SHA/600121 (SHA/600121)

Shanghai Stock Exchange: SHA/600121 · CNY

CN¥4.28

+0.09 (+2.1%)· Recorded snapshot

Market cap	5.2B
Revenue (ttm)	3.1B
Net income (ttm)	-1B
EPS (ttm)	-CN¥0.86
Shares out	1.2B
Volume	91,539,830
Beta	0.38

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 3.1B
Net income (ttm): -1B
EPS (ttm): -CN¥0.86
Market cap: 5.2B

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-37

P25 n/aP50 n/aP75 n/a

ROIC-12.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/600121 indicators

Market & fundamental data

Available fields

211

Groups with data

Currency

CNY

Showing 211 of 211 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	12,563
Employees change	-1,482
Employees growth	-10.55%
Enterprise value	CNY 7.2B
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	Thermal Coal
Is primary listing	Yes
ISIN number	CNE000000TS8
Last earnings date	2026-08-25
Last refreshed	2026-10-28
Last stock split date	2019-07-22
Last stock split type	Forward
Market cap	CNY 5.2B
Next earnings date	2026-10-31
Price	CNY 4.28
Price currency	CNY
Sector	Energy
SIC code	1220
Stock price date	2026-10-28
Symbol	sha/600121
Website	https://www.zzce.com.cn

Valuation

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

Metric	Value
Earnings yield	-19.99%
EV/EBITDA	47.81x
EV/Sales	2.31x
FCF / EV yield	-3.08%
FCF yield	-4.26%
Industry forward P/E	13.77x
Industry P/E	15.95x
P/B ratio	2.54x
P/OCF ratio	27.17x
P/S ratio	1.67x
Price / tangible book value	15x
Price/EBITDA ratio	35.79x
Sector forward P/E	13.71x
Sector P/E	18.99x

Profitability

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

Metric	Value
EBIT margin	-10.68%
EBITDA margin	4.67%
Gross margin	12.18%
Operating margin	-10.68%
Pretax margin	-27.57%
Profit margin	-33.39%
Profit per employee	CNY -82,977
Revenue per employee	CNY 248,528
ROA	-1.53%
ROA (5Y)	1.3%
ROCE	-11.75%
ROE	-36.99%
ROE (5Y)	0.74%
ROIC	-12.59%
ROIC (5Y)	7.85%
Tax / revenue	2.63%

Growth

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

Metric	Value
EPS growth quarters	1
EPS growth years	0
Gross profit growth	-49.55%
Gross profit growth (Q)	4.9%
Gross profit growth 3Y	-36.22%
Gross profit growth 5Y	-6.89%
Net income growth quarters	1
Net income growth years	0
OCF growth	-37.21%
OCF growth 10Y	-14.04%
OCF growth 3Y	-40.53%
Revenue growth	-19.54%
Revenue growth (Q)	-22.51%
Revenue growth (QoQ)	-7.89%
Revenue growth 10Y	-11.09%
Revenue growth 3Y	-10.59%
Revenue growth 5Y	0.28%
Revenue growth years	0

Financial statements

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

Metric	Value
Capital expenditures	CNY -414M
Depreciation and amortization	CNY 479.2M
EBIT	CNY -333.5M
EBITDA	CNY 145.7M
EPS	CNY -0.86
FCF per share	CNY -0.18
Financing cash flow	CNY -258.2M
Free cash flow	CNY -222M
Gross profit	CNY 380.4M
Income taxes	CNY 82.2M
Investing cash flow	CNY -348.6M
Net borrowing	CNY -241.4M
Net cash flow	CNY -414.8M
Net income	CNY -1B
Operating income	CNY -333.5M
Revenue	CNY 3.1B

Financial strength

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

Metric	Value
Altman Z-Score	-0.23
Book value per share	CNY 0.49
Debt / EBITDA	22.53
Debt / equity	1.66
Interest coverage	-1.82
Long-term assets	CNY 8.9B
Long-term liabilities	CNY 785.3M
Net cash (debt)	CNY -553.1M
Net cash / market cap	-10.61%
Net debt / EBITDA	3.8
Net debt / equity	0.27
Piotroski F-Score	3
Property, plant and equipment	CNY 6.8B
Shareholders' equity	CNY 2.1B
Tangible book value	CNY 347.5M
Tangible book value per share	CNY 0.29
Total assets	CNY 13.3B
Total cash	CNY 2.8B
Total debt	CNY 3.4B
Total liabilities	CNY 11.2B
WACC	5.51%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.23
Current assets	CNY 4.4B
Current liabilities	CNY 10.4B
Current ratio	0.42
Inventory turnover	25.04
Net working capital	CNY -5.6B
Quick ratio	0.4
Working capital	CNY -6B
Working capital turnover	-0.55

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	-0.13%
Dividend growth (10Y)	-4.98%
Dividend growth (3Y)	-22.72%
Dividend growth (5Y)	-14.33%
Dividend per share	CNY 0.00
Last dividend	CNY 0.05
Shareholder yield	-0.13%

Performance and technicals

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

Metric	Value
10Y price change	-11.79%
10Y return CAGR	-1.09%
10Y total return	-10.38%
150-day SMA	CNY 4.42
15Y price change	-51.79%
15Y return CAGR	-4.46%
15Y total return	-49.52%
1D price change	2.15%
1M price change	-14.49%
1M total return	-14.49%
1W price change	-8.71%
1W total return	-8.71%
1Y price change	-18.16%
1Y return CAGR	-18.18%
1Y total return	-18.16%
20-day SMA	CNY 5.03
200-day SMA	CNY 4.45
20Y price change	34.81%
20Y return CAGR	1.84%
20Y total return	43.93%
3M price change	15.11%
3M total return	15.11%
3Y price change	0.72%
3Y return CAGR	0.24%
3Y total return	0.72%
50-day SMA	CNY 4.80
50-day SMA vs 200-day SMA	50over200
52-week high	CNY 6.25
52-week high date	2026-09-10
52-week low	CNY 3.34
52-week low date	2026-07-09
5Y price change	-22.84%
5Y return CAGR	-5.05%
5Y total return	-22.84%
6M price change	0.48%
6M total return	0.48%
All-time high	CNY 23.08
All-time high date	2000-08-08
All-time low	CNY 1.71
All-time low date	2020-05-25
Average true range (ATR)	CNY 0.38
Average volume	168.7M
Beta (1Y)	0.39
Beta (2Y)	0.54
Beta (5Y)	0.38
Change from 52-week high	-31.52%
Change from 52-week low	28.14%
Change from all-time high	-81.85%
Change from all-time low	145.03%
Change from open	1.66%
Day's gap	0.48%
Dollar volume	CNY 391.8M
High price	CNY 4.33
Low price	CNY 4.15
Monthly RSI	49.12
Open price	CNY 4.21
Position in 52-week range	72.22%
Previous close	CNY 4.19
Price vs 150-day SMA	-5.27%
Price vs 20-day SMA	-16.68%
Price vs 200-day SMA	-5.89%
Price vs 50-day SMA	-12.78%
Relative volume	0.54
RSI	36.89
Sharpe ratio	0.25
Sharpe ratio (3Y)	0.11
Sharpe ratio (5Y)	0.1
Sortino ratio	0.46
Sortino ratio (3Y)	0.28
Sortino ratio (5Y)	0.28
Volume	91.5M
Weekly RSI	46.79
YTD price change	0.48%
YTD total return	0.48%

Ownership and float

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

Metric	Value
Float	585.9M
Shares change (QoQ)	0.01%
Shares change (YoY)	0.13%
Shares held by insiders	0.01%
Shares held by institutions	3.21%
Shares outstanding	1.2B

Deeper analysis on SHA/600121

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/600121 report

Is a complete SHA/600121 research report available?

No complete published report is available for sha/600121 (SHA/600121) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/600121 (SHA/600121)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600121

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600121 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/600121

Frequently asked questions