Market Closed -
Hong Kong S.E.
04:08:11 2024-05-08 am EDT
|
5-day change
|
1st Jan Change
|
4.29
HKD
|
-0.46%
|
|
+1.42%
|
+12.30%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,050,257
|
1,712,192
|
1,559,687
|
1,476,442
|
1,591,798
|
1,802,806
|
-
|
-
|
Enterprise Value (EV)
1 |
2,050,257
|
1,712,192
|
1,559,687
|
1,476,442
|
1,591,798
|
1,802,806
|
1,802,806
|
1,802,806
|
P/E ratio
|
6.23
x
|
4.92
x
|
3.77
x
|
3.66
x
|
3.54
x
|
3.99
x
|
3.88
x
|
3.73
x
|
Yield
|
4.9%
|
6.21%
|
8.18%
|
8.55%
|
8.82%
|
7.76%
|
7.99%
|
8.26%
|
Capitalization / Revenue
|
2.4
x
|
1.94
x
|
1.81
x
|
1.75
x
|
1.97
x
|
2.25
x
|
2.13
x
|
2.1
x
|
EV / Revenue
|
2.4
x
|
1.94
x
|
1.81
x
|
1.75
x
|
1.97
x
|
2.25
x
|
2.13
x
|
2.1
x
|
EV / EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EV / FCF
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Price to Book
|
0.77
x
|
0.57
x
|
0.44
x
|
0.4
x
|
0.36
x
|
0.38
x
|
0.36
x
|
0.34
x
|
Nbr of stocks (in thousands)
|
356,406,257
|
356,406,257
|
356,406,257
|
356,406,257
|
356,406,257
|
356,406,257
|
-
|
-
|
Reference price
2 |
5.362
|
4.234
|
3.585
|
3.550
|
3.472
|
3.966
|
3.966
|
3.966
|
Announcement Date
|
3/27/20
|
3/26/21
|
3/30/22
|
3/30/23
|
3/27/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
855,164
|
882,665
|
860,880
|
841,441
|
806,458
|
801,144
|
845,752
|
860,106
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
568,226
|
391,382
|
624,653
|
600,557
|
567,760
|
536,616
|
572,158
|
611,841
|
Operating Margin
|
66.45%
|
44.34%
|
72.56%
|
71.37%
|
70.4%
|
66.98%
|
67.65%
|
71.14%
|
Earnings before Tax (EBT)
1 |
391,789
|
392,126
|
424,899
|
422,565
|
421,966
|
421,002
|
440,830
|
452,861
|
Net income
1 |
307,699
|
315,906
|
338,731
|
360,483
|
363,993
|
355,362
|
370,001
|
380,351
|
Net margin
|
35.98%
|
35.79%
|
39.35%
|
42.84%
|
45.13%
|
44.36%
|
43.75%
|
44.22%
|
EPS
2 |
0.8600
|
0.8600
|
0.9500
|
0.9700
|
0.9800
|
0.9928
|
1.023
|
1.063
|
Free Cash Flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.2628
|
0.2628
|
0.2933
|
0.3035
|
0.3064
|
0.3079
|
0.3169
|
0.3275
|
Announcement Date
|
3/27/20
|
3/26/21
|
3/30/22
|
3/30/23
|
3/27/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
381,799
|
402,346
|
426,406
|
216,985
|
-
|
216,930
|
443,788
|
-
|
190,322
|
-
|
210,445
|
-
|
194,614
|
182,938
|
210,165
|
196,575
|
-
|
189,542
|
175,893
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
261,177
|
314,421
|
331,415
|
130,651
|
-
|
159,415
|
340,615
|
-
|
112,308
|
-
|
153,019
|
-
|
134,997
|
109,236
|
161,580
|
143,594
|
-
|
131,902
|
105,787
|
-
|
-
|
-
|
Operating Margin
|
68.41%
|
78.15%
|
77.72%
|
60.21%
|
-
|
73.49%
|
76.75%
|
-
|
59.01%
|
-
|
72.71%
|
-
|
69.37%
|
59.71%
|
76.88%
|
73.05%
|
-
|
69.59%
|
60.14%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
182,580
|
189,351
|
-
|
-
|
-
|
-
|
-
|
-
|
100,388
|
-
|
97,069
|
-
|
110,590
|
107,721
|
102,455
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
139,768
|
148,790
|
163,473
|
-
|
-
|
-
|
-
|
-
|
94,661
|
-
|
83,580
|
-
|
94,929
|
95,320
|
87,653
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
36.61%
|
36.98%
|
38.34%
|
-
|
-
|
-
|
-
|
-
|
49.74%
|
-
|
39.72%
|
-
|
48.78%
|
52.11%
|
41.71%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
-
|
-
|
-
|
0.2600
|
0.2500
|
-
|
-
|
0.2400
|
0.2600
|
0.2500
|
0.2300
|
0.4800
|
0.2400
|
0.2600
|
0.2400
|
-
|
0.4900
|
-
|
-
|
0.5400
|
0.5000
|
0.5600
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/27/20
|
8/30/20
|
8/27/21
|
3/30/22
|
4/29/22
|
8/30/22
|
8/30/22
|
10/28/22
|
3/30/23
|
4/28/23
|
8/30/23
|
8/30/23
|
10/27/23
|
3/27/24
|
4/29/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
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)
|
13.1%
|
12%
|
12.2%
|
11.4%
|
10.7%
|
9.53%
|
9.54%
|
9.1%
|
ROA (Net income/ Total Assets)
|
1.08%
|
1%
|
1.02%
|
0.97%
|
0.87%
|
0.77%
|
0.73%
|
0.67%
|
Assets
1 |
28,490,648
|
31,717,470
|
33,208,922
|
37,163,196
|
41,838,276
|
46,143,757
|
50,676,679
|
56,474,612
|
Book Value Per Share
2 |
6.930
|
7.480
|
8.150
|
8.810
|
9.550
|
10.30
|
11.00
|
11.80
|
Cash Flow per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex / Sales
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/27/20
|
3/26/21
|
3/30/22
|
3/30/23
|
3/27/24
|
-
|
-
|
-
|
Last Close Price
3.966
CNY Average target price
4.516
CNY Spread / Average Target +13.86% Consensus |
1st Jan change
|
Capi.
|
---|
| +12.30% | 250B | | +15.02% | 551B | | +12.00% | 296B | | +24.40% | 210B | | +11.83% | 171B | | +20.13% | 169B | | +13.42% | 166B | | +4.40% | 143B | | -13.26% | 137B | | +7.10% | 132B |
Other Banks
|