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SHA/601900 (SHA/601900)

Shanghai Stock Exchange: SHA/601900 · CNY

CN¥14.7

+0.33 (+2.3%)· Recorded snapshot

Market cap	13B
Revenue (ttm)	8.6B
Net income (ttm)	1.3B
EPS (ttm)	CN¥1.44
Shares out	882M
P/E (trailing)	10.2x
P/E (forward)	10.2x
Dividend	CN¥0.56 (3.80%)
Volume	37,322,415
Beta	0.21

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	CNY
Country	China
Country code	CN
Earnings date	2026-10-24
Employees	7,010
Employees change	-232
Employees growth	-3.2%
Enterprise value	CNY 11.5B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	2008
Industry	Publishing
Is primary listing	Yes
ISIN number	CNE1000025H2
Last earnings date	2026-10-24
Last refreshed	2026-10-28
Market cap	CNY 13B
Next earnings date	2026-10-28
Price	CNY 14.73
Price currency	CNY
Sector	Communication Services
SIC code	2711
Stock price date	2026-10-28
Symbol	sha/601900
Website	https://www.nfcb.com.cn

Metric

Value

Amount currency

CNY

Country

China

Country code

Earnings date

2026-10-24

Employees

7,010

Employees change

-232

Employees growth

-3.2%

Enterprise value

CNY 11.5B

Exchange

Shanghai Stock Exchange

Financial currency

CNY

Financial report date

2026-09-30

First seen

2026-05-10

Fiscal year end

December

Founded

2008

Industry

Publishing

Is primary listing

Yes

ISIN number

CNE1000025H2

Last earnings date

2026-10-24

Last refreshed

2026-10-28

Market cap

CNY 13B

Next earnings date

2026-10-28

Price

CNY 14.73

Price currency

CNY

Sector

Communication Services

SIC code

2711

Stock price date

2026-10-28

Symbol

sha/601900

Website

https://www.nfcb.com.cn

Metric	Value
Average P/E ratio (10Y)	12.45x
Average P/E ratio (3Y)	11.37x
Average P/E ratio (5Y)	10.76x
Earnings yield	9.78%
EV/Earnings	9.05x
EV/EBIT	8.03x
EV/EBITDA	6.96x
EV/FCF	9.11x
EV/Sales	1.33x
FCF / EV yield	10.98%
FCF yield	9.72%
Forward P/E	10.21x
Graham number	18.48485
Graham upside	25.49%
Industry P/E	26.61x
Lynch fair value	CNY 7.20
Lynch upside	-51.11%
P/B ratio	1.27x
P/E ratio	10.23x
P/FCF ratio	10.29x
P/OCF ratio	6.81x
P/S ratio	1.5x
Price / tangible book value	1.93x
Price/EBITDA ratio	8.21x
Sector forward P/E	15.97x
Sector P/E	53.73x

Metric

Value

Average P/E ratio (10Y)

12.45x

Average P/E ratio (3Y)

11.37x

Average P/E ratio (5Y)

10.76x

Earnings yield

9.78%

EV/Earnings

9.05x

EV/EBIT

8.03x

EV/EBITDA

6.96x

EV/FCF

9.11x

EV/Sales

1.33x

FCF / EV yield

10.98%

FCF yield

9.72%

Forward P/E

10.21x

Graham number

18.48485

Graham upside

25.49%

Industry P/E

26.61x

Lynch fair value

CNY 7.20

Lynch upside

-51.11%

P/B ratio

1.27x

P/E ratio

10.23x

P/FCF ratio

10.29x

P/OCF ratio

6.81x

P/S ratio

1.5x

Price / tangible book value

1.93x

Price/EBITDA ratio

8.21x

Sector forward P/E

15.97x

Sector P/E

53.73x

Metric	Value
EBIT margin	16.56%
EBITDA margin	18.3%
Effective tax rate	4.4%
FCF margin	14.61%
Gross margin	39.65%
Operating margin	16.56%
Pretax margin	17.36%
Profit margin	14.69%
Profit per employee	CNY 181,242
Profitable quarters	48
Profitable years	15
Revenue per employee	CNY 1.2M
ROA	4.77%
ROA (5Y)	4.31%
ROCE	12.48%
ROE	14.62%
ROE (5Y)	13.62%
ROIC	18.77%
ROIC (5Y)	18.14%
Tax / revenue	0.76%

Metric

Value

EBIT margin

16.56%

EBITDA margin

18.3%

Effective tax rate

4.4%

FCF margin

14.61%

Gross margin

39.65%

Operating margin

16.56%

Pretax margin

17.36%

Profit margin

14.69%

Profit per employee

CNY 181,242

Profitable quarters

Profitable years

Revenue per employee

CNY 1.2M

ROA

4.77%

ROA (5Y)

4.31%

ROCE

12.48%

ROE

14.62%

ROE (5Y)

13.62%

ROIC

18.77%

ROIC (5Y)

18.14%

Tax / revenue

0.76%

Metric	Value
EPS growth	12.46%
EPS growth (Q)	50.42%
EPS growth (QoQ)	238.95%
EPS growth 10Y	11.07%
EPS growth 3Y	5.68%
EPS growth 5Y	4.58%
EPS growth quarters	2
EPS growth years	1
FCF growth	11.99%
FCF growth 3Y	6.89%
FCF growth 5Y	12.94%
Gross profit growth	10.51%
Gross profit growth (Q)	26.17%
Gross profit growth 3Y	5.92%
Gross profit growth 5Y	7.11%
Net income growth	12.32%
Net income growth (Q)	51%
Net income growth (QoQ)	246.08%
Net income growth 3Y	5.63%
Net income growth 5Y	4.29%
Net income growth quarters	2
Net income growth years	1
OCF growth	4.51%
OCF growth (Q)	25.23%
OCF growth (QoQ)	-87.37%
OCF growth 10Y	11.51%
OCF growth 3Y	8.1%
OCF growth 5Y	12.93%
Operating income growth	19.53%
Operating income growth (Q)	48.66%
Operating income growth 3Y	8.51%
Operating income growth 5Y	10.77%
Revenue growth	-3.68%
Revenue growth (Q)	8.38%
Revenue growth (QoQ)	37.64%
Revenue growth 10Y	5.69%
Revenue growth 3Y	-2.2%
Revenue growth 5Y	1.14%
Revenue growth quarters	1
Revenue growth years	0

Metric

Value

EPS growth

12.46%

EPS growth (Q)

50.42%

EPS growth (QoQ)

238.95%

EPS growth 10Y

11.07%

EPS growth 3Y

5.68%

EPS growth 5Y

4.58%

EPS growth quarters

EPS growth years

FCF growth

11.99%

FCF growth 3Y

6.89%

FCF growth 5Y

12.94%

Gross profit growth

10.51%

Gross profit growth (Q)

26.17%

Gross profit growth 3Y

5.92%

Gross profit growth 5Y

7.11%

Net income growth

12.32%

Net income growth (Q)

51%

Net income growth (QoQ)

246.08%

Net income growth 3Y

5.63%

Net income growth 5Y

4.29%

Net income growth quarters

Net income growth years

OCF growth

4.51%

OCF growth (Q)

25.23%

OCF growth (QoQ)

-87.37%

OCF growth 10Y

11.51%

OCF growth 3Y

8.1%

OCF growth 5Y

12.93%

Operating income growth

19.53%

Operating income growth (Q)

48.66%

Operating income growth 3Y

8.51%

Operating income growth 5Y

10.77%

Revenue growth

-3.68%

Revenue growth (Q)

8.38%

Revenue growth (QoQ)

37.64%

Revenue growth 10Y

5.69%

Revenue growth 3Y

-2.2%

Revenue growth 5Y

1.14%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	CNY -643.8M
Depreciation and amortization	CNY 150.6M
EBIT	CNY 1.4B
EBITDA	CNY 1.6B
EPS	CNY 1.44
FCF per share	CNY 1.43
Financing cash flow	CNY -1.3B
Free cash flow	CNY 1.3B
Gross profit	CNY 3.4B
Income taxes	CNY 66.1M
Investing cash flow	CNY -865.5M
Net borrowing	CNY -732.6M
Net cash flow	CNY -254.9M
Net income	CNY 1.3B
Operating income	CNY 1.4B
Revenue	CNY 8.6B

Metric

Value

Capital expenditures

CNY -643.8M

Depreciation and amortization

CNY 150.6M

EBIT

CNY 1.4B

EBITDA

CNY 1.6B

EPS

CNY 1.44

FCF per share

CNY 1.43

Financing cash flow

CNY -1.3B

Free cash flow

CNY 1.3B

Gross profit

CNY 3.4B

Income taxes

CNY 66.1M

Investing cash flow

CNY -865.5M

Net borrowing

CNY -732.6M

Net cash flow

CNY -254.9M

Net income

CNY 1.3B

Operating income

CNY 1.4B

Revenue

CNY 8.6B

Metric	Value
Altman Z-Score	2.17
Book value per share	CNY 10.54
Debt / EBITDA	0.52
Debt / equity	0.08
Debt / FCF	0.68
Goodwill	CNY 14.7M
Interest coverage	55.03
Long-term assets	CNY 9.7B
Long-term liabilities	CNY 1.2B
Net cash (debt)	CNY 2.3B
Net cash / market cap	17.9%
Net cash growth	58.07%
Net debt / EBITDA	-1.47
Net debt / equity	-0.23
Net debt / FCF	-1.84
Piotroski F-Score	6
Property, plant and equipment	CNY 4.8B
Shareholders' equity	CNY 10.3B
Tangible book value	CNY 6.7B
Tangible book value per share	CNY 7.55
Total assets	CNY 19.2B
Total cash	CNY 3.2B
Total debt	CNY 855.2M
Total liabilities	CNY 8.9B
WACC	5.24%

Metric

Value

Altman Z-Score

2.17

Book value per share

CNY 10.54

Debt / EBITDA

0.52

Debt / equity

0.08

Debt / FCF

0.68

Goodwill

CNY 14.7M

Interest coverage

55.03

Long-term assets

CNY 9.7B

Long-term liabilities

CNY 1.2B

Net cash (debt)

CNY 2.3B

Net cash / market cap

17.9%

Net cash growth

58.07%

Net debt / EBITDA

-1.47

Net debt / equity

-0.23

Net debt / FCF

-1.84

Piotroski F-Score

Property, plant and equipment

CNY 4.8B

Shareholders' equity

CNY 10.3B

Tangible book value

CNY 6.7B

Tangible book value per share

CNY 7.55

Total assets

CNY 19.2B

Total cash

CNY 3.2B

Total debt

CNY 855.2M

Total liabilities

CNY 8.9B

WACC

5.24%

Metric	Value
Asset turnover	0.46
Current assets	CNY 9.5B
Current liabilities	CNY 7.7B
Current ratio	1.24
Inventory turnover	3.32
Net working capital	CNY -1.3B
Quick ratio	0.93
Working capital	CNY 1.8B
Working capital turnover	4.78

Metric

Value

Asset turnover

0.46

Current assets

CNY 9.5B

Current liabilities

CNY 7.7B

Current ratio

1.24

Inventory turnover

3.32

Net working capital

CNY -1.3B

Quick ratio

0.93

Working capital

CNY 1.8B

Working capital turnover

4.78

Metric	Value
Buyback yield / dilution	0.13%
Dividend growth	1.82%
Dividend growth (3Y)	6.01%
Dividend growth (5Y)	12.56%
Dividend growth years	9
Dividend payment date	2026-07-22
Dividend payment years	11
Dividend payout frequency	Annual
Dividend per share	CNY 0.56
Dividend yield	3.8%
Ex-dividend date	2026-07-22
FCF payout ratio	38.98%
Last dividend	CNY 0.56
Payout ratio	47.38%
Shareholder yield	3.93%

Metric

Value

Buyback yield / dilution

0.13%

Dividend growth

1.82%

Dividend growth (3Y)

6.01%

Dividend growth (5Y)

12.56%

Dividend growth years

Dividend payment date

2026-07-22

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

CNY 0.56

Dividend yield

3.8%

Ex-dividend date

2026-07-22

FCF payout ratio

38.98%

Last dividend

CNY 0.56

Payout ratio

47.38%

Shareholder yield

3.93%

Metric	Value
150-day SMA	CNY 12.29
1D price change	2.29%
1M price change	17.93%
1M total return	17.93%
1W price change	11.93%
1W total return	11.93%
1Y price change	4.03%
1Y return CAGR	9.09%
1Y total return	9.09%
20-day SMA	CNY 13.19
200-day SMA	CNY 12.87
3M price change	29.78%
3M total return	29.78%
3Y price change	1.94%
3Y return CAGR	5.07%
3Y total return	16%
50-day SMA	CNY 12.53
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 16.84
52-week high date	2026-01-14
52-week low	CNY 10.51
52-week low date	2026-06-29
5Y price change	112.86%
5Y return CAGR	20.95%
5Y total return	158.78%
6M price change	19.95%
6M total return	25.79%
All-time high	CNY 29.64
All-time high date	2023-06-02
All-time low	CNY 6.47
All-time low date	2018-10-19
Average true range (ATR)	CNY 0.65
Average volume	18.9M
Beta (1Y)	0.26
Beta (2Y)	0.24
Beta (5Y)	0.21
Change from 52-week high	-12.53%
Change from 52-week low	40.15%
Change from all-time high	-50.3%
Change from all-time low	127.67%
Change from open	2.79%
Day's gap	-0.49%
Dollar volume	CNY 549.8M
High price	CNY 14.84
Low price	CNY 14.08
Monthly RSI	55.01
Open price	CNY 14.33
Position in 52-week range	85.53%
Previous close	CNY 14.40
Price vs 150-day SMA	19.86%
Price vs 20-day SMA	11.7%
Price vs 200-day SMA	14.47%
Price vs 50-day SMA	17.56%
Relative volume	2.02
RSI	72.6
Sharpe ratio	0.58
Sharpe ratio (3Y)	0.1
Sharpe ratio (5Y)	0.55
Sortino ratio	1.16
Sortino ratio (3Y)	0.29
Sortino ratio (5Y)	1
Volume	37.3M
Weekly RSI	66.57
YTD price change	9.84%
YTD total return	15.19%

Metric

Value

150-day SMA

CNY 12.29

1D price change

2.29%

1M price change

17.93%

1M total return

17.93%

1W price change

11.93%

1W total return

11.93%

1Y price change

4.03%

1Y return CAGR

9.09%

1Y total return

9.09%

20-day SMA

CNY 13.19

200-day SMA

CNY 12.87

3M price change

29.78%

3M total return

29.78%

3Y price change

1.94%

3Y return CAGR

5.07%

3Y total return

16%

50-day SMA

CNY 12.53

50-day SMA vs 200-day SMA

50under200

52-week high

CNY 16.84

52-week high date

2026-01-14

52-week low

CNY 10.51

52-week low date

2026-06-29

5Y price change

112.86%

5Y return CAGR

20.95%

5Y total return

158.78%

6M price change

19.95%

6M total return

25.79%

All-time high

CNY 29.64

All-time high date

2023-06-02

All-time low

CNY 6.47

All-time low date

2018-10-19

Average true range (ATR)

CNY 0.65

Average volume

18.9M

Beta (1Y)

0.26

Beta (2Y)

0.24

Beta (5Y)

0.21

Change from 52-week high

-12.53%

Change from 52-week low

40.15%

Change from all-time high

-50.3%

Change from all-time low

127.67%

Change from open

2.79%

Day's gap

-0.49%

Dollar volume

CNY 549.8M

High price

CNY 14.84

Low price

CNY 14.08

Monthly RSI

55.01

Open price

CNY 14.33

Position in 52-week range

85.53%

Previous close

CNY 14.40

Price vs 150-day SMA

19.86%

Price vs 20-day SMA

11.7%

Price vs 200-day SMA

14.47%

Price vs 50-day SMA

17.56%

Relative volume

2.02

RSI

72.6

Sharpe ratio

0.58

Sharpe ratio (3Y)

0.1

Sharpe ratio (5Y)

0.55

Sortino ratio

1.16

Sortino ratio (3Y)

0.29

Sortino ratio (5Y)

Volume

37.3M

Weekly RSI

66.57

YTD price change

9.84%

YTD total return

15.19%

Metric	Value
Float	317.4M
Shares change (QoQ)	2.1%
Shares change (YoY)	-0.13%
Shares held by institutions	9.54%
Shares outstanding	882M

Metric

Value

Float

317.4M

Shares change (QoQ)

2.1%

Shares change (YoY)

-0.13%

Shares held by institutions

9.54%

Shares outstanding

882M

SHA/601900 (SHA/601900)

Price

Financial snapshot

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Profitability

Balance sheet

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All SHA/601900 indicators

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Valuation

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Performance and technicals

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Frequently asked questions