Shanghai Dazhong Public Utilities(Group)Ltd Balance Sheet Health

Financial Health criteria checks 2/6

Shanghai Dazhong Public Utilities(Group)Ltd has a total shareholder equity of CN¥9.8B and total debt of CN¥8.3B, which brings its debt-to-equity ratio to 84.9%. Its total assets and total liabilities are CN¥23.0B and CN¥13.2B respectively. Shanghai Dazhong Public Utilities(Group)Ltd's EBIT is CN¥295.2M making its interest coverage ratio -1.8. It has cash and short-term investments of CN¥3.3B.

Key information

84.9%

Debt to equity ratio

CN¥8.33b

Debt

Interest coverage ratio	-1.8x
Cash	CN¥3.29b
Equity	CN¥9.82b
Total liabilities	CN¥13.17b
Total assets	CN¥22.98b

Recent financial health updates

We Think Shanghai Dazhong Public Utilities(Group)Ltd (SHSE:600635) Can Stay On Top Of Its Debt

Jul 13

Recent updates

Optimistic Investors Push Shanghai Dazhong Public Utilities(Group) Co.,Ltd. (SHSE:600635) Shares Up 30% But Growth Is Lacking

Jul 26

We Think Shanghai Dazhong Public Utilities(Group)Ltd (SHSE:600635) Can Stay On Top Of Its Debt

Jul 13

Should Shareholders Reconsider Shanghai Dazhong Public Utilities(Group) Co.,Ltd.'s (SHSE:600635) CEO Compensation Package?

Jun 11

Shanghai Dazhong Public Utilities(Group)Ltd (SHSE:600635) Might Have The Makings Of A Multi-Bagger

Jun 07

Shanghai Dazhong Public Utilities(Group)Ltd's (SHSE:600635) Solid Earnings Are Supported By Other Strong Factors

Apr 04

Financial Position Analysis

Short Term Liabilities: 600635's short term assets (CN¥5.8B) do not cover its short term liabilities (CN¥8.2B).

Long Term Liabilities: 600635's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥5.0B).

Debt to Equity History and Analysis

Debt Level: 600635's net debt to equity ratio (51.4%) is considered high.

Reducing Debt: 600635's debt to equity ratio has increased from 84.6% to 84.9% over the past 5 years.

Debt Coverage: 600635's debt is not well covered by operating cash flow (4.5%).

Interest Coverage: 600635 earns more interest than it pays, so coverage of interest payments is not a concern.

Shanghai Dazhong Public Utilities(Group)Ltd Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

We Think Shanghai Dazhong Public Utilities(Group)Ltd (SHSE:600635) Can Stay On Top Of Its Debt

Recent updates

Optimistic Investors Push Shanghai Dazhong Public Utilities(Group) Co.,Ltd. (SHSE:600635) Shares Up 30% But Growth Is Lacking

We Think Shanghai Dazhong Public Utilities(Group)Ltd (SHSE:600635) Can Stay On Top Of Its Debt

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Approves the Final Dividend for the Year Ended 31 December 2023, Payable on 08 August 2024

Should Shareholders Reconsider Shanghai Dazhong Public Utilities(Group) Co.,Ltd.'s (SHSE:600635) CEO Compensation Package?

Shanghai Dazhong Public Utilities(Group)Ltd (SHSE:600635) Might Have The Makings Of A Multi-Bagger

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 08 August 2024

New major risk - Financial position

First quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.088 in 1Q 2023)

Shanghai Dazhong Public Utilities(Group)Ltd's (SHSE:600635) Solid Earnings Are Supported By Other Strong Factors

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024

Full year 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.11 loss in FY 2022)

Shanghai Dazhong Public Utilities(Group) Co.,Ltd., Annual General Meeting, Jun 18, 2024

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Provides Earnings Guidance for the Year Ended December 31, 2023

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024

Third quarter 2023 earnings released: CN¥0.064 loss per share (vs CN¥0.001 profit in 3Q 2022)

New major risk - Revenue and earnings growth

New major risk - Financial data availability

New major risk - Financial position

Second quarter 2023 earnings released: EPS: CN¥0.072 (vs CN¥0.059 in 2Q 2022)

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Provides Group Earnings Guidance for the Six Months from January 1, 2023 to June 30, 2023

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Announces Board and Committees Appointments

First quarter 2023 earnings released: EPS: CN¥0.088 (vs CN¥0.11 loss in 1Q 2022)

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Announces Executive Changes

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Announces Supervisor Changes

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Provides Earnings Guidance for the Year from 1 January to 31 December 2022

Less than half of directors are independent

Third quarter 2022 earnings released

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. to Report Q3, 2022 Results on Oct 28, 2022

Second quarter 2022 earnings released: EPS: CN¥0.059 (vs CN¥0.066 in 2Q 2021)

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. to Report First Half, 2022 Results on Aug 30, 2022

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Provides Earnings Guidance for the Six Months Ended June 30, 2022

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Announces Final Cash Dividend, Payable on 20 July 2022

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Elects Shi Pingyang as Non-Executive Director

First quarter 2022 earnings released: CN¥0.11 loss per share (vs CN¥0.007 profit in 1Q 2021)

Less than half of directors are independent

Shanghai Dazhong Public Utilities(Group) Co.,Ltd., Annual General Meeting, May 27, 2022

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Announces Management Changes

Third quarter 2021 earnings released: EPS CN¥0.002 (vs CN¥0.016 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.066 (vs CN¥0.05 in 2Q 2020)

China Resources Gas Co., Ltd. made an offer to acquire a 74.75% stake in Suchuang Gas Corporation Limited (SEHK:1430) from Shanghai Dazhong Public Utilities(Group) Co.,Ltd. (SHSE:600635), Dazhong (Hongkong) International Corporation Limited and Action East International Limited for HKD 1.5 billion.

First quarter 2021 earnings released: EPS CN¥0.007 (vs CN¥0.036 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥0.18 in FY 2019)

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021

New 90-day low: CN¥3.83

New 90-day low: CN¥4.00

New 90-day low: CN¥4.13

Third quarter 2020 earnings released: CN¥0.017 loss per share

New 90-day low: CN¥4.22

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. to Report Nine Months, 2020 Results on Oct 30, 2020

New 90-day low: CN¥4.39

First half earnings released

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. to Report First Half, 2020 Results on Aug 29, 2020

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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