JINAN HIGH-TECH DEVELOPMENT CO., LTD. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.88 CNY | -3.68% |
|
-.--% | -17.95% |
| Apr. 26 | Jinan High-tech Development Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 29 | China stocks rise as strength in banks offsets developers' falls | RE |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 8,855 | 3,344 | 3,194 | 3,158 | 3,627 | 3,008 |
| Enterprise Value (EV) 1 | 12,535 | 4,629 | 3,904 | 3,853 | 5,080 | 3,024 |
| P/E ratio | -38.5 x | 94.5 x | 51.6 x | -3.76 x | 205 x | 170 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 4.34 x | 2.22 x | 1.79 x | 2.89 x | 2.82 x | 1.75 x |
| EV / Revenue | 6.14 x | 3.08 x | 2.19 x | 3.53 x | 3.95 x | 1.76 x |
| EV / EBITDA | 30.7 x | 44.1 x | 6.91 x | 44.3 x | 23.3 x | 5.92 x |
| EV / FCF | -7.1 x | 3.04 x | 6.86 x | 8.85 x | -6.34 x | -28.5 x |
| FCF Yield | -14.1% | 32.9% | 14.6% | 11.3% | -15.8% | -3.51% |
| Price to Book | 5.37 x | 2.72 x | 2.46 x | 6.49 x | 8.2 x | 8.58 x |
| Nbr of stocks (in thousands) | 884,635 | 884,635 | 884,635 | 884,635 | 884,635 | 884,635 |
| Reference price 2 | 10.01 | 3.780 | 3.610 | 3.570 | 4.100 | 3.400 |
| Announcement Date | 4/28/18 | 4/12/19 | 6/23/20 | 4/22/21 | 4/28/22 | 4/28/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,040 | 1,504 | 1,784 | 1,092 | 1,285 | 1,717 |
| EBITDA 1 | 408.7 | 105.1 | 564.8 | 86.96 | 217.6 | 511.2 |
| EBIT 1 | 278.7 | -122.6 | 426.9 | -161.9 | 163.3 | 377.6 |
| Operating Margin | 13.66% | -8.15% | 23.93% | -14.83% | 12.71% | 22% |
| Earnings before Tax (EBT) 1 | -156.1 | 65.92 | 172.3 | -829.6 | 51.72 | 211.4 |
| Net income 1 | -227.5 | 35.58 | 63.12 | -825 | 14.69 | 18.35 |
| Net margin | -11.15% | 2.37% | 3.54% | -75.57% | 1.14% | 1.07% |
| EPS 2 | -0.2600 | 0.0400 | 0.0700 | -0.9500 | 0.0200 | 0.0200 |
| Free Cash Flow 1 | -1,766 | 1,522 | 569.3 | 435.4 | -801.1 | -106.2 |
| FCF margin | -86.58% | 101.16% | 31.9% | 39.88% | -62.33% | -6.19% |
| FCF Conversion (EBITDA) | - | 1,448.39% | 100.79% | 500.72% | - | - |
| FCF Conversion (Net income) | - | 4,276.68% | 901.82% | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 4/28/18 | 4/12/19 | 6/23/20 | 4/22/21 | 4/28/22 | 4/28/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 3,680 | 1,285 | 711 | 695 | 1,453 | 16.1 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 9.005 x | 12.23 x | 1.258 x | 7.996 x | 6.674 x | 0.0315 x |
| Free Cash Flow 1 | -1,766 | 1,522 | 569 | 435 | -801 | -106 |
| ROE (net income / shareholders' equity) | -12.4% | 2.77% | 5.17% | -82.6% | 6.35% | 10.9% |
| ROA (Net income/ Total Assets) | 1.81% | -0.87% | 4.64% | -2.26% | 1.87% | 4.64% |
| Assets 1 | -12,555 | -4,102 | 1,360 | 36,467 | 783.3 | 395.9 |
| Book Value Per Share 2 | 1.860 | 1.390 | 1.470 | 0.5500 | 0.5000 | 0.4000 |
| Cash Flow per Share 2 | 0.2000 | 0.6400 | 0.3700 | 0.4400 | 0.3900 | 0.8800 |
| Capex 1 | 84.1 | 227 | 229 | 344 | 431 | 304 |
| Capex / Sales | 4.12% | 15.08% | 12.84% | 31.52% | 33.56% | 17.73% |
| Announcement Date | 4/28/18 | 4/12/19 | 6/23/20 | 4/22/21 | 4/28/22 | 4/28/23 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -17.95% | 352M | |
| -1.76% | 46.89B | |
| +18.58% | 32.36B | |
| -5.93% | 28.89B | |
| +6.52% | 10.88B | |
| +23.70% | 9.65B | |
| -.--% | 8.66B | |
| +12.47% | 8.1B | |
| +1.10% | 8.04B | |
| +15.26% | 5.97B |
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