SHA/600406 (SHA/600406)

Shanghai Stock Exchange: SHA/600406 · CNY

CN¥23.3

-0.14 (-0.6%)· Recorded snapshot

Market cap	186.4B
Revenue (ttm)	71.5B
Net income (ttm)	8.3B
EPS (ttm)	CN¥1.05
Shares out	8B
P/E (trailing)	22.2x
P/E (forward)	19.5x
Dividend	CN¥0.63 (2.69%)
Volume	37,328,939
Beta	0.55

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 71.5B
Net income (ttm): 8.3B
EPS (ttm): CN¥1.05
P/E (trailing): 22.2x
P/E (forward): 19.5x
Market cap: 186.4B

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/E19.5

P25 n/aP50 n/aP75 n/a

Trailing P/E22.2

P25 n/aP50 n/aP75 n/a

ROE16.3

P25 n/aP50 n/aP75 n/a

ROIC22

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/600406 indicators

Market & fundamental data

Available fields

262

Groups with data

Currency

CNY

Showing 262 of 262 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	2026-10-29
Employees	12,680
Employees change	-101
Employees growth	-0.79%
Enterprise value	CNY 168.7B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	2001
Industry	Electrical Equipment & Parts
Is primary listing	Yes
ISIN number	CNE000001G38
Last earnings date	2026-08-27
Last refreshed	2026-10-28
Last stock split date	2023-06-21
Last stock split type	Forward
Market cap	CNY 186.4B
Next earnings date	2026-10-29
Price	CNY 23.34
Price currency	CNY
Sector	Industrials
SIC code	7373
Stock price date	2026-10-28
Symbol	sha/600406
Website	https://www.naritech.cn

Valuation

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

Metric	Value
Adjusted P/E ratio	22.88x
Average P/E ratio (10Y)	23.67x
Average P/E ratio (3Y)	24.5x
Average P/E ratio (5Y)	26.35x
Earnings yield	4.5%
EV/Earnings	20.24x
EV/EBIT	17.6x
EV/EBITDA	16.36x
EV/FCF	54.7x
EV/Sales	2.36x
FCF / EV yield	1.83%
FCF yield	1.65%
Forward P/E	19.48x
Graham number	12.79365
Graham upside	-45.19%
Industry forward P/E	13.91x
Industry P/E	23.63x
Lynch fair value	CNY 9.13
Lynch upside	-60.89%
P/B ratio	3.31x
P/E ratio	22.21x
P/FCF ratio	60.44x
P/OCF ratio	36.3x
P/S ratio	2.61x
PEG ratio	2.47x
Price / tangible book value	3.68x
Price/EBITDA ratio	18.21x
Sector forward P/E	13.91x
Sector P/E	28.41x

Profitability

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

Metric	Value
EBIT margin	13.4%
EBITDA margin	14.31%
Effective tax rate	10.3%
FCF margin	4.31%
Gross margin	25.1%
Operating margin	13.4%
Pretax margin	13.9%
Profit margin	11.65%
Profit per employee	CNY 657,361
Profitable quarters	93
Profitable years	26
Revenue per employee	CNY 5.6M
ROA	6.47%
ROA (5Y)	5.99%
ROCE	16.75%
ROE	16.35%
ROE (5Y)	15.94%
ROIC	21.99%
ROIC (5Y)	24.01%
Tax / revenue	1.43%

Growth

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

Metric	Value
EPS growth	5.02%
EPS growth (Q)	0.79%
EPS growth (QoQ)	-15.43%
EPS growth 10Y	9.24%
EPS growth 3Y	6.54%
EPS growth 5Y	8.71%
EPS growth quarters	9
EPS growth years	6
FCF growth	-74.08%
FCF growth 3Y	-20.91%
FCF growth 5Y	11.51%
Gross profit growth	12.13%
Gross profit growth (Q)	8.72%
Gross profit growth 3Y	9.53%
Gross profit growth 5Y	10.38%
Net income growth	4.35%
Net income growth (Q)	-3.37%
Net income growth (QoQ)	-21.79%
Net income growth 3Y	6.24%
Net income growth 5Y	8.69%
Net income growth quarters	25
Net income growth years	11
OCF growth	-63.31%
OCF growth 10Y	22.31%
OCF growth 3Y	-16.31%
OCF growth 5Y	-0.23%
Operating income growth	9.93%
Operating income growth (Q)	3.41%
Operating income growth 3Y	6.89%
Operating income growth 5Y	8.63%
Revenue growth	12.05%
Revenue growth (Q)	12.41%
Revenue growth (QoQ)	-11.48%
Revenue growth 10Y	19.75%
Revenue growth 3Y	12.82%
Revenue growth 5Y	11.43%
Revenue growth quarters	27
Revenue growth years	8

Financial statements

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

Metric	Value
Capital expenditures	CNY -2.1B
Depreciation and amortization	CNY 651M
EBIT	CNY 9.6B
EBITDA	CNY 10.2B
EPS	CNY 1.05
FCF per share	CNY 0.39
Financing cash flow	CNY -5.9B
Free cash flow	CNY 3.1B
Gross profit	CNY 18B
Income taxes	CNY 1B
Investing cash flow	CNY 4.5B
Net borrowing	CNY -347.8M
Net cash flow	CNY 3.6B
Net income	CNY 8.3B
Operating income	CNY 9.6B
Revenue	CNY 71.5B

Financial strength

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

Metric	Value
Book value per share	CNY 6.92
Debt / EBITDA	0.04
Debt / equity	0.01
Debt / FCF	0.14
Goodwill	CNY 1.4M
Interest coverage	643.07
Long-term assets	CNY 17.5B
Long-term liabilities	CNY 881.5M
Net cash (debt)	CNY 12.5B
Net cash / market cap	6.72%
Net cash growth	-35.72%
Net debt / EBITDA	-1.22
Net debt / equity	-0.22
Net debt / FCF	-4.06
Piotroski F-Score	7
Property, plant and equipment	CNY 9B
Shareholders' equity	CNY 56.3B
Tangible book value	CNY 50.7B
Tangible book value per share	CNY 6.67
Total assets	CNY 92.4B
Total cash	CNY 12.9B
Total debt	CNY 416.6M
Total liabilities	CNY 36.1B
WACC	7.25%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.77
Current assets	CNY 74.9B
Current liabilities	CNY 35.2B
Current ratio	2.13
Inventory turnover	3.25
Net working capital	CNY 27.2B
Quick ratio	1.37
Working capital	CNY 39.8B
Working capital turnover	1.86

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	0.63%
Dividend growth	7.9%
Dividend growth (10Y)	14.92%
Dividend growth (3Y)	17.21%
Dividend growth (5Y)	16.58%
Dividend growth years	0
Dividend payment date	2026-09-29
Dividend payment years	19
Dividend payout frequency	Semi-Annual
Dividend per share	CNY 0.63
Dividend yield	2.69%
Ex-dividend date	2026-09-29
FCF payout ratio	59.57%
Last dividend	CNY 0.15
Payout ratio	61.36%
Shareholder yield	3.33%

Performance and technicals

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

Metric	Value
10Y price change	144.42%
10Y return CAGR	11.53%
10Y total return	197.61%
150-day SMA	CNY 24.22
15Y price change	154.33%
15Y return CAGR	8.16%
15Y total return	224.38%
1D price change	-0.6%
1M price change	4.81%
1M total return	5.52%
1W price change	1.48%
1W total return	1.48%
1Y price change	-0.89%
1Y return CAGR	1.85%
1Y total return	1.85%
20-day SMA	CNY 22.81
200-day SMA	CNY 24.68
20Y price change	1,750.91%
20Y return CAGR	17.23%
20Y total return	2,304.63%
3M price change	-2.34%
3M total return	-1.68%
3Y price change	3.55%
3Y return CAGR	3.93%
3Y total return	12.27%
50-day SMA	CNY 22.81
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 32.06
52-week high date	2026-03-09
52-week low	CNY 21.26
52-week low date	2026-07-09
5Y price change	-14.91%
5Y return CAGR	-1.07%
5Y total return	-5.25%
6M price change	-11.02%
6M total return	-8.56%
All-time high	CNY 33.24
All-time high date	2021-12-15
All-time low	CNY 0.64
All-time low date	2005-12-20
Average true range (ATR)	CNY 0.46
Average volume	47.1M
Beta (1Y)	0.02
Beta (2Y)	0.03
Beta (5Y)	0.55
Change from 52-week high	-27.2%
Change from 52-week low	9.78%
Change from all-time high	-29.79%
Change from all-time low	3,545.17%
Change from open	-1.14%
Day's gap	0.55%
Dollar volume	CNY 871.3M
High price	CNY 23.61
Low price	CNY 23.17
Monthly RSI	49.03
Open price	CNY 23.61
Position in 52-week range	38.64%
Previous close	CNY 23.48
Price vs 150-day SMA	-3.62%
Price vs 20-day SMA	2.33%
Price vs 200-day SMA	-5.43%
Price vs 50-day SMA	2.32%
Relative volume	0.82
RSI	56.18
Sharpe ratio	0.06
Sharpe ratio (3Y)	0.09
Sharpe ratio (5Y)	0.13
Sortino ratio	0.32
Sortino ratio (3Y)	0.39
Sortino ratio (5Y)	0.4
Volume	37.3M
Weekly RSI	48.07
YTD price change	3.83%
YTD total return	6.7%

Ownership and float

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

Metric	Value
Float	3.1B
Shares change (QoQ)	-7.52%
Shares change (YoY)	-0.63%
Shares held by insiders	2.43%
Shares held by institutions	14.72%
Shares outstanding	8B

Deeper analysis on SHA/600406

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.

→

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/600406 report

Is a complete SHA/600406 research report available?

No complete published report is available for sha/600406 (SHA/600406) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/600406 (SHA/600406)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600406

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600406 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/600406

Frequently asked questions