SHA/601928 (SHA/601928)

Shanghai Stock Exchange: SHA/601928 · CNY

CN¥8.66

-0.07 (-0.8%)· Recorded snapshot

Market cap	22B
Revenue (ttm)	11.3B
Net income (ttm)	1.3B
EPS (ttm)	CN¥0.51
Shares out	2.5B
P/E (trailing)	16.8x
P/E (forward)	13.4x
Dividend	CN¥0.50 (5.77%)
Volume	8,864,200
Beta	0.12

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 11.3B
Net income (ttm): 1.3B
EPS (ttm): CN¥0.51
P/E (trailing): 16.8x
P/E (forward): 13.4x
Market cap: 22B

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/E13.4

P25 n/aP50 n/aP75 n/a

Trailing P/E16.8

P25 n/aP50 n/aP75 n/a

ROE6.5

P25 n/aP50 n/aP75 n/a

ROIC9.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/601928 indicators

Market & fundamental data

Available fields

250

Groups with data

Currency

CNY

Showing 250 of 250 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	2026-10-31
Employees	6,311
Employees change	-40
Employees growth	-0.63%
Enterprise value	CNY 8.4B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1999
Industry	Publishing
Is primary listing	Yes
ISIN number	CNE1000019Q6
Last earnings date	2026-08-27
Last refreshed	2026-10-28
Market cap	CNY 22B
Next earnings date	2026-10-31
Price	CNY 8.66
Price currency	CNY
Sector	Communication Services
SIC code	2731
Stock price date	2026-10-28
Symbol	sha/601928
Website	https://www.ppm.cn

Valuation

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

Metric	Value
Average P/E ratio (10Y)	13.71x
Average P/E ratio (3Y)	13.45x
Average P/E ratio (5Y)	11.92x
Earnings yield	5.94%
EV/Earnings	6.44x
EV/EBIT	11.8x
EV/EBITDA	7.41x
EV/FCF	4.75x
EV/Sales	0.74x
FCF / EV yield	21.04%
FCF yield	8%
Forward P/E	13.41x
Graham number	9.54469
Graham upside	10.22%
Industry P/E	25.92x
Lynch fair value	CNY 2.57
Lynch upside	-70.28%
P/B ratio	1.09x
P/E ratio	16.82x
P/FCF ratio	12.5x
P/OCF ratio	11.33x
P/S ratio	1.94x
Price / tangible book value	1.14x
Price/EBITDA ratio	20.94x
Sector forward P/E	15.97x
Sector P/E	53.73x

Profitability

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

Metric	Value
EBIT margin	6.27%
EBITDA margin	9.29%
Effective tax rate	0.84%
FCF margin	15.56%
Gross margin	34.91%
Operating margin	6.27%
Pretax margin	11.7%
Profit margin	11.48%
Profit per employee	CNY 206,247
Profitable quarters	62
Profitable years	18
Revenue per employee	CNY 1.8M
ROA	1.42%
ROA (5Y)	3.01%
ROCE	3.32%
ROE	6.49%
ROE (5Y)	12.26%
ROIC	9.46%
ROIC (5Y)	18.4%
Tax / revenue	0.1%

Growth

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

Metric	Value
EPS growth	-33.37%
EPS growth (Q)	-37.97%
EPS growth (QoQ)	58.24%
EPS growth 10Y	0.77%
EPS growth 3Y	-15.04%
EPS growth 5Y	-9.64%
EPS growth years	1
FCF growth	15.24%
FCF growth 3Y	-10.84%
FCF growth 5Y	-9.64%
Gross profit growth	-23.53%
Gross profit growth (Q)	-27.99%
Gross profit growth 3Y	-7.53%
Gross profit growth 5Y	-1.87%
Net income growth	-33.57%
Net income growth (Q)	-37.97%
Net income growth (QoQ)	58.25%
Net income growth 3Y	-15.22%
Net income growth 5Y	-9.76%
Net income growth years	1
OCF growth	13.4%
OCF growth (QoQ)	2,563.41%
OCF growth 10Y	-1.38%
OCF growth 3Y	-13.31%
OCF growth 5Y	-13.02%
Operating income growth	-56.55%
Operating income growth (Q)	-43.68%
Operating income growth 3Y	-22.85%
Operating income growth 5Y	-12.07%
Revenue growth	-15.94%
Revenue growth (Q)	-17.26%
Revenue growth (QoQ)	11.53%
Revenue growth 10Y	1.12%
Revenue growth 3Y	-6.15%
Revenue growth 5Y	-2.54%
Revenue growth years	0

Financial statements

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

Metric	Value
Capital expenditures	CNY -181.7M
Depreciation and amortization	CNY 341.9M
EBIT	CNY 710.7M
EBITDA	CNY 1.1B
EPS	CNY 0.51
FCF per share	CNY 0.69
Financing cash flow	CNY -1.7B
Free cash flow	CNY 1.8B
Gross profit	CNY 4B
Income taxes	CNY 11.1M
Investing cash flow	CNY -2.1B
Net borrowing	CNY -127.5M
Net cash flow	CNY -1.9B
Net income	CNY 1.3B
Operating income	CNY 710.7M
Revenue	CNY 11.3B

Financial strength

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

Metric	Value
Altman Z-Score	2.82
Book value per share	CNY 7.86
Debt / EBITDA	0.17
Debt / equity	0.01
Debt / FCF	0.11
Goodwill	CNY 331,485
Interest coverage	49.28
Long-term assets	CNY 14.1B
Long-term liabilities	CNY 1.1B
Net cash (debt)	CNY 13.9B
Net cash / market cap	63.09%
Net cash growth	25.08%
Net debt / EBITDA	-13.21
Net debt / equity	-0.69
Net debt / FCF	-7.88
Piotroski F-Score	5
Property, plant and equipment	CNY 5.7B
Shareholders' equity	CNY 20.3B
Tangible book value	CNY 19.3B
Tangible book value per share	CNY 7.60
Total assets	CNY 30.8B
Total cash	CNY 14.1B
Total debt	CNY 189.7M
Total liabilities	CNY 10.6B
WACC	4.96%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.36
Current assets	CNY 16.8B
Current liabilities	CNY 9.4B
Current ratio	1.78
Inventory turnover	7.2
Net working capital	CNY -6.7B
Quick ratio	1.64
Working capital	CNY 7.3B
Working capital turnover	1.85

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	0.3%
Dividend growth	-16.67%
Dividend growth (10Y)	9.6%
Dividend growth (3Y)	0%
Dividend growth (5Y)	4.56%
Dividend growth years	1
Dividend payment date	2026-10-23
Dividend payment years	15
Dividend payout frequency	Semi-Annual
Dividend per share	CNY 0.50
Dividend yield	5.77%
Ex-dividend date	2026-10-23
FCF payout ratio	72.14%
Last dividend	CNY 0.10
Payout ratio	121.18%
Shareholder yield	6.07%

Performance and technicals

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

Metric	Value
10Y price change	-22.82%
10Y return CAGR	1.96%
10Y total return	21.41%
150-day SMA	CNY 9.15
1D price change	-0.8%
1M price change	4.84%
1M total return	6.06%
1W price change	-4.2%
1W total return	-3.09%
1Y price change	-17.29%
1Y return CAGR	-12.61%
1Y total return	-12.6%
20-day SMA	CNY 8.70
200-day SMA	CNY 9.37
3M price change	-8.36%
3M total return	-3.17%
3Y price change	-17.76%
3Y return CAGR	-1.33%
3Y total return	-3.93%
50-day SMA	CNY 8.70
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 10.53
52-week high date	2025-10-28
52-week low	CNY 8.11
52-week low date	2026-09-28
5Y price change	23.19%
5Y return CAGR	10.16%
5Y total return	62.18%
6M price change	-7.87%
6M total return	-2.65%
All-time high	CNY 26.48
All-time high date	2015-06-15
All-time low	CNY 5.66
All-time low date	2018-06-22
Average true range (ATR)	CNY 0.25
Average volume	16.1M
Beta (1Y)	0.12
Beta (2Y)	0.08
Beta (5Y)	0.12
Change from 52-week high	-17.76%
Change from 52-week low	6.78%
Change from all-time high	-67.3%
Change from all-time low	53%
Change from open	-0.8%
Day's gap	0%
Dollar volume	CNY 76.8M
High price	CNY 8.77
Low price	CNY 8.59
Monthly RSI	41.77
Open price	CNY 8.73
Position in 52-week range	38.89%
Previous close	CNY 8.73
Price vs 150-day SMA	-5.36%
Price vs 20-day SMA	-0.46%
Price vs 200-day SMA	-7.59%
Price vs 50-day SMA	-0.45%
Relative volume	0.56
RSI	47.85
Sharpe ratio	-0.86
Sharpe ratio (3Y)	0.02
Sharpe ratio (5Y)	0.39
Sortino ratio	-0.93
Sortino ratio (3Y)	0.24
Sortino ratio (5Y)	0.77
Volume	8.9M
Weekly RSI	43.51
YTD price change	-13.75%
YTD total return	-8.86%

Ownership and float

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

Metric	Value
Float	691.9M
Shares change (QoQ)	0%
Shares change (YoY)	-0.3%
Shares held by insiders	0.01%
Shares held by institutions	10.69%
Shares outstanding	2.5B

Deeper analysis on SHA/601928

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

Forecast

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

→

Valuation

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

→

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.

→

Frequently asked questions

About this SHA/601928 report

Is a complete SHA/601928 research report available?

No complete published report is available for sha/601928 (SHA/601928) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/601928 (SHA/601928)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/601928

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/601928 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/601928

Frequently asked questions