Financials Luxi Chemical Group Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
11.57 ^CNY	+3.12%		+10.51%	+15.35%

Apr. 29	Luxi Chemical Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 29	Luxi Chemical Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	15,396	18,721	29,060	23,785	19,222	22,174	-	-
Enterprise Value (EV) ¹	15,396	18,721	29,060	23,785	19,222	22,174	22,174	22,174
P/E ratio	9.16 x	22.7 x	6.29 x	7.55 x	23.4 x	12.5 x	10.1 x	7.66 x
Yield	4.76%	3.91%	13.1%	5.25%	1.3%	2.29%	3.37%	-
Capitalization / Revenue	0.85 x	1.06 x	0.91 x	0.78 x	0.76 x	0.77 x	0.72 x	0.74 x
EV / Revenue	0.85 x	1.06 x	0.91 x	0.78 x	0.76 x	0.77 x	0.72 x	0.74 x
EV / EBITDA	-	5.3 x	2.92 x	3.72 x	5.58 x	4.51 x	3.92 x	3.51 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.38 x	1.31 x	1.62 x	1.37 x	1.14 x	1.2 x	1.12 x	1 x
Nbr of stocks (in thousands)	1,464,861	1,464,861	1,904,319	1,919,676	1,916,476	1,916,476	-	-
Reference price ²	10.51	12.78	15.26	12.39	10.03	11.57	11.57	11.57
Announcement Date	4/13/20	3/22/21	4/29/22	4/20/23	4/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	18,082	17,592	31,794	30,357	25,358	28,674	30,980	30,154
EBITDA ¹	-	3,529	9,938	6,394	3,444	4,912	5,661	6,322
EBIT ¹	1,793	1,087	6,932	3,811	1,133	2,229	2,780	3,787
Operating Margin	9.91%	6.18%	21.8%	12.55%	4.47%	7.77%	8.98%	12.56%
Earnings before Tax (EBT) ¹	2,015	1,094	6,047	3,788	1,053	2,197	2,729	3,705
Net income ¹	1,692	824.8	4,619	3,155	818.7	1,780	2,184	2,887
Net margin	9.36%	4.69%	14.53%	10.39%	3.23%	6.21%	7.05%	9.57%
EPS ²	1.147	0.5630	2.425	1.641	0.4280	0.9267	1.140	1.510
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.5000	0.5000	2.000	0.6500	0.1300	0.2650	0.3900	-
Announcement Date	4/13/20	3/22/21	4/29/22	4/20/23	4/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	15.8%	7.3%	29%	17.8%	4.78%	9.74%	11%	13%
ROA (Net income/ Total Assets)	5.83%	2.63%	14.4%	9.49%	-	4.4%	4.4%	-
Assets ¹	29,001	31,398	31,995	33,261	-	40,455	49,636	-
Book Value Per Share ²	7.640	9.740	9.420	9.030	8.820	9.670	10.30	11.60
Cash Flow per Share ²	2.100	2.060	4.970	2.670	2.020	2.200	2.140	-
Capex ¹	3,255	2,857	3,684	4,357	3,432	2,307	2,129	984
Capex / Sales	18%	16.24%	11.59%	14.35%	13.53%	8.04%	6.87%	3.26%
Announcement Date	4/13/20	3/22/21	4/29/22	4/20/23	4/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.57 CNY

Average target price

14.12 CNY

Spread / Average Target

+22.04%

	1st Jan change	Capi.
LUXI CHEMICAL GROUP CO., LTD.	+15.35%	3.06B
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WANHUA CHEMICAL GROUP CO., LTD.	+15.99%	38.65B
LYONDELLBASELL INDUSTRIES N.V.	+5.14%	32.55B
WESTLAKE CORPORATION	+5.29%	18.94B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+12.32%	16.76B
RONGSHENG PETROCHEMICAL CO., LTD.	+8.31%	14.83B
HENGLI PETROCHEMICAL CO.,LTD.	+17.69%	15.07B