CompanyGraph
Shanghai Waigaoqiao Free Trade Zone Development Co., Ltd.
600648 · SSE · China
china-ftz.comFinancials as of FY2025
What stands out
- Earnings significantly exceed cash generation
At a glance
- Depends onUpstream position: supplies 6 industries, depends on 0
- ScaleLevered free cash flow is -$546.22M, lower than 95% of all stocks globally
- FinancialsAltman Z-Score 0.73: distress zone
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
3.85%Below 5Y avg (3.94%)
Annual Rate
CNY 0.35Paid annual
Payout Ratio
49.7%Sustainable
Payback Period
25.7 yr
Last Ex-Dividend
Jul 13, 2026
The reported statements, read against the company's own industry.
What stands out
- Earnings significantly exceed cash generation
Financials view
Market Capitalization
12.36BCNY1.84B · vs all stocks (USD)
Trailing P/E
12.84xRevenue (TTM)
5.96BCNY886.81M · vs all stocks (USD)
Profit Margin
15.25%Beta
0.1840xvs all stocks
52-Week Change
-20.68%vs all stocks
Market Capitalization
12.36BCNY1.84B · vs all stocks (USD)
Enterprise Value
29.17BCNY4.34B · vs all stocks (USD)
Trailing P/E
12.84xForward P/E
11.53xPrice to Sales (TTM)
2.05xPrice to Book (MRQ)
0.7662xEnterprise to Revenue
4.89xEnterprise to EBITDA
18.97xGross Margin
28.01%Profit Margin
15.25%Operating Margin
10.87%Return on Assets (TTM)
0.90%Return on Equity (TTM)
6.15%Revenue (TTM)
5.96BCNY886.81M · vs all stocks (USD)
Revenue per Share (TTM)
4.46CNYUpdated Aug 20, 2026Quarterly Revenue Growth
-0.50%Gross Profit (TTM)
1.67BCNY248.50M · vs all stocks (USD)
EBITDA (TTM)
1.70BCNY252.27M · vs all stocks (USD)
Net Income (TTM)
909.41MCNY135.24M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-63.60%Operating Cash Flow (TTM)
434.56MCNY64.62M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-3.67BCNY-546.22M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.3500CNYUpdated Aug 20, 2026Trailing Annual Dividend Yield
3.85%vs all stocks
5-Year Average Dividend Yield
3.94%vs all stocks
Payout Ratio
49.65%Minority Interest (Equity)
480.86MCNYFY2025 · Dec 31, 2025Revenue
5.97BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
4.24BCNYFY2025 · Dec 31, 2025Gross Profit
1.73BCNYFY2025 · Dec 31, 2025Operating Income
778.94MCNY115.84M · vs all stocks (USD)
Pre-tax Income
1.32BCNYFY2025 · Dec 31, 2025Income Tax Expense
372.01MCNYFY2025 · Dec 31, 2025Net Income
946.07MCNYFY2025 · Dec 31, 2025EBIT
1.75BCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
2.66BCNYFY2025 · Dec 31, 2025Research & Development
28.08MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
95.52MCNYFY2025 · Dec 31, 2025Other Operating Expenses
222.02MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
4.04MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
427.59MCNYFY2025 · Dec 31, 2025EPS (Basic)
0.7300CNYFY2025 · Dec 31, 2025EPS (Diluted)
0.7300CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
1.28BSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
1.28BSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
946.07MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
-10.73MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
730.26MCNYFY2025 · Dec 31, 2025Free Cash Flow
-296.77MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
6.54BCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
946.07MCNYFY2025 · Dec 31, 2025Other Non-cash Items
444.14MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
7.02MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-666.96MCNYFY2025 · Dec 31, 2025Capital Expenditures
-1.03BCNYFY2025 · Dec 31, 2025Net Acquisitions
1.72BCNYFY2025 · Dec 31, 2025Purchase of Investments
-2.56BCNYFY2025 · Dec 31, 2025Sale of Investments
2.02BCNYFY2025 · Dec 31, 2025Other Investing Activity
-5.16MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
154.56MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
16.05BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-16.65BCNYFY2025 · Dec 31, 2025Common Dividends Paid
-1.02BCNYFY2025 · Dec 31, 2025Other Financing Charges
2.47BCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
838.84MCNYFY2025 · Dec 31, 2025Shares Outstanding
1.36BSharesUpdated Aug 20, 2026Float Shares
578.93MSharesUpdated Aug 20, 2026% Held by Insiders
70.84%vs all stocks
% Held by Institutions
9.36%vs all stocks
Total Cash (MRQ)
7.76BCNY1.15B · vs all stocks (USD)
Total Cash per Share (MRQ)
5.71CNYUpdated Aug 20, 2026Total Debt (MRQ)
24.23BCNY3.60B · vs all stocks (USD)
Total Debt to Equity (MRQ)
1.47xCurrent Ratio (MRQ)
1.26xBook Value per Share (MRQ)
11.73CNYUpdated Aug 20, 2026Total Assets
47.67BCNY7.09B · vs all stocks (USD)
Total Current Assets
21.48BCNYFY2025 · Dec 31, 2025Total Liabilities
31.25BCNYFY2025 · Dec 31, 2025Total Non-current Assets
26.19BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
10.69BCNYFY2025 · Dec 31, 2025Total Current Liabilities
20.56BCNYFY2025 · Dec 31, 2025Cash
7.00BCNYFY2025 · Dec 31, 2025Cash Equivalents
573.10KCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
7.00BCNYFY2025 · Dec 31, 2025Other Short-term Investments
287.25MCNYFY2025 · Dec 31, 2025Accounts Receivable
806.54MCNYFY2025 · Dec 31, 2025Inventory
12.43BCNYFY2025 · Dec 31, 2025Accounts Payable
2.88BCNYFY2025 · Dec 31, 2025Short-term Debt
10.41BCNYFY2025 · Dec 31, 2025Other Current Liabilities
2.25BCNYFY2025 · Dec 31, 2025Long-term Debt
9.99BCNYFY2025 · Dec 31, 2025Other Non-current Liabilities
683.20KCNYFY2025 · Dec 31, 2025Common Stock (Book)
1.36BCNYFY2025 · Dec 31, 2025Retained Earnings
7.47BCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
16.42BCNY2.44B · vs all stocks (USD)
52-Week Low
7.92CNYUpdated Aug 20, 202652-Week High
11.78CNYUpdated Aug 20, 202652-Week Change
-20.68%vs all stocks
Beta
0.1840xvs all stocks
50-Day MA
8.62CNYUpdated Aug 20, 2026200-Day MA
9.93CNYUpdated Aug 20, 2026Avg 10-Day Volume
2.29MSharesUpdated Aug 20, 2026Avg 30-Day Volume
2.67MSharesUpdated Aug 20, 2026Diluted EPS (TTM)
0.7000CNYUpdated Aug 20, 2026Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Earnings significantly exceed cash generationSignificant
Net Income (USD, TTM): 135,237,740.087Operating Cash Flow (USD, TTM): 64,623,850.644
Financial Health
Altman Z-Score 0.73: distress zoneCritical
Altman Z-Score: 0.73
Supply Chain
Upstream position: supplies 6 industries, depends on 0Notable
Outgoing: 6.00Incoming: 0.00
Scale
Levered free cash flow is -$546.22M, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -546,220,690.737Global P5: -219,013,500
Market cap is $1.84B, above the global median of $1.15BNotable
Market cap (USD): 1,838,293,842.491Global Median: 1,146,734,693.424
Revenue is $886.81M, above the global median of $520.53MNotable
Revenue (USD): 886,805,288.648Global Median: 520,528,949.311
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