ZHESHANG SECURITIES (601878) Stock Price, Fundamentals & Analysis

What 601878 does

ZHESHANG SECURITIES (601878) is a Financial Services stock listed on the Shanghai Stock Exchange in the Capital Markets industry. The company provides brokerage, investment banking, asset management, proprietary trading, futures brokerage, and research services across China. It was founded in 2002 and is headquartered in Hangzhou, China, employing 6,543 people.

Key numbers explained

• The current price is 9.02 CNY, down 1.31% today.
• The trailing P/E ratio of 14.1 shows how much investors pay per unit of recent earnings; a lower figure can suggest a more affordable entry point relative to earnings.
• The forward P/E ratio of 11.4 uses expected future earnings, often making it a more forward-looking gauge than the trailing P/E.
• The dividend yield of 2.99% indicates the annual dividend as a percentage of the current price, representing the cash return shareholders receive.
• The ex-dividend date is Jul 30, 2026; buyers on or after this date do not receive the upcoming dividend.
• The debt-to-equity ratio of 210.1% means the company carries more than twice its equity in debt, a level worth monitoring for financial risk.
• The beta of 0.5 suggests the stock tends to move about half as much as the broader market, often interpreted as lower volatility.
• The 52-week range of 8.89 – 11.87 shows the lowest and highest traded prices in the past year, with the current price near the lower end.

What to watch

• Brokerage and capital markets stocks like ZHESHANG SECURITIES (601878) are sensitive to trading volumes and market sentiment in China.
• Regulatory changes in the financial sector can affect margins and business activity.
• The company's revenue growth of 56.5% year over year and profit margin of 27% are worth tracking alongside any changes in operating costs.
• As a component of the CSI 300, it can be influenced by index rebalancing flows.
• Investors often compare it with peers such as Bank of Jiangsu (600919), China Merchants Securities (600999), and CITIC Securities (600030) to contextualize valuation and growth.
• Broader liquidity conditions and interest rate moves in China may affect the stock's appeal relative to alternatives like Shanghai Pudong Development Bank (600000) or China Everbright Bank (601818).