Income Statement Evolution | |
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Annual Income Statement Data |
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Actuals in M CNY |
Estimates in M CNY |
Fiscal Period December |
2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Sales | 30 138 | 53 722 | 92 761 | 120 139 | 143 045 | 162 093 | EBITDA | 3 936 | 6 391 | 14 747 | 18 175 | 22 200 | 25 719 | Operating profit (EBIT) | 2 793 | 4 737 | 12 809 | 15 691 | 19 242 | 22 066 | Pre-Tax Profit (EBT) | 2 875 | 6 204 | 12 774 | 16 842 | 22 234 | 27 056 | Net income | 2 261 | 5 112 | 10 634 | 13 880 | 18 395 | 22 479 | P/E ratio | 13,5 | 11,6 | 19,5 | 11,5 | 8,71 | 7,13 | EPS ( CNY ) | 0,26 | 0,57 | 1,16 | 1,53 | 2,02 | 2,47 | Dividend per Share ( CNY ) | 0,04 | 0,12 | 0,25 | 0,34 | 0,44 | 0,57 | Yield | 1,10% | 1,81% | 1,11% | 1,93% | 2,49% | 3,27% | Reference price ( CNY ) | 3.46 | 6.64 | 22.57 | 17.5741 | 17.5741 | 17.5741 | Announcement Date | 03/22/2016 05:46am | 03/22/2017 04:05am | 03/21/2018 04:11am | - | - | - |
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Actuals in M CNY |
Estimates in M CNY |
Fiscal Period December |
2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
Debt | - | - | - | - | - | - | Finance | 7 238 | 12 803 | 12 118 | 20 439 | 29 489 | 40 305 | Operating income (EBITDA) | 3 936 | 6 391 | 14 747 | 18 175 | 22 200 | 25 719 | Leverage (Debt/EBITDA) | - | - | - | - | - | - | Capital Expenditure | 1 571 | 486 | 3 452 | 4 068 | 4 498 | 4 530 | Book Value Per Share (BVPS) | 2,22 CNY | 2,74 CNY | 3,84 CNY | 5,06 CNY | 6,58 CNY | 8,31 CNY | Cash Flow per Share | 0,84 CNY | 0,94 CNY | 1,31 CNY | 1,83 CNY | 2,12 CNY | 2,34 CNY | Announcement Date | 03/22/2016 05:46am | 03/22/2017 04:05am | 03/21/2018 04:11am | - | - | - |
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Assessed data source : © 2018 Thomson Reuters |
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Valuation |
2018e |
2019e |
P/E ratio (Price / EPS)
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11,5x |
8,71x |
Capitalization / Revenue |
1,31x |
1,10x |
EV / Revenue |
1,14x |
0,90x |
EV / EBITDA |
7,55x |
5,77x |
Yield (DPS / Price)
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1,93% |
2,49% |
Price to book
(Price / BVPS)
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3,47x |
2,67x |
Profitability |
2018e |
2019e |
Operating Margin (EBIT / Sales)
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13,1% |
13,5% |
operating Leverage (Delta EBIT / Delta Sales)
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0,76x |
1,19x |
Net Margin (Net Profit / Revenue)
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11,6% |
12,9% |
ROA (Net Profit / Asset)
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14,0% |
14,7% |
ROE (Net Profit / Equities)
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34,0% |
33,9% |
Rate of Dividend |
22,2% |
21,7% |
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