Financials Lianhe Chemical Technology Co.,Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 18:00:00 2024-04-29 EDT			5-day change	1st Jan Change
5.92 ^CNY	-0.17%		+10.86%	-16.97%

04-26	Lianhe Chemical Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-26	Lianhe Chemical Technology Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	15,826	22,149	16,591	14,310	6,583	5,466	-
Enterprise Value (EV) ¹	15,826	22,149	16,591	14,310	6,583	5,466	5,466
P/E ratio	107 x	200 x	52.9 x	20.7 x	-14.1 x	26.9 x	16 x
Yield	0.29%	0.21%	0.28%	0.65%	0.28%	0.34%	0.68%
Capitalization / Revenue	3.69 x	4.63 x	2.52 x	1.82 x	1.02 x	0.82 x	0.77 x
EV / Revenue	3.69 x	4.63 x	2.52 x	1.82 x	1.02 x	0.82 x	0.77 x
EV / EBITDA	20.2 x	31.5 x	16.3 x	11.6 x	16.4 x	4.72 x	3.93 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	2.68 x	3.67 x	2.63 x	2.06 x	1.02 x	0.82 x	0.79 x
Nbr of stocks (in thousands)	923,878	923,246	923,246	923,246	923,246	923,246	-
Reference price ²	17.13	23.99	17.97	15.50	7.130	5.920	5.920
Announcement Date	20-02-21	21-02-25	22-04-21	23-04-21	24-04-26	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	4,284	4,782	6,587	7,865	6,442	6,682	7,098
EBITDA ¹	784.1	702.6	1,015	1,236	401.6	1,157	1,389
EBIT ¹	337.7	222.3	449.6	649	-366	263	400
Operating Margin	7.88%	4.65%	6.83%	8.25%	-5.68%	3.94%	5.64%
Earnings before Tax (EBT) ¹	310.3	209.4	416.8	944.4	-402.1	227	364
Net income ¹	144.3	110	315.4	696.8	-465.2	204	340
Net margin	3.37%	2.3%	4.79%	8.86%	-7.22%	3.05%	4.79%
EPS ²	0.1600	0.1200	0.3400	0.7500	-0.5039	0.2200	0.3700
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.0500	0.0500	0.0500	0.1000	0.0200	0.0200	0.0400
Announcement Date	20-02-21	21-02-25	22-04-21	23-04-21	24-04-26	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	2.49%	1.82%	5.08%	10.5%	-6.68%	3.1%	5%
ROA (Net income/ Total Assets)	1.58%	1.03%	2.74%	5.04%	-	1.4%	2.3%
Assets ¹	9,119	10,675	11,525	13,825	-	14,571	14,783
Book Value Per Share ²	6.390	6.530	6.830	7.530	6.980	7.180	7.520
Cash Flow per Share ²	1.140	1.490	0.8000	0.6900	1.170	1.320	1.510
Capex ¹	1,054	1,347	1,643	1,727	1,050	1,201	1,501
Capex / Sales	24.61%	28.18%	24.94%	21.96%	16.3%	17.97%	21.15%
Announcement Date	20-02-21	21-02-25	22-04-21	23-04-21	24-04-26	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.92 CNY

Average target price

7.65 CNY

Spread / Average Target

+29.22%

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