SHA/600115 (SHA/600115)

Shanghai Stock Exchange: SHA/600115 · CNY

CN¥3.21

+0.01 (+0.3%)· Recorded snapshot

Market cap	64.3B
Revenue (ttm)	147.4B
Net income (ttm)	-3.1B
EPS (ttm)	-CN¥0.16
Shares out	22B
Volume	116,920,835
Beta	0.44

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 147.4B
Net income (ttm): -3.1B
EPS (ttm): -CN¥0.16
Market cap: 64.3B

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/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/En/a

P25 n/aP50 n/aP75 n/a

ROE-7.3

P25 n/aP50 n/aP75 n/a

ROIC-0.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All SHA/600115 indicators

Market & fundamental data

Available fields

216

Groups with data

Currency

CNY

Showing 216 of 216 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	2026-10-30
Employees	89,277
Employees change	4,109
Employees growth	4.82%
Enterprise value	CNY 249.1B
Exchange	Shanghai Stock Exchange
Financial currency	CNY
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	1957
Industry	Airlines
Is primary listing	Yes
ISIN number	CNE000000TR0
Last earnings date	2026-08-28
Last refreshed	2026-10-28
Market cap	CNY 64.3B
Next earnings date	2026-10-30
Price	CNY 3.21
Price currency	CNY
Sector	Industrials
SIC code	4512
Stock price date	2026-10-28
Symbol	sha/600115
Website	https://www.ceair.com

Valuation

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

Metric	Value
Earnings yield	-4.93%
EV/EBITDA	9.45x
EV/FCF	26.6x
EV/Sales	1.69x
FCF / EV yield	3.76%
FCF yield	14.57%
Industry forward P/E	374.37x
Industry P/E	97.88x
P/B ratio	1.75x
P/FCF ratio	6.86x
P/OCF ratio	1.78x
P/S ratio	0.44x
Price / tangible book value	2.89x
Price/EBITDA ratio	5.4x
Sector forward P/E	13.91x
Sector P/E	28.41x

Profitability

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

Metric	Value
EBIT margin	-0.68%
EBITDA margin	8.07%
FCF margin	6.35%
Gross margin	3.37%
Operating margin	-0.68%
Pretax margin	-0.33%
Profit margin	-1.62%
Profit per employee	CNY -34,511
Revenue per employee	CNY 1.7M
ROA	-0.22%
ROA (5Y)	-2.08%
ROCE	-0.58%
ROE	-7.26%
ROE (5Y)	-31.54%
ROIC	-0.45%
ROIC (5Y)	-5.48%
Tax / revenue	1.56%

Growth

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

Metric	Value
EPS growth years	3
FCF growth	-59.05%
FCF growth (Q)	-89.05%
FCF growth 5Y	6.25%
Gross profit growth	-19.37%
Net income growth years	3
OCF growth	-7.8%
OCF growth (Q)	-28.72%
OCF growth (QoQ)	109.43%
OCF growth 10Y	3.9%
OCF growth 3Y	47.17%
OCF growth 5Y	17.38%
Revenue growth	9.36%
Revenue growth (Q)	11.25%
Revenue growth (QoQ)	0.31%
Revenue growth 10Y	4.39%
Revenue growth 3Y	23.57%
Revenue growth 5Y	16.65%
Revenue growth quarters	14
Revenue growth years	3

Financial statements

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

Metric	Value
Capital expenditures	CNY -26.7B
Depreciation and amortization	CNY 12.9B
EBIT	CNY -1B
EBITDA	CNY 11.9B
EPS	CNY -0.16
FCF per share	CNY 0.42
Financing cash flow	CNY -16.1B
Free cash flow	CNY 9.4B
Gross profit	CNY 5B
Income taxes	CNY 2.3B
Investing cash flow	CNY -18B
Net borrowing	CNY -12.5B
Net cash flow	CNY 1.9B
Net income	CNY -3.1B
Operating income	CNY -1B
Revenue	CNY 147.4B

Financial strength

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

Metric	Value
Altman Z-Score	0.02
Book value per share	CNY 0.61
Debt / EBITDA	7.18
Debt / equity	5.16
Debt / FCF	20.21
Goodwill	CNY 9B
Interest coverage	-0.26
Long-term assets	CNY 271.4B
Long-term liabilities	CNY 134.9B
Net cash (debt)	CNY -183.6B
Net cash / market cap	-285.59%
Net debt / EBITDA	15.43
Net debt / equity	5
Net debt / FCF	19.6
Piotroski F-Score	4
Property, plant and equipment	CNY 244.3B
Shareholders' equity	CNY 36.7B
Tangible book value	CNY 22.2B
Tangible book value per share	CNY -0.19
Total assets	CNY 297.6B
Total cash	CNY 5.7B
Total debt	CNY 189.2B
Total liabilities	CNY 260.9B
WACC	2.88%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.51
Current assets	CNY 26.2B
Current liabilities	CNY 126B
Current ratio	0.21
Inventory turnover	58.11
Net working capital	CNY -38.9B
Quick ratio	0.1
Working capital	CNY -99.9B
Working capital turnover	-1.51

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	12.73%
Dividend growth (10Y)	-27.92%
Dividend growth (3Y)	-20.63%
Dividend growth (5Y)	-0.4%
Dividend per share	CNY 0.00
Last dividend	CNY 0.05
Shareholder yield	12.73%

Performance and technicals

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

Metric	Value
10Y price change	-49.45%
10Y return CAGR	-6.27%
10Y total return	-47.67%
150-day SMA	CNY 3.85
15Y price change	-31.99%
15Y return CAGR	-2.31%
15Y total return	-29.59%
1D price change	0.31%
1M price change	-4.18%
1M total return	-4.18%
1W price change	2.56%
1W total return	2.56%
1Y price change	-33.54%
1Y return CAGR	-33.56%
1Y total return	-33.54%
20-day SMA	CNY 3.24
200-day SMA	CNY 4.31
20Y price change	16.3%
20Y return CAGR	3.16%
20Y total return	86.36%
3M price change	-11.81%
3M total return	-11.81%
3Y price change	-24.29%
3Y return CAGR	-8.86%
3Y total return	-24.29%
50-day SMA	CNY 3.38
50-day SMA vs 200-day SMA	50under200
52-week high	CNY 6.48
52-week high date	2026-01-20
52-week low	CNY 3.07
52-week low date	2026-10-20
5Y price change	-31.12%
5Y return CAGR	-7.18%
5Y total return	-31.12%
6M price change	-26.38%
6M total return	-26.38%
All-time high	CNY 23.99
All-time high date	2007-09-24
All-time low	CNY 2.11
All-time low date	2005-07-18
Average true range (ATR)	CNY 0.07
Average volume	138.4M
Beta (1Y)	0.49
Beta (2Y)	0.4
Beta (5Y)	0.44
Change from 52-week high	-50.46%
Change from 52-week low	4.56%
Change from all-time high	-86.62%
Change from all-time low	52.13%
Change from open	0.31%
Day's gap	0%
Dollar volume	CNY 375.3M
High price	CNY 3.25
Low price	CNY 3.17
Monthly RSI	37.56
Open price	CNY 3.20
Position in 52-week range	50%
Previous close	CNY 3.20
Price vs 150-day SMA	-16.54%
Price vs 20-day SMA	-0.9%
Price vs 200-day SMA	-25.52%
Price vs 50-day SMA	-5.06%
Relative volume	0.84
RSI	43.61
Sharpe ratio	-0.55
Sharpe ratio (3Y)	-0.3
Sharpe ratio (5Y)	-0.2
Sortino ratio	-0.69
Sortino ratio (3Y)	-0.26
Sortino ratio (5Y)	-0.1
Volume	116.9M
Weekly RSI	33.31
YTD price change	-46.5%
YTD total return	-46.5%

Ownership and float

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

Metric	Value
Float	6B
Shares change (QoQ)	-30.17%
Shares change (YoY)	-12.73%
Shares held by institutions	14.97%
Shares outstanding	22B

Deeper analysis on SHA/600115

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/600115 report

Is a complete SHA/600115 research report available?

No complete published report is available for sha/600115 (SHA/600115) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

SHA/600115 (SHA/600115)

Price

Financial snapshot

Fair-value bridge

Latest news · SHA/600115

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All SHA/600115 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/600115

Frequently asked questions