Market Closed -
Hong Kong S.E.
04:08:10 2024-05-21 am EDT
|
5-day change
|
1st Jan Change
|
15.52
HKD
|
-2.27%
|
|
-9.87%
|
+17.75%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
20,261
|
72,372
|
112,855
|
63,939
|
56,223
|
52,589
|
-
|
-
|
Enterprise Value (EV)
1 |
21,958
|
73,172
|
113,840
|
72,882
|
63,185
|
63,233
|
62,144
|
60,164
|
P/E ratio
|
12.4
x
|
33.9
x
|
32.6
x
|
16.8
x
|
9.66
x
|
9.24
x
|
7.51
x
|
6.47
x
|
Yield
|
-
|
0.55%
|
-
|
-
|
3.17%
|
3.5%
|
4.06%
|
4.87%
|
Capitalization / Revenue
|
4.22
x
|
11.6
x
|
13
x
|
4.14
x
|
2.61
x
|
2.21
x
|
1.74
x
|
1.53
x
|
EV / Revenue
|
4.57
x
|
11.7
x
|
13.1
x
|
4.71
x
|
2.94
x
|
2.66
x
|
2.06
x
|
1.75
x
|
EV / EBITDA
|
18.7
x
|
32.3
x
|
37.7
x
|
21.1
x
|
11.7
x
|
9.51
x
|
7.69
x
|
6.41
x
|
EV / FCF
|
-28.3
x
|
-308
x
|
-35.7
x
|
-9.24
x
|
-17.4
x
|
-37.7
x
|
72.2
x
|
36.2
x
|
FCF Yield
|
-3.53%
|
-0.32%
|
-2.8%
|
-10.8%
|
-5.73%
|
-2.66%
|
1.39%
|
2.76%
|
Price to Book
|
1.84
x
|
7.41
x
|
5.87
x
|
2.55
x
|
1.2
x
|
1.31
x
|
1.18
x
|
1.02
x
|
Nbr of stocks (in thousands)
|
1,950,000
|
1,954,600
|
2,146,893
|
2,146,894
|
2,351,324
|
2,340,998
|
-
|
-
|
Reference price
2 |
4.602
|
27.48
|
32.27
|
16.67
|
11.98
|
14.39
|
14.39
|
14.39
|
Announcement Date
|
3/26/20
|
3/29/21
|
3/21/22
|
3/27/23
|
3/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
4,807
|
6,260
|
8,713
|
15,461
|
21,524
|
23,809
|
30,163
|
34,330
|
EBITDA
1 |
1,174
|
2,265
|
3,017
|
3,462
|
5,385
|
6,646
|
8,077
|
9,389
|
EBIT
1 |
880.6
|
1,865
|
2,382
|
2,155
|
3,674
|
4,353
|
5,369
|
6,462
|
Operating Margin
|
18.32%
|
29.79%
|
27.33%
|
13.94%
|
17.07%
|
18.28%
|
17.8%
|
18.82%
|
Earnings before Tax (EBT)
1 |
862.7
|
1,874
|
2,380
|
2,153
|
3,052
|
4,065
|
5,236
|
6,266
|
Net income
1 |
717.2
|
1,629
|
2,120
|
2,123
|
2,760
|
3,675
|
4,634
|
5,555
|
Net margin
|
14.92%
|
26.02%
|
24.33%
|
13.73%
|
12.82%
|
15.44%
|
15.36%
|
16.18%
|
EPS
2 |
0.3700
|
0.8100
|
0.9900
|
0.9900
|
1.240
|
1.557
|
1.916
|
2.225
|
Free Cash Flow
1 |
-775
|
-237.3
|
-3,189
|
-7,884
|
-3,623
|
-1,679
|
861.2
|
1,663
|
FCF margin
|
-16.12%
|
-3.79%
|
-36.6%
|
-51%
|
-16.83%
|
-7.05%
|
2.86%
|
4.84%
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
10.66%
|
17.71%
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
18.58%
|
29.94%
|
Dividend per Share
2 |
-
|
0.1500
|
-
|
-
|
0.3800
|
0.5036
|
0.5837
|
0.7009
|
Announcement Date
|
3/26/20
|
3/29/21
|
3/21/22
|
3/27/23
|
3/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
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 |
2,496
|
-
|
4,028
|
2,376
|
3,509
|
3,796
|
-
|
3,910
|
4,246
|
5,365
|
4,313
|
6,206
|
5,639
|
5,726
|
5,942
|
6,333
|
7,014
|
-
|
-
|
EBITDA
1 |
804.6
|
-
|
1,695
|
550.8
|
655.4
|
929.6
|
-
|
690.5
|
1,469
|
-
|
-
|
-
|
-
|
-
|
1,825
|
1,825
|
1,596
|
-
|
-
|
EBIT
|
599.5
|
-
|
1,398
|
437.2
|
495.4
|
602.2
|
-
|
552.7
|
504.9
|
560
|
663.9
|
1,124
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
24.02%
|
-
|
34.71%
|
18.4%
|
14.12%
|
15.87%
|
-
|
14.13%
|
11.89%
|
10.44%
|
15.39%
|
18.11%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
1 |
565.3
|
-
|
1,446
|
432
|
495.4
|
602
|
-
|
552.7
|
502.8
|
560.4
|
624.1
|
1,025
|
842.5
|
861.5
|
1,137
|
1,137
|
904.7
|
-
|
-
|
Net income
1 |
460.8
|
1,168
|
1,261
|
403.1
|
436.7
|
566
|
1,003
|
501.5
|
618.5
|
511.5
|
573.9
|
883.7
|
790.6
|
759.9
|
1,040
|
1,040
|
813
|
-
|
-
|
Net margin
|
18.46%
|
-
|
31.31%
|
16.96%
|
12.45%
|
14.91%
|
-
|
12.83%
|
14.57%
|
9.53%
|
13.31%
|
14.24%
|
14.02%
|
13.27%
|
17.5%
|
16.42%
|
11.59%
|
-
|
-
|
EPS
2 |
-
|
-
|
-
|
0.1900
|
0.2000
|
0.2400
|
-
|
0.2200
|
0.3000
|
0.2400
|
0.2700
|
0.3900
|
0.3400
|
-
|
0.4423
|
0.4424
|
0.3458
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.2380
|
-
|
-
|
-
|
-
|
-
|
0.6214
|
-
|
-
|
Announcement Date
|
8/4/20
|
3/29/21
|
8/9/21
|
3/21/22
|
4/27/22
|
8/25/22
|
8/25/22
|
10/27/22
|
3/27/23
|
4/24/23
|
8/28/23
|
10/31/23
|
3/26/24
|
4/29/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
1,697
|
800
|
986
|
8,943
|
6,962
|
10,644
|
9,554
|
7,575
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.446
x
|
0.3531
x
|
0.3268
x
|
2.584
x
|
1.293
x
|
1.601
x
|
1.183
x
|
0.8067
x
|
Free Cash Flow
1 |
-775
|
-237
|
-3,189
|
-7,884
|
-3,623
|
-1,679
|
861
|
1,663
|
ROE (net income / shareholders' equity)
|
17.5%
|
29%
|
22.3%
|
16%
|
15.5%
|
15.3%
|
17%
|
17.6%
|
ROA (Net income/ Total Assets)
|
8.78%
|
15%
|
13.1%
|
8.09%
|
7.32%
|
7.47%
|
8.17%
|
8.45%
|
Assets
1 |
8,173
|
10,829
|
16,174
|
26,232
|
37,682
|
49,225
|
56,730
|
65,729
|
Book Value Per Share
2 |
2.510
|
3.710
|
5.500
|
6.550
|
9.960
|
11.00
|
12.20
|
14.10
|
Cash Flow per Share
2 |
0.2700
|
0.8700
|
0.2700
|
0.8300
|
0.8800
|
2.320
|
3.070
|
3.430
|
Capex
1 |
1,285
|
1,939
|
3,769
|
8,061
|
5,591
|
5,837
|
4,911
|
4,461
|
Capex / Sales
|
26.74%
|
30.96%
|
43.25%
|
52.14%
|
25.97%
|
24.51%
|
16.28%
|
12.99%
|
Announcement Date
|
3/26/20
|
3/29/21
|
3/21/22
|
3/27/23
|
3/26/24
|
-
|
-
|
-
|
Last Close Price
14.39
CNY Average target price
21.77
CNY Spread / Average Target +51.30% Consensus |
1st Jan change
|
Capi.
|
---|
| +17.75% | 7.33B | | +23.12% | 21.02B | | -20.09% | 19.38B | | -15.62% | 15.44B | | -14.30% | 13.59B | | -16.82% | 10.37B | | -19.14% | 7.15B | | -33.78% | 6.36B | | +12.72% | 6.08B | | +0.43% | 6.06B |
Photovoltaic Solar Systems & Equipment
|