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SHA/600398 (SHA/600398)

Shanghai Stock Exchange: SHA/600398 · CNY

CN¥5.72

-0.10 (-1.7%)· Recorded snapshot

Market cap	27.5B
Revenue (ttm)	22.5B
Net income (ttm)	2.1B
EPS (ttm)	CN¥0.43
Shares out	4.8B
P/E (trailing)	13.3x
P/E (forward)	12.7x
Dividend	CN¥0.54 (9.44%)
Volume	28,248,500
Beta	0.18

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	CNY
Country	China
Country code	CN
Earnings date	2026-10-31
Employees	29,375
Employees change	3,301
Employees growth	12.66%
Enterprise value	CNY 20.8B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1997
Industry	Apparel Manufacturing
Is primary listing	Yes
ISIN number	CNE0000016H3
Last earnings date	2026-08-29
Last refreshed	2026-10-28
Market cap	CNY 27.5B
Next earnings date	2026-10-31
Price	CNY 5.72
Price currency	CNY
Sector	Consumer Discretionary
SIC code	5600
Stock price date	2026-10-28
Symbol	sha/600398
Website	https://www.hla.com.cn

Metric

Value

Amount currency

CNY

Country

China

Country code

Earnings date

2026-10-31

Employees

29,375

Employees change

3,301

Employees growth

12.66%

Enterprise value

CNY 20.8B

Exchange

Shanghai Stock Exchange

Financial currency

CNY

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1997

Industry

Apparel Manufacturing

Is primary listing

Yes

ISIN number

CNE0000016H3

Last earnings date

2026-08-29

Last refreshed

2026-10-28

Market cap

CNY 27.5B

Next earnings date

2026-10-31

Price

CNY 5.72

Price currency

CNY

Sector

Consumer Discretionary

SIC code

5600

Stock price date

2026-10-28

Symbol

sha/600398

Website

https://www.hla.com.cn

Metric	Value
Average P/E ratio (10Y)	13.1x
Average P/E ratio (3Y)	14.29x
Average P/E ratio (5Y)	12.84x
Earnings yield	7.52%
EV/Earnings	10.01x
EV/EBIT	8.49x
EV/EBITDA	5.37x
EV/FCF	5.23x
EV/Sales	0.92x
FCF / EV yield	19.1%
FCF yield	14.44%
Forward P/E	12.73x
Graham number	5.99412
Graham upside	4.79%
Industry forward P/E	14.75x
Industry P/E	27.48x
Lynch fair value	CNY 2.15
Lynch upside	-62.39%
P/B ratio	1.52x
P/E ratio	13.29x
P/FCF ratio	6.93x
P/OCF ratio	6.21x
P/S ratio	1.22x
Price / tangible book value	1.67x
Price/EBITDA ratio	9.83x
Sector forward P/E	15.98x
Sector P/E	29.75x

Metric

Value

Average P/E ratio (10Y)

13.1x

Average P/E ratio (3Y)

14.29x

Average P/E ratio (5Y)

12.84x

Earnings yield

7.52%

EV/Earnings

10.01x

EV/EBIT

8.49x

EV/EBITDA

5.37x

EV/FCF

5.23x

EV/Sales

0.92x

FCF / EV yield

19.1%

FCF yield

14.44%

Forward P/E

12.73x

Graham number

5.99412

Graham upside

4.79%

Industry forward P/E

14.75x

Industry P/E

27.48x

Lynch fair value

CNY 2.15

Lynch upside

-62.39%

P/B ratio

1.52x

P/E ratio

13.29x

P/FCF ratio

6.93x

P/OCF ratio

6.21x

P/S ratio

1.22x

Price / tangible book value

1.67x

Price/EBITDA ratio

9.83x

Sector forward P/E

15.98x

Sector P/E

29.75x

Metric	Value
EBIT margin	10.88%
EBITDA margin	12.44%
Effective tax rate	23.8%
FCF margin	17.64%
Gross margin	42.67%
Operating margin	10.88%
Pretax margin	11.79%
Profit margin	9.22%
Profit per employee	CNY 70,585
Profitable quarters	54
Profitable years	29
Revenue per employee	CNY 765,255
ROA	4.7%
ROA (5Y)	5.78%
ROCE	12.95%
ROE	11.2%
ROE (5Y)	14.93%
ROIC	15.55%
ROIC (5Y)	30.99%
Tax / revenue	2.81%

Metric

Value

EBIT margin

10.88%

EBITDA margin

12.44%

Effective tax rate

23.8%

FCF margin

17.64%

Gross margin

42.67%

Operating margin

10.88%

Pretax margin

11.79%

Profit margin

9.22%

Profit per employee

CNY 70,585

Profitable quarters

Profitable years

Revenue per employee

CNY 765,255

ROA

4.7%

ROA (5Y)

5.78%

ROCE

12.95%

ROE

11.2%

ROE (5Y)

14.93%

ROIC

15.55%

ROIC (5Y)

30.99%

Tax / revenue

2.81%

Metric	Value
EPS growth	-2.8%
EPS growth (Q)	-19.91%
EPS growth (QoQ)	-44.51%
EPS growth 10Y	-4.44%
EPS growth 3Y	-8.57%
EPS growth 5Y	-5.44%
EPS growth years	0
FCF growth	50.55%
FCF growth (Q)	-5.37%
FCF growth (QoQ)	-35.5%
FCF growth 3Y	-1.85%
FCF growth 5Y	-1.23%
Gross profit growth	5.62%
Gross profit growth (Q)	11.2%
Gross profit growth 3Y	4.57%
Gross profit growth 5Y	5.22%
Net income growth	-1.39%
Net income growth (Q)	-16.53%
Net income growth (QoQ)	-43.27%
Net income growth 3Y	-6.77%
Net income growth 5Y	-3.58%
Net income growth years	1
OCF growth	45.55%
OCF growth (Q)	-4.81%
OCF growth (QoQ)	-31.94%
OCF growth 10Y	7.4%
OCF growth 3Y	-1.18%
OCF growth 5Y	-0.27%
Operating income growth	-8.96%
Operating income growth (Q)	-32.82%
Operating income growth 3Y	-9.87%
Operating income growth 5Y	-4.57%
Revenue growth	6.27%
Revenue growth (Q)	7.06%
Revenue growth (QoQ)	-13.55%
Revenue growth 10Y	3.04%
Revenue growth 3Y	3.55%
Revenue growth 5Y	2.37%
Revenue growth quarters	6
Revenue growth years	1

Metric

Value

EPS growth

-2.8%

EPS growth (Q)

-19.91%

EPS growth (QoQ)

-44.51%

EPS growth 10Y

-4.44%

EPS growth 3Y

-8.57%

EPS growth 5Y

-5.44%

EPS growth years

FCF growth

50.55%

FCF growth (Q)

-5.37%

FCF growth (QoQ)

-35.5%

FCF growth 3Y

-1.85%

FCF growth 5Y

-1.23%

Gross profit growth

5.62%

Gross profit growth (Q)

11.2%

Gross profit growth 3Y

4.57%

Gross profit growth 5Y

5.22%

Net income growth

-1.39%

Net income growth (Q)

-16.53%

Net income growth (QoQ)

-43.27%

Net income growth 3Y

-6.77%

Net income growth 5Y

-3.58%

Net income growth years

OCF growth

45.55%

OCF growth (Q)

-4.81%

OCF growth (QoQ)

-31.94%

OCF growth 10Y

7.4%

OCF growth 3Y

-1.18%

OCF growth 5Y

-0.27%

Operating income growth

-8.96%

Operating income growth (Q)

-32.82%

Operating income growth 3Y

-9.87%

Operating income growth 5Y

-4.57%

Revenue growth

6.27%

Revenue growth (Q)

7.06%

Revenue growth (QoQ)

-13.55%

Revenue growth 10Y

3.04%

Revenue growth 3Y

3.55%

Revenue growth 5Y

2.37%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	CNY -455.6M
Depreciation and amortization	CNY 349.3M
EBIT	CNY 2.4B
EBITDA	CNY 2.8B
EPS	CNY 0.43
FCF per share	CNY 0.83
Financing cash flow	CNY -3.9B
Free cash flow	CNY 4B
Gross profit	CNY 9.6B
Income taxes	CNY 630.7M
Investing cash flow	CNY -1.8B
Net borrowing	CNY -1.2B
Net cash flow	CNY -1.3B
Net income	CNY 2.1B
Operating income	CNY 2.4B
Revenue	CNY 22.5B

Metric

Value

Capital expenditures

CNY -455.6M

Depreciation and amortization

CNY 349.3M

EBIT

CNY 2.4B

EBITDA

CNY 2.8B

EPS

CNY 0.43

FCF per share

CNY 0.83

Financing cash flow

CNY -3.9B

Free cash flow

CNY 4B

Gross profit

CNY 9.6B

Income taxes

CNY 630.7M

Investing cash flow

CNY -1.8B

Net borrowing

CNY -1.2B

Net cash flow

CNY -1.3B

Net income

CNY 2.1B

Operating income

CNY 2.4B

Revenue

CNY 22.5B

Metric	Value
Altman Z-Score	3.15
Book value per share	CNY 3.71
Debt / EBITDA	0.41
Debt / equity	0.09
Debt / FCF	0.4
Goodwill	CNY 731.1M
Interest coverage	40.4
Long-term assets	CNY 12B
Long-term liabilities	CNY 828.7M
Net cash (debt)	CNY 6.9B
Net cash / market cap	25.28%
Net cash growth	8.06%
Net debt / EBITDA	-2.48
Net debt / equity	-0.38
Net debt / FCF	-1.75
Piotroski F-Score	6
Property, plant and equipment	CNY 4.3B
Shareholders' equity	CNY 18.1B
Tangible book value	CNY 16.5B
Tangible book value per share	CNY 3.43
Total assets	CNY 31.7B
Total cash	CNY 8.5B
Total debt	CNY 1.6B
Total liabilities	CNY 13.6B
WACC	5.11%

Metric

Value

Altman Z-Score

3.15

Book value per share

CNY 3.71

Debt / EBITDA

0.41

Debt / equity

0.09

Debt / FCF

0.4

Goodwill

CNY 731.1M

Interest coverage

40.4

Long-term assets

CNY 12B

Long-term liabilities

CNY 828.7M

Net cash (debt)

CNY 6.9B

Net cash / market cap

25.28%

Net cash growth

8.06%

Net debt / EBITDA

-2.48

Net debt / equity

-0.38

Net debt / FCF

-1.75

Piotroski F-Score

Property, plant and equipment

CNY 4.3B

Shareholders' equity

CNY 18.1B

Tangible book value

CNY 16.5B

Tangible book value per share

CNY 3.43

Total assets

CNY 31.7B

Total cash

CNY 8.5B

Total debt

CNY 1.6B

Total liabilities

CNY 13.6B

WACC

5.11%

Metric	Value
Asset turnover	0.69
Current assets	CNY 19.7B
Current liabilities	CNY 12.8B
Current ratio	1.54
Inventory turnover	1.35
Net working capital	CNY -670.6M
Quick ratio	0.81
Working capital	CNY 6.9B
Working capital turnover	3.34

Metric

Value

Asset turnover

0.69

Current assets

CNY 19.7B

Current liabilities

CNY 12.8B

Current ratio

1.54

Inventory turnover

1.35

Net working capital

CNY -670.6M

Quick ratio

0.81

Working capital

CNY 6.9B

Working capital turnover

3.34

Metric	Value
Buyback yield / dilution	-1.45%
Dividend growth	0%
Dividend growth (10Y)	7.5%
Dividend growth (3Y)	16.51%
Dividend growth (5Y)	21.58%
Dividend growth years	0
Dividend payment date	2026-10-14
Dividend payment years	18
Dividend payout frequency	Annual
Dividend per share	CNY 0.54
Dividend yield	9.44%
Ex-dividend date	2026-10-14
FCF payout ratio	82.35%
Last dividend	CNY 0.27
Payout ratio	136.66%
Shareholder yield	7.99%

Metric

Value

Buyback yield / dilution

-1.45%

Dividend growth

Dividend growth (10Y)

7.5%

Dividend growth (3Y)

16.51%

Dividend growth (5Y)

21.58%

Dividend growth years

Dividend payment date

2026-10-14

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

CNY 0.54

Dividend yield

9.44%

Ex-dividend date

2026-10-14

FCF payout ratio

82.35%

Last dividend

CNY 0.27

Payout ratio

136.66%

Shareholder yield

7.99%

Metric	Value
10Y price change	-48.38%
10Y return CAGR	-0.6%
10Y total return	-5.8%
150-day SMA	CNY 5.99
15Y price change	20.17%
15Y return CAGR	6.1%
15Y total return	143.15%
1D price change	-1.72%
1M price change	1.06%
1M total return	5.65%
1W price change	-1.04%
1W total return	-1.04%
1Y price change	-9.06%
1Y return CAGR	1.36%
1Y total return	1.36%
20-day SMA	CNY 5.85
200-day SMA	CNY 6.04
3M price change	-4.51%
3M total return	-0.17%
3Y price change	-26.1%
3Y return CAGR	-2.32%
3Y total return	-6.8%
50-day SMA	CNY 5.89
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 6.83
52-week high date	2026-04-15
52-week low	CNY 5.09
52-week low date	2026-06-30
5Y price change	-12.8%
5Y return CAGR	5.36%
5Y total return	29.8%
6M price change	-10.76%
6M total return	-0.54%
All-time high	CNY 21.06
All-time high date	2015-06-18
All-time low	CNY 2.90
All-time low date	2013-06-25
Average true range (ATR)	CNY 0.16
Average volume	39.2M
Beta (1Y)	0.09
Beta (2Y)	-0.03
Beta (5Y)	0.18
Change from 52-week high	-16.25%
Change from 52-week low	12.38%
Change from all-time high	-72.84%
Change from all-time low	97.24%
Change from open	-1.55%
Day's gap	-0.17%
Dollar volume	CNY 161.6M
High price	CNY 5.84
Low price	CNY 5.68
Monthly RSI	43.44
Open price	CNY 5.81
Position in 52-week range	25%
Previous close	CNY 5.82
Price vs 150-day SMA	-4.49%
Price vs 20-day SMA	-2.27%
Price vs 200-day SMA	-5.36%
Price vs 50-day SMA	-2.87%
Relative volume	0.72
RSI	43.14
Sharpe ratio	-0.19
Sharpe ratio (3Y)	0.02
Sharpe ratio (5Y)	0.13
Sortino ratio	-0.01
Sortino ratio (3Y)	0.22
Sortino ratio (5Y)	0.4
Volume	28.2M
Weekly RSI	43.47
YTD price change	-5.45%
YTD total return	5.38%

Metric

Value

10Y price change

-48.38%

10Y return CAGR

-0.6%

10Y total return

-5.8%

150-day SMA

CNY 5.99

15Y price change

20.17%

15Y return CAGR

6.1%

15Y total return

143.15%

1D price change

-1.72%

1M price change

1.06%

1M total return

5.65%

1W price change

-1.04%

1W total return

-1.04%

1Y price change

-9.06%

1Y return CAGR

1.36%

1Y total return

1.36%

20-day SMA

CNY 5.85

200-day SMA

CNY 6.04

3M price change

-4.51%

3M total return

-0.17%

3Y price change

-26.1%

3Y return CAGR

-2.32%

3Y total return

-6.8%

50-day SMA

CNY 5.89

50-day SMA vs 200-day SMA

50under200

52-week high

CNY 6.83

52-week high date

2026-04-15

52-week low

CNY 5.09

52-week low date

2026-06-30

5Y price change

-12.8%

5Y return CAGR

5.36%

5Y total return

29.8%

6M price change

-10.76%

6M total return

-0.54%

All-time high

CNY 21.06

All-time high date

2015-06-18

All-time low

CNY 2.90

All-time low date

2013-06-25

Average true range (ATR)

CNY 0.16

Average volume

39.2M

Beta (1Y)

0.09

Beta (2Y)

-0.03

Beta (5Y)

0.18

Change from 52-week high

-16.25%

Change from 52-week low

12.38%

Change from all-time high

-72.84%

Change from all-time low

97.24%

Change from open

-1.55%

Day's gap

-0.17%

Dollar volume

CNY 161.6M

High price

CNY 5.84

Low price

CNY 5.68

Monthly RSI

43.44

Open price

CNY 5.81

Position in 52-week range

25%

Previous close

CNY 5.82

Price vs 150-day SMA

-4.49%

Price vs 20-day SMA

-2.27%

Price vs 200-day SMA

-5.36%

Price vs 50-day SMA

-2.87%

Relative volume

0.72

RSI

43.14

Sharpe ratio

-0.19

Sharpe ratio (3Y)

0.02

Sharpe ratio (5Y)

0.13

Sortino ratio

-0.01

Sortino ratio (3Y)

0.22

Sortino ratio (5Y)

0.4

Volume

28.2M

Weekly RSI

43.47

YTD price change

-5.45%

YTD total return

5.38%

Metric	Value
Float	1.8B
Shares change (QoQ)	2.24%
Shares change (YoY)	1.45%
Shares held by insiders	23.3%
Shares held by institutions	11.13%
Shares outstanding	4.8B

Metric

Value

Float

1.8B

Shares change (QoQ)

2.24%

Shares change (YoY)

1.45%

Shares held by insiders

23.3%

Shares held by institutions

11.13%

Shares outstanding

4.8B

SHA/600398 (SHA/600398)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600398

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600398 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 SHA/600398

Frequently asked questions