Financials Qi An Xin Technology Group Inc.

Equities

688561

CNE1000041K3

Software

End-of-day quote Shanghai S.E. 18:00:00 2024-04-29 EDT 5-day change 1st Jan Change
30.9 CNY -0.77% Intraday chart for Qi An Xin Technology Group Inc. +5.82% -22.92%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 85,700 59,969 44,701 27,352 21,082 - -
Enterprise Value (EV) 1 80,439 57,132 43,644 27,276 19,339 18,933 18,363
P/E ratio -234 x -107 x 822 x 401 x 43.9 x 26.2 x 22.4 x
Yield - - - - 0.05% - -
Capitalization / Revenue 20.6 x 10.3 x 7.18 x 4.24 x 2.95 x 2.18 x 2.16 x
EV / Revenue 19.3 x 9.83 x 7.01 x 4.23 x 2.71 x 1.96 x 1.88 x
EV / EBITDA -622 x -190 x 162 x 92.5 x 22.8 x 16.2 x 11.5 x
EV / FCF -81.9 x -36.8 x -30.2 x -30.7 x 322 x 46.9 x 50.1 x
FCF Yield -1.22% -2.71% -3.31% -3.26% 0.31% 2.13% 2%
Price to Book 8.56 x 6.06 x 4.51 x 2.7 x 2.1 x 1.94 x 1.97 x
Nbr of stocks (in thousands) 679,616 682,082 679,660 682,253 682,253 - -
Reference price 2 126.1 87.92 65.77 40.09 30.90 30.90 30.90
Announcement Date 21-02-24 22-02-25 23-02-27 24-02-27 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,154 4,161 5,809 6,223 6,446 7,138 9,674 9,767
EBITDA 1 - -129.3 -301.2 269.8 294.9 848.3 1,171 1,594
EBIT 1 - -326.3 -556.1 -20.4 25.02 535.8 793.2 1,210
Operating Margin - -7.84% -9.57% -0.33% 0.39% 7.51% 8.2% 12.39%
Earnings before Tax (EBT) 1 - -343 -554.6 -22.68 17.12 521.9 877.4 1,061
Net income 1 - -334.4 -554.7 57.01 71.31 483.4 806.3 944.8
Net margin - -8.04% -9.55% 0.92% 1.11% 6.77% 8.33% 9.67%
EPS 2 -0.9000 -0.5400 -0.8200 0.0800 0.1000 0.7046 1.178 1.380
Free Cash Flow 1 - -982.6 -1,551 -1,446 -889.1 60 403.5 366.5
FCF margin - -23.61% -26.7% -23.25% -13.79% 0.84% 4.17% 3.75%
FCF Conversion (EBITDA) - - - - - 7.07% 34.46% 22.99%
FCF Conversion (Net income) - - - - - 12.41% 50.05% 38.79%
Dividend per Share 2 - - - - - 0.0167 - -
Announcement Date 20-06-28 21-02-24 22-02-25 23-02-27 24-02-27 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 659.3 1,309 1,224 3,031 925.1 1,557 1,204 2,760 1,469 1,302 3,202 751 1,567
EBITDA - - - - - - - - - - - - -
EBIT - - - 1,108 - - - - - - - - -
Operating Margin - - - 36.56% - - - - - - - - -
Earnings before Tax (EBT) - - - 1,105 - - - - - - - - -
Net income -480.8 -428.9 -215.4 1,182 - - - - - - - - -
Net margin -72.93% -32.77% -17.6% 39% - - - - - - - - -
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 22-04-25 22-08-17 22-10-28 23-02-27 23-04-26 23-08-30 23-10-25 24-02-27 - - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 5,260 2,836 1,057 75.5 1,743 2,149 2,719
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - -983 -1,551 -1,446 -889 60 404 367
ROE (net income / shareholders' equity) - -4.71% -5.63% 0.57% 0.7% 3.82% 7.37% 6.44%
ROA (Net income/ Total Assets) - -3.42% -4.21% 0.4% - 3.09% 5.32% 5.3%
Assets 1 - 9,788 13,181 14,129 - 15,646 15,160 17,827
Book Value Per Share 2 - 14.70 14.50 14.60 14.90 14.70 15.90 15.70
Cash Flow per Share 2 - -1.010 -1.910 -1.850 -1.140 0.0900 -0.2800 0.5000
Capex 1 - 294 249 185 111 178 215 273
Capex / Sales - 7.07% 4.29% 2.98% 1.73% 2.5% 2.22% 2.79%
Announcement Date 20-06-28 21-02-24 22-02-25 23-02-27 24-02-27 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
30.9 CNY
Average target price
45.72 CNY
Spread / Average Target
+47.96%
Consensus

Quarterly revenue - Rate of surprise

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