End-of-day quote
Shanghai S.E.
06:00:00 2024-05-30 pm EDT
|
5-day change
|
1st Jan Change
|
24.01
CNY
|
-2.12%
|
|
-1.72%
|
+6.43%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
285,089
|
259,475
|
202,461
|
140,675
|
111,321
|
118,775
|
-
|
-
|
Enterprise Value (EV)
1 |
241,399
|
207,751
|
144,780
|
104,889
|
65,883
|
77,389
|
82,537
|
84,826
|
P/E ratio
|
7.99
x
|
6.16
x
|
5.05
x
|
8.06
x
|
8.32
x
|
9.48
x
|
8.88
x
|
8.49
x
|
Yield
|
3.94%
|
5.19%
|
7.5%
|
-
|
5.85%
|
5.24%
|
5.47%
|
5.73%
|
Capitalization / Revenue
|
1.82
x
|
1.47
x
|
1.21
x
|
1.07
x
|
0.79
x
|
0.86
x
|
0.85
x
|
0.84
x
|
EV / Revenue
|
1.54
x
|
1.18
x
|
0.86
x
|
0.79
x
|
0.47
x
|
0.56
x
|
0.59
x
|
0.6
x
|
EV / EBITDA
|
4.89
x
|
4.02
x
|
2.91
x
|
3.9
x
|
3.2
x
|
3.93
x
|
3.96
x
|
3.8
x
|
EV / FCF
|
7.85
x
|
8.08
x
|
7.5
x
|
-6.27
x
|
13.4
x
|
28.1
x
|
16.3
x
|
11.2
x
|
FCF Yield
|
12.7%
|
12.4%
|
13.3%
|
-16%
|
7.45%
|
3.56%
|
6.15%
|
8.97%
|
Price to Book
|
1.96
x
|
1.34
x
|
0.92
x
|
-
|
0.47
x
|
0.5
x
|
0.48
x
|
0.47
x
|
Nbr of stocks (in thousands)
|
5,299,303
|
5,299,303
|
5,299,303
|
5,299,303
|
5,284,238
|
5,277,060
|
-
|
-
|
Reference price
2 |
50.76
|
40.86
|
31.74
|
24.11
|
16.40
|
17.91
|
17.91
|
17.91
|
Announcement Date
|
3/20/20
|
3/5/21
|
3/25/22
|
3/27/23
|
3/19/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
157,030
|
176,243
|
167,953
|
132,022
|
140,999
|
138,235
|
140,155
|
141,074
|
EBITDA
1 |
49,328
|
51,700
|
49,784
|
26,881
|
20,583
|
19,690
|
20,836
|
22,309
|
EBIT
1 |
44,057
|
46,271
|
43,827
|
20,092
|
13,138
|
12,835
|
13,930
|
14,300
|
Operating Margin
|
28.06%
|
26.25%
|
26.1%
|
15.22%
|
9.32%
|
9.28%
|
9.94%
|
10.14%
|
Earnings before Tax (EBT)
1 |
44,557
|
47,108
|
44,152
|
20,015
|
13,600
|
14,331
|
15,339
|
15,640
|
Net income
1 |
33,593
|
35,130
|
33,267
|
15,661
|
10,430
|
10,290
|
11,747
|
11,936
|
Net margin
|
21.39%
|
19.93%
|
19.81%
|
11.86%
|
7.4%
|
7.44%
|
8.38%
|
8.46%
|
EPS
2 |
6.350
|
6.630
|
6.280
|
2.990
|
1.970
|
1.890
|
2.017
|
2.111
|
Free Cash Flow
1 |
30,738
|
25,717
|
19,313
|
-16,739
|
4,910
|
2,754
|
5,073
|
7,607
|
FCF margin
|
19.57%
|
14.59%
|
11.5%
|
-12.68%
|
3.48%
|
1.99%
|
3.62%
|
5.39%
|
FCF Conversion (EBITDA)
|
62.31%
|
49.74%
|
38.79%
|
-
|
23.85%
|
13.99%
|
24.35%
|
34.1%
|
FCF Conversion (Net income)
|
91.5%
|
73.21%
|
58.05%
|
-
|
47.07%
|
26.77%
|
43.19%
|
63.73%
|
Dividend per Share
2 |
2.000
|
2.120
|
2.380
|
-
|
0.9600
|
0.9384
|
0.9801
|
1.025
|
Announcement Date
|
3/20/20
|
3/5/21
|
3/25/22
|
3/27/23
|
3/19/24
|
-
|
-
|
-
|
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 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
85,387
|
74,007
|
102,236
|
80,433
|
46,242
|
87,520
|
25,462
|
30,814
|
56,276
|
29,052
|
46,693
|
75,746
|
31,368
|
34,068
|
65,436
|
33,607
|
41,956
|
21,328
|
32,938
|
64,750
|
32,492
|
40,564
|
71,919
|
65,553
|
71,038
|
EBITDA
|
-
|
-
|
27,262
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
-
|
25,126
|
19,702
|
14,870
|
24,544
|
6,434
|
6,542
|
12,976
|
3,189
|
4,252
|
6,823
|
2,996
|
5,936
|
-
|
-
|
13,127
|
1,708
|
2,078
|
2,098
|
1,127
|
4,265
|
4,067
|
2,985
|
4,316
|
Operating Margin
|
-
|
-
|
24.58%
|
24.49%
|
32.16%
|
28.04%
|
25.27%
|
21.23%
|
23.06%
|
10.98%
|
9.11%
|
9.01%
|
9.55%
|
17.43%
|
-
|
-
|
31.29%
|
8.01%
|
6.31%
|
3.24%
|
3.47%
|
10.51%
|
5.66%
|
4.55%
|
6.08%
|
Earnings before Tax (EBT)
1 |
-
|
-
|
32,280
|
-
|
14,432
|
-
|
6,684
|
7,440
|
-
|
3,362
|
3,677
|
-
|
-
|
-
|
-
|
-
|
-
|
1,916
|
2,674
|
-
|
1,723
|
4,861
|
-
|
-
|
-
|
Net income
1 |
-
|
-
|
19,060
|
-
|
10,877
|
-
|
4,925
|
4,915
|
-
|
2,579
|
3,242
|
-
|
-
|
4,205
|
6,756
|
2,204
|
1,758
|
1,502
|
2,110
|
-
|
1,266
|
3,762
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
18.64%
|
-
|
23.52%
|
-
|
19.34%
|
15.95%
|
-
|
8.88%
|
6.94%
|
-
|
-
|
12.34%
|
10.32%
|
6.56%
|
4.19%
|
7.04%
|
6.41%
|
-
|
3.9%
|
9.27%
|
-
|
-
|
-
|
EPS
2 |
3.470
|
3.040
|
3.590
|
2.820
|
-
|
3.460
|
-
|
-
|
1.860
|
-
|
-
|
1.130
|
0.4800
|
0.7900
|
-
|
-
|
0.3300
|
-
|
0.5200
|
0.4600
|
0.4900
|
0.4400
|
0.8000
|
0.6200
|
0.8300
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/20/20
|
8/21/20
|
3/5/21
|
8/27/21
|
3/25/22
|
3/25/22
|
4/28/22
|
8/25/22
|
8/25/22
|
10/27/22
|
3/27/23
|
3/27/23
|
4/26/23
|
8/21/23
|
8/21/23
|
10/27/23
|
3/19/24
|
4/26/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
43,690
|
51,723
|
57,681
|
35,787
|
45,438
|
41,387
|
36,238
|
33,949
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
30,738
|
25,717
|
19,313
|
-16,739
|
4,910
|
2,754
|
5,073
|
7,607
|
ROE (net income / shareholders' equity)
|
26.9%
|
23.5%
|
19.3%
|
8.5%
|
5.8%
|
5.55%
|
5.93%
|
5.86%
|
ROA (Net income/ Total Assets)
|
20.5%
|
18.5%
|
15.4%
|
6.34%
|
4.36%
|
3.65%
|
4.56%
|
4.47%
|
Assets
1 |
164,344
|
189,880
|
215,965
|
247,128
|
239,141
|
281,569
|
257,499
|
267,223
|
Book Value Per Share
2 |
25.90
|
30.50
|
34.60
|
-
|
35.00
|
35.80
|
37.10
|
37.90
|
Cash Flow per Share
2 |
7.690
|
6.570
|
6.400
|
-
|
3.600
|
2.660
|
3.360
|
3.750
|
Capex
1 |
10,000
|
9,080
|
14,587
|
26,388
|
14,167
|
14,666
|
15,543
|
13,701
|
Capex / Sales
|
6.37%
|
5.15%
|
8.69%
|
19.99%
|
10.05%
|
10.61%
|
11.09%
|
9.71%
|
Announcement Date
|
3/20/20
|
3/5/21
|
3/25/22
|
3/27/23
|
3/19/24
|
-
|
-
|
-
|
Last Close Price
17.91
CNY Average target price
19.98
CNY Spread / Average Target +11.58% Consensus |
1st Jan change
|
Capi.
|
---|
| +19.33% | 48.99B | | -16.25% | 13.45B | | -10.94% | 10.67B | | +105.28% | 8.33B | | +14.57% | 7.88B | | +40.81% | 7.78B | | -5.31% | 7.64B | | -11.23% | 7.09B | | +20.04% | 5.73B |
Cement & Concrete Manufacturing
|