PerpEquities

CIG Shanghai Co., Ltd. (CIGSHANGHAI) financials

SHH · Technology · Communication Equipment · 1,354 employees · CEO Gerald G. Wong

Price
CN¥126.67 +1.17%
Market cap
CN¥34.9B
Enterprise value
CN¥33.1B
Last report
Q2 '26 filed 2026-06-30
Next report
2027-04-22
Revenue (TTM)CN¥5.49B+40.0% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)9.8%+4.8 pp vs a year agoOperating income CN¥539M
Net income (TTM)CN¥470M+126.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-CN¥2.71B-475.2% vs a year agoCapex CN¥1.32B
Diluted EPS (TTM)CN¥1.44+82.1% vs a year agoSum of the last 4 quarters
Net cashCN¥1.84B+253.1% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
CN¥34.9B
EV CN¥33.1B
Revenue
CN¥5.49B
Trailing 12 months
Revenue growth
+117%
FY2026 consensus
Profit margin
8.6%
Net income / revenue, TTM
P/E
87.7×
Forward 24.8× (FY2026)
P/S
6.4×
Price / sales, TTM
EV / EBITDA
40.5×
TTM
Free cash flow
-CN¥2.71B
Trailing 12 months
Net income
CN¥470M
Trailing 12 months
Revenue estimate
CN¥10.5B
FY2026 consensus
Earnings
2027-04-22
Dividend
CN¥0.33
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Revenue growth slowing: 24.3% year on yearQ2 '26 revenue CN¥1.42B, against an average of 41.5% over the four quarters before.
  • Operating margin 9.8% (TTM), +4.8 pp on a year agoOperating income grew 175.2% while revenue grew 40.0%.
  • 51.6% of pre-tax profit is eaten by non-operating lossesPre-tax income CN¥356M vs operating income CN¥539M (TTM). Losses on equity stakes and other one-off items cut net income and EPS - operating income is the cleaner measure of the business.
  • Capex 24.0% of revenue (a year ago 13.2%)CN¥1.32B invested in the last 4 quarters (+153.5% on a year earlier). Free cash flow -CN¥2.71B = -576.3% of net income.
  • Diluted share count up 40.6% in a year368M diluted shares in Q2 '26, 262M a year earlier.
  • Net cash CN¥1.84BCash + short-term investments CN¥3.45B, debt incl. leases CN¥1.62B; a year ago net debt CN¥1.2B.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q2 '26Year agoChange
RevenueCN¥1.42BCN¥1.14B+24.3%
Gross margin28.9%22.9%+6.0 pp
Operating incomeCN¥242MCN¥89.5M+170.9%
Operating margin17.1%7.8%+9.3 pp
Net incomeCN¥209MCN¥89.5M+134.1%
Diluted EPSCN¥0.57CN¥0.34+67.6%
Operating cash flow-CN¥894M-CN¥47.7M-1,774.8%
CapexCN¥258MCN¥137M+87.9%
Free cash flow-CN¥1.15B-CN¥185M-523.2%
R&DCN¥73.5MCN¥83.2M-11.7%
Stock-based compensationCN¥0CN¥0–

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
-CN¥1.39B
Capex
-CN¥1.32B
Buybacks
CN¥0
Dividends
-CN¥140M
Acquisitions
CN¥1.12M
Net debt issued
-CN¥377M
Stock-based compensation
CN¥0
Free cash flow
-CN¥2.71B
Returned to shareholders / FCF
-5.2%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)87.7×75.5×16.8× – 143.0×
EV / EBITDA40.5×26.7×7.6× – 64.5×
EV / Sales6.0×3.2×1.0× – 7.2×
Price / FCF-12.9×42.1× 1 of 5 years42.1× – 42.1×
Price / Book5.0×3.5×1.5× – 5.1×
FCF yield-7.8%-2.2%-4.6% – 2.4%
Return on invested capital4.9%3.4%2.1% – 5.7%
Return on equity7.0%5.6%3.5% – 8.9%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026CN¥10.5B+116.8%CN¥5.11+443.3%24.8×1
FY2027CN¥23.8B+127.8%CN¥16.77+228.3%7.6×1
FY2028CN¥34.3B+43.9%CN¥26.16+56.0%4.8×1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02