Utilities / Utilities - Independent Power ProducersUpdated 2026-05-10 22:07 UTC

SHA/600863 stock hub

SHA/600863 has a live ticker hub with the latest available market, valuation, profitability, growth, ownership, and risk indicators.

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Fair value midpoint

n/a

Fair value pending

Upside to midpoint

n/a

Based on latest report

Confidence

n/a

Data quality and model convergence

Market cap

38B

Shanghai Stock Exchange

Market data

Live price

Current market quote for this ticker.

Current price

SHA/600863

In the news

Latest news · SHA/600863

Recent company headlines from major financial publishers.

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Fetching the latest headlines.

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Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector context

Where the current metrics sit

Percentiles come from the backend screener cohort cache for the ticker's country and sector.

Forward P/E14.4

P25 11.4P50 17.9P75 24.5

Trailing P/E15.8

P25 16.8P50 28.7P75 58.8

ROE11

P25 2.6P50 5.8P75 9.5

ROIC5.8

P25 1.6P50 2.9P75 4.8

Benchmarks - 1M

S&P 500n/a

Nasdaq Compositen/a

Dow Jones Industrial Averagen/a

Russell 2000n/a

Indicator catalog

All SHA/600863 market and fundamental indicators

A searchable catalog of the available market, valuation, profitability, growth, balance-sheet, ownership, and analyst metrics for this ticker.

Available fields

231

Groups with data

Currency

CNY

Showing 231 of 231 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Country	China
Country code	CN
Employees	5,544
Employees Change	-281%
Employees Change Percent	-4.82
Enterprise value	CNY 58.7B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
First seen	2026-05-10
Industry	Utilities - Independent Power Producers
Isin	CNE000000GN6
Last refreshed	2026-05-10
Market cap	CNY 38B
Price	CNY 4.85
Price currency	CNY
Rev Per Employee	3,663,355.16x
Sector	Utilities
Sic	4991
Symbol	sha/600863
Website	https://www.nmhdwz.com

Valuation

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

Metric	Value
Earnings Yield	5.96%
EV Earnings	25.88x
EV/EBIT	15.44x
EV/EBITDA	9.42x
EV/FCF	23.09x
EV/Sales	2.89x
FCF yield	6.69%
Forward P/E	14.37x
P/B ratio	1.3x
P/E ratio	15.79x
P/S ratio	1.87x
PE Ratio10 Y	73.74x
PE Ratio3 Y	12.21x
PE Ratio5 Y	118.61x

Profitability

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

Metric	Value
EBIT Margin	18.23%
EBITDA Margin	30.03%
FCF margin	12.51%
Gross margin	22.03%
Gross Profit	CNY 4.5B
Net Income	CNY 2.3B
Net Income Growth	-26.23%
Net Income Growth Q	-6.68%
Net Income Growth Years	4%
Net Income Growth3 Y	4.7%
Net Income Growth5 Y	23.06%
Pretax Margin	16.87%
Profit Margin	11.16%
Profit Per Employee	CNY 408,821
Profitable Years	17
ROA	5.21
Roa5y	4.74
ROCE	9.64
ROE	11
Roe5y	8.85
ROIC	5.76

Growth

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

Metric	Value
Cagr10y	7.88%
Cagr15y	3.98%
Cagr1y	27.37%
Cagr20y	11.39%
Cagr3y	10.46%
Cagr5y	20.06%
Div CAGR10	13.87%
Div CAGR3	10.29%
Div CAGR5	11.79%
EPS Growth	-22.42
EPS Growth Q	-17.86
EPS Growth Years	0
EPS Growth3 Y	0.23
EPS Growth5 Y	21.75
FCF Growth	11.45%
FCF Growth Q	26.02%
FCF Growth3 Y	-16.9%
FCF Growth5 Y	2.23%
OCF Growth	-12.58%
OCF Growth Q	-0.81%
OCF Growth10 Y	8.77%
OCF Growth3 Y	2.69%
OCF Growth5 Y	12.01%
Revenue Growth	-14.42x
Revenue Growth Q	-6.82x
Revenue Growth Years	0x
Revenue Growth3 Y	-4.88x
Revenue Growth5 Y	5.13x

Financial strength

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

Metric	Value
Asset Turnover	CNY 0.46
Assets	CNY 48.6B
Cash	CNY 1.2B
Current Assets	CNY 6.6B
Current Liabilities	CNY 10.2B
Debt	CNY 14.4B
Debt EBITDA	CNY 2.35
Debt Equity	CNY 0.49
Debt FCF	CNY 5.66
Equity	CNY 29.3B
Liabilities	CNY 19.3B
Long Term Assets	CNY 42B
Long Term Liabilities	CNY 9.1B
Net Cash	CNY -13.2B
Net Cash By Market Cap	CNY -34.78
Net Debt EBITDA	CNY 2.17
Net Debt Equity	CNY 0.45
Net Debt FCF	CNY 5.2
Tangible Book Value	CNY 17.5B
Tangible Book Value Per Share	CNY 2.32
WACC	2.82

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current ratio	0.65
Inventory Turnover	34.39
Net Working Capital	CNY 1.4B
Quick ratio	0.56
Working Capital	CNY -3.6B
Working Capital Turnover	CNY -7.13

Dividends and buybacks

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

Metric	Value
Buyback Yield	4.91%
Dividend Growth	18.92%
Dividend Growth Years	3%
Dividend per share	CNY 0.22
Dividend Years	14
Dividend Yield	4.54%
Ex Div Date	2025-07-28
Last Dividend	CNY 0.22
Payout Frequency	Annual
Payout Ratio	79.36%

Performance and technicals

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

Metric	Value
10Y total return	113.42%
1Y total return	27.34%
200-day SMA	4.55
3Y total return	34.77%
50-day SMA	5.01
50-day SMA vs 200-day SMA	50over200
5Y total return	149.43%
All Time High	9.35
All Time High Change	-48.13%
All Time High Date	2015-06-25
All Time Low	0.23
All Time Low Change	2,004.12%
All Time Low Date	1996-09-12
ATR	0.16
Beta	-0.07
Beta1y	-0.04
Beta2y	0.23
Ch YTD	8.26
High	5.09
High52	5.51
High52 Date	2026-03-12
High52ch	-11.98%
Low	4.79
Low52	3.96
Low52 Date	2025-09-04
Low52ch	22.48%
Ma50ch	-3.23%
Price vs 200-day SMA	6.62%
RSI	51.33
RSI Monthly	59.3
RSI Weekly	52.11
Sharpe ratio	1.06x
Sortino ratio	1.86
Total Return	9.45%
Tr YTD	8.26
Tr15y	79.69%
Tr1m	-1.62%
Tr1w	2.54%
Tr3m	-1.22%

Analyst estimates

Ratings, targets, revisions, and forward estimate fields.

Metric	Value
Operating Income	CNY 3.7B
Operating margin	18.23

Ownership and float

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

Metric	Value
Float	3,682,689,239%
Net Borrowing	-1,084,879,712
Shares Institutions	14.1%
Shares Out	7,835,189,560
Shares Qo Q	-21.3%
Shares Yo Y	-4.91%

Other indicators

Additional ticker metrics that do not fit the primary research groupings yet.

Metric	Value
Adjusted FCF	CNY 2.5B
Average Volume	81,651,061.65x
Bv Per Share	2.9
CAPEX	CNY -3.7B
Ch10y	52.52
Ch15y	9.23
Ch1m	-1.62
Ch1w	2.54
Ch1y	20.95
Ch20y	385
Ch3m	-1.22
Ch3y	17.15
Ch5y	100.4
Ch6m	4.75
Change	0%
Change From Open	-0.21
Close	4.85
Days Gap	0.21
Dollar Volume	464,828,355.3
Earnings Date	2026-04-23
EBIT	CNY 3.7B
EBITDA	CNY 6.1B
EPS	CNY 0.31
F Score	4
FCF	CNY 2.5B
FCF EV Yield	4.33x
FCF Per Share	CNY 0.32
Financing CF	-1,398,406,578
Fiscal Year End	December
Founded	1,993
Goodwill	30,357,374
Graham Number	4.47534
Graham Upside	-7.72
Income Tax	CNY 459.1M
Investing CF	-4,967,710,367
Is Primary Listing	1
Last Earnings Date	2026-04-23
Last Report Date	2026-03-31
Last Split Date	2014-07-25
Last Split Type	Forward
Lynch Fair Value	CNY 7.08
Lynch Upside	46.05
Ma150	4.69
Ma150ch	3.46%
Ma20	4.75
Ma20ch	2.11%
Net CF	-158,267,763
Next Earnings Date	2026-05-13
Open	4.86
P FCF Ratio	14.95
P OCF Ratio	6.12
Payment Date	2025-07-28
Position In Range	20
Ppne	30,220,096,025
Price Date	2026-05-08
Price EBITDA	CNY 6.23
Ptbv Ratio	2.17
Relative Volume	1.2x
Revenue	20,309,641,004x
Tax By Revenue	2.26x
Tax Rate	13.4%
Tr20y	764.38%
Tr6m	4.75%
Volume	95,840,898

Fast facts

Decision checkpoints

A compact product layer over the same report payload.

Risk gate

n/a

Named kill scenarios are reviewed before any bullish rating can stand.

Moat score

n/a

Business quality stays separate from stock attractiveness.

Forward P/E

n/a

Valuation uses the full report model stack, not a single multiple.

Next action

Research pending

Final action steps are kept in the recommendation tab.

Income

SHA/600863 dividend yield, growth & safety

Yield, payout sustainability, and the multi-year growth streak.

Dividend yield

+4.5%

$0.22 annual per share

Payout ratio

+79.4%

Share of earnings returned as dividends. Below 60% is generally sustainable.

5Y dividend CAGR

+11.8%

3 consecutive years of growth

Total shareholder yield

+9.4%

Next ex-dividend date: 2025-07-28

Performance

SHA/600863 stock returns vs the market

Total return (incl. dividends) compared to S&P 500.

Ownership

Who owns SHA/600863?

Insider, institutional, and short-interest positioning.

Institutional ownership

+14.1%

Share of float held by funds and institutions

Insider ownership

n/a

Stake held by company insiders. Higher generally signals alignment.

Short interest

n/a

Float sold short by bearish positioning

Y/Y dilution

-4.9%

Negative means the company is buying back shares.

Technical

SHA/600863 momentum and risk profile

RSI, moving-average stack, beta, and risk-adjusted return.

RSI (14)

51.3

Neutral momentum band

Price vs 200-day MA

+6.6%

50/200-day relationship not available

Beta (5Y)

-0.07

Less volatile than the market

Sharpe ratio

1.06

Risk-adjusted return — higher is better; >1.0 is solid.

Questions

About SHA/600863

Hub-level FAQ points readers to the deeper analysis pages.

What is the current sha/600863 stock rating?

sha/600863 is currently shown with the latest rating in the latest report. The hub links directly to the full analysis surface where the rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full sha/600863 analysis?

The full report lives at /stocks/sha/600863/analysis. The bare ticker page is a product hub that summarizes the latest read and sends readers into the relocated analysis tabs without making the analysis surface depend on the hub.

What fair-value range is used for sha/600863?

The latest report frames sha/600863 around the latest fair-value range. Treat that range as the entry point, then check the valuation, sensitivity, and bear-case tabs before making an investment decision.

How often is the sha/600863 page updated?

The hub updates with the latest published stock report and live backend market data. The analysis pages remain reachable under /analysis, so a hub rollback does not remove the report reader.