SHA/600941 (SHA/600941)

Shanghai Stock Exchange: SHA/600941 · CNY

CN¥99.4

-1.32 (-1.3%)· Recorded snapshot

Market cap	1.5T
Revenue (ttm)	1T
Net income (ttm)	127.9B
EPS (ttm)	CN¥5.82
P/E (trailing)	17.1x
P/E (forward)	11.4x
Dividend	CN¥4.71 (4.74%)
Volume	10,044,840
Beta	0.26

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 1T
Net income (ttm): 127.9B
EPS (ttm): CN¥5.82
P/E (trailing): 17.1x
P/E (forward): 11.4x
Market cap: 1.5T

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/E11.4

P25 n/aP50 n/aP75 n/a

Trailing P/E17.1

P25 n/aP50 n/aP75 n/a

ROEn/a

P25 n/aP50 n/aP75 n/a

ROIC8.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/600941 indicators

Market & fundamental data

Available fields

235

Groups with data

Currency

CNY

Showing 235 of 235 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	2026-10-21
Employees	457,000
Employees change	-4,345
Employees growth	-0.94%
Enterprise value	CNY 1.2T
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	1997
Industry	Telecom Services
Is primary listing	No
ISIN number	CNE1000055G1
Last earnings date	2026-10-21
Last refreshed	2026-10-28
Market cap	CNY 1.5T
Next earnings date	2026-10-28
Price	CNY 99.38
Price currency	CNY
Sector	Communication Services
SIC code	4812
Stock price date	2026-10-28
Symbol	sha/600941

Valuation

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

Metric	Value
Average P/E ratio (10Y)	10.41x
Average P/E ratio (3Y)	11.33x
Average P/E ratio (5Y)	10.16x
Earnings yield	5.85%
EV/Earnings	9.72x
EV/EBIT	9.54x
EV/EBITDA	4.53x
EV/FCF	10.91x
EV/Sales	1.21x
FCF / EV yield	9.17%
FCF yield	7.77%
Forward P/E	11.43x
Graham number	135.91735
Graham upside	36.77%
Industry P/E	47.68x
Lynch fair value	CNY 43.30
Lynch upside	-56.43%
P/(FCF - SBC) ratio	12.9x
P/(OCF - SBC) ratio	5.71x
P/B ratio	1.05x
P/E ratio	17.08x
P/FCF ratio	12.87x
P/OCF ratio	5.71x
P/S ratio	1.42x
Price / tangible book value	1.1x
Price/EBITDA ratio	6.03x
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	12.66%
EBITDA margin	23.49%
Effective tax rate	21.02%
FCF margin	11.01%
Gross margin	27.32%
Operating margin	12.66%
Pretax margin	15.67%
Profit margin	12.35%
Profit per employee	CNY 277,320
Profitable quarters	56
Profitable years	29
Revenue per employee	CNY 2.2M
ROA (5Y)	4.47%
ROCE	8.87%
ROE (5Y)	10.17%
ROIC	8.73%
ROIC (5Y)	10.99%
SBC / revenue	0.02%
Tax / revenue	3.29%

Growth

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

Metric	Value
EPS growth	-11.08%
EPS growth (Q)	-49.08%
EPS growth (QoQ)	-45.17%
EPS growth 3Y	-1.85%
EPS growth 5Y	1.11%
EPS growth years	0
FCF growth	18.2%
FCF growth (Q)	150.3%
FCF growth (QoQ)	344.82%
FCF growth 3Y	-0.83%
Gross profit growth	-7.2%
Gross profit growth (Q)	-31.98%
Gross profit growth 3Y	0.06%
Gross profit growth 5Y	109.39%
Net income growth	-10.43%
Net income growth (Q)	-49.14%
Net income growth (QoQ)	-45.02%
Net income growth 3Y	-1.14%
Net income growth 5Y	2.48%
Net income growth years	0
OCF growth	1.76%
OCF growth (Q)	34.13%
OCF growth (QoQ)	62.27%
OCF growth 3Y	-4.02%
Operating income growth	-11.5%
Operating income growth (Q)	-49.62%
Operating income growth 3Y	-3.94%
Operating income growth 5Y	5.04%
Revenue growth	-0.78%
Revenue growth (Q)	-3.44%
Revenue growth (QoQ)	-10.79%
Revenue growth 10Y	4.13%
Revenue growth 3Y	1.54%
Revenue growth 5Y	4.22%
Revenue growth years	7

Financial statements

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

Metric	Value
Capital expenditures	CNY -143.1B
Depreciation and amortization	CNY 112.1B
EBIT	CNY 131.2B
EBITDA	CNY 243.3B
EPS	CNY 5.82
Financing cash flow	CNY -117.9B
Free cash flow	CNY 114B
Free cash flow minus SBC	CNY 113.8B
Gross profit	CNY 283B
Income taxes	CNY 34.1B
Investing cash flow	CNY -138.1B
Net borrowing	CNY -33.7B
Net cash flow	CNY 40M
Net income	CNY 127.9B
Operating cash flow minus SBC	CNY 257B
Operating income	CNY 131.2B
Revenue	CNY 1T
Stock-based compensation	CNY 200M

Financial strength

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

Metric	Value
Altman Z-Score	2.8
Book value per share	CNY 64.38
Debt / EBITDA	0.36
Debt / equity	0.07
Debt / FCF	0.86
Goodwill	CNY 3.8B
Interest coverage	36.13
Long-term assets	CNY 1.6T
Long-term liabilities	CNY 78.8B
Net cash (debt)	CNY 230B
Net cash / market cap	15.66%
Net cash growth	-5.76%
Net debt / EBITDA	-0.95
Net debt / equity	-0.16
Net debt / FCF	-2.02
Piotroski F-Score	3
Property, plant and equipment	CNY 822.4B
Shareholders' equity	CNY 1.4T
Tangible book value	CNY 1.3T
Tangible book value per share	CNY 61.64
Total assets	CNY 2.1T
Total cash	CNY 328.5B
Total debt	CNY 98.6B
Total liabilities	CNY 713.4B
WACC	5.49%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current assets	CNY 545.1B
Current liabilities	CNY 634.6B
Current ratio	0.86
Net working capital	CNY -375.5B
Quick ratio	0.77
Working capital	CNY -89.5B
Working capital turnover	-12.86

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	-0.74%
Dividend growth	-1.73%
Dividend growth (3Y)	3.87%
Dividend growth years	3
Dividend payment date	2026-09-30
Dividend payment years	5
Dividend payout frequency	Semi-Annual
Dividend per share	CNY 4.71
Dividend yield	4.74%
Ex-dividend date	2026-09-30
Last dividend	CNY 2.51
Payout ratio	80.47%
Shareholder yield	4%

Performance and technicals

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

Metric	Value
150-day SMA	CNY 95.87
1D price change	-1.31%
1M price change	1.92%
1M total return	4.62%
1W price change	2.83%
1W total return	2.83%
1Y price change	-6.92%
1Y return CAGR	-2.31%
1Y total return	-2.31%
20-day SMA	CNY 99.15
200-day SMA	CNY 96.04
3M price change	5.22%
3M total return	8.01%
3Y price change	6.92%
3Y return CAGR	6.99%
3Y total return	22.46%
50-day SMA	CNY 98.27
50-day SMA vs 200-day SMA	50over200
52-week high	CNY 109.61
52-week high date	2025-11-26
52-week low	CNY 85.38
52-week low date	2026-06-29
6M price change	4%
6M total return	9.15%
All-time high	CNY 119.51
All-time high date	2024-12-31
All-time low	CNY 57.58
All-time low date	2022-01-06
Average true range (ATR)	CNY 2.15
Average volume	12.2M
Beta (5Y)	0.26
Change from 52-week high	-9.33%
Change from 52-week low	16.4%
Change from all-time high	-16.89%
Change from all-time low	72.49%
Change from open	-1.26%
Day's gap	-0.05%
Dollar volume	CNY 998.3M
High price	CNY 101.48
Low price	CNY 99.20
Monthly RSI	50.43
Open price	CNY 100.65
Position in 52-week range	7.89%
Previous close	CNY 100.70
Price vs 150-day SMA	3.6%
Price vs 20-day SMA	0.17%
Price vs 200-day SMA	3.42%
Price vs 50-day SMA	1.07%
Relative volume	0.83
RSI	50.93
Sharpe ratio	-0.35
Sharpe ratio (3Y)	0.18
Sortino ratio	-0.15
Sortino ratio (3Y)	0.57
Volume	10M
Weekly RSI	53.81
YTD price change	-1.71%
YTD total return	3.16%

Ownership and float

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

Metric	Value
Float	6.7B
Shares change (QoQ)	0.76%
Shares change (YoY)	0.74%
Shares held by insiders	0%
Shares held by institutions	2.2%

Deeper analysis on SHA/600941

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/600941 report

Is a complete SHA/600941 research report available?

No complete published report is available for sha/600941 (SHA/600941) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/600941 (SHA/600941)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600941

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600941 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/600941

Frequently asked questions