PerpEquities

Equity · Technology

CIG Shanghai Co., Ltd. (CIGSHANGHAI) perpetual futures

CIGSHANGHAI perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade CIGSHANGHAIUSDT.

CIG Shanghai Co., Ltd. tracked across crypto venues with normalized contract specifications.

$31.21-3.9%
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Price chart

 

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Collecting venue price data...
venue perp mark · Gate.io (CIG/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$2.2K
Open interest
$37.3K
Best liquidity
$1.5K
Gate.io
Tightest spread
+64.2 bps
Gate.io
Highest volume
$2.2K
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeCIG/USDTTrading$31.210.0% APR
0.000% every 8h
+64.2 bps$1.5K$2.2K$37.3KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

Too thin: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

CIGSHANGHAI

Tightest spread

CIGSHANGHAI

Highest volume

CIGSHANGHAI

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$8.6B
Updated 1h ago
Revenue
$817.1M
Trailing 12 months
Revenue growth
+117%
Next fiscal year
Profit margin
+8.6%
P/E
145.1
Peer P/E 11.3
Free cash flow
-$403.2M
Trailing 12 months
More metrics
Net income
$70M
Trailing 12 months
P/S
10.5
Peer P/E
11.3
Similar listed perps
Revenue estimate
$1.6B
Next fiscal year
Earnings
2026-10-19
Revenue est. $218.7M · Updated 1h ago
Dividend
¥0.09
2026-09-08

Fundamental detail

Annual + quarterly
Latest revenue$717.5M
Net margin+5.5%
Free cash flow-$212.4M
Net debt-$407M
2020$402.9M
2021$434.3M
2022$563.1M
2023$459.2M
2024$543.2M
2025$717.5M
PeriodRevenueGrowthNet incomeFCF
2020$402.9M-9%-$39.6M-$123.1M
2021$434.3M+8%$10M-$23.1M
2022$563.1M+30%$25.5M-$18.4M
2023$459.2M-18%$14.1M-$9M
2024$543.2M+18%$24.8M$38M
2025$717.5M+32%$39.2M-$212.4M
PeriodGross marginOperating marginNet marginROEROA
2020+11.8%-10.5%-9.8%-16.0%-7.5%
2021+19.7%+2.3%+2.3%+3.9%+1.7%
2022+18.1%+4.7%+4.5%+8.9%+3.3%
2023+21.4%+3.1%+3.1%+4.4%+2.0%
2024+20.8%+4.6%+4.6%+7.2%+3.2%
2025+22.3%+4.2%+5.5%+3.5%+2.2%
PeriodCashDebtNet debtCurrent ratio
2020$43.3M$107.2M$64M1.17
2021$36.5M$149.5M$113M1.25
2022$58M$174M$116M1.23
2023$65.1M$187.1M$121.9M1.45
2024$78.4M$181.4M$103M1.50
2025$712.6M$305.6M-$407M2.29
PeriodMarket capEnterprise valueP/SP/E
2020$505.1M$569M1.3-12.7
2021$496.7M$609.8M1.149.6
2022$428.2M$544.2M0.816.8
2023$1.5B$1.6B3.2103.7
2024$1.6B$1.7B2.964.4
2025$5.6B$5.2B7.8143.0
Q3 2024$149M
Q4 2024$132.1M
Q1 2025$132.9M
Q2 2025$169.8M
Q3 2025$197.1M
Q4 2025$217.7M
Q1 2026$191.4M
Q2 2026$211M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$149M+70%$10.7M$1.8M
Q4 2024$132.1M+17%$2.2M$4.9M
Q1 2025$132.9M+5%$4.7M-$49.3M
Q2 2025$169.8M+25%$13.3M-$27.5M
Q3 2025$197.1M+32%$20.6M-$81.9M
Q4 2025$217.7M+65%$623.6K-$53.8M
Q1 2026$191.4M+44%$17.6M-$96.2M
Q2 2026$211M+24%$31.2M-$171.3M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+21.3%+6.9%+7.2%+3.2%+1.5%
Q4 2024+18.5%+0.9%+1.7%+0.6%+0.3%
Q1 2025+20.2%+3.3%+3.5%+1.3%+0.6%
Q2 2025+22.9%+7.8%+7.8%+3.7%+1.4%
Q3 2025+24.6%+10.4%+10.4%+5.5%+2.0%
Q4 2025+20.7%-2.1%+0.3%+0.1%0.0%
Q1 2026+29.3%+14.7%+9.2%+1.6%+1.1%
Q2 2026+28.9%+17.1%+14.8%+2.2%+1.5%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$52.3M$162.2M$109.9M1.56
Q4 2024$78.4M$181.4M$103M1.50
Q1 2025$60.3M$215.3M$155M1.49
Q2 2025$90.5M$269M$178.5M1.28
Q3 2025$73.9M$367.3M$293.4M1.16
Q4 2025$712.6M$305.6M-$407M2.29
Q1 2026$501.9M$283.9M-$218M2.62
Q2 2026$512.3M$240.4M-$271.9M2.75
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$1.3B$1.4B8.830.8
Q4 2024$1.6B$1.7B12.1180.0
Q1 2025$1.5B$1.6B10.977.8
Q2 2025$1.8B$2B10.934.8
Q3 2025$5.1B$5.4B25.961.4
Q4 2025$5.6B$5.2B25.72,239.7
Q1 2026$5.3B$5.1B27.874.7
Q2 2026$14B$13.7B66.2111.8

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$211MQ2 2026
$54.4M$108.8M$163.3M$217.7MQ3 2023: $87.9MQ4 2023: $112.5MQ1 2024: $126.4MQ2 2024: $135.8MQ3 2024: $149MQ4 2024: $132.1MQ1 2025: $132.9MQ2 2025: $169.8MQ3 2025: $197.1MQ4 2025: $217.7MQ1 2026: $191.4MQ2 2026: $211MQ3 2023Q2 2026
Net income$31.2MQ2 2026
$3.8M$12.9M$22M$31.2MQ3 2023: -$5.3MQ4 2023: -$3.8MQ1 2024: $3.9MQ2 2024: $8MQ3 2024: $10.7MQ4 2024: $2.2MQ1 2025: $4.7MQ2 2025: $13.3MQ3 2025: $20.6MQ4 2025: $623.6KQ1 2026: $17.6MQ2 2026: $31.2MQ3 2023Q2 2026
EBITDA$49.6MQ2 2026
$12.4M$24.8M$37.2M$49.6MQ3 2023: $6.7MQ4 2023: $5.7MQ1 2024: $16.9MQ2 2024: $19.2MQ3 2024: $14MQ4 2024: $5.1MQ1 2025: $8.7MQ2 2025: $19.2MQ3 2025: $30.5MQ4 2025: $8.3MQ1 2026: $33.1MQ2 2026: $49.6MQ3 2023Q2 2026
Free cash flow-$171.3MQ2 2026
-$119.9M-$68.5M-$17.1M$34.2MQ3 2023: -$23.1MQ4 2023: -$4.2MQ1 2024: -$2MQ2 2024: $34.2MQ3 2024: $1.8MQ4 2024: $4.9MQ1 2025: -$49.3MQ2 2025: -$27.5MQ3 2025: -$81.9MQ4 2025: -$53.8MQ1 2026: -$96.2MQ2 2026: -$171.3MQ3 2023Q2 2026
EPS$0.08Q2 2026
$0.01$0.03$0.06$0.08Q3 2023: -$0.02Q4 2023: -$0.01Q1 2024: $0.01Q2 2024: $0.03Q3 2024: $0.04Q4 2024: $0.01Q1 2025: $0.02Q2 2025: $0.05Q3 2025: $0.08Q4 2025: $0Q1 2026: $0.05Q2 2026: $0.08Q3 2023Q2 2026
Cash / Debt$512.3MQ2 2026
$178.2M$356.3M$534.5M$712.6MQ3 2023 · Cash: $79.7MQ3 2023 · Debt: $201MQ4 2023 · Cash: $65.1MQ4 2023 · Debt: $198.9MQ1 2024 · Cash: $110.9MQ1 2024 · Debt: $248.8MQ2 2024 · Cash: $87.4MQ2 2024 · Debt: $209.5MQ3 2024 · Cash: $52.3MQ3 2024 · Debt: $162.2MQ4 2024 · Cash: $78.4MQ4 2024 · Debt: $181.4MQ1 2025 · Cash: $60.3MQ1 2025 · Debt: $215.3MQ2 2025 · Cash: $90.5MQ2 2025 · Debt: $269MQ3 2025 · Cash: $73.9MQ3 2025 · Debt: $367.3MQ4 2025 · Cash: $712.6MQ4 2025 · Debt: $305.6MQ1 2026 · Cash: $501.9MQ1 2026 · Debt: $283.9MQ2 2026 · Cash: $512.3MQ2 2026 · Debt: $240.4MQ3 2023Q2 2026
CashDebt
Profitability+28.9%Q2 2026
+2.7%+11.6%+20.5%+29.3%Q3 2023 · Gross margin: +21.2%Q4 2023 · Gross margin: +17.5%Q1 2024 · Gross margin: +20.9%Q2 2024 · Gross margin: +22.4%Q3 2024 · Gross margin: +21.3%Q4 2024 · Gross margin: +18.5%Q1 2025 · Gross margin: +20.2%Q2 2025 · Gross margin: +22.9%Q3 2025 · Gross margin: +24.6%Q4 2025 · Gross margin: +20.7%Q1 2026 · Gross margin: +29.3%Q2 2026 · Gross margin: +28.9%Q3 2023 · Operating margin: -6.2%Q4 2023 · Operating margin: -3.2%Q1 2024 · Operating margin: +3.6%Q2 2024 · Operating margin: +6.5%Q3 2024 · Operating margin: +6.9%Q4 2024 · Operating margin: +0.9%Q1 2025 · Operating margin: +3.3%Q2 2025 · Operating margin: +7.8%Q3 2025 · Operating margin: +10.4%Q4 2025 · Operating margin: -2.1%Q1 2026 · Operating margin: +14.7%Q2 2026 · Operating margin: +17.1%Q3 2023 · Net margin: -6.0%Q4 2023 · Net margin: -3.3%Q1 2024 · Net margin: +3.1%Q2 2024 · Net margin: +5.9%Q3 2024 · Net margin: +7.2%Q4 2024 · Net margin: +1.7%Q1 2025 · Net margin: +3.5%Q2 2025 · Net margin: +7.8%Q3 2025 · Net margin: +10.4%Q4 2025 · Net margin: +0.3%Q1 2026 · Net margin: +9.2%Q2 2026 · Net margin: +14.8%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+24.3%Q2 2026
+17.4%+34.8%+52.1%+69.5%Q3 2024: +69.5%Q4 2024: +17.4%Q1 2025: +5.2%Q2 2025: +25.1%Q3 2025: +32.3%Q4 2025: +64.8%Q1 2026: +44.0%Q2 2026: +24.3%Q3 2023Q2 2026
Shares outstanding368.3MQ2 2026
92.1M184.1M276.2M368.3MQ3 2023: 258.8MQ4 2023: 258.9MQ1 2024: 259.5MQ2 2024: 258.9MQ3 2024: 258.9MQ4 2024: 265.1MQ1 2025: 261.9MQ2 2025: 261.9MQ3 2025: 268MQ4 2025: 280.3MQ1 2026: 352.7MQ2 2026: 368.3MQ3 2023Q2 2026
Valuation111.8Q2 2026
485.91,070.51,655.12,239.7Q3 2023 · P/E: -98.7Q4 2023 · P/E: -95.6Q1 2024 · P/E: 104.5Q2 2024 · P/E: 39.5Q3 2024 · P/E: 30.8Q4 2024 · P/E: 180.0Q1 2025 · P/E: 77.8Q2 2025 · P/E: 34.8Q3 2025 · P/E: 61.4Q4 2025 · P/E: 2,239.7Q1 2026 · P/E: 74.7Q2 2026 · P/E: 111.8Q3 2023 · P/S: 23.8Q4 2023 · P/S: 12.8Q1 2024 · P/S: 12.8Q2 2024 · P/S: 9.4Q3 2024 · P/S: 8.8Q4 2024 · P/S: 12.1Q1 2025 · P/S: 10.9Q2 2025 · P/S: 10.9Q3 2025 · P/S: 25.9Q4 2025 · P/S: 25.7Q1 2026 · P/S: 27.8Q2 2026 · P/S: 66.2Q3 2023Q2 2026
P/EP/S
Revenue$717.5M2025
$179.4M$358.7M$538.1M$717.5M2018: $469.5M2019: $442.3M2020: $402.9M2021: $434.3M2022: $563.1M2023: $459.2M2024: $543.2M2025: $717.5M20182025
Net income$39.2M2025
-$19.9M-$210K$19.5M$39.2M2018: $11.4M2019: $3.2M2020: -$39.6M2021: $10M2022: $25.5M2023: $14.1M2024: $24.8M2025: $39.2M20182025
EBITDA$80.6M2025
$20.1M$40.3M$60.4M$80.6M2018: $21.1M2019: $30.5M2020: $8.8M2021: $45.5M2022: $62.2M2023: $50.7M2024: $41.9M2025: $80.6M20182025
Free cash flow-$212.4M2025
-$149.8M-$87.2M-$24.6M$38M2018: -$91.4M2019: -$6.4M2020: -$123.1M2021: -$23.1M2022: -$18.4M2023: -$9M2024: $38M2025: -$212.4M20182025
EPS$0.142025
-$0.09-$0.01$0.06$0.142018: $0.052019: $0.012020: -$0.172021: $0.042022: $0.12023: $0.052024: $0.092025: $0.1420182025
Cash / Debt$712.6M2025
$178.2M$356.3M$534.5M$712.6M2018 · Cash: $27.3M2018 · Debt: $44.6M2019 · Cash: $43.1M2019 · Debt: $81.3M2020 · Cash: $43.3M2020 · Debt: $107.2M2021 · Cash: $36.5M2021 · Debt: $149.5M2022 · Cash: $58M2022 · Debt: $174M2023 · Cash: $65.1M2023 · Debt: $187.1M2024 · Cash: $78.4M2024 · Debt: $181.4M2025 · Cash: $712.6M2025 · Debt: $305.6M20182025
CashDebt
Profitability+22.3%2025
-2.3%+5.9%+14.1%+22.3%2018 · Gross margin: +11.4%2019 · Gross margin: +17.3%2020 · Gross margin: +11.8%2021 · Gross margin: +19.7%2022 · Gross margin: +18.1%2023 · Gross margin: +21.4%2024 · Gross margin: +20.8%2025 · Gross margin: +22.3%2018 · Operating margin: +2.6%2019 · Operating margin: +0.7%2020 · Operating margin: -10.5%2021 · Operating margin: +2.3%2022 · Operating margin: +4.7%2023 · Operating margin: +3.1%2024 · Operating margin: +4.6%2025 · Operating margin: +4.2%2018 · Net margin: +2.4%2019 · Net margin: +0.7%2020 · Net margin: -9.8%2021 · Net margin: +2.3%2022 · Net margin: +4.5%2023 · Net margin: +3.1%2024 · Net margin: +4.6%2025 · Net margin: +5.5%20182025
Gross marginOperating marginNet margin
Revenue growth+32.1%2025
-5.8%+6.8%+19.4%+32.1%2019: -5.8%2020: -8.9%2021: +7.8%2022: +29.7%2023: -18.5%2024: +18.3%2025: +32.1%20182025
Shares outstanding280.3M2025
70.1M140.2M210.2M280.3M2018: 217M2019: 218.9M2020: 237.8M2021: 253.3M2022: 256.1M2023: 263.9M2024: 265.1M2025: 280.3M20182025
Valuation143.02025
45.6104.0162.4220.82018 · P/E: 41.72019 · P/E: 220.82020 · P/E: -12.72021 · P/E: 49.62022 · P/E: 16.82023 · P/E: 103.72024 · P/E: 64.42025 · P/E: 143.02018 · P/S: 1.02019 · P/S: 1.62020 · P/S: 1.32021 · P/S: 1.12022 · P/S: 0.82023 · P/S: 3.22024 · P/S: 2.92025 · P/S: 7.820182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-19
Revenue est. $218.7M · Updated 1h ago
Dividend
¥0.09
2026-09-08

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

4
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20265.11$1.6B+117%1
FY 202716.77$3.5B+394%1
FY 202826.16$5.1B+611%1
Q3 20260.00$218.7M+11%0

Company events

6
2026-10-19EarningsActual - / Estimate $218.7M-
2026-09-08Dividend¥0.09-
2026-08-24EarningsActual 0.57 / Estimate --
2026-05-19Dividend¥0.28-
2026-04-27EarningsActual 0.34 / Estimate --
2026-03-30EarningsActual 0.02 / Estimate --

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering CIGSHANGHAI have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings00
Analysts00
Buy / hold / sell
Upgrades / downgrades / initiations0 / 0 / 00 / 0 / 0
Price targets hit / missed
Avg. return after a rating (TipRanks)
Best / worst call / /

After buy calls on this stock: not enough measured cases yet

TipRanks data via FMP · computed Sep 24, 2026 · 0 ratings

Frequently asked questions

Where can I trade CIGSHANGHAI perpetual futures?

CIG Shanghai Co., Ltd. (CIGSHANGHAI) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade CIGSHANGHAI around the clock?

Yes. Unlike the underlying stock, CIGSHANGHAI perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on CIGSHANGHAI perpetuals?

Right now the CIGSHANGHAI perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the CIGSHANGHAI perp price compare to the CIG Shanghai Co., Ltd. stock?

The venue-median CIGSHANGHAI perp mark is $31.2 versus a reference stock price of $31.2, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a CIGSHANGHAI perpetual future?

A CIGSHANGHAI perpetual is a derivative that tracks the price of CIG Shanghai Co., Ltd. with no expiry date. It lets you take long or short exposure to CIG Shanghai Co., Ltd. on crypto venues, around the clock.

What is CIGSHANGHAIUSDT perpetual?

CIGSHANGHAIUSDT is the symbol most crypto exchanges use for the CIG Shanghai Co., Ltd. perpetual settled in USDT (Tether). It tracks the CIGSHANGHAI share price through an index, trades 24/7 with leverage and never expires.

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