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SHA/600839 (SHA/600839)

Shanghai Stock Exchange: SHA/600839 · CNY

CN¥5.96

-0.02 (-0.3%)· Recorded snapshot

Market cap	27.3B
Revenue (ttm)	110.4B
Net income (ttm)	2.1B
EPS (ttm)	CN¥0.46
Shares out	4.6B
P/E (trailing)	12.9x
Dividend	CN¥0.06 (1.01%)
Volume	29,630,758
Beta	-0.18

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	CNY
Country	China
Country code	CN
Earnings date	2026-10-29
Employees	46,000
Employees change	-886
Employees growth	-1.89%
Enterprise value	CNY 22.6B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1958
Industry	Furnishings, Fixtures & Appliances
Is primary listing	Yes
ISIN number	CNE000000GJ4
Last earnings date	2026-08-26
Last refreshed	2026-10-28
Last stock split date	2011-06-24
Last stock split type	Forward
Market cap	CNY 27.3B
Next earnings date	2026-10-29
Price	CNY 5.96
Price currency	CNY
Sector	Consumer Discretionary
SIC code	3651
Stock price date	2026-10-28
Symbol	sha/600839
Website	https://cn.changhong.com

Metric

Value

Amount currency

CNY

Country

China

Country code

Earnings date

2026-10-29

Employees

46,000

Employees change

-886

Employees growth

-1.89%

Enterprise value

CNY 22.6B

Exchange

Shanghai Stock Exchange

Financial currency

CNY

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

1958

Industry

Furnishings, Fixtures & Appliances

Is primary listing

Yes

ISIN number

CNE000000GJ4

Last earnings date

2026-08-26

Last refreshed

2026-10-28

Last stock split date

2011-06-24

Last stock split type

Forward

Market cap

CNY 27.3B

Next earnings date

2026-10-29

Price

CNY 5.96

Price currency

CNY

Sector

Consumer Discretionary

SIC code

3651

Stock price date

2026-10-28

Symbol

sha/600839

Website

https://cn.changhong.com

Metric	Value
Average P/E ratio (10Y)	56.02x
Average P/E ratio (3Y)	40.51x
Average P/E ratio (5Y)	40.46x
Earnings yield	7.77%
EV/Earnings	10.61x
EV/EBIT	69.46x
EV/EBITDA	14.64x
EV/Sales	0.21x
FCF / EV yield	-6.54%
FCF yield	-5.41%
Graham number	6.14422
Graham upside	3.09%
Industry forward P/E	12.24x
Industry P/E	16.2x
Lynch fair value	CNY 11.57
Lynch upside	94.18%
P/B ratio	1x
P/E ratio	12.87x
P/S ratio	0.25x
Price / tangible book value	2.27x
Price/EBITDA ratio	19.28x
Sector forward P/E	15.98x
Sector P/E	29.75x

Metric

Value

Average P/E ratio (10Y)

56.02x

Average P/E ratio (3Y)

40.51x

Average P/E ratio (5Y)

40.46x

Earnings yield

7.77%

EV/Earnings

10.61x

EV/EBIT

69.46x

EV/EBITDA

14.64x

EV/Sales

0.21x

FCF / EV yield

-6.54%

FCF yield

-5.41%

Graham number

6.14422

Graham upside

3.09%

Industry forward P/E

12.24x

Industry P/E

16.2x

Lynch fair value

CNY 11.57

Lynch upside

94.18%

P/B ratio

P/E ratio

12.87x

P/S ratio

0.25x

Price / tangible book value

2.27x

Price/EBITDA ratio

19.28x

Sector forward P/E

15.98x

Sector P/E

29.75x

Metric	Value
EBIT margin	0.3%
EBITDA margin	1.28%
Effective tax rate	27.26%
Gross margin	7.78%
Operating margin	0.3%
Pretax margin	3.62%
Profit margin	1.93%
Profit per employee	CNY 46,393
Profitable quarters	2
Profitable years	10
Revenue per employee	CNY 2.4M
ROA	0.19%
ROA (5Y)	0.92%
ROCE	0.94%
ROE	11.04%
ROE (5Y)	6.21%
ROIC	1.5%
ROIC (5Y)	7.39%
Tax / revenue	0.99%

Metric

Value

EBIT margin

0.3%

EBITDA margin

1.28%

Effective tax rate

27.26%

Gross margin

7.78%

Operating margin

0.3%

Pretax margin

3.62%

Profit margin

1.93%

Profit per employee

CNY 46,393

Profitable quarters

Profitable years

Revenue per employee

CNY 2.4M

ROA

0.19%

ROA (5Y)

0.92%

ROCE

0.94%

ROE

11.04%

ROE (5Y)

6.21%

ROIC

1.5%

ROIC (5Y)

7.39%

Tax / revenue

0.99%

Metric	Value
EPS growth	131.38%
EPS growth (Q)	897.9%
EPS growth (QoQ)	1,470.57%
EPS growth 3Y	60.33%
EPS growth 5Y	40.06%
EPS growth quarters	1
EPS growth years	1
Gross profit growth	-15.09%
Gross profit growth (Q)	-22.52%
Gross profit growth 3Y	-8.45%
Gross profit growth 5Y	-3.82%
Net income growth	130.97%
Net income growth (Q)	895.74%
Net income growth (QoQ)	1,471.54%
Net income growth 3Y	60.31%
Net income growth 5Y	39.92%
Net income growth quarters	1
Net income growth years	5
Operating income growth	-80.88%
Operating income growth 3Y	-44.67%
Operating income growth 5Y	-13.29%
Revenue growth	1.29%
Revenue growth (Q)	3.78%
Revenue growth (QoQ)	13.64%
Revenue growth 10Y	5%
Revenue growth 3Y	5.07%
Revenue growth 5Y	0.88%
Revenue growth quarters	3
Revenue growth years	3

Metric

Value

EPS growth

131.38%

EPS growth (Q)

897.9%

EPS growth (QoQ)

1,470.57%

EPS growth 3Y

60.33%

EPS growth 5Y

40.06%

EPS growth quarters

EPS growth years

Gross profit growth

-15.09%

Gross profit growth (Q)

-22.52%

Gross profit growth 3Y

-8.45%

Gross profit growth 5Y

-3.82%

Net income growth

130.97%

Net income growth (Q)

895.74%

Net income growth (QoQ)

1,471.54%

Net income growth 3Y

60.31%

Net income growth 5Y

39.92%

Net income growth quarters

Net income growth years

Operating income growth

-80.88%

Operating income growth 3Y

-44.67%

Operating income growth 5Y

-13.29%

Revenue growth

1.29%

Revenue growth (Q)

3.78%

Revenue growth (QoQ)

13.64%

Revenue growth 10Y

Revenue growth 3Y

5.07%

Revenue growth 5Y

0.88%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	CNY -1.2B
Depreciation and amortization	CNY 1.1B
EBIT	CNY 325.9M
EBITDA	CNY 1.4B
EPS	CNY 0.46
FCF per share	CNY -0.32
Financing cash flow	CNY -3.3B
Free cash flow	CNY -1.5B
Gross profit	CNY 8.6B
Income taxes	CNY 1.1B
Investing cash flow	CNY 2.2B
Net borrowing	CNY -811.7M
Net cash flow	CNY -1.6B
Net income	CNY 2.1B
Operating income	CNY 325.9M
Revenue	CNY 110.4B

Metric

Value

Capital expenditures

CNY -1.2B

Depreciation and amortization

CNY 1.1B

EBIT

CNY 325.9M

EBITDA

CNY 1.4B

EPS

CNY 0.46

FCF per share

CNY -0.32

Financing cash flow

CNY -3.3B

Free cash flow

CNY -1.5B

Gross profit

CNY 8.6B

Income taxes

CNY 1.1B

Investing cash flow

CNY 2.2B

Net borrowing

CNY -811.7M

Net cash flow

CNY -1.6B

Net income

CNY 2.1B

Operating income

CNY 325.9M

Revenue

CNY 110.4B

Metric	Value
Altman Z-Score	1.59
Book value per share	CNY 3.62
Debt / EBITDA	11.89
Debt / equity	0.67
Goodwill	CNY 141.8M
Interest coverage	0.71
Long-term assets	CNY 25B
Long-term liabilities	CNY 7.4B
Net cash (debt)	CNY 15.3B
Net cash / market cap	56.04%
Net cash growth	35.65%
Net debt / EBITDA	-10.8
Net debt / equity	-0.56
Piotroski F-Score	4
Property, plant and equipment	CNY 8.3B
Shareholders' equity	CNY 27.2B
Tangible book value	CNY 12.1B
Tangible book value per share	CNY 2.63
Total assets	CNY 107B
Total cash	CNY 33.7B
Total debt	CNY 18.4B
Total liabilities	CNY 79.8B
WACC	2.69%

Metric

Value

Altman Z-Score

1.59

Book value per share

CNY 3.62

Debt / EBITDA

11.89

Debt / equity

0.67

Goodwill

CNY 141.8M

Interest coverage

0.71

Long-term assets

CNY 25B

Long-term liabilities

CNY 7.4B

Net cash (debt)

CNY 15.3B

Net cash / market cap

56.04%

Net cash growth

35.65%

Net debt / EBITDA

-10.8

Net debt / equity

-0.56

Piotroski F-Score

Property, plant and equipment

CNY 8.3B

Shareholders' equity

CNY 27.2B

Tangible book value

CNY 12.1B

Tangible book value per share

CNY 2.63

Total assets

CNY 107B

Total cash

CNY 33.7B

Total debt

CNY 18.4B

Total liabilities

CNY 79.8B

WACC

2.69%

Metric	Value
Asset turnover	1.05
Current assets	CNY 82B
Current liabilities	CNY 72.4B
Current ratio	1.13
Inventory turnover	4.63
Net working capital	CNY -10.5B
Quick ratio	0.76
Working capital	CNY 9.7B
Working capital turnover	13.27

Metric

Value

Asset turnover

1.05

Current assets

CNY 82B

Current liabilities

CNY 72.4B

Current ratio

1.13

Inventory turnover

4.63

Net working capital

CNY -10.5B

Quick ratio

0.76

Working capital

CNY 9.7B

Working capital turnover

13.27

Metric	Value
Buyback yield / dilution	0.18%
Dividend growth	20%
Dividend growth (10Y)	4.14%
Dividend growth (3Y)	14.47%
Dividend growth (5Y)	43.1%
Dividend growth years	0
Dividend payment date	2026-08-07
Dividend payment years	10
Dividend payout frequency	Annual
Dividend per share	CNY 0.06
Dividend yield	1.01%
Ex-dividend date	2026-08-07
Last dividend	CNY 0.06
Payout ratio	41.06%
Shareholder yield	1.19%

Metric

Value

Buyback yield / dilution

0.18%

Dividend growth

20%

Dividend growth (10Y)

4.14%

Dividend growth (3Y)

14.47%

Dividend growth (5Y)

43.1%

Dividend growth years

Dividend payment date

2026-08-07

Dividend payment years

Dividend payout frequency

Annual

Dividend per share

CNY 0.06

Dividend yield

1.01%

Ex-dividend date

2026-08-07

Last dividend

CNY 0.06

Payout ratio

41.06%

Shareholder yield

1.19%

Metric	Value
10Y price change	37.84%
10Y return CAGR	3.99%
10Y total return	47.86%
150-day SMA	CNY 7.41
15Y price change	134.77%
15Y return CAGR	6.43%
15Y total return	154.7%
1D price change	-0.33%
1M price change	-8.52%
1M total return	-8.52%
1W price change	-3.38%
1W total return	-3.38%
1Y price change	-42.16%
1Y return CAGR	-41.68%
1Y total return	-41.65%
20-day SMA	CNY 6.29
200-day SMA	CNY 8.03
20Y price change	263.58%
20Y return CAGR	7.28%
20Y total return	307.74%
3M price change	-10.7%
3M total return	-9.92%
3Y price change	-3.38%
3Y return CAGR	-0.37%
3Y total return	-1.11%
50-day SMA	CNY 6.65
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 11.26
52-week high date	2026-01-23
52-week low	CNY 5.88
52-week low date	2026-10-23
5Y price change	120.96%
5Y return CAGR	18.12%
5Y total return	129.9%
6M price change	-32.32%
6M total return	-31.73%
All-time high	CNY 18.12
All-time high date	1997-06-26
All-time low	CNY 1.26
All-time low date	1996-01-18
Average true range (ATR)	CNY 0.14
Average volume	33M
Beta (1Y)	0.51
Beta (2Y)	0.63
Beta (5Y)	-0.18
Change from 52-week high	-47.07%
Change from 52-week low	1.36%
Change from all-time high	-66.83%
Change from all-time low	378.5%
Change from open	-1%
Day's gap	0.67%
Dollar volume	CNY 176.6M
High price	CNY 6.04
Low price	CNY 5.93
Monthly RSI	40.53
Open price	CNY 6.02
Position in 52-week range	27.27%
Previous close	CNY 5.98
Price vs 150-day SMA	-18.93%
Price vs 20-day SMA	-4.41%
Price vs 200-day SMA	-25.14%
Price vs 50-day SMA	-9.68%
Relative volume	0.9
RSI	30.89
Sharpe ratio	-1.39
Sharpe ratio (3Y)	0.45
Sharpe ratio (5Y)	0.48
Sortino ratio	-1.79
Sortino ratio (3Y)	0.88
Sortino ratio (5Y)	0.91
Volume	29.6M
Weekly RSI	31.82
YTD price change	-33.96%
YTD total return	-33.38%

Metric

Value

10Y price change

37.84%

10Y return CAGR

3.99%

10Y total return

47.86%

150-day SMA

CNY 7.41

15Y price change

134.77%

15Y return CAGR

6.43%

15Y total return

154.7%

1D price change

-0.33%

1M price change

-8.52%

1M total return

-8.52%

1W price change

-3.38%

1W total return

-3.38%

1Y price change

-42.16%

1Y return CAGR

-41.68%

1Y total return

-41.65%

20-day SMA

CNY 6.29

200-day SMA

CNY 8.03

20Y price change

263.58%

20Y return CAGR

7.28%

20Y total return

307.74%

3M price change

-10.7%

3M total return

-9.92%

3Y price change

-3.38%

3Y return CAGR

-0.37%

3Y total return

-1.11%

50-day SMA

CNY 6.65

50-day SMA vs 200-day SMA

50under200

52-week high

CNY 11.26

52-week high date

2026-01-23

52-week low

CNY 5.88

52-week low date

2026-10-23

5Y price change

120.96%

5Y return CAGR

18.12%

5Y total return

129.9%

6M price change

-32.32%

6M total return

-31.73%

All-time high

CNY 18.12

All-time high date

1997-06-26

All-time low

CNY 1.26

All-time low date

1996-01-18

Average true range (ATR)

CNY 0.14

Average volume

33M

Beta (1Y)

0.51

Beta (2Y)

0.63

Beta (5Y)

-0.18

Change from 52-week high

-47.07%

Change from 52-week low

1.36%

Change from all-time high

-66.83%

Change from all-time low

378.5%

Change from open

-1%

Day's gap

0.67%

Dollar volume

CNY 176.6M

High price

CNY 6.04

Low price

CNY 5.93

Monthly RSI

40.53

Open price

CNY 6.02

Position in 52-week range

27.27%

Previous close

CNY 5.98

Price vs 150-day SMA

-18.93%

Price vs 20-day SMA

-4.41%

Price vs 200-day SMA

-25.14%

Price vs 50-day SMA

-9.68%

Relative volume

0.9

RSI

30.89

Sharpe ratio

-1.39

Sharpe ratio (3Y)

0.45

Sharpe ratio (5Y)

0.48

Sortino ratio

-1.79

Sortino ratio (3Y)

0.88

Sortino ratio (5Y)

0.91

Volume

29.6M

Weekly RSI

31.82

YTD price change

-33.96%

YTD total return

-33.38%

Metric	Value
Float	3.4B
Shares change (QoQ)	0.06%
Shares change (YoY)	-0.18%
Shares held by insiders	1.17%
Shares held by institutions	6.06%
Shares outstanding	4.6B

Metric

Value

Float

3.4B

Shares change (QoQ)

0.06%

Shares change (YoY)

-0.18%

Shares held by insiders

1.17%

Shares held by institutions

6.06%

Shares outstanding

4.6B

SHA/600839 (SHA/600839)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600839

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600839 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/600839

Frequently asked questions