End-of-day quote
Shenzhen S.E.
06:00:00 2024-04-28 pm EDT
|
5-day change
|
1st Jan Change
|
95.86
CNY
|
-4.23%
|
|
+0.43%
|
-12.78%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
166,522
|
353,975
|
246,655
|
240,321
|
164,497
|
144,408
|
-
|
-
|
Enterprise Value (EV)
1 |
162,222
|
346,732
|
225,707
|
215,969
|
138,709
|
110,053
|
105,681
|
101,129
|
P/E ratio
|
22.6
x
|
47.3
x
|
32.9
x
|
25.8
x
|
16.5
x
|
12.9
x
|
10.7
x
|
10.3
x
|
Yield
|
2.71%
|
1.27%
|
1.82%
|
2.33%
|
4.24%
|
5.02%
|
5.69%
|
6.39%
|
Capitalization / Revenue
|
7.2
x
|
16.8
x
|
9.73
x
|
7.98
x
|
4.97
x
|
3.91
x
|
3.34
x
|
3.04
x
|
EV / Revenue
|
7.01
x
|
16.4
x
|
8.9
x
|
7.17
x
|
4.19
x
|
2.98
x
|
2.45
x
|
2.13
x
|
EV / EBITDA
|
15.4
x
|
32.5
x
|
21
x
|
16.3
x
|
9.95
x
|
7.5
x
|
5.94
x
|
5.48
x
|
EV / FCF
|
24.9
x
|
95.6
x
|
15.1
x
|
69.4
x
|
27.6
x
|
12.5
x
|
8.31
x
|
7.96
x
|
FCF Yield
|
4.01%
|
1.05%
|
6.6%
|
1.44%
|
3.62%
|
8.03%
|
12%
|
12.6%
|
Price to Book
|
4.56
x
|
9.24
x
|
5.84
x
|
5.09
x
|
3.19
x
|
2.49
x
|
2.24
x
|
1.99
x
|
Nbr of stocks (in thousands)
|
1,506,988
|
1,499,959
|
1,497,327
|
1,497,327
|
1,496,784
|
1,506,445
|
-
|
-
|
Reference price
2 |
110.5
|
236.0
|
164.7
|
160.5
|
109.9
|
95.86
|
95.86
|
95.86
|
Announcement Date
|
2/28/20
|
2/26/21
|
4/28/22
|
4/25/23
|
4/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
23,126
|
21,101
|
25,350
|
30,105
|
33,126
|
36,928
|
43,189
|
47,445
|
EBITDA
1 |
10,538
|
10,678
|
10,743
|
13,251
|
13,945
|
14,679
|
17,791
|
18,452
|
EBIT
1 |
9,762
|
9,895
|
9,989
|
12,509
|
13,243
|
15,483
|
17,485
|
18,304
|
Operating Margin
|
42.21%
|
46.89%
|
39.4%
|
41.55%
|
39.98%
|
41.93%
|
40.49%
|
38.58%
|
Earnings before Tax (EBT)
1 |
9,771
|
9,879
|
9,946
|
12,503
|
13,218
|
14,908
|
17,855
|
18,601
|
Net income
1 |
7,383
|
7,482
|
7,508
|
9,378
|
10,016
|
11,203
|
13,490
|
13,980
|
Net margin
|
31.92%
|
35.46%
|
29.62%
|
31.15%
|
30.24%
|
30.34%
|
31.23%
|
29.46%
|
EPS
2 |
4.899
|
4.984
|
5.014
|
6.225
|
6.649
|
7.436
|
8.935
|
9.296
|
Free Cash Flow
1 |
6,505
|
3,626
|
14,901
|
3,114
|
5,020
|
8,833
|
12,717
|
12,702
|
FCF margin
|
28.13%
|
17.18%
|
58.78%
|
10.34%
|
15.16%
|
23.92%
|
29.44%
|
26.77%
|
FCF Conversion (EBITDA)
|
61.73%
|
33.96%
|
138.71%
|
23.5%
|
36%
|
60.18%
|
71.48%
|
68.84%
|
FCF Conversion (Net income)
|
88.11%
|
48.46%
|
198.47%
|
33.21%
|
50.12%
|
78.84%
|
94.27%
|
90.86%
|
Dividend per Share
2 |
3.000
|
3.000
|
3.000
|
3.740
|
4.660
|
4.816
|
5.453
|
6.126
|
Announcement Date
|
2/28/20
|
2/26/21
|
4/28/22
|
4/25/23
|
4/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
-
|
15,543
|
3,408
|
9,807
|
13,026
|
5,882
|
-
|
7,575
|
3,622
|
15,046
|
6,827
|
8,410
|
2,843
|
13,088
|
16,255
|
7,591
|
9,672
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
2,320
|
-
|
3,079
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
-
|
241
|
2,484
|
6,612
|
2,545
|
-
|
3,062
|
290.3
|
7,688
|
2,742
|
3,149
|
-335.6
|
4,103
|
8,072
|
2,751
|
3,449
|
-
|
Operating Margin
|
-
|
-
|
7.07%
|
25.33%
|
50.76%
|
43.27%
|
-
|
40.43%
|
8.01%
|
51.09%
|
40.16%
|
37.44%
|
-11.81%
|
31.35%
|
49.66%
|
36.24%
|
35.66%
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
224.1
|
2,453
|
-
|
2,537
|
-
|
3,060
|
295.5
|
-
|
2,743
|
3,126
|
-342.1
|
4,092
|
-
|
-
|
-
|
-
|
Net income
|
5,401
|
5,661
|
295.2
|
1,846
|
-
|
1,908
|
6,893
|
2,178
|
306
|
-
|
2,096
|
2,341
|
-187.5
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
36.42%
|
8.66%
|
18.83%
|
-
|
32.44%
|
-
|
28.76%
|
8.45%
|
-
|
30.71%
|
27.84%
|
-6.6%
|
-
|
-
|
-
|
-
|
-
|
EPS
2 |
-
|
-
|
0.1900
|
1.233
|
3.309
|
1.270
|
4.576
|
1.440
|
0.2100
|
3.828
|
1.392
|
1.550
|
-0.1200
|
-
|
4.020
|
1.535
|
1.770
|
0.2200
|
Dividend per Share
2 |
-
|
-
|
3.000
|
-
|
-
|
-
|
-
|
-
|
3.740
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
5.078
|
Announcement Date
|
8/28/20
|
8/27/21
|
4/28/22
|
4/28/22
|
4/28/22
|
8/26/22
|
8/26/22
|
10/27/22
|
4/25/23
|
4/25/23
|
8/28/23
|
10/27/23
|
4/26/24
|
-
|
4/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
4,300
|
7,243
|
20,947
|
24,352
|
25,788
|
34,355
|
38,727
|
43,279
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
6,505
|
3,626
|
14,901
|
3,114
|
5,020
|
8,833
|
12,717
|
12,702
|
ROE (net income / shareholders' equity)
|
21.2%
|
20.2%
|
18.6%
|
21%
|
20.3%
|
20.6%
|
21.7%
|
19.9%
|
ROA (Net income/ Total Assets)
|
14.3%
|
13.9%
|
12.3%
|
13.8%
|
-
|
14.5%
|
15.2%
|
16.2%
|
Assets
1 |
51,509
|
53,680
|
60,832
|
67,882
|
-
|
77,146
|
88,548
|
86,294
|
Book Value Per Share
2 |
24.20
|
25.50
|
28.20
|
31.50
|
34.50
|
38.50
|
42.80
|
48.30
|
Cash Flow per Share
2 |
4.510
|
2.640
|
10.20
|
2.420
|
4.070
|
7.680
|
7.990
|
11.10
|
Capex
1 |
293
|
353
|
417
|
534
|
1,110
|
575
|
602
|
449
|
Capex / Sales
|
1.27%
|
1.67%
|
1.65%
|
1.77%
|
3.35%
|
1.56%
|
1.39%
|
0.95%
|
Announcement Date
|
2/28/20
|
2/26/21
|
4/28/22
|
4/25/23
|
4/26/24
|
-
|
-
|
-
|
Last Close Price
95.86
CNY Average target price
139.5
CNY Spread / Average Target +45.54% Consensus |
1st Jan change
|
Capi.
|
---|
| -12.78% | 20.81B | | -1.27% | 296B | | +8.15% | 81.55B | | +11.84% | 42.47B | | +5.34% | 37.87B | | +14.29% | 16.62B | | -8.29% | 12.04B | | +5.61% | 10.21B | | +22.07% | 10.16B | | +8.12% | 7.61B |
Distilleries
|