Market Closed -
Hong Kong S.E.
04:08:20 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
2.28
HKD
|
-0.44%
|
|
+1.79%
|
-12.64%
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Capitalization
1 |
12,225
|
16,138
|
18,803
|
13,233
|
6,661
|
3,757
|
3,757
|
-
|
Enterprise Value (EV)
1 |
11,423
|
15,667
|
18,032
|
12,018
|
6,661
|
4,223
|
2,784
|
2,751
|
P/E ratio
|
16.6
x
|
18.4
x
|
18.1
x
|
12.8
x
|
30.6
x
|
24.5
x
|
12.1
x
|
7.88
x
|
Yield
|
1.66%
|
1.98%
|
2.08%
|
2.99%
|
-
|
1.95%
|
6.4%
|
4.03%
|
Capitalization / Revenue
|
2.27
x
|
2.4
x
|
2.35
x
|
1.49
x
|
0.85
x
|
0.57
x
|
0.47
x
|
0.44
x
|
EV / Revenue
|
2.12
x
|
2.33
x
|
2.26
x
|
1.35
x
|
0.85
x
|
0.57
x
|
0.35
x
|
0.32
x
|
EV / EBITDA
|
12.8
x
|
11.6
x
|
11.6
x
|
8
x
|
13.7
x
|
8.9
x
|
3.39
x
|
2.71
x
|
EV / FCF
|
35.9
x
|
22
x
|
24.8
x
|
19.1
x
|
-
|
-11
x
|
8.39
x
|
6.17
x
|
FCF Yield
|
2.78%
|
4.55%
|
4.04%
|
5.23%
|
-
|
-9.12%
|
11.9%
|
16.2%
|
Price to Book
|
3.23
x
|
4.02
x
|
3.64
x
|
2.39
x
|
-
|
0.74
x
|
0.63
x
|
0.59
x
|
Nbr of stocks (in thousands)
|
1,582,151
|
1,609,427
|
1,715,904
|
1,718,546
|
1,800,112
|
1,780,112
|
1,780,112
|
-
|
Reference price
2 |
7.727
|
10.03
|
10.96
|
7.700
|
3.701
|
2.111
|
2.111
|
2.111
|
Announcement Date
|
3/18/19
|
3/17/20
|
3/16/21
|
3/28/22
|
3/30/23
|
3/27/24
|
-
|
-
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net sales
1 |
5,390
|
6,736
|
7,986
|
8,873
|
7,796
|
7,382
|
8,007
|
8,631
|
EBITDA
1 |
895.1
|
1,355
|
1,554
|
1,501
|
484.5
|
474.5
|
822.1
|
1,016
|
EBIT
1 |
741.8
|
1,177
|
1,309
|
1,224
|
228
|
223.8
|
470.6
|
644
|
Operating Margin
|
13.76%
|
17.47%
|
16.4%
|
13.8%
|
2.93%
|
3.03%
|
5.88%
|
7.46%
|
Earnings before Tax (EBT)
1 |
792
|
1,107
|
1,221
|
1,234
|
251.3
|
201.8
|
402.2
|
567.4
|
Net income
1 |
635.1
|
878.4
|
1,004
|
1,040
|
216.5
|
174.4
|
315.7
|
480.9
|
Net margin
|
11.78%
|
13.04%
|
12.57%
|
11.72%
|
2.78%
|
2.36%
|
3.94%
|
5.57%
|
EPS
2 |
0.4663
|
0.5450
|
0.6057
|
0.6038
|
0.1208
|
0.0970
|
0.1750
|
0.2680
|
Free Cash Flow
1 |
317.8
|
712.7
|
727.6
|
629
|
-
|
-385.3
|
332
|
446
|
FCF margin
|
5.9%
|
10.58%
|
9.11%
|
7.09%
|
-
|
-5.22%
|
4.15%
|
5.17%
|
FCF Conversion (EBITDA)
|
35.51%
|
52.59%
|
46.81%
|
41.89%
|
-
|
53.51%
|
40.38%
|
43.88%
|
FCF Conversion (Net income)
|
50.04%
|
81.14%
|
72.47%
|
60.47%
|
-
|
116.66%
|
105.16%
|
92.73%
|
Dividend per Share
2 |
0.1282
|
0.1986
|
0.2274
|
0.2302
|
-
|
0.0462
|
0.1350
|
0.0850
|
Announcement Date
|
3/18/19
|
3/17/20
|
3/16/21
|
3/28/22
|
3/30/23
|
3/27/24
|
-
|
-
|
Fiscal Period: December |
2019 S1
|
2019 S2
|
2020 S1
|
2021 Q1
|
2021 Q2
|
2021 S1
|
2022 S1
|
2023 S1
|
2023 S2
|
---|
Net sales
1 |
3,148
|
3,589
|
3,859
|
2,183
|
2,087
|
4,270
|
3,630
|
-
|
3,870
|
EBITDA
|
615.8
|
739.4
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
371
|
647.1
|
-
|
-
|
436
|
831.6
|
227.6
|
-
|
83
|
Operating Margin
|
11.79%
|
18.03%
|
-
|
-
|
20.89%
|
19.47%
|
6.27%
|
-
|
1.91%
|
Earnings before Tax (EBT)
|
361.3
|
-
|
-
|
-
|
-
|
-
|
236
|
-
|
-29.13
|
Net income
|
260.5
|
-
|
-
|
331.4
|
-
|
-
|
222
|
184.6
|
-10.21
|
Net margin
|
8.27%
|
-
|
-
|
15.18%
|
-
|
-
|
6.11%
|
-
|
-0.26%
|
EPS
|
-
|
-
|
-
|
-
|
-
|
-
|
0.1236
|
0.1025
|
-0.005500
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
8/13/19
|
3/17/20
|
8/13/20
|
5/11/21
|
8/12/21
|
8/12/21
|
8/29/22
|
8/25/23
|
3/27/24
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
802
|
471
|
771
|
1,214
|
-
|
545
|
973
|
1,006
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
318
|
713
|
728
|
629
|
-
|
-385
|
332
|
446
|
ROE (net income / shareholders' equity)
|
25.4%
|
25.9%
|
21.9%
|
19.4%
|
-
|
3.08%
|
5.26%
|
7.59%
|
ROA (Net income/ Total Assets)
|
10.2%
|
12.4%
|
11.4%
|
11.1%
|
-
|
1.76%
|
3.28%
|
4.51%
|
Assets
1 |
6,225
|
7,074
|
8,796
|
9,381
|
-
|
9,915
|
9,625
|
10,672
|
Book Value Per Share
2 |
2.390
|
2.500
|
3.010
|
3.220
|
-
|
3.200
|
3.360
|
3.570
|
Cash Flow per Share
2 |
0.4100
|
0.7400
|
0.6800
|
-
|
-
|
0.1300
|
0.3000
|
0.5400
|
Capex
1 |
361
|
258
|
440
|
442
|
-
|
610
|
328
|
369
|
Capex / Sales
|
6.7%
|
3.83%
|
5.51%
|
4.98%
|
-
|
8.26%
|
4.1%
|
4.28%
|
Announcement Date
|
3/18/19
|
3/17/20
|
3/16/21
|
3/28/22
|
3/30/23
|
3/27/24
|
-
|
-
|
Last Close Price
2.111
CNY Average target price
3.004
CNY Spread / Average Target +42.32% Consensus |
1st Jan change
|
Capi.
|
---|
| -12.64% | 518M | | +4.71% | 24.52B | | -23.24% | 8.1B | | -4.24% | 6.82B | | +8.16% | 6.26B | | -3.85% | 5.36B | | -3.18% | 5.16B | | +19.79% | 4.98B | | +1.41% | 5.02B | | +22.01% | 4.53B |
Dairy Products
|