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Companies Consumer Cyclicals 603900.SS
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603900.SS Shanghai Stock Exchange Apparel & Accessories Retailers

603900.Ss

¥7,40
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CNY
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Last 30 days
1D5D1M3M6MYTD1Y5YMax
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Mcap
P/E
EV / Rev
Div yield
1,25 %
Op margin
4,7 %
ROE
3,1 %
Net margin
3,9 %
Debt / equity
0,02
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

The company operates in the apparel and accessories retail sector, generating revenue primarily through the sale of clothing and related products to consumers.

Business. The company operates in the apparel and accessories retail sector, generating revenue primarily through the sale of clothing and related products to consumers.

Classification92 %
SectorConsumer Cyclicals
Business sectorRetailers
IndustryApparel & Accessories Retailers
ActivityRetailers
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
not yet wired
Ownership
not yet wired
Profitability
3,1 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 603900.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary · THIS SECTOR+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 603900.SS. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    The company operates in the apparel and accessories retail sector, generating revenue primarily through the sale of clothing and related products to consumers.

    Classification92 %
    SectorConsumer Cyclicals
    Business sectorRetailers
    IndustryApparel & Accessories Retailers
    ActivityRetailers
    AI synthesis
    GENERATED

    The company maintains a strong liquidity position, with a current ratio of 8.26, indicating a significant ability to meet short-term obligations. However, the company has a negative net cash position after subtracting total debt, which introduces a medium liquidity risk. The debt-to-equity ratio is 0.02, suggesting a conservative capital structure with minimal reliance on debt financing.

    Profitability metrics show a return on equity of 3.08% and a return on assets of 2.71%, which are below the industry median for apparel and accessories retailers. The operating margin is 4.68%, and the net profit margin is 3.91%, both of which are in line with the industry average. The company's gross margin is 35.5%, which is slightly below the median for the sector, indicating potential pressure on pricing or cost control.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and shifts in consumer demand. The company's revenue is entirely derived from its core retail operations, with no material contributions from other business lines.

    The company's revenue growth has been modest, with a year-over-year increase of 2.1% in the most recent fiscal year. Analysts project a mean revenue estimate of 2.13 billion CNY for the upcoming year, representing a 43.6% increase from the actual revenue of 1.498 billion CNY. The projected earnings per share (EPS) is 0.40 CNY, compared to the actual EPS of 0.17 CNY, indicating a significant upward revision in earnings expectations.

    The company faces a low dilution risk, with no near-term pressure for share issuance. The dilution potential is minimal, as the number of diluted shares is equal to the number of basic shares outstanding. The company has not issued new shares in the past year, and there are no indications of upcoming equity offerings.

    Recent events include the release of the latest financial results, which showed a decline in EPS compared to analyst estimates. The company has not issued any new product launches or major strategic announcements in the past quarter. The company's capital expenditure has been negative, indicating a reduction in investment in physical assets, which may signal a focus on cost optimization.

    Key takeaways
    • The company has a strong liquidity position but faces a medium liquidity risk due to a negative net cash position.
    • Profitability metrics are below the industry median, with a return on equity of 3.08% and a return on assets of 2.71%.
    • The company's revenue is concentrated in a single business segment, increasing exposure to regional economic fluctuations.
    • Analysts project a significant increase in revenue and earnings per share for the upcoming year.
    • The company faces a low dilution risk, with no near-term pressure for share issuance.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    ¥7,40
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    ¥1.94B
    Net cash
    -¥36.8M
    Current ratio
    8.3
    Debt / equity
    0.0
    ROA
    2.7%
    ROE
    3.1%
    Cash conversion
    171.0%
    CapEx / revenue
    -1.5%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    0,40
    Predicted surprise
    0,00
    Beat probability
    45 %
    Analysts
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-07 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate0,40
    Revenueno estimateno estimate2,1B CNY
    Operating incomeno estimateno estimateno estimate
    Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data
    EPS surprise
    −56,5 %
    reported vs consensus · miss
    Revenue surprise
    −29,7 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin4,7 %Below median
    Net Margin3,9 %Below median
    ROE3,1 %Below median
    Capex / Rev-1,5 %Above median
    D/E0,02Above P75
    Cash Conv1,71Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • 603900.SS Market data — financials · 2026-05-27
    • Leysen Jewellery Inc Market data — analyst estimates · 2026-05-27

    Ownership & reference

    Leadership

    • Ou ZhuangPresident, Director

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    603900.SSCanonical
    Shanghai Stock Exchange · CNY

    Intel & risk

    PredictorBeat prob45 %Surprise0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage