End-of-day quote
Shanghai S.E.
06:00:00 2024-04-29 pm EDT
|
5-day change
|
1st Jan Change
|
9.03
CNY
|
-1.31%
|
|
-2.90%
|
+3.44%
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Capitalization
1 |
10,237
|
15,539
|
19,910
|
20,018
|
14,834
|
12,448
|
12,448
|
-
|
Enterprise Value (EV)
1 |
10,880
|
16,001
|
19,906
|
19,479
|
15,412
|
12,034
|
12,448
|
12,448
|
P/E ratio
|
29.9
x
|
31
x
|
32.5
x
|
30.3
x
|
41.4
x
|
12.5
x
|
18.9
x
|
16.9
x
|
Yield
|
1.2%
|
1.02%
|
0.98%
|
1.1%
|
0.74%
|
2.52%
|
9.25%
|
12.1%
|
Capitalization / Revenue
|
0.49
x
|
0.69
x
|
0.79
x
|
0.69
x
|
0.53
x
|
0.45
x
|
0.47
x
|
0.39
x
|
EV / Revenue
|
0.49
x
|
0.69
x
|
0.79
x
|
0.69
x
|
0.53
x
|
0.45
x
|
0.47
x
|
0.39
x
|
EV / EBITDA
|
5.99
x
|
7.96
x
|
9.31
x
|
14.2
x
|
9.6
x
|
5.82
x
|
5.53
x
|
5.04
x
|
EV / FCF
|
-59,719,533
x
|
23,360,297
x
|
34,761,792
x
|
189,362,329
x
|
-33,695,883
x
|
-
|
-
|
-
|
FCF Yield
|
-0%
|
0%
|
0%
|
0%
|
-0%
|
-
|
-
|
-
|
Price to Book
|
1.92
x
|
2.72
x
|
3.17
x
|
2.55
x
|
1.85
x
|
1.35
x
|
2
x
|
1.39
x
|
Nbr of stocks (in thousands)
|
1,224,488
|
1,224,488
|
1,224,488
|
1,378,641
|
1,378,641
|
1,378,474
|
1,378,474
|
-
|
Reference price
2 |
8.360
|
12.69
|
16.26
|
14.52
|
10.76
|
9.030
|
9.030
|
9.030
|
Announcement Date
|
3/25/19
|
4/20/20
|
3/29/21
|
3/28/22
|
3/20/23
|
4/28/24
|
-
|
-
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net sales
1 |
20,986
|
22,563
|
25,223
|
29,206
|
28,215
|
26,485
|
26,706
|
32,088
|
EBITDA
1 |
1,709
|
1,952
|
2,138
|
1,411
|
1,545
|
2,066
|
2,251
|
2,470
|
EBIT
1 |
878.5
|
1,135
|
1,196
|
656.9
|
541.2
|
891.5
|
972
|
1,095
|
Operating Margin
|
4.19%
|
5.03%
|
4.74%
|
2.25%
|
1.92%
|
3.37%
|
3.64%
|
3.41%
|
Earnings before Tax (EBT)
1 |
792.3
|
1,074
|
1,157
|
699.9
|
497.9
|
816.4
|
920
|
1,040
|
Net income
1 |
341.8
|
498.4
|
607.6
|
592.3
|
360.7
|
967.3
|
574
|
734.6
|
Net margin
|
1.63%
|
2.21%
|
2.41%
|
2.03%
|
1.28%
|
3.65%
|
2.15%
|
2.29%
|
EPS
2 |
0.2800
|
0.4100
|
0.5000
|
0.4800
|
0.2600
|
0.7000
|
0.4775
|
0.5350
|
Free Cash Flow
|
-171.4
|
665.2
|
572.8
|
105.7
|
-440.2
|
-
|
-
|
-
|
FCF margin
|
-0.82%
|
2.95%
|
2.27%
|
0.36%
|
-1.56%
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
-
|
34.07%
|
26.8%
|
7.49%
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
-
|
133.46%
|
94.27%
|
17.85%
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.1000
|
0.1300
|
0.1600
|
0.1600
|
0.0800
|
0.2200
|
0.8350
|
1.095
|
Announcement Date
|
3/25/19
|
4/20/20
|
3/29/21
|
3/28/22
|
3/20/23
|
4/28/24
|
-
|
-
|
Fiscal Period: December |
2020 S2
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
-
|
7,149
|
7,246
|
7,164
|
6,975
|
6,830
|
13,804
|
7,071
|
7,068
|
6,525
|
5,821
|
6,417
|
7,879
|
7,371
|
7,811
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
558.9
|
292.4
|
221.7
|
263.1
|
4.093
|
52.3
|
56.4
|
287.8
|
211.2
|
-135.7
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
4.09%
|
3.06%
|
3.67%
|
0.06%
|
0.77%
|
0.41%
|
4.07%
|
2.99%
|
-2.08%
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
546.7
|
298.5
|
-
|
-
|
-
|
-
|
13.23
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
299.3
|
147.3
|
-
|
-
|
-
|
-
|
79.22
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
2.06%
|
-
|
-
|
-
|
-
|
0.57%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
-
|
0.1200
|
0.1200
|
0.0800
|
0.0700
|
-0.0100
|
-
|
0.1400
|
0.1100
|
-0.0200
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/29/21
|
3/28/22
|
4/29/22
|
8/29/22
|
10/28/22
|
3/20/23
|
3/20/23
|
4/27/23
|
8/28/23
|
10/27/23
|
4/28/24
|
4/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net Debt
|
643
|
463
|
-
|
-
|
578
|
-
|
-
|
-
|
Net Cash position
|
-
|
-
|
4.09
|
539
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.3764
x
|
0.2369
x
|
-
|
-
|
0.374
x
|
-
|
-
|
-
|
Free Cash Flow
|
-171
|
665
|
573
|
106
|
-440
|
-
|
-
|
-
|
ROE (net income / shareholders' equity)
|
6.28%
|
9.03%
|
10.2%
|
9.35%
|
4.57%
|
11.4%
|
6.85%
|
7.66%
|
ROA (Net income/ Total Assets)
|
1.96%
|
2.8%
|
3.2%
|
2.72%
|
1.51%
|
2.3%
|
2.7%
|
3%
|
Assets
1 |
17,419
|
17,788
|
18,975
|
21,809
|
23,951
|
29,163
|
21,259
|
24,487
|
Book Value Per Share
2 |
4.360
|
4.670
|
5.130
|
5.700
|
5.800
|
6.470
|
4.520
|
6.480
|
Cash Flow per Share
2 |
1.190
|
1.970
|
1.760
|
1.670
|
0.4800
|
1.060
|
2.130
|
1.590
|
Capex
1 |
1,625
|
1,745
|
1,586
|
1,953
|
1,107
|
372
|
1,204
|
1,196
|
Capex / Sales
|
7.74%
|
7.73%
|
6.29%
|
6.69%
|
3.92%
|
1.4%
|
4.51%
|
3.73%
|
Announcement Date
|
3/25/19
|
4/20/20
|
3/29/21
|
3/28/22
|
3/20/23
|
4/28/24
|
-
|
-
|
Last Close Price
9.03
CNY Average target price
10.1
CNY Spread / Average Target +11.79% Consensus |
1st Jan change
|
Capi.
|
---|
| +3.44% | 1.72B | | +6.95% | 25.07B | | -19.71% | 8.26B | | -5.30% | 6.75B | | +8.16% | 6.26B | | -3.85% | 5.36B | | -1.21% | 5.21B | | +1.41% | 4.98B | | +17.77% | 4.97B | | +23.61% | 4.59B |
Dairy Products
|