Financials Jinhong Fashion Group Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-08 pm EDT			5-day change	1st Jan Change
10.25 ^CNY	+1.18%		-1.63%	+2.30%

Apr. 25	Jinhong Fashion Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
2023	Jinhong Fashion Group Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,784	1,297	3,471	2,282	3,432	3,509	-	-
Enterprise Value (EV) ¹	1,784	1,297	3,471	2,282	3,432	3,509	3,509	3,509
P/E ratio	16.8 x	-2.06 x	14.9 x	26.8 x	12.1 x	9.61 x	8.01 x	6.83 x
Yield	-	-	-	-	2.59%	3.17%	3.85%	4.39%
Capitalization / Revenue	0.61 x	-	0.8 x	-	0.76 x	0.69 x	0.61 x	0.57 x
EV / Revenue	0.61 x	-	0.8 x	-	0.76 x	0.69 x	0.61 x	0.57 x
EV / EBITDA	-	-	9.16 x	-	6.57 x	4.21 x	4.4 x	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	0.69 x	-	1.42 x	-	1.04 x	0.97 x	0.88 x	0.81 x
Nbr of stocks (in thousands)	252,372	252,398	287,565	340,578	342,482	342,343	-	-
Reference price ²	7.070	5.140	12.07	6.700	10.02	10.25	10.25	10.25
Announcement Date	4/28/20	4/29/21	3/9/22	4/26/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,913	-	4,324	-	4,545	5,092	5,795	6,179
EBITDA ¹	-	-	378.9	-	522.7	833	797.2	-
EBIT ¹	130.8	-	283.5	-	398.8	486.9	585	708
Operating Margin	4.49%	-	6.56%	-	8.77%	9.56%	10.09%	11.46%
Earnings before Tax (EBT) ¹	159.8	-	312	-	402.4	497.5	599.4	702
Net income ¹	108.9	-623.7	224	71.41	297.6	371.1	443.5	519
Net margin	3.74%	-	5.18%	-	6.55%	7.29%	7.65%	8.4%
EPS ²	0.4200	-2.500	0.8100	0.2500	0.8300	1.067	1.280	1.500
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	0.2600	0.3250	0.3950	0.4500
Announcement Date	4/28/20	4/29/21	3/9/22	4/26/23	4/25/24	-	-	-

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)	4.29%	-	9.78%	-	9.23%	10.3%	11.2%	11.8%
ROA (Net income/ Total Assets)	1.6%	-	-	-	-	6.5%	7.8%	7.74%
Assets ¹	6,792	-	-	-	-	5,713	5,689	6,705
Book Value Per Share ²	10.30	-	8.490	-	9.650	10.60	11.60	12.60
Cash Flow per Share ²	0.9200	-	2.120	-	2.690	1.540	1.750	1.540
Capex ¹	107	-	124	-	67.5	34.5	34.5	20
Capex / Sales	3.67%	-	2.87%	-	1.48%	0.68%	0.6%	0.32%
Announcement Date	4/28/20	4/29/21	3/9/22	4/26/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

10.25 CNY

Average target price

12.8 CNY

Spread / Average Target

+24.88%

	1st Jan change	Capi.
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PEARL GLOBAL INDUSTRIES LIMITED	-9.17%	320M
RIBO FASHION GROUP CO., LTD.	-28.13%	315M
ANZHENG FASHION GROUP CO., LTD.	-33.98%	294M
SUN TEKSTIL SANAYI VE TICARET	-17.50%	240M
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DAEHYUN CO.,LTD.	-4.13%	61.05M