Projected Income Statement: JSTI Group

Forecast Balance Sheet: JSTI Group

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 4/18/22 4/17/23 4/15/24 4/14/25 4/27/26 - - -
Estimates

Cash Flow Forecast: JSTI Group

Fiscal Period: December 2021 2022 2023 2024 2026 2027 2028
CAPEX 1 107 94.27 72.53 84.77 32.2 29.03 29.71
Change - -11.91% -23.06% 16.87% - -9.84% 2.34%
Free Cash Flow (FCF) 1 - - - - - - -
Change - - - - - - -
Announcement Date 4/18/22 4/17/23 4/15/24 4/14/25 - - -
1CNY in Million
Estimates

Forecast Financial Ratios: JSTI Group

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 15.12% 17.76% 9.42% 19.41% 5.33% 14.78% 15.62% 16.14%
EBIT Margin (%) 11.9% 14.5% 6.93% 6.07% 1.4% 9.62% 10.29% 10.82%
EBT Margin (%) 11.59% 14.4% 6.72% 5.82% 1.25% 9.38% 10.05% 10.58%
Net margin (%) 9.22% 11.36% 6.24% 4.74% 0.56% 4.23% 4.54% 4.78%
FCF margin (%) - - - - - - - -
FCF / Net Income (%) - - - - - - - -

Profitability

        
ROA 3.21% 3.88% 2.1% 1.4% - - - -
ROE 8.11% 7.48% 3.99% 2.68% - 2.73% 2.84% 2.99%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.09% 1.8% 1.37% 1.79% - 0.8% 0.74% 0.75%
CAPEX / EBITDA (%) 13.83% 10.16% 14.59% 9.24% - 5.43% 4.73% 4.64%
CAPEX / FCF (%) - - - - - - - -

Items per share

        
Cash flow per share 1 0.0692 0.2076 0.2432 0.2069 0.3578 0.35 0.38 0.35
Change - 200% 17.15% -14.93% 72.93% -2.18% 8.57% -7.89%
Dividend per Share 1 0.118 0.14 0.115 0.07 - - - -
Change - 18.64% -17.86% -39.13% - - - -
Book Value Per Share 1 6.106 6.479 6.616 6.657 6.612 6.73 6.72 6.72
Change - 6.11% 2.12% 0.61% -0.68% 1.79% -0.15% 0%
EPS 1 0.4519 0.47 0.261 0.1777 0.0186 0.13 0.14 0.15
Change - 4.01% -44.47% -31.92% -89.53% 598.92% 7.69% 7.14%
Nbr of stocks (in thousands) 1,262,828 1,262,828 1,262,828 1,262,828 1,262,828 1,262,828 1,262,828 1,262,828
Announcement Date 4/18/22 4/17/23 4/15/24 4/14/25 4/27/26 - - -
1CNY
Estimates
2026 *2027 *
P/E 41.1x 38.1x
PBR 0.79x 0.79x
EV / Sales 1.68x 1.72x
Yield - -

EPS & Dividend

Y-o-Y evolution of P/E

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
5.340CNY
Average target price
7.800CNY
Spread / Average Target
+46.07%

Annual profits - Rate of surprise