Market Closed -
Hong Kong S.E.
04:09:00 2024-05-03 am EDT
|
5-day change
|
1st Jan Change
|
4.26
HKD
|
+0.24%
|
|
-0.47%
|
+22.41%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
132,699
|
97,704
|
116,073
|
109,051
|
104,118
|
122,875
|
-
|
-
|
Enterprise Value (EV)
1 |
352,687
|
380,588
|
449,475
|
466,171
|
503,976
|
514,044
|
486,945
|
489,953
|
P/E ratio
|
4.89
x
|
3.06
x
|
3.32
x
|
2.91
x
|
2.18
x
|
2.53
x
|
2.32
x
|
2.08
x
|
Yield
|
4.1%
|
6.42%
|
5.9%
|
-
|
9.25%
|
8.14%
|
8.59%
|
10.1%
|
Capitalization / Revenue
|
0.24
x
|
0.16
x
|
0.17
x
|
0.15
x
|
0.14
x
|
0.15
x
|
0.14
x
|
0.13
x
|
EV / Revenue
|
0.64
x
|
0.61
x
|
0.66
x
|
0.65
x
|
0.66
x
|
0.63
x
|
0.54
x
|
0.53
x
|
EV / EBITDA
|
9.43
x
|
10.5
x
|
9.63
x
|
10.9
x
|
10.6
x
|
9.42
x
|
7.87
x
|
8.37
x
|
EV / FCF
|
-6.26
x
|
-5.29
x
|
-9.31
x
|
-14.8
x
|
-19.9
x
|
137
x
|
14.9
x
|
-35.1
x
|
FCF Yield
|
-16%
|
-18.9%
|
-10.7%
|
-6.74%
|
-5.02%
|
0.73%
|
6.72%
|
-2.85%
|
Price to Book
|
0.4
x
|
0.19
x
|
0.21
x
|
-
|
0.17
x
|
0.2
x
|
0.19
x
|
0.17
x
|
Nbr of stocks (in thousands)
|
16,174,735
|
16,165,711
|
16,165,711
|
16,165,711
|
16,263,661
|
16,278,611
|
-
|
-
|
Reference price
2 |
5.675
|
2.820
|
3.455
|
3.312
|
3.163
|
3.947
|
3.947
|
3.947
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/30/22
|
3/30/23
|
3/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
554,792
|
627,586
|
685,639
|
720,275
|
758,676
|
814,850
|
899,288
|
929,114
|
EBITDA
1 |
37,392
|
36,142
|
46,680
|
42,937
|
47,767
|
54,573
|
61,908
|
58,530
|
EBIT
1 |
26,593
|
25,383
|
28,489
|
30,945
|
36,383
|
41,695
|
43,565
|
48,996
|
Operating Margin
|
4.79%
|
4.04%
|
4.16%
|
4.3%
|
4.8%
|
5.12%
|
4.84%
|
5.27%
|
Earnings before Tax (EBT)
1 |
26,714
|
25,450
|
28,744
|
30,968
|
36,364
|
39,726
|
43,210
|
46,622
|
Net income
1 |
20,108
|
16,206
|
17,993
|
19,104
|
23,812
|
25,442
|
27,485
|
29,706
|
Net margin
|
3.62%
|
2.58%
|
2.62%
|
2.65%
|
3.14%
|
3.12%
|
3.06%
|
3.2%
|
EPS
2 |
1.160
|
0.9200
|
1.040
|
1.140
|
1.450
|
1.563
|
1.699
|
1.901
|
Free Cash Flow
1 |
-56,382
|
-71,985
|
-48,268
|
-31,401
|
-25,313
|
3,764
|
32,713
|
-13,953
|
FCF margin
|
-10.16%
|
-11.47%
|
-7.04%
|
-4.36%
|
-3.34%
|
0.46%
|
3.64%
|
-1.5%
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
6.9%
|
52.84%
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
14.79%
|
119.02%
|
-
|
Dividend per Share
2 |
0.2328
|
0.1809
|
0.2037
|
-
|
0.2925
|
0.3213
|
0.3392
|
0.3974
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/30/22
|
3/30/23
|
3/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
---|
Net sales
1 |
313,455
|
245,410
|
379,085
|
340,627
|
169,422
|
341,972
|
172,095
|
191,828
|
363,924
|
178,055
|
178,296
|
353,549
|
176,591
|
189,197
|
181,913
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
-
|
-
|
15,002
|
5,652
|
19,537
|
8,008
|
9,119
|
21,057
|
7,534
|
6,283
|
12,659
|
8,470
|
9,066
|
7,629
|
Operating Margin
|
-
|
-
|
-
|
4.4%
|
3.34%
|
5.71%
|
4.65%
|
4.75%
|
5.79%
|
4.23%
|
3.52%
|
3.58%
|
4.8%
|
4.79%
|
4.19%
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
2 |
0.6800
|
0.2800
|
0.6400
|
0.5600
|
-
|
0.4000
|
-
|
-
|
0.6400
|
-
|
0.2300
|
0.5000
|
0.3200
|
0.4000
|
0.2800
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/31/20
|
8/28/20
|
3/30/21
|
8/30/21
|
3/30/22
|
3/30/22
|
4/28/22
|
8/30/22
|
8/30/22
|
10/28/22
|
3/30/23
|
3/30/23
|
4/28/23
|
8/28/23
|
10/30/23
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
219,975
|
285,867
|
333,401
|
357,120
|
399,858
|
391,169
|
364,071
|
367,079
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
4.751
x
|
6.115
x
|
7.142
x
|
8.317
x
|
8.371
x
|
7.059
x
|
5.881
x
|
6.272
x
|
Free Cash Flow
1 |
-57,828
|
-34,965
|
-48,268
|
-31,401
|
-25,313
|
3,764
|
32,713
|
-13,953
|
ROE (net income / shareholders' equity)
|
9.4%
|
7.12%
|
7.26%
|
7.54%
|
8.87%
|
8.11%
|
8.04%
|
8.42%
|
ROA (Net income/ Total Assets)
|
1.93%
|
1.36%
|
1.36%
|
1.32%
|
1.55%
|
1.65%
|
1.56%
|
1.78%
|
Assets
1 |
1,040,439
|
1,213,807
|
1,321,078
|
1,451,219
|
1,540,806
|
1,546,346
|
1,758,095
|
1,672,944
|
Book Value Per Share
2 |
14.20
|
15.20
|
16.10
|
-
|
18.70
|
19.60
|
21.20
|
23.10
|
Cash Flow per Share
2 |
0.3700
|
0.8600
|
-0.7800
|
-
|
0.7500
|
3.670
|
3.670
|
3.980
|
Capex
1 |
63,706
|
48,816
|
35,625
|
31,844
|
37,387
|
22,447
|
29,498
|
27,797
|
Capex / Sales
|
11.53%
|
7.82%
|
5.2%
|
4.42%
|
4.93%
|
2.75%
|
3.28%
|
2.99%
|
Announcement Date
|
3/31/20
|
3/30/21
|
3/30/22
|
3/30/23
|
3/28/24
|
-
|
-
|
-
|
Last Close Price
3.947
CNY Average target price
5.22
CNY Spread / Average Target +32.27% Consensus |
1st Jan change
|
Capi.
|
---|
| +22.41% | 16.98B | | -2.51% | 68.13B | | -0.79% | 57.68B | | +18.78% | 37.52B | | +11.43% | 30.83B | | +3.63% | 27B | | +15.67% | 20.73B | | +15.36% | 19.52B | | +68.84% | 17.1B | | +11.43% | 14.83B |
Other Construction & Engineering
|