PerpEquities

Equity · Energy

China Shenhua Energy Company Limited (A shares) (SHENHUA) perpetual futures

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

China Shenhua Energy Company Limited (A shares) tracked across crypto venues with normalized contract specifications.

$7.07+1.7%
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Price chart

 

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Collecting venue price data...
venue perp mark · Gate.io (SHENHUA/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
$268
Open interest
$7.8K
Best liquidity
-
Tightest spread
+84.9 bps
Gate.io
Highest volume
$268
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $178.7M
OI / float
0.00%
Float $51B
Spot performance
1D+1.74%
5D+3.96%
1M+2.43%
6M-0.93%
YTD+18.59%
1Y+23.31%

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.ioTradeSHENHUA/USDTTrading$7.070.0% APR
0.000% every 8h
+84.9 bps-$268$7.8KUSDT20x

Tradability

Execution quality

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

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

No fresh book data: Gate.io

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

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

SHENHUA

Highest volume

SHENHUA

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$155B
Updated 1h ago
Revenue
$51.5B
Trailing 12 months
Revenue growth
+32%
Next fiscal year
Profit margin
+16.5%
P/E
17.2
Peer P/E 15.1
Free cash flow
$4.6B
Trailing 12 months
More metrics
Net income
$8.5B
Trailing 12 months
P/S
3.0
Peer P/E
15.1
Similar listed perps
Revenue estimate
$57.8B
Next fiscal year
Earnings
2026-10-23
Revenue est. $15.1B · Updated 1h ago
Dividend
¥1.03
2026-07-13

Fundamental detail

Annual + quarterly
Latest revenue$43.9B
Net margin+17.9%
Free cash flow$4B
Net debt-$10B
2020$34.7B
2021$49.9B
2022$51.2B
2023$51B
2024$50.3B
2025$43.9B
PeriodRevenueGrowthNet incomeFCF
2020$34.7B-4%$5.3B$9.1B
2021$49.9B+44%$7.6B$10.6B
2022$51.2B+3%$10.4B$12.1B
2023$51B0%$9.6B$8B
2024$50.3B-1%$9.3B$8.5B
2025$43.9B-13%$7.9B$4B
PeriodGross marginOperating marginNet marginROEROA
2020+35.0%+30.3%+15.4%+10.0%+6.4%
2021+33.4%+29.7%+15.3%+13.6%+8.5%
2022+38.9%+28.5%+20.2%+17.7%+11.2%
2023+37.6%+33.7%+18.8%+15.8%+10.2%
2024+35.3%+31.3%+18.4%+14.6%+9.5%
2025+35.1%+24.4%+17.9%+12.9%+8.4%
PeriodCashDebtNet debtCurrent ratio
2020$16.8B$9.4B-$7.4B2.48
2021$23.3B$9.5B-$13.8B2.27
2022$25.4B$8.4B-$17B2.14
2023$16.1B$5.8B-$10.3B2.17
2024$21.2B$4.6B-$16.6B2.21
2025$14.4B$4.4B-$10B1.65
PeriodMarket capEnterprise valueP/SP/E
2020$53.2B$45.8B1.510.0
2021$66.6B$52.8B1.38.7
2022$81.6B$64.6B1.67.9
2023$92.7B$82.4B1.89.6
2024$128.5B$111.9B2.613.8
2025$119.7B$109.7B2.715.2
Q3 2024$12.8B
Q4 2024$12.6B
Q1 2025$10.4B
Q2 2025$10.2B
Q3 2025$11.2B
Q4 2025$12.2B
Q1 2026$10.5B
Q2 2026$17.7B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$12.8B+3%$2.6B$3.6B
Q4 2024$12.6B-7%$1.8B-$809.1M
Q1 2025$10.4B-21%$2.2B$1.3B
Q2 2025$10.2B-15%$1.9B$1.6B
Q3 2025$11.2B-13%$2.2B$2.2B
Q4 2025$12.2B-3%$2.1B-$1.2B
Q1 2026$10.5B+1%$1.6B$1.2B
Q2 2026$17.7B+74%$2.7B$2.4B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+21.5%+17.9%+20.7%+4.3%+2.7%
Q4 2024+49.8%+44.4%+14.0%+2.8%+1.8%
Q1 2025+34.1%+25.6%+21.1%+3.4%+2.2%
Q2 2025+37.0%+27.1%+18.5%+3.2%+1.9%
Q3 2025+21.2%+17.2%+19.5%+3.5%+2.3%
Q4 2025+32.6%+19.8%+16.9%+3.4%+2.2%
Q1 2026+32.9%+23.4%+15.2%+2.2%+1.4%
Q2 2026+36.7%+24.6%+15.2%+4.0%+2.0%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$13.3B$5.5B-$7.8B2.20
Q4 2024$21.2B$4.6B-$16.6B2.21
Q1 2025$23.1B$7.5B-$15.6B2.17
Q2 2025$24B$5.1B-$19B1.43
Q3 2025$7.1B$5.3B-$1.9B1.80
Q4 2025$14.4B$4.4B-$10B1.65
Q1 2026$17.6B$18.8B$1.1B0.99
Q2 2026$10.4B$25.3B$14.9B0.87
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$128.9B$121B10.112.1
Q4 2024$128.5B$111.9B10.218.1
Q1 2025$113.4B$97.8B11.016.0
Q2 2025$119.8B$100.8B11.815.8
Q3 2025$113.8B$111.9B10.213.0
Q4 2025$119.7B$109.7B9.814.7
Q1 2026$140B$141.1B13.422.1
Q2 2026$126B$140.8B7.111.8

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$17.7BQ2 2026
$4.4B$8.8B$13.3B$17.7BQ3 2023: $12.4BQ4 2023: $13.5BQ1 2024: $13.1BQ2 2024: $12BQ3 2024: $12.8BQ4 2024: $12.6BQ1 2025: $10.4BQ2 2025: $10.2BQ3 2025: $11.2BQ4 2025: $12.2BQ1 2026: $10.5BQ2 2026: $17.7BQ3 2023Q2 2026
Net income$2.7BQ2 2026
$671.2M$1.3B$2B$2.7BQ3 2023: $2.3BQ4 2023: $1.8BQ1 2024: $2.6BQ2 2024: $2.2BQ3 2024: $2.6BQ4 2024: $1.8BQ1 2025: $2.2BQ2 2025: $1.9BQ3 2025: $2.2BQ4 2025: $2.1BQ1 2026: $1.6BQ2 2026: $2.7BQ3 2023Q2 2026
EBITDA$5.6BQ2 2026
$1.4B$2.8B$4.2B$5.6BQ3 2023: $4.1BQ4 2023: $4.6BQ1 2024: $4.1BQ2 2024: $3.7BQ3 2024: $4.5BQ4 2024: $3.7BQ1 2025: $3.3BQ2 2025: $3.8BQ3 2025: $4BQ4 2025: $4.1BQ1 2026: $2.6BQ2 2026: $5.6BQ3 2023Q2 2026
Free cash flow$2.4BQ2 2026
-$4.1M$1.2B$2.4B$3.6BQ3 2023: $2.8BQ4 2023: $653.2MQ1 2024: $2.5BQ2 2024: $3.1BQ3 2024: $3.6BQ4 2024: -$809.1MQ1 2025: $1.3BQ2 2025: $1.6BQ3 2025: $2.2BQ4 2025: -$1.2BQ1 2026: $1.2BQ2 2026: $2.4BQ3 2023Q2 2026
EPS$0.12Q2 2026
$0.03$0.07$0.1$0.13Q3 2023: $0.12Q4 2023: $0.09Q1 2024: $0.11Q2 2024: $0.11Q3 2024: $0.13Q4 2024: $0.09Q1 2025: $0.09Q2 2025: $0.1Q3 2025: $0.11Q4 2025: $0.1Q1 2026: $0.08Q2 2026: $0.12Q3 2023Q2 2026
Cash / Debt$10.4BQ2 2026
$6.3B$12.6B$18.9B$25.3BQ3 2023 · Cash: $15.6BQ3 2023 · Debt: $6BQ4 2023 · Cash: $16.1BQ4 2023 · Debt: $5.8BQ1 2024 · Cash: $16.5BQ1 2024 · Debt: $5.3BQ2 2024 · Cash: $16.9BQ2 2024 · Debt: $5.7BQ3 2024 · Cash: $13.3BQ3 2024 · Debt: $5.5BQ4 2024 · Cash: $21.2BQ4 2024 · Debt: $4.6BQ1 2025 · Cash: $23.1BQ1 2025 · Debt: $7.5BQ2 2025 · Cash: $24BQ2 2025 · Debt: $5.1BQ3 2025 · Cash: $7.1BQ3 2025 · Debt: $5.3BQ4 2025 · Cash: $14.4BQ4 2025 · Debt: $4.4BQ1 2026 · Cash: $17.6BQ1 2026 · Debt: $18.8BQ2 2026 · Cash: $10.4BQ2 2026 · Debt: $25.3BQ3 2023Q2 2026
CashDebt
Profitability+36.7%Q2 2026
+13.4%+26.8%+40.3%+53.7%Q3 2023 · Gross margin: +18.7%Q4 2023 · Gross margin: +53.7%Q1 2024 · Gross margin: +33.5%Q2 2024 · Gross margin: +39.6%Q3 2024 · Gross margin: +21.5%Q4 2024 · Gross margin: +49.8%Q1 2025 · Gross margin: +34.1%Q2 2025 · Gross margin: +37.0%Q3 2025 · Gross margin: +21.2%Q4 2025 · Gross margin: +32.6%Q1 2026 · Gross margin: +32.9%Q2 2026 · Gross margin: +36.7%Q3 2023 · Operating margin: +15.0%Q4 2023 · Operating margin: +48.6%Q1 2024 · Operating margin: +25.6%Q2 2024 · Operating margin: +35.8%Q3 2024 · Operating margin: +17.9%Q4 2024 · Operating margin: +44.4%Q1 2025 · Operating margin: +25.6%Q2 2025 · Operating margin: +27.1%Q3 2025 · Operating margin: +17.2%Q4 2025 · Operating margin: +19.8%Q1 2026 · Operating margin: +23.4%Q2 2026 · Operating margin: +24.6%Q3 2023 · Net margin: +18.8%Q4 2023 · Net margin: +13.4%Q1 2024 · Net margin: +19.6%Q2 2024 · Net margin: +18.7%Q3 2024 · Net margin: +20.7%Q4 2024 · Net margin: +14.0%Q1 2025 · Net margin: +21.1%Q2 2025 · Net margin: +18.5%Q3 2025 · Net margin: +19.5%Q4 2025 · Net margin: +16.9%Q1 2026 · Net margin: +15.2%Q2 2026 · Net margin: +15.2%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+73.6%Q2 2026
+2.6%+26.3%+49.9%+73.6%Q3 2024: +3.4%Q4 2024: -6.8%Q1 2025: -21.1%Q2 2025: -14.8%Q3 2025: -12.6%Q4 2025: -3.2%Q1 2026: +1.2%Q2 2026: +73.6%Q3 2023Q2 2026
Shares outstanding21.7BQ2 2026
5.4B10.8B16.3B21.7BQ3 2023: 19.9BQ4 2023: 19.9BQ1 2024: 19.9BQ2 2024: 19.9BQ3 2024: 19.9BQ4 2024: 19.9BQ1 2025: 19.9BQ2 2025: 19.9BQ3 2025: 19.9BQ4 2025: 19.9BQ1 2026: 20.1BQ2 2026: 21.7BQ3 2023Q2 2026
Valuation11.8Q2 2026
5.511.016.522.1Q3 2023 · P/E: 9.9Q4 2023 · P/E: 12.8Q1 2024 · P/E: 13.1Q2 2024 · P/E: 14.9Q3 2024 · P/E: 12.1Q4 2024 · P/E: 18.1Q1 2025 · P/E: 16.0Q2 2025 · P/E: 15.8Q3 2025 · P/E: 13.0Q4 2025 · P/E: 14.7Q1 2026 · P/E: 22.1Q2 2026 · P/E: 11.8Q3 2023 · P/S: 7.5Q4 2023 · P/S: 6.9Q1 2024 · P/S: 8.6Q2 2024 · P/S: 11.2Q3 2024 · P/S: 10.1Q4 2024 · P/S: 10.2Q1 2025 · P/S: 11.0Q2 2025 · P/S: 11.8Q3 2025 · P/S: 10.2Q4 2025 · P/S: 9.8Q1 2026 · P/S: 13.4Q2 2026 · P/S: 7.1Q3 2023Q2 2026
P/EP/S
Revenue$43.9B2025
$12.8B$25.6B$38.4B$51.2B2018: $39.3B2019: $36B2020: $34.7B2021: $49.9B2022: $51.2B2023: $51B2024: $50.3B2025: $43.9B20182025
Net income$7.9B2025
$2.6B$5.2B$7.8B$10.4B2018: $6.6B2019: $6.2B2020: $5.3B2021: $7.6B2022: $10.4B2023: $9.6B2024: $9.3B2025: $7.9B20182025
EBITDA$15.7B2025
$4.5B$8.9B$13.4B$17.8B2018: $15.1B2019: $12.7B2020: $11.6B2021: $15.3B2022: $17.8B2023: $17.6B2024: $16.4B2025: $15.7B20182025
Free cash flow$4B2025
$3B$6B$9B$12.1B2018: $10.2B2019: $6.7B2020: $9.1B2021: $10.6B2022: $12.1B2023: $8B2024: $8.5B2025: $4B20182025
EPS$0.42025
$0.13$0.26$0.39$0.522018: $0.332019: $0.312020: $0.272021: $0.392022: $0.522023: $0.482024: $0.472025: $0.420182025
Cash / Debt$14.4B2025
$6.3B$12.7B$19B$25.4B2018 · Cash: $9.2B2018 · Debt: $8.8B2019 · Cash: $6.2B2019 · Debt: $7.3B2020 · Cash: $16.8B2020 · Debt: $9.4B2021 · Cash: $23.3B2021 · Debt: $9.5B2022 · Cash: $25.4B2022 · Debt: $8.4B2023 · Cash: $16.1B2023 · Debt: $5.8B2024 · Cash: $21.2B2024 · Debt: $4.6B2025 · Cash: $14.4B2025 · Debt: $4.4B20182025
CashDebt
Profitability+35.1%2025
+9.7%+19.4%+29.2%+38.9%2018 · Gross margin: +37.9%2019 · Gross margin: +35.9%2020 · Gross margin: +35.0%2021 · Gross margin: +33.4%2022 · Gross margin: +38.9%2023 · Gross margin: +37.6%2024 · Gross margin: +35.3%2025 · Gross margin: +35.1%2018 · Operating margin: +33.7%2019 · Operating margin: +31.5%2020 · Operating margin: +30.3%2021 · Operating margin: +29.7%2022 · Operating margin: +28.5%2023 · Operating margin: +33.7%2024 · Operating margin: +31.3%2025 · Operating margin: +24.4%2018 · Net margin: +16.7%2019 · Net margin: +17.2%2020 · Net margin: +15.4%2021 · Net margin: +15.3%2022 · Net margin: +20.2%2023 · Net margin: +18.8%2024 · Net margin: +18.4%2025 · Net margin: +17.9%20182025
Gross marginOperating marginNet margin
Revenue growth-12.8%2025
+1.3%+15.5%+29.7%+43.9%2019: -8.4%2020: -3.6%2021: +43.9%2022: +2.6%2023: -0.4%2024: -1.4%2025: -12.8%20182025
Shares outstanding19.9B2025
5B9.9B14.9B19.9B2018: 19.9B2019: 19.9B2020: 19.9B2021: 19.9B2022: 19.9B2023: 19.9B2024: 19.9B2025: 19.9B20182025
Valuation15.22025
3.87.611.415.22018 · P/E: 8.02019 · P/E: 8.72020 · P/E: 10.02021 · P/E: 8.72022 · P/E: 7.92023 · P/E: 9.62024 · P/E: 13.82025 · P/E: 15.22018 · P/S: 1.32019 · P/S: 1.52020 · P/S: 1.52021 · P/S: 1.32022 · P/S: 1.62023 · P/S: 1.82024 · P/S: 2.62025 · P/S: 2.720182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-23
Revenue est. $15.1B · Updated 1h ago
Dividend
¥1.03
2026-07-13

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20262.91$57.8B+32%5
FY 20272.93$59B+34%5
FY 20283.02$60.2B+37%2
Q2 20260.77$9.1B-11%2
Q3 20260.80$15.1B+35%1
Q4 20260.87$9.1B-25%1

Company events

6
2026-10-23EarningsActual - / Estimate 0.8-
2026-08-28EarningsActual 0.76 / Estimate 0.76In line
2026-07-13Dividend¥1.03-
2026-04-24EarningsActual 0.59 / Estimate 0.69Miss
2026-03-30EarningsActual 0.61 / Estimate 0.59Beat
2025-11-10Dividend¥0.98-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering SHENHUA 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 SHENHUA perpetual futures?

China Shenhua Energy Company Limited (A shares) (SHENHUA) 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 SHENHUA around the clock?

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

What is the funding rate on SHENHUA perpetuals?

Right now the SHENHUA 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 SHENHUA perp price compare to the China Shenhua Energy Company Limited (A shares) stock?

The venue-median SHENHUA perp mark is $7.07 versus a reference stock price of $7.07, 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 SHENHUA perpetual future?

A SHENHUA perpetual is a derivative that tracks the price of China Shenhua Energy Company Limited (A shares) with no expiry date. It lets you take long or short exposure to China Shenhua Energy Company Limited (A shares) on crypto venues, around the clock.

What is SHENHUAUSDT perpetual?

SHENHUAUSDT is the symbol most crypto exchanges use for the China Shenhua Energy Company Limited (A shares) perpetual settled in USDT (Tether). It tracks the SHENHUA share price through an index, trades 24/7 with leverage and never expires.

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