| Income Statement Evolution | |
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| Annual Income Statement Data |
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Actuals in M CNY |
Estimates in M CNY |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 44 644 | 56 816 | 51 765 | 57 183 | 60 588 | 65 753 | | Operating income (EBITDA) | 11 837 | 11 133 | 5 290 | 9 525 | 10 806 | 10 678 | | Operating profit (EBIT) | 9 981 | 8 884 | 3 547 | 6 623 | 7 375 | 7 892 | | Pre-Tax Profit (EBT) | - | 6 883 | - | 6 459 | 7 635 | - | | Net income | - | 3 404 | 3 707 | 2 753 | 3 203 | - | | EPS ( CNY) | 0,66 | 0,53 | 0,58 | 0,45 | 0,50 | - | | Dividend per Share ( CNY) | 0,15 | 0,13 | 0,14 | 0,12 | 0,14 | 0,17 | | Yield | 3,03% | 2,60% | 2,81% | 2,54% | 2,86% | 3,49% | | Announcement Date | 03/29/2011 12:46am | 03/27/2012 02:50pm | 03/26/2013 01:57pm | - | - | - |
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Actuals in M CNY |
Estimates in M CNY |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 22 487 | 37 276 | 34 898 | 36 255 | 34 678 | 32 479 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 11 837 | 11 133 | 5 290 | 9 525 | 10 806 | 10 678 | Leverage (Debt/EBITDA) | 1,90x | 3,35x | 6,60x | 3,81x | 3,21x | 3,04x | | Capital Expenditure | - | 3 258 | 4 225 | 4 625 | 3 275 | - | | Book Value Per Share (BVPS) | 4,65 CNY | 4,96 CNY | 5,48 CNY | 5,78 CNY | 6,17 CNY | - | | Cash Flow per Share | 0,95 CNY | -0,84 CNY | - | - | - | - | | Announcement Date | 03/29/2011 12:46am | 03/27/2012 02:50pm | 03/26/2013 01:57pm | - | - | - |
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Assessed data source : © 2013 Thomson Reuters |
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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10,9x |
9,77x |
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Capitalization / Revenue
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0,55x |
0,52x |
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EV / Revenue
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1,18x |
1,09x |
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EV / EBITDA
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7,10x |
6,11x |
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Yield (DPS / Price)
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2,54% |
2,86% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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11,6% |
12,2% |
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operating laverage (Delta EBIT / Delta Sales)
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8,28x |
1,91x |
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Net Margin (Net Profit / Revenue)
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4,81% |
5,29% |
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ROA (Net Profit / Asset)
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- |
- |
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ROE (Net Profit / Equities)
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8,53% |
8,68% |
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Rate of Dividend
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27,8% |
27,9% |
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