Financials Anhui Jinhe Industrial Co.,Ltd.

Equities

002597

CNE1000015C4

Commodity Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 18:00:00 2024-05-19 EDT			5-day change	1st Jan Change
24.23 ^CNY	-0.25%		-1.18%	+10.59%

05-18	Anhui Jinxuan Technology Co., Ltd announced that it has received CNY 500 million in funding from Anhui Jinhe Industrial Co.,Ltd.	CI
04-29	Anhui Jinhe Industrial Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	12,463	17,934	28,401	17,951	12,267	13,203	-	-
Enterprise Value (EV) ¹	12,463	17,934	28,401	17,165	10,832	13,203	13,203	13,203
P/E ratio	15.8 x	25.3 x	24.9 x	11 x	17.3 x	17.3 x	12.6 x	12.6 x
Yield	2.39%	1.39%	1.27%	2.46%	0.91%	0.96%	2.08%	2.16%
Capitalization / Revenue	3.14 x	4.89 x	4.86 x	2.48 x	2.31 x	2.2 x	2 x	1.86 x
EV / Revenue	3.14 x	4.89 x	4.86 x	2.48 x	2.31 x	2.2 x	2 x	1.86 x
EV / EBITDA	10.6 x	16.2 x	16.7 x	7.8 x	10.7 x	9.62 x	7.75 x	7.28 x
EV / FCF	-	-	148 x	12.4 x	-	126 x	31.4 x	22.6 x
FCF Yield	-	-	0.68%	8.04%	-	0.8%	3.19%	4.43%
Price to Book	2.82 x	3.79 x	4.9 x	2.65 x	1.75 x	1.75 x	1.57 x	1.53 x
Nbr of stocks (in thousands)	551,220	553,008	553,089	552,340	559,883	548,983	-	-
Reference price ²	22.61	32.43	51.35	32.50	21.91	24.05	24.05	24.05
Announcement Date	20-02-28	21-04-08	22-03-10	23-04-26	24-04-15	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,972	3,666	5,845	7,250	5,311	5,998	6,611	7,104
EBITDA ¹	1,175	1,109	1,705	2,303	1,151	1,372	1,703	1,813
EBIT ¹	939.8	839.6	1,385	1,948	797.6	906.5	1,249	1,249
Operating Margin	23.66%	22.9%	23.69%	26.87%	15.02%	15.11%	18.89%	17.58%
Earnings before Tax (EBT) ¹	937.1	830.5	1,364	1,922	795	898	1,234	1,237
Net income ¹	808.8	718.5	1,177	1,695	704.2	793.7	1,084	1,084
Net margin	20.36%	19.6%	20.14%	23.38%	13.26%	13.23%	16.4%	15.26%
EPS ²	1.430	1.280	2.060	2.960	1.270	1.393	1.907	1.903
Free Cash Flow ¹	-	-	192.2	1,443	-	105	421	585
FCF margin	-	-	3.29%	19.91%	-	1.75%	6.37%	8.23%
FCF Conversion (EBITDA)	-	-	11.27%	62.67%	-	7.65%	24.71%	32.27%
FCF Conversion (Net income)	-	-	16.33%	85.15%	-	13.23%	38.83%	53.97%
Dividend per Share ²	0.5400	0.4500	0.6500	0.8000	0.2000	0.2300	0.5000	0.5200
Announcement Date	20-02-28	21-04-08	22-03-10	23-04-26	24-04-15	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q3	2022 Q4	2023 Q1	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	-	1,722	1,384	-	1,218	1,213	1,514	1,714	1,531
EBITDA	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-
Net income	478.9	-	-	160.2	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-	-
EPS	0.8300	-	-	0.2900	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-
Announcement Date	22-10-17	23-04-26	23-04-26	23-10-30	24-04-15	24-04-29	-	-	-

¹CNY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	786	1,435	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	192	1,443	-	105	421	585
ROE (net income / shareholders' equity)	19.4%	15.5%	21.9%	27%	10%	10.3%	12.6%	12.1%
ROA (Net income/ Total Assets)	13.7%	10.9%	14.7%	-	-	7.8%	9.13%	8.8%
Assets ¹	5,922	6,574	7,983	-	-	10,175	11,871	12,318
Book Value Per Share ²	8.020	8.560	10.50	12.30	12.50	13.70	15.30	15.70
Cash Flow per Share ²	1.620	1.770	1.550	3.840	2.160	2.130	2.610	4.220
Capex ¹	415	860	693	712	958	734	578	962
Capex / Sales	10.44%	23.46%	11.85%	9.82%	18.03%	12.24%	8.75%	13.54%
Announcement Date	20-02-28	21-04-08	22-03-10	23-04-26	24-04-15	-	-	-

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

Ratings for Anhui Jinhe Industrial Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

24.05 CNY

Average target price

27.4 CNY

Spread / Average Target

+13.93%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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