S 
State Grid Information & Communication Co 600131.SS · CNY
Information Technology · Shanghai · 🇨🇳 China
13.97
-1.62%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Net income
CN¥619.4m
FY2016FY2025
Free cash flow
CN¥1.48bn
FY2016FY2025
Shareholders' equity
CN¥6.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | CN¥315.7m | CN¥241.9m | CN¥291.0m | CN¥193.8m | CN¥155.9m | CN¥242.1m | CN¥230.8m | CN¥200.3m | — | — |
| Operating income | CN¥813.1m | CN¥726.1m | CN¥876.9m | CN¥890.1m | CN¥769.9m | CN¥673.3m | CN¥654.6m | CN¥499.8m | CN¥37.6m | CN¥149.7m |
| Net income | CN¥619.4m | CN¥682.5m | CN¥828.2m | CN¥800.8m | CN¥677.1m | CN¥606.9m | CN¥487.0m | CN¥408.4m | CN¥80.0m | CN¥164.1m |
| Diluted earnings per share | 0.56 | 0.56 | 0.73 | 0.67 | 0.58 | 0.52 | 0.45 | 0.81 | 0.16 | 0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥14.18bn | CN¥12.89bn | CN¥13.57bn | CN¥12.03bn | CN¥11.40bn | CN¥11.03bn | CN¥8.90bn | CN¥2.40bn | CN¥2.38bn | CN¥2.38bn |
| Cash and short-term investments | CN¥2.17bn | CN¥2.89bn | CN¥2.67bn | CN¥2.32bn | CN¥2.43bn | CN¥2.57bn | CN¥1.58bn | CN¥220.9m | CN¥144.2m | CN¥134.0m |
| Total liabilities | −CN¥6.41bn | CN¥6.10bn | CN¥7.24bn | CN¥6.30bn | CN¥6.26bn | CN¥6.39bn | CN¥6.16bn | CN¥1.17bn | CN¥1.24bn | CN¥1.34bn |
| Debt | — | CN¥231.3m | CN¥130.7m | CN¥264.3m | CN¥561.9m | CN¥560.0m | CN¥775.0m | CN¥825.0m | CN¥955.6m | CN¥999.6m |
| Shareholders' equity | CN¥6.41bn | CN¥6.79bn | CN¥6.33bn | CN¥5.73bn | CN¥5.13bn | CN¥4.64bn | CN¥2.74bn | CN¥1.22bn | CN¥1.15bn | CN¥1.05bn |
| Shares outstanding | 1,106m | 1,214m | 1,132m | 1,190m | 1,160m | 1,168m | 1,091m | 506m | 505m | 501m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.95bn | CN¥757.9m | CN¥919.0m | CN¥850.8m | CN¥618.8m | CN¥500.5m | CN¥382.9m | CN¥263.7m | CN¥153.1m | CN¥223.9m |
| Capital spending | −CN¥472.2m | −CN¥342.9m | −CN¥418.6m | −CN¥575.7m | −CN¥497.5m | −CN¥332.1m | −CN¥207.5m | −CN¥79.8m | −CN¥105.7m | −CN¥114.0m |
| Free cash flow | CN¥1.48bn | CN¥415.0m | CN¥500.4m | CN¥275.1m | CN¥121.4m | CN¥168.4m | CN¥175.5m | CN¥183.9m | CN¥47.4m | CN¥109.9m |
| Dividends paid | −CN¥298.0m | −CN¥252.4m | −CN¥245.5m | −CN¥203.2m | −CN¥185.3m | −CN¥188.7m | −CN¥149.5m | −CN¥69.8m | −CN¥74.3m | −CN¥85.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | CN¥204.1m | −CN¥20.4m | CN¥401.8m | CN¥91.7m | CN¥287.9m | CN¥31.7m | CN¥426.6m | CN¥101.5m |
| Net income | CN¥227.1m | CN¥4.3m | CN¥268.3m | CN¥85.3m | CN¥239.6m | CN¥26.3m | CN¥384.5m | CN¥85.5m |
| Diluted earnings per share | 0.21 | 0.00 | 0.24 | 0.08 | 0.22 | 0.02 | 0.32 | 0.07 |
| Cash from operations | — | — | — | CN¥224.0m | CN¥1.54bn | −CN¥331.0m | — | CN¥138.0m |
| Capital spending | −CN¥54.0m | −CN¥25.0m | −CN¥350.0m | −CN¥34.0m | −CN¥60.0m | −CN¥26.0m | −CN¥298.0m | −CN¥17.0m |
| Free cash flow | — | — | — | CN¥190.0m | CN¥1.48bn | −CN¥357.0m | — | CN¥121.0m |
| Total assets | CN¥12.72bn | CN¥13.21bn | CN¥14.18bn | CN¥14.00bn | CN¥14.54bn | CN¥12.27bn | CN¥12.89bn | CN¥12.47bn |
| Cash and short-term investments | — | — | CN¥2.17bn | CN¥2.17bn | CN¥3.24bn | CN¥2.60bn | CN¥2.89bn | CN¥2.22bn |
| Debt | — | — | — | CN¥1.25bn | CN¥100.0m | CN¥100.0m | CN¥100.0m | CN¥100.0m |
| Shareholders' equity | CN¥6.57bn | CN¥6.48bn | CN¥6.41bn | CN¥6.24bn | CN¥6.15bn | CN¥6.81bn | CN¥6.79bn | CN¥6.38bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 7.7% | 9.9% | 11.4% | 11.7% | 10.3% | 9.6% | — |
| Net margin | 5.8% | 9.3% | 10.8% | 10.5% | 9.1% | 8.7% | — |
| Return on equity | 9.7% | 10.1% | 13.1% | 14.0% | 13.2% | 13.1% | — |
| Return on assets | 4.4% | 5.3% | 6.1% | 6.7% | 5.9% | 5.5% | — |
| Free cash flow yield | 15.5% | 6.4% | 8.4% | 8.5% | 6.8% | 5.1% | — |
| Revenue growth | 45.3% | -4.7% | 0.8% | 2.0% | 6.5% | -9.7% | — |
| Earnings growth | -9.2% | -17.6% | 3.4% | 18.3% | 11.6% | 24.6% | — |
| Current ratio | 1.50x | 1.71x | 1.53x | 1.52x | 1.49x | 1.45x | — |
| Debt to equity | — | 0.01x | 0.02x | 0.03x | 0.08x | 0.10x | 0.29x |
| Equity ratio | 45.2% | 52.6% | 46.6% | 47.7% | 45.0% | 42.1% | — |
| Interest coverage | 59.07x | 50.55x | 76.62x | 42.13x | 21.47x | 18.41x | — |
| R&D as a share of sales | 3.0% | 3.3% | 3.8% | 2.5% | 2.1% | 3.5% | — |
| Buybacks as a share of market value | 8.9% | -7.2% | 4.8% | -2.5% | 0.7% | -7.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.8% | 8.7% | 27.5% |
| Operating income | -3.0% | 3.8% | 19.1% |
| Net income | -8.2% | 0.4% | 17.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.6% | 9.9% | 10.0% | 9.6% |
| Net margin | 7.3% | 8.8% | 8.8% | 8.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 28.8 | 33.6 | 20.7 | 22.2 | 37.5 | 27.4 | 44.4 | 7.6 | 43.6 | 33.0 |
| Price to sales | 1.7 | 3.1 | 2.2 | 2.3 | 3.4 | 2.4 | 2.8 | 0.5 | 4.2 | 4.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 13 Jan 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.221 | 0.207 | 0.20 | 0.17 | 0.155 | 0.125 | 0.05 | 0.05 |
- 1-to-1 reverse split · 18 Jan 2007
- 17-for-10 split · 6 Jun 2003
- 9-for-5 split · 4 Aug 1999
- 11-for-10 split · 4 Aug 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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