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SHA/600985 (SHA/600985)

Shanghai Stock Exchange: SHA/600985 · CNY

CN¥14.7

+0.02 (+0.1%)· Recorded snapshot

Market cap	39.5B
Revenue (ttm)	41.9B
Net income (ttm)	1.7B
EPS (ttm)	CN¥0.64
Shares out	2.7B
P/E (trailing)	22.9x
P/E (forward)	12.8x
Dividend	CN¥0.25 (1.70%)
Volume	15,039,507
Beta	0.40

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	CNY
Country	China
Country code	CN
Earnings date	2026-10-29
Employees	39,570
Employees change	-1,409
Employees growth	-3.44%
Enterprise value	CNY 51.5B
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	Specialty Chemicals
Is primary listing	Yes
ISIN number	CNE000001HH4
Last earnings date	2026-08-28
Last refreshed	2026-10-28
Market cap	CNY 39.5B
Next earnings date	2026-10-29
Price	CNY 14.67
Price currency	CNY
Sector	Materials
SIC code	1220
Stock price date	2026-10-28
Symbol	sha/600985
Website	https://www.hbkykg.com

Metric

Value

Amount currency

CNY

Country

China

Country code

Earnings date

2026-10-29

Employees

39,570

Employees change

-1,409

Employees growth

-3.44%

Enterprise value

CNY 51.5B

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

Specialty Chemicals

Is primary listing

Yes

ISIN number

CNE000001HH4

Last earnings date

2026-08-28

Last refreshed

2026-10-28

Market cap

CNY 39.5B

Next earnings date

2026-10-29

Price

CNY 14.67

Price currency

CNY

Sector

Materials

SIC code

1220

Stock price date

2026-10-28

Symbol

sha/600985

Website

https://www.hbkykg.com

Metric	Value
Average P/E ratio (10Y)	11.03x
Average P/E ratio (3Y)	19.3x
Average P/E ratio (5Y)	13.94x
Earnings yield	4.36%
EV/Earnings	30.03x
EV/EBIT	24.75x
EV/EBITDA	8.37x
EV/Sales	1.23x
FCF / EV yield	-3.83%
FCF yield	-4.99%
Forward P/E	12.79x
Graham number	15.02222
Graham upside	2.4%
Industry forward P/E	13.8x
Industry P/E	29.94x
Lynch fair value	CNY 3.20
Lynch upside	-78.2%
P/B ratio	0.85x
P/E ratio	22.93x
P/OCF ratio	6.95x
P/S ratio	0.94x
Price / tangible book value	1.72x
Price/EBITDA ratio	6.43x
Sector forward P/E	10.97x
Sector P/E	21.34x

Metric

Value

Average P/E ratio (10Y)

11.03x

Average P/E ratio (3Y)

19.3x

Average P/E ratio (5Y)

13.94x

Earnings yield

4.36%

EV/Earnings

30.03x

EV/EBIT

24.75x

EV/EBITDA

8.37x

EV/Sales

1.23x

FCF / EV yield

-3.83%

FCF yield

-4.99%

Forward P/E

12.79x

Graham number

15.02222

Graham upside

2.4%

Industry forward P/E

13.8x

Industry P/E

29.94x

Lynch fair value

CNY 3.20

Lynch upside

-78.2%

P/B ratio

0.85x

P/E ratio

22.93x

P/OCF ratio

6.95x

P/S ratio

0.94x

Price / tangible book value

1.72x

Price/EBITDA ratio

6.43x

Sector forward P/E

10.97x

Sector P/E

21.34x

Metric	Value
EBIT margin	4.96%
EBITDA margin	14.66%
Effective tax rate	28.57%
Gross margin	17.57%
Operating margin	4.96%
Pretax margin	4.04%
Profit margin	4.09%
Profit per employee	CNY 43,303
Profitable quarters	41
Profitable years	11
Revenue per employee	CNY 1.1M
ROA	1.45%
ROA (5Y)	4.54%
ROCE	3.16%
ROE	2.62%
ROE (5Y)	13.12%
ROIC	2.83%
ROIC (5Y)	11.46%
Tax / revenue	1.15%

Metric

Value

EBIT margin

4.96%

EBITDA margin

14.66%

Effective tax rate

28.57%

Gross margin

17.57%

Operating margin

4.96%

Pretax margin

4.04%

Profit margin

4.09%

Profit per employee

CNY 43,303

Profitable quarters

Profitable years

Revenue per employee

CNY 1.1M

ROA

1.45%

ROA (5Y)

4.54%

ROCE

3.16%

ROE

2.62%

ROE (5Y)

13.12%

ROIC

2.83%

ROIC (5Y)

11.46%

Tax / revenue

1.15%

Metric	Value
EPS growth	-41.55%
EPS growth (Q)	129.09%
EPS growth (QoQ)	56.27%
EPS growth 3Y	-37.32%
EPS growth 5Y	-18.52%
EPS growth quarters	1
EPS growth years	0
Gross profit growth	-13.66%
Gross profit growth (Q)	36.76%
Gross profit growth 3Y	-18.69%
Gross profit growth 5Y	-6.31%
Net income growth	-41.95%
Net income growth (Q)	119.98%
Net income growth (QoQ)	52.37%
Net income growth 3Y	-37.59%
Net income growth 5Y	-16.72%
Net income growth quarters	1
Net income growth years	0
OCF growth	-1.77%
OCF growth (Q)	-18.94%
OCF growth (QoQ)	34.19%
OCF growth 10Y	14.24%
OCF growth 3Y	-29.01%
OCF growth 5Y	-3.12%
Operating income growth	-37.11%
Operating income growth (Q)	102.83%
Operating income growth 3Y	-36.09%
Operating income growth 5Y	-18.36%
Revenue growth	-14.69%
Revenue growth (Q)	11.63%
Revenue growth (QoQ)	10.22%
Revenue growth 10Y	0.21%
Revenue growth 3Y	-14.88%
Revenue growth 5Y	-5.31%
Revenue growth quarters	1
Revenue growth years	0

Metric

Value

EPS growth

-41.55%

EPS growth (Q)

129.09%

EPS growth (QoQ)

56.27%

EPS growth 3Y

-37.32%

EPS growth 5Y

-18.52%

EPS growth quarters

EPS growth years

Gross profit growth

-13.66%

Gross profit growth (Q)

36.76%

Gross profit growth 3Y

-18.69%

Gross profit growth 5Y

-6.31%

Net income growth

-41.95%

Net income growth (Q)

119.98%

Net income growth (QoQ)

52.37%

Net income growth 3Y

-37.59%

Net income growth 5Y

-16.72%

Net income growth quarters

Net income growth years

OCF growth

-1.77%

OCF growth (Q)

-18.94%

OCF growth (QoQ)

34.19%

OCF growth 10Y

14.24%

OCF growth 3Y

-29.01%

OCF growth 5Y

-3.12%

Operating income growth

-37.11%

Operating income growth (Q)

102.83%

Operating income growth 3Y

-36.09%

Operating income growth 5Y

-18.36%

Revenue growth

-14.69%

Revenue growth (Q)

11.63%

Revenue growth (QoQ)

10.22%

Revenue growth 10Y

0.21%

Revenue growth 3Y

-14.88%

Revenue growth 5Y

-5.31%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	CNY -7.7B
Depreciation and amortization	CNY 4.1B
EBIT	CNY 2.1B
EBITDA	CNY 6.1B
EPS	CNY 0.64
FCF per share	CNY -0.73
Financing cash flow	CNY 3.3B
Free cash flow	CNY -2B
Gross profit	CNY 7.4B
Income taxes	CNY 483.1M
Investing cash flow	CNY -8.1B
Net borrowing	CNY 4B
Net cash flow	CNY 840.5M
Net income	CNY 1.7B
Operating income	CNY 2.1B
Revenue	CNY 41.9B

Metric

Value

Capital expenditures

CNY -7.7B

Depreciation and amortization

CNY 4.1B

EBIT

CNY 2.1B

EBITDA

CNY 6.1B

EPS

CNY 0.64

FCF per share

CNY -0.73

Financing cash flow

CNY 3.3B

Free cash flow

CNY -2B

Gross profit

CNY 7.4B

Income taxes

CNY 483.1M

Investing cash flow

CNY -8.1B

Net borrowing

CNY 4B

Net cash flow

CNY 840.5M

Net income

CNY 1.7B

Operating income

CNY 2.1B

Revenue

CNY 41.9B

Metric	Value
Altman Z-Score	1.28
Book value per share	CNY 15.68
Debt / EBITDA	2.2
Debt / equity	0.29
Goodwill	CNY 133.5M
Interest coverage	3.95
Long-term assets	CNY 76.3B
Long-term liabilities	CNY 19.4B
Net cash (debt)	CNY -7.8B
Net cash / market cap	-19.7%
Net debt / EBITDA	1.27
Net debt / equity	0.17
Piotroski F-Score	6
Property, plant and equipment	CNY 49.6B
Shareholders' equity	CNY 46.4B
Tangible book value	CNY 23B
Tangible book value per share	CNY 8.54
Total assets	CNY 91.7B
Total cash	CNY 5.8B
Total debt	CNY 13.5B
Total liabilities	CNY 45.3B
WACC	5.5%

Metric

Value

Altman Z-Score

1.28

Book value per share

CNY 15.68

Debt / EBITDA

2.2

Debt / equity

0.29

Goodwill

CNY 133.5M

Interest coverage

3.95

Long-term assets

CNY 76.3B

Long-term liabilities

CNY 19.4B

Net cash (debt)

CNY -7.8B

Net cash / market cap

-19.7%

Net debt / EBITDA

1.27

Net debt / equity

0.17

Piotroski F-Score

Property, plant and equipment

CNY 49.6B

Shareholders' equity

CNY 46.4B

Tangible book value

CNY 23B

Tangible book value per share

CNY 8.54

Total assets

CNY 91.7B

Total cash

CNY 5.8B

Total debt

CNY 13.5B

Total liabilities

CNY 45.3B

WACC

5.5%

Metric	Value
Asset turnover	0.47
Current assets	CNY 15.4B
Current liabilities	CNY 25.9B
Current ratio	0.59
Inventory turnover	17.25
Net working capital	CNY -12.6B
Quick ratio	0.43
Working capital	CNY -10.5B
Working capital turnover	-3.95

Metric

Value

Asset turnover

0.47

Current assets

CNY 15.4B

Current liabilities

CNY 25.9B

Current ratio

0.59

Inventory turnover

17.25

Net working capital

CNY -12.6B

Quick ratio

0.43

Working capital

CNY -10.5B

Working capital turnover

-3.95

Metric	Value
Buyback yield / dilution	0.69%
Dividend growth	-66.67%
Dividend growth (3Y)	-38.02%
Dividend growth (5Y)	-17.4%
Dividend growth years	0
Dividend payment date	2026-06-10
Dividend payment years	8
Dividend payout frequency	Annual
Dividend per share	CNY 0.25
Dividend yield	1.7%
Ex-dividend date	2026-06-10
Last dividend	CNY 0.25
Payout ratio	51.16%
Shareholder yield	2.4%

Metric

Value

Buyback yield / dilution

0.69%

Dividend growth

-66.67%

Dividend growth (3Y)

-38.02%

Dividend growth (5Y)

-17.4%

Dividend growth years

Dividend payment date

2026-06-10

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

CNY 0.25

Dividend yield

1.7%

Ex-dividend date

2026-06-10

Last dividend

CNY 0.25

Payout ratio

51.16%

Shareholder yield

2.4%

Metric	Value
150-day SMA	CNY 15.20
1D price change	0.14%
1M price change	-11.04%
1M total return	-11.04%
1W price change	-1.81%
1W total return	-1.81%
1Y price change	7.08%
1Y return CAGR	8.68%
1Y total return	8.67%
20-day SMA	CNY 15.42
200-day SMA	CNY 14.52
3M price change	-1.87%
3M total return	-1.87%
3Y price change	6.15%
3Y return CAGR	6.54%
3Y total return	20.94%
50-day SMA	CNY 16.46
50-day SMA vs 200-day SMA	50over200
52-week high	CNY 18.77
52-week high date	2026-09-01
52-week low	CNY 11.02
52-week low date	2026-01-16
5Y price change	11.05%
5Y return CAGR	7.59%
5Y total return	44.18%
6M price change	1.73%
6M total return	3.25%
All-time high	CNY 20.50
All-time high date	2024-04-18
All-time low	CNY 7.63
All-time low date	2020-06-12
Average true range (ATR)	CNY 0.53
Average volume	17.2M
Beta (1Y)	0.06
Beta (2Y)	0.22
Beta (5Y)	0.4
Change from 52-week high	-21.84%
Change from 52-week low	33.12%
Change from all-time high	-28.44%
Change from all-time low	92.27%
Change from open	0.48%
Day's gap	-0.34%
Dollar volume	CNY 220.6M
High price	CNY 14.80
Low price	CNY 14.53
Monthly RSI	51.16
Open price	CNY 14.60
Position in 52-week range	51.85%
Previous close	CNY 14.65
Price vs 150-day SMA	-3.49%
Price vs 20-day SMA	-4.88%
Price vs 200-day SMA	1.02%
Price vs 50-day SMA	-10.87%
Relative volume	0.88
RSI	36.94
Sharpe ratio	0.41
Sharpe ratio (3Y)	0.32
Sharpe ratio (5Y)	0.29
Sortino ratio	0.81
Sortino ratio (3Y)	0.68
Sortino ratio (5Y)	0.6
Volume	15M
Weekly RSI	46.68
YTD price change	32.04%
YTD total return	34.01%

Metric

Value

150-day SMA

CNY 15.20

1D price change

0.14%

1M price change

-11.04%

1M total return

-11.04%

1W price change

-1.81%

1W total return

-1.81%

1Y price change

7.08%

1Y return CAGR

8.68%

1Y total return

8.67%

20-day SMA

CNY 15.42

200-day SMA

CNY 14.52

3M price change

-1.87%

3M total return

-1.87%

3Y price change

6.15%

3Y return CAGR

6.54%

3Y total return

20.94%

50-day SMA

CNY 16.46

50-day SMA vs 200-day SMA

50over200

52-week high

CNY 18.77

52-week high date

2026-09-01

52-week low

CNY 11.02

52-week low date

2026-01-16

5Y price change

11.05%

5Y return CAGR

7.59%

5Y total return

44.18%

6M price change

1.73%

6M total return

3.25%

All-time high

CNY 20.50

All-time high date

2024-04-18

All-time low

CNY 7.63

All-time low date

2020-06-12

Average true range (ATR)

CNY 0.53

Average volume

17.2M

Beta (1Y)

0.06

Beta (2Y)

0.22

Beta (5Y)

0.4

Change from 52-week high

-21.84%

Change from 52-week low

33.12%

Change from all-time high

-28.44%

Change from all-time low

92.27%

Change from open

0.48%

Day's gap

-0.34%

Dollar volume

CNY 220.6M

High price

CNY 14.80

Low price

CNY 14.53

Monthly RSI

51.16

Open price

CNY 14.60

Position in 52-week range

51.85%

Previous close

CNY 14.65

Price vs 150-day SMA

-3.49%

Price vs 20-day SMA

-4.88%

Price vs 200-day SMA

1.02%

Price vs 50-day SMA

-10.87%

Relative volume

0.88

RSI

36.94

Sharpe ratio

0.41

Sharpe ratio (3Y)

0.32

Sharpe ratio (5Y)

0.29

Sortino ratio

0.81

Sortino ratio (3Y)

0.68

Sortino ratio (5Y)

0.6

Volume

15M

Weekly RSI

46.68

YTD price change

32.04%

YTD total return

34.01%

Metric	Value
Float	1B
Shares change (QoQ)	-2.49%
Shares change (YoY)	-0.69%
Shares held by institutions	16.98%
Shares outstanding	2.7B

Metric

Value

Float

Shares change (QoQ)

-2.49%

Shares change (YoY)

-0.69%

Shares held by institutions

16.98%

Shares outstanding

2.7B

SHA/600985 (SHA/600985)

Price

Financial snapshot

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Valuation

Profitability

Balance sheet

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All SHA/600985 indicators

Profile and market data

Valuation

Profitability

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Financial statements

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Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on SHA/600985

Frequently asked questions