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SHA/600903 (SHA/600903)

Shanghai Stock Exchange: SHA/600903 · CNY

CN¥6.13

+0.05 (+0.8%)· Recorded snapshot

Market cap	7.1B
Revenue (ttm)	6.2B
Net income (ttm)	18.1M
EPS (ttm)	CN¥0.02
Shares out	1.2B
P/E (trailing)	383.4x
Dividend	CN¥0.03 (0.47%)
Volume	17,756,578
Beta	0.65

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	CNY
Country	China
Country code	CN
Earnings date	2026-10-29
Employees	3,933
Employees change	-9
Employees growth	-0.23%
Enterprise value	CNY 13.3B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	2003
Industry	Utilities - Regulated Gas
Is primary listing	Yes
ISIN number	CNE100002TM6
Last earnings date	2026-08-27
Last refreshed	2026-10-28
Last stock split date	2019-05-29
Last stock split type	Forward
Market cap	CNY 7.1B
Next earnings date	2026-10-29
Price	CNY 6.13
Price currency	CNY
Sector	Utilities
SIC code	4922
Stock price date	2026-10-28
Symbol	sha/600903
Website	https://www.guizhougas.com

Metric

Value

Amount currency

CNY

Country

China

Country code

Earnings date

2026-10-29

Employees

3,933

Employees change

-9

Employees growth

-0.23%

Enterprise value

CNY 13.3B

Exchange

Shanghai Stock Exchange

Financial currency

CNY

Financial report date

2026-09-30

First seen

2026-05-10

Fiscal year end

December

Founded

2003

Industry

Utilities - Regulated Gas

Is primary listing

Yes

ISIN number

CNE100002TM6

Last earnings date

2026-08-27

Last refreshed

2026-10-28

Last stock split date

2019-05-29

Last stock split type

Forward

Market cap

CNY 7.1B

Next earnings date

2026-10-29

Price

CNY 6.13

Price currency

CNY

Sector

Utilities

SIC code

4922

Stock price date

2026-10-28

Symbol

sha/600903

Website

https://www.guizhougas.com

Metric	Value
Average P/E ratio (10Y)	116.92x
Average P/E ratio (3Y)	165.64x
Average P/E ratio (5Y)	144.64x
Earnings yield	0.26%
EV/Earnings	733.17x
EV/EBIT	43.6x
EV/EBITDA	20.41x
EV/FCF	541.25x
EV/Sales	2.13x
FCF / EV yield	0.18%
FCF yield	0.34%
Graham number	1.00354
Graham upside	-83.63%
Industry P/E	18.28x
Lynch fair value	CNY 0.08
Lynch upside	-98.7%
P/B ratio	1.67x
P/E ratio	383.44x
P/FCF ratio	290.51x
P/OCF ratio	9.9x
P/S ratio	1.14x
Price / tangible book value	2.69x
Price/EBITDA ratio	10.78x
Sector forward P/E	16.7x
Sector P/E	21.67x

Metric

Value

Average P/E ratio (10Y)

116.92x

Average P/E ratio (3Y)

165.64x

Average P/E ratio (5Y)

144.64x

Earnings yield

0.26%

EV/Earnings

733.17x

EV/EBIT

43.6x

EV/EBITDA

20.41x

EV/FCF

541.25x

EV/Sales

2.13x

FCF / EV yield

0.18%

FCF yield

0.34%

Graham number

1.00354

Graham upside

-83.63%

Industry P/E

18.28x

Lynch fair value

CNY 0.08

Lynch upside

-98.7%

P/B ratio

1.67x

P/E ratio

383.44x

P/FCF ratio

290.51x

P/OCF ratio

9.9x

P/S ratio

1.14x

Price / tangible book value

2.69x

Price/EBITDA ratio

10.78x

Sector forward P/E

16.7x

Sector P/E

21.67x

Metric	Value
EBIT margin	5.11%
EBITDA margin	10.59%
Effective tax rate	47.34%
FCF margin	0.39%
Gross margin	14.61%
Operating margin	5.11%
Pretax margin	2.08%
Profit margin	0.29%
Profit per employee	CNY 4,610
Profitable years	17
Revenue per employee	CNY 1.6M
ROA	1.74%
ROA (5Y)	1.97%
ROCE	3.92%
ROE	1.62%
ROE (5Y)	3%
ROIC	2.01%
Tax / revenue	0.99%

Metric

Value

EBIT margin

5.11%

EBITDA margin

10.59%

Effective tax rate

47.34%

FCF margin

0.39%

Gross margin

14.61%

Operating margin

5.11%

Pretax margin

2.08%

Profit margin

0.29%

Profit per employee

CNY 4,610

Profitable years

Revenue per employee

CNY 1.6M

ROA

1.74%

ROA (5Y)

1.97%

ROCE

3.92%

ROE

1.62%

ROE (5Y)

ROIC

2.01%

Tax / revenue

0.99%

Metric	Value
EPS growth 10Y	-7.72%
EPS growth 3Y	-57.3%
EPS growth 5Y	-39.07%
EPS growth years	0
FCF growth (Q)	20.36%
FCF growth (QoQ)	227.83%
Net income growth 3Y	-58.49%
Net income growth 5Y	-39.56%
Net income growth years	0
OCF growth	56.35%
OCF growth (Q)	-15.99%
OCF growth (QoQ)	53.13%
OCF growth 10Y	35.19%
OCF growth 3Y	-9.69%
OCF growth 5Y	12.22%
Revenue growth	-8.73%
Revenue growth (Q)	-5.62%
Revenue growth (QoQ)	-34.43%
Revenue growth 10Y	12.49%
Revenue growth 3Y	-0.22%
Revenue growth 5Y	5.3%
Revenue growth years	0

Metric

Value

EPS growth 10Y

-7.72%

EPS growth 3Y

-57.3%

EPS growth 5Y

-39.07%

EPS growth years

FCF growth (Q)

20.36%

FCF growth (QoQ)

227.83%

Net income growth 3Y

-58.49%

Net income growth 5Y

-39.56%

Net income growth years

OCF growth

56.35%

OCF growth (Q)

-15.99%

OCF growth (QoQ)

53.13%

OCF growth 10Y

35.19%

OCF growth 3Y

-9.69%

OCF growth 5Y

12.22%

Revenue growth

-8.73%

Revenue growth (Q)

-5.62%

Revenue growth (QoQ)

-34.43%

Revenue growth 10Y

12.49%

Revenue growth 3Y

-0.22%

Revenue growth 5Y

5.3%

Revenue growth years

Metric	Value
Capital expenditures	CNY -696.5M
EBIT	CNY 319.3M
EBITDA	CNY 661.6M
EPS	CNY 0.02
FCF per share	CNY 0.02
Financing cash flow	CNY 10.3M
Free cash flow	CNY 24.6M
Gross profit	CNY 912.6M
Income taxes	CNY 61.7M
Investing cash flow	CNY -705.7M
Net borrowing	CNY 215.3M
Net cash flow	CNY 26.5M
Net income	CNY 18.1M
Operating income	CNY 319.3M
Revenue	CNY 6.2B

Metric

Value

Capital expenditures

CNY -696.5M

EBIT

CNY 319.3M

EBITDA

CNY 661.6M

EPS

CNY 0.02

FCF per share

CNY 0.02

Financing cash flow

CNY 10.3M

Free cash flow

CNY 24.6M

Gross profit

CNY 912.6M

Income taxes

CNY 61.7M

Investing cash flow

CNY -705.7M

Net borrowing

CNY 215.3M

Net cash flow

CNY 26.5M

Net income

CNY 18.1M

Operating income

CNY 319.3M

Revenue

CNY 6.2B

Metric	Value
Book value per share	CNY 2.80
Debt / EBITDA	8.7
Debt / equity	1.36
Debt / FCF	235.87
Goodwill	CNY 65.9M
Interest coverage	1.82
Long-term assets	CNY 9.4B
Long-term liabilities	CNY 3.9B
Net cash (debt)	CNY -5.2B
Net cash / market cap	-72.24%
Net debt / EBITDA	7.79
Net debt / equity	1.21
Net debt / FCF	209.86
Piotroski F-Score	4
Property, plant and equipment	CNY 7.2B
Shareholders' equity	CNY 4.3B
Tangible book value	CNY 2.7B
Tangible book value per share	CNY 2.28
Total assets	CNY 11.6B
Total cash	CNY 638.9M
Total debt	CNY 5.8B
Total liabilities	CNY 7.4B
WACC	5.02%

Metric

Value

Book value per share

CNY 2.80

Debt / EBITDA

8.7

Debt / equity

1.36

Debt / FCF

235.87

Goodwill

CNY 65.9M

Interest coverage

1.82

Long-term assets

CNY 9.4B

Long-term liabilities

CNY 3.9B

Net cash (debt)

CNY -5.2B

Net cash / market cap

-72.24%

Net debt / EBITDA

7.79

Net debt / equity

1.21

Net debt / FCF

209.86

Piotroski F-Score

Property, plant and equipment

CNY 7.2B

Shareholders' equity

CNY 4.3B

Tangible book value

CNY 2.7B

Tangible book value per share

CNY 2.28

Total assets

CNY 11.6B

Total cash

CNY 638.9M

Total debt

CNY 5.8B

Total liabilities

CNY 7.4B

WACC

5.02%

Metric	Value
Asset turnover	0.54
Current assets	CNY 2.2B
Current liabilities	CNY 3.5B
Current ratio	0.64
Inventory turnover	11.32
Net working capital	CNY 173.9M
Quick ratio	0.45
Working capital	CNY -1.2B
Working capital turnover	-5.86

Metric

Value

Asset turnover

0.54

Current assets

CNY 2.2B

Current liabilities

CNY 3.5B

Current ratio

0.64

Inventory turnover

11.32

Net working capital

CNY 173.9M

Quick ratio

0.45

Working capital

CNY -1.2B

Working capital turnover

-5.86

Metric	Value
Buyback yield / dilution	9.97%
Dividend growth	-50.05%
Dividend growth (3Y)	-11.3%
Dividend growth (5Y)	-14.51%
Dividend growth years	1
Dividend payment date	2026-10-23
Dividend payment years	3
Dividend payout frequency	Semi-Annual
Dividend per share	CNY 0.03
Dividend yield	0.47%
Ex-dividend date	2026-10-23
FCF payout ratio	119.05%
Last dividend	CNY 0.01
Payout ratio	937.31%
Shareholder yield	10.44%

Metric

Value

Buyback yield / dilution

9.97%

Dividend growth

-50.05%

Dividend growth (3Y)

-11.3%

Dividend growth (5Y)

-14.51%

Dividend growth years

Dividend payment date

2026-10-23

Dividend payment years

Dividend payout frequency

Semi-Annual

Dividend per share

CNY 0.03

Dividend yield

0.47%

Ex-dividend date

2026-10-23

FCF payout ratio

119.05%

Last dividend

CNY 0.01

Payout ratio

937.31%

Shareholder yield

10.44%

Metric	Value
150-day SMA	CNY 6.92
1D price change	0.82%
1M price change	-6.55%
1M total return	-6.39%
1W price change	-1.76%
1W total return	-1.59%
1Y price change	-14.15%
1Y return CAGR	-13.86%
1Y total return	-13.85%
20-day SMA	CNY 6.39
200-day SMA	CNY 6.90
3M price change	2.68%
3M total return	2.87%
3Y price change	-25.97%
3Y return CAGR	-9.04%
3Y total return	-24.76%
50-day SMA	CNY 6.52
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 10.66
52-week high date	2026-05-20
52-week low	CNY 5.52
52-week low date	2026-07-21
5Y price change	-43.81%
5Y return CAGR	-10.48%
5Y total return	-42.51%
6M price change	-3.77%
6M total return	-3.44%
All-time high	CNY 26.78
All-time high date	2018-03-09
All-time low	CNY 1.89
All-time low date	2017-11-07
Average true range (ATR)	CNY 0.26
Average volume	31.5M
Beta (1Y)	0.11
Beta (2Y)	-0.01
Beta (5Y)	0.65
Change from 52-week high	-42.5%
Change from 52-week low	11.05%
Change from all-time high	-77.11%
Change from all-time low	223.82%
Change from open	0.82%
Day's gap	0%
Dollar volume	CNY 108.8M
High price	CNY 6.14
Low price	CNY 6.03
Monthly RSI	44.49
Open price	CNY 6.08
Position in 52-week range	90.91%
Previous close	CNY 6.08
Price vs 150-day SMA	-11.45%
Price vs 20-day SMA	-4.1%
Price vs 200-day SMA	-11.16%
Price vs 50-day SMA	-6.01%
Relative volume	0.54
RSI	41.58
Sharpe ratio	-0.18
Sharpe ratio (3Y)	-0.21
Sharpe ratio (5Y)	-0.12
Sortino ratio	-0.15
Sortino ratio (3Y)	-0.16
Sortino ratio (5Y)	-0.03
Volume	17.8M
Weekly RSI	43.7
YTD price change	-7.26%
YTD total return	-6.94%

Metric

Value

150-day SMA

CNY 6.92

1D price change

0.82%

1M price change

-6.55%

1M total return

-6.39%

1W price change

-1.76%

1W total return

-1.59%

1Y price change

-14.15%

1Y return CAGR

-13.86%

1Y total return

-13.85%

20-day SMA

CNY 6.39

200-day SMA

CNY 6.90

3M price change

2.68%

3M total return

2.87%

3Y price change

-25.97%

3Y return CAGR

-9.04%

3Y total return

-24.76%

50-day SMA

CNY 6.52

50-day SMA vs 200-day SMA

50under200

52-week high

CNY 10.66

52-week high date

2026-05-20

52-week low

CNY 5.52

52-week low date

2026-07-21

5Y price change

-43.81%

5Y return CAGR

-10.48%

5Y total return

-42.51%

6M price change

-3.77%

6M total return

-3.44%

All-time high

CNY 26.78

All-time high date

2018-03-09

All-time low

CNY 1.89

All-time low date

2017-11-07

Average true range (ATR)

CNY 0.26

Average volume

31.5M

Beta (1Y)

0.11

Beta (2Y)

-0.01

Beta (5Y)

0.65

Change from 52-week high

-42.5%

Change from 52-week low

11.05%

Change from all-time high

-77.11%

Change from all-time low

223.82%

Change from open

0.82%

Day's gap

Dollar volume

CNY 108.8M

High price

CNY 6.14

Low price

CNY 6.03

Monthly RSI

44.49

Open price

CNY 6.08

Position in 52-week range

90.91%

Previous close

CNY 6.08

Price vs 150-day SMA

-11.45%

Price vs 20-day SMA

-4.1%

Price vs 200-day SMA

-11.16%

Price vs 50-day SMA

-6.01%

Relative volume

0.54

RSI

41.58

Sharpe ratio

-0.18

Sharpe ratio (3Y)

-0.21

Sharpe ratio (5Y)

-0.12

Sortino ratio

-0.15

Sortino ratio (3Y)

-0.16

Sortino ratio (5Y)

-0.03

Volume

17.8M

Weekly RSI

43.7

YTD price change

-7.26%

YTD total return

-6.94%

Metric	Value
Float	522.9M
Shares change (QoQ)	-5.21%
Shares change (YoY)	-9.97%
Shares held by insiders	1.06%
Shares held by institutions	8.83%
Shares outstanding	1.2B

Metric

Value

Float

522.9M

Shares change (QoQ)

-5.21%

Shares change (YoY)

-9.97%

Shares held by insiders

1.06%

Shares held by institutions

8.83%

Shares outstanding

1.2B

SHA/600903 (SHA/600903)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600903

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600903 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/600903

Frequently asked questions