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Market Cap


Last Updated

2021/05/16 09:15 UTC

Data Sources

Company Financials

Executive Summary

Shanghai Belling Co., Ltd. operates in IC industry in China. More Details

Snowflake Analysis

Flawless balance sheet with proven track record.

Similar Companies

Share Price & News

How has Shanghai Belling's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: 600171 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 600171's weekly volatility (5%) has been stable over the past year.

Market Performance

7 Day Return




CN Semiconductor


CN Market

1 Year Return




CN Semiconductor


CN Market

Return vs Industry: 600171 underperformed the CN Semiconductor industry which returned 16.1% over the past year.

Return vs Market: 600171 underperformed the CN Market which returned 25.3% over the past year.

Shareholder returns

7 Day3.4%1.8%2.3%
30 Day0.06%1.9%3.4%
90 Day18.8%-11.7%-6.3%
1 Year-2.1%-2.8%16.4%16.1%27.2%25.3%
3 Year24.6%22.6%111.1%103.0%29.1%23.0%
5 Year20.0%17.6%145.9%136.6%40.1%30.9%

Long-Term Price Volatility Vs. Market

How volatile is Shanghai Belling's share price compared to the market and industry in the last 5 years?

Simply Wall St News

No news available


Is Shanghai Belling undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 600171 (CN¥16.87) is trading above our estimate of fair value (CN¥1.97)

Significantly Below Fair Value: 600171 is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: 600171 is good value based on its PE Ratio (18.9x) compared to the CN Semiconductor industry average (58.6x).

PE vs Market: 600171 is good value based on its PE Ratio (18.9x) compared to the CN market (30.7x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 600171's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 600171 is good value based on its PB Ratio (3.4x) compared to the CN Semiconductor industry average (4.6x).

Future Growth

How is Shanghai Belling forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Semiconductors industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Shanghai Belling has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Shanghai Belling performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600171 has a high level of non-cash earnings.

Growing Profit Margin: 600171's current net profit margins (40.9%) are higher than last year (16.9%).

Past Earnings Growth Analysis

Earnings Trend: 600171's earnings have grown significantly by 39.5% per year over the past 5 years.

Accelerating Growth: 600171's earnings growth over the past year (221.6%) exceeds its 5-year average (39.5% per year).

Earnings vs Industry: 600171 earnings growth over the past year (221.6%) exceeded the Semiconductor industry 59.9%.

Return on Equity

High ROE: 600171's Return on Equity (18.4%) is considered low.

Financial Health

How is Shanghai Belling's financial position?

Financial Position Analysis

Short Term Liabilities: 600171's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥340.3M).

Long Term Liabilities: 600171's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥240.4M).

Debt to Equity History and Analysis

Debt Level: 600171's debt to equity ratio (0.07%) is considered satisfactory.

Reducing Debt: 600171's debt to equity ratio has reduced from 2% to 0.07% over the past 5 years.

Debt Coverage: 600171's debt is well covered by operating cash flow (2580.1%).

Interest Coverage: 600171 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet


What is Shanghai Belling current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 600171's dividend (0.77%) is higher than the bottom 25% of dividend payers in the CN market (0.47%).

High Dividend: 600171's dividend (0.77%) is low compared to the top 25% of dividend payers in the CN market (1.86%).

Stability and Growth of Payments

Stable Dividend: 600171's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600171's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.6%), 600171's dividend payments are thoroughly covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


CEO Compensation


Yi Qin (55 yo)

no data




Yi Qin serves as General Manager at Shanghai Belling Co., Ltd. and served as its Deputy General Manager.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Shanghai Belling Co., Ltd.'s company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Shanghai Belling Co., Ltd.
  • Ticker: 600171
  • Exchange: SHSE
  • Founded: 1998
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: CN¥11.799b
  • Shares outstanding: 699.40m
  • Website:

Number of Employees


  • Shanghai Belling Co., Ltd.
  • 810 Yishan Road
  • Shanghai
  • 200233
  • China



Shanghai Belling Co., Ltd. operates in IC industry in China. Its products include power management, AC/DC converters, electric energy metering circuits, LED drive ICs, interface circuits, ADC circuits, MCU...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 09:15
End of Day Share Price2021/05/14 00:00
Annual Earnings2020/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.