SHA/603866 (SHA/603866)

Shanghai Stock Exchange: SHA/603866 · CNY

CN¥4.11

+0.00 (0.0%)· Recorded snapshot

Market cap	6.6B
Revenue (ttm)	5.4B
Net income (ttm)	225.3M
EPS (ttm)	CN¥0.14
Shares out	1.6B
P/E (trailing)	29.2x
P/E (forward)	20.6x
Dividend	CN¥0.20 (4.87%)
Volume	11,804,862
Beta	0.40

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 5.4B
Net income (ttm): 225.3M
EPS (ttm): CN¥0.14
P/E (trailing): 29.2x
P/E (forward): 20.6x
Market cap: 6.6B

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/E20.6

P25 n/aP50 n/aP75 n/a

Trailing P/E29.2

P25 n/aP50 n/aP75 n/a

ROE4.4

P25 n/aP50 n/aP75 n/a

ROIC3.8

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/603866 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	2026-10-30
Employees	8,152
Employees change	-238
Employees growth	-2.84%
Enterprise value	CNY 7.6B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1997
Industry	Grocery Stores
Is primary listing	Yes
ISIN number	CNE100002524
Last earnings date	2026-08-25
Last refreshed	2026-10-28
Last stock split date	2023-04-27
Last stock split type	Forward
Market cap	CNY 6.6B
Next earnings date	2026-10-30
Price	CNY 4.11
Price currency	CNY
Sector	Consumer Staples
SIC code	2050
Stock price date	2026-10-28
Symbol	sha/603866
Website	https://www.tolybread.cn

Valuation

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

Metric	Value
Average P/E ratio (10Y)	33.51x
Average P/E ratio (3Y)	22x
Average P/E ratio (5Y)	25.48x
Earnings yield	3.43%
EV/Earnings	33.61x
EV/EBIT	16.56x
EV/EBITDA	9.99x
EV/FCF	18.78x
EV/Sales	1.4x
FCF / EV yield	5.33%
FCF yield	6.13%
Forward P/E	20.55x
Graham number	3.15727
Graham upside	-23.18%
Lynch fair value	CNY 0.70
Lynch upside	-82.87%
P/B ratio	1.31x
P/E ratio	29.19x
P/FCF ratio	16.3x
P/OCF ratio	9.98x
P/S ratio	1.22x
Price / tangible book value	1.41x
Price/EBITDA ratio	8.79x
Sector forward P/E	19.17x
Sector P/E	30.85x

Profitability

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

Metric	Value
EBIT margin	8.47%
EBITDA margin	13.85%
Effective tax rate	49.37%
FCF margin	7.47%
Gross margin	21.89%
Operating margin	8.47%
Pretax margin	8.24%
Profit margin	4.17%
Profit per employee	CNY 27,633
Profitable quarters	2
Profitable years	15
Revenue per employee	CNY 661,964
ROA	4.04%
ROA (5Y)	7.05%
ROCE	8.2%
ROE	4.43%
ROE (5Y)	11.11%
ROIC	3.83%
ROIC (5Y)	11.17%
Tax / revenue	4.07%

Growth

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

Metric	Value
EPS growth	-48.35%
EPS growth (Q)	-22.03%
EPS growth (QoQ)	80.27%
EPS growth 10Y	-6.58%
EPS growth 3Y	-26.78%
EPS growth 5Y	-23.17%
EPS growth years	0
FCF growth	-2.9%
FCF growth (Q)	20.65%
FCF growth (QoQ)	279.08%
FCF growth 3Y	161.64%
Gross profit growth	-8.73%
Gross profit growth (Q)	-8.11%
Gross profit growth 3Y	-8.68%
Gross profit growth 5Y	-7.43%
Net income growth	-48.33%
Net income growth (Q)	-22.03%
Net income growth (QoQ)	80.18%
Net income growth 3Y	-26.78%
Net income growth 5Y	-23.02%
Net income growth years	0
OCF growth	-33.74%
OCF growth (Q)	-14.8%
OCF growth (QoQ)	63.94%
OCF growth 10Y	2.8%
OCF growth 3Y	-7.91%
OCF growth 5Y	-9.61%
Operating income growth	-23.68%
Operating income growth (Q)	-16.81%
Operating income growth 3Y	-14.68%
Operating income growth 5Y	-14.41%
Revenue growth	-4.96%
Revenue growth (Q)	-1.43%
Revenue growth (QoQ)	18.87%
Revenue growth 10Y	6.45%
Revenue growth 3Y	-6.9%
Revenue growth 5Y	-2.62%
Revenue growth years	0

Financial statements

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

Metric	Value
Capital expenditures	CNY -255.3M
Depreciation and amortization	CNY 290.4M
EBIT	CNY 457.2M
EBITDA	CNY 747.6M
EPS	CNY 0.14
FCF per share	CNY 0.25
Financing cash flow	CNY -272M
Free cash flow	CNY 403.2M
Gross profit	CNY 1.2B
Income taxes	CNY 219.7M
Investing cash flow	CNY -467.3M
Net borrowing	CNY 74.9M
Net cash flow	CNY -80.7M
Net income	CNY 225.3M
Operating income	CNY 457.2M
Revenue	CNY 5.4B

Financial strength

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

Metric	Value
Altman Z-Score	3.74
Book value per share	CNY 3.15
Debt / EBITDA	1.64
Debt / equity	0.25
Debt / FCF	3.09
Interest coverage	15.67
Long-term assets	CNY 6.3B
Long-term liabilities	CNY 543.5M
Net cash (debt)	CNY -996.5M
Net cash / market cap	-15.16%
Net debt / EBITDA	1.33
Net debt / equity	0.2
Net debt / FCF	2.47
Piotroski F-Score	5
Property, plant and equipment	CNY 5.2B
Shareholders' equity	CNY 5B
Tangible book value	CNY 4.7B
Tangible book value per share	CNY 2.91
Total assets	CNY 7.1B
Total cash	CNY 250.6M
Total debt	CNY 1.2B
Total liabilities	CNY 2B
WACC	5.62%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.76
Current assets	CNY 810.6M
Current liabilities	CNY 1.5B
Current ratio	0.54
Inventory turnover	30.41
Net working capital	CNY -205.7M
Quick ratio	0.42
Working capital	CNY -686.6M
Working capital turnover	-11.14

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	-0.03%
Dividend growth	-20%
Dividend growth (3Y)	-20.63%
Dividend growth (5Y)	-19.6%
Dividend growth years	0
Dividend payment date	2026-06-03
Dividend payment years	11
Dividend payout frequency	Annual
Dividend per share	CNY 0.20
Dividend yield	4.87%
Ex-dividend date	2026-06-03
FCF payout ratio	79.34%
Last dividend	CNY 0.20
Payout ratio	155.33%
Shareholder yield	4.84%

Performance and technicals

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

Metric	Value
10Y price change	-69.1%
10Y return CAGR	-8.75%
10Y total return	-59.95%
150-day SMA	CNY 4.44
1D price change	0%
1M price change	-0.96%
1M total return	-0.96%
1W price change	0.49%
1W total return	0.49%
1Y price change	-24.73%
1Y return CAGR	-21.5%
1Y total return	-21.49%
20-day SMA	CNY 4.18
200-day SMA	CNY 4.67
3M price change	2.49%
3M total return	2.49%
3Y price change	-52.87%
3Y return CAGR	-19.01%
3Y total return	-46.89%
50-day SMA	CNY 4.24
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 5.90
52-week high date	2025-11-14
52-week low	CNY 3.59
52-week low date	2026-06-29
5Y price change	-75.49%
5Y return CAGR	-21.79%
5Y total return	-70.74%
6M price change	-18.13%
6M total return	-14.61%
All-time high	CNY 28.86
All-time high date	2020-09-03
All-time low	CNY 3.59
All-time low date	2026-06-29
Average true range (ATR)	CNY 0.11
Average volume	14.1M
Beta (1Y)	0.21
Beta (2Y)	0.25
Beta (5Y)	0.4
Change from 52-week high	-30.34%
Change from 52-week low	14.49%
Change from all-time high	-85.76%
Change from all-time low	14.48%
Change from open	-0.96%
Day's gap	0.97%
Dollar volume	CNY 48.5M
High price	CNY 4.16
Low price	CNY 4.07
Monthly RSI	33.24
Open price	CNY 4.15
Position in 52-week range	44.44%
Previous close	CNY 4.11
Price vs 150-day SMA	-7.33%
Price vs 20-day SMA	-1.72%
Price vs 200-day SMA	-11.93%
Price vs 50-day SMA	-3.02%
Relative volume	0.82
RSI	44.68
Sharpe ratio	-1.17
Sharpe ratio (3Y)	-0.7
Sharpe ratio (5Y)	-0.77
Sortino ratio	-1.34
Sortino ratio (3Y)	-0.81
Sortino ratio (5Y)	-0.94
Volume	11.8M
Weekly RSI	41.43
YTD price change	-21.86%
YTD total return	-18.5%

Ownership and float

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

Metric	Value
Float	645.4M
Shares change (QoQ)	-0.05%
Shares change (YoY)	0.03%
Shares held by insiders	59.65%
Shares held by institutions	6.28%
Shares outstanding	1.6B

Deeper analysis on SHA/603866

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.

→

Frequently asked questions

About this SHA/603866 report

Is a complete SHA/603866 research report available?

No complete published report is available for sha/603866 (SHA/603866) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/603866 (SHA/603866)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/603866

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/603866 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/603866

Frequently asked questions