| 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 | 13 721 | 19 897 | 28 658 | 33 377 | 37 876 | 42 716 | | Operating income (EBITDA) | 3 933 | 5 418 | 7 548 | 6 834 | 8 021 | 9 953 | | Operating profit (EBIT) | 3 901 | 5 369 | 7 501 | 6 960 | 8 180 | 9 814 | | Pre-Tax Profit (EBT) | 3 853 | 5 174 | 7 235 | 6 316 | 7 543 | 8 941 | | Net income | 2 444 | 1 980 | 3 089 | 2 805 | 3 391 | 4 323 | | EPS ( CNY) | 0,40 | 0,35 | 0,54 | 0,47 | 0,57 | 0,71 | | Dividend per Share ( CNY) | 0,11 | 0,15 | 0,23 | 0,20 | 0,23 | 0,26 | | Yield | 2,79% | 3,78% | 5,79% | 4,96% | 5,67% | 6,49% | | Announcement Date | 03/17/2011 11:19pm | 03/15/2012 11:23am | 03/12/2013 01:08pm | - | - | - |
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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 | 15 219 | 24 940 | 21 646 | 20 295 | 21 266 | 29 685 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 3 933 | 5 418 | 7 548 | 6 834 | 8 021 | 9 953 | Leverage (Debt/EBITDA) | 3,87x | 4,60x | 2,87x | 2,97x | 2,65x | 2,98x | | Capital Expenditure | 57,8 | 74,1 | 238 | 420 | 618 | 98,0 | | Book Value Per Share (BVPS) | 7,24 CNY | 6,27 CNY | 6,54 CNY | 6,76 CNY | 7,17 CNY | 7,70 CNY | | Cash Flow per Share | -3,05 CNY | -1,69 CNY | 0,77 CNY | 0,79 CNY | 1,30 CNY | 1,79 CNY | | Announcement Date | 03/17/2011 11:19pm | 03/15/2012 11:23am | 03/12/2013 01:08pm | - | - | - |
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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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8,41x |
7,01x |
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Capitalization / Revenue
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0,70x |
0,62x |
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EV / Revenue
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1,31x |
1,18x |
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EV / EBITDA
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6,38x |
5,56x |
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Yield (DPS / Price)
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4,96% |
5,67% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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20,9% |
21,6% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
1,30x |
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Net Margin (Net Profit / Revenue)
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8,40% |
8,95% |
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ROA (Net Profit / Asset)
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2,24% |
2,68% |
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ROE (Net Profit / Equities)
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6,99% |
8,16% |
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Rate of Dividend
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41,8% |
39,7% |
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