S 
Shanghai Mechanical & Electrical Industry Co 600835.SS · CNY
Industrials · Shanghai · 🇨🇳 China
17.38
-1.03%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥19.24bn
FY2016FY2025
Net income
CN¥792.5m
FY2016FY2025
Free cash flow
CN¥1.08bn
FY2016FY2025
Shareholders' equity
CN¥14.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥19.24bn | CN¥20.68bn | CN¥22.32bn | CN¥23.57bn | CN¥24.72bn | CN¥23.39bn | CN¥22.29bn | CN¥21.23bn | CN¥19.47bn | CN¥18.94bn |
| Gross profit | CN¥2.80bn | CN¥3.25bn | CN¥3.56bn | CN¥3.63bn | CN¥4.02bn | CN¥3.98bn | CN¥3.75bn | CN¥4.02bn | CN¥4.23bn | CN¥4.14bn |
| Research and development | CN¥712.7m | CN¥766.3m | CN¥789.3m | CN¥789.1m | CN¥830.7m | CN¥790.2m | CN¥751.2m | CN¥697.0m | CN¥655.9m | CN¥634.3m |
| Operating income | CN¥392.6m | CN¥1.47bn | CN¥1.68bn | CN¥1.63bn | CN¥1.23bn | CN¥1.94bn | CN¥1.94bn | CN¥2.35bn | CN¥2.63bn | CN¥2.64bn |
| Net income | CN¥792.5m | CN¥937.3m | CN¥999.9m | CN¥981.5m | CN¥810.9m | CN¥1.13bn | CN¥1.13bn | CN¥1.27bn | CN¥1.39bn | CN¥1.45bn |
| Diluted earnings per share | 0.77 | 0.92 | 0.98 | 0.96 | 0.78 | 1.11 | 1.13 | 1.24 | 1.38 | 1.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥33.46bn | CN¥35.17bn | CN¥37.22bn | CN¥37.51bn | CN¥37.21bn | CN¥36.17bn | CN¥34.19bn | CN¥33.66bn | CN¥33.52bn | CN¥31.74bn |
| Cash and short-term investments | CN¥13.69bn | CN¥13.30bn | CN¥12.98bn | CN¥12.20bn | CN¥11.75bn | CN¥11.82bn | CN¥12.42bn | CN¥13.21bn | CN¥14.41bn | CN¥13.94bn |
| Total liabilities | CN¥16.39bn | CN¥18.82bn | CN¥21.01bn | CN¥21.92bn | CN¥22.58bn | CN¥21.78bn | CN¥20.52bn | CN¥20.53bn | CN¥21.09bn | CN¥20.15bn |
| Debt | CN¥348.1m | CN¥47.9m | CN¥104.2m | CN¥118.2m | CN¥119.7m | CN¥99.0m | CN¥99.9m | CN¥39.1m | CN¥34.6m | CN¥29.6m |
| Shareholders' equity | CN¥14.06bn | CN¥13.72bn | CN¥13.47bn | CN¥12.95bn | CN¥12.31bn | CN¥11.93bn | CN¥11.38bn | CN¥10.80bn | CN¥10.04bn | CN¥9.21bn |
| Shares outstanding | 1,023m | 1,023m | 1,023m | 1,023m | 1,035m | 1,018m | 1,002m | 1,024m | 1,011m | 1,027m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.24bn | CN¥897.4m | CN¥1.27bn | CN¥693.8m | CN¥720.4m | CN¥1.10bn | CN¥173.0m | CN¥188.5m | CN¥1.93bn | CN¥2.00bn |
| Capital spending | −CN¥161.6m | −CN¥72.2m | −CN¥135.3m | −CN¥148.1m | −CN¥164.5m | −CN¥272.8m | −CN¥281.8m | −CN¥264.2m | −CN¥170.5m | −CN¥500.6m |
| Free cash flow | CN¥1.08bn | CN¥825.2m | CN¥1.13bn | CN¥545.7m | CN¥555.9m | CN¥823.5m | −CN¥108.8m | −CN¥75.7m | CN¥1.76bn | CN¥1.50bn |
| Dividends paid | −CN¥429.6m | −CN¥655.7m | −CN¥442.2m | −CN¥296.6m | −CN¥398.9m | −CN¥378.4m | −CN¥450.0m | −CN¥493.2m | −CN¥441.4m | −CN¥267.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥5.21bn | CN¥4.26bn | CN¥4.59bn | CN¥5.27bn | CN¥5.23bn | CN¥4.21bn | CN¥5.00bn | CN¥5.60bn |
| Gross profit | CN¥935.1m | CN¥687.8m | CN¥721.8m | CN¥754.5m | CN¥782.9m | CN¥667.0m | CN¥777.6m | CN¥817.4m |
| Operating income | CN¥366.7m | CN¥268.9m | −CN¥124.5m | CN¥157.1m | CN¥329.4m | CN¥361.9m | CN¥331.0m | CN¥339.9m |
| Net income | CN¥217.1m | CN¥178.5m | CN¥87.6m | CN¥214.2m | CN¥287.1m | CN¥203.5m | CN¥208.9m | CN¥202.6m |
| Diluted earnings per share | 0.21 | 0.17 | 0.09 | 0.21 | 0.28 | 0.20 | 0.20 | 0.20 |
| Cash from operations | — | — | −CN¥234.0m | CN¥817.0m | CN¥609.0m | −CN¥128.0m | — | CN¥751.0m |
| Capital spending | −CN¥42.0m | −CN¥22.0m | −CN¥89.0m | −CN¥6.0m | −CN¥8.0m | −CN¥57.0m | −CN¥28.0m | −CN¥17.0m |
| Free cash flow | — | — | −CN¥323.0m | CN¥811.0m | CN¥601.0m | −CN¥185.0m | — | CN¥734.0m |
| Total assets | CN¥33.12bn | CN¥32.88bn | CN¥33.46bn | CN¥34.64bn | CN¥34.67bn | CN¥34.81bn | CN¥35.17bn | CN¥36.95bn |
| Cash and short-term investments | — | — | CN¥13.69bn | CN¥14.38bn | CN¥13.64bn | CN¥13.11bn | CN¥13.30bn | CN¥14.28bn |
| Debt | — | — | CN¥307.5m | CN¥269.5m | CN¥14.9m | CN¥14.6m | CN¥11.9m | CN¥10.2m |
| Shareholders' equity | CN¥14.15bn | CN¥14.14bn | CN¥14.06bn | CN¥13.99bn | CN¥13.98bn | CN¥13.92bn | CN¥13.72bn | CN¥13.54bn |
Financial ratios
Data as of 24 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 14.6% | 15.7% | 15.9% | 15.4% | 16.3% | 17.0% |
| Operating margin | 2.0% | 7.1% | 7.5% | 6.9% | 5.0% | 8.3% |
| Net margin | 4.1% | 4.5% | 4.5% | 4.2% | 3.3% | 4.8% |
| Return on equity | 5.6% | 6.8% | 7.4% | 7.6% | 6.6% | 9.5% |
| Return on assets | 2.4% | 2.7% | 2.7% | 2.6% | 2.2% | 3.1% |
| Free cash flow yield | 7.3% | 5.1% | 7.3% | 4.4% | 4.6% | 7.2% |
| Revenue growth | -7.0% | -7.3% | -5.3% | -4.6% | 5.7% | 5.0% |
| Earnings growth | -15.5% | -6.3% | 1.9% | 21.0% | -28.2% | 0.0% |
| Current ratio | 1.64x | 1.55x | 1.49x | 1.44x | 1.38x | 1.39x |
| Debt to equity | 0.02x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 42.0% | 39.0% | 36.2% | 34.5% | 33.1% | 33.0% |
| Interest coverage | 54.47x | 172.90x | 195.92x | 141.92x | 96.66x | 140.25x |
| R&D as a share of sales | 3.7% | 3.7% | 3.5% | 3.3% | 3.4% | 3.4% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 1.2% | -1.7% | -1.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.5% | -3.8% | -0.0% |
| Operating income | -37.8% | -27.3% | -17.5% |
| Net income | -6.9% | -6.8% | -8.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.2% | 15.4% | 15.9% | 17.6% |
| Operating margin | 4.7% | 6.0% | 6.2% | 8.8% |
| Net margin | 4.3% | 4.3% | 4.2% | 5.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 38.7 | 19.6 | 12.1 | 11.7 | 20.3 | 17.5 | 14.7 | 11.8 | 17.8 | 13.8 |
| Price to sales | 1.6 | 0.9 | 0.5 | 0.5 | 0.7 | 0.8 | 0.8 | 0.7 | 1.3 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 2 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.16 | 0.42 | 0.64 | 0.43 | 0.29 | 0.39 | 0.37 | 0.44 |
- 6-for-5 split · 9 Jul 2008
- 6-for-5 split · 6 Jul 2004
- 6-for-5 split · 23 Jun 2003
- 11-for-10 split · 13 Aug 2002
- 6-for-5 split · 20 Jul 2001
- 6-for-5 split · 4 Jun 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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