End-of-day quote
Shanghai S.E.
18:00:00 2024-04-25 EDT
|
5-day change
|
1st Jan Change
|
9.67
CNY
|
+0.10%
|
|
-1.83%
|
+12.05%
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Capitalization
1 |
56,700
|
75,960
|
80,280
|
118,620
|
118,800
|
174,060
|
174,060
|
-
|
Enterprise Value (EV)
1 |
160,258
|
167,554
|
163,713
|
198,464
|
198,507
|
263,421
|
247,306
|
243,825
|
P/E ratio
|
9.84
x
|
13.7
x
|
16.5
x
|
20.6
x
|
18.9
x
|
21.6
x
|
20.3
x
|
19.2
x
|
Yield
|
4.77%
|
3.61%
|
3.59%
|
2.58%
|
2.65%
|
2.09%
|
3.02%
|
2.69%
|
Capitalization / Revenue
|
3.65
x
|
3.65
x
|
4.17
x
|
5.87
x
|
5.62
x
|
6.62
x
|
7.05
x
|
6.49
x
|
EV / Revenue
|
10.3
x
|
8.06
x
|
8.5
x
|
9.82
x
|
9.39
x
|
11.2
x
|
10
x
|
9.1
x
|
EV / EBITDA
|
12.7
x
|
13.1
x
|
14
x
|
15.4
x
|
14.4
x
|
17.3
x
|
12.8
x
|
11.7
x
|
EV / FCF
|
-
|
14.1
x
|
15.9
x
|
18.9
x
|
22.8
x
|
-253
x
|
24.7
x
|
26.9
x
|
FCF Yield
|
-
|
7.09%
|
6.29%
|
5.28%
|
4.39%
|
-0.4%
|
4.04%
|
3.72%
|
Price to Book
|
1.28
x
|
1.38
x
|
1.65
x
|
2.31
x
|
2.17
x
|
2.86
x
|
2.31
x
|
2.16
x
|
Nbr of stocks (in thousands)
|
18,000,000
|
18,000,000
|
18,000,000
|
18,000,000
|
18,000,000
|
18,000,000
|
18,000,000
|
-
|
Reference price
2 |
3.150
|
4.220
|
4.460
|
6.590
|
6.600
|
9.670
|
9.670
|
9.670
|
Announcement Date
|
19-04-25
|
20-04-24
|
21-04-22
|
22-03-02
|
23-04-21
|
24-04-26
|
-
|
-
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net sales
1 |
15,516
|
20,801
|
19,253
|
20,202
|
21,142
|
23,461
|
24,679
|
26,800
|
EBITDA
1 |
12,656
|
12,814
|
11,663
|
12,911
|
13,833
|
15,270
|
19,396
|
20,826
|
EBIT
1 |
7,387
|
6,882
|
5,677
|
7,177
|
8,317
|
9,426
|
10,469
|
11,434
|
Operating Margin
|
47.61%
|
33.09%
|
29.49%
|
35.53%
|
39.34%
|
40.18%
|
42.42%
|
42.66%
|
Earnings before Tax (EBT)
1 |
-
|
6,270
|
5,653
|
7,134
|
8,292
|
9,420
|
10,464
|
11,391
|
Net income
1 |
-
|
5,545
|
4,835
|
5,838
|
6,801
|
7,638
|
8,545
|
9,067
|
Net margin
|
-
|
26.66%
|
25.11%
|
28.9%
|
32.17%
|
32.56%
|
34.62%
|
33.83%
|
EPS
2 |
0.3200
|
0.3080
|
0.2700
|
0.3200
|
0.3500
|
0.4000
|
0.4774
|
0.5042
|
Free Cash Flow
1 |
-
|
11,885
|
10,301
|
10,475
|
8,713
|
-1,043
|
9,995
|
9,076
|
FCF margin
|
-
|
57.13%
|
53.5%
|
51.85%
|
41.21%
|
-4.45%
|
40.5%
|
33.87%
|
FCF Conversion (EBITDA)
|
-
|
92.75%
|
88.32%
|
81.13%
|
62.98%
|
52.61%
|
51.53%
|
43.58%
|
FCF Conversion (Net income)
|
-
|
214.35%
|
213.06%
|
179.43%
|
128.1%
|
120.23%
|
116.97%
|
100.1%
|
Dividend per Share
2 |
0.1502
|
0.1522
|
0.1600
|
0.1700
|
0.1750
|
0.1800
|
0.2922
|
0.2604
|
Announcement Date
|
19-04-25
|
20-04-24
|
21-04-22
|
22-03-02
|
23-04-21
|
24-04-26
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2021 Q2
|
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
---|
Net sales
|
10,212
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBITDA
|
6,214
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
3,214
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
31.47%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
-
|
-
|
-
|
975.6
|
742
|
-
|
-
|
-
|
803.2
|
2,350
|
3,154
|
3,300
|
Net margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
2 |
-
|
0.1166
|
0.1200
|
0.0500
|
0.0400
|
0.1700
|
0.1200
|
0.0200
|
0.0400
|
0.1400
|
0.1800
|
0.1700
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
20-04-24
|
21-08-28
|
21-10-28
|
22-03-02
|
22-04-22
|
22-07-21
|
22-10-27
|
23-04-21
|
23-04-21
|
23-08-26
|
23-08-26
|
23-10-27
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net Debt
1 |
103,558
|
91,594
|
83,433
|
79,844
|
79,707
|
108,081
|
73,246
|
69,765
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
8.183
x
|
7.148
x
|
7.154
x
|
6.184
x
|
5.762
x
|
7.078
x
|
3.776
x
|
3.35
x
|
Free Cash Flow
1 |
-
|
11,885
|
10,301
|
10,475
|
8,713
|
-1,043
|
9,995
|
9,076
|
ROE (net income / shareholders' equity)
|
13.9%
|
11.6%
|
8.47%
|
9.29%
|
10.6%
|
10.5%
|
11.2%
|
11.3%
|
ROA (Net income/ Total Assets)
|
-
|
3.3%
|
2.91%
|
3.59%
|
4.18%
|
4.64%
|
4.65%
|
5.39%
|
Assets
1 |
-
|
167,915
|
166,023
|
162,642
|
162,879
|
167,503
|
183,959
|
168,332
|
Book Value Per Share
2 |
2.460
|
3.060
|
2.700
|
2.860
|
3.040
|
3.020
|
4.180
|
4.470
|
Cash Flow per Share
2 |
0.6000
|
0.9000
|
0.8100
|
0.9200
|
0.9200
|
0.9500
|
1.020
|
1.120
|
Capex
1 |
7,704
|
4,279
|
4,323
|
6,019
|
7,906
|
18,106
|
16,169
|
17,057
|
Capex / Sales
|
49.65%
|
20.57%
|
22.45%
|
29.8%
|
37.39%
|
77.17%
|
65.52%
|
63.65%
|
Announcement Date
|
19-04-25
|
20-04-24
|
21-04-22
|
22-03-02
|
23-04-21
|
24-04-26
|
-
|
-
|
Last Close Price
9.67
CNY Average target price
8.75
CNY Spread / Average Target -9.51% Consensus |
1st Jan change
|
Capi.
|
---|
| +12.05% | 24.02B | | +13.13% | 34.31B | | -30.63% | 14.05B | | -12.22% | 6.33B | | -1.85% | 4.82B | | -13.37% | 3.89B | | -14.83% | 3.83B | | +8.47% | 2.91B | | -.--% | 2.89B | | -15.72% | 2.65B |
Renewable IPPs
|