SHA/600346 (SHA/600346)

Shanghai Stock Exchange: SHA/600346 · CNY

CN¥15.7

+0.23 (+1.5%)· Recorded snapshot

Market cap	110.8B
Revenue (ttm)	195.4B
Net income (ttm)	11.2B
EPS (ttm)	CN¥1.61
Shares out	7B
P/E (trailing)	9.8x
P/E (forward)	8.6x
Dividend	CN¥0.37 (2.35%)
Volume	25,946,725
Beta	0.61

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 195.4B
Net income (ttm): 11.2B
EPS (ttm): CN¥1.61
P/E (trailing): 9.8x
P/E (forward): 8.6x
Market cap: 110.8B

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/E8.6

P25 n/aP50 n/aP75 n/a

Trailing P/E9.8

P25 n/aP50 n/aP75 n/a

ROE16.6

P25 n/aP50 n/aP75 n/a

ROIC5.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/600346 indicators

Market & fundamental data

Available fields

250

Groups with data

Currency

CNY

Showing 250 of 250 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	2026-10-29
Employees	37,368
Employees change	-932
Employees growth	-2.43%
Enterprise value	CNY 237.1B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	1999
Industry	Chemicals
Is primary listing	Yes
ISIN number	CNE0000018V0
Last earnings date	2026-08-20
Last refreshed	2026-10-28
Last stock split date	2019-06-27
Last stock split type	Forward
Market cap	CNY 110.8B
Next earnings date	2026-10-29
Price	CNY 15.74
Price currency	CNY
Sector	Materials
SIC code	3559
Stock price date	2026-10-28
Symbol	sha/600346
Website	https://hengli.com

Valuation

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

Metric	Value
Average P/E ratio (10Y)	16.62x
Average P/E ratio (3Y)	18.62x
Average P/E ratio (5Y)	18.08x
Earnings yield	10.21%
EV/Earnings	21.11x
EV/EBIT	16.88x
EV/EBITDA	9.08x
EV/FCF	24.4x
EV/Sales	1.21x
FCF / EV yield	4.1%
FCF yield	8.77%
Forward P/E	8.58x
Graham number	19.22112
Graham upside	22.12%
Industry forward P/E	12.44x
Industry P/E	24.34x
Lynch fair value	CNY 8.03
Lynch upside	-48.96%
P/B ratio	1.54x
P/E ratio	9.8x
P/FCF ratio	11.4x
P/OCF ratio	7.32x
P/S ratio	0.57x
Price / tangible book value	1.75x
Price/EBITDA ratio	4.25x
Sector forward P/E	10.97x
Sector P/E	21.34x

Profitability

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

Metric	Value
EBIT margin	7.19%
EBITDA margin	13.34%
Effective tax rate	23.1%
FCF margin	4.97%
Gross margin	13.74%
Operating margin	7.19%
Pretax margin	7.47%
Profit margin	5.75%
Profit per employee	CNY 300,531
Profitable quarters	14
Profitable years	11
Revenue per employee	CNY 5.2M
ROA	3.24%
ROA (5Y)	3.55%
ROCE	10.21%
ROE	16.61%
ROE (5Y)	13.7%
ROIC	5.58%
ROIC (5Y)	6.28%
Tax / revenue	1.73%

Growth

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

Metric	Value
EPS growth	86.83%
EPS growth (Q)	228.35%
EPS growth (QoQ)	-17.65%
EPS growth 10Y	21.05%
EPS growth 5Y	-7.39%
EPS growth quarters	4
EPS growth years	3
FCF growth	-46.02%
FCF growth 5Y	-6.38%
Gross profit growth	30.44%
Gross profit growth (Q)	15.01%
Gross profit growth 3Y	36.62%
Gross profit growth 5Y	-2.54%
Net income growth	84.83%
Net income growth (Q)	229.83%
Net income growth (QoQ)	-15.72%
Net income growth 5Y	-7.5%
Net income growth quarters	4
Net income growth years	3
OCF growth	-48.97%
OCF growth 10Y	27.45%
OCF growth 3Y	-10.96%
OCF growth 5Y	-7.31%
Operating income growth	40.81%
Operating income growth (Q)	28.61%
Operating income growth 5Y	-12.02%
Revenue growth	-14.21%
Revenue growth (Q)	4.58%
Revenue growth (QoQ)	-0.33%
Revenue growth 10Y	26.29%
Revenue growth 3Y	-2.78%
Revenue growth 5Y	0.6%
Revenue growth quarters	1
Revenue growth years	0

Financial statements

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

Metric	Value
Capital expenditures	CNY -5.4B
Depreciation and amortization	CNY 12B
EBIT	CNY 14B
EBITDA	CNY 26.1B
EPS	CNY 1.61
FCF per share	CNY 1.38
Financing cash flow	CNY -20.2B
Free cash flow	CNY 9.7B
Gross profit	CNY 26.9B
Income taxes	CNY 3.4B
Investing cash flow	CNY -5.7B
Net borrowing	CNY -4.6B
Net cash flow	CNY -10.6B
Net income	CNY 11.2B
Operating income	CNY 14B
Revenue	CNY 195.4B

Financial strength

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

Metric	Value
Altman Z-Score	1.35
Book value per share	CNY 10.22
Debt / EBITDA	6.27
Debt / equity	2.28
Debt / FCF	16.85
Goodwill	CNY 77.3M
Interest coverage	3.61
Long-term assets	CNY 185.8B
Long-term liabilities	CNY 65.5B
Net cash (debt)	CNY -126.3B
Net cash / market cap	-114%
Net debt / EBITDA	4.85
Net debt / equity	1.76
Net debt / FCF	13
Piotroski F-Score	7
Property, plant and equipment	CNY 173.3B
Shareholders' equity	CNY 72B
Tangible book value	CNY 63.2B
Tangible book value per share	CNY 8.98
Total assets	CNY 267.6B
Total cash	CNY 37.4B
Total debt	CNY 163.7B
Total liabilities	CNY 195.7B
WACC	4.16%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.72
Current assets	CNY 81.8B
Current liabilities	CNY 130.1B
Current ratio	0.63
Inventory turnover	6.34
Net working capital	CNY 17.6B
Quick ratio	0.37
Working capital	CNY -48.3B
Working capital turnover	-3.76

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	1.07%
Dividend growth	-17.78%
Dividend growth (10Y)	13.19%
Dividend growth (3Y)	-12.38%
Dividend growth (5Y)	-13.63%
Dividend growth years	0
Dividend payment date	2026-06-02
Dividend payment years	3
Dividend payout frequency	Semi-Annual
Dividend per share	CNY 0.37
Dividend yield	2.35%
Ex-dividend date	2026-06-02
FCF payout ratio	26.8%
Last dividend	CNY 0.29
Payout ratio	58.95%
Shareholder yield	3.42%

Performance and technicals

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

Metric	Value
10Y price change	182.89%
10Y return CAGR	13.68%
10Y total return	260.45%
150-day SMA	CNY 18.58
1D price change	1.48%
1M price change	-2.54%
1M total return	-2.54%
1W price change	2.01%
1W total return	2.01%
1Y price change	-7.79%
1Y return CAGR	-6.26%
1Y total return	-6.26%
20-day SMA	CNY 15.80
200-day SMA	CNY 20.01
3M price change	-3.67%
3M total return	-3.67%
3Y price change	12.67%
3Y return CAGR	7.2%
3Y total return	23.19%
50-day SMA	CNY 17.14
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 27.26
52-week high date	2026-01-26
52-week low	CNY 14.76
52-week low date	2026-07-17
5Y price change	-34.5%
5Y return CAGR	-5.64%
5Y total return	-25.18%
6M price change	-25.4%
6M total return	-24.16%
All-time high	CNY 49.80
All-time high date	2021-02-18
All-time low	CNY 3.98
All-time low date	2016-06-24
Average true range (ATR)	CNY 0.56
Average volume	24.5M
Beta (1Y)	0.54
Beta (2Y)	0.43
Beta (5Y)	0.61
Change from 52-week high	-42.26%
Change from 52-week low	6.64%
Change from all-time high	-68.39%
Change from all-time low	295.58%
Change from open	1.75%
Day's gap	-0.26%
Dollar volume	CNY 408.4M
High price	CNY 15.87
Low price	CNY 15.30
Monthly RSI	44.89
Open price	CNY 15.47
Position in 52-week range	77.19%
Previous close	CNY 15.51
Price vs 150-day SMA	-15.29%
Price vs 20-day SMA	-0.35%
Price vs 200-day SMA	-21.34%
Price vs 50-day SMA	-8.14%
Relative volume	1.05
RSI	44.38
Sharpe ratio	0.05
Sharpe ratio (3Y)	0.19
Sharpe ratio (5Y)	-0.24
Sortino ratio	0.19
Sortino ratio (3Y)	0.45
Sortino ratio (5Y)	-0.18
Volume	25.9M
Weekly RSI	40.23
YTD price change	-30.14%
YTD total return	-28.98%

Ownership and float

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

Metric	Value
Float	1.7B
Shares change (QoQ)	2.35%
Shares change (YoY)	-1.07%
Shares held by insiders	22.4%
Shares held by institutions	30.98%
Shares outstanding	7B

Deeper analysis on SHA/600346

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/600346 report

Is a complete SHA/600346 research report available?

No complete published report is available for sha/600346 (SHA/600346) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/600346 (SHA/600346)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600346

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600346 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/600346

Frequently asked questions