| 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 | 2 463 | 3 181 | 3 689 | 4 561 | 5 545 | 6 598 | | Operating income (EBITDA) | 991 | 1 132 | 983 | 1 343 | 1 655 | 2 033 | | Operating profit (EBIT) | 892 | 1 035 | 855 | 1 175 | 1 460 | 1 749 | | Pre-Tax Profit (EBT) | 888 | 3 593 | 1 126 | 1 363 | 1 668 | 2 063 | | Net income | 799 | 3 462 | 996 | 1 203 | 1 472 | 1 815 | | EPS ( CNY) | 0,19 | 0,78 | 0,22 | 0,27 | 0,32 | 0,39 | | Dividend per Share ( CNY) | 0,05 | 0,06 | 0,07 | 0,07 | 0,09 | 0,09 | | Yield | 0,82% | 0,92% | 1,03% | 1,11% | 1,36% | 1,47% | | Announcement Date | 03/15/2011 01:29pm | 03/15/2012 09:13am | 03/25/2013 02:56pm | - | - | - |
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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 | - | - | - | - | - | - | | Finance | 514 | 1 767 | 1 298 | 1 382 | 1 794 | 2 275 | | Operating income (EBITDA) | 991 | 1 132 | 983 | 1 343 | 1 655 | 2 033 | Leverage (Debt/EBITDA) | - | - | - | - | - | - | | Capital Expenditure | 339 | 1 136 | 864 | 668 | 557 | 543 | | Book Value Per Share (BVPS) | 0,84 CNY | 1,83 CNY | 1,99 CNY | 2,11 CNY | 2,35 CNY | 2,73 CNY | | Cash Flow per Share | 0,12 CNY | 0,14 CNY | 0,18 CNY | 0,24 CNY | 0,35 CNY | 0,40 CNY | | Announcement Date | 03/15/2011 01:29pm | 03/15/2012 09:13am | 03/25/2013 02:56pm | - | - | - |
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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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24,1x |
19,8x |
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Capitalization / Revenue
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6,30x |
5,18x |
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EV / Revenue
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6,00x |
4,86x |
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EV / EBITDA
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20,4x |
16,3x |
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Yield (DPS / Price)
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1,11% |
1,36% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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25,8% |
26,3% |
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operating laverage (Delta EBIT / Delta Sales)
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1,59x |
1,12x |
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Net Margin (Net Profit / Revenue)
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26,4% |
26,5% |
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ROA (Net Profit / Asset)
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11,2% |
12,6% |
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ROE (Net Profit / Equities)
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12,9% |
14,1% |
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Rate of Dividend
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26,6% |
27,0% |
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