Stock 600283 QIAN JIANG WATER RESOURCES DEVELOPMENT CO.,LTD
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Financials Qian Jiang Water Resources Development Co.,Ltd

Equities

600283

CNE000001519

Water Utilities

End-of-day quote Shanghai S.E.
Other stock markets
 18:00:00 2024-04-25 EDT 		5-day change 1st Jan Change
13.01 CNY +0.39% Intraday chart for Qian Jiang Water Resources Development Co.,Ltd -0.15% +3.34%
04-11 Qian Jiang Water Resources Development Co.,Ltd Reports Earnings Results for the Full Year Ended December 31, 2023 CI
2023 Qian Jiang Water Resources Development Co.,Ltd completed the acquisition of majority stake in Dongyang Huachen Water and Dongyang China Power Construction Water and Fujian Huadong Water from POWERCHINA Huadong Engineering Corporation Limited. CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,954 3,692 3,586 4,465 4,335 4,444
Enterprise Value (EV) 1 4,634 4,358 4,382 5,407 5,061 5,935
P/E ratio 70 x 87.2 x 26.1 x 29.6 x 25.1 x 21.7 x
Yield - - 1.48% 1.19% 1.22% 1.59%
Capitalization / Revenue 3.7 x 3.14 x 2.73 x 2.9 x 2.37 x 2 x
EV / Revenue 4.34 x 3.71 x 3.33 x 3.51 x 2.77 x 2.67 x
EV / EBITDA 14.5 x 13 x 10.8 x 11.6 x 9.25 x 11.5 x
EV / FCF -67.6 x -42.4 x -7.91 x -202 x 22.3 x -11.7 x
FCF Yield -1.48% -2.36% -12.6% -0.5% 4.49% -8.52%
Price to Book 2.18 x 1.99 x 1.81 x 2.15 x 1.97 x 1.89 x
Nbr of stocks (in thousands) 352,996 352,996 352,996 352,996 352,996 352,996
Reference price 2 11.20 10.46 10.16 12.65 12.28 12.59
Announcement Date 19-04-04 20-04-29 21-04-09 22-04-19 23-04-14 24-04-11
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,068 1,175 1,315 1,539 1,827 2,222
EBITDA 1 320.7 335.8 404.3 464.9 546.9 518.3
EBIT 1 151.4 152.4 216.4 264.4 310.7 267.6
Operating Margin 14.18% 12.97% 16.45% 17.19% 17% 12.04%
Earnings before Tax (EBT) 1 130.1 121 236.3 274.4 314.1 359.9
Net income 1 57.98 43.17 138.6 150.8 172.4 205.6
Net margin 5.43% 3.67% 10.54% 9.8% 9.44% 9.25%
EPS 2 0.1600 0.1200 0.3900 0.4271 0.4885 0.5800
Free Cash Flow 1 -68.55 -102.7 -554 -26.79 227 -505.6
FCF margin -6.42% -8.74% -42.13% -1.74% 12.42% -22.75%
FCF Conversion (EBITDA) - - - - 41.51% -
FCF Conversion (Net income) - - - - 131.64% -
Dividend per Share - - 0.1500 0.1500 0.1500 0.2000
Announcement Date 19-04-04 20-04-29 21-04-09 22-04-19 23-04-14 24-04-11
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 680 666 795 942 726 1,491
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.121 x 1.982 x 1.967 x 2.025 x 1.327 x 2.876 x
Free Cash Flow 1 -68.5 -103 -554 -26.8 227 -506
ROE (net income / shareholders' equity) 4.07% 3.58% 7.6% 7.81% 8.81% 9.58%
ROA (Net income/ Total Assets) 1.92% 1.87% 2.48% 2.72% 2.92% 2.3%
Assets 1 3,025 2,314 5,600 5,537 5,895 8,940
Book Value Per Share 2 5.130 5.260 5.620 5.900 6.230 6.670
Cash Flow per Share 2 1.630 1.460 1.560 1.730 2.140 1.510
Capex 1 313 382 593 591 542 685
Capex / Sales 29.35% 32.49% 45.12% 38.43% 29.64% 30.81%
Announcement Date 19-04-04 20-04-29 21-04-09 22-04-19 23-04-14 24-04-11
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Water Supply & Irrigation Systems

1st Jan change Capi.
QIAN JIANG WATER RESOURCES DEVELOPMENT CO.,LTD Stock Qian Jiang Water Resources Development Co.,Ltd
+3.34% 634M
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GUANGDONG SHUNKONG DEVELOPMENT CO.,LTD. Stock Guangdong Shunkong Development Co.,Ltd.
-11.02% 1.15B
Water Supply & Irrigation Systems
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