601377.Ss
The company operates in the investment management and fund operations sector, generating revenue primarily through asset management fees and investment income.
Business. The company operates in the investment management and fund operations sector, generating revenue primarily through asset management fees and investment income.
Analyst recommendations
5 analysts · consensus BuyAt a glance
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.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
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
Signals & dispatch
Composite-score breakdown
Synthesis
The company operates in the investment management and fund operations sector, generating revenue primarily through asset management fees and investment income.
The company's capital structure is characterized by a high debt-to-equity ratio of 2.72, indicating a significant reliance on debt financing. Its liquidity position is assessed as medium, with a negative net cash position after subtracting total debt. The price-to-book ratio of 0.82 suggests that the company's market value is below its book value, potentially indicating undervaluation or asset impairment.
In terms of profitability, the company's return on equity (ROE) is 4.66%, which is relatively low compared to industry benchmarks. The return on assets (ROA) of 0.83% further underscores the company's limited asset efficiency. The operating margin, calculated as operating income divided by revenue, is 3.01%, which is below the industry median for investment management firms.
The company's revenue is not segmented by geographic regions or business lines in the provided data, making it difficult to assess revenue concentration or diversification. However, the company's exposure to the domestic market is evident given the use of CNY as the reporting currency.
The company's growth trajectory is modest, with no specific numeric deltas provided for the current or next fiscal year. The free cash flow of 791 million CNY indicates some capacity for reinvestment or shareholder returns, but the negative capital expenditure of 315 million CNY suggests a reduction in investment in physical assets.
The company's risk profile includes a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt highlights potential liquidity constraints. The dilution risk is assessed as low, with no significant dilution potential identified in the basic shares outstanding.
Recent events and filings do not provide specific details in the input data, but the company's financial snapshot and valuation metrics suggest a stable but not robust financial position. Analyst estimates indicate a generally positive outlook, with a mean price target of 8.48 CNY and a mean recommendation of 1.80, suggesting a slight bias towards buying.
- The company has a high debt-to-equity ratio, indicating a significant reliance on debt financing.
- The company's return on equity and return on assets are below industry benchmarks, suggesting limited profitability.
- The company's liquidity position is medium, with a negative net cash position after subtracting total debt.
- Analysts have a generally positive outlook, with a mean price target higher than the current market price.
- "margin_outlook_rationale": "The company's operating margin is below the industry median, indicating potential pressure on profitability.",
- "rd_outlook_rationale": "No specific data on research and development expenditures is provided, making it difficult to assess future innovation potential.",
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,41 |
| Revenue | —no estimate | —no estimate | 14,1B CNY |
| Operating income | —no estimate | —no estimate | —no estimate |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- 601377.SS Market data — financials · 2026-05-27
- Industrial Securities Co Ltd Market data — analyst estimates · 2026-05-27
Ownership & reference
Leadership
- Zhihui LiuPresident, Director