CompanyGraph
Shanghai Ace Investment & Development Co., Ltd.
603329 · SSE · China
aceonline.cnFinancials as of FY2025
What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
- Most companies in its industry are flow businesses; this one is a production business
At a glance
- Depends onMidstream position: 6 outgoing, 6 incoming connections
- FinancialsAltman Z-Score 2.22: grey zone
- Interpretations1 currently firing — 1
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are flow businesses; this one is a production business
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
0.45%Below 5Y avg (1.19%)
Annual Rate
CNY 0.05Paid annual
Payout Ratio
7.6%Sustainable
Last Ex-Dividend
Jul 1, 2026
The reported statements, read against the company's own industry.
What stands out
- Revenue is growing, but receivables have grown faster over the last six to eight years
Financials view
Market Capitalization
2.65BCNY393.79M · vs all stocks (USD)
Trailing P/E
34.97xvs Marine Shipping peers
Revenue (TTM)
3.14BCNY467.54M · vs all stocks (USD)
Profit Margin
2.18%vs Marine Shipping peers
Beta
0.2280xvs all stocks
52-Week Change
-14.98%vs all stocks
Market Capitalization
2.65BCNY393.79M · vs all stocks (USD)
Enterprise Value
3.10BCNY461.04M · vs all stocks (USD)
Trailing P/E
34.97xvs Marine Shipping peers
PEG Ratio
0.1454xvs Marine Shipping peers
Price to Sales (TTM)
0.8343xvs Marine Shipping peers
Price to Book (MRQ)
1.78xvs Marine Shipping peers
Enterprise to Revenue
0.9860xvs Marine Shipping peers
Enterprise to EBITDA
17.43xvs Marine Shipping peers
Gross Margin
11.26%vs Marine Shipping peers
Profit Margin
2.18%vs Marine Shipping peers
Operating Margin
7.47%vs Marine Shipping peers
Return on Assets (TTM)
2.46%vs Marine Shipping peers
Return on Equity (TTM)
4.81%vs Marine Shipping peers
Revenue (TTM)
3.14BCNY467.54M · vs all stocks (USD)
Revenue per Share (TTM)
14.87CNYUpdated Aug 21, 2026Quarterly Revenue Growth
38.50%vs Marine Shipping peers
Gross Profit (TTM)
267.76MCNY39.82M · vs all stocks (USD)
EBITDA (TTM)
195.72MCNY29.11M · vs all stocks (USD)
Net Income (TTM)
68.51MCNY10.19M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
312.40%vs Marine Shipping peers
Operating Cash Flow (TTM)
314.87MCNY46.82M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-322.02MCNY-47.89M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.0460CNYUpdated Aug 21, 2026Trailing Annual Dividend Yield
0.45%vs all stocks
5-Year Average Dividend Yield
1.19%vs all stocks
Payout Ratio
7.65%vs Marine Shipping peers
Minority Interest (Equity)
71.48MCNYFY2025 · Dec 31, 2025Revenue
2.91BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
2.65BCNYFY2025 · Dec 31, 2025Gross Profit
258.39MCNYFY2025 · Dec 31, 2025Operating Income
117.65MCNY17.50M · vs all stocks (USD)
Pre-tax Income
62.35MCNYFY2025 · Dec 31, 2025Income Tax Expense
26.06MCNYFY2025 · Dec 31, 2025Net Income
36.29MCNYFY2025 · Dec 31, 2025EBIT
113.34MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
195.72MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
26.41MCNYFY2025 · Dec 31, 2025Other Operating Expenses
13.24MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
3.45MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
50.99MCNYFY2025 · Dec 31, 2025EPS (Basic)
0.1800CNYFY2025 · Dec 31, 2025EPS (Diluted)
0.1800CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
211.44MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
211.44MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
36.29MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
1.77MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
-168.42MCNYFY2025 · Dec 31, 2025Free Cash Flow
-342.27MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
622.73MCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
36.29MCNYFY2025 · Dec 31, 2025Other Non-cash Items
51.03MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-103.62MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-152.13MCNYFY2025 · Dec 31, 2025Capital Expenditures
-173.85MCNYFY2025 · Dec 31, 2025Sale of Investments
6.08MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-167.77MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
1.45BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-1.39BCNYFY2025 · Dec 31, 2025Common Dividends Paid
-53.12MCNYFY2025 · Dec 31, 2025Other Financing Charges
317.61MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
329.93MCNYFY2025 · Dec 31, 2025Shares Outstanding
250.05MSharesUpdated Aug 21, 2026Float Shares
104.93MSharesUpdated Aug 21, 2026% Held by Insiders
65.98%vs all stocks
% Held by Institutions
0.64%vs all stocks
Total Cash (MRQ)
488.04MCNY72.58M · vs all stocks (USD)
Total Cash per Share (MRQ)
1.95CNYUpdated Aug 21, 2026Total Debt (MRQ)
893.26MCNY132.84M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.5777xvs Marine Shipping peers
Current Ratio (MRQ)
1.43xvs Marine Shipping peers
Book Value per Share (MRQ)
5.89CNYUpdated Aug 21, 2026Total Assets
3.28BCNY487.84M · vs all stocks (USD)
Total Current Assets
1.74BCNYFY2025 · Dec 31, 2025Total Liabilities
1.78BCNYFY2025 · Dec 31, 2025Total Non-current Assets
1.54BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
521.73MCNYFY2025 · Dec 31, 2025Total Current Liabilities
1.26BCNYFY2025 · Dec 31, 2025Cash
622.73MCNYFY2025 · Dec 31, 2025Cash Equivalents
10.98MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
633.71MCNYFY2025 · Dec 31, 2025Accounts Receivable
446.23MCNYFY2025 · Dec 31, 2025Inventory
352.47MCNYFY2025 · Dec 31, 2025Accounts Payable
170.28MCNYFY2025 · Dec 31, 2025Short-term Debt
513.38MCNYFY2025 · Dec 31, 2025Other Current Liabilities
14.81MCNYFY2025 · Dec 31, 2025Long-term Debt
403.58MCNYFY2025 · Dec 31, 2025Common Stock (Book)
250.05MCNYFY2025 · Dec 31, 2025Retained Earnings
351.58MCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
1.50BCNY223.24M · vs all stocks (USD)
52-Week Low
8.71CNYUpdated Aug 21, 202652-Week High
12.68CNYUpdated Aug 21, 202652-Week Change
-14.98%vs all stocks
Beta
0.2280xvs all stocks
50-Day MA
9.69CNYUpdated Aug 21, 2026200-Day MA
10.81CNYUpdated Aug 21, 2026Avg 10-Day Volume
3.00MSharesUpdated Aug 21, 2026Avg 30-Day Volume
4.71MSharesUpdated Aug 21, 2026Diluted EPS (TTM)
0.3000CNYUpdated Aug 21, 20261 interpretation currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Working Capital Pattern
What customers owe has grown three years running, while it clears stock quickly and pays suppliers quickly.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Revenue is growing, but receivables have grown faster over the last six to eight yearsSignificant
Revenue Growth YoY: 0.39Receivables vs revenue divergence: 2.99
Most companies in its industry are flow businesses; this one is a production businessSignificant
Industry peers: 106Share on the common pattern %: 92.00
Financial Health
Altman Z-Score 2.22: grey zoneSignificant
Altman Z-Score: 2.22
Supply Chain
Midstream position: 6 outgoing, 6 incoming connectionsNotable
Outgoing: 6.00Incoming: 6.00
High connectivity hub: 12 industry connectionsNotable
Total Connections: 12.00
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