---
title: "Shanghai Belling (600171.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/600171.SH/norm.md"
symbol: "600171.SH"
name: "Shanghai Belling"
parent: "https://longbridge.com/en/quote/600171.SH.md"
datetime: "2026-05-20T12:56:54.515Z"
locales:
  - [en](https://longbridge.com/en/quote/600171.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600171.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600171.SH/norm.md)
---

# Shanghai Belling (600171.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.0320 | 0.0426 | 0.1000 | 0.1366 | 0.0540 |
| ROE | 1.98% | 2.84% | 6.29% | 8.64% | 3.47% |
| Revenue | 604.50M | 961.17M | 865.54M | 878.17M | 468.84M |
| Net income | 22.42M | 31.97M | 70.11M | 95.76M | 38.39M |
| Operating income | 26.96M | 9.80M | 69.33M | 92.66M | 15.78M |
| Gross margin | 28.94% | 23.88% | 26.49% | 27.23% | 28.45% |
| Net margin | 3.71% | 3.33% | 8.10% | 10.90% | 8.19% |
| Profit quality | -30.09% | 7.68% | 74.34% | 75.39% | -17.14% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 5.26B | 5.33B | 5.16B | 5.10B | 5.14B |
| Leverage | 1.16 | 1.18 | 1.15 | 1.15 | 1.16 |
| BVPS | 6.41 | 6.38 | 6.34 | 6.24 | 6.27 |
| Turnover | 0.6361 | 0.5983 | 0.6265 | 0.6192 | 0.5707 |
| Cash & STI | 1.06B | 1.25B | 1.16B | 1.16B | 1.45B |
| Inv & Rec | 1.16B | 963.41M | 1.01B | 950.77M | 935.88M |
| LT assets | 165.57M | 170.22M | 146.76M | 157.58M | 156.58M |
| Net debt | -1.03B | -1.22B | -1.13B | -1.11B | -1.41B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -89.57M | 127.61M | 93.25M | 122.91M | -92.09M |
| Investing CF | -66.57M | 67.08M | -2.30M | -12.83M | 49.77M |
| Financing CF | -3.23M | -4.26M | -3.58M | -122.00M | -3.93M |
| Free CF | -116.76M | 150.64M | 25.72M | -13.28M | -109.79M |
| OCF coverage | -1012.18% | 977.51% | 727.08% | 93.16% | -1405.14% |
| Repaid & issued | - | - | - | - | - |
| CapEx | -8.85M | -13.05M | -12.83M | -11.41M | -6.55M |

## Distribution Plan

**Dividend Yield**: 0.56

### Dividend History

| Description | Record Date | Ex-Date | Payment Date |
|-------------|-------------|---------|--------------|
| Cash Dividend: 
0.17CNY | 2025-06-19 | 2025-06-20 | 2025-06-20 |
| Cash Dividend: 
0.1CNY | 2024-06-19 | 2024-06-20 | 2024-06-20 |
| Cash Dividend: 
0.2CNY | 2023-06-09 | 2023-06-12 | 2023-06-12 |