End-of-day quote
Shanghai S.E.
06:00:00 2024-05-14 pm EDT
|
5-day change
|
1st Jan Change
|
7.57
CNY
|
+0.80%
|
|
+4.56%
|
+26.80%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
134,820
|
111,379
|
101,293
|
83,961
|
84,814
|
106,692
|
-
|
-
|
Enterprise Value (EV)
1 |
134,820
|
111,379
|
101,293
|
83,961
|
84,814
|
106,692
|
106,692
|
106,692
|
P/E ratio
|
6.98
x
|
5.6
x
|
5.28
x
|
4.38
x
|
3.9
x
|
4.92
x
|
4.54
x
|
4.48
x
|
Yield
|
4.21%
|
5.1%
|
5.61%
|
6.77%
|
7.71%
|
5.48%
|
6.29%
|
6.08%
|
Capitalization / Revenue
|
2.71
x
|
2.19
x
|
1.8
x
|
1.58
x
|
1.68
x
|
2.12
x
|
1.94
x
|
1.93
x
|
EV / Revenue
|
2.71
x
|
2.19
x
|
1.8
x
|
1.58
x
|
1.68
x
|
2.12
x
|
1.94
x
|
1.93
x
|
EV / EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EV / FCF
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Price to Book
|
0.76
x
|
0.65
x
|
0.55
x
|
0.42
x
|
0.36
x
|
0.46
x
|
0.42
x
|
0.39
x
|
Nbr of stocks (in thousands)
|
14,206,529
|
14,206,529
|
14,206,625
|
14,206,662
|
14,206,668
|
14,206,671
|
-
|
-
|
Reference price
2 |
9.490
|
7.840
|
7.130
|
5.910
|
5.970
|
7.510
|
7.510
|
7.510
|
Announcement Date
|
1/13/20
|
1/8/21
|
3/2/22
|
3/16/23
|
3/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
49,800
|
50,746
|
56,230
|
53,112
|
50,564
|
50,296
|
54,920
|
55,324
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
22,230
|
22,321
|
23,558
|
24,025
|
26,030
|
37,381
|
41,300
|
41,436
|
Operating Margin
|
44.64%
|
43.99%
|
41.9%
|
45.23%
|
51.48%
|
74.32%
|
75.2%
|
74.9%
|
Earnings before Tax (EBT)
1 |
22,377
|
22,410
|
23,555
|
24,044
|
25,897
|
26,416
|
27,687
|
28,520
|
Net income
1 |
20,298
|
20,885
|
22,042
|
22,280
|
22,545
|
22,900
|
24,447
|
25,182
|
Net margin
|
40.76%
|
41.16%
|
39.2%
|
41.95%
|
44.59%
|
45.53%
|
44.51%
|
45.52%
|
EPS
2 |
1.360
|
1.400
|
1.350
|
1.350
|
1.530
|
1.526
|
1.653
|
1.678
|
Free Cash Flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.4000
|
0.4000
|
0.4000
|
0.4000
|
0.4600
|
0.4114
|
0.4724
|
0.4568
|
Announcement Date
|
1/13/20
|
1/8/21
|
3/2/22
|
3/16/23
|
3/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
14,774
|
14,229
|
13,713
|
13,732
|
11,439
|
13,215
|
13,145
|
12,913
|
11,291
|
13,094
|
14,065
|
12,750
|
12,750
|
13,826
|
13,826
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
1 |
5,710
|
6,209
|
7,446
|
4,788
|
-
|
-
|
-
|
-
|
6,260
|
7,252
|
7,366
|
5,771
|
5,771
|
6,654
|
6,654
|
Net income
|
5,398
|
5,853
|
6,821
|
4,493
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
36.53%
|
41.14%
|
49.74%
|
32.72%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
0.2800
|
0.3700
|
0.4300
|
0.2900
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.4000
|
-
|
-
|
-
|
0.4000
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.4970
|
-
|
-
|
Announcement Date
|
3/2/22
|
4/28/22
|
8/25/22
|
10/26/22
|
3/16/23
|
5/26/23
|
8/26/23
|
10/26/23
|
3/22/24
|
4/25/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
ROE (net income / shareholders' equity)
|
12.9%
|
12.1%
|
11.1%
|
11%
|
10.4%
|
9.87%
|
9.68%
|
9.26%
|
ROA (Net income/ Total Assets)
|
0.95%
|
0.89%
|
0.86%
|
0.81%
|
0.76%
|
0.7%
|
0.69%
|
0.7%
|
Assets
1 |
2,132,367
|
2,349,269
|
2,557,670
|
2,765,984
|
2,982,025
|
3,263,575
|
3,563,714
|
3,607,756
|
Book Value Per Share
2 |
12.40
|
12.00
|
13.00
|
14.20
|
16.80
|
16.50
|
17.70
|
19.00
|
Cash Flow per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex / Sales
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
1/13/20
|
1/8/21
|
3/2/22
|
3/16/23
|
3/22/24
|
-
|
-
|
-
|
Last Close Price
7.51
CNY Average target price
6.802
CNY Spread / Average Target -9.43% Consensus |
1st Jan change
|
Capi.
|
---|
| +25.80% | 14.75B | | +22.26% | 206B | | +1.60% | 73.14B | | +6.79% | 55.71B | | +21.62% | 51.24B | | +5.61% | 49.17B | | +32.61% | 46.15B | | +13.58% | 36.79B | | -15.79% | 35.32B | | -96.60% | 32.25B |
Commercial Banks
|