| 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 | 2 168 | 2 354 | 2 593 | 3 478 | 4 532 | 5 880 | | Operating income (EBITDA) | 270 | 182 | 167 | 359 | 459 | 620 | | Operating profit (EBIT) | 96,8 | - | 102 | 213 | 311 | 457 | | Pre-Tax Profit (EBT) | 211 | 260 | 234 | 355 | 463 | 610 | | Net income | 182 | 225 | 210 | 306 | 399 | 526 | | EPS ( CNY) | 0,32 | 0,40 | 0,33 | 0,48 | 0,63 | 0,82 | | Dividend per Share ( CNY) | - | 0,10 | 0,12 | 0,15 | 0,19 | 0,25 | | Yield | - | 0,73% | 0,88% | 1,10% | 1,39% | 1,79% | | Announcement Date | 03/08/2011 01:55pm | 04/16/2012 10:30pm | 04/23/2013 07:01am | - | - | - |
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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 | - | 462 | - | - | - | - | | Finance | - | - | 457 | 743 | 569 | 614 | | Operating income (EBITDA) | 270 | 182 | 167 | 359 | 459 | 620 | Leverage (Debt/EBITDA) | - | 2,53x | - | - | - | - | | Capital Expenditure | 308 | - | 129 | 196 | 193 | 226 | | Book Value Per Share (BVPS) | 1,99 CNY | 2,31 CNY | 4,03 CNY | 3,90 CNY | 4,45 CNY | 5,34 CNY | | Cash Flow per Share | 0,20 CNY | 0,03 CNY | 0,30 CNY | 0,52 CNY | 0,26 CNY | 0,92 CNY | | Announcement Date | 03/08/2011 01:55pm | 04/16/2012 10:30pm | 04/23/2013 07:01am | - | - | - |
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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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28,4x |
21,7x |
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Capitalization / Revenue
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2,54x |
1,95x |
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EV / Revenue
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2,33x |
1,82x |
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EV / EBITDA
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22,5x |
18,0x |
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Yield (DPS / Price)
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1,10% |
1,39% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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6,12% |
6,86% |
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operating laverage (Delta EBIT / Delta Sales)
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3,20x |
1,52x |
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Net Margin (Net Profit / Revenue)
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8,79% |
8,82% |
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ROA (Net Profit / Asset)
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6,58% |
7,61% |
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ROE (Net Profit / Equities)
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12,5% |
14,0% |
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Rate of Dividend
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31,2% |
30,1% |
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