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SHE/000685 (SHE/000685)

Shenzhen Stock Exchange: SHE/000685 · CNY

CN¥10.4

+0.00 (0.0%)· Recorded snapshot

Market cap	15.2B
Revenue (ttm)	4.7B
Net income (ttm)	2.6B
EPS (ttm)	CN¥1.79
Shares out	1.5B
P/E (trailing)	5.8x
P/E (forward)	6.1x
Dividend	CN¥0.39 (3.71%)
Volume	7,308,530
Beta	0.58

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	CNY
Country	China
Country code	CN
Earnings date	2026-10-30
Employees	6,825
Employees change	1,031
Employees growth	17.79%
Enterprise value	CNY 24.7B
Exchange	Shenzhen Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1992
Industry	Utilities - Regulated Water
Is primary listing	Yes
ISIN number	CNE0000006B7
Last earnings date	2026-08-29
Last refreshed	2026-10-28
Last stock split date	2015-07-07
Last stock split type	Forward
Market cap	CNY 15.2B
Next earnings date	2026-10-30
Price	CNY 10.37
Price currency	CNY
Sector	Utilities
SIC code	4941
Stock price date	2026-10-28
Symbol	she/000685
Website	https://www.zpug.net

Metric

Value

Amount currency

CNY

Country

China

Country code

Earnings date

2026-10-30

Employees

6,825

Employees change

1,031

Employees growth

17.79%

Enterprise value

CNY 24.7B

Exchange

Shenzhen Stock Exchange

Financial currency

CNY

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1992

Industry

Utilities - Regulated Water

Is primary listing

Yes

ISIN number

CNE0000006B7

Last earnings date

2026-08-29

Last refreshed

2026-10-28

Last stock split date

2015-07-07

Last stock split type

Forward

Market cap

CNY 15.2B

Next earnings date

2026-10-30

Price

CNY 10.37

Price currency

CNY

Sector

Utilities

SIC code

4941

Stock price date

2026-10-28

Symbol

she/000685

Website

https://www.zpug.net

Metric	Value
Average P/E ratio (10Y)	11.46x
Average P/E ratio (3Y)	10.19x
Average P/E ratio (5Y)	9.86x
Earnings yield	17.26%
EV/Earnings	9.4x
EV/EBIT	50.42x
EV/EBITDA	20.57x
EV/Sales	5.3x
FCF / EV yield	-1.53%
FCF yield	-2.49%
Forward P/E	6.06x
Graham number	23.05706
Graham upside	122.34%
Industry P/E	14.51x
Lynch fair value	CNY 21.78
Lynch upside	110.07%
P/B ratio	0.76x
P/E ratio	5.79x
P/OCF ratio	16.63x
P/S ratio	3.26x
Price / tangible book value	1.01x
Price/EBITDA ratio	12.87x
Sector forward P/E	16.74x
Sector P/E	21.59x

Metric

Value

Average P/E ratio (10Y)

11.46x

Average P/E ratio (3Y)

10.19x

Average P/E ratio (5Y)

9.86x

Earnings yield

17.26%

EV/Earnings

9.4x

EV/EBIT

50.42x

EV/EBITDA

20.57x

EV/Sales

5.3x

FCF / EV yield

-1.53%

FCF yield

-2.49%

Forward P/E

6.06x

Graham number

23.05706

Graham upside

122.34%

Industry P/E

14.51x

Lynch fair value

CNY 21.78

Lynch upside

110.07%

P/B ratio

0.76x

P/E ratio

5.79x

P/OCF ratio

16.63x

P/S ratio

3.26x

Price / tangible book value

1.01x

Price/EBITDA ratio

12.87x

Sector forward P/E

16.74x

Sector P/E

21.59x

Metric	Value
EBIT margin	10.5%
EBITDA margin	25.35%
Effective tax rate	3.72%
Gross margin	26%
Operating margin	10.5%
Pretax margin	58.92%
Profit margin	56.34%
Profit per employee	CNY 385,004
Profitable quarters	98
Profitable years	33
Revenue per employee	CNY 683,348
ROA	0.82%
ROA (5Y)	0.94%
ROCE	1.86%
ROE	13.89%
ROE (5Y)	7.93%
ROIC	1.02%
Tax / revenue	2.19%

Metric

Value

EBIT margin

10.5%

EBITDA margin

25.35%

Effective tax rate

3.72%

Gross margin

26%

Operating margin

10.5%

Pretax margin

58.92%

Profit margin

56.34%

Profit per employee

CNY 385,004

Profitable quarters

Profitable years

Revenue per employee

CNY 683,348

ROA

0.82%

ROA (5Y)

0.94%

ROCE

1.86%

ROE

13.89%

ROE (5Y)

7.93%

ROIC

1.02%

Tax / revenue

2.19%

Metric	Value
EPS growth	92.45%
EPS growth (Q)	114.47%
EPS growth (QoQ)	49.68%
EPS growth 10Y	9.68%
EPS growth 3Y	33.04%
EPS growth 5Y	12.36%
EPS growth quarters	9
EPS growth years	2
Net income growth	92.8%
Net income growth (Q)	113.2%
Net income growth (QoQ)	51.61%
Net income growth 3Y	33.29%
Net income growth 5Y	12.17%
Net income growth quarters	9
Net income growth years	2
OCF growth (Q)	373.95%
OCF growth 10Y	11.29%
OCF growth 3Y	10.42%
OCF growth 5Y	5.33%
Revenue growth	-17.39%
Revenue growth (Q)	2.02%
Revenue growth (QoQ)	16.03%
Revenue growth 10Y	11.74%
Revenue growth 3Y	1.76%
Revenue growth 5Y	13.82%
Revenue growth quarters	2
Revenue growth years	0

Metric

Value

EPS growth

92.45%

EPS growth (Q)

114.47%

EPS growth (QoQ)

49.68%

EPS growth 10Y

9.68%

EPS growth 3Y

33.04%

EPS growth 5Y

12.36%

EPS growth quarters

EPS growth years

Net income growth

92.8%

Net income growth (Q)

113.2%

Net income growth (QoQ)

51.61%

Net income growth 3Y

33.29%

Net income growth 5Y

12.17%

Net income growth quarters

Net income growth years

OCF growth (Q)

373.95%

OCF growth 10Y

11.29%

OCF growth 3Y

10.42%

OCF growth 5Y

5.33%

Revenue growth

-17.39%

Revenue growth (Q)

2.02%

Revenue growth (QoQ)

16.03%

Revenue growth 10Y

11.74%

Revenue growth 3Y

1.76%

Revenue growth 5Y

13.82%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	CNY -1.3B
EBIT	CNY 489.8M
EBITDA	CNY 1.2B
EPS	CNY 1.79
FCF per share	CNY -0.26
Financing cash flow	CNY 927.9M
Free cash flow	CNY -379.1M
Gross profit	CNY 1.2B
Income taxes	CNY 102.3M
Investing cash flow	CNY -1.3B
Net borrowing	CNY 1.6B
Net cash flow	CNY 493.3M
Net income	CNY 2.6B
Operating income	CNY 489.8M
Revenue	CNY 4.7B

Metric

Value

Capital expenditures

CNY -1.3B

EBIT

CNY 489.8M

EBITDA

CNY 1.2B

EPS

CNY 1.79

FCF per share

CNY -0.26

Financing cash flow

CNY 927.9M

Free cash flow

CNY -379.1M

Gross profit

CNY 1.2B

Income taxes

CNY 102.3M

Investing cash flow

CNY -1.3B

Net borrowing

CNY 1.6B

Net cash flow

CNY 493.3M

Net income

CNY 2.6B

Operating income

CNY 489.8M

Revenue

CNY 4.7B

Metric	Value
Book value per share	CNY 13.20
Debt / EBITDA	9.24
Debt / equity	0.55
Goodwill	CNY 24.7M
Interest coverage	1.63
Long-term assets	CNY 31.6B
Long-term liabilities	CNY 6.4B
Net cash (debt)	CNY -8.9B
Net cash / market cap	-58.2%
Net debt / EBITDA	7.49
Net debt / equity	0.44
Piotroski F-Score	3
Property, plant and equipment	CNY 6B
Shareholders' equity	CNY 20B
Tangible book value	CNY 15.1B
Tangible book value per share	CNY 10.26
Total assets	CNY 38.7B
Total cash	CNY 2.2B
Total debt	CNY 11.1B
Total liabilities	CNY 18.7B
WACC	5.39%

Metric

Value

Book value per share

CNY 13.20

Debt / EBITDA

9.24

Debt / equity

0.55

Goodwill

CNY 24.7M

Interest coverage

1.63

Long-term assets

CNY 31.6B

Long-term liabilities

CNY 6.4B

Net cash (debt)

CNY -8.9B

Net cash / market cap

-58.2%

Net debt / EBITDA

7.49

Net debt / equity

0.44

Piotroski F-Score

Property, plant and equipment

CNY 6B

Shareholders' equity

CNY 20B

Tangible book value

CNY 15.1B

Tangible book value per share

CNY 10.26

Total assets

CNY 38.7B

Total cash

CNY 2.2B

Total debt

CNY 11.1B

Total liabilities

CNY 18.7B

WACC

5.39%

Metric	Value
Asset turnover	0.13
Current assets	CNY 7.1B
Current liabilities	CNY 12.3B
Current ratio	0.58
Inventory turnover	26.33
Net working capital	CNY -2.2B
Quick ratio	0.56
Working capital	CNY -5.2B
Working capital turnover	-1.19

Metric

Value

Asset turnover

0.13

Current assets

CNY 7.1B

Current liabilities

CNY 12.3B

Current ratio

0.58

Inventory turnover

26.33

Net working capital

CNY -2.2B

Quick ratio

0.56

Working capital

CNY -5.2B

Working capital turnover

-1.19

Metric	Value
Buyback yield / dilution	-0.18%
Dividend growth	-10.88%
Dividend growth (10Y)	2.53%
Dividend growth (3Y)	20.51%
Dividend growth (5Y)	6.58%
Dividend growth years	1
Dividend payment date	2026-07-15
Dividend payment years	16
Dividend payout frequency	Annual
Dividend per share	CNY 0.39
Dividend yield	3.71%
Ex-dividend date	2026-07-15
Last dividend	CNY 0.39
Payout ratio	15.56%
Shareholder yield	3.53%

Metric

Value

Buyback yield / dilution

-0.18%

Dividend growth

-10.88%

Dividend growth (10Y)

2.53%

Dividend growth (3Y)

20.51%

Dividend growth (5Y)

6.58%

Dividend growth years

Dividend payment date

2026-07-15

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

CNY 0.39

Dividend yield

3.71%

Ex-dividend date

2026-07-15

Last dividend

CNY 0.39

Payout ratio

15.56%

Shareholder yield

3.53%

Metric	Value
10Y price change	-6.49%
10Y return CAGR	2.44%
10Y total return	27.3%
150-day SMA	CNY 11.12
15Y price change	45.18%
15Y return CAGR	5.16%
15Y total return	112.71%
1D price change	0%
1M price change	-3.98%
1M total return	-3.98%
1W price change	0.58%
1W total return	0.58%
1Y price change	-18.65%
1Y return CAGR	-15.76%
1Y total return	-15.75%
20-day SMA	CNY 10.53
200-day SMA	CNY 11.35
3M price change	-5.12%
3M total return	-5.12%
3Y price change	41.22%
3Y return CAGR	16.47%
3Y total return	58%
50-day SMA	CNY 10.91
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 13.74
52-week high date	2025-12-15
52-week low	CNY 10.00
52-week low date	2026-10-23
5Y price change	20.7%
5Y return CAGR	7.64%
5Y total return	44.48%
6M price change	-9.03%
6M total return	-5.78%
All-time high	CNY 22.77
All-time high date	2015-06-15
All-time low	CNY 3.55
All-time low date	2008-11-04
Average true range (ATR)	CNY 0.21
Average volume	8.8M
Beta (1Y)	0.43
Beta (2Y)	0.36
Beta (5Y)	0.58
Change from 52-week high	-24.53%
Change from 52-week low	3.7%
Change from all-time high	-54.41%
Change from all-time low	192.64%
Change from open	2.17%
Day's gap	-2.12%
Dollar volume	CNY 75.8M
High price	CNY 10.48
Low price	CNY 10.15
Monthly RSI	50.16
Open price	CNY 10.15
Position in 52-week range	66.67%
Previous close	CNY 10.37
Price vs 150-day SMA	-6.67%
Price vs 20-day SMA	-1.44%
Price vs 200-day SMA	-8.51%
Price vs 50-day SMA	-4.88%
Relative volume	0.83
RSI	40.31
Sharpe ratio	-0.66
Sharpe ratio (3Y)	0.52
Sharpe ratio (5Y)	0.31
Sortino ratio	-0.8
Sortino ratio (3Y)	1.04
Sortino ratio (5Y)	0.71
Volume	7.3M
Weekly RSI	41.3
YTD price change	-10.9%
YTD total return	-7.72%

Metric

Value

10Y price change

-6.49%

10Y return CAGR

2.44%

10Y total return

27.3%

150-day SMA

CNY 11.12

15Y price change

45.18%

15Y return CAGR

5.16%

15Y total return

112.71%

1D price change

1M price change

-3.98%

1M total return

-3.98%

1W price change

0.58%

1W total return

0.58%

1Y price change

-18.65%

1Y return CAGR

-15.76%

1Y total return

-15.75%

20-day SMA

CNY 10.53

200-day SMA

CNY 11.35

3M price change

-5.12%

3M total return

-5.12%

3Y price change

41.22%

3Y return CAGR

16.47%

3Y total return

58%

50-day SMA

CNY 10.91

50-day SMA vs 200-day SMA

50under200

52-week high

CNY 13.74

52-week high date

2025-12-15

52-week low

CNY 10.00

52-week low date

2026-10-23

5Y price change

20.7%

5Y return CAGR

7.64%

5Y total return

44.48%

6M price change

-9.03%

6M total return

-5.78%

All-time high

CNY 22.77

All-time high date

2015-06-15

All-time low

CNY 3.55

All-time low date

2008-11-04

Average true range (ATR)

CNY 0.21

Average volume

8.8M

Beta (1Y)

0.43

Beta (2Y)

0.36

Beta (5Y)

0.58

Change from 52-week high

-24.53%

Change from 52-week low

3.7%

Change from all-time high

-54.41%

Change from all-time low

192.64%

Change from open

2.17%

Day's gap

-2.12%

Dollar volume

CNY 75.8M

High price

CNY 10.48

Low price

CNY 10.15

Monthly RSI

50.16

Open price

CNY 10.15

Position in 52-week range

66.67%

Previous close

CNY 10.37

Price vs 150-day SMA

-6.67%

Price vs 20-day SMA

-1.44%

Price vs 200-day SMA

-8.51%

Price vs 50-day SMA

-4.88%

Relative volume

0.83

RSI

40.31

Sharpe ratio

-0.66

Sharpe ratio (3Y)

0.52

Sharpe ratio (5Y)

0.31

Sortino ratio

-0.8

Sortino ratio (3Y)

1.04

Sortino ratio (5Y)

0.71

Volume

7.3M

Weekly RSI

41.3

YTD price change

-10.9%

YTD total return

-7.72%

Metric	Value
Float	809.9M
Shares change (QoQ)	1.29%
Shares change (YoY)	0.18%
Shares held by insiders	0%
Shares held by institutions	20.51%
Shares outstanding	1.5B

Metric

Value

Float

809.9M

Shares change (QoQ)

1.29%

Shares change (YoY)

0.18%

Shares held by insiders

Shares held by institutions

20.51%

Shares outstanding

1.5B

SHE/000685 (SHE/000685)

Price

Financial snapshot

Fair-value bridge

Latest news · SHE/000685

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHE/000685 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 SHE/000685

Frequently asked questions