Financials Queclink Wireless Solutions 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
11.71 ^CNY	-2.90%		+3.08%	-2.50%

04-21	Queclink Wireless Solutions Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-18	Beijing Ecordia Information Technology Co., Ltd. announced that it has received funding from B Beijing Yuanpei Technology Innovation Investment Center (L.P.), Vanjee Technology Co., Ltd., Zhongguancun International Venture Capital Cluster Fund, Queclink Wireless Solutions Co., Ltd.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,843	7,424	8,786	4,491	5,505	5,367	-	-
Enterprise Value (EV) ¹	5,843	7,424	8,786	4,491	5,505	5,367	5,367	5,367
P/E ratio	35.8 x	80.7 x	54.4 x	27.3 x	37.5 x	23.7 x	18.2 x	14.4 x
Yield	0.41%	0.33%	0.52%	1.22%	1.25%	1.37%	1.88%	-
Capitalization / Revenue	9.28 x	15.7 x	9.54 x	4.48 x	5.42 x	4.08 x	3.22 x	2.61 x
EV / Revenue	9.28 x	15.7 x	9.54 x	4.48 x	5.42 x	4.08 x	3.22 x	2.61 x
EV / EBITDA	31 x	-	47.6 x	22.4 x	30.6 x	22 x	17.2 x	13.8 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	5.82 x	6.89 x	5.68 x	2.66 x	3.12 x	2.73 x	2.42 x	2.09 x
Nbr of stocks (in thousands)	436,023	435,991	456,790	457,808	458,361	458,361	-	-
Reference price ²	13.40	17.03	19.23	9.810	12.01	11.71	11.71	11.71
Announcement Date	20-02-20	21-04-23	22-04-13	23-04-24	24-04-08	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	629.5	472.7	920.7	1,002	1,016	1,315	1,669	2,057
EBITDA ¹	188.7	-	184.4	200.5	179.9	244.1	312.2	390.2
EBIT ¹	170.7	90.25	167.2	177.2	154.1	239.4	314	394.7
Operating Margin	27.11%	19.09%	18.16%	17.68%	15.17%	18.21%	18.82%	19.19%
Earnings before Tax (EBT) ¹	174	99.93	167.3	177.3	154.4	239.8	314.3	395.1
Net income ¹	162.3	90.47	155.6	165.4	146.7	226.6	297.2	374.1
Net margin	25.78%	19.14%	16.89%	16.51%	14.45%	17.24%	17.81%	18.19%
EPS ²	0.3741	0.2111	0.3533	0.3600	0.3200	0.4950	0.6450	0.8160
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.0556	0.0556	0.1000	0.1200	0.1500	0.1600	0.2200	-
Announcement Date	20-02-20	21-04-23	22-04-13	23-04-24	24-04-08	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	17.5%	8.72%	12.4%	10.2%	8.48%	11.5%	13.4%	14.5%
ROA (Net income/ Total Assets)	14.4%	7.39%	9.63%	8.44%	-	8.03%	8.68%	8.46%
Assets ¹	1,124	1,225	1,615	1,960	-	2,824	3,426	4,422
Book Value Per Share ²	2.300	2.470	3.380	3.690	3.850	4.280	4.850	5.610
Cash Flow per Share ²	0.2500	0.1200	-0.0500	-0.2500	0.6800	0.3800	0.0900	0.8400
Capex ¹	82.6	56.7	40.5	20.2	11.4	50.7	42.1	44.7
Capex / Sales	13.13%	12%	4.4%	2.01%	1.12%	3.85%	2.53%	2.17%
Announcement Date	20-02-20	21-04-23	22-04-13	23-04-24	24-04-08	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.71 CNY

Average target price

12.98 CNY

Spread / Average Target

+10.85%

	1st Jan change	Capi.
QUECLINK WIRELESS SOLUTIONS CO., LTD.	-2.50%	742M
GUANGZHOU HAIGE COMMUNICATIONS GROUP INCORPORATED COMPANY	-15.18%	3.74B
CHENGDU CORPRO TECHNOLOGY CO.,LTD.	-28.16%	1.28B
BEIJING UNISTRONG SCIENCE&TECHNOLOGY CO.,LTD.	-12.55%	670M
INTELLIAN TECHNOLOGIES, INC.	-12.00%	485M
ZHUHAI COMLEADER INFORMATION SCIENCE & TECHNOLOGY CO., LTD.	-17.44%	296M
OVZON AB	-3.31%	142M
MYNARIC AG	-9.48%	129M
SKARDIN INDUSTRIAL CORPORATION	+69.80%	79.66M
OFFICINA STELLARE S.P.A.	+11.88%	73.05M