SHA/601985 (SHA/601985)

Shanghai Stock Exchange: SHA/601985 · CNY

CN¥9.66

+0.16 (+1.7%)· Recorded snapshot

Market cap	198.7B
Revenue (ttm)	80.3B
Net income (ttm)	7.4B
EPS (ttm)	CN¥0.36
Shares out	20.6B
P/E (trailing)	26.9x
P/E (forward)	19.3x
Dividend	CN¥0.18 (1.86%)
Volume	139,159,354
Beta	0.15

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 80.3B
Net income (ttm): 7.4B
EPS (ttm): CN¥0.36
P/E (trailing): 26.9x
P/E (forward): 19.3x
Market cap: 198.7B

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/E19.3

P25 n/aP50 n/aP75 n/a

Trailing P/E26.9

P25 n/aP50 n/aP75 n/a

ROE6.3

P25 n/aP50 n/aP75 n/a

ROIC2.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/601985 indicators

Market & fundamental data

Available fields

231

Groups with data

Currency

CNY

Showing 231 of 231 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	2026-10-28
Employees	22,306
Employees change	1,951
Employees growth	9.58%
Enterprise value	CNY 736.1B
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	Utilities - Regulated Electric
Is primary listing	Yes
ISIN number	CNE1000022N7
Last earnings date	2026-10-28
Last refreshed	2026-10-28
Market cap	CNY 198.7B
Next earnings date	2026-10-28
Price	CNY 9.66
Price currency	CNY
Sector	Utilities
SIC code	4991
Stock price date	2026-10-28
Symbol	sha/601985
Website	https://www.cnnp.com.cn

Valuation

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

Metric	Value
Average P/E ratio (10Y)	18.38x
Average P/E ratio (3Y)	20.72x
Average P/E ratio (5Y)	18.08x
Earnings yield	3.71%
EV/Earnings	99.91x
EV/EBIT	29.03x
EV/EBITDA	14.98x
EV/Sales	9.17x
FCF / EV yield	-5.54%
FCF yield	-20.54%
Forward P/E	19.28x
Graham number	6.91043
Graham upside	-28.46%
Industry forward P/E	10.26x
Industry P/E	23.13x
Lynch fair value	CNY 1.79
Lynch upside	-81.43%
P/B ratio	0.83x
P/E ratio	26.92x
P/OCF ratio	4.7x
P/S ratio	2.47x
PEG ratio	3.27x
Price / tangible book value	1.83x
Price/EBITDA ratio	4.09x
Sector forward P/E	16.74x
Sector P/E	21.59x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	31.59%
EBITDA margin	60.5%
Effective tax rate	22.35%
Gross margin	36.31%
Operating margin	31.59%
Pretax margin	23.29%
Profit margin	9.18%
Profit per employee	CNY 330,307
Profitable quarters	6
Profitable years	19
Revenue per employee	CNY 3.6M
ROA	2.09%
ROA (5Y)	3.4%
ROCE	3.68%
ROE	6.29%
ROE (5Y)	10.66%
ROIC	2.39%
Tax / revenue	5.2%

Growth

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

Metric	Value
EPS growth	-7.66%
EPS growth (Q)	3.6%
EPS growth (QoQ)	53.44%
EPS growth 10Y	3.23%
EPS growth 3Y	-12.29%
EPS growth 5Y	-2.85%
EPS growth years	0
Net income growth	-6.1%
Net income growth (Q)	3.8%
Net income growth (QoQ)	53.79%
Net income growth 3Y	-10.58%
Net income growth 5Y	-0.76%
Net income growth years	1
OCF growth	10.93%
OCF growth (Q)	38.54%
OCF growth (QoQ)	44.76%
OCF growth 10Y	9.2%
OCF growth 3Y	-3.53%
OCF growth 5Y	3.06%
Revenue growth	-1.99%
Revenue growth (Q)	3.82%
Revenue growth (QoQ)	10.15%
Revenue growth 10Y	11.03%
Revenue growth 3Y	2.45%
Revenue growth 5Y	5.71%
Revenue growth years	18

Financial statements

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

Metric	Value
Capital expenditures	CNY -83.1B
EBIT	CNY 25.4B
EBITDA	CNY 48.6B
EPS	CNY 0.36
FCF per share	CNY -1.98
Financing cash flow	CNY 37.3B
Free cash flow	CNY -40.8B
Gross profit	CNY 29.2B
Income taxes	CNY 4.2B
Investing cash flow	CNY -83.4B
Net borrowing	CNY 44.3B
Net cash flow	CNY -3.8B
Net income	CNY 7.4B
Operating income	CNY 25.4B
Revenue	CNY 80.3B

Financial strength

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

Metric	Value
Book value per share	CNY 5.91
Debt / EBITDA	8.89
Debt / equity	1.83
Goodwill	CNY 5.4B
Interest coverage	3.87
Long-term assets	CNY 704B
Long-term liabilities	CNY 451.7B
Net cash (debt)	CNY -420.9B
Net cash / market cap	-211.85%
Net debt / EBITDA	8.67
Net debt / equity	1.77
Piotroski F-Score	4
Property, plant and equipment	CNY 635.3B
Shareholders' equity	CNY 238B
Tangible book value	CNY 108.5B
Tangible book value per share	CNY 5.28
Total assets	CNY 797.7B
Total cash	CNY 15.8B
Total debt	CNY 436.7B
Total liabilities	CNY 559.7B
WACC	2.39%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.11
Current assets	CNY 93.6B
Current liabilities	CNY 107.9B
Current ratio	0.87
Inventory turnover	1.36
Net working capital	CNY -12B
Quick ratio	0.42
Working capital	CNY -14.3B
Working capital turnover	-6.12

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	-1.69%
Dividend growth	0%
Dividend growth (3Y)	1.92%
Dividend growth (5Y)	6.72%
Dividend growth years	0
Dividend payment date	2026-10-23
Dividend payment years	11
Dividend payout frequency	Semi-Annual
Dividend per share	CNY 0.18
Dividend yield	1.86%
Ex-dividend date	2026-10-23
Last dividend	CNY 0.02
Payout ratio	308.15%
Shareholder yield	0.17%

Performance and technicals

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

Metric	Value
10Y price change	40.82%
10Y return CAGR	5.74%
10Y total return	74.7%
150-day SMA	CNY 9.00
1D price change	1.68%
1M price change	8.54%
1M total return	8.77%
1W price change	1.9%
1W total return	2.12%
1Y price change	2.01%
1Y return CAGR	4.33%
1Y total return	4.33%
20-day SMA	CNY 9.28
200-day SMA	CNY 8.95
3M price change	9.03%
3M total return	9.26%
3Y price change	33.43%
3Y return CAGR	12.28%
3Y total return	41.56%
50-day SMA	CNY 9.06
50-day SMA vs 200-day SMA	50over200
52-week high	CNY 9.78
52-week high date	2026-10-28
52-week low	CNY 8.46
52-week low date	2026-02-25
5Y price change	36.06%
5Y return CAGR	8.62%
5Y total return	51.17%
6M price change	7.1%
6M total return	9.29%
All-time high	CNY 14.38
All-time high date	2015-07-01
All-time low	CNY 4.02
All-time low date	2020-06-01
Average true range (ATR)	CNY 0.16
Average volume	104.7M
Beta (1Y)	-0.09
Beta (2Y)	0.07
Beta (5Y)	0.15
Change from 52-week high	-0.31%
Change from 52-week low	14.18%
Change from all-time high	-32.82%
Change from all-time low	140.3%
Change from open	1.68%
Day's gap	0%
Dollar volume	CNY 1.3B
High price	CNY 9.78
Low price	CNY 9.49
Monthly RSI	60.25
Open price	CNY 9.50
Position in 52-week range	58.62%
Previous close	CNY 9.50
Price vs 150-day SMA	7.32%
Price vs 20-day SMA	4.05%
Price vs 200-day SMA	7.97%
Price vs 50-day SMA	6.61%
Relative volume	1.37
RSI	69.57
Sharpe ratio	0.28
Sharpe ratio (3Y)	0.46
Sharpe ratio (5Y)	0.54
Sortino ratio	0.75
Sortino ratio (3Y)	0.97
Sortino ratio (5Y)	1.05
Volume	139.2M
Weekly RSI	64.04
YTD price change	11.68%
YTD total return	14.22%

Ownership and float

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

Metric	Value
Float	5.9B
Shares change (QoQ)	0.23%
Shares change (YoY)	1.69%
Shares held by insiders	0%
Shares held by institutions	8.02%
Shares outstanding	20.6B

Deeper analysis on SHA/601985

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this SHA/601985 report

Is a complete SHA/601985 research report available?

No complete published report is available for sha/601985 (SHA/601985) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/601985 (SHA/601985)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/601985

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/601985 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/601985

Frequently asked questions