Market Closed -
Hong Kong S.E.
04:08:05 2024-05-31 am EDT
|
5-day change
|
1st Jan Change
|
4.77
HKD
|
+0.21%
|
|
-3.64%
|
+29.62%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
272,154
|
215,139
|
198,336
|
214,794
|
230,324
|
343,862
|
-
|
-
|
Enterprise Value (EV)
1 |
272,154
|
215,139
|
198,336
|
214,794
|
230,324
|
343,862
|
343,862
|
343,862
|
P/E ratio
|
4.69
x
|
3.22
x
|
2.81
x
|
2.88
x
|
2.93
x
|
3.36
x
|
3.15
x
|
2.9
x
|
Yield
|
5.73%
|
9.17%
|
11%
|
10.8%
|
10.6%
|
8.33%
|
9.01%
|
9.53%
|
Capitalization / Revenue
|
1.45
x
|
1.1
x
|
0.97
x
|
1.02
x
|
1.12
x
|
1.71
x
|
1.65
x
|
1.58
x
|
EV / Revenue
|
1.45
x
|
1.1
x
|
0.97
x
|
1.02
x
|
1.12
x
|
1.71
x
|
1.65
x
|
1.58
x
|
EV / EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EV / FCF
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Price to Book
|
0.46
x
|
0.29
x
|
0.22
x
|
0.22
x
|
0.27
x
|
0.34
x
|
0.31
x
|
0.29
x
|
Nbr of stocks (in thousands)
|
48,934,811
|
48,934,838
|
48,934,842
|
48,934,844
|
48,966,866
|
53,456,519
|
-
|
-
|
Reference price
2 |
4.173
|
2.769
|
2.754
|
3.056
|
3.345
|
4.417
|
4.417
|
4.417
|
Announcement Date
|
1/9/20
|
1/22/21
|
1/11/22
|
1/12/23
|
1/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
187,881
|
195,399
|
204,554
|
211,109
|
205,570
|
204,631
|
210,884
|
218,160
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
133,713
|
141,144
|
142,330
|
144,271
|
136,356
|
143,834
|
140,236
|
150,210
|
Operating Margin
|
71.17%
|
72.23%
|
69.58%
|
68.34%
|
66.33%
|
70.29%
|
66.5%
|
68.85%
|
Earnings before Tax (EBT)
1 |
56,545
|
57,857
|
65,517
|
73,416
|
74,887
|
78,549
|
82,863
|
88,644
|
Net income
1 |
46,685
|
48,980
|
55,641
|
62,103
|
67,016
|
67,304
|
71,485
|
76,938
|
Net margin
|
24.85%
|
25.07%
|
27.2%
|
29.42%
|
32.6%
|
32.89%
|
33.9%
|
35.27%
|
EPS
2 |
0.8900
|
0.8600
|
0.9800
|
1.060
|
1.140
|
1.315
|
1.401
|
1.526
|
Free Cash Flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.2390
|
0.2540
|
0.3020
|
0.3290
|
0.3560
|
0.3679
|
0.3980
|
0.4212
|
Announcement Date
|
1/9/20
|
1/22/21
|
1/11/22
|
1/12/23
|
1/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S1
|
2020 S1
|
2021 S1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 S2
|
2024 Q1
|
2024 S1
|
2024 S2
|
2025 S1
|
---|
Net sales
1 |
93,192
|
102,013
|
105,656
|
54,264
|
108,218
|
-
|
54,633
|
-
|
50,062
|
-
|
53,569
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
68,519
|
30,751
|
-
|
40,709
|
80,831
|
-
|
40,125
|
-
|
34,453
|
-
|
38,508
|
-
|
-
|
-
|
Operating Margin
|
73.52%
|
30.14%
|
-
|
75.02%
|
74.69%
|
-
|
73.44%
|
-
|
68.82%
|
-
|
71.88%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
34,442
|
30,746
|
-
|
-
|
-
|
-
|
19,856
|
-
|
16,776
|
-
|
-
|
-
|
-
|
-
|
Net income
|
28,307
|
25,541
|
-
|
15,174
|
32,524
|
14,579
|
16,923
|
-
|
15,366
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
30.37%
|
25.04%
|
-
|
27.96%
|
30.05%
|
-
|
30.98%
|
-
|
30.69%
|
-
|
-
|
-
|
-
|
-
|
EPS
|
-
|
-
|
-
|
-
|
-
|
0.2400
|
-
|
0.6300
|
-
|
0.6400
|
-
|
0.7600
|
0.6700
|
0.8200
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
8/27/19
|
8/27/20
|
8/25/21
|
8/25/22
|
8/25/22
|
10/27/22
|
8/24/23
|
8/24/23
|
10/26/23
|
-
|
4/29/24
|
-
|
-
|
-
|
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)
|
11.1%
|
10.1%
|
10.7%
|
10.8%
|
10.8%
|
10.3%
|
10.1%
|
10%
|
ROA (Net income/ Total Assets)
|
0.76%
|
0.69%
|
0.72%
|
0.76%
|
0.76%
|
0.77%
|
0.73%
|
0.75%
|
Assets
1 |
6,142,763
|
7,098,551
|
7,727,917
|
8,171,447
|
8,865,723
|
8,778,771
|
9,742,998
|
10,213,008
|
Book Value Per Share
2 |
9.040
|
9.600
|
12.80
|
13.60
|
12.30
|
13.20
|
14.30
|
15.40
|
Cash Flow per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex / Sales
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
1/9/20
|
1/22/21
|
1/11/22
|
1/12/23
|
1/22/24
|
-
|
-
|
-
|
Last Close Price
4.417
CNY Average target price
4.903
CNY Spread / Average Target +11.00% Consensus |
1st Jan change
|
Capi.
|
---|
| +29.62% | 47.48B | | +8.64% | 206B | | -1.60% | 70.19B | | +8.99% | 56.34B | | +10.36% | 51.32B | | +16.13% | 48.95B | | +8.15% | 35.72B | | -18.33% | 34.25B | | -96.60% | 32.24B | | +8.55% | 25.61B |
Commercial Banks
|