Zheshang Securities Co., Ltd.
SSE:601878.SS
11.18 (CNY) • At close July 18, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) CNY.
| 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 | 2016 Q3 | 2016 Q2 | 2016 Q1 | 2015 Q4 | 2015 Q3 | 2015 Q2 | 2015 Q1 | 2014 Q4 | 2014 Q3 | 2014 Q2 | 2014 Q1 | 2013 Q4 | 2013 Q3 | 2013 Q2 | 2013 Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue
| 2,950.052 | 3,914.892 | 3,893.776 | 4,127.312 | 1,229.297 | 5,434.473 | 4,166.418 | 3,510.352 | 4,926.642 | 5,228.517 | 4,118.276 | 4,326.195 | 3,130.506 | 4,335.111 | 4,947.284 | 3,868.083 | 3,253.049 | 3,542.763 | 2,574.909 | 2,599.955 | 1,884.875 | 1,551.766 | 1,431.673 | 1,426.055 | 1,245.872 | 1,082.893 | 847.435 | 954.567 | 811.59 | 1,328.405 | 1,223.32 | 1,046.143 | 1,009.155 | 1,217.63 | 1,262.289 | 1,183.749 | 955.509 | 1,438.329 | 1,438.329 | 2,351.307 | 926.09 | 904.431 | 904.431 | 1,553.874 | -145.07 | 665.758 | 450.508 | 404.764 | 399.851 |
| Cost of Revenue
| 0 | 0 | 344.052 | 474.022 | 417.802 | 534.827 | 415.471 | 522.05 | 488.288 | 460.901 | 516.691 | 437.32 | 503.107 | 492.534 | 500.465 | 431.105 | 421.001 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit
| 2,950.052 | 3,914.892 | 3,549.724 | 3,653.289 | 811.494 | 4,899.646 | 3,750.947 | 2,988.302 | 4,438.354 | 4,767.615 | 3,601.585 | 3,888.875 | 2,627.399 | 3,842.577 | 4,446.818 | 3,436.978 | 2,832.048 | 3,542.763 | 2,574.909 | 2,599.955 | 1,884.875 | 1,551.766 | 1,431.673 | 1,426.055 | 1,245.872 | 1,082.893 | 847.435 | 954.567 | 811.59 | 1,328.405 | 1,223.32 | 1,046.143 | 1,009.155 | 1,217.63 | 1,262.289 | 1,183.749 | 955.509 | 1,438.329 | 1,438.329 | 2,351.307 | 926.09 | 904.431 | 904.431 | 1,553.874 | -145.07 | 665.758 | 450.508 | 404.764 | 399.851 |
| Gross Profit Ratio
| 1 | 1 | 0.912 | 0.885 | 0.66 | 0.902 | 0.9 | 0.851 | 0.901 | 0.912 | 0.875 | 0.899 | 0.839 | 0.886 | 0.899 | 0.889 | 0.871 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reseach & Development Expenses
| 0 | 0 | 0 | 0 | 0 | 56.604 | 0 | 0 | 0 | 27.145 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & Administrative Expenses
| 934.03 | 1,498.124 | 2,017.651 | -2.953 | 866.686 | 1.507 | 4.412 | 843.512 | 937.702 | 1.868 | -0.501 | 833.172 | 580.91 | -0.136 | 1,134.512 | 946.733 | 874.787 | 18.462 | 59.788 | 3.252 | 754.344 | 80.821 | 569.558 | 38.341 | 495.957 | 149.627 | 426.162 | 45.263 | 373.18 | 71.886 | 442.059 | 439.838 | 449.163 | 72.319 | 460.112 | 512.299 | 571.081 | 4.243 | 4.243 | 820.635 | 457.06 | 0 | 0 | 871.697 | -296.07 | 269.7 | 288.112 | 262.472 | 252.093 |
| Selling & Marketing Expenses
| 0 | 0 | -20.169 | 20.169 | 0 | 47.244 | 31.302 | 31.302 | 0 | 36.553 | 17.774 | 17.774 | 0 | 48.788 | -19.573 | 19.573 | 0 | 30.244 | 12.835 | 12.835 | 0 | 29.774 | 0 | 9.501 | 0 | 24.403 | 0 | 6.499 | 0 | 24.475 | 0 | 0 | 0 | 25.399 | 0 | 0 | 0 | 10.519 | 10.519 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A
| 934.03 | 1,498.124 | 1,997.482 | 17.216 | 866.686 | 48.75 | 35.713 | 874.814 | 937.702 | 38.422 | 17.273 | 850.946 | 580.91 | 48.652 | 1,114.938 | 966.307 | 874.787 | 48.706 | 72.623 | 16.087 | 754.344 | 110.595 | 569.558 | 47.841 | 495.957 | 174.03 | 426.162 | 51.762 | 373.18 | 96.361 | 442.059 | 439.838 | 449.163 | 97.718 | 460.112 | 512.299 | 571.081 | 14.761 | 14.761 | 820.635 | 457.06 | 16.141 | 16.141 | 871.697 | -296.07 | 269.7 | 288.112 | 262.472 | 252.093 |
| Other Expenses
| 1,331.72 | 1,519.32 | 1,337.61 | -3,726.924 | -2,690.852 | -4,388.895 | -1.682 | -0.056 | 3,274.035 | 4,056.434 | 2,663.929 | 2,903.213 | 2,093.155 | -6.048 | 2.797 | 28.661 | -0.232 | -3.188 | -0.293 | 4.402 | -7.82 | -5.605 | -1.917 | -0.903 | 2.048 | 5.327 | 0.132 | 1.944 | 2.791 | -15.051 | 2.646 | 11.897 | 5.108 | 3.331 | 2.767 | 1.579 | 10.165 | 0 | 0 | 638.585 | 0 | 0 | 0 | 615.436 | 0 | 1.847 | 2.573 | -1.278 | 0.25 |
| Operating Expenses
| 2,265.75 | 3,017.444 | 3,335.092 | -3,726.924 | 2,690.852 | 4,388.895 | 3,653.221 | 2,977.199 | 4,211.737 | 4,655.684 | 3,538.461 | 3,829.454 | 2,674.066 | 3,511.791 | 4,079.573 | 3,297.874 | 2,696.161 | 2,643.886 | 2,080.705 | 2,143.186 | 1,395.178 | 1,246.196 | 1,116.196 | 1,153.992 | 877.79 | 821.958 | 639.284 | 745.696 | 548.451 | 950.39 | 818.533 | 710.41 | 673.05 | 892.143 | 648.849 | 757.441 | 692.987 | 850.284 | 850.284 | 1,459.221 | 457.06 | 555.022 | 555.022 | 1,391.741 | -296.07 | 478.463 | 315.208 | 284.059 | 271.606 |
| Operating Income
| 684.302 | 897.448 | 558.685 | 400.388 | -1,879.358 | 510.751 | 504.497 | 518.581 | 1,025.094 | 892.585 | 1,000.966 | 881.503 | 854.751 | 1,225.427 | 1,376.17 | 981.895 | 924.459 | 1,130.462 | 826.939 | 737.526 | 713.103 | 655.277 | 652.636 | 623.126 | 642.543 | 568.974 | 486.705 | 273.736 | 267.279 | 333.506 | 368.45 | 352.007 | 351.345 | 305.04 | 628.669 | 424.617 | 276.08 | 600.402 | 600.402 | 676.989 | 305.05 | 347.16 | 347.16 | 113.13 | 110.83 | 176.796 | 136.553 | 117.602 | 127.222 |
| Operating Income Ratio
| 0.232 | 0.229 | 0.143 | 0.097 | -1.529 | 0.094 | 0.121 | 0.148 | 0.208 | 0.171 | 0.243 | 0.204 | 0.273 | 0.283 | 0.278 | 0.254 | 0.284 | 0.319 | 0.321 | 0.284 | 0.378 | 0.422 | 0.456 | 0.437 | 0.516 | 0.525 | 0.574 | 0.287 | 0.329 | 0.251 | 0.301 | 0.336 | 0.348 | 0.251 | 0.498 | 0.359 | 0.289 | 0.417 | 0.417 | 0.288 | 0.329 | 0.384 | 0.384 | 0.073 | -0.764 | 0.266 | 0.303 | 0.291 | 0.318 |
| Total Other Income Expenses Net
| 17.189 | -35.114 | 44.879 | -7.007 | 2,437.213 | -1.465 | -1.682 | 473.386 | -0.715 | -311.005 | 1.666 | -2.762 | 0.3 | -6.048 | 2.797 | 28.661 | -0.232 | -5.423 | -0.293 | 4.402 | -7.82 | -4.78 | -1.917 | -0.903 | 2.048 | 5.327 | 0.132 | 1.944 | 2.791 | 1.2 | 0.418 | 16.273 | 1.728 | 3.331 | 2.767 | -6.929 | 10.165 | -12.357 | -12.357 | 3.525 | 0 | 2.249 | 2.249 | -0.71 | 0.003 | 1.847 | 1.254 | -1.278 | 0.25 |
| Income Before Tax
| 701.491 | 862.333 | 603.563 | 400.321 | 559.26 | 503.952 | 518.024 | 530.968 | 654.556 | 581.58 | 562.345 | 530.79 | 422.857 | 800.776 | 943.587 | 609.675 | 562.343 | 788.45 | 501.375 | 449.171 | 427.113 | 339.491 | 311.397 | 272.16 | 365.755 | 243.778 | 206.269 | 273.736 | 267.279 | 333.506 | 368.45 | 352.007 | 351.345 | 305.147 | 628.669 | 424.984 | 276.08 | 588.045 | 588.045 | 674.496 | 674.496 | 349.409 | 349.409 | 161.423 | 151 | 176.796 | 136.553 | 117.602 | 127.222 |
| Income Before Tax Ratio
| 0.238 | 0.22 | 0.155 | 0.097 | 0.455 | 0.093 | 0.124 | 0.151 | 0.133 | 0.111 | 0.137 | 0.123 | 0.135 | 0.185 | 0.191 | 0.158 | 0.173 | 0.223 | 0.195 | 0.173 | 0.227 | 0.219 | 0.218 | 0.191 | 0.294 | 0.225 | 0.243 | 0.287 | 0.329 | 0.251 | 0.301 | 0.336 | 0.348 | 0.251 | 0.498 | 0.359 | 0.289 | 0.409 | 0.409 | 0.287 | 0.728 | 0.386 | 0.386 | 0.104 | -1.041 | 0.266 | 0.303 | 0.291 | 0.318 |
| Income Tax Expense
| 134.601 | 164.447 | 111.614 | 47.664 | 100.031 | 48.641 | 85.545 | 95.113 | 148.512 | 45.968 | 131.607 | 118.937 | 99.538 | 193.391 | 233.515 | 152.406 | 141.388 | 188.579 | 128.674 | 113.77 | 107.919 | 80.836 | 83.83 | 64.008 | 92.572 | 68.717 | 45.509 | 72.606 | 67.273 | 81.775 | 83.453 | 89.148 | 87.424 | 43.657 | 167.771 | 80.552 | 77.934 | 161.895 | 161.895 | -676.989 | -305.05 | 86.135 | 86.135 | 48.293 | 40.17 | 50.701 | 26.235 | 44.029 | 33.977 |
| Net Income
| 555.583 | 666.948 | 480.581 | 336.929 | 447.423 | 423.158 | 418.952 | 423.468 | 487.959 | 497.837 | 428.876 | 404.156 | 323.319 | 607.385 | 710.073 | 457.27 | 420.956 | 599.871 | 372.7 | 335.401 | 319.194 | 258.655 | 227.567 | 208.152 | 273.183 | 175.061 | 160.76 | 201.131 | 200.006 | 251.73 | 284.997 | 262.859 | 263.921 | 261.383 | 460.899 | 344.065 | 198.147 | 426.209 | 426.209 | 676.989 | 305.05 | 263.274 | 263.274 | 113.13 | 110.83 | 126.095 | 110.318 | 73.572 | 93.245 |
| Net Income Ratio
| 0.188 | 0.17 | 0.123 | 0.082 | 0.364 | 0.078 | 0.101 | 0.121 | 0.099 | 0.095 | 0.104 | 0.093 | 0.103 | 0.14 | 0.144 | 0.118 | 0.129 | 0.169 | 0.145 | 0.129 | 0.169 | 0.167 | 0.159 | 0.146 | 0.219 | 0.162 | 0.19 | 0.211 | 0.246 | 0.189 | 0.233 | 0.251 | 0.262 | 0.215 | 0.365 | 0.291 | 0.207 | 0.296 | 0.296 | 0.288 | 0.329 | 0.291 | 0.291 | 0.073 | -0.764 | 0.189 | 0.245 | 0.182 | 0.233 |
| EPS
| 0.12 | 0.17 | 0.13 | 0.092 | 0.12 | 0.11 | 0.11 | 0.11 | 0.13 | 0.13 | 0.11 | 0.1 | 0.083 | 0.15 | 0.2 | 0.13 | 0.12 | 0.16 | 0.1 | 0.11 | 0.1 | 0.08 | 0.07 | 0.061 | 0.08 | 0.054 | 0.05 | 0.06 | 0.06 | 0.071 | 0.08 | 0.09 | 0.09 | 0.091 | 0.16 | 0.12 | 0.07 | 0.14 | 0.14 | 0.24 | 0.1 | 0.094 | 0.094 | 0.04 | 0.037 | 0.045 | 0.039 | 0.026 | 0.031 |
| EPS Diluted
| 0.12 | 0.16 | 0.12 | 0.087 | 0.11 | 0.09 | 0.11 | 0.1 | 0.12 | 0.12 | 0.11 | 0.1 | 0.08 | 0.15 | 0.2 | 0.13 | 0.12 | 0.16 | 0.1 | 0.11 | 0.1 | 0.08 | 0.07 | 0.061 | 0.08 | 0.054 | 0.05 | 0.06 | 0.06 | 0.071 | 0.08 | 0.09 | 0.09 | 0.091 | 0.16 | 0.12 | 0.07 | 0.14 | 0.14 | 0.24 | 0.1 | 0.094 | 0.094 | 0.04 | 0.037 | 0.045 | 0.039 | 0.026 | 0.031 |
| EBITDA
| -676.404 | 951.808 | 586.711 | 0 | 14.551 | 597.072 | 601.202 | 518.581 | 699.074 | 662.919 | 639.561 | 585.753 | 487.364 | 875.641 | 1,009.554 | 635.749 | 610.394 | 0 | 51.699 | 0 | 0 | 31.749 | 0.303 | -4.414 | 7.557 | 26.332 | -4.231 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.297 | -12.297 | 0 | 0 | 2.249 | 2.249 | 0 | 0 | 0 | 136.553 | 0 | 0 |
| EBITDA Ratio
| -0.229 | 0.243 | 0.151 | 0 | 0.012 | 0.11 | 0.144 | 0.148 | 0.142 | 0.127 | 0.155 | 0.135 | 0.156 | 0.202 | 0.204 | 0.164 | 0.188 | 0 | 0.02 | 0 | 0 | 0.02 | 0 | -0.003 | 0.006 | 0.024 | -0.005 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.009 | -0.009 | 0 | 0 | 0.002 | 0.002 | 0 | 0 | 0 | 0.303 | 0 | 0 |