Breaking Down Ccoop Group Co., Ltd Financial Health: Key Insights for Investors

Ccoop Group Co., Ltd. (000564.SZ) is at a financial inflection point that demands investor attention: in the quarter ending September 30, 2025 revenue slid to 426.47 million CNY (a sequential drop), while trailing twelve‑month revenue fell to 1.20 billion CNY, down 32.68% year‑over‑year; despite a 2024 full‑year turnover of 1.42 billion CNY, the company reported a stark net income of -1.37 billion CNY and a trailing‑twelve‑month net profit margin of -113.59%, offset against a market capitalization of 48.58 billion CNY and an enterprise value suggesting sizable leverage-numbers that raise urgent questions about valuation (P/S 40.35; P/B 2.78), liquidity (cash and equivalents 786.22 million CNY; net cash position -6.71 billion CNY), and operational efficiency (revenue per employee ~612,980 CNY) that this deep‑dive will unpack for investors seeking to weigh risks and potential catalysts.}

Ccoop Group Co., Ltd (000564.SZ) - Revenue Analysis

• Quarter ending Sep 30, 2025 revenue: 426.47 million CNY (down 10.13% vs prior quarter).
• Trailing twelve months (TTM) revenue: 1.20 billion CNY (down 32.68% year-over-year).
• Annual revenue 2024: 1.42 billion CNY (up 1.69% vs 2023).
• Revenue per employee: ≈612,980 CNY (total employees: 1,964).
• Price-to-Sales (P/S) ratio: 40.35 - implying a high market valuation relative to sales.
• Market capitalization (as of Nov 6, 2025): 48.58 billion CNY.

• Short-term trend: sequential revenue decline in Q3 2025 signals near-term softness versus prior quarter.
• Medium-term view: TTM revenue down ~33% YoY indicates significant revenue contraction compared with the prior 12-month period, despite modest FY2024 growth.
• Per-employee productivity is moderate, but the extremely high P/S (40.35) suggests the market is pricing substantial future growth or other non-revenue factors into valuation.
• At a market cap of 48.58 billion CNY against 1.20 billion TTM sales, investors face elevated valuation risk if revenue recovery stalls.

Ccoop Group Co., Ltd (000564.SZ) - Profitability Metrics

• Net profit margin (TTM): -113.59% - losses exceed revenue on a percentage basis.
• Return on equity (ROE, TTM): -9.12% - negative returns generated on shareholders' equity.
• Earnings per share (EPS, TTM): -0.07 CNY - loss attributable per ordinary share.
• Net income (TTM): -1.37 billion CNY - aggregate bottom-line loss.
• EBITDA (TTM): -304.02 million CNY - operating profitability and cash earnings negative.
• Enterprise value: 54.44 billion CNY - exceeds market cap, implying material debt or other non‑equity claims.

• Negative EBITDA and net income indicate operating cash-generation pressure and potential reliance on financing for operations.
• ROE and EPS both negative, signaling shareholder capital is generating losses rather than returns.
• An EV materially above market cap typically denotes significant net debt, minority interests, or preferred claims that amplify enterprise-level exposure despite depressed earnings.

Ccoop Group Co., Ltd (000564.SZ) - Debt vs. Equity Structure

Key balance-sheet metrics paint a picture of a company financing operations through a mix of equity and moderate leverage, with a net indebted position when cash is accounted for.

• Debt-to-equity ratio: 43.35%
• Total debt: 7.50 billion CNY
• Total equity: 17.29 billion CNY
• Net cash position: -6.71 billion CNY (net debt)
• Interest coverage ratio: not available
• Book value per share: 0.87 CNY
• Total assets: 34.92 billion CNY
• Total liabilities: 17.62 billion CNY

Implications for investors:

• The 43.35% debt-to-equity ratio signals moderate leverage; equity capital remains the dominant funding source.
• Net debt of 6.71 billion CNY (negative net cash) indicates obligations exceed available cash - a factor to monitor for refinancing risk and liquidity stress.
• The absence of an interest coverage ratio limits assessment of interest-payments sustainability; investors should seek operating income and interest expense details to evaluate coverage.
• A book value per share of 0.87 CNY suggests low per-share equity backing; compare with market price to assess margin of safety or potential over/undervaluation.

For context on corporate direction and priorities that may affect capital allocation and leverage decisions, see: Mission Statement, Vision, & Core Values (2026) of Ccoop Group Co., Ltd.

Ccoop Group Co., Ltd (000564.SZ) - Liquidity and Solvency

• Working capital: 905.52 million CNY (positive short-term liquidity)
• Cash and cash equivalents: 786.22 million CNY
• Net cash position: -6.71 billion CNY (net debt, i.e., more debt than cash)
• Interest coverage ratio: Not available - limits assessment of interest-payments capacity
• Total assets: 34.92 billion CNY; Total liabilities: 17.62 billion CNY
• Debt-to-equity ratio: 43.35% (moderate leverage relative to equity)

Ccoop Group Co., Ltd (000564.SZ) - Valuation Analysis

Ccoop Group Co., Ltd (000564.SZ) currently presents a mixed valuation picture: very high sales-based valuation alongside a premium to book and tangible book values, with market-cap and enterprise-value scales reflecting significant investor expectations despite a marked share-price decline over the past year.

• Price-to-Sales (P/S): 40.35 - implies investors are paying CNY 40.35 for each CNY 1 of revenue, signaling very high growth expectations or low current revenue relative to market value.
• Price-to-Book (P/B): 2.78 - stock trades at 2.78x book value, indicating a substantial premium to accounting equity.
• Price-to-Tangible Book (P/TBV): 3.25 - valuation is higher relative to tangible net assets, suggesting goodwill/intangibles contribute to reported equity or market skepticism about asset quality.
• Market Capitalization: 48.03 billion CNY - size of equity market value.
• Enterprise Value (EV): 56.30 billion CNY - includes net debt and minority interests, providing a fuller acquisition-price view.
• 52-Week Price Change: -34.32% - significant one-year decline, which may reflect operational, sectoral, or market sentiment shifts.
• 50-day / 200-day Moving Averages: 2.63 CNY / 2.59 CNY - near parity between short- and long-term averages, indicating a relatively stable recent price trend despite the 52-week drop.

Key valuation considerations for investors include:

• High P/S (40.35) relative to peers typically demands either exceptional revenue growth, margin expansion, or recurring high-value contracts to justify the premium.
• P/B and P/TBV premiums (2.78 and 3.25) indicate market willingness to pay above net and tangible assets - examine intangible assets, goodwill, and realistic recoverability.
• EV > Market Cap (56.30bn vs 48.03bn CNY) signals net debt or minority interests contribute materially to enterprise value - check leverage and interest coverage.
• Large 52-week negative return (-34.32%) versus stable 50/200-day averages suggests a past sell-off with recent price stabilization; assess catalysts for the prior decline and whether fundamentals have improved.

For further context on shareholder composition, recent trading flows and who's buying, see: Exploring Ccoop Group Co., Ltd Investor Profile: Who's Buying and Why?

Ccoop Group Co., Ltd (000564.SZ) - Risk Factors

• Profitability pressure: net profit margin of -113.59% signals losses far in excess of revenue for the most recent reporting period.
• Negative shareholder returns: ROE at -9.12% indicates equity is generating negative returns.
• Leverage considerations: debt-to-equity ratio of 43.35% denotes a moderate leverage level that amplifies downside in weak operating environments.
• Liquidity shortfall: net cash position of -6.71 billion CNY (net debt) reflects more debt than cash available.
• Market revaluation: 52-week price change of -34.32% shows a significant one-year decline in investor valuation.
• Enterprise valuation: market capitalization of 48.03 billion CNY versus enterprise value of 56.30 billion CNY, underscoring the impact of net debt on total firm value.

• Continued margin deterioration or further net losses could erode equity, reduce ROE further, and pressure liquidity.
• Rising interest rates or credit tightening would magnify the burden of the existing net debt (~6.71 billion CNY), increasing financing costs.
• Any asset writedowns, impairments, or unexpected one-off charges could materially widen the negative margin and deepen book value erosion.
• Share-price volatility: a -34.32% 52-week decline increases the risk of further market repricing and can complicate equity raises.
• Refinancing risk: moderate leverage (43.35% D/E) combined with negative cash flow raises the probability of challenging refinancing conditions or covenant pressure.

Ccoop Group Co., Ltd (000564.SZ) - Growth Opportunities

• Market capitalization: 48.03 billion CNY; enterprise value: 56.30 billion CNY - EV exceeds market cap by 8.27 billion CNY, signaling significant leverage or minority/operational adjustments.
• Net cash position: -6.71 billion CNY - net debt on the balance sheet that constrains financial flexibility but can be managed if cash flows recover.
• Debt-to-equity ratio: 43.35% - moderate leverage that can amplify returns in recovery scenarios but increases risk during downturns.
• Return on equity (ROE): -9.12% - current operations are destroying shareholder value; improvement in margins or asset efficiency is essential.
• 52-week price change: -34.32% - material decline reflecting market concerns about earnings, leverage, or sector dynamics.
• 50-day MA: 2.63 CNY; 200-day MA: 2.59 CNY - short- and long-term moving averages are nearly convergent, suggesting a relatively stable price base after recent declines.

• Operational turnaround levers: margin recovery (cost reduction, pricing optimization), asset-light initiatives, and targeted divestitures to reduce net debt and boost ROE.
• Capital-structure strategies: refinancing existing debt at favorable rates, extending maturities, or selective equity raises to bring net debt down from -6.71 billion CNY.
• Market and product expansion: leveraging existing distribution or retail footprint to grow higher-margin product lines or expand into digital channels.
• Timing and valuation opportunity: 52-week decline of -34.32% may price in risk; convergence of 50- and 200-day MAs suggests potential stability for value-oriented investors who accept leverage risk.