Sharetronic Data Technology Co., Ltd. (Xiechuang) (XIECHUANG) financials

SHZ · Technology · Consumer Electronics · 1,775 employees · CEO Wen Jun Pan

Price: CN¥150.41 +2.97%
Market cap: CN¥73.6B
Enterprise value: CN¥111B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-03-30

Revenue (TTM)CN¥23.6B+128.4% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)18.9%+9.0 pp vs a year agoOperating income CN¥4.47B

Net income (TTM)CN¥3.55B+326.7% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)-CN¥18.6B-89.8% vs a year agoCapex CN¥22.5B

Diluted EPS (TTM)CN¥7.26+320.0% vs a year agoSum of the last 4 quarters

Net cash-CN¥37B-240.4% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: CN¥73.6B
Revenue: CN¥23.6B
Revenue growth: +42%
Profit margin: 15.0%
P/E: 20.7×
P/S: 3.1×
EV / EBITDA: 20.9×
Free cash flow: -CN¥18.6B
Net income: CN¥3.55B
Revenue estimate: CN¥17.3B
Earnings: 2027-03-30
Dividend: CN¥0.24

Key takeaways

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

Revenue growth slowing: 109.3% year on yearQ3 '26 revenue CN¥7.09B, against an average of 125.5% over the four quarters before.
Operating margin 18.9% (TTM), +9.0 pp on a year agoOperating income grew 335.9% while revenue grew 128.4%.
14.0% of pre-tax profit is eaten by non-operating lossesPre-tax income CN¥3.92B vs operating income CN¥4.47B (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 95.0% of revenue (a year ago 81.1%)CN¥22.5B invested in the last 4 quarters (+167.6% on a year earlier). Free cash flow -CN¥18.6B = -522.8% of net income.
Diluted share count up 1.8% in a year489M diluted shares in Q3 '26, 481M a year earlier.
Net debt CN¥37BCash + short-term investments CN¥4.28B, debt incl. leases CN¥41.2B; a year ago net debt CN¥10.9B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q3 '26	Year ago	Change
Revenue	CN¥7.09B	CN¥3.39B	+109.3%
Gross margin	32.3%	17.7%	+14.5 pp
Operating income	CN¥1.85B	CN¥391M	+371.9%
Operating margin	26.1%	11.6%	+14.5 pp
Net income	CN¥1.22B	CN¥266M	+360.3%
Diluted EPS	CN¥2.50	CN¥0.55	+353.7%
Operating cash flow	-CN¥412M	CN¥186M	-321.3%
Capex	CN¥4.46B	CN¥3.22B	+38.6%
Free cash flow	-CN¥4.87B	-CN¥3.03B	-60.7%
R&D	CN¥156M	CN¥120M	+29.8%
Stock-based compensation	CN¥0	CN¥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¥3.89B
Capex: -CN¥22.5B
Buybacks: CN¥0
Dividends: -CN¥626M
Acquisitions: CN¥1.44M
Net debt issued: CN¥21.7B
Stock-based compensation: CN¥0
Free cash flow: -CN¥18.6B
Returned to shareholders / FCF: -3.4%

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

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	20.7×	51.4×	37.8× – 66.5×
EV / EBITDA	20.9×	33.7×	25.9× – 45.4×
EV / Sales	4.7×	3.4×	1.7× – 5.5×
Price / FCF	-4.0×	190.4× 1 of 5 years	190.4× – 190.4×
Price / Book	10.1×	7.8×	3.9× – 13.2×
FCF yield	-25.2%	-5.2%	-21.7% – 0.5%
Return on invested capital	8.3%	8.7%	6.8% – 13.1%
Return on equity	62.0%	15.8%	9.2% – 26.5%

Outlook

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

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	CN¥17.3B	+41.8%	CN¥3.93	+62.8%	38.3×	1
FY2027	CN¥22.7B	+30.8%	CN¥5.52	+40.5%	27.2×	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 EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash 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