SHA/600403 (SHA/600403)

Shanghai Stock Exchange: SHA/600403 · CNY

CN¥5.93

+0.02 (+0.3%)· Recorded snapshot

Market cap	14.2B
Revenue (ttm)	4.4B
Net income (ttm)	-1.8B
EPS (ttm)	-CN¥0.76
Shares out	2.4B
Volume	51,271,301
Beta	0.78

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 4.4B
Net income (ttm): -1.8B
EPS (ttm): -CN¥0.76
Market cap: 14.2B

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/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/En/a

P25 n/aP50 n/aP75 n/a

ROE-41.2

P25 n/aP50 n/aP75 n/a

ROIC-15

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

S&P 500+0.5%

Nasdaq Composite-2.4%

Dow Jones Industrial Average+1.8%

Russell 2000+1.8%

All SHA/600403 indicators

Market & fundamental data

Available fields

196

Groups with data

Currency

CNY

Showing 196 of 196 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	23,243
Employees change	-481
Employees growth	-2.03%
Enterprise value	CNY 18.9B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1998
Industry	Thermal Coal
Is primary listing	Yes
ISIN number	CNE000001G12
Last earnings date	2026-08-25
Last refreshed	2026-10-28
Last stock split date	2013-06-17
Last stock split type	Forward
Market cap	CNY 14.2B
Next earnings date	2026-10-31
Price	CNY 5.93
Price currency	CNY
Sector	Energy
SIC code	1220
Stock price date	2026-10-28
Symbol	sha/600403
Website	https://dyny.hnecgc.com.cn

Valuation

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

Metric	Value
Earnings yield	-12.75%
EV/Sales	4.35x
FCF / EV yield	-4.45%
FCF yield	-5.94%
Industry forward P/E	13.77x
Industry P/E	15.95x
P/B ratio	3.85x
P/S ratio	3.26x
Sector forward P/E	13.62x
Sector P/E	19.48x

Profitability

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

Metric	Value
EBIT margin	-27.71%
EBITDA margin	-3.9%
Gross margin	-2%
Operating margin	-27.71%
Pretax margin	-39.61%
Profit margin	-41.53%
Profit per employee	CNY -77,767
Revenue per employee	CNY 187,264
ROA	-3.78%
ROA (5Y)	0.85%
ROCE	-17.3%
ROE	-41.22%
ROE (5Y)	-3.55%
ROIC	-15.03%
ROIC (5Y)	2.77%
Tax / revenue	4.06%

Growth

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

Metric	Value
EPS growth quarters	1
EPS growth years	0
Net income growth quarters	1
Net income growth years	0
Revenue growth	2.4%
Revenue growth (Q)	38.75%
Revenue growth (QoQ)	18.35%
Revenue growth 10Y	2.68%
Revenue growth 3Y	-18.04%
Revenue growth 5Y	-11.35%
Revenue growth quarters	1
Revenue growth years	0

Financial statements

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

Metric	Value
Capital expenditures	CNY -324M
Depreciation and amortization	CNY 1B
EBIT	CNY -1.2B
EBITDA	CNY -169.8M
EPS	CNY -0.76
FCF per share	CNY -0.35
Financing cash flow	CNY 541.1M
Free cash flow	CNY -842.7M
Gross profit	CNY -86.9M
Income taxes	CNY 176.8M
Investing cash flow	CNY -314.7M
Net borrowing	CNY 3.4B
Net cash flow	CNY -292.3M
Net income	CNY -1.8B
Operating income	CNY -1.2B
Revenue	CNY 4.4B

Financial strength

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

Metric	Value
Altman Z-Score	0.14
Book value per share	CNY 1.29
Debt / equity	2.19
Interest coverage	-5.31
Long-term assets	CNY 14.3B
Long-term liabilities	CNY 3.3B
Net cash (debt)	CNY -4.2B
Net cash / market cap	-29.3%
Net debt / equity	1.13
Piotroski F-Score	2
Property, plant and equipment	CNY 8.7B
Shareholders' equity	CNY 3.7B
Tangible book value	CNY -1.3B
Tangible book value per share	CNY -0.53
Total assets	CNY 19.3B
Total cash	CNY 3.9B
Total debt	CNY 8.1B
Total liabilities	CNY 15.7B
WACC	6.25%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.22
Current assets	CNY 5B
Current liabilities	CNY 12.4B
Current ratio	0.41
Inventory turnover	24.96
Net working capital	CNY -5.1B
Quick ratio	0.39
Working capital	CNY -7.3B
Working capital turnover	-0.63

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	0.02%
Dividend growth (10Y)	-0.45%
Dividend growth (3Y)	253.91%
Dividend growth (5Y)	47.78%
Dividend per share	CNY 0.00
Last dividend	CNY 0.43
Shareholder yield	0.02%

Performance and technicals

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

Metric	Value
10Y price change	0.17%
10Y return CAGR	1.98%
10Y total return	21.62%
150-day SMA	CNY 6.19
15Y price change	-57.82%
15Y return CAGR	-3.87%
15Y total return	-44.7%
1D price change	0.34%
1M price change	-17.52%
1M total return	-17.52%
1W price change	-6.17%
1W total return	-6.17%
1Y price change	-36.1%
1Y return CAGR	-36.12%
1Y total return	-36.1%
20-day SMA	CNY 6.78
200-day SMA	CNY 6.43
3M price change	6.27%
3M total return	6.27%
3Y price change	53.63%
3Y return CAGR	15.38%
3Y total return	53.63%
50-day SMA	CNY 6.88
50-day SMA vs 200-day SMA	50over200
52-week high	CNY 12.00
52-week high date	2025-11-18
52-week low	CNY 4.60
52-week low date	2026-07-10
5Y price change	53.63%
5Y return CAGR	12.42%
5Y total return	79.52%
6M price change	3.85%
6M total return	3.85%
All-time high	CNY 15.60
All-time high date	2011-11-03
All-time low	CNY 2.29
All-time low date	2024-09-11
Average true range (ATR)	CNY 0.46
Average volume	89.3M
Beta (1Y)	0.26
Beta (2Y)	0.54
Beta (5Y)	0.78
Change from 52-week high	-50.58%
Change from 52-week low	28.91%
Change from all-time high	-61.99%
Change from all-time low	158.95%
Change from open	-0.17%
Day's gap	0.51%
Dollar volume	CNY 304M
High price	CNY 6.04
Low price	CNY 5.82
Monthly RSI	53.17
Open price	CNY 5.94
Position in 52-week range	50%
Previous close	CNY 5.91
Price vs 150-day SMA	-4.18%
Price vs 20-day SMA	-12.49%
Price vs 200-day SMA	-7.8%
Price vs 50-day SMA	-13.83%
Relative volume	0.56
RSI	38.2
Sharpe ratio	0.58
Sharpe ratio (3Y)	0.42
Sharpe ratio (5Y)	0.45
Sortino ratio	0.96
Sortino ratio (3Y)	0.75
Sortino ratio (5Y)	0.8
Volume	51.3M
Weekly RSI	47.43
YTD price change	-15.04%
YTD total return	-15.04%

Ownership and float

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

Metric	Value
Float	335M
Shares change (QoQ)	-0.02%
Shares change (YoY)	-0.02%
Shares held by insiders	0.96%
Shares held by institutions	1.43%
Shares outstanding	2.4B

Deeper analysis on SHA/600403

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.

→

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/600403 report

Is a complete SHA/600403 research report available?

No complete published report is available for sha/600403 (SHA/600403) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

14.2B

Revenue (ttm)

4.4B

Net income (ttm)

-1.8B

EPS (ttm)

-CN¥0.76

Shares out

2.4B

Volume

51,271,301

Beta

0.78

Metric

Value

Amount currency

CNY

Country

China

Country code

Earnings date

2026-10-31

Employees

23,243

Employees change

-481

Employees growth

-2.03%

Enterprise value

CNY 18.9B

Exchange

Shanghai Stock Exchange

Financial currency

CNY

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1998

Industry

Thermal Coal

Is primary listing

Yes

ISIN number

CNE000001G12

Last earnings date

2026-08-25

Last refreshed

2026-10-28

Last stock split date

2013-06-17

Last stock split type

Forward

Market cap

CNY 14.2B

Next earnings date

2026-10-31

Price

CNY 5.93

Price currency

CNY

Sector

Energy

SIC code

1220

Stock price date

2026-10-28

Symbol

sha/600403

Website

https://dyny.hnecgc.com.cn

Metric

Value

Earnings yield

-12.75%

EV/Sales

4.35x

FCF / EV yield

-4.45%

FCF yield

-5.94%

Industry forward P/E

13.77x

Industry P/E

15.95x

P/B ratio

3.85x

P/S ratio

3.26x

Sector forward P/E

13.62x

Sector P/E

19.48x

Metric

Value

EBIT margin

-27.71%

EBITDA margin

-3.9%

Gross margin

-2%

Operating margin

-27.71%

Pretax margin

-39.61%

Profit margin

-41.53%

Profit per employee

CNY -77,767

Revenue per employee

CNY 187,264

ROA

-3.78%

ROA (5Y)

0.85%

ROCE

-17.3%

ROE

-41.22%

ROE (5Y)

-3.55%

ROIC

-15.03%

ROIC (5Y)

2.77%

Tax / revenue

4.06%

Metric

Value

EPS growth quarters

EPS growth years

Net income growth quarters

Net income growth years

Revenue growth

2.4%

Revenue growth (Q)

38.75%

Revenue growth (QoQ)

18.35%

Revenue growth 10Y

2.68%

Revenue growth 3Y

-18.04%

Revenue growth 5Y

-11.35%

Revenue growth quarters

Revenue growth years

Metric

Value

Capital expenditures

CNY -324M

Depreciation and amortization

CNY 1B

EBIT

CNY -1.2B

EBITDA

CNY -169.8M

EPS

CNY -0.76

FCF per share

CNY -0.35

Financing cash flow

CNY 541.1M

Free cash flow

CNY -842.7M

Gross profit

CNY -86.9M

Income taxes

CNY 176.8M

Investing cash flow

CNY -314.7M

Net borrowing

CNY 3.4B

Net cash flow

CNY -292.3M

Net income

CNY -1.8B

Operating income

CNY -1.2B

Revenue

CNY 4.4B

Metric

Value

Altman Z-Score

0.14

Book value per share

CNY 1.29

Debt / equity

2.19

Interest coverage

-5.31

Long-term assets

CNY 14.3B

Long-term liabilities

CNY 3.3B

Net cash (debt)

CNY -4.2B

Net cash / market cap

-29.3%

Net debt / equity

1.13

Piotroski F-Score

Property, plant and equipment

CNY 8.7B

Shareholders' equity

CNY 3.7B

Tangible book value

CNY -1.3B

Tangible book value per share

CNY -0.53

Total assets

CNY 19.3B

Total cash

CNY 3.9B

Total debt

CNY 8.1B

Total liabilities

CNY 15.7B

WACC

6.25%

Metric

Value

Asset turnover

0.22

Current assets

CNY 5B

Current liabilities

CNY 12.4B

Current ratio

0.41

Inventory turnover

24.96

Net working capital

CNY -5.1B

Quick ratio

0.39

Working capital

CNY -7.3B

Working capital turnover

-0.63

Metric

Value

Buyback yield / dilution

0.02%

Dividend growth (10Y)

-0.45%

Dividend growth (3Y)

253.91%

Dividend growth (5Y)

47.78%

Dividend per share

CNY 0.00

Last dividend

CNY 0.43

Shareholder yield

0.02%

Metric

Value

10Y price change

0.17%

10Y return CAGR

1.98%

10Y total return

21.62%

150-day SMA

CNY 6.19

15Y price change

-57.82%

15Y return CAGR

-3.87%

15Y total return

-44.7%

1D price change

0.34%

1M price change

-17.52%

1M total return

-17.52%

1W price change

-6.17%

1W total return

-6.17%

1Y price change

-36.1%

1Y return CAGR

-36.12%

1Y total return

-36.1%

20-day SMA

CNY 6.78

200-day SMA

CNY 6.43

3M price change

6.27%

3M total return

6.27%

3Y price change

53.63%

3Y return CAGR

15.38%

3Y total return

53.63%

50-day SMA

CNY 6.88

50-day SMA vs 200-day SMA

50over200

52-week high

CNY 12.00

52-week high date

2025-11-18

52-week low

CNY 4.60

52-week low date

2026-07-10

5Y price change

53.63%

5Y return CAGR

12.42%

5Y total return

79.52%

6M price change

3.85%

6M total return

3.85%

All-time high

CNY 15.60

All-time high date

2011-11-03

All-time low

CNY 2.29

All-time low date

2024-09-11

Average true range (ATR)

CNY 0.46

Average volume

89.3M

Beta (1Y)

0.26

Beta (2Y)

0.54

Beta (5Y)

0.78

Change from 52-week high

-50.58%

Change from 52-week low

28.91%

Change from all-time high

-61.99%

Change from all-time low

158.95%

Change from open

-0.17%

Day's gap

0.51%

Dollar volume

CNY 304M

High price

CNY 6.04

Low price

CNY 5.82

Monthly RSI

53.17

Open price

CNY 5.94

Position in 52-week range

50%

Previous close

CNY 5.91

Price vs 150-day SMA

-4.18%

Price vs 20-day SMA

-12.49%

Price vs 200-day SMA

-7.8%

Price vs 50-day SMA

-13.83%

Relative volume

0.56

RSI

38.2

Sharpe ratio

0.58

Sharpe ratio (3Y)

0.42

Sharpe ratio (5Y)

0.45

Sortino ratio

0.96

Sortino ratio (3Y)

0.75

Sortino ratio (5Y)

0.8

Volume

51.3M

Weekly RSI

47.43

YTD price change

-15.04%

YTD total return

-15.04%

Metric

Value

Float

335M

Shares change (QoQ)

-0.02%

Shares change (YoY)

-0.02%

Shares held by insiders

0.96%

Shares held by institutions

1.43%

Shares outstanding

2.4B

SHA/600403 (SHA/600403)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600403

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600403 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/600403

Frequently asked questions

SHA/600403 (SHA/600403)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600403

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600403 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/600403

Frequently asked questions