Financials Jiangsu Zhongtian Technology Co., Ltd.

Equities

600522

CNE000001CW4

Communications & Networking

End-of-day quote Shanghai S.E. 06:00:00 2024-05-07 pm EDT 5-day change 1st Jan Change
13.94 CNY +0.72% Intraday chart for Jiangsu Zhongtian Technology Co., Ltd. +2.73% +11.61%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,038 32,700 57,044 55,119 42,628 47,344 - -
Enterprise Value (EV) 1 25,038 27,783 50,043 46,547 32,754 35,592 33,237 29,290
P/E ratio 13.2 x 15.5 x 298 x 17.1 x 13.7 x 12.4 x 9.53 x 8.75 x
Yield 1.2% 0.92% 0.59% 0.62% 1.76% 3.26% 2.39% 4.45%
Capitalization / Revenue 0.65 x 0.74 x 1.24 x 1.37 x 0.95 x 0.89 x 0.79 x 0.68 x
EV / Revenue 0.65 x 0.63 x 1.08 x 1.16 x 0.73 x 0.67 x 0.55 x 0.42 x
EV / EBITDA 7.62 x 7.22 x 27.5 x 9.23 x 6.54 x 6.06 x 4.61 x 3.8 x
EV / FCF - - -27.7 x 17.5 x 14 x 17.2 x 14.4 x 8.65 x
FCF Yield - - -3.62% 5.72% 7.14% 5.83% 6.93% 11.6%
Price to Book 1.2 x 1.46 x 2.15 x 1.84 x 1.29 x 1.31 x 1.18 x 1.07 x
Nbr of stocks (in thousands) 3,016,577 3,016,642 3,363,445 3,412,950 3,412,950 3,396,300 - -
Reference price 2 8.300 10.84 16.96 16.15 12.49 13.94 13.94 13.94
Announcement Date 4/30/20 3/4/21 4/29/22 4/10/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 38,771 44,066 46,163 40,271 45,065 53,245 60,075 69,353
EBITDA 1 3,287 3,849 1,822 5,042 5,012 5,870 7,216 7,703
EBIT 1 2,325 2,742 266.8 3,905 3,800 4,593 6,002 6,444
Operating Margin 6% 6.22% 0.58% 9.7% 8.43% 8.63% 9.99% 9.29%
Earnings before Tax (EBT) 1 2,303 2,756 257.9 3,909 3,761 4,572 5,996 6,447
Net income 1 1,969 2,275 172.1 3,214 3,117 3,781 4,938 5,296
Net margin 5.08% 5.16% 0.37% 7.98% 6.92% 7.1% 8.22% 7.64%
EPS 2 0.6290 0.7010 0.0570 0.9420 0.9130 1.122 1.463 1.593
Free Cash Flow 1 - - -1,809 2,664 2,338 2,074 2,303 3,386
FCF margin - - -3.92% 6.61% 5.19% 3.9% 3.83% 4.88%
FCF Conversion (EBITDA) - - - 52.84% 46.64% 35.33% 31.91% 43.96%
FCF Conversion (Net income) - - - 82.89% 75% 54.86% 46.64% 63.93%
Dividend per Share 2 0.1000 0.1000 0.1000 0.1000 0.2200 0.4550 0.3333 0.6200
Announcement Date 4/30/20 3/4/21 4/29/22 4/10/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2020 S2 2021 Q4 2021 S2 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 20,895 23,171 8,770 21,787 11,076 20,229 8,275 11,868 12,608 12,314 8,242 13,585 11,565 13,993
EBITDA - - - - - - - - - - - - - -
EBIT - 1,363 -323.4 -292.6 949.5 1,735 - - - - - - - -
Operating Margin - 5.88% -3.69% -1.34% 8.57% 8.58% - - - - - - - -
Earnings before Tax (EBT) - 1,372 -325.3 -301.5 948.3 1,738 - - - - - - - -
Net income 1,080 1,195 -315.6 -72.73 743.7 1,390 - - - - - - - -
Net margin 5.17% 5.16% -3.6% -0.33% 6.71% 6.87% - - - - - - - -
EPS - 0.3430 -0.1200 -0.0300 0.2200 0.4100 - - - - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 8/30/20 3/4/21 4/29/22 4/29/22 4/10/23 4/10/23 4/25/23 8/29/23 10/30/23 4/25/24 4/25/24 - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 4,917 7,001 8,572 9,874 11,753 14,108 18,054
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - -1,809 2,664 2,338 2,074 2,303 3,386
ROE (net income / shareholders' equity) 9.7% 10.1% 0.73% 11.2% 9.84% 10.8% 12.3% 12.2%
ROA (Net income/ Total Assets) 5.46% 5.2% 0.37% 6.78% - 6.6% 7.75% -
Assets 1 36,101 43,727 46,386 47,380 - 57,282 63,679 -
Book Value Per Share 2 6.930 7.450 7.890 8.790 9.720 10.60 11.80 13.00
Cash Flow per Share 2 0.9400 0.8400 -0.1600 1.340 1.330 1.130 1.780 0.5900
Capex 1 1,546 1,121 1,262 1,901 2,203 2,097 1,364 1,715
Capex / Sales 3.99% 2.54% 2.73% 4.72% 4.89% 3.94% 2.27% 2.47%
Announcement Date 4/30/20 3/4/21 4/29/22 4/10/23 4/25/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
13.94 CNY
Average target price
17.75 CNY
Spread / Average Target
+27.35%
Consensus
  1. Stock Market
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  3. 600522 Stock
  4. Financials Jiangsu Zhongtian Technology Co., Ltd.
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