SHE/002946 (SHE/002946)

Shenzhen Stock Exchange: SHE/002946 · CNY

CN¥14.3

+0.07 (+0.5%)· Recorded snapshot

Market cap	12.3B
Revenue (ttm)	11.5B
Net income (ttm)	799.5M
EPS (ttm)	CN¥0.93
Shares out	860.7M
P/E (trailing)	15.3x
P/E (forward)	14.2x
Dividend	CN¥0.45 (3.16%)
Volume	9,467,862
Beta	0.29

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 11.5B
Net income (ttm): 799.5M
EPS (ttm): CN¥0.93
P/E (trailing): 15.3x
P/E (forward): 14.2x
Market cap: 12.3B

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/E14.2

P25 n/aP50 n/aP75 n/a

Trailing P/E15.3

P25 n/aP50 n/aP75 n/a

ROE23.3

P25 n/aP50 n/aP75 n/a

ROIC16.2

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHE/002946 indicators

Market & fundamental data

Available fields

248

Groups with data

Currency

CNY

Showing 248 of 248 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	2026-10-30
Employees	8,274
Employees change	-390
Employees growth	-4.5%
Enterprise value	CNY 14.2B
Exchange	Shenzhen Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	2006
Industry	Packaged Foods
Is primary listing	Yes
ISIN number	CNE100003JJ1
Last earnings date	2026-08-27
Last refreshed	2026-10-28
Market cap	CNY 12.3B
Next earnings date	2026-10-30
Price	CNY 14.26
Price currency	CNY
Sector	Consumer Staples
SIC code	2020
Stock price date	2026-10-28
Symbol	she/002946
Website	https://newhopedairy.cn

Valuation

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

Metric	Value
Average P/E ratio (10Y)	35.17x
Average P/E ratio (3Y)	21.27x
Average P/E ratio (5Y)	26.33x
Earnings yield	6.52%
EV/Earnings	17.76x
EV/EBIT	12.97x
EV/EBITDA	9.3x
EV/FCF	14.2x
EV/Sales	1.23x
FCF / EV yield	7.04%
FCF yield	8.15%
Forward P/E	14.2x
Graham number	9.39734
Graham upside	-34.1%
Industry forward P/E	20.04x
Industry P/E	36.61x
Lynch fair value	CNY 17.32
Lynch upside	21.45%
P/B ratio	3.31x
P/E ratio	15.33x
P/FCF ratio	12.27x
P/OCF ratio	7.61x
P/S ratio	1.07x
Price / tangible book value	5.9x
Price/EBITDA ratio	8.13x
Sector forward P/E	19.11x
Sector P/E	30.51x

Profitability

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

Metric	Value
EBIT margin	9.51%
EBITDA margin	13.1%
Effective tax rate	15.83%
FCF margin	8.68%
Gross margin	29.06%
Operating margin	9.51%
Pretax margin	8.47%
Profit margin	6.94%
Profit per employee	CNY 96,631
Profitable quarters	25
Profitable years	12
Revenue per employee	CNY 1.4M
ROA	7.86%
ROA (5Y)	4.73%
ROCE	24.71%
ROE	23.28%
ROE (5Y)	16.34%
ROIC	16.22%
ROIC (5Y)	9.97%
Tax / revenue	1.34%

Growth

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

Metric	Value
EPS growth	25.75%
EPS growth (Q)	1.08%
EPS growth (QoQ)	44.74%
EPS growth 3Y	24.73%
EPS growth 5Y	18.37%
EPS growth years	6
FCF growth	17.08%
FCF growth (Q)	-2.94%
FCF growth (QoQ)	163.84%
FCF growth 3Y	16.21%
FCF growth 5Y	18.44%
Gross profit growth	7.46%
Gross profit growth (Q)	-0.9%
Gross profit growth 3Y	8.84%
Gross profit growth 5Y	12.93%
Net income growth	25.36%
Net income growth (Q)	5.78%
Net income growth (QoQ)	49.42%
Net income growth 3Y	25.06%
Net income growth 5Y	18.62%
Net income growth quarters	10
Net income growth years	9
OCF growth	10.86%
OCF growth (Q)	-4.43%
OCF growth (QoQ)	62.5%
OCF growth 3Y	7.12%
OCF growth 5Y	7.26%
Operating income growth	11.73%
Operating income growth (Q)	18.29%
Operating income growth 3Y	22.05%
Operating income growth 5Y	23.44%
Revenue growth	6.41%
Revenue growth (Q)	2.39%
Revenue growth (QoQ)	4.48%
Revenue growth 3Y	3.06%
Revenue growth 5Y	6.25%
Revenue growth quarters	6
Revenue growth years	1

Financial statements

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

Metric	Value
Capital expenditures	CNY -613M
Depreciation and amortization	CNY 414.1M
EBIT	CNY 1.1B
EBITDA	CNY 1.5B
EPS	CNY 0.93
FCF per share	CNY 1.16
Financing cash flow	CNY -1.4B
Free cash flow	CNY 1B
Gross profit	CNY 3.3B
Income taxes	CNY 154.6M
Investing cash flow	CNY -263.3M
Net borrowing	CNY -887.8M
Net cash flow	CNY -60.8M
Net income	CNY 799.5M
Operating income	CNY 1.1B
Revenue	CNY 11.5B

Financial strength

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

Metric	Value
Altman Z-Score	3.84
Book value per share	CNY 4.22
Debt / EBITDA	1.44
Debt / equity	0.59
Debt / FCF	2.2
Goodwill	CNY 992.5M
Interest coverage	13.66
Long-term assets	CNY 6.7B
Long-term liabilities	CNY 725.4M
Net cash (debt)	CNY -1.9B
Net cash / market cap	-15.1%
Net debt / EBITDA	1.23
Net debt / equity	0.5
Net debt / FCF	1.85
Piotroski F-Score	7
Property, plant and equipment	CNY 3.9B
Shareholders' equity	CNY 3.7B
Tangible book value	CNY 2.1B
Tangible book value per share	CNY 2.42
Total assets	CNY 8.5B
Total cash	CNY 345.5M
Total debt	CNY 2.2B
Total liabilities	CNY 4.8B
WACC	5.44%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.32
Current assets	CNY 1.8B
Current liabilities	CNY 4.1B
Current ratio	0.45
Inventory turnover	15.49
Net working capital	CNY -998M
Quick ratio	0.3
Working capital	CNY -2.2B
Working capital turnover	-5.67

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	0.31%
Dividend growth	57.89%
Dividend growth (3Y)	74.29%
Dividend growth (5Y)	45.09%
Dividend growth years	5
Dividend payment date	2026-06-09
Dividend payment years	8
Dividend payout frequency	Semi-Annual
Dividend per share	CNY 0.45
Dividend yield	3.16%
Ex-dividend date	2026-06-09
FCF payout ratio	38.72%
Last dividend	CNY 0.38
Payout ratio	57.25%
Shareholder yield	3.46%

Performance and technicals

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

Metric	Value
150-day SMA	CNY 16.40
1D price change	0.49%
1M price change	-0.49%
1M total return	-0.49%
1W price change	-10.03%
1W total return	-10.03%
1Y price change	-15.22%
1Y return CAGR	-12.9%
1Y total return	-12.9%
20-day SMA	CNY 14.90
200-day SMA	CNY 17.00
3M price change	-6.92%
3M total return	-6.92%
3Y price change	3.18%
3Y return CAGR	3.15%
3Y total return	9.75%
50-day SMA	CNY 15.17
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 20.20
52-week high date	2026-03-06
52-week low	CNY 12.91
52-week low date	2026-06-26
5Y price change	-1.86%
5Y return CAGR	1.1%
5Y total return	5.61%
6M price change	-23.29%
6M total return	-21.49%
All-time high	CNY 25.92
All-time high date	2020-08-05
All-time low	CNY 6.54
All-time low date	2019-01-25
Average true range (ATR)	CNY 0.57
Average volume	7.2M
Beta (1Y)	0.02
Beta (2Y)	-0.24
Beta (5Y)	0.29
Change from 52-week high	-29.41%
Change from 52-week low	10.46%
Change from all-time high	-44.98%
Change from all-time low	118.04%
Change from open	-3.45%
Day's gap	4.09%
Dollar volume	CNY 135M
High price	CNY 14.77
Low price	CNY 14.01
Monthly RSI	45.71
Open price	CNY 14.77
Position in 52-week range	32.89%
Previous close	CNY 14.19
Price vs 150-day SMA	-13.02%
Price vs 20-day SMA	-4.32%
Price vs 200-day SMA	-16.1%
Price vs 50-day SMA	-5.97%
Relative volume	1.37
RSI	40.35
Sharpe ratio	-0.42
Sharpe ratio (3Y)	0.13
Sharpe ratio (5Y)	0.12
Sortino ratio	-0.45
Sortino ratio (3Y)	0.35
Sortino ratio (5Y)	0.35
Volume	9.5M
Weekly RSI	41.57
YTD price change	-23.04%
YTD total return	-20.93%

Ownership and float

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

Metric	Value
Float	186.5M
Shares change (QoQ)	3.23%
Shares change (YoY)	-0.31%
Shares held by insiders	78.02%
Shares held by institutions	7.72%
Shares outstanding	860.7M

Deeper analysis on SHE/002946

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.

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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 SHE/002946 report

Is a complete SHE/002946 research report available?

No complete published report is available for she/002946 (SHE/002946) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHE/002946 (SHE/002946)

Price

Financial snapshot

Fair-value bridge

Latest news · SHE/002946

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHE/002946 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/002946

Frequently asked questions