Financials Wuxi Taiji Industry Limited Corporation

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-06 pm EDT			5-day change	1st Jan Change
6.39 ^CNY	-1.08%		-0.78%	-9.10%

Apr. 25	Wuxi Taiji Industry Limited Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Feb. 22	Consortium With Wuxi Taiji Industry's Unit Bags Production Line Construction Project for 2.50 Billion Yuan	MT

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	17,018	10,868	14,807	13,459	-
Enterprise Value (EV) ¹	17,018	10,868	14,807	13,459	13,459
P/E ratio	18.8 x	-14.7 x	20.1 x	13 x	9.83 x
Yield	-	-	1.49%	2.35%	2.97%
Capitalization / Revenue	-	-	0.38 x	0.27 x	0.23 x
EV / Revenue	-	-	0.38 x	0.27 x	0.23 x
EV / EBITDA	-	-	-	-	-
EV / FCF	-	-	19.9 x	8 x	5.93 x
FCF Yield	-	-	5.04%	12.5%	16.9%
Price to Book	-	-	1.86 x	1.6 x	1.44 x
Nbr of stocks (in thousands)	2,106,190	2,106,190	2,106,190	2,106,190	-
Reference price ²	8.080	5.160	7.030	6.390	6.390
Announcement Date	2/14/22	4/26/23	4/25/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	-	39,377	49,325	59,673
EBITDA	-	-	-	-	-
EBIT ¹	-	-	965.6	1,297	1,660
Operating Margin	-	-	2.45%	2.63%	2.78%
Earnings before Tax (EBT) ¹	-	-	953.1	1,275	1,640
Net income ¹	901.3	-742.7	730.3	1,042	1,363
Net margin	-	-	1.85%	2.11%	2.28%
EPS ²	0.4300	-0.3500	0.3500	0.4900	0.6500
Free Cash Flow ¹	-	-	745.5	1,682	2,268
FCF margin	-	-	1.89%	3.41%	3.8%
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	102.08%	161.42%	166.4%
Dividend per Share ²	-	-	0.1050	0.1500	0.1900
Announcement Date	2/14/22	4/26/23	4/25/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-	-	746	1,682	2,268	-
ROE (net income / shareholders' equity)	-	-	9.69%	12.4%	14.6%	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	-	-	3.780	3.990	4.440	-
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	-	512	521	543	563
Capex / Sales	-	-	1.3%	1.06%	0.91%	-
Announcement Date	2/14/22	4/26/23	4/25/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.46 CNY

Average target price

8.6 CNY

Spread / Average Target

+33.13%

	1st Jan change	Capi.
WUXI TAIJI INDUSTRY LIMITED CORPORATION	-9.10%	1.89B
VINCI	-1.06%	68.42B
LARSEN & TOUBRO LIMITED	-2.67%	57B
QUANTA SERVICES, INC.	+25.09%	39.45B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+12.47%	31.3B
FERROVIAL SE	+7.57%	27.66B
CHINA RAILWAY GROUP LIMITED	+16.37%	21.04B
EMCOR GROUP, INC.	+75.08%	17.48B
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+25.86%	17.36B
CHINA RAILWAY CONSTRUCTION CORPORATION LIMITED	+13.67%	15.21B