SHA/600864 (SHA/600864)

Shanghai Stock Exchange: SHA/600864 · CNY

CN¥5.05

-0.03 (-0.6%)· Recorded snapshot

Market cap	10.5B
Revenue (ttm)	2.8B
Net income (ttm)	-32.1M
EPS (ttm)	-CN¥0.02
Shares out	2.1B
Dividend	CN¥0.05 (1.01%)
Volume	27,829,132
Beta	0.23

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 2.8B
Net income (ttm): -32.1M
EPS (ttm): -CN¥0.02
Market cap: 10.5B

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-0.4

P25 n/aP50 n/aP75 n/a

ROIC0

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/600864 indicators

Market & fundamental data

Available fields

222

Groups with data

Currency

CNY

Showing 222 of 222 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	4,056
Employees change	71
Employees growth	1.78%
Enterprise value	CNY 3.1B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	1994
Industry	Utilities - Regulated Electric
Is primary listing	Yes
ISIN number	CNE000000H38
Last earnings date	2026-10-24
Last refreshed	2026-10-28
Last stock split date	2008-07-21
Last stock split type	Forward
Market cap	CNY 10.5B
Next earnings date	2026-11-02
Price	CNY 5.05
Price currency	CNY
Sector	Utilities
SIC code	4991
Stock price date	2026-10-28
Symbol	sha/600864

Valuation

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

Metric	Value
Average P/E ratio (10Y)	46.83x
Average P/E ratio (3Y)	40.65x
Earnings yield	-0.31%
EV/EBIT	126.92x
EV/EBITDA	9.18x
EV/FCF	8.11x
EV/Sales	1.14x
FCF / EV yield	12.34%
FCF yield	3.71%
Industry forward P/E	10.26x
Industry P/E	23.13x
P/B ratio	0.83x
P/FCF ratio	26.99x
P/OCF ratio	13.63x
P/S ratio	3.78x
Price / tangible book value	0.85x
Price/EBITDA ratio	33.16x
Sector forward P/E	16.7x
Sector P/E	21.67x

Profitability

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

Metric	Value
EBIT margin	0.9%
EBITDA margin	11.41%
FCF margin	14.02%
Gross margin	42.21%
Operating margin	0.9%
Pretax margin	-3.3%
Profit margin	-1.15%
Profit per employee	CNY -7,902
Profitable years	3
Revenue per employee	CNY 688,802
ROA	0.03%
ROA (5Y)	0.22%
ROCE	0.14%
ROE	-0.45%
ROE (5Y)	-0.21%
ROIC	0.05%
Tax / revenue	-1.24%

Growth

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

Metric	Value
EPS growth years	3
FCF growth	-75.5%
FCF growth 3Y	-43.18%
FCF growth 5Y	-34.6%
Net income growth years	3
OCF growth	-63.26%
OCF growth 3Y	-31.5%
OCF growth 5Y	-26.17%
Revenue growth	0.26%
Revenue growth (Q)	-8.15%
Revenue growth (QoQ)	-40.96%
Revenue growth 10Y	0.66%
Revenue growth 3Y	1.16%
Revenue growth 5Y	-1.45%
Revenue growth years	1

Financial statements

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

Metric	Value
Capital expenditures	CNY -384.1M
EBIT	CNY 25M
EBITDA	CNY 318.7M
EPS	CNY -0.02
FCF per share	CNY 0.19
Financing cash flow	CNY 248.9M
Free cash flow	CNY 391.7M
Gross profit	CNY 1.2B
Income taxes	CNY -34.6M
Investing cash flow	CNY -293.7M
Net borrowing	CNY 525.6M
Net cash flow	CNY 728.1M
Net income	CNY -32.1M
Operating income	CNY 25M
Revenue	CNY 2.8B

Financial strength

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

Metric	Value
Book value per share	CNY 6.17
Debt / EBITDA	63.87
Debt / equity	1.74
Debt / FCF	56.38
Goodwill	CNY 4.3M
Interest coverage	0.07
Long-term assets	CNY 7.1B
Long-term liabilities	CNY 5.5B
Net cash (debt)	CNY 7.2B
Net cash / market cap	68.49%
Net cash growth	-2.23%
Net debt / EBITDA	-22.71
Net debt / equity	-0.57
Net debt / FCF	-18.48
Piotroski F-Score	3
Property, plant and equipment	CNY 3.7B
Shareholders' equity	CNY 12.7B
Tangible book value	CNY 12.5B
Tangible book value per share	CNY 6.00
Total assets	CNY 47.9B
Total cash	CNY 29.3B
Total debt	CNY 22.1B
Total liabilities	CNY 35.3B
WACC	2.66%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.06
Current assets	CNY 40.8B
Current liabilities	CNY 29.8B
Current ratio	1.37
Inventory turnover	4.81
Net working capital	CNY -657.8M
Quick ratio	1.01
Working capital	CNY 11.1B
Working capital turnover	0.24

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	7.3%
Dividend growth	2%
Dividend growth (10Y)	-6.51%
Dividend growth (3Y)	13.37%
Dividend growth (5Y)	11.2%
Dividend growth years	2
Dividend payment date	2026-07-28
Dividend payment years	2
Dividend per share	CNY 0.05
Dividend yield	1.01%
Ex-dividend date	2026-07-28
FCF payout ratio	27.19%
Last dividend	CNY 0.05
Shareholder yield	8.32%

Performance and technicals

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

Metric	Value
10Y price change	-55.78%
10Y return CAGR	-7.2%
10Y total return	-52.61%
150-day SMA	CNY 5.81
15Y price change	-29.96%
15Y return CAGR	-1.09%
15Y total return	-15.15%
1D price change	-0.59%
1M price change	-11.4%
1M total return	-11.4%
1W price change	-11.25%
1W total return	-11.25%
1Y price change	-36.16%
1Y return CAGR	-35.56%
1Y total return	-35.54%
20-day SMA	CNY 5.63
200-day SMA	CNY 6.02
20Y price change	130.28%
20Y return CAGR	5.38%
20Y total return	185.31%
3M price change	-5.78%
3M total return	-4.88%
3Y price change	-15.97%
3Y return CAGR	-5.07%
3Y total return	-14.46%
50-day SMA	CNY 5.65
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 7.93
52-week high date	2025-10-29
52-week low	CNY 5.00
52-week low date	2026-06-11
5Y price change	-9.82%
5Y return CAGR	-1.57%
5Y total return	-7.59%
6M price change	-20.72%
6M total return	-19.96%
All-time high	CNY 26.20
All-time high date	2015-05-28
All-time low	CNY 0.81
All-time low date	2005-05-10
Average true range (ATR)	CNY 0.20
Average volume	44.7M
Beta (1Y)	0.49
Beta (2Y)	0.62
Beta (5Y)	0.23
Change from 52-week high	-36.32%
Change from 52-week low	1%
Change from all-time high	-80.73%
Change from all-time low	525.39%
Change from open	-1.37%
Day's gap	0.79%
Dollar volume	CNY 140.5M
High price	CNY 5.12
Low price	CNY 5.01
Monthly RSI	40.63
Open price	CNY 5.12
Position in 52-week range	36.36%
Previous close	CNY 5.08
Price vs 150-day SMA	-13.08%
Price vs 20-day SMA	-10.29%
Price vs 200-day SMA	-16.06%
Price vs 50-day SMA	-10.68%
Relative volume	0.64
RSI	29.07
Sharpe ratio	-1.01
Sharpe ratio (3Y)	0.02
Sharpe ratio (5Y)	0.04
Sortino ratio	-1.28
Sortino ratio (3Y)	0.18
Sortino ratio (5Y)	0.22
Volume	27.8M
Weekly RSI	36.06
YTD price change	-23.83%
YTD total return	-23.1%

Ownership and float

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

Metric	Value
Float	1.1B
Shares change (QoQ)	-15.57%
Shares change (YoY)	-7.3%
Shares held by insiders	0%
Shares held by institutions	9.8%
Shares outstanding	2.1B

Deeper analysis on SHA/600864

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.

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Frequently asked questions

About this SHA/600864 report

Is a complete SHA/600864 research report available?

No complete published report is available for sha/600864 (SHA/600864) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/600864 (SHA/600864)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600864

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600864 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/600864

Frequently asked questions