SHA/600021 (SHA/600021)

Shanghai Stock Exchange: SHA/600021 · CNY

CN¥11.7

-0.01 (-0.1%)· Recorded snapshot

Market cap	32.9B
Revenue (ttm)	39.4B
Net income (ttm)	1.4B
EPS (ttm)	CN¥0.50
Shares out	2.8B
P/E (trailing)	23.2x
P/E (forward)	9.6x
Dividend	CN¥0.37 (3.17%)
Volume	12,711,648
Beta	0.97

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 39.4B
Net income (ttm): 1.4B
EPS (ttm): CN¥0.50
P/E (trailing): 23.2x
P/E (forward): 9.6x
Market cap: 32.9B

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/E9.6

P25 n/aP50 n/aP75 n/a

Trailing P/E23.2

P25 n/aP50 n/aP75 n/a

ROE6.4

P25 n/aP50 n/aP75 n/a

ROIC2

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/600021 indicators

Market & fundamental data

Available fields

239

Groups with data

Currency

CNY

Showing 239 of 239 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	7,500
Employees change	351
Employees growth	4.91%
Enterprise value	CNY 184.2B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1882
Industry	Utilities - Renewable
Is primary listing	Yes
ISIN number	CNE000001G53
Last earnings date	2026-08-29
Last refreshed	2026-10-28
Last stock split date	2005-11-25
Last stock split type	Forward
Market cap	CNY 32.9B
Next earnings date	2026-10-31
Price	CNY 11.66
Price currency	CNY
Sector	Utilities
SIC code	4991
Stock price date	2026-10-28
Symbol	sha/600021
Website	https://www.shanghaipower.com

Valuation

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

Metric	Value
Average P/E ratio (10Y)	361.06x
Average P/E ratio (3Y)	16.93x
Average P/E ratio (5Y)	787.98x
Earnings yield	4.32%
EV/Earnings	135.58x
EV/EBIT	30.62x
EV/EBITDA	13.75x
EV/Sales	4.67x
FCF / EV yield	-4.3%
FCF yield	-24.06%
Forward P/E	9.56x
Graham number	8.96819
Graham upside	-23.09%
Industry forward P/E	19.46x
Industry P/E	23.04x
Lynch fair value	CNY 6.67
Lynch upside	-42.77%
P/B ratio	0.51x
P/E ratio	23.16x
P/OCF ratio	2.72x
P/S ratio	0.83x
Price / tangible book value	1.28x
Price/EBITDA ratio	2.5x
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	15.26%
EBITDA margin	33.41%
Effective tax rate	24.12%
Gross margin	23.55%
Operating margin	15.26%
Pretax margin	12.95%
Profit margin	4.72%
Profit per employee	CNY 181,174
Profitable quarters	2
Profitable years	4
Revenue per employee	CNY 5.3M
ROA	1.83%
ROA (5Y)	2.13%
ROCE	3.92%
ROE	6.39%
ROE (5Y)	4.86%
ROIC	2.01%
Tax / revenue	3.12%

Growth

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

Metric	Value
EPS growth	-37.66%
EPS growth (Q)	-66.51%
EPS growth (QoQ)	-28.2%
EPS growth 10Y	-1.19%
EPS growth 3Y	34.04%
EPS growth 5Y	12.6%
EPS growth years	4
Net income growth	-29.23%
Net income growth (Q)	-59.79%
Net income growth (QoQ)	-28.21%
Net income growth 3Y	4.92%
Net income growth 5Y	13.25%
Net income growth years	4
OCF growth	21.09%
OCF growth (Q)	-34.65%
OCF growth (QoQ)	-23.68%
OCF growth 10Y	10.31%
OCF growth 3Y	11.03%
OCF growth 5Y	9.99%
Revenue growth	-8.5%
Revenue growth (Q)	-19.05%
Revenue growth (QoQ)	-18.17%
Revenue growth 10Y	9.28%
Revenue growth 3Y	-3.14%
Revenue growth 5Y	8.08%
Revenue growth years	0

Financial statements

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

Metric	Value
Capital expenditures	CNY -20B
EBIT	CNY 6B
EBITDA	CNY 13.2B
EPS	CNY 0.50
FCF per share	CNY -2.81
Financing cash flow	CNY 5.6B
Free cash flow	CNY -7.9B
Gross profit	CNY 9.3B
Income taxes	CNY 1.2B
Investing cash flow	CNY -19B
Net borrowing	CNY 8.4B
Net cash flow	CNY -1.5B
Net income	CNY 1.4B
Operating income	CNY 6B
Revenue	CNY 39.4B

Financial strength

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

Metric	Value
Book value per share	CNY 7.10
Debt / EBITDA	9.64
Debt / equity	2.02
Goodwill	CNY 5.6M
Interest coverage	2.18
Long-term assets	CNY 166.6B
Long-term liabilities	CNY 89.7B
Net cash (debt)	CNY -121.1B
Net cash / market cap	-367.93%
Net debt / EBITDA	9.19
Net debt / equity	1.89
Piotroski F-Score	5
Property, plant and equipment	CNY 126.3B
Shareholders' equity	CNY 64B
Tangible book value	CNY 25.6B
Tangible book value per share	CNY 4.23
Total assets	CNY 211.6B
Total cash	CNY 8.1B
Total debt	CNY 129.1B
Total liabilities	CNY 147.6B
WACC	3.23%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.19
Current assets	CNY 45B
Current liabilities	CNY 57.9B
Current ratio	0.78
Inventory turnover	30.23
Net working capital	CNY 21.5B
Quick ratio	0.69
Working capital	CNY -12.9B
Working capital turnover	-2.32

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	17.06%
Dividend growth	32.14%
Dividend growth (10Y)	4%
Dividend growth (3Y)	119.47%
Dividend growth (5Y)	27.46%
Dividend growth years	2
Dividend payment date	2026-06-26
Dividend payment years	4
Dividend payout frequency	Annual
Dividend per share	CNY 0.37
Dividend yield	3.17%
Ex-dividend date	2026-06-26
Last dividend	CNY 0.37
Payout ratio	318.69%
Shareholder yield	20.24%

Performance and technicals

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

Metric	Value
10Y price change	-0.6%
10Y return CAGR	1.84%
10Y total return	19.98%
150-day SMA	CNY 15.76
15Y price change	141.41%
15Y return CAGR	8.27%
15Y total return	229.15%
1D price change	-0.09%
1M price change	-10.86%
1M total return	-10.86%
1W price change	-2.35%
1W total return	-2.35%
1Y price change	-57.71%
1Y return CAGR	-56.74%
1Y total return	-56.71%
20-day SMA	CNY 12.38
200-day SMA	CNY 17.17
20Y price change	178.28%
20Y return CAGR	7.04%
20Y total return	290.17%
3M price change	-19.2%
3M total return	-19.2%
3Y price change	32.8%
3Y return CAGR	12.7%
3Y total return	43.14%
50-day SMA	CNY 13.17
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 31.78
52-week high date	2025-10-30
52-week low	CNY 11.50
52-week low date	2026-10-23
5Y price change	7.47%
5Y return CAGR	3.05%
5Y total return	16.2%
6M price change	-33.83%
6M total return	-32.27%
All-time high	CNY 35.30
All-time high date	2015-05-26
All-time low	CNY 2.68
All-time low date	2008-11-06
Average true range (ATR)	CNY 0.30
Average volume	17.2M
Beta (1Y)	0.97
Beta (2Y)	0.93
Beta (5Y)	0.97
Change from 52-week high	-63.31%
Change from 52-week low	1.39%
Change from all-time high	-66.97%
Change from all-time low	335.07%
Change from open	-0.34%
Day's gap	0.26%
Dollar volume	CNY 148.2M
High price	CNY 11.80
Low price	CNY 11.63
Monthly RSI	44.54
Open price	CNY 11.70
Position in 52-week range	17.65%
Previous close	CNY 11.67
Price vs 150-day SMA	-26.02%
Price vs 20-day SMA	-5.82%
Price vs 200-day SMA	-32.08%
Price vs 50-day SMA	-11.44%
Relative volume	0.74
RSI	27.74
Sharpe ratio	-1.07
Sharpe ratio (3Y)	0.37
Sharpe ratio (5Y)	0.4
Sortino ratio	-1.5
Sortino ratio (3Y)	0.77
Sortino ratio (5Y)	0.77
Volume	12.7M
Weekly RSI	33.64
YTD price change	-41.76%
YTD total return	-40.39%

Ownership and float

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

Metric	Value
Float	2.8B
Shares change (QoQ)	-0.02%
Shares change (YoY)	-17.06%
Shares held by insiders	0%
Shares held by institutions	2.64%
Shares outstanding	2.8B

Deeper analysis on SHA/600021

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.

→

Frequently asked questions

About this SHA/600021 report

Is a complete SHA/600021 research report available?

No complete published report is available for sha/600021 (SHA/600021) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/600021 (SHA/600021)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600021

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600021 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/600021

Frequently asked questions