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Shanghai Mechanical & Electrical Industry

XSSC:600835
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
600835
XSSC
CN¥13B
Market Cap
  1. Home
  2. CN
  3. Capital Goods
Company description

Shanghai Mechanical & Electrical Industry Co., Ltd. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
600835 Share Price and Events
7 Day Returns
0.4%
XSSC:600835
5%
CN Machinery
4.3%
CN Market
1 Year Returns
-24.8%
XSSC:600835
-13.8%
CN Machinery
-7%
CN Market
600835 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shanghai Mechanical & Electrical Industry (600835) 0.4% -7.3% -16.9% -24.8% -36.9% -56.4%
CN Machinery 5% -4.7% -6.1% -13.8% -31.6% -47.2%
CN Market 4.3% -4.8% -5.1% -7% -13.6% -24.6%
1 Year Return vs Industry and Market
  • 600835 underperformed the Machinery industry which returned -13.8% over the past year.
  • 600835 underperformed the Market in China which returned -7% over the past year.
Price Volatility
600835
Industry
5yr Volatility vs Market

600835 Value

 Is Shanghai Mechanical & Electrical Industry undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Shanghai Mechanical & Electrical Industry to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Shanghai Mechanical & Electrical Industry.

XSSC:600835 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in CNY CN¥ 0.45874666666667
Payout Ratio Company Filings (2019-12-31) 3577.4%
Discount Rate (Cost of Equity) See below 11.5%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XSSC:600835
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.998 (1 + (1- 25%) (0.77%))
1.313
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.313 * 6.33%)
11.51%

Discounted Cash Flow Calculation for XSSC:600835 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Shanghai Mechanical & Electrical Industry is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

XSSC:600835 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.46 / (11.51% - 3.2%)
CN¥5.53
XSSC:600835 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XSSC:600835 represents 1.00071x of SHSE:600835
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00071x
Value per Share
(Listing Adjusted, CNY)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 5.52 x 1.00071
CN¥5.52
Value per share (CNY) From above. CN¥5.52
Current discount Discount to share price of CN¥14.03
= -1 x (CN¥14.03 - CN¥5.52) / CN¥5.52
-154%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Shanghai Mechanical & Electrical Industry is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Shanghai Mechanical & Electrical Industry's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shanghai Mechanical & Electrical Industry's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSSC:600835 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥1.06
SHSE:600835 Share Price ** SHSE (2020-04-08) in CNY CN¥14.02
China Machinery Industry PE Ratio Median Figure of 275 Publicly-Listed Machinery Companies 36.65x
China Market PE Ratio Median Figure of 3,204 Publicly-Listed Companies 33.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Shanghai Mechanical & Electrical Industry.

XSSC:600835 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600835 Share Price ÷ EPS (both in CNY)

= 14.02 ÷ 1.06

13.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shanghai Mechanical & Electrical Industry is good value based on earnings compared to the CN Machinery industry average.
  • Shanghai Mechanical & Electrical Industry is good value based on earnings compared to the China market.
Price based on expected Growth
Does Shanghai Mechanical & Electrical Industry's expected growth come at a high price?
Raw Data
XSSC:600835 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
6.3%per year
China Machinery Industry PEG Ratio Median Figure of 84 Publicly-Listed Machinery Companies 1.21x
China Market PEG Ratio Median Figure of 1,266 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

XSSC:600835 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.23x ÷ 6.3%

2.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shanghai Mechanical & Electrical Industry is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Shanghai Mechanical & Electrical Industry's assets?
Raw Data
XSSC:600835 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥11.40
SHSE:600835 Share Price * SHSE (2020-04-08) in CNY CN¥14.02
China Machinery Industry PB Ratio Median Figure of 321 Publicly-Listed Machinery Companies 2.38x
China Market PB Ratio Median Figure of 3,693 Publicly-Listed Companies 2.35x
XSSC:600835 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600835 Share Price ÷ Book Value per Share (both in CNY)

= 14.02 ÷ 11.40

1.23x

* Primary Listing of Shanghai Mechanical & Electrical Industry.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Shanghai Mechanical & Electrical Industry is good value based on assets compared to the CN Machinery industry average.
X
Value checks
We assess Shanghai Mechanical & Electrical Industry's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Shanghai Mechanical & Electrical Industry has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

600835 Future Performance

 How is Shanghai Mechanical & Electrical Industry expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shanghai Mechanical & Electrical Industry expected to grow at an attractive rate?
  • Shanghai Mechanical & Electrical Industry's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Shanghai Mechanical & Electrical Industry's earnings growth is positive but not above the China market average.
  • Shanghai Mechanical & Electrical Industry's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
XSSC:600835 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSSC:600835 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 6.3%
XSSC:600835 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.2%
China Machinery Industry Earnings Growth Rate Market Cap Weighted Average 19.1%
China Machinery Industry Revenue Growth Rate Market Cap Weighted Average 15.4%
China Market Earnings Growth Rate Market Cap Weighted Average 20.7%
China Market Revenue Growth Rate Market Cap Weighted Average 15.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XSSC:600835 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSSC:600835 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 25,034 359 1,235 2
2021-12-31 25,889 297 1,347 3
2020-12-31 23,052 279 1,109 2
2020-04-09
XSSC:600835 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 22,116 173 1,080
2019-09-30 21,939 584 1,097
2019-06-30 21,662 -316 1,226
2019-03-31 21,519 -179 1,264
2018-12-31 21,234 188 1,268
2018-09-30 20,687 304 1,378
2018-06-30 20,166 1,133 1,413
2018-03-31 19,658 1,025 1,390
2017-12-31 19,471 1,930 1,390
2017-09-30 19,414 1,476 1,351
2017-06-30 19,280 1,120 1,338
2017-03-31 18,958 1,403 1,469

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shanghai Mechanical & Electrical Industry's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
  • Shanghai Mechanical & Electrical Industry's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XSSC:600835 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Shanghai Mechanical & Electrical Industry Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:600835 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.21 1.22 1.19 2.00
2021-12-31 1.32 1.64 1.13 3.00
2020-12-31 1.08 1.09 1.08 2.00
2020-04-09
XSSC:600835 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 1.06
2019-09-30 1.07
2019-06-30 1.20
2019-03-31 1.24
2018-12-31 1.24
2018-09-30 1.35
2018-06-30 1.38
2018-03-31 1.36
2017-12-31 1.36
2017-09-30 1.32
2017-06-30 1.31
2017-03-31 1.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Shanghai Mechanical & Electrical Industry is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Shanghai Mechanical & Electrical Industry's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the China market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Shanghai Mechanical & Electrical Industry has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

600835 Past Performance

  How has Shanghai Mechanical & Electrical Industry performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Shanghai Mechanical & Electrical Industry's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Shanghai Mechanical & Electrical Industry's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Shanghai Mechanical & Electrical Industry's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Shanghai Mechanical & Electrical Industry's 1-year earnings growth is negative, it can't be compared to the CN Machinery industry average.
Earnings and Revenue History
Shanghai Mechanical & Electrical Industry's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Shanghai Mechanical & Electrical Industry Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSSC:600835 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 22,116.25 1,079.53 1,431.75 730.62
2019-09-30 21,938.81 1,097.28 1,634.95 610.39
2019-06-30 21,661.89 1,225.54 1,516.27 676.44
2019-03-31 21,519.02 1,263.87 1,456.94 708.00
2018-12-31 21,233.74 1,268.49 1,462.20 697.04
2018-09-30 20,687.44 1,377.73 1,381.65 789.67
2018-06-30 20,166.36 1,413.21 1,082.36 1,016.11
2018-03-31 19,658.26 1,390.14 1,275.64 751.87
2017-12-31 19,471.15 1,390.33 1,414.10 655.86
2017-09-30 19,413.63 1,351.29 1,725.80 418.45
2017-06-30 19,280.46 1,337.54 2,105.26
2017-03-31 18,957.74 1,468.73 2,192.51
2016-12-31 18,938.55 1,449.09 2,166.78
2016-09-30 18,760.69 1,358.40 2,271.72
2016-06-30 18,737.35 2,025.17 2,404.20
2016-03-31 18,919.60 1,911.73 2,528.78
2015-12-31 19,295.53 1,834.57 2,685.32
2015-09-30 19,957.04 1,735.33 2,641.47
2015-06-30 20,472.11 948.19 2,832.18
2015-03-31 20,796.99 828.65 2,808.41
2014-12-31 20,778.93 857.88 2,849.57
2014-09-30 20,863.49 1,063.13 2,989.95
2014-06-30 20,661.85 1,121.01 2,951.85
2014-03-31 20,156.45 1,027.26 2,871.32
2013-12-31 19,907.08 943.83 2,791.57
2013-09-30 18,907.89 735.58 2,376.43
2013-06-30 18,572.83 620.51 2,336.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Shanghai Mechanical & Electrical Industry has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shanghai Mechanical & Electrical Industry used its assets less efficiently than the CN Machinery industry average last year based on Return on Assets.
  • Shanghai Mechanical & Electrical Industry's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shanghai Mechanical & Electrical Industry's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Shanghai Mechanical & Electrical Industry has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

600835 Health

 How is Shanghai Mechanical & Electrical Industry's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Shanghai Mechanical & Electrical Industry's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shanghai Mechanical & Electrical Industry is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shanghai Mechanical & Electrical Industry's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shanghai Mechanical & Electrical Industry's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 633.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Shanghai Mechanical & Electrical Industry Company Filings, last reported 3 months ago.

XSSC:600835 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 13,670.25 68.96 12,417.75
2019-09-30 13,429.09 39.00 12,354.38
2019-06-30 12,996.20 39.00 12,135.80
2019-03-31 13,486.74 39.00 11,698.91
2018-12-31 13,129.63 39.00 13,209.28
2018-09-30 12,904.52 39.00 12,839.78
2018-06-30 12,221.43 39.00 13,434.47
2018-03-31 12,912.56 39.00 13,152.22
2017-12-31 12,430.60 34.50 14,413.92
2017-09-30 12,029.75 34.50 13,901.22
2017-06-30 11,334.54 29.50 13,897.08
2017-03-31 11,991.42 29.50 13,692.72
2016-12-31 11,590.46 29.50 13,939.12
2016-09-30 11,154.33 39.00 13,674.88
2016-06-30 10,473.87 39.00 13,661.65
2016-03-31 10,836.24 43.50 12,800.05
2015-12-31 10,486.49 49.92 12,782.49
2015-09-30 10,150.00 51.95 12,803.40
2015-06-30 8,793.69 1,505.22 12,626.69
2015-03-31 8,920.78 1,602.18 11,910.40
2014-12-31 8,611.90 1,588.05 12,118.01
2014-09-30 8,393.10 1,633.25 11,898.74
2014-06-30 7,812.35 1,623.70 12,121.80
2014-03-31 8,385.91 1,632.38 11,180.49
2013-12-31 8,066.83 1,609.43 11,186.21
2013-09-30 7,641.81 1,763.35 11,128.63
2013-06-30 6,963.64 1,760.38 11,255.87
  • Shanghai Mechanical & Electrical Industry's level of debt (0.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (18.4% vs 0.3% today).
  • Debt is well covered by operating cash flow (381.8%, greater than 20% of total debt).
  • Shanghai Mechanical & Electrical Industry earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Shanghai Mechanical & Electrical Industry's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Shanghai Mechanical & Electrical Industry has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

600835 Dividends

 What is Shanghai Mechanical & Electrical Industry's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.14%
Current annual income from Shanghai Mechanical & Electrical Industry dividends. Estimated to be 3.27% next year.
If you bought CN¥2,000 of Shanghai Mechanical & Electrical Industry shares you are expected to receive CN¥63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Shanghai Mechanical & Electrical Industry's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.44%).
  • Shanghai Mechanical & Electrical Industry's dividend is above the markets top 25% of dividend payers in China (1.96%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XSSC:600835 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
China Machinery Industry Average Dividend Yield Market Cap Weighted Average of 212 Stocks 1.4%
China Market Average Dividend Yield Market Cap Weighted Average of 2584 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.4%
China Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XSSC:600835 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.50 2.00
2020-12-31 0.38 1.00
2020-04-09
XSSC:600835 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-29 0.440 2.723
2018-06-11 0.480 2.915
2017-05-31 0.430 2.005
2016-06-14 0.260 1.260
2015-05-26 0.340 1.326
2014-07-17 0.280 1.352
2013-06-26 0.205 1.320
2013-03-28 0.210 2.737
2012-10-29 0.300 3.789
2012-06-26 0.296 3.564
2012-03-22 0.300 3.298
2011-05-26 0.200 1.903
2010-04-12 0.100 0.859
2009-04-13 0.100 0.753

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Shanghai Mechanical & Electrical Industry's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Shanghai Mechanical & Electrical Industry's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Shanghai Mechanical & Electrical Industry afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shanghai Mechanical & Electrical Industry has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

600835 Management

 What is the CEO of Shanghai Mechanical & Electrical Industry's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jia Ming Chen
COMPENSATION CN¥635,000
AGE 57
CEO Bio

Mr. Jia Ming Chen serves as Chairman of the Board of Directors and General Manager at Shanghai Mechanical & Electrical Industry Co., Ltd. Mr. Chen has a Master’s Degree.

CEO Compensation
  • Jia Ming's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jia Ming's remuneration is lower than average for companies of similar size in China.
Management Team

Jia Ming Chen

TITLE
Chairman of the Board of Directors and General Manager
COMPENSATION
CN¥635K
AGE
57

He Wei

TITLE
Deputy General Manager
COMPENSATION
CN¥572K
AGE
53

Hai Ying Fu

TITLE
Executive Deputy General Manager and Director
COMPENSATION
CN¥627K
AGE
56

Yingxia Zheng

TITLE
Secretary to Directorate
TENURE
0.7 yrs
Board of Directors

Wan Zhongpei

TITLE
Vice Chairman of the Board
TENURE
0.8 yrs

Jia Ming Chen

TITLE
Chairman of the Board of Directors and General Manager
COMPENSATION
CN¥635K
AGE
57

Hai Ying Fu

TITLE
Executive Deputy General Manager and Director
COMPENSATION
CN¥627K
AGE
56

Kang Hu

TITLE
Chairman of the Supervisory Board
AGE
56

Jian Ping Yuan

TITLE
Director
AGE
59

Zhang Yan

TITLE
Director
AGE
44

Zhao Fang Zheng

TITLE
Independent Director
COMPENSATION
CN¥100K
AGE
68

Chun Zhang

TITLE
Independent Director
COMPENSATION
CN¥100K
AGE
56

Ying Yu

TITLE
Independent Director
COMPENSATION
CN¥100K
AGE
48

Xing Ma

TITLE
Director
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess Shanghai Mechanical & Electrical Industry's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Shanghai Mechanical & Electrical Industry has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

600835 News

Simply Wall St News

600835 Company Info

Description

Shanghai Mechanical & Electrical Industry Co., Ltd. manufactures and sells mechanical and electrical equipment in the People's Republic of China. It offers elevators; and printing and packaging machinery, including printing equipment, special equipment, after-printing equipment, packing mechanical equipment, etc., as well as paper cutters and binding machinery. The company also provides refrigeration and air conditioning equipment, such as refrigerating compressors, air conditioning units, moist removers, cooling water machine sets, fan cooling cold and hot water sets, hot returned cold and hot water sets, assembled freezers, military non-standard products, special low-temperature equipment, etc. In addition, it offers welding equipment for use in the fields of machinery, manufacture, petrochemical, bridge, aeronautics and astronautics, architecture, national defense, nuclear industry, etc. Further, the company provides engineering drillers for piling engineering in expressway, railway, metro, bridge, water reservoir, port, industrial facilities, and public construction projects, as well as urban architecture, geological survey, underground water source development, etc. Additionally, it offers wood-base panels and wood-base panel machines. The company also exports its products to 40 countries, including Southeast Asia, South America, Russia, etc. Shanghai Mechanical & Electrical Industry Co., Ltd. is based in Shanghai, the People's Republic of China.

Details
Name: Shanghai Mechanical & Electrical Industry Co., Ltd.
600835
Exchange: XSSC
Founded:
CN¥13,015,883,989
1,022,739,308
Website: http://www.chinasec.cn
Address: Shanghai Mechanical & Electrical Industry Co., Ltd.
Huishang Mansion,
9th Floor,
Shanghai,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600835 Domestic Shares Shanghai Stock Exchange CN CNY 27. Jun 1994
XSSC 600835 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 27. Jun 1994
SHSE 900925 Foreign Shares-Domestically Listed Shanghai Stock Exchange CN USD 11. Feb 1994
Number of employees
Current staff
Staff numbers
0
Shanghai Mechanical & Electrical Industry employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 19:13
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/04/02
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.