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SHE/000538 (SHE/000538)

Shenzhen Stock Exchange: SHE/000538 · CNY

CN¥53.0

-0.42 (-0.8%)· Recorded snapshot

Market cap	94.6B
Revenue (ttm)	41.8B
Net income (ttm)	5.2B
EPS (ttm)	CN¥2.92
Shares out	1.8B
P/E (trailing)	18.1x
P/E (forward)	16.7x
Dividend	CN¥2.62 (4.94%)
Volume	8,061,901
Beta	0.12

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	CNY
Country	China
Country code	CN
Earnings date	2026-10-30
Employees	9,286
Employees change	9
Employees growth	0.1%
Enterprise value	CNY 80.4B
Exchange	Shenzhen Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1902
Industry	Drug Manufacturers - Specialty & Generic
Is primary listing	Yes
ISIN number	CNE0000008X7
Last earnings date	2026-08-29
Last refreshed	2026-10-28
Last stock split date	2022-05-05
Last stock split type	Forward
Market cap	CNY 94.6B
Next earnings date	2026-10-30
Price	CNY 53.01
Price currency	CNY
Sector	Healthcare
SIC code	2834
Stock price date	2026-10-28
Symbol	she/000538
Website	https://www.yunnanbaiyao.com.cn

Metric

Value

Amount currency

CNY

Country

China

Country code

Earnings date

2026-10-30

Employees

9,286

Employees change

Employees growth

0.1%

Enterprise value

CNY 80.4B

Exchange

Shenzhen Stock Exchange

Financial currency

CNY

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1902

Industry

Drug Manufacturers - Specialty & Generic

Is primary listing

Yes

ISIN number

CNE0000008X7

Last earnings date

2026-08-29

Last refreshed

2026-10-28

Last stock split date

2022-05-05

Last stock split type

Forward

Market cap

CNY 94.6B

Next earnings date

2026-10-30

Price

CNY 53.01

Price currency

CNY

Sector

Healthcare

SIC code

2834

Stock price date

2026-10-28

Symbol

she/000538

Website

https://www.yunnanbaiyao.com.cn

Metric	Value
Adjusted P/E ratio	19.2x
Average P/E ratio (10Y)	26.69x
Average P/E ratio (3Y)	20.34x
Average P/E ratio (5Y)	26.04x
Earnings yield	5.51%
EV/Earnings	15.39x
EV/EBIT	16.61x
EV/EBITDA	15.45x
EV/FCF	18.92x
EV/Sales	1.92x
FCF / EV yield	5.28%
FCF yield	4.49%
Forward P/E	16.71x
Graham number	38.85812
Graham upside	-26.7%
Industry forward P/E	18.72x
Industry P/E	33.27x
Lynch fair value	CNY 14.61
Lynch upside	-72.44%
P/B ratio	2.3x
P/E ratio	18.14x
P/FCF ratio	22.27x
P/OCF ratio	19.94x
P/S ratio	2.26x
PEG ratio	2.57x
Price / tangible book value	2.37x
Price/EBITDA ratio	18.58x
Sector forward P/E	20.65x
Sector P/E	37.05x

Metric

Value

Adjusted P/E ratio

19.2x

Average P/E ratio (10Y)

26.69x

Average P/E ratio (3Y)

20.34x

Average P/E ratio (5Y)

26.04x

Earnings yield

5.51%

EV/Earnings

15.39x

EV/EBIT

16.61x

EV/EBITDA

15.45x

EV/FCF

18.92x

EV/Sales

1.92x

FCF / EV yield

5.28%

FCF yield

4.49%

Forward P/E

16.71x

Graham number

38.85812

Graham upside

-26.7%

Industry forward P/E

18.72x

Industry P/E

33.27x

Lynch fair value

CNY 14.61

Lynch upside

-72.44%

P/B ratio

2.3x

P/E ratio

18.14x

P/FCF ratio

22.27x

P/OCF ratio

19.94x

P/S ratio

2.26x

PEG ratio

2.57x

Price / tangible book value

2.37x

Price/EBITDA ratio

18.58x

Sector forward P/E

20.65x

Sector P/E

37.05x

Metric	Value
EBIT margin	11.57%
EBITDA margin	12.17%
Effective tax rate	13.97%
FCF margin	10.16%
Gross margin	28.55%
Operating margin	11.57%
Pretax margin	14.57%
Profit margin	12.49%
Profit per employee	CNY 562,325
Profitable quarters	10
Profitable years	35
Revenue per employee	CNY 4.5M
ROA	5.52%
ROA (5Y)	4.85%
ROCE	11.48%
ROE	12.86%
ROE (5Y)	10.08%
ROIC	15.08%
ROIC (5Y)	16.2%
Tax / revenue	2.04%

Metric

Value

EBIT margin

11.57%

EBITDA margin

12.17%

Effective tax rate

13.97%

FCF margin

10.16%

Gross margin

28.55%

Operating margin

11.57%

Pretax margin

14.57%

Profit margin

12.49%

Profit per employee

CNY 562,325

Profitable quarters

Profitable years

Revenue per employee

CNY 4.5M

ROA

5.52%

ROA (5Y)

4.85%

ROCE

11.48%

ROE

12.86%

ROE (5Y)

10.08%

ROIC

15.08%

ROIC (5Y)

16.2%

Tax / revenue

2.04%

Metric	Value
EPS growth	0.45%
EPS growth (Q)	-3.04%
EPS growth (QoQ)	-18.41%
EPS growth 10Y	3.94%
EPS growth 3Y	6.59%
EPS growth 5Y	1.56%
EPS growth years	4
FCF growth	-2.72%
FCF growth (Q)	0.71%
FCF growth (QoQ)	361.11%
FCF growth 3Y	4.09%
FCF growth 5Y	0.26%
Gross profit growth	2.49%
Gross profit growth (Q)	-3.13%
Gross profit growth 3Y	6.15%
Gross profit growth 5Y	3.6%
Net income growth	0.54%
Net income growth (Q)	-2.03%
Net income growth (QoQ)	-18.33%
Net income growth 3Y	6.45%
Net income growth 5Y	1.43%
Net income growth years	4
OCF growth	-5.04%
OCF growth (Q)	0.91%
OCF growth (QoQ)	295.29%
OCF growth 10Y	7.37%
OCF growth 3Y	3.47%
OCF growth 5Y	-0.04%
Operating income growth	1.11%
Operating income growth (Q)	9.38%
Operating income growth 3Y	5.97%
Operating income growth 5Y	3.83%
Revenue growth	2.4%
Revenue growth (Q)	-1.29%
Revenue growth (QoQ)	-11.39%
Revenue growth 10Y	6.8%
Revenue growth 3Y	2.54%
Revenue growth 5Y	2.85%
Revenue growth years	34

Metric

Value

EPS growth

0.45%

EPS growth (Q)

-3.04%

EPS growth (QoQ)

-18.41%

EPS growth 10Y

3.94%

EPS growth 3Y

6.59%

EPS growth 5Y

1.56%

EPS growth years

FCF growth

-2.72%

FCF growth (Q)

0.71%

FCF growth (QoQ)

361.11%

FCF growth 3Y

4.09%

FCF growth 5Y

0.26%

Gross profit growth

2.49%

Gross profit growth (Q)

-3.13%

Gross profit growth 3Y

6.15%

Gross profit growth 5Y

3.6%

Net income growth

0.54%

Net income growth (Q)

-2.03%

Net income growth (QoQ)

-18.33%

Net income growth 3Y

6.45%

Net income growth 5Y

1.43%

Net income growth years

OCF growth

-5.04%

OCF growth (Q)

0.91%

OCF growth (QoQ)

295.29%

OCF growth 10Y

7.37%

OCF growth 3Y

3.47%

OCF growth 5Y

-0.04%

Operating income growth

1.11%

Operating income growth (Q)

9.38%

Operating income growth 3Y

5.97%

Operating income growth 5Y

3.83%

Revenue growth

2.4%

Revenue growth (Q)

-1.29%

Revenue growth (QoQ)

-11.39%

Revenue growth 10Y

6.8%

Revenue growth 3Y

2.54%

Revenue growth 5Y

2.85%

Revenue growth years

Metric	Value
Capital expenditures	CNY -497.7M
Depreciation and amortization	CNY 250.4M
EBIT	CNY 4.8B
EBITDA	CNY 5.1B
EPS	CNY 2.92
FCF per share	CNY 2.38
Financing cash flow	CNY -4.8B
Free cash flow	CNY 4.2B
Gross profit	CNY 11.9B
Income taxes	CNY 851.4M
Investing cash flow	CNY -1.6B
Net borrowing	CNY -132.1M
Net cash flow	CNY -1.7B
Net income	CNY 5.2B
Operating income	CNY 4.8B
Revenue	CNY 41.8B

Metric

Value

Capital expenditures

CNY -497.7M

Depreciation and amortization

CNY 250.4M

EBIT

CNY 4.8B

EBITDA

CNY 5.1B

EPS

CNY 2.92

FCF per share

CNY 2.38

Financing cash flow

CNY -4.8B

Free cash flow

CNY 4.2B

Gross profit

CNY 11.9B

Income taxes

CNY 851.4M

Investing cash flow

CNY -1.6B

Net borrowing

CNY -132.1M

Net cash flow

CNY -1.7B

Net income

CNY 5.2B

Operating income

CNY 4.8B

Revenue

CNY 41.8B

Metric	Value
Altman Z-Score	6.27
Book value per share	CNY 22.96
Debt / EBITDA	0.06
Debt / equity	0.01
Debt / FCF	0.08
Goodwill	CNY 300.8M
Interest coverage	206.24
Long-term assets	CNY 20.9B
Long-term liabilities	CNY 1.1B
Net cash (debt)	CNY 14.3B
Net cash / market cap	15.12%
Net cash growth	-4.65%
Net debt / EBITDA	-2.81
Net debt / equity	-0.35
Net debt / FCF	-3.37
Piotroski F-Score	5
Property, plant and equipment	CNY 4.4B
Shareholders' equity	CNY 41B
Tangible book value	CNY 40B
Tangible book value per share	CNY 22.41
Total assets	CNY 55.1B
Total cash	CNY 14.6B
Total debt	CNY 325.2M
Total liabilities	CNY 14.1B
WACC	4.94%

Metric

Value

Altman Z-Score

6.27

Book value per share

CNY 22.96

Debt / EBITDA

0.06

Debt / equity

0.01

Debt / FCF

0.08

Goodwill

CNY 300.8M

Interest coverage

206.24

Long-term assets

CNY 20.9B

Long-term liabilities

CNY 1.1B

Net cash (debt)

CNY 14.3B

Net cash / market cap

15.12%

Net cash growth

-4.65%

Net debt / EBITDA

-2.81

Net debt / equity

-0.35

Net debt / FCF

-3.37

Piotroski F-Score

Property, plant and equipment

CNY 4.4B

Shareholders' equity

CNY 41B

Tangible book value

CNY 40B

Tangible book value per share

CNY 22.41

Total assets

CNY 55.1B

Total cash

CNY 14.6B

Total debt

CNY 325.2M

Total liabilities

CNY 14.1B

WACC

4.94%

Metric	Value
Asset turnover	0.76
Current assets	CNY 34.3B
Current liabilities	CNY 13B
Current ratio	2.64
Inventory turnover	4.99
Net working capital	CNY 6.8B
Quick ratio	2.07
Working capital	CNY 21.3B
Working capital turnover	1.92

Metric

Value

Asset turnover

0.76

Current assets

CNY 34.3B

Current liabilities

CNY 13B

Current ratio

2.64

Inventory turnover

4.99

Net working capital

CNY 6.8B

Quick ratio

2.07

Working capital

CNY 21.3B

Working capital turnover

1.92

Metric	Value
Buyback yield / dilution	-0.09%
Dividend growth	18.92%
Dividend growth (10Y)	19.85%
Dividend growth (3Y)	19.92%
Dividend growth (5Y)	-1.21%
Dividend growth years	0
Dividend payment date	2026-09-24
Dividend payment years	27
Dividend payout frequency	Semi-Annual
Dividend per share	CNY 2.62
Dividend yield	4.94%
Ex-dividend date	2026-09-24
FCF payout ratio	110.12%
Last dividend	CNY 1.04
Payout ratio	89.23%
Shareholder yield	4.85%

Metric

Value

Buyback yield / dilution

-0.09%

Dividend growth

18.92%

Dividend growth (10Y)

19.85%

Dividend growth (3Y)

19.92%

Dividend growth (5Y)

-1.21%

Dividend growth years

Dividend payment date

2026-09-24

Dividend payment years

Dividend payout frequency

Semi-Annual

Dividend per share

CNY 2.62

Dividend yield

4.94%

Ex-dividend date

2026-09-24

FCF payout ratio

110.12%

Last dividend

CNY 1.04

Payout ratio

89.23%

Shareholder yield

4.85%

Metric	Value
150-day SMA	CNY 51.53
15Y price change	96.71%
15Y return CAGR	7.01%
15Y total return	176.32%
1D price change	-0.79%
1M price change	6.3%
1M total return	6.3%
1W price change	0.4%
1W total return	0.4%
1Y price change	-6.13%
1Y return CAGR	-1.33%
1Y total return	-1.33%
20-day SMA	CNY 52.14
200-day SMA	CNY 52.79
20Y price change	665.71%
20Y return CAGR	12.72%
20Y total return	996.63%
3M price change	3.7%
3M total return	5.84%
3Y price change	4.97%
3Y return CAGR	6.73%
3Y total return	21.58%
50-day SMA	CNY 51.11
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 58.20
52-week high date	2026-02-06
52-week low	CNY 46.29
52-week low date	2026-06-29
5Y price change	-19.23%
5Y return CAGR	-0.37%
5Y total return	-1.83%
6M price change	-2.36%
6M total return	2.63%
All-time high	CNY 116.63
All-time high date	2021-02-18
All-time low	CNY 0.39
All-time low date	1996-07-09
Average true range (ATR)	CNY 0.89
Average volume	9.8M
Beta (1Y)	-0.12
Beta (2Y)	-0.05
Beta (5Y)	0.12
Change from 52-week high	-8.92%
Change from 52-week low	14.52%
Change from all-time high	-54.55%
Change from all-time low	13,492.31%
Change from open	0.45%
Day's gap	-1.24%
Dollar volume	CNY 427.4M
High price	CNY 53.59
Low price	CNY 52.77
Monthly RSI	47.96
Open price	CNY 52.77
Position in 52-week range	29.27%
Previous close	CNY 53.43
Price vs 150-day SMA	2.87%
Price vs 20-day SMA	1.67%
Price vs 200-day SMA	0.42%
Price vs 50-day SMA	3.72%
Relative volume	0.82
RSI	57.61
Sharpe ratio	-0.39
Sharpe ratio (3Y)	0.14
Sharpe ratio (5Y)	-0.15
Sortino ratio	-0.16
Sortino ratio (3Y)	0.55
Sortino ratio (5Y)	0.06
Volume	8.1M
Weekly RSI	54.06
YTD price change	-6.61%
YTD total return	-1.84%

Metric

Value

150-day SMA

CNY 51.53

15Y price change

96.71%

15Y return CAGR

7.01%

15Y total return

176.32%

1D price change

-0.79%

1M price change

6.3%

1M total return

6.3%

1W price change

0.4%

1W total return

0.4%

1Y price change

-6.13%

1Y return CAGR

-1.33%

1Y total return

-1.33%

20-day SMA

CNY 52.14

200-day SMA

CNY 52.79

20Y price change

665.71%

20Y return CAGR

12.72%

20Y total return

996.63%

3M price change

3.7%

3M total return

5.84%

3Y price change

4.97%

3Y return CAGR

6.73%

3Y total return

21.58%

50-day SMA

CNY 51.11

50-day SMA vs 200-day SMA

50under200

52-week high

CNY 58.20

52-week high date

2026-02-06

52-week low

CNY 46.29

52-week low date

2026-06-29

5Y price change

-19.23%

5Y return CAGR

-0.37%

5Y total return

-1.83%

6M price change

-2.36%

6M total return

2.63%

All-time high

CNY 116.63

All-time high date

2021-02-18

All-time low

CNY 0.39

All-time low date

1996-07-09

Average true range (ATR)

CNY 0.89

Average volume

9.8M

Beta (1Y)

-0.12

Beta (2Y)

-0.05

Beta (5Y)

0.12

Change from 52-week high

-8.92%

Change from 52-week low

14.52%

Change from all-time high

-54.55%

Change from all-time low

13,492.31%

Change from open

0.45%

Day's gap

-1.24%

Dollar volume

CNY 427.4M

High price

CNY 53.59

Low price

CNY 52.77

Monthly RSI

47.96

Open price

CNY 52.77

Position in 52-week range

29.27%

Previous close

CNY 53.43

Price vs 150-day SMA

2.87%

Price vs 20-day SMA

1.67%

Price vs 200-day SMA

0.42%

Price vs 50-day SMA

3.72%

Relative volume

0.82

RSI

57.61

Sharpe ratio

-0.39

Sharpe ratio (3Y)

0.14

Sharpe ratio (5Y)

-0.15

Sortino ratio

-0.16

Sortino ratio (3Y)

0.55

Sortino ratio (5Y)

0.06

Volume

8.1M

Weekly RSI

54.06

YTD price change

-6.61%

YTD total return

-1.84%

Metric	Value
Float	722.3M
Shares change (QoQ)	0.1%
Shares change (YoY)	0.09%
Shares held by insiders	0.71%
Shares held by institutions	11.66%
Shares outstanding	1.8B

Metric

Value

Float

722.3M

Shares change (QoQ)

0.1%

Shares change (YoY)

0.09%

Shares held by insiders

0.71%

Shares held by institutions

11.66%

Shares outstanding

1.8B

SHE/000538 (SHE/000538)

Price

Financial snapshot

Fair-value bridge

Latest news · SHE/000538

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHE/000538 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 SHE/000538

Frequently asked questions