
EPS growth years	2
Gross profit growth	16.11%
Gross profit growth (Q)	33.41%
Gross profit growth 3Y	5.25%
Gross profit growth 5Y	8.96%
Net income growth	-6.9%
Net income growth (Q)	10.22%
Net income growth (QoQ)	77.41%
Net income growth 3Y	-4.84%
Net income growth 5Y	7.14%
Net income growth quarters	1
Net income growth years	2
OCF growth	-27.74%
OCF growth (Q)	-95.1%
OCF growth (QoQ)	-97.2%
OCF growth 3Y	-15.1%
OCF growth 5Y	6.7%
Operating income growth	-2.94%
Operating income growth (Q)	-1.15%
Operating income growth 3Y	-3.78%
Operating income growth 5Y	4.36%
Revenue growth	4.17%
Revenue growth (Q)	11.38%
Revenue growth (QoQ)	15.6%
Revenue growth 3Y	6.02%
Revenue growth 5Y	4.75%
Revenue growth quarters	1
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	CNY -10B
Depreciation and amortization	CNY 3.3B
EBIT	CNY 4B
EBITDA	CNY 7.3B
EPS	CNY 1.63
FCF per share	CNY -1.66
Financing cash flow	CNY 2.1B
Free cash flow	CNY -3.8B
Gross profit	CNY 9.2B
Income taxes	CNY 511.6M
Investing cash flow	CNY -10.2B
Net borrowing	CNY 4.3B
Net cash flow	CNY -2.4B
Net income	CNY 3.8B
Operating income	CNY 4B
Revenue	CNY 40B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	5.91
Book value per share	CNY 15.14
Debt / EBITDA	1.19
Debt / equity	0.25
Goodwill	CNY 78.6M
Interest coverage	26.82
Long-term assets	CNY 32.1B
Long-term liabilities	CNY 3.1B
Net cash (debt)	CNY 2B
Net cash / market cap	1.26%
Net cash growth	-77.31%
Net debt / EBITDA	-0.27
Net debt / equity	-0.06
Piotroski F-Score	5
Property, plant and equipment	CNY 24.7B
Shareholders' equity	CNY 35.3B
Tangible book value	CNY 32.8B
Tangible book value per share	CNY 14.43
Total assets	CNY 54.6B
Total cash	CNY 10.7B
Total debt	CNY 8.7B
Total liabilities	CNY 19.3B
WACC	10.83%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.81
Current assets	CNY 22.5B
Current liabilities	CNY 16.2B
Current ratio	1.39
Inventory turnover	7.1
Net working capital	CNY 2.6B
Quick ratio	1.01
Working capital	CNY 6.3B
Working capital turnover	5.2

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.23%
Dividend growth	0%
Dividend growth (3Y)	12.62%
Dividend growth (5Y)	14.87%
Dividend growth years	1
Dividend payment date	2026-06-12
Dividend payment years	8
Dividend payout frequency	Annual
Dividend per share	CNY 1.00
Dividend yield	1.47%
Ex-dividend date	2026-06-12
Last dividend	CNY 1.00
Payout ratio	65.01%
Shareholder yield	1.7%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	CNY 85.42
1D price change	3.8%
1M price change	-18%
1M total return	-18%
1W price change	-8.51%
1W total return	-8.51%
1Y price change	20.44%
1Y return CAGR	21.59%
1Y total return	21.58%
20-day SMA	CNY 75.51
200-day SMA	CNY 77.91
3M price change	-27.1%
3M total return	-27.1%
3Y price change	237.85%
3Y return CAGR	52.95%
3Y total return	257.93%
50-day SMA	CNY 84.39
50-day SMA vs 200-day SMA	50over200
52-week high	CNY 123.10
52-week high date	2026-06-18
52-week low	CNY 42.21
52-week low date	2025-11-24
5Y price change	100.21%
5Y return CAGR	17.27%
5Y total return	121.77%
6M price change	-11.88%
6M total return	-11.05%
All-time high	CNY 123.10
All-time high date	2026-06-18
All-time low	CNY 15.92
All-time low date	2024-02-05
Average true range (ATR)	CNY 4.65
Average volume	23M
Beta (1Y)	0.97
Beta (2Y)	0.9
Beta (5Y)	1.29
Change from 52-week high	-44.75%
Change from 52-week low	61.12%
Change from all-time high	-44.75%
Change from all-time low	327.2%
Change from open	-0.76%
Day's gap	4.59%
Dollar volume	CNY 1.2B
High price	CNY 68.88
Low price	CNY 66.50
Monthly RSI	53.41
Open price	CNY 68.53
Position in 52-week range	63.45%
Previous close	CNY 65.52
Price vs 150-day SMA	-20.38%
Price vs 20-day SMA	-9.93%
Price vs 200-day SMA	-12.7%
Price vs 50-day SMA	-19.41%
Relative volume	0.77
RSI	33.1
Sharpe ratio	0.83
Sharpe ratio (3Y)	0.94
Sharpe ratio (5Y)	0.46
Sortino ratio	1.39
Sortino ratio (3Y)	1.61
Sortino ratio (5Y)	0.85
Volume	17.7M
Weekly RSI	41.65
YTD price change	34.46%
YTD total return	35.74%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	646.8M
Shares change (QoQ)	1.75%
Shares change (YoY)	-0.23%
Shares held by insiders	0.01%
Shares held by institutions	12.48%
Shares outstanding	2.3B

Deeper analysis on SHE/002938

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this SHE/002938 report

Is a complete SHE/002938 research report available?

No complete published report is available for she/002938 (SHE/002938) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHE/002938 (SHE/002938)

Price

Financial snapshot

Fair-value bridge

Latest news · SHE/002938

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHE/002938 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/002938

Frequently asked questions