YOLFTbeta
Zheshang Securities Co Ltd

Zheshang Securities Co Ltd

601878 · SHG · Financial Services / Capital Markets

8.65CNY-0.02 (-0.23%)

Price History

Full chart

Market Stats

Previous Close8.67
Open8.67
Day Range8.63 – 8.71
52-Week Range8.89 – 11.87
Volume12.54M
Market Cap40.68B
P/E (TTM)14.02
Forward P/E0.00
EPS0.64
Dividend Yield3.01%
Beta0.50
50-Day Avg9.31
200-Day Avg9.87

About

Zheshang Securities Co., Ltd. provides investment and financing products and services in China. It offers brokerage services, including investment consulting and diverse wealth management services and solutions for margin trading and short selling; investment banking services comprising personalized and full-range capital market advisory services; asset management services, such as management of securities assets and publicly placed securities investment funds; proprietary investment activity; commodities futures and financial futures brokerage, futures investment consulting, and risk management; and research and advisory services. The company was founded in 2002 and is headquartered in Hangzhou, China.

Company Details

Leadership

  • Mr. Jingdong ChengPresident, Acting Financial Officer & Director · b. 1970
  • Mr. Yufeng HuangChief Information Officer · b. 1972
  • Mr. Hongguang DengChief Risk Officer & Secretary of the Board of Directors · b. 1971
  • Mr. Jianlong ShengVice President · b. 1971
  • Mr. Siming WuVice President · b. 1977
  • Mr. Nansheng HuSenior Executive, GM of Wealth Management Business Department & Assistant to the President · b. 1973
  • Mr. Xiaoping LouVice President · b. 1968
  • Ms. Minsheng LouAccounting Supervisor & Staff Director · b. 1978
  • Ms. Xiao Ping LuCompliance Officer · b. 1974

Financials

Income Statement

Currency: CNY2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue400.01M2.28B842.23M1.75B1.74B1.36B1.28B1.92B3.23B6.15B4.61B4.61B4.85B6.94B11.84B18.00B16.77B19.34B17.33B8.63B
Growth (%)-+470.31%-63.08%+107.85%-0.51%-21.66%-6.42%+50.43%+68.41%+90.13%-25.12%+0.04%+5.33%+43.01%+70.67%+51.93%-6.82%+15.37%-10.44%-50.17%
Cost of Revenue11.62M--29.77M36.64M38.02M24.86M59.51M236.76M---1.16B1.28B1.24B1.59B-1.72B1.52B-
Gross Profit388.40M2.28B842.23M1.72B1.71B1.33B1.25B1.86B3.00B6.15B4.61B4.61B3.70B5.66B10.60B16.40B16.77B17.63B15.80B-
Gross Margin97.10%100.00%100.00%98.30%97.90%97.21%98.05%96.90%92.68%100.00%100.00%100.00%76.17%81.49%89.51%91.16%100.00%91.11%91.21%-
Operating Expense208.78M760.52M362.19M826.62M865.09M905.54M1.02B1.30B1.99B3.63B2.98B3.20B2.71B4.37B8.44B13.49B14.66B15.42B13.38B-
Operating Income179.62M1.52B480.04M894.19M839.92M420.88M232.14M558.17M1.01B2.52B1.63B1.41B991.06M1.29B2.17B2.92B2.11B2.20B2.42B-
Operating Margin44.90%66.66%57.00%51.08%48.23%30.85%18.18%29.06%31.25%40.90%35.30%30.50%20.42%18.57%18.29%16.21%12.56%11.38%14.00%-
EBITDA179.62M1.52B480.04M894.19M839.92M481.90M294.49M615.01M1.04B2.59B1.72B1.49B1.09B1.39B2.29B3.17B2.39B2.52B2.78B-
EBITDA Margin44.90%66.66%57.00%51.08%48.23%35.32%23.06%32.02%32.30%42.09%37.42%32.43%22.37%19.97%19.30%17.62%14.28%13.04%16.07%-
Net Income113.13M1.16B416.28M616.88M618.53M300.74M169.34M403.23M750.24M1.83B1.24B1.06B736.96M967.56M1.63B2.20B1.65B1.75B1.93B2.41B
Net Income Margin28.28%50.79%49.43%35.24%35.51%22.04%13.26%20.99%23.19%29.83%26.94%23.08%15.19%13.94%13.74%12.20%9.87%9.06%11.15%27.94%
R&D----------------27.14M---
R&D as % of Total Revenue----------------0.16%---
Interest Expense11.62M--29.77M36.64M38.02M24.86M59.51M236.76M0001.16B1.28B1.24B1.59B1.63B1.72B1.52B1.64B
Interest Expense % of Total Revenue2.90%--1.70%2.10%2.79%1.95%3.10%7.32%0.00%0.00%0.00%23.83%18.51%10.49%8.84%9.70%8.89%8.79%19.00%

Balance Sheet

Currency: CNY2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-11.06B8.76B15.26B17.09B12.66B13.21B15.89B35.15B55.49B53.74B52.92B56.97B67.40B91.09B125.25B136.96B145.53B154.09B224.81B
Total Liabilities-8.10B5.90B12.05B13.28B7.48B7.86B10.13B28.60B47.04B44.17B39.41B43.31B52.55B71.74B101.41B109.65B117.26B117.56B177.48B
Total Equity-2.96B2.86B3.20B3.81B5.18B5.35B5.75B6.56B8.44B9.57B13.51B13.66B14.86B19.35B23.84B26.13B27.02B35.19B36.79B
Cash-9.51B8.07B14.19B15.60B10.48B2.95B6.13B15.72B17.11B15.76B12.96B25.04B34.92B48.67B67.60B78.52B76.87B84.97B127.39B
Total Debt-------1.31B4.32B11.72B13.73B10.91B15.35B21.13B22.91B27.50B26.51B57.22B22.35B-
Net Debt--9.51B-8.07B-14.19B-15.60B-10.48B-2.95B-4.82B-11.40B-5.40B-2.03B-2.05B-9.69B-13.78B-25.75B-40.09B-52.01B-19.65B-62.62B-

Cash Flow

Currency: CNY2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow1.15B5.45B-998.61M5.80B-95.25M-4.20B-1.18B-1.33B8.24B3.64B-5.89B-11.01B-1.83B406.22M-911.59M1.73B523.06M5.91B6.29B-3.29B
Investing Cash Flow-1.17M-167.45M113.17M-90.14M-83.62M-413.05M200.56M-54.01M-663.70M-60.77M-188.02M-122.31M-89.46M-88.64M-183.32M-219.24M-288.40M-352.44M-4.94B-
Financing Cash Flow600.00M1.00B-334.40M-294.68M1.20B-127.20M-1.00B1.35B9.10B699.62M151.28M3.07B4.99B3.61B5.32B-405.92M2.54B7.19B-
Capital Expenditure6.06M31.76M109.89M73.53M83.12M417.24M63.19M56.39M740.63M111.78M102.70M107.77M113.39M106.17M223.67M254.28M248.88M244.36M286.50M495.65M
Free Cash Flow1.15B5.42B-1.11B5.73B-178.38M-4.62B-1.25B-1.39B7.50B3.53B-5.99B-11.12B-1.94B300.05M-1.14B1.47B274.17M5.67B6.00B-3.79B
Dividends Paid--334.40M294.68M-127.20M--55.70M156.46M800.12M539.99M972.79M1.09B300.00M504.16M1.40B1.17B1.33B1.60B
FCF to OCF99.47%99.42%111.00%98.73%187.26%109.93%105.34%104.24%91.01%96.93%101.74%100.98%106.20%73.86%124.54%85.27%52.42%95.87%95.44%115.07%
Dividend Paid to FCF---30.17%5.15%--2.75%--0.74%4.43%-13.35%-4.86%-50.11%364.11%-26.43%34.26%510.49%20.73%22.12%-42.15%

Earnings

Report DateAug 15, 2017Oct 25, 2017Jan 31, 2018Apr 26, 2018Jul 25, 2018Oct 30, 2018Jan 18, 2019Apr 27, 2019Aug 23, 2019Oct 29, 2019Mar 20, 2020Apr 29, 2020Aug 26, 2020Oct 29, 2020Mar 18, 2021Apr 29, 2021Jul 19, 2021Oct 22, 2021Mar 15, 2022Apr 28, 2022Aug 22, 2022Oct 28, 2022Mar 27, 2023Apr 27, 2023
EPS Estimate------------------------
EPS Actual0.080.090.080.060.060.050.050.080.060.070.080.100.100.100.170.120.110.180.150.080.100.100.110.12
Surprise------------------------
TimingPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursPre-market

Key Statistics & Ratios

Market Cap40.68B
Enterprise Value20.72B
Trailing P/E14.02
Forward P/E0.00
Price / Sales3.82
Price / Book1.10
EPS0.64
Book Value8.28
Revenue (TTM)10.65B
Gross Profit (TTM)4.41B
Profit Margin26.98%
Operating Margin37.46%
Return on Equity7.27%
Return on Assets1.45%
Shares Outstanding4.54B
Shares Float2.32B
Beta0.50
Dividend Yield3.01%
Dividend Rate0.27
Payout Ratio26.56%

Dividends

20231×
0.13Aug 11, 2023
20221×
0.17Oct 31, 2022
20211×
0.13Nov 18, 2021
20201×
0.09Jun 11, 2020
20191×
0.07Jun 6, 2019
20181×
0.10Aug 15, 2018