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Zheshang Securities Co., Ltd. (601878.SS)
CNY9.68
+0.17 (+1.79%)
CN SHH Financial Services Financial - Capital Markets
Address
No. 201, Wuxing Road 310020
Hangzhou, CN
Hangzhou, CN
CEO
Yufeng Huang
Website
stocke.com.cn
IPO
2017-06-27
ISIN CNE100002R65
Description
Zheshang Securities Co., Ltd. operates in China, furnishing a comprehensive array of investment and financing solutions. Its core services feature securities brokerage, which includes specialized investment advice, a diverse selection of wealth management products, and provisions for both margin trading and short selling. Additionally, the company is active in investment banking, asset management, and futures brokerage. Zheshang Securities also undertakes proprietary investment ventures and offers extensive research and advisory support. The firm was established in 2002, with its main office located in Hangzhou, China, and functions as a subsidiary of Zhejiang Shangsan Expressway Co., Ltd.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
CNY9.68
+0.17 (+1.79%)
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Volume Profile
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Liquidity & share structure
Average Volume
36M
Beta
0.57
Float Shares
2.32B
Free Float %
51.2%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.40% | -0.32% | -4.16% | -11.53% | -13.79% | -12.67% | -9.58% | -5.88% | -28.97% | -22.43% | -22.43% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
9.68
DCF (Unlevered)
2.57
-73.4%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
| Rating | 2024-11 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
0.31
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Financial - Capital Markets: +19.7%-39.2% Q1'26: -22.0% (vs Q1'25)
-
EPS growth Financial - Capital Markets: +35.3%+15.2% Q1'26: +41.7% (vs Q1'25)
-
FCF margin FCF growth · Financial - Capital Markets: +29.5%-41.7% Q1'26: +260.5% (vs Q1'25)
-
EBIT margin Financial - Capital Markets: +33.5%+46.7% ★ Q1'26: +39.4% (vs Q1'25)
-
ROIC Financial - Capital Markets: +4.0%+3.1% Q1'26: +2.5% (vs Q1'25)
-
Share dilution Financial - Capital Markets: +0.0%+8.4% Q1'26: -2.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×16.89× Q1'26: 23.03× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2018 actual |
Dec 2019 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
4.85B
est: 4.28B (+13.4%)
|
6.94B
est: 4.72B (+46.9%)
|
18.00B
est: 14.83B (+21.4%)
|
16.77B
est: 15.10B (+11.1%)
|
19.34B
est: 17.14B (+12.9%)
|
17.33B
est: 16.77B (+3.3%)
|
10.54B
est: 8.84B (+19.2%)
|
9.66B
9.66B – 9.66B
+9.3% YoY
|
10.29B
10.29B – 10.29B
+6.5% YoY
|
10.78B
10.78B – 10.78B
+4.7% YoY
|
| EBITDA |
1.09B
est: 687.36M (+57.9%)
|
1.39B
est: 758.84M (+82.6%)
|
3.17B
est: 2.38B (+33.2%)
|
2.39B
est: 2.42B (-1.2%)
|
2.52B
est: 3.87B (-34.7%)
|
2.78B
est: 3.78B (-26.4%)
|
5.45B
est: 1.99B (+173.5%)
|
2.18B
2.18B – 2.18B
+9.3% YoY
|
2.32B
2.32B – 2.32B
+6.5% YoY
|
2.43B
2.43B – 2.43B
+4.7% YoY
|
| EBIT |
991.06M
est: 619.44M (+60.0%)
|
1.29B
est: 683.86M (+88.5%)
|
2.92B
est: 2.15B (+35.9%)
|
2.10B
est: 2.19B (-4.0%)
|
2.20B
est: 3.46B (-36.3%)
|
2.42B
est: 3.38B (-28.3%)
|
4.92B
est: 1.78B (+176.2%)
|
1.95B
1.95B – 1.95B
+9.3% YoY
|
2.07B
2.07B – 2.07B
+6.5% YoY
|
2.17B
2.17B – 2.17B
+4.7% YoY
|
| Net Income |
736.96M
est: 1.51B (-51.3%)
|
967.56M
est: 1.68B (-42.4%)
|
2.20B
est: 2.56B (-14.3%)
|
1.65B
est: 1.84B (-10.0%)
|
1.75B
est: 1.91B (-8.2%)
|
1.93B
est: 2.03B (-4.6%)
|
2.41B
est: 2.41B (+0.0%)
|
3.32B
3.32B – 3.32B
+37.7% YoY
|
3.60B
3.60B – 3.60B
+8.2% YoY
|
3.82B
3.82B – 3.82B
+6.3% YoY
|
| SGA |
476.27M
est: 183.91M (+159.0%)
|
484.53M
est: 203.03M (+138.6%)
|
870.10M
est: 637.17M (+36.6%)
|
38.42M
est: 648.81M (-94.1%)
|
956.60M
est: 900.11M (+6.3%)
|
1.01B
est: 880.57M (+14.5%)
|
1.10B
est: 464.29M (+136.7%)
|
507.24M
507.24M – 507.24M
+9.3% YoY
|
540.28M
540.28M – 540.28M
+6.5% YoY
|
565.85M
565.85M – 565.85M
+4.7% YoY
|
| EPS |
0.22
est: 0.36 (-38.9%)
|
0.29
est: 0.40 (-27.5%)
|
0.58
est: 0.61 (-4.9%)
|
0.43
est: 0.41 (+3.9%)
|
0.46
est: 0.42 (+9.6%)
|
0.49
est: 0.45 (+10.1%)
|
0.53
est: 0.53 (+0.0%)
|
0.73
0.73 – 0.73
+37.7% YoY
|
0.79
0.79 – 0.79
+8.2% YoY
|
0.84
0.84 – 0.84
+6.3% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B | 3/5 | 5/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-28 | B | 3/5 | 5/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-27 | B | 3/5 | 5/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-26 | B | 3/5 | 5/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-25 | B | 3/5 | 5/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-22 | B | 3/5 | 5/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-21 | B | 3/5 | 5/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-20 | B | 3/5 | 5/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-19 | B | 3/5 | 5/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-18 | B | 3/5 | 5/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-15 | B | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-14 | B | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-13 | B | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-12 | B | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-11 | B | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-08 | B | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-07 | B | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-06 | B | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-30 | B | 3/5 | 5/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-29 | B+ | 3/5 | 5/5 | 3/5 | 4/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-28 | B | 3/5 | 5/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-27 | B | 3/5 | 5/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-24 | B | 3/5 | 5/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-23 | B | 3/5 | 5/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-22 | B | 3/5 | 5/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-21 | B | 3/5 | 5/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-20 | B | 3/5 | 5/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-17 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 5/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
3.84B
OE per share TTM
0.88
Owner's Yield
8.97%
Maintenance CapEx ratio
11.46%
Maint CapEx / Avg PPE
8.6%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 102 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | HSBC MSCI China A UCITS ETF HMCT.L | 0.13% | 170.5K | 0.30% |
| 2 | Xtrackers Harvest CSI 300 China A-Shares ETF ASHR | 0.10% | 1.39M | 0.65% |
| 3 | Xtrackers Harvest CSI300 UCITS ETF 1D ASHR.L | 0.10% | 312.6K | 0.65% |
| 4 | Samsung KODEX China CSI300 ETF 283580.KS | 0.09% | 178.9K | 0.12% |
| 5 | iShares MSCI China A UCITS ETF CNYE.MI | 0.09% | 90.2K | 0.45% |
| 6 | iShares MSCI China A UCITS ETF CNYA.L | 0.09% | 2.74M | 0.40% |
| 7 | iShares MSCI China A ETF CNYA | 0.08% | 197.6K | 0.60% |
| 8 | Xtrackers MSCI China A UCITS ETF 1C XX2D.L | 0.08% | 115.3K | 0.35% |
| 9 | Amundi MSCI China A UCITS ETF Acc CNAA.L | 0.08% | 109.2K | 0.35% |
| 10 | Goldman Sachs ActiveBeta Emerging Markets Equity ETF GEM | 0.05% | 872.1K | 0.59% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
928.6K
Shares Outstanding
4.54B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Hongguang Deng | Chief Risk Officer & Secretary of the Board of Directors | — | male |
| Jianlong Sheng | Vice President | — | male |
| Jingdong Cheng | President, Acting Financial Officer & Director | — | male |
| Minsheng Lou | Accounting Supervisor & Staff Director | — | female |
| Nansheng Hu | Senior Executive, GM of Wealth Management Business Department & Assistant to the President | — | male |
| Siming Wu | Vice President | — | male |
| Wenhai Qian | President, Acting Chief Financial Officer & Director | — | male |
| Xiaoping Lou | Vice President | — | male |
| Yufeng Huang | Chief Information Officer | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for 601878.SS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
