SHA/600977 (SHA/600977)

Shanghai Stock Exchange: SHA/600977 · CNY

CN¥14.5

+0.05 (+0.3%)· Recorded snapshot

Market cap	27B
Revenue (ttm)	4.5B
Net income (ttm)	12.4M
EPS (ttm)	CN¥0.01
Shares out	1.9B
P/E (trailing)	2230.6x
P/E (forward)	63.9x
Dividend	CN¥0.32 (2.21%)
Volume	21,749,619
Beta	0.67

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 4.5B
Net income (ttm): 12.4M
EPS (ttm): CN¥0.01
P/E (trailing): 2230.6x
P/E (forward): 63.9x
Market cap: 27B

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/E63.9

P25 n/aP50 n/aP75 n/a

Trailing P/E2,230.6

P25 n/aP50 n/aP75 n/a

ROE0.1

P25 n/aP50 n/aP75 n/a

ROIC-5.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/600977 indicators

Market & fundamental data

Available fields

233

Groups with data

Currency

CNY

Showing 233 of 233 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	2,763
Employees change	-214
Employees growth	-7.19%
Enterprise value	CNY 16.7B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	2010
Industry	Entertainment
Is primary listing	Yes
ISIN number	CNE100002GX0
Last earnings date	2026-08-25
Last refreshed	2026-10-28
Market cap	CNY 27B
Next earnings date	2026-10-29
Price	CNY 14.47
Price currency	CNY
Sector	Communication Services
SIC code	7812
Stock price date	2026-10-28
Symbol	sha/600977
Website	https://www.zgdygf.com

Valuation

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

Metric	Value
Average P/E ratio (10Y)	196.04x
Average P/E ratio (3Y)	510.73x
Average P/E ratio (5Y)	392.56x
Earnings yield	0.04%
EV/Earnings	1,346.25x
EV/FCF	9.46x
EV/Sales	3.72x
FCF / EV yield	10.57%
FCF yield	6.54%
Forward P/E	63.94x
Graham number	0.9118
Graham upside	-93.7%
Industry forward P/E	41.05x
Lynch fair value	CNY 0.03
Lynch upside	-99.78%
P/B ratio	2.36x
P/E ratio	2,230.62x
P/FCF ratio	15.29x
P/OCF ratio	14.09x
P/S ratio	6.01x
Price / tangible book value	2.68x
Sector forward P/E	15.74x
Sector P/E	52.47x

Profitability

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

Metric	Value
EBIT margin	-7.63%
EBITDA margin	-3.98%
Effective tax rate	64.34%
FCF margin	38.18%
Gross margin	11.19%
Operating margin	-7.63%
Pretax margin	0.95%
Profit margin	0.28%
Profit per employee	CNY 4,493
Profitable quarters	1
Profitable years	3
Revenue per employee	CNY 1.6M
ROA	-1.08%
ROA (5Y)	-0.15%
ROCE	-2.64%
ROE	0.13%
ROE (5Y)	0.93%
ROIC	-5.59%
ROIC (5Y)	-1.31%
Tax / revenue	0.61%

Growth

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

Metric	Value
EPS growth (Q)	-87.02%
EPS growth 10Y	-21.82%
EPS growth 3Y	-2.12%
EPS growth 5Y	-14.27%
EPS growth years	0
FCF growth 3Y	-73.17%
FCF growth 5Y	-54.21%
Gross profit growth	91.65%
Gross profit growth (Q)	-25.9%
Gross profit growth 3Y	-10.71%
Gross profit growth 5Y	-6.23%
Net income growth (Q)	-87.04%
Net income growth 3Y	-2.25%
Net income growth 5Y	-14.2%
Net income growth years	0
OCF growth	9.91%
OCF growth 10Y	-19.89%
OCF growth 3Y	-49.24%
OCF growth 5Y	-39.06%
Revenue growth	11.03%
Revenue growth (Q)	-8.68%
Revenue growth (QoQ)	-22.53%
Revenue growth 10Y	-4.82%
Revenue growth 3Y	2.83%
Revenue growth 5Y	-3.4%
Revenue growth years	1

Financial statements

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

Metric	Value
Capital expenditures	CNY -150.5M
Depreciation and amortization	CNY 174.6M
EBIT	CNY -343M
EBITDA	CNY -178.8M
EPS	CNY 0.01
FCF per share	CNY 0.95
Financing cash flow	CNY 312.7M
Free cash flow	CNY 1.8B
Gross profit	CNY 503.1M
Income taxes	CNY 27.4M
Investing cash flow	CNY -405.6M
Net borrowing	CNY 564.8M
Net cash flow	CNY 1.8B
Net income	CNY 12.4M
Operating income	CNY -343M
Revenue	CNY 4.5B

Financial strength

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

Metric	Value
Book value per share	CNY 5.70
Debt / equity	0.24
Debt / FCF	1.55
Goodwill	CNY 288.6M
Interest coverage	-15.08
Long-term assets	CNY 6.9B
Long-term liabilities	CNY 3.7B
Net cash (debt)	CNY 10.7B
Net cash / market cap	39.76%
Net cash growth	2.11%
Net debt / equity	-0.94
Net debt / FCF	-6.08
Piotroski F-Score	6
Property, plant and equipment	CNY 2.1B
Shareholders' equity	CNY 11.5B
Tangible book value	CNY 10.1B
Tangible book value per share	CNY 5.21
Total assets	CNY 20.7B
Total cash	CNY 13.5B
Total debt	CNY 2.7B
Total liabilities	CNY 9.2B
WACC	7.22%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.23
Current assets	CNY 13.8B
Current liabilities	CNY 5.6B
Current ratio	2.08
Inventory turnover	2.51
Net working capital	CNY -3.2B
Quick ratio	1.87
Working capital	CNY 8.4B
Working capital turnover	0.55

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	-0.03%
Dividend growth	-30.43%
Dividend growth (3Y)	-7.17%
Dividend growth (5Y)	-36.83%
Dividend growth years	0
Dividend payment date	2026-07-16
Dividend payment years	3
Dividend payout frequency	Annual
Dividend per share	CNY 0.32
Dividend yield	2.21%
Ex-dividend date	2026-07-16
FCF payout ratio	212.82%
Last dividend	CNY 0.03
Payout ratio	930.86%
Shareholder yield	2.18%

Performance and technicals

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

Metric	Value
10Y price change	-50.46%
10Y return CAGR	-5.92%
10Y total return	-45.65%
150-day SMA	CNY 13.45
1D price change	0.35%
1M price change	10.21%
1M total return	10.21%
1W price change	0.98%
1W total return	0.98%
1Y price change	4.33%
1Y return CAGR	4.6%
1Y total return	4.59%
20-day SMA	CNY 13.98
200-day SMA	CNY 14.11
3M price change	16.23%
3M total return	16.23%
3Y price change	17.26%
3Y return CAGR	5.92%
3Y total return	18.84%
50-day SMA	CNY 13.14
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 20.76
52-week high date	2026-02-11
52-week low	CNY 11.76
52-week low date	2026-08-20
5Y price change	25.83%
5Y return CAGR	5.06%
5Y total return	28%
6M price change	4.03%
6M total return	4.29%
All-time high	CNY 40.28
All-time high date	2016-08-25
All-time low	CNY 9.58
All-time low date	2024-09-18
Average true range (ATR)	CNY 0.46
Average volume	31.7M
Beta (1Y)	0.42
Beta (2Y)	0.69
Beta (5Y)	0.67
Change from 52-week high	-30.3%
Change from 52-week low	23.04%
Change from all-time high	-64.08%
Change from all-time low	51.04%
Change from open	0.35%
Day's gap	0%
Dollar volume	CNY 314.7M
High price	CNY 14.62
Low price	CNY 14.23
Monthly RSI	54.14
Open price	CNY 14.42
Position in 52-week range	61.54%
Previous close	CNY 14.42
Price vs 150-day SMA	7.56%
Price vs 20-day SMA	3.51%
Price vs 200-day SMA	2.57%
Price vs 50-day SMA	10.16%
Relative volume	0.67
RSI	59.62
Sharpe ratio	0.32
Sharpe ratio (3Y)	0.15
Sharpe ratio (5Y)	0.24
Sortino ratio	0.56
Sortino ratio (3Y)	0.35
Sortino ratio (5Y)	0.48
Volume	21.7M
Weekly RSI	56.16
YTD price change	-7.95%
YTD total return	-7.72%

Ownership and float

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

Metric	Value
Float	555.5M
Shares change (QoQ)	-0.37%
Shares change (YoY)	0.03%
Shares held by insiders	0.24%
Shares held by institutions	1.29%
Shares outstanding	1.9B

Deeper analysis on SHA/600977

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.

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Frequently asked questions

About this SHA/600977 report

Is a complete SHA/600977 research report available?

No complete published report is available for sha/600977 (SHA/600977) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/600977 (SHA/600977)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600977

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600977 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/600977

Frequently asked questions