Market Closed -
Hong Kong S.E.
04:09:00 2024-05-03 EDT
|
5-day change
|
1st Jan Change
|
4.44
HKD
|
+2.54%
|
|
+3.50%
|
+3.98%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
73,049
|
136,541
|
75,898
|
53,179
|
35,190
|
36,360
|
-
|
-
|
Enterprise Value (EV)
1 |
65,277
|
127,663
|
59,841
|
35,375
|
17,398
|
23,322
|
22,351
|
21,216
|
P/E ratio
|
18.6
x
|
18.6
x
|
11.4
x
|
10.7
x
|
10.5
x
|
9.39
x
|
8.61
x
|
8.82
x
|
Yield
|
2.17%
|
1.62%
|
4.61%
|
4.26%
|
6.74%
|
7.07%
|
7.66%
|
8.09%
|
Capitalization / Revenue
|
5.32
x
|
7.34
x
|
3.33
x
|
2.5
x
|
1.8
x
|
1.79
x
|
1.7
x
|
1.67
x
|
EV / Revenue
|
4.76
x
|
6.87
x
|
2.63
x
|
1.66
x
|
0.89
x
|
1.15
x
|
1.04
x
|
0.98
x
|
EV / EBITDA
|
13
x
|
17.4
x
|
7.03
x
|
5.56
x
|
-
|
3.92
x
|
3.52
x
|
3.41
x
|
EV / FCF
|
18.1
x
|
14.9
x
|
12.2
x
|
9.24
x
|
-
|
7.84
x
|
7.04
x
|
5.04
x
|
FCF Yield
|
5.52%
|
6.71%
|
8.16%
|
10.8%
|
-
|
12.7%
|
14.2%
|
19.8%
|
Price to Book
|
5.61
x
|
7.69
x
|
3.64
x
|
2.22
x
|
1.41
x
|
1.37
x
|
1.27
x
|
1.26
x
|
Nbr of stocks (in thousands)
|
8,933,340
|
8,933,340
|
8,905,216
|
9,068,252
|
9,067,252
|
9,067,252
|
-
|
-
|
Reference price
2 |
8.177
|
15.28
|
8.523
|
5.864
|
3.881
|
4.010
|
4.010
|
4.010
|
Announcement Date
|
20-03-23
|
21-03-18
|
22-03-28
|
23-03-28
|
24-03-28
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
13,722
|
18,592
|
22,776
|
21,311
|
19,532
|
20,318
|
21,392
|
21,748
|
EBITDA
1 |
5,030
|
7,319
|
8,513
|
6,365
|
-
|
5,947
|
6,354
|
6,214
|
EBIT
1 |
4,848
|
7,056
|
8,070
|
5,735
|
4,091
|
5,524
|
5,857
|
5,643
|
Operating Margin
|
35.33%
|
37.95%
|
35.43%
|
26.91%
|
20.95%
|
27.19%
|
27.38%
|
25.95%
|
Earnings before Tax (EBT)
1 |
5,683
|
9,900
|
9,672
|
6,663
|
4,850
|
5,399
|
6,041
|
5,989
|
Net income
1 |
3,935
|
7,440
|
6,871
|
4,942
|
3,390
|
3,861
|
4,262
|
4,204
|
Net margin
|
28.67%
|
40.02%
|
30.17%
|
23.19%
|
17.36%
|
19%
|
19.92%
|
19.33%
|
EPS
2 |
0.4404
|
0.8200
|
0.7500
|
0.5500
|
0.3700
|
0.4272
|
0.4655
|
0.4548
|
Free Cash Flow
1 |
3,605
|
8,571
|
4,885
|
3,830
|
-
|
2,973
|
3,177
|
4,207
|
FCF margin
|
26.27%
|
46.1%
|
21.45%
|
17.97%
|
-
|
14.63%
|
14.85%
|
19.35%
|
FCF Conversion (EBITDA)
|
71.68%
|
117.12%
|
57.39%
|
60.18%
|
-
|
50%
|
50%
|
67.7%
|
FCF Conversion (Net income)
|
91.63%
|
115.21%
|
71.1%
|
77.5%
|
-
|
77.01%
|
74.54%
|
100.08%
|
Dividend per Share
2 |
0.1772
|
0.2481
|
0.3932
|
0.2498
|
0.2616
|
0.2834
|
0.3072
|
0.3245
|
Announcement Date
|
20-03-23
|
21-03-18
|
22-03-28
|
23-03-28
|
24-03-28
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
---|
Net sales
1 |
8,707
|
9,886
|
11,544
|
11,233
|
9,673
|
11,638
|
9,735
|
9,797
|
9,795
|
10,473
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
3,603
|
4,518
|
3,553
|
2,681
|
3,054
|
2,099
|
1,993
|
2,732
|
2,933
|
Operating Margin
|
-
|
36.45%
|
39.13%
|
31.63%
|
27.72%
|
26.24%
|
21.56%
|
20.34%
|
27.89%
|
28%
|
Earnings before Tax (EBT)
1 |
-
|
5,931
|
-
|
-
|
3,235
|
3,428
|
2,435
|
2,415
|
2,494
|
2,819
|
Net income
|
2,753
|
4,684
|
-
|
-
|
2,256
|
2,686
|
1,696
|
1,694
|
-
|
-
|
Net margin
|
31.62%
|
47.38%
|
-
|
-
|
23.32%
|
23.08%
|
17.42%
|
17.29%
|
-
|
-
|
EPS
2 |
-
|
-
|
-
|
-
|
0.2500
|
-
|
0.1900
|
0.1800
|
0.2000
|
0.2200
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
0.1254
|
0.1370
|
0.1200
|
0.1500
|
Announcement Date
|
20-08-18
|
21-03-18
|
21-08-18
|
22-03-28
|
22-08-29
|
23-03-28
|
23-08-28
|
24-03-28
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
7,772
|
8,878
|
16,057
|
17,804
|
17,792
|
13,037
|
14,009
|
15,144
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
3,605
|
8,571
|
4,885
|
3,830
|
-
|
2,973
|
3,177
|
4,207
|
ROE (net income / shareholders' equity)
|
41.8%
|
39.3%
|
36.4%
|
22%
|
14.1%
|
14.1%
|
14.7%
|
13.8%
|
ROA (Net income/ Total Assets)
|
22.6%
|
23.6%
|
23.5%
|
14.8%
|
9.62%
|
9.78%
|
10.7%
|
10.3%
|
Assets
1 |
17,431
|
31,584
|
29,180
|
33,499
|
35,222
|
39,471
|
39,729
|
41,009
|
Book Value Per Share
2 |
1.460
|
1.990
|
2.340
|
2.650
|
2.750
|
2.940
|
3.160
|
3.180
|
Cash Flow per Share
2 |
0.6300
|
0.8500
|
0.7500
|
0.6100
|
-
|
0.4800
|
0.4800
|
0.5400
|
Capex
1 |
1,575
|
861
|
1,930
|
2,449
|
-
|
1,535
|
1,434
|
1,575
|
Capex / Sales
|
11.48%
|
4.63%
|
8.47%
|
11.49%
|
-
|
7.56%
|
6.7%
|
7.24%
|
Announcement Date
|
20-03-23
|
21-03-18
|
22-03-28
|
23-03-28
|
24-03-28
|
-
|
-
|
-
|
Last Close Price
4.01
CNY Average target price
4.38
CNY Spread / Average Target +9.23% Consensus |
1st Jan change
|
Capi.
|
---|
| +3.98% | 5.02B | | +6.95% | 25.07B | | -20.19% | 8.49B | | -4.24% | 6.75B | | +8.16% | 6.31B | | -3.85% | 5.38B | | +0.33% | 5.31B | | +23.61% | 4.59B | | -5.85% | 2.91B | | +45.43% | 2.79B |
Dairy Products
|