Financials Luoyang Jianlong Micro-nano New Material Co., Ltd

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-19 pm EDT			5-day change	1st Jan Change
36.32 ^CNY	+2.77%		+0.55%	-29.73%

Apr. 18	Luoyang Jianlong Micro-nano New Material Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Feb. 23	Luoyang Jianlong Micro-nano New Material Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,745	3,703	11,131	6,593	4,302	3,028	-	-
Enterprise Value (EV) ¹	2,745	3,703	11,131	6,593	4,302	3,028	3,028	3,028
P/E ratio	24.6 x	29.1 x	40.6 x	33.2 x	30.1 x	16.3 x	8.56 x	11.3 x
Yield	-	1.09%	0.78%	0.9%	1.16%	2.92%	3.72%	-
Capitalization / Revenue	6.76 x	8.2 x	12.7 x	7.72 x	4.42 x	2.7 x	1.87 x	2.21 x
EV / Revenue	6.76 x	8.2 x	12.7 x	7.72 x	4.42 x	2.7 x	1.87 x	2.21 x
EV / EBITDA	-	21.8 x	33.2 x	24.6 x	18.3 x	9.43 x	6.59 x	6.35 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	3.8 x	9.09 x	4.26 x	2.6 x	1.58 x	1.35 x	1.32 x
Nbr of stocks (in thousands)	80,948	80,948	81,191	83,230	83,230	83,382	-	-
Reference price ²	33.91	45.74	137.1	79.21	51.69	36.32	36.32	36.32
Announcement Date	2/24/20	2/17/21	2/25/22	2/14/23	2/24/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	406	451.6	877.6	853.8	972.2	1,123	1,624	1,371
EBITDA ¹	-	169.9	335.7	268.5	234.8	321	459.7	477
EBIT ¹	-	147.1	303.3	223.9	176.2	211	400.8	305
Operating Margin	-	32.58%	34.55%	26.23%	18.13%	18.78%	24.69%	22.25%
Earnings before Tax (EBT) ¹	-	148.3	317.8	215.7	174.7	211	399.7	305
Net income ¹	-	127.4	275.4	197.9	153	186	352.9	268.2
Net margin	-	28.21%	31.38%	23.17%	15.74%	16.56%	21.74%	19.56%
EPS ²	1.379	1.571	3.379	2.386	1.720	2.230	4.244	3.220
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	0.5000	1.071	0.7143	0.6000	1.060	1.350	-
Announcement Date	2/24/20	2/17/21	2/25/22	2/14/23	2/24/24	-	-	-

¹CNY in Million²CNY

Estimates

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)	-	13.9%	24.2%	13.9%	9.06%	15.1%	17.2%	-
ROA (Net income/ Total Assets)	-	10.9%	19.2%	10.1%	-	6.3%	9.55%	8%
Assets ¹	-	1,170	1,432	1,951	-	2,953	3,696	3,352
Book Value Per Share ²	-	12.00	15.10	18.60	19.90	23.00	26.80	27.40
Cash Flow per Share ²	-	1.570	4.760	-0.3900	-1.170	2.920	6.160	-
Capex ¹	-	95.2	286	184	104	250	304	300
Capex / Sales	-	21.09%	32.6%	21.5%	10.68%	22.25%	18.7%	21.89%
Announcement Date	2/24/20	2/17/21	2/25/22	2/14/23	2/24/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

36.32 CNY

Average target price

54.5 CNY

Spread / Average Target

+50.06%

	1st Jan change	Capi.
LUOYANG JIANLONG MICRO-NANO NEW MATERIAL CO., LTD	-29.73%	419M
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SABIC	-6.35%	62.52B
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WANHUA CHEMICAL GROUP CO., LTD.	+16.94%	38.99B
LYONDELLBASELL INDUSTRIES N.V.	+5.28%	32.59B
WESTLAKE CORPORATION	+14.48%	20.6B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+15.10%	17.19B
HENGLI PETROCHEMICAL CO.,LTD.	+18.07%	15.13B
RONGSHENG PETROCHEMICAL CO., LTD.	+4.83%	14.36B