SHA/600640 (SHA/600640)

Shanghai Stock Exchange: SHA/600640 · CNY

CN¥11.3

+0.34 (+3.1%)· Recorded snapshot

Market cap	9B
Revenue (ttm)	1.8B
Net income (ttm)	27.6M
EPS (ttm)	CN¥0.03
Shares out	791.6M
P/E (trailing)	324.0x
Dividend	CN¥0.02 (0.16%)
Volume	15,203,512
Beta	0.77

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 1.8B
Net income (ttm): 27.6M
EPS (ttm): CN¥0.03
P/E (trailing): 324.0x
Market cap: 9B

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/E324

P25 n/aP50 n/aP75 n/a

ROE0.6

P25 n/aP50 n/aP75 n/a

ROIC-0.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

S&P 500+0.8%

Nasdaq Composite-1.0%

Dow Jones Industrial Average+1.9%

Russell 2000+0.3%

All SHA/600640 indicators

Market & fundamental data

Available fields

241

Groups with data

Currency

CNY

Showing 241 of 241 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	2026-10-24
Employees	1,403
Employees change	-251
Employees growth	-15.18%
Enterprise value	CNY 7.5B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	1983
Industry	Telecom Services
Is primary listing	Yes
ISIN number	CNE0000005N4
Last earnings date	2026-10-24
Last refreshed	2026-10-28
Last stock split date	2006-04-25
Last stock split type	Forward
Market cap	CNY 9B
Next earnings date	2026-11-04
Price	CNY 11.32
Price currency	CNY
Sector	Communication Services
SIC code	7374
Stock price date	2026-10-28
Symbol	sha/600640
Website	https://www.new-gm.cn

Valuation

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

Metric	Value
Average P/E ratio (10Y)	363.52x
Average P/E ratio (3Y)	624.63x
Earnings yield	0.31%
EV/Earnings	272.12x
EV/FCF	147.84x
EV/Sales	4.2x
FCF / EV yield	0.68%
FCF yield	0.57%
Graham number	2.00052
Graham upside	-82.33%
Industry P/E	47.68x
P/B ratio	2.02x
P/E ratio	323.97x
P/FCF ratio	176.1x
P/OCF ratio	128.59x
P/S ratio	5x
Price / tangible book value	2.33x
Price/EBITDA ratio	751.08x
Sector forward P/E	15.97x
Sector P/E	53.73x

Profitability

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

Metric	Value
EBIT margin	-1.38%
EBITDA margin	0.67%
Effective tax rate	60.86%
FCF margin	2.84%
Gross margin	18.03%
Operating margin	-1.38%
Pretax margin	3.72%
Profit margin	1.54%
Profit per employee	CNY 19,703
Profitable quarters	10
Profitable years	3
Revenue per employee	CNY 1.3M
ROA	-0.28%
ROA (5Y)	-1.59%
ROCE	-0.56%
ROE	0.59%
ROE (5Y)	-2.15%
ROIC	-0.5%
ROIC (5Y)	-4.7%
Tax / revenue	2.26%

Growth

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

Metric	Value
EPS growth	29.38%
EPS growth (Q)	81.02%
EPS growth (QoQ)	29.86%
EPS growth 10Y	-15.54%
EPS growth years	4
FCF growth	-67.39%
FCF growth 3Y	-45.95%
FCF growth 5Y	43.12%
Gross profit growth	-2.15%
Gross profit growth (Q)	-11.62%
Gross profit growth 3Y	3.08%
Gross profit growth 5Y	-3.84%
Net income growth	28.65%
Net income growth (Q)	75.78%
Net income growth (QoQ)	26.58%
Net income growth years	4
OCF growth	-60.59%
OCF growth 10Y	-18.73%
OCF growth 3Y	-43.48%
OCF growth 5Y	-11.63%
Operating income growth (Q)	-51.76%
Revenue growth	-11.27%
Revenue growth (Q)	-6.78%
Revenue growth (QoQ)	-6.49%
Revenue growth 10Y	-8.5%
Revenue growth 3Y	-9.43%
Revenue growth 5Y	-18.12%
Revenue growth years	0

Financial statements

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

Metric	Value
Capital expenditures	CNY -18.8M
Depreciation and amortization	CNY 36.6M
EBIT	CNY -24.7M
EBITDA	CNY 11.9M
EPS	CNY 0.03
FCF per share	CNY 0.06
Financing cash flow	CNY -69.9M
Free cash flow	CNY 50.9M
Gross profit	CNY 323.1M
Income taxes	CNY 40.5M
Investing cash flow	CNY -28.2M
Net borrowing	CNY -5.5M
Net cash flow	CNY -28.4M
Net income	CNY 27.6M
Operating income	CNY -24.7M
Revenue	CNY 1.8B

Financial strength

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

Metric	Value
Book value per share	CNY 5.09
Debt / EBITDA	0.54
Debt / equity	0
Debt / FCF	0.21
Goodwill	CNY 95,521
Long-term assets	CNY 1.6B
Long-term liabilities	CNY 10.9M
Net cash (debt)	CNY 1.9B
Net cash / market cap	21.51%
Net cash growth	91.37%
Net debt / EBITDA	-161.57
Net debt / equity	-0.44
Net debt / FCF	-37.88
Piotroski F-Score	5
Property, plant and equipment	CNY 381.6M
Shareholders' equity	CNY 4.4B
Tangible book value	CNY 3.8B
Tangible book value per share	CNY 4.97
Total assets	CNY 5.6B
Total cash	CNY 1.9B
Total debt	CNY 10.6M
Total liabilities	CNY 1.2B
WACC	8.5%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.32
Current assets	CNY 4.1B
Current liabilities	CNY 1.2B
Current ratio	3.4
Inventory turnover	43.56
Net working capital	CNY 936M
Quick ratio	2.25
Working capital	CNY 2.9B
Working capital turnover	0.75

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	0.57%
Dividend growth	100%
Dividend growth (10Y)	-3.61%
Dividend growth (3Y)	108.01%
Dividend growth (5Y)	35.1%
Dividend growth years	1
Dividend payment date	2026-08-03
Dividend payment years	3
Dividend payout frequency	Annual
Dividend per share	CNY 0.02
Dividend yield	0.16%
Ex-dividend date	2026-08-03
FCF payout ratio	9.8%
Last dividend	CNY 0.02
Payout ratio	51.46%
Shareholder yield	0.72%

Performance and technicals

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

Metric	Value
10Y price change	-51.29%
10Y return CAGR	-6.72%
10Y total return	-50.1%
150-day SMA	CNY 11.43
15Y price change	18.58%
15Y return CAGR	1.35%
15Y total return	22.31%
1D price change	3.1%
1M price change	-9.7%
1M total return	-9.7%
1W price change	-6.15%
1W total return	-6.15%
1Y price change	-25.71%
1Y return CAGR	-25.6%
1Y total return	-25.59%
20-day SMA	CNY 12.22
200-day SMA	CNY 11.98
20Y price change	69.44%
20Y return CAGR	2.92%
20Y total return	77.66%
3M price change	12.39%
3M total return	12.57%
3Y price change	10.13%
3Y return CAGR	3.36%
3Y total return	10.41%
50-day SMA	CNY 11.47
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 16.50
52-week high date	2026-01-13
52-week low	CNY 9.57
52-week low date	2026-07-01
5Y price change	7.65%
5Y return CAGR	1.54%
5Y total return	7.92%
6M price change	-14.49%
6M total return	-14.34%
All-time high	CNY 38.84
All-time high date	2015-06-18
All-time low	CNY 2.15
All-time low date	2005-07-19
Average true range (ATR)	CNY 0.65
Average volume	20.5M
Beta (1Y)	0.87
Beta (2Y)	0.85
Beta (5Y)	0.77
Change from 52-week high	-31.39%
Change from 52-week low	18.29%
Change from all-time high	-71.73%
Change from all-time low	409.99%
Change from open	2.17%
Day's gap	0.91%
Dollar volume	CNY 172.1M
High price	CNY 11.48
Low price	CNY 10.87
Monthly RSI	46.03
Open price	CNY 11.08
Position in 52-week range	73.77%
Previous close	CNY 10.98
Price vs 150-day SMA	-3.94%
Price vs 20-day SMA	-10.17%
Price vs 200-day SMA	-8.37%
Price vs 50-day SMA	-4.31%
Relative volume	0.74
RSI	40.04
Sharpe ratio	-0.47
Sharpe ratio (3Y)	0.15
Sharpe ratio (5Y)	0.12
Sortino ratio	-0.56
Sortino ratio (3Y)	0.36
Sortino ratio (5Y)	0.31
Volume	15.2M
Weekly RSI	46.19
YTD price change	-12.58%
YTD total return	-12.44%

Ownership and float

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

Metric	Value
Float	235.6M
Shares change (QoQ)	-2.53%
Shares change (YoY)	-0.57%
Shares held by institutions	3.58%
Shares outstanding	791.6M

Deeper analysis on SHA/600640

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/600640 report

Is a complete SHA/600640 research report available?

No complete published report is available for sha/600640 (SHA/600640) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

Revenue (ttm)

1.8B

Net income (ttm)

27.6M

EPS (ttm)

CN¥0.03

Shares out

791.6M

P/E (trailing)

324.0x

Dividend

CN¥0.02 (0.16%)

Volume

15,203,512

Beta

0.77

Metric

Value

Amount currency

CNY

Country

China

Country code

Earnings date

2026-10-24

Employees

1,403

Employees change

-251

Employees growth

-15.18%

Enterprise value

CNY 7.5B

Exchange

Shanghai Stock Exchange

Financial currency

CNY

Financial report date

2026-09-30

First seen

2026-05-10

Fiscal year end

December

Founded

1983

Industry

Telecom Services

Is primary listing

Yes

ISIN number

CNE0000005N4

Last earnings date

2026-10-24

Last refreshed

2026-10-28

Last stock split date

2006-04-25

Last stock split type

Forward

Market cap

CNY 9B

Next earnings date

2026-11-04

Price

CNY 11.32

Price currency

CNY

Sector

Communication Services

SIC code

7374

Stock price date

2026-10-28

Symbol

sha/600640

Website

https://www.new-gm.cn

Metric

Value

Average P/E ratio (10Y)

363.52x

Average P/E ratio (3Y)

624.63x

Earnings yield

0.31%

EV/Earnings

272.12x

EV/FCF

147.84x

EV/Sales

4.2x

FCF / EV yield

0.68%

FCF yield

0.57%

Graham number

2.00052

Graham upside

-82.33%

Industry P/E

47.68x

P/B ratio

2.02x

P/E ratio

323.97x

P/FCF ratio

176.1x

P/OCF ratio

128.59x

P/S ratio

Price / tangible book value

2.33x

Price/EBITDA ratio

751.08x

Sector forward P/E

15.97x

Sector P/E

53.73x

Metric

Value

EBIT margin

-1.38%

EBITDA margin

0.67%

Effective tax rate

60.86%

FCF margin

2.84%

Gross margin

18.03%

Operating margin

-1.38%

Pretax margin

3.72%

Profit margin

1.54%

Profit per employee

CNY 19,703

Profitable quarters

Profitable years

Revenue per employee

CNY 1.3M

ROA

-0.28%

ROA (5Y)

-1.59%

ROCE

-0.56%

ROE

0.59%

ROE (5Y)

-2.15%

ROIC

-0.5%

ROIC (5Y)

-4.7%

Tax / revenue

2.26%

Metric

Value

EPS growth

29.38%

EPS growth (Q)

81.02%

EPS growth (QoQ)

29.86%

EPS growth 10Y

-15.54%

EPS growth years

FCF growth

-67.39%

FCF growth 3Y

-45.95%

FCF growth 5Y

43.12%

Gross profit growth

-2.15%

Gross profit growth (Q)

-11.62%

Gross profit growth 3Y

3.08%

Gross profit growth 5Y

-3.84%

Net income growth

28.65%

Net income growth (Q)

75.78%

Net income growth (QoQ)

26.58%

Net income growth years

OCF growth

-60.59%

OCF growth 10Y

-18.73%

OCF growth 3Y

-43.48%

OCF growth 5Y

-11.63%

Operating income growth (Q)

-51.76%

Revenue growth

-11.27%

Revenue growth (Q)

-6.78%

Revenue growth (QoQ)

-6.49%

Revenue growth 10Y

-8.5%

Revenue growth 3Y

-9.43%

Revenue growth 5Y

-18.12%

Revenue growth years

Metric

Value

Capital expenditures

CNY -18.8M

Depreciation and amortization

CNY 36.6M

EBIT

CNY -24.7M

EBITDA

CNY 11.9M

EPS

CNY 0.03

FCF per share

CNY 0.06

Financing cash flow

CNY -69.9M

Free cash flow

CNY 50.9M

Gross profit

CNY 323.1M

Income taxes

CNY 40.5M

Investing cash flow

CNY -28.2M

Net borrowing

CNY -5.5M

Net cash flow

CNY -28.4M

Net income

CNY 27.6M

Operating income

CNY -24.7M

Revenue

CNY 1.8B

Metric

Value

Book value per share

CNY 5.09

Debt / EBITDA

0.54

Debt / equity

Debt / FCF

0.21

Goodwill

CNY 95,521

Long-term assets

CNY 1.6B

Long-term liabilities

CNY 10.9M

Net cash (debt)

CNY 1.9B

Net cash / market cap

21.51%

Net cash growth

91.37%

Net debt / EBITDA

-161.57

Net debt / equity

-0.44

Net debt / FCF

-37.88

Piotroski F-Score

Property, plant and equipment

CNY 381.6M

Shareholders' equity

CNY 4.4B

Tangible book value

CNY 3.8B

Tangible book value per share

CNY 4.97

Total assets

CNY 5.6B

Total cash

CNY 1.9B

Total debt

CNY 10.6M

Total liabilities

CNY 1.2B

WACC

8.5%

Metric

Value

Asset turnover

0.32

Current assets

CNY 4.1B

Current liabilities

CNY 1.2B

Current ratio

3.4

Inventory turnover

43.56

Net working capital

CNY 936M

Quick ratio

2.25

Working capital

CNY 2.9B

Working capital turnover

0.75

Metric

Value

Buyback yield / dilution

0.57%

Dividend growth

100%

Dividend growth (10Y)

-3.61%

Dividend growth (3Y)

108.01%

Dividend growth (5Y)

35.1%

Dividend growth years

Dividend payment date

2026-08-03

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

CNY 0.02

Dividend yield

0.16%

Ex-dividend date

2026-08-03

FCF payout ratio

9.8%

Last dividend

CNY 0.02

Payout ratio

51.46%

Shareholder yield

0.72%

Metric

Value

10Y price change

-51.29%

10Y return CAGR

-6.72%

10Y total return

-50.1%

150-day SMA

CNY 11.43

15Y price change

18.58%

15Y return CAGR

1.35%

15Y total return

22.31%

1D price change

3.1%

1M price change

-9.7%

1M total return

-9.7%

1W price change

-6.15%

1W total return

-6.15%

1Y price change

-25.71%

1Y return CAGR

-25.6%

1Y total return

-25.59%

20-day SMA

CNY 12.22

200-day SMA

CNY 11.98

20Y price change

69.44%

20Y return CAGR

2.92%

20Y total return

77.66%

3M price change

12.39%

3M total return

12.57%

3Y price change

10.13%

3Y return CAGR

3.36%

3Y total return

10.41%

50-day SMA

CNY 11.47

50-day SMA vs 200-day SMA

50under200

52-week high

CNY 16.50

52-week high date

2026-01-13

52-week low

CNY 9.57

52-week low date

2026-07-01

5Y price change

7.65%

5Y return CAGR

1.54%

5Y total return

7.92%

6M price change

-14.49%

6M total return

-14.34%

All-time high

CNY 38.84

All-time high date

2015-06-18

All-time low

CNY 2.15

All-time low date

2005-07-19

Average true range (ATR)

CNY 0.65

Average volume

20.5M

Beta (1Y)

0.87

Beta (2Y)

0.85

Beta (5Y)

0.77

Change from 52-week high

-31.39%

Change from 52-week low

18.29%

Change from all-time high

-71.73%

Change from all-time low

409.99%

Change from open

2.17%

Day's gap

0.91%

Dollar volume

CNY 172.1M

High price

CNY 11.48

Low price

CNY 10.87

Monthly RSI

46.03

Open price

CNY 11.08

Position in 52-week range

73.77%

Previous close

CNY 10.98

Price vs 150-day SMA

-3.94%

Price vs 20-day SMA

-10.17%

Price vs 200-day SMA

-8.37%

Price vs 50-day SMA

-4.31%

Relative volume

0.74

RSI

40.04

Sharpe ratio

-0.47

Sharpe ratio (3Y)

0.15

Sharpe ratio (5Y)

0.12

Sortino ratio

-0.56

Sortino ratio (3Y)

0.36

Sortino ratio (5Y)

0.31

Volume

15.2M

Weekly RSI

46.19

YTD price change

-12.58%

YTD total return

-12.44%

Metric

Value

Float

235.6M

Shares change (QoQ)

-2.53%

Shares change (YoY)

-0.57%

Shares held by institutions

3.58%

Shares outstanding

791.6M

SHA/600640 (SHA/600640)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600640

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600640 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/600640

Frequently asked questions

SHA/600640 (SHA/600640)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600640

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600640 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/600640

Frequently asked questions