SHA/600323 (SHA/600323)

Shanghai Stock Exchange: SHA/600323 · CNY

CN¥31.0

-0.11 (-0.3%)· Recorded snapshot

Market cap	25.3B
Revenue (ttm)	16B
Net income (ttm)	2.2B
EPS (ttm)	CN¥2.71
Shares out	815.3M
P/E (trailing)	11.4x
P/E (forward)	10.1x
Dividend	CN¥1.08 (3.48%)
Volume	7,554,740
Beta	0.26

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 16B
Net income (ttm): 2.2B
EPS (ttm): CN¥2.71
P/E (trailing): 11.4x
P/E (forward): 10.1x
Market cap: 25.3B

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/E10.1

P25 n/aP50 n/aP75 n/a

Trailing P/E11.4

P25 n/aP50 n/aP75 n/a

ROE14.3

P25 n/aP50 n/aP75 n/a

ROIC6.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/600323 indicators

Market & fundamental data

Available fields

261

Groups with data

Currency

CNY

Showing 261 of 261 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	2026-10-28
Employees	23,443
Employees change	4,833
Employees growth	25.97%
Enterprise value	CNY 59.9B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	1992
Industry	Utilities - Regulated Water
Is primary listing	Yes
ISIN number	CNE000001675
Last earnings date	2026-10-28
Last refreshed	2026-10-28
Last stock split date	2012-04-10
Last stock split type	Forward
Market cap	CNY 25.3B
Next earnings date	2026-10-28
Price	CNY 30.99
Price currency	CNY
Sector	Utilities
SIC code	4955
Stock price date	2026-10-28
Symbol	sha/600323
Website	https://www.grandblue.cn

Valuation

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

Metric	Value
Average P/E ratio (10Y)	14.38x
Average P/E ratio (3Y)	10.85x
Average P/E ratio (5Y)	11.73x
Earnings yield	8.75%
EV/Earnings	27.06x
EV/EBIT	13.68x
EV/EBITDA	9.31x
EV/FCF	20.54x
EV/Sales	3.75x
FCF / EV yield	4.87%
FCF yield	11.54%
Forward P/E	10.1x
Graham number	34.05566
Graham upside	9.89%
Industry P/E	14.51x
Lynch fair value	CNY 34.43
Lynch upside	11.11%
P/B ratio	1.27x
P/E ratio	11.43x
P/FCF ratio	8.66x
P/OCF ratio	5.72x
P/S ratio	1.58x
PEG ratio	1.01x
Price/EBITDA ratio	3.96x
Sector forward P/E	16.74x
Sector P/E	21.59x

Profitability

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

Metric	Value
EBIT margin	27.43%
EBITDA margin	39.96%
Effective tax rate	22.59%
FCF margin	18.26%
Gross margin	34.19%
Operating margin	27.43%
Pretax margin	22.11%
Profit margin	13.87%
Profit per employee	CNY 94,440
Profitable quarters	98
Profitable years	29
Revenue per employee	CNY 681,064
ROA	4.37%
ROA (5Y)	3.92%
ROCE	8.74%
ROE	14.35%
ROE (5Y)	12.18%
ROIC	6.74%
ROIC (5Y)	6.89%
Tax / revenue	4.99%

Growth

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

Metric	Value
EPS growth	17.35%
EPS growth (Q)	0.11%
EPS growth (QoQ)	1.27%
EPS growth 10Y	14.98%
EPS growth 3Y	15.25%
EPS growth 5Y	12.42%
EPS growth quarters	10
EPS growth years	3
FCF growth	0.94%
FCF growth (Q)	4%
FCF growth (QoQ)	26.55%
FCF growth 3Y	515.73%
Gross profit growth	33.29%
Gross profit growth (Q)	-0.56%
Gross profit growth 3Y	21.55%
Gross profit growth 5Y	15.86%
Net income growth	17.55%
Net income growth (Q)	0.24%
Net income growth (QoQ)	1.96%
Net income growth 3Y	15.39%
Net income growth 5Y	12.7%
Net income growth quarters	10
Net income growth years	3
OCF growth	-3.87%
OCF growth (Q)	-1.04%
OCF growth (QoQ)	24.45%
OCF growth 10Y	14.53%
OCF growth 3Y	31.28%
OCF growth 5Y	13.08%
Operating income growth	43.03%
Operating income growth (Q)	20.31%
Operating income growth 3Y	28.59%
Operating income growth 5Y	19.48%
Revenue growth	23.85%
Revenue growth (Q)	1.4%
Revenue growth (QoQ)	-1.25%
Revenue growth 10Y	16.26%
Revenue growth 3Y	9.3%
Revenue growth 5Y	11.04%
Revenue growth quarters	5
Revenue growth years	1

Financial statements

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

Metric	Value
Capital expenditures	CNY -1.5B
Depreciation and amortization	CNY 2B
EBIT	CNY 4.4B
EBITDA	CNY 6.4B
EPS	CNY 2.71
FCF per share	CNY 3.58
Financing cash flow	CNY -3.3B
Free cash flow	CNY 2.9B
Gross profit	CNY 5.5B
Income taxes	CNY 797.4M
Investing cash flow	CNY -2.4B
Net borrowing	CNY -1.4B
Net cash flow	CNY -1.2B
Net income	CNY 2.2B
Operating income	CNY 4.4B
Revenue	CNY 16B

Financial strength

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

Metric	Value
Book value per share	CNY 19.02
Debt / EBITDA	5.16
Debt / equity	1.66
Debt / FCF	11.38
Goodwill	CNY 1.4B
Interest coverage	15.94
Long-term assets	CNY 47.7B
Long-term liabilities	CNY 30.1B
Net cash (debt)	CNY -30.3B
Net cash / market cap	-119.76%
Net debt / EBITDA	4.74
Net debt / equity	1.52
Net debt / FCF	10.38
Piotroski F-Score	7
Property, plant and equipment	CNY 6.5B
Shareholders' equity	CNY 20B
Tangible book value	CNY -11.5B
Tangible book value per share	CNY -14.04
Total assets	CNY 62.6B
Total cash	CNY 2.9B
Total debt	CNY 33.2B
Total liabilities	CNY 42.6B
WACC	2.82%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.25
Current assets	CNY 14.9B
Current liabilities	CNY 12.5B
Current ratio	1.19
Inventory turnover	29.03
Net working capital	CNY 5.7B
Quick ratio	1.08
Working capital	CNY 2.4B
Working capital turnover	12.56

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	-0.17%
Dividend growth	2.86%
Dividend growth (10Y)	26.87%
Dividend growth (3Y)	69.95%
Dividend growth (5Y)	37.47%
Dividend growth years	2
Dividend payment date	2026-10-12
Dividend payment years	26
Dividend payout frequency	Semi-Annual
Dividend per share	CNY 1.08
Dividend yield	3.49%
Ex-dividend date	2026-10-12
FCF payout ratio	30.62%
Last dividend	CNY 0.28
Payout ratio	81.15%
Shareholder yield	3.32%

Performance and technicals

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

Metric	Value
10Y price change	107.43%
10Y return CAGR	9.55%
10Y total return	148.84%
150-day SMA	CNY 29.85
15Y price change	349.59%
15Y return CAGR	12.23%
15Y total return	464.45%
1D price change	-0.35%
1M price change	8.05%
1M total return	9.08%
1W price change	1.41%
1W total return	1.41%
1Y price change	5.66%
1Y return CAGR	10.54%
1Y total return	10.53%
20-day SMA	CNY 30.10
200-day SMA	CNY 29.59
20Y price change	863.02%
20Y return CAGR	13.65%
20Y total return	1,191.69%
3M price change	3.78%
3M total return	4.77%
3Y price change	73.52%
3Y return CAGR	24.26%
3Y total return	91.9%
50-day SMA	CNY 29.82
50-day SMA vs 200-day SMA	50over200
52-week high	CNY 32.99
52-week high date	2026-04-29
52-week low	CNY 26.76
52-week low date	2026-06-25
5Y price change	36.4%
5Y return CAGR	9.06%
5Y total return	54.26%
6M price change	0.55%
6M total return	4.27%
All-time high	CNY 32.99
All-time high date	2026-04-29
All-time low	CNY 2.52
All-time low date	2004-09-13
Average true range (ATR)	CNY 0.75
Average volume	4.9M
Beta (1Y)	-0.19
Beta (2Y)	-0.08
Beta (5Y)	0.26
Change from 52-week high	-6.06%
Change from 52-week low	15.81%
Change from all-time high	-6.06%
Change from all-time low	1,128.3%
Change from open	1.61%
Day's gap	-1.93%
Dollar volume	CNY 234.1M
High price	CNY 31.37
Low price	CNY 30.00
Monthly RSI	61.64
Open price	CNY 30.50
Position in 52-week range	72.26%
Previous close	CNY 31.10
Price vs 150-day SMA	3.84%
Price vs 20-day SMA	2.96%
Price vs 200-day SMA	4.73%
Price vs 50-day SMA	3.94%
Relative volume	1.61
RSI	60.41
Sharpe ratio	0.51
Sharpe ratio (3Y)	0.84
Sharpe ratio (5Y)	0.31
Sortino ratio	1.01
Sortino ratio (3Y)	1.56
Sortino ratio (5Y)	0.7
Volume	7.6M
Weekly RSI	57.42
YTD price change	8.36%
YTD total return	12.37%

Ownership and float

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

Metric	Value
Float	435M
Shares change (QoQ)	0.68%
Shares change (YoY)	0.17%
Shares held by insiders	0.83%
Shares held by institutions	15.42%
Shares outstanding	815.3M

Deeper analysis on SHA/600323

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.

→

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 SHA/600323 report

Is a complete SHA/600323 research report available?

No complete published report is available for sha/600323 (SHA/600323) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/600323 (SHA/600323)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600323

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600323 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/600323

Frequently asked questions