Financials Hangzhou Shunwang Technology Co,Ltd

Equities

300113

CNE100000SZ4

Internet Services

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
11.35 CNY +7.08% Intraday chart for Hangzhou Shunwang Technology Co,Ltd +9.87% -18.93%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 17,365 11,593 10,980 6,972 9,502 7,703 -
Enterprise Value (EV) 1 15,722 10,721 9,706 5,751 8,128 6,447 6,423
P/E ratio 198 x 132 x 181 x -17.4 x 56 x 46.1 x 38 x
Yield 0.74% 0.47% 0.43% 0.67% 0.57% 1.06% 1.84%
Capitalization / Revenue 11 x 11.1 x 9.61 x 6.2 x 6.63 x 4.41 x 3.72 x
EV / Revenue 10 x 10.3 x 8.5 x 5.12 x 5.67 x 3.69 x 3.1 x
EV / EBITDA 85.7 x 51.9 x 62.5 x -17.4 x 31.7 x 22.6 x 16.6 x
EV / FCF 67,503,134 x - - - - - -
FCF Yield 0% - - - - - -
Price to Book 6.97 x 4.88 x 4.65 x 3.82 x 4.82 x 3.84 x 3.85 x
Nbr of stocks (in thousands) 675,955 675,955 673,209 669,786 678,715 678,715 -
Reference price 2 25.69 17.15 16.31 10.41 14.00 11.35 11.35
Announcement Date 2/27/20 4/25/21 4/27/22 4/21/23 4/22/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,572 1,044 1,142 1,124 1,433 1,745 2,069
EBITDA 1 183.4 206.6 155.3 -330.3 256 284.8 386
EBIT 1 156.2 170.2 117.3 -372.3 217 261.5 354.4
Operating Margin 9.93% 16.3% 10.28% -33.13% 15.14% 14.98% 17.13%
Earnings before Tax (EBT) 1 176.4 159.7 116.6 -372.2 216.4 242 -
Net income 1 85.25 90.89 61.17 -405.9 169.5 171 -
Net margin 5.42% 8.71% 5.36% -36.12% 11.83% 9.8% -
EPS 2 0.1300 0.1300 0.0900 -0.6000 0.2500 0.2461 0.2986
Free Cash Flow 232.9 - - - - - -
FCF margin 14.81% - - - - - -
FCF Conversion (EBITDA) 126.96% - - - - - -
FCF Conversion (Net income) 273.2% - - - - - -
Dividend per Share 2 0.1900 0.0800 0.0700 0.0700 0.0800 0.1198 0.2090
Announcement Date 2/27/20 4/25/21 4/27/22 4/21/23 4/22/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 S1 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 268.7 244.7 513.4 364.4 316.8 427.3 324.4
EBITDA - - - - - - -
EBIT - - - - - - -
Operating Margin - - - - - - -
Earnings before Tax (EBT) - - - - - - -
Net income 31.33 15.44 46.78 40.99 20.95 95.33 -
Net margin 11.66% 6.31% 9.11% 11.25% 6.61% 22.31% -
EPS - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 4/27/22 8/26/22 8/26/22 4/27/23 8/27/23 10/25/23 4/22/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - -
Net Cash position 1 1,644 872 1,274 1,221 1,374 1,256 1,280
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 233 - - - - - -
ROE (net income / shareholders' equity) 3.25% 3.63% 2.51% -18.8% 8.72% 8.44% 10.3%
ROA (Net income/ Total Assets) 2.33% 2.85% 2.07% -15.4% - 6.5% -
Assets 1 3,667 3,193 2,960 2,640 - 2,631 -
Book Value Per Share 2 3.680 3.510 3.510 2.730 2.910 2.950 2.950
Cash Flow per Share 2 0.4000 -0.0400 0.3900 0.1200 0.4200 0.3100 0.3300
Capex 1 43.9 59.2 43.8 79.1 73.8 98 95
Capex / Sales 2.79% 5.67% 3.83% 7.04% 5.15% 5.62% 4.59%
Announcement Date 2/27/20 4/25/21 4/27/22 4/21/23 4/22/24 - -
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
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
2
Last Close Price
11.35 CNY
Average target price
8.6 CNY
Spread / Average Target
-24.23%
Consensus

Quarterly revenue - Rate of surprise

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