SHA/603602 (SHA/603602)

Shanghai Stock Exchange: SHA/603602 · CNY

CN¥11.5

-0.13 (-1.1%)· Recorded snapshot

Market cap	2.6B
Revenue (ttm)	2B
Net income (ttm)	-159.8M
EPS (ttm)	-CN¥0.69
Shares out	225.1M
Dividend	CN¥0.02 (0.17%)
Volume	2,349,491
Beta	0.24

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 2B
Net income (ttm): -159.8M
EPS (ttm): -CN¥0.69
Market cap: 2.6B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-09-13 02:00 UTC

Forward P/En/a

P25 13.1P50 27.2P75 41.6

Trailing P/En/a

P25 20P50 46P75 130.2

ROE-13.9

P25 -8.5P50 0.6P75 4.7

ROIC-7.9

P25 -6.4P50 1.2P75 6.3

Benchmarks · 1M

S&P 500-0.9%

Nasdaq Composite-0.4%

Dow Jones Industrial Average-2.3%

Russell 2000-4.1%

All SHA/603602 indicators

Market & fundamental data

Available fields

216

Groups with data

Currency

CNY

Showing 216 of 216 available metrics for this ticker.

Profile and market data

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

Metric	Value
Country	China
Country code	CN
Employees	984
Employees Change	158%
Employees Change Percent	19.13
Enterprise value	CNY 3B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
First seen	2026-05-10
Industry	Telecom Services
Industry PE	49.87
Isin	CNE100002WC1
Last refreshed	2026-09-13
Market cap	CNY 2.6B
Price	CNY 11.46
Price currency	CNY
Rev Per Employee	2,055,271.51x
Sector	Communication Services
Sector PE	54.4
Sector PE Fwd	16.48
Sic	1600
Symbol	sha/603602
Website	https://www.freelynet.com

Valuation

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

Metric	Value
Earnings Yield	-6.2%
EV/FCF	57.54x
EV/Sales	1.49x
FCF yield	2.03%
P/B ratio	2.72x
P/S ratio	1.28x
PE Ratio10 Y	100.05x
PE Ratio3 Y	116.75x
PE Ratio5 Y	114.46x

Profitability

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

Metric	Value
EBIT Margin	-5.58%
EBITDA Margin	-4.94%
FCF margin	2.58%
Gross margin	14.47%
Gross Profit	CNY 292.7M
Gross Profit Growth	2.63%
Gross Profit Growth Q	17.65%
Gross Profit Growth3 Y	22.42%
Gross Profit Growth5 Y	19.32%
Net Income	CNY -159.8M
Net Income Growth Q	19.67%
Net Income Growth Qo Q	100.5%
Net Income Growth Quarters	2%
Net Income Growth Years	0%
Pretax Margin	-6.12%
Profit Margin	-7.9%
Profit Per Employee	CNY -162,444
Profitable Quarters	CNY 2
ROA	-3.05
Roa5y	0.14
ROCE	-11.74
ROE	-13.85
Roe5y	-0.68
ROIC	-7.94
Roic5y	0.84

Growth

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

Metric	Value
Cagr1y	-26.93%
Cagr3y	-4.65%
Cagr5y	2.44%
Div CAGR3	32.64%
Div CAGR5	11.84%
EPS Growth Q	6.42
EPS Growth Qo Q	66.57
EPS Growth Quarters	1
EPS Growth Years	0
FCF Growth Q	177.82%
OCF Growth Q	171.74%
OCF Growth10 Y	14.44%
OCF Growth3 Y	6.59%
OCF Growth5 Y	8.61%
Revenue Growth	30.07x
Revenue Growth Q	18.29x
Revenue Growth Qo Q	19.15x
Revenue Growth Quarters	4x
Revenue Growth Years	5x
Revenue Growth3 Y	21.55x
Revenue Growth5 Y	16.56x

Financial strength

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

Metric	Value
Asset Turnover	CNY 0.87
Assets	CNY 2.3B
Cash	CNY 404.7M
Current Assets	CNY 1.7B
Current Liabilities	CNY 1.3B
Debt	CNY 794.6M
Debt Equity	CNY 0.84
Debt FCF	CNY 15.21
Equity	CNY 948.5M
Interest Coverage	-5.14
Liabilities	CNY 1.3B
Long Term Assets	CNY 556.1M
Long Term Liabilities	CNY 13.7M
Net Cash	CNY -389.9M
Net Cash By Market Cap	CNY -15.11
Net Debt Equity	CNY 0.41
Net Debt FCF	CNY 7.46
Tangible Book Value	CNY 822.6M
Tangible Book Value Per Share	CNY 3.65
WACC	4.79

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current ratio	1.31
Inventory Turnover	5.91
Net Working Capital	CNY 786.4M
Quick ratio	0.96
Working Capital	CNY 406.1M
Working Capital Turnover	CNY 4.6

Dividends and buybacks

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

Metric	Value
Buyback Yield	-1.75%
Dividend Growth	0%
Dividend Growth Years	3%
Dividend per share	CNY 0.02
Dividend Years	8
Dividend Yield	0.17%
Ex Div Date	2025-11-11
Last Dividend	CNY 0.02
Payout Frequency	Annual

Performance and technicals

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

Metric	Value
1Y total return	-26.91%
200-day SMA	13.24
3Y total return	-13.33%
50-day SMA	11.04
50-day SMA vs 200-day SMA	50under200
5Y total return	12.83%
All Time High	30.58
All Time High Change	-62.53%
All Time High Date	2017-09-01
All Time Low	7.15
All Time Low Change	60.26%
All Time Low Date	2017-08-10
ATR	0.34
Beta	0.24
Beta1y	0.82
Beta2y	1.1
Ch YTD	-21.29
High	11.64
High52	17.75
High52 Date	2026-01-14
High52ch	-35.44%
Low	11.33
Low52	9.2
Low52 Date	2026-07-21
Low52ch	24.57%
Ma50ch	3.77%
Price vs 200-day SMA	-13.46%
RSI	46.87
RSI Monthly	40.93
RSI Weekly	42.91
Sharpe ratio	-0.88x
Sharpe Ratio3y	0.1x
Sharpe Ratio5y	0.18x
Sortino ratio	-1.01
Sortino Ratio3y	0.28
Sortino Ratio5y	0.4
Total Return	-1.58%
Tr YTD	-21.29
Tr1m	1.51%
Tr1w	-3.21%
Tr3m	-13.83%

Ownership and float

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

Metric	Value
Float	146,743,349%
Net Borrowing	71,627,896
Shares Insiders	34.82%
Shares Institutions	6.59%
Shares Out	225,130,694
Shares Qo Q	20.37%
Shares Yo Y	1.75%

Other indicators

Additional ticker metrics that do not fit the primary research groupings yet.

Metric	Value
Average Volume	2,687,187.3x
Bv Per Share	4.05
CAPEX	CNY -90.1M
Ch1m	1.51
Ch1w	-3.21
Ch1y	-27.01
Ch3m	-13.83
Ch3y	-14.16
Ch5y	10.94
Ch6m	-20.03
Change	-1.12%
Change From Open	-0.17
Close	11.59
Days Gap	-0.95
Depreciation Amortization	13,090,146
Dollar Volume	26,925,166.9
Earnings Date	2026-08-22
EBIT	CNY -112.9M
EBITDA	CNY -99.9M
EPS	CNY -0.69
F Score	3
FCF	CNY 52.2M
FCF EV Yield	1.74x
FCF Per Share	CNY 0.23
Financing CF	45,189,523
Fiscal Year End	December
Founded	2,006
Goodwill	75,437,262
Income Tax	CNY 15.3M
Investing CF	-35,807,370
Is Primary Listing	1
Last Earnings Date	2026-08-22
Last Report Date	2026-06-30
Last Split Date	2020-06-08
Last Split Type	Forward
Ma150	12.65
Ma150ch	-9.41%
Ma20	11.7
Ma20ch	-2.08%
Net CF	151,431,585
Next Earnings Date	2026-10-28
Open	11.48
P FCF Ratio	49.38
P OCF Ratio	18.13
Payment Date	2025-11-11
Position In Range	41.94
Ppne	212,230,824
Price Date	2026-09-11
Ptbv Ratio	3.14
Relative Volume	0.85x
Revenue	2,022,387,163x
Tax By Revenue	0.76x
Tr6m	-20.03%
Volume	2,349,491
Z Score	2.6

Deeper analysis on SHA/603602

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

Forecast

Bull, base, and bear cases with expected-return framing.

→

Valuation

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

→

Sensitivity

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

→

Risks

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

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

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

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this SHA/603602 report

Is a complete SHA/603602 research report available?

No complete published report is available for sha/603602 (SHA/603602) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/603602 (SHA/603602)

Shanghai Stock Exchange: SHA/603602 · CNY

CN¥11.5

-0.13 (-1.1%)· Recorded snapshot

Market cap	2.6B
Revenue (ttm)	2B
Net income (ttm)	-159.8M
EPS (ttm)	-CN¥0.69
Shares out	225.1M
Dividend	CN¥0.02 (0.17%)
Volume	2,349,491
Beta	0.24

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 2B
Net income (ttm): -159.8M
EPS (ttm): -CN¥0.69
Market cap: 2.6B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-09-13 02:00 UTC

Forward P/En/a

P25 13.1P50 27.2P75 41.6

Trailing P/En/a

P25 20P50 46P75 130.2

ROE-13.9

P25 -8.5P50 0.6P75 4.7

ROIC-7.9

P25 -6.4P50 1.2P75 6.3

Benchmarks · 1M

S&P 500-0.9%

Nasdaq Composite-0.4%

Dow Jones Industrial Average-2.3%

Russell 2000-4.1%

All SHA/603602 indicators

Market & fundamental data

Available fields

216

Groups with data

Currency

CNY

Showing 216 of 216 available metrics for this ticker.

Profile and market data

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

Metric	Value
Country	China
Country code	CN
Employees	984
Employees Change	158%
Employees Change Percent	19.13
Enterprise value	CNY 3B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
First seen	2026-05-10
Industry	Telecom Services
Industry PE	49.87
Isin	CNE100002WC1
Last refreshed	2026-09-13
Market cap	CNY 2.6B
Price	CNY 11.46
Price currency	CNY
Rev Per Employee	2,055,271.51x
Sector	Communication Services
Sector PE	54.4
Sector PE Fwd	16.48
Sic	1600
Symbol	sha/603602
Website	https://www.freelynet.com

Valuation

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

Metric	Value
Earnings Yield	-6.2%
EV/FCF	57.54x
EV/Sales	1.49x
FCF yield	2.03%
P/B ratio	2.72x
P/S ratio	1.28x
PE Ratio10 Y	100.05x
PE Ratio3 Y	116.75x
PE Ratio5 Y	114.46x

Profitability

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

Metric	Value
EBIT Margin	-5.58%
EBITDA Margin	-4.94%
FCF margin	2.58%
Gross margin	14.47%
Gross Profit	CNY 292.7M
Gross Profit Growth	2.63%
Gross Profit Growth Q	17.65%
Gross Profit Growth3 Y	22.42%
Gross Profit Growth5 Y	19.32%
Net Income	CNY -159.8M
Net Income Growth Q	19.67%
Net Income Growth Qo Q	100.5%
Net Income Growth Quarters	2%
Net Income Growth Years	0%
Pretax Margin	-6.12%
Profit Margin	-7.9%
Profit Per Employee	CNY -162,444
Profitable Quarters	CNY 2
ROA	-3.05
Roa5y	0.14
ROCE	-11.74
ROE	-13.85
Roe5y	-0.68
ROIC	-7.94
Roic5y	0.84

Growth

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

Metric	Value
Cagr1y	-26.93%
Cagr3y	-4.65%
Cagr5y	2.44%
Div CAGR3	32.64%
Div CAGR5	11.84%
EPS Growth Q	6.42
EPS Growth Qo Q	66.57
EPS Growth Quarters	1
EPS Growth Years	0
FCF Growth Q	177.82%
OCF Growth Q	171.74%
OCF Growth10 Y	14.44%
OCF Growth3 Y	6.59%
OCF Growth5 Y	8.61%
Revenue Growth	30.07x
Revenue Growth Q	18.29x
Revenue Growth Qo Q	19.15x
Revenue Growth Quarters	4x
Revenue Growth Years	5x
Revenue Growth3 Y	21.55x
Revenue Growth5 Y	16.56x

Financial strength

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

Metric	Value
Asset Turnover	CNY 0.87
Assets	CNY 2.3B
Cash	CNY 404.7M
Current Assets	CNY 1.7B
Current Liabilities	CNY 1.3B
Debt	CNY 794.6M
Debt Equity	CNY 0.84
Debt FCF	CNY 15.21
Equity	CNY 948.5M
Interest Coverage	-5.14
Liabilities	CNY 1.3B
Long Term Assets	CNY 556.1M
Long Term Liabilities	CNY 13.7M
Net Cash	CNY -389.9M
Net Cash By Market Cap	CNY -15.11
Net Debt Equity	CNY 0.41
Net Debt FCF	CNY 7.46
Tangible Book Value	CNY 822.6M
Tangible Book Value Per Share	CNY 3.65
WACC	4.79

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current ratio	1.31
Inventory Turnover	5.91
Net Working Capital	CNY 786.4M
Quick ratio	0.96
Working Capital	CNY 406.1M
Working Capital Turnover	CNY 4.6

Dividends and buybacks

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

Metric	Value
Buyback Yield	-1.75%
Dividend Growth	0%
Dividend Growth Years	3%
Dividend per share	CNY 0.02
Dividend Years	8
Dividend Yield	0.17%
Ex Div Date	2025-11-11
Last Dividend	CNY 0.02
Payout Frequency	Annual

Performance and technicals

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

Metric	Value
1Y total return	-26.91%
200-day SMA	13.24
3Y total return	-13.33%
50-day SMA	11.04
50-day SMA vs 200-day SMA	50under200
5Y total return	12.83%
All Time High	30.58
All Time High Change	-62.53%
All Time High Date	2017-09-01
All Time Low	7.15
All Time Low Change	60.26%
All Time Low Date	2017-08-10
ATR	0.34
Beta	0.24
Beta1y	0.82
Beta2y	1.1
Ch YTD	-21.29
High	11.64
High52	17.75
High52 Date	2026-01-14
High52ch	-35.44%
Low	11.33
Low52	9.2
Low52 Date	2026-07-21
Low52ch	24.57%
Ma50ch	3.77%
Price vs 200-day SMA	-13.46%
RSI	46.87
RSI Monthly	40.93
RSI Weekly	42.91
Sharpe ratio	-0.88x
Sharpe Ratio3y	0.1x
Sharpe Ratio5y	0.18x
Sortino ratio	-1.01
Sortino Ratio3y	0.28
Sortino Ratio5y	0.4
Total Return	-1.58%
Tr YTD	-21.29
Tr1m	1.51%
Tr1w	-3.21%
Tr3m	-13.83%

Ownership and float

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

Metric	Value
Float	146,743,349%
Net Borrowing	71,627,896
Shares Insiders	34.82%
Shares Institutions	6.59%
Shares Out	225,130,694
Shares Qo Q	20.37%
Shares Yo Y	1.75%

Other indicators

Additional ticker metrics that do not fit the primary research groupings yet.

Metric	Value
Average Volume	2,687,187.3x
Bv Per Share	4.05
CAPEX	CNY -90.1M
Ch1m	1.51
Ch1w	-3.21
Ch1y	-27.01
Ch3m	-13.83
Ch3y	-14.16
Ch5y	10.94
Ch6m	-20.03
Change	-1.12%
Change From Open	-0.17
Close	11.59
Days Gap	-0.95
Depreciation Amortization	13,090,146
Dollar Volume	26,925,166.9
Earnings Date	2026-08-22
EBIT	CNY -112.9M
EBITDA	CNY -99.9M
EPS	CNY -0.69
F Score	3
FCF	CNY 52.2M
FCF EV Yield	1.74x
FCF Per Share	CNY 0.23
Financing CF	45,189,523
Fiscal Year End	December
Founded	2,006
Goodwill	75,437,262
Income Tax	CNY 15.3M
Investing CF	-35,807,370
Is Primary Listing	1
Last Earnings Date	2026-08-22
Last Report Date	2026-06-30
Last Split Date	2020-06-08
Last Split Type	Forward
Ma150	12.65
Ma150ch	-9.41%
Ma20	11.7
Ma20ch	-2.08%
Net CF	151,431,585
Next Earnings Date	2026-10-28
Open	11.48
P FCF Ratio	49.38
P OCF Ratio	18.13
Payment Date	2025-11-11
Position In Range	41.94
Ppne	212,230,824
Price Date	2026-09-11
Ptbv Ratio	3.14
Relative Volume	0.85x
Revenue	2,022,387,163x
Tax By Revenue	0.76x
Tr6m	-20.03%
Volume	2,349,491
Z Score	2.6

Deeper analysis on SHA/603602

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

Forecast

Bull, base, and bear cases with expected-return framing.

→

Valuation

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

→

Sensitivity

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

→

Risks

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

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

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

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this SHA/603602 report

Is a complete SHA/603602 research report available?

No complete published report is available for sha/603602 (SHA/603602) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/603602 (SHA/603602)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/603602

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/603602 indicators

Profile and market data

Valuation

Profitability

Growth

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on SHA/603602

Frequently asked questions

SHA/603602 (SHA/603602)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/603602

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/603602 indicators

Profile and market data

Valuation

Profitability

Growth

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on SHA/603602

Frequently asked questions