End-of-day quote
Shanghai S.E.
06:00:00 2024-04-25 pm EDT
|
5-day change
|
1st Jan Change
|
16.43
CNY
|
+1.61%
|
|
+1.55%
|
+1.36%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
411,329
|
433,557
|
395,541
|
365,419
|
336,751
|
341,322
|
-
|
-
|
Enterprise Value (EV)
1 |
411,329
|
433,557
|
395,541
|
365,419
|
336,751
|
341,322
|
341,322
|
341,322
|
P/E ratio
|
6.39
x
|
6.78
x
|
5.05
x
|
4.19
x
|
4.62
x
|
4.45
x
|
4.21
x
|
4.06
x
|
Yield
|
3.85%
|
3.84%
|
5.44%
|
6.75%
|
6.42%
|
6.52%
|
6.7%
|
6.98%
|
Capitalization / Revenue
|
2.27
x
|
2.13
x
|
1.79
x
|
1.64
x
|
1.6
x
|
1.62
x
|
1.54
x
|
1.5
x
|
EV / Revenue
|
2.27
x
|
2.13
x
|
1.79
x
|
1.64
x
|
1.6
x
|
1.62
x
|
1.54
x
|
1.5
x
|
EV / EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EV / FCF
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Price to Book
|
0.76
x
|
0.82
x
|
0.66
x
|
0.55
x
|
0.47
x
|
0.44
x
|
0.41
x
|
0.38
x
|
Nbr of stocks (in thousands)
|
20,774,191
|
20,774,191
|
20,774,191
|
20,774,244
|
20,774,290
|
20,774,298
|
-
|
-
|
Reference price
2 |
19.80
|
20.87
|
19.04
|
17.59
|
16.21
|
16.43
|
16.43
|
16.43
|
Announcement Date
|
1/15/20
|
1/14/21
|
1/10/22
|
1/30/23
|
3/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
181,308
|
203,137
|
221,236
|
222,374
|
210,831
|
211,271
|
222,023
|
227,993
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
74,266
|
76,547
|
162,209
|
154,782
|
145,318
|
147,109
|
154,957
|
161,210
|
Operating Margin
|
40.96%
|
37.68%
|
73.32%
|
69.6%
|
68.93%
|
69.63%
|
69.79%
|
70.71%
|
Earnings before Tax (EBT)
1 |
74,503
|
76,637
|
95,310
|
106,221
|
84,329
|
87,010
|
93,252
|
95,407
|
Net income
1 |
65,868
|
66,626
|
82,680
|
91,377
|
77,116
|
77,746
|
81,855
|
84,437
|
Net margin
|
36.33%
|
32.8%
|
37.37%
|
41.09%
|
36.58%
|
36.8%
|
36.87%
|
37.03%
|
EPS
2 |
3.100
|
3.080
|
3.770
|
4.200
|
3.510
|
3.692
|
3.905
|
4.046
|
Free Cash Flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.7620
|
0.8020
|
1.035
|
1.188
|
1.040
|
1.071
|
1.100
|
1.147
|
Announcement Date
|
1/15/20
|
1/14/21
|
1/10/22
|
1/30/23
|
3/28/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 Q2
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
108,955
|
57,189
|
59,403
|
56,450
|
115,853
|
55,001
|
51,520
|
106,521
|
55,410
|
55,637
|
-
|
50,249
|
49,535
|
-
|
57,751
|
58,610
|
-
|
51,176
|
50,980
|
-
|
57,272
|
57,272
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
46,334
|
36,393
|
-
|
41,927
|
-
|
-
|
-
|
-
|
-
|
39,600
|
-
|
34,488
|
30,595
|
-
|
43,540
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
42.53%
|
63.64%
|
-
|
74.27%
|
-
|
-
|
-
|
-
|
-
|
71.18%
|
-
|
68.63%
|
61.76%
|
-
|
75.39%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
1 |
-
|
21,558
|
32,337
|
19,836
|
-
|
31,493
|
22,555
|
-
|
29,642
|
19,463
|
-
|
23,888
|
11,336
|
-
|
27,531
|
17,421
|
-
|
30,931
|
30,931
|
-
|
15,066
|
15,066
|
-
|
-
|
Net income
1 |
40,112
|
18,642
|
27,578
|
17,309
|
44,887
|
26,921
|
19,569
|
46,490
|
25,115
|
17,565
|
-
|
22,285
|
12,151
|
-
|
24,336
|
10,572
|
-
|
29,525
|
28,106
|
-
|
11,485
|
8,692
|
-
|
-
|
Net margin
|
36.82%
|
32.6%
|
46.43%
|
30.66%
|
38.74%
|
48.95%
|
37.98%
|
43.64%
|
45.33%
|
31.57%
|
-
|
44.35%
|
24.53%
|
-
|
42.14%
|
18.04%
|
-
|
57.69%
|
55.13%
|
-
|
20.05%
|
15.18%
|
-
|
-
|
EPS
2 |
-
|
0.8200
|
1.230
|
0.6400
|
-
|
1.190
|
0.8000
|
-
|
1.110
|
0.6600
|
1.770
|
0.9900
|
0.7500
|
1.740
|
1.080
|
0.9200
|
2.050
|
1.120
|
0.6700
|
1.750
|
0.5529
|
0.4184
|
2.170
|
1.870
|
Dividend per Share
2 |
-
|
1.035
|
-
|
-
|
-
|
-
|
1.188
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.5576
|
0.5576
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
8/26/21
|
1/10/22
|
4/28/22
|
8/26/22
|
8/26/22
|
10/28/22
|
1/30/23
|
1/30/23
|
4/28/23
|
8/30/23
|
8/30/23
|
10/30/23
|
3/28/24
|
3/28/24
|
4/25/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
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)
|
14%
|
12.6%
|
13.9%
|
13.9%
|
10.6%
|
9.96%
|
9.94%
|
9.53%
|
ROA (Net income/ Total Assets)
|
0.95%
|
0.89%
|
1%
|
1.02%
|
-
|
0.74%
|
0.74%
|
0.69%
|
Assets
1 |
6,926,183
|
7,519,865
|
8,247,382
|
8,937,500
|
-
|
10,571,248
|
11,094,934
|
12,274,753
|
Book Value Per Share
2 |
26.10
|
25.50
|
28.80
|
31.80
|
34.20
|
37.70
|
40.50
|
43.40
|
Cash Flow per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex / Sales
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
1/15/20
|
1/14/21
|
1/10/22
|
1/30/23
|
3/28/24
|
-
|
-
|
-
|
Last Close Price
16.43
CNY Average target price
17.35
CNY Spread / Average Target +5.62% Consensus |
1st Jan change
|
Capi.
|
---|
| +1.36% | 47.1B | | +16.61% | 210B | | +2.39% | 73.14B | | +7.99% | 54.82B | | +13.25% | 47B | | +19.29% | 44.81B | | +10.93% | 36.6B | | -16.21% | 35.14B | | -96.60% | 32.24B | | +6.99% | 25.23B |
Commercial Banks
|