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SHA/600228 (SHA/600228)

Shanghai Stock Exchange: SHA/600228 · CNY

CN¥8.99

+0.15 (+1.7%)· Recorded snapshot

Market cap	3.7B
Revenue (ttm)	703.8M
Net income (ttm)	-58.4M
EPS (ttm)	-CN¥0.14
Shares out	416.7M
Volume	11,641,200
Beta	0.57

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 703.8M
Net income (ttm): -58.4M
EPS (ttm): -CN¥0.14
Market cap: 3.7B

Metric	Value
Amount currency	CNY
Country	China
Country code	CN
Earnings date	2026-10-30
Employees	142
Employees change	2
Employees growth	1.43%
Enterprise value	CNY 3.5B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1999
Industry	Internet Content & Information
Is primary listing	Yes
ISIN number	CNE000000Y78
Last earnings date	2026-08-22
Last refreshed	2026-10-28
Market cap	CNY 3.7B
Next earnings date	2026-10-30
Price	CNY 8.99
Price currency	CNY
Sector	Communication Services
SIC code	7370
Stock price date	2026-10-28
Symbol	sha/600228
Website	https://corp.fanli.com

Metric

Value

Amount currency

CNY

Country

China

Country code

Earnings date

2026-10-30

Employees

142

Employees change

Employees growth

1.43%

Enterprise value

CNY 3.5B

Exchange

Shanghai Stock Exchange

Financial currency

CNY

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1999

Industry

Internet Content & Information

Is primary listing

Yes

ISIN number

CNE000000Y78

Last earnings date

2026-08-22

Last refreshed

2026-10-28

Market cap

CNY 3.7B

Next earnings date

2026-10-30

Price

CNY 8.99

Price currency

CNY

Sector

Communication Services

SIC code

7370

Stock price date

2026-10-28

Symbol

sha/600228

Website

https://corp.fanli.com

Metric	Value
Average P/E ratio (5Y)	144.52x
Earnings yield	-1.56%
EV/Sales	4.93x
FCF / EV yield	-1.51%
FCF yield	-1.4%
Industry P/E	67.39x
P/B ratio	10.18x
P/S ratio	5.32x
Price / tangible book value	10.19x
Sector forward P/E	15.97x
Sector P/E	53.73x

Metric

Value

Average P/E ratio (5Y)

144.52x

Earnings yield

-1.56%

EV/Sales

4.93x

FCF / EV yield

-1.51%

FCF yield

-1.4%

Industry P/E

67.39x

P/B ratio

10.18x

P/S ratio

5.32x

Price / tangible book value

10.19x

Sector forward P/E

15.97x

Sector P/E

53.73x

Metric	Value
EBIT margin	-7.37%
EBITDA margin	-7.28%
Gross margin	48.35%
Operating margin	-7.37%
Pretax margin	-8.61%
Profit margin	-8.29%
Profit per employee	CNY -411,075
Revenue per employee	CNY 5M
ROA	-5.57%
ROA (5Y)	-0.04%
ROCE	-13.46%
ROE	-14.73%
ROE (5Y)	0.53%
ROIC	-58.04%
Tax / revenue	-0.32%

Metric

Value

EBIT margin

-7.37%

EBITDA margin

-7.28%

Gross margin

48.35%

Operating margin

-7.37%

Pretax margin

-8.61%

Profit margin

-8.29%

Profit per employee

CNY -411,075

Revenue per employee

CNY 5M

ROA

-5.57%

ROA (5Y)

-0.04%

ROCE

-13.46%

ROE

-14.73%

ROE (5Y)

0.53%

ROIC

-58.04%

Tax / revenue

-0.32%

Metric	Value
EPS growth quarters	1
EPS growth years	0
Gross profit growth	184.88%
Gross profit growth (Q)	41.6%
Gross profit growth 3Y	-0.98%
Gross profit growth 5Y	-1.44%
Net income growth quarters	1
Net income growth years	0
Revenue growth	140.11%
Revenue growth (Q)	47.11%
Revenue growth (QoQ)	37.23%
Revenue growth 10Y	-2.68%
Revenue growth 3Y	13.96%
Revenue growth 5Y	6.77%
Revenue growth quarters	5
Revenue growth years	1

Metric

Value

EPS growth quarters

EPS growth years

Gross profit growth

184.88%

Gross profit growth (Q)

41.6%

Gross profit growth 3Y

-0.98%

Gross profit growth 5Y

-1.44%

Net income growth quarters

Net income growth years

Revenue growth

140.11%

Revenue growth (Q)

47.11%

Revenue growth (QoQ)

37.23%

Revenue growth 10Y

-2.68%

Revenue growth 3Y

13.96%

Revenue growth 5Y

6.77%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	CNY -2.3M
Depreciation and amortization	CNY 674,280
EBIT	CNY -51.9M
EBITDA	CNY -51.2M
EPS	CNY -0.14
FCF per share	CNY -0.13
Financing cash flow	CNY -5.3M
Free cash flow	CNY -52.3M
Gross profit	CNY 340.3M
Income taxes	CNY -2.2M
Investing cash flow	CNY -1.3M
Net borrowing	CNY 1M
Net cash flow	CNY -57.6M
Net income	CNY -58.4M
Operating income	CNY -51.9M
Revenue	CNY 703.8M

Metric

Value

Capital expenditures

CNY -2.3M

Depreciation and amortization

CNY 674,280

EBIT

CNY -51.9M

EBITDA

CNY -51.2M

EPS

CNY -0.14

FCF per share

CNY -0.13

Financing cash flow

CNY -5.3M

Free cash flow

CNY -52.3M

Gross profit

CNY 340.3M

Income taxes

CNY -2.2M

Investing cash flow

CNY -1.3M

Net borrowing

CNY 1M

Net cash flow

CNY -57.6M

Net income

CNY -58.4M

Operating income

CNY -51.9M

Revenue

CNY 703.8M

Metric	Value
Altman Z-Score	9.66
Book value per share	CNY 0.88
Debt / equity	0.01
Interest coverage	-191.98
Long-term assets	CNY 116.7M
Long-term liabilities	CNY 17.8M
Net cash (debt)	CNY 274.9M
Net cash / market cap	7.34%
Net cash growth	-16.61%
Net debt / equity	-0.75
Piotroski F-Score	3
Property, plant and equipment	CNY 7.2M
Shareholders' equity	CNY 367.9M
Tangible book value	CNY 367.7M
Tangible book value per share	CNY 0.88
Total assets	CNY 558.9M
Total cash	CNY 279.4M
Total debt	CNY 4.6M
Total liabilities	CNY 191M
WACC	7.37%

Metric

Value

Altman Z-Score

9.66

Book value per share

CNY 0.88

Debt / equity

0.01

Interest coverage

-191.98

Long-term assets

CNY 116.7M

Long-term liabilities

CNY 17.8M

Net cash (debt)

CNY 274.9M

Net cash / market cap

7.34%

Net cash growth

-16.61%

Net debt / equity

-0.75

Piotroski F-Score

Property, plant and equipment

CNY 7.2M

Shareholders' equity

CNY 367.9M

Tangible book value

CNY 367.7M

Tangible book value per share

CNY 0.88

Total assets

CNY 558.9M

Total cash

CNY 279.4M

Total debt

CNY 4.6M

Total liabilities

CNY 191M

WACC

7.37%

Metric	Value
Asset turnover	1.21
Current assets	CNY 442.3M
Current liabilities	CNY 173.3M
Current ratio	2.55
Inventory turnover	76.31
Net working capital	CNY -6.6M
Quick ratio	2.42
Working capital	CNY 269M
Working capital turnover	2.4

Metric

Value

Asset turnover

1.21

Current assets

CNY 442.3M

Current liabilities

CNY 173.3M

Current ratio

2.55

Inventory turnover

76.31

Net working capital

CNY -6.6M

Quick ratio

2.42

Working capital

CNY 269M

Working capital turnover

2.4

Metric	Value
Buyback yield / dilution	8.76%
Shareholder yield	8.76%

Metric

Value

Buyback yield / dilution

8.76%

Shareholder yield

8.76%

Metric	Value
150-day SMA	CNY 7.58
1D price change	1.7%
1M price change	-15.19%
1M total return	-15.19%
1W price change	-12.04%
1W total return	-12.04%
1Y price change	40.47%
1Y return CAGR	40.5%
1Y total return	40.47%
20-day SMA	CNY 9.76
200-day SMA	CNY 7.08
3M price change	52.12%
3M total return	52.12%
3Y price change	20.67%
3Y return CAGR	6.46%
3Y total return	20.67%
50-day SMA	CNY 9.62
50-day SMA vs 200-day SMA	50over200
52-week high	CNY 12.49
52-week high date	2026-09-21
52-week low	CNY 4.62
52-week low date	2025-12-17
5Y price change	42.02%
5Y return CAGR	7.27%
5Y total return	42.02%
6M price change	47.62%
6M total return	47.62%
All-time high	CNY 16.70
All-time high date	2023-05-09
All-time low	CNY 2.95
All-time low date	2025-05-06
Average true range (ATR)	CNY 0.66
Average volume	24.1M
Beta (1Y)	0.76
Beta (2Y)	0.46
Beta (5Y)	0.57
Change from 52-week high	-28.02%
Change from 52-week low	94.59%
Change from all-time high	-46.17%
Change from all-time low	204.75%
Change from open	1.24%
Day's gap	0.45%
Dollar volume	CNY 104.7M
High price	CNY 8.99
Low price	CNY 8.63
Monthly RSI	58.85
Open price	CNY 8.88
Position in 52-week range	100%
Previous close	CNY 8.84
Price vs 150-day SMA	18.65%
Price vs 20-day SMA	-7.93%
Price vs 200-day SMA	26.91%
Price vs 50-day SMA	-6.52%
Relative volume	0.47
RSI	41.93
Sharpe ratio	0.97
Sharpe ratio (3Y)	0.27
Sharpe ratio (5Y)	0.29
Sortino ratio	1.59
Sortino ratio (3Y)	0.5
Sortino ratio (5Y)	0.54
Volume	11.6M
Weekly RSI	54.19
YTD price change	60.25%
YTD total return	60.25%

Metric

Value

150-day SMA

CNY 7.58

1D price change

1.7%

1M price change

-15.19%

1M total return

-15.19%

1W price change

-12.04%

1W total return

-12.04%

1Y price change

40.47%

1Y return CAGR

40.5%

1Y total return

40.47%

20-day SMA

CNY 9.76

200-day SMA

CNY 7.08

3M price change

52.12%

3M total return

52.12%

3Y price change

20.67%

3Y return CAGR

6.46%

3Y total return

20.67%

50-day SMA

CNY 9.62

50-day SMA vs 200-day SMA

50over200

52-week high

CNY 12.49

52-week high date

2026-09-21

52-week low

CNY 4.62

52-week low date

2025-12-17

5Y price change

42.02%

5Y return CAGR

7.27%

5Y total return

42.02%

6M price change

47.62%

6M total return

47.62%

All-time high

CNY 16.70

All-time high date

2023-05-09

All-time low

CNY 2.95

All-time low date

2025-05-06

Average true range (ATR)

CNY 0.66

Average volume

24.1M

Beta (1Y)

0.76

Beta (2Y)

0.46

Beta (5Y)

0.57

Change from 52-week high

-28.02%

Change from 52-week low

94.59%

Change from all-time high

-46.17%

Change from all-time low

204.75%

Change from open

1.24%

Day's gap

0.45%

Dollar volume

CNY 104.7M

High price

CNY 8.99

Low price

CNY 8.63

Monthly RSI

58.85

Open price

CNY 8.88

Position in 52-week range

100%

Previous close

CNY 8.84

Price vs 150-day SMA

18.65%

Price vs 20-day SMA

-7.93%

Price vs 200-day SMA

26.91%

Price vs 50-day SMA

-6.52%

Relative volume

0.47

RSI

41.93

Sharpe ratio

0.97

Sharpe ratio (3Y)

0.27

Sharpe ratio (5Y)

0.29

Sortino ratio

1.59

Sortino ratio (3Y)

0.5

Sortino ratio (5Y)

0.54

Volume

11.6M

Weekly RSI

54.19

YTD price change

60.25%

YTD total return

60.25%

Metric	Value
Float	284.7M
Shares change (QoQ)	0.22%
Shares change (YoY)	-8.76%
Shares held by insiders	1.34%
Shares held by institutions	2.12%
Shares outstanding	416.7M

Metric

Value

Float

284.7M

Shares change (QoQ)

0.22%

Shares change (YoY)

-8.76%

Shares held by insiders

1.34%

Shares held by institutions

2.12%

Shares outstanding

416.7M

SHA/600228 (SHA/600228)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600228

Valuation

Profitability

Balance sheet

Trading

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Profile and market data

Valuation

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Financial statements

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Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on SHA/600228

Frequently asked questions