| 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 | 10 046 | 11 312 | 13 687 | 16 444 | 19 431 | 21 877 | | Operating income (EBITDA) | 1 061 | 1 411 | 1 894 | 2 246 | 2 913 | 3 415 | | Operating profit (EBIT) | 1 023 | 1 373 | 1 804 | 2 394 | 2 991 | 3 671 | | Pre-Tax Profit (EBT) | 1 040 | 1 407 | 1 830 | 2 436 | 3 037 | 3 829 | | Net income | 926 | 1 211 | 1 583 | 2 128 | 2 618 | 3 321 | | EPS ( CNY) | 1,33 | 1,74 | 2,28 | 2,99 | 3,71 | 4,58 | | Dividend per Share ( CNY) | 0,09 | 0,16 | 0,45 | 0,17 | 0,19 | 0,20 | | Yield | 0,10% | 0,18% | 0,51% | 0,19% | 0,21% | 0,23% | | Announcement Date | 03/28/2011 01:03am | 03/19/2012 12:55am | 03/19/2013 08:27am | - | - | - |
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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 | 1 608 | 619 | 1 212 | 3 010 | 4 387 | 4 708 | | Operating income (EBITDA) | 1 061 | 1 411 | 1 894 | 2 246 | 2 913 | 3 415 | Leverage (Debt/EBITDA) | - | - | - | - | - | - | | Capital Expenditure | 578 | - | - | 160 | 191 | 228 | | Book Value Per Share (BVPS) | 6,36 CNY | 8,00 CNY | 10,1 CNY | 12,9 CNY | 16,6 CNY | 21,2 CNY | | Cash Flow per Share | 0,62 CNY | -0,65 CNY | 1,15 CNY | 1,95 CNY | 1,94 CNY | 2,55 CNY | | Announcement Date | 03/28/2011 01:03am | 03/19/2012 12:55am | 03/19/2013 08:27am | - | - | - |
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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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29,6x |
23,8x |
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Capitalization / Revenue
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3,74x |
3,16x |
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EV / Revenue
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3,55x |
2,94x |
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EV / EBITDA
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26,0x |
19,6x |
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Yield (DPS / Price)
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0,19% |
0,21% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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14,6% |
15,4% |
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operating laverage (Delta EBIT / Delta Sales)
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1,62x |
1,37x |
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Net Margin (Net Profit / Revenue)
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12,9% |
13,5% |
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ROA (Net Profit / Asset)
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- |
- |
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ROE (Net Profit / Equities)
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23,4% |
23,0% |
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Rate of Dividend
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5,52% |
4,99% |
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