# Shanghai Xinmei Real Estate (600732.SHG)

Canonical: https://gigainvestors.com/s/600732.SHG

Analysis as of: 2026-10-16T07:38:56.843Z. 

Listing currency: CNY. Reporting currency: CNY.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: CNY 10.27 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 67% since Jun 2023

Story as of 2026-10-16T10:01:28.491Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in solar; annual sales are CNY 15.6 billion.

- Source: https://eodhd.com/api/fundamentals/600732.SHG.json#2025-12-31 (filed 2026-10-16T07:38:56.843Z); FY2025: revenue 15614134137.69; grossProfit 403966988.16; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); 600732.SHG: Shanghai Aiko Solar Energy Co.,Ltd. engages in the research and development, manufacture, and sale of photovoltaic products in China. It offers solar cells, all back contact modules, and digital products. The company also provides solutions to residential, commercial and industrial, and utility sectors. It serves installers, distributors, and module manufacturers. The company also exports its products to Europe, the Asia Pacific, Japan, Korea, the Middle East, Australia, and Africa. Shanghai Aiko Solar Energy Co.,Ltd. was founded in 1996 and is based in Shanghai, the People's Republic of China.

### Where the cash goes

Paid dividends in 6 of 6 years.

- Source: https://eodhd.com/api/fundamentals/600732.SHG.json#2022-12-31 (filed 2026-10-16T07:38:56.843Z); FY2022: growth capex 2972022210.87; upkeep 1005804040; owner earnings 2304573837.732. Growth capex / owner earnings = 1.2896190012270798.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:56.843Z); Dividend observations: [[2020,159521982.37],[2021,142543043],[2022,197143786.81],[2023,714933693],[2024,609582756],[2025,540453870.1]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 32.6% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); 600732.SHG SharesStats.PercentInsiders = 32.568999999999996 percentage points; cache date 2026-10-16.

### What the price says

The price is 1.2 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:38:56.843Z); Closing price 10.27 CNY; reporting-to-trading FX 1; FY2025 annual sales per share 8.227214422040928; price multiple 1.2482961392724121. FY2025 cash earnings/share -0.513303370256021. Closing-price date 2026-10-15.

## Monthly share-price history (CNY per share)

- 2016-11: CNY 5.48 per share

- 2016-12: CNY 5.48 per share

- 2017-01: CNY 5.48 per share

- 2017-02: CNY 5.48 per share

- 2017-03: CNY 5.48 per share

- 2017-04: CNY 5.48 per share

- 2017-05: CNY 5.48 per share

- 2017-06: CNY 4.99 per share

- 2017-07: CNY 4.42 per share

- 2017-08: CNY 5.00 per share

- 2017-09: CNY 4.95 per share

- 2017-10: CNY 5.65 per share

- 2017-11: CNY 5.61 per share

- 2017-12: CNY 5.40 per share

- 2018-01: CNY 4.56 per share

- 2018-02: CNY 4.63 per share

- 2018-03: CNY 4.46 per share

- 2018-04: CNY 4.37 per share

- 2018-05: CNY 3.74 per share

- 2018-06: CNY 3.81 per share

- 2018-07: CNY 3.69 per share

- 2018-08: CNY 2.95 per share

- 2018-09: CNY 3.03 per share

- 2018-10: CNY 2.99 per share

- 2018-11: CNY 3.00 per share

- 2018-12: CNY 3.23 per share

- 2019-01: CNY 3.36 per share

- 2019-02: CNY 4.12 per share

- 2019-03: CNY 4.21 per share

- 2019-04: CNY 4.99 per share

- 2019-05: CNY 5.34 per share

- 2019-06: CNY 4.87 per share

- 2019-07: CNY 5.46 per share

- 2019-08: CNY 5.69 per share

- 2019-09: CNY 5.44 per share

- 2019-10: CNY 4.96 per share

- 2019-11: CNY 5.18 per share

- 2019-12: CNY 5.56 per share

- 2020-01: CNY 6.22 per share

- 2020-02: CNY 8.15 per share

- 2020-03: CNY 5.13 per share

- 2020-04: CNY 5.52 per share

- 2020-05: CNY 5.39 per share

- 2020-06: CNY 7.71 per share

- 2020-07: CNY 11.65 per share

- 2020-08: CNY 9.96 per share

- 2020-09: CNY 10.10 per share

- 2020-10: CNY 9.84 per share

- 2020-11: CNY 11.98 per share

- 2020-12: CNY 11.41 per share

- 2021-01: CNY 12.31 per share

- 2021-02: CNY 9.48 per share

- 2021-03: CNY 8.65 per share

- 2021-04: CNY 8.24 per share

- 2021-05: CNY 8.16 per share

- 2021-06: CNY 9.94 per share

- 2021-07: CNY 8.90 per share

- 2021-08: CNY 11.02 per share

- 2021-09: CNY 10.57 per share

- 2021-10: CNY 13.94 per share

- 2021-11: CNY 16.31 per share

- 2021-12: CNY 16.69 per share

- 2022-01: CNY 13.17 per share

- 2022-02: CNY 14.45 per share

- 2022-03: CNY 10.69 per share

- 2022-04: CNY 9.36 per share

- 2022-05: CNY 17.34 per share

- 2022-06: CNY 23.59 per share

- 2022-07: CNY 27.94 per share

- 2022-08: CNY 25.40 per share

- 2022-09: CNY 26.72 per share

- 2022-10: CNY 25.23 per share

- 2022-11: CNY 29.57 per share

- 2022-12: CNY 27.01 per share

- 2023-01: CNY 27.22 per share

- 2023-02: CNY 26.14 per share

- 2023-03: CNY 23.65 per share

- 2023-04: CNY 22.29 per share

- 2023-05: CNY 24.62 per share

- 2023-06: CNY 30.75 per share

- 2023-07: CNY 25.76 per share

- 2023-08: CNY 22.21 per share

- 2023-09: CNY 22.31 per share

- 2023-10: CNY 19.60 per share

- 2023-11: CNY 16.18 per share

- 2023-12: CNY 17.64 per share

- 2024-01: CNY 13.80 per share

- 2024-02: CNY 15.13 per share

- 2024-03: CNY 13.64 per share

- 2024-04: CNY 11.95 per share

- 2024-05: CNY 11.65 per share

- 2024-06: CNY 9.05 per share

- 2024-07: CNY 9.43 per share

- 2024-08: CNY 8.12 per share

- 2024-09: CNY 10.30 per share

- 2024-10: CNY 12.79 per share

- 2024-11: CNY 15.95 per share

- 2024-12: CNY 11.02 per share

- 2025-01: CNY 10.51 per share

- 2025-02: CNY 13.16 per share

- 2025-03: CNY 12.18 per share

- 2025-04: CNY 10.51 per share

- 2025-05: CNY 11.08 per share

- 2025-06: CNY 13.10 per share

- 2025-07: CNY 13.99 per share

- 2025-08: CNY 15.20 per share

- 2025-09: CNY 16.53 per share

- 2025-10: CNY 15.78 per share

- 2025-11: CNY 13.53 per share

- 2025-12: CNY 13.40 per share

- 2026-01: CNY 13.60 per share

- 2026-02: CNY 14.52 per share

- 2026-03: CNY 14.01 per share

- 2026-04: CNY 15.38 per share

- 2026-05: CNY 12.10 per share

- 2026-06: CNY 13.85 per share

- 2026-07: CNY 12.36 per share

- 2026-08: CNY 11.54 per share

- 2026-09: CNY 11.57 per share

- 2026-10: CNY 10.82 per share

## Annual estimated value (CNY per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.