End-of-day quote
Shanghai S.E.
06:00:00 2024-05-05 pm EDT
|
5-day change
|
1st Jan Change
|
37.15
CNY
|
+5.03%
|
|
+8.63%
|
-1.07%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
44,841
|
82,133
|
59,849
|
50,963
|
34,794
|
34,423
|
-
|
-
|
Enterprise Value (EV)
1 |
43,088
|
79,751
|
57,197
|
47,980
|
29,997
|
28,119
|
26,929
|
25,575
|
P/E ratio
|
42.3
x
|
65.3
x
|
39.3
x
|
39.6
x
|
22.7
x
|
18.9
x
|
16
x
|
13.8
x
|
Yield
|
0.82%
|
0.56%
|
0.93%
|
0.91%
|
2.13%
|
2.28%
|
2.58%
|
3.11%
|
Capitalization / Revenue
|
4.02
x
|
6.25
x
|
3.4
x
|
2.55
x
|
1.49
x
|
1.25
x
|
1.07
x
|
0.92
x
|
EV / Revenue
|
3.87
x
|
6.07
x
|
3.25
x
|
2.4
x
|
1.28
x
|
1.02
x
|
0.84
x
|
0.68
x
|
EV / EBITDA
|
31.4
x
|
47.9
x
|
27.7
x
|
24.9
x
|
13.4
x
|
11
x
|
8.98
x
|
7.43
x
|
EV / FCF
|
60.7
x
|
84.1
x
|
48
x
|
40.3
x
|
12.4
x
|
11.1
x
|
12.5
x
|
10.5
x
|
FCF Yield
|
1.65%
|
1.19%
|
2.08%
|
2.48%
|
8.04%
|
9.03%
|
7.97%
|
9.48%
|
Price to Book
|
10.7
x
|
15.8
x
|
9.63
x
|
7.44
x
|
4.44
x
|
3.76
x
|
3.21
x
|
2.77
x
|
Nbr of stocks (in thousands)
|
920,000
|
927,428
|
927,746
|
926,933
|
926,597
|
926,597
|
-
|
-
|
Reference price
2 |
48.74
|
88.56
|
64.51
|
54.98
|
37.55
|
37.15
|
37.15
|
37.15
|
Announcement Date
|
4/13/20
|
3/29/21
|
3/8/22
|
3/30/23
|
3/29/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,141
|
13,138
|
17,607
|
19,996
|
23,351
|
27,582
|
32,212
|
37,343
|
EBITDA
1 |
1,372
|
1,665
|
2,068
|
1,924
|
2,235
|
2,562
|
3,000
|
3,442
|
EBIT
1 |
1,283
|
1,409
|
1,781
|
1,608
|
1,931
|
2,266
|
2,710
|
3,134
|
Operating Margin
|
11.52%
|
10.72%
|
10.12%
|
8.04%
|
8.27%
|
8.21%
|
8.41%
|
8.39%
|
Earnings before Tax (EBT)
1 |
1,294
|
1,517
|
1,861
|
1,665
|
1,979
|
2,307
|
2,726
|
3,167
|
Net income
1 |
1,060
|
1,255
|
1,518
|
1,282
|
1,527
|
1,818
|
2,114
|
2,452
|
Net margin
|
9.52%
|
9.56%
|
8.62%
|
6.41%
|
6.54%
|
6.59%
|
6.56%
|
6.57%
|
EPS
2 |
1.152
|
1.356
|
1.640
|
1.387
|
1.658
|
1.961
|
2.323
|
2.690
|
Free Cash Flow
1 |
709.7
|
947.8
|
1,190
|
1,190
|
2,412
|
2,540
|
2,146
|
2,425
|
FCF margin
|
6.37%
|
7.21%
|
6.76%
|
5.95%
|
10.33%
|
9.21%
|
6.66%
|
6.49%
|
FCF Conversion (EBITDA)
|
51.74%
|
56.91%
|
57.57%
|
61.87%
|
107.96%
|
99.16%
|
71.54%
|
70.44%
|
FCF Conversion (Net income)
|
66.94%
|
75.49%
|
78.43%
|
92.8%
|
158%
|
139.73%
|
101.52%
|
98.89%
|
Dividend per Share
2 |
0.4000
|
0.5000
|
0.6000
|
0.5000
|
0.8000
|
0.8462
|
0.9593
|
1.154
|
Announcement Date
|
4/13/20
|
3/29/21
|
3/8/22
|
3/30/23
|
3/29/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
---|
Net sales
1 |
5,456
|
4,229
|
4,205
|
5,296
|
6,267
|
4,882
|
5,079
|
5,899
|
7,492
|
5,485
|
5,772
|
6,924
|
8,882
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
465.2
|
355.6
|
308.2
|
516.4
|
428.2
|
410.7
|
353.7
|
605.6
|
560.6
|
504.5
|
395.4
|
673.4
|
628.2
|
Operating Margin
|
8.53%
|
8.41%
|
7.33%
|
9.75%
|
6.83%
|
8.41%
|
6.96%
|
10.27%
|
7.48%
|
9.2%
|
6.85%
|
9.73%
|
7.07%
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
400.7
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
7.34%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
2 |
0.4400
|
0.2982
|
0.2700
|
0.4400
|
0.3800
|
0.3607
|
0.2900
|
0.5300
|
0.4800
|
0.4112
|
0.3600
|
0.6200
|
0.5500
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/8/22
|
4/28/22
|
8/25/22
|
10/28/22
|
3/30/23
|
4/27/23
|
8/25/23
|
10/27/23
|
3/29/24
|
4/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
1,752
|
2,382
|
2,652
|
2,983
|
4,797
|
6,304
|
7,494
|
8,848
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
710
|
948
|
1,190
|
1,190
|
2,412
|
2,541
|
2,146
|
2,425
|
ROE (net income / shareholders' equity)
|
28.2%
|
26.9%
|
27%
|
19.6%
|
21%
|
20.1%
|
20.4%
|
20.4%
|
ROA (Net income/ Total Assets)
|
16%
|
14.5%
|
14.4%
|
10.5%
|
-
|
10.6%
|
11.2%
|
11.4%
|
Assets
1 |
6,621
|
8,637
|
10,567
|
12,223
|
-
|
17,159
|
18,868
|
21,514
|
Book Value Per Share
2 |
4.570
|
5.600
|
6.700
|
7.390
|
8.450
|
9.890
|
11.60
|
13.40
|
Cash Flow per Share
2 |
1.180
|
1.370
|
1.680
|
1.460
|
2.820
|
2.370
|
2.890
|
3.170
|
Capex
1 |
372
|
324
|
371
|
162
|
204
|
303
|
308
|
363
|
Capex / Sales
|
3.34%
|
2.47%
|
2.11%
|
0.81%
|
0.87%
|
1.1%
|
0.96%
|
0.97%
|
Announcement Date
|
4/13/20
|
3/29/21
|
3/8/22
|
3/30/23
|
3/29/24
|
-
|
-
|
-
|
Last Close Price
37.15
CNY Average target price
48.94
CNY Spread / Average Target +31.73% Consensus |
1st Jan change
|
Capi.
|
---|
| -1.07% | 4.53B | | +18.64% | 2.03B | | +43.79% | 1.32B | | +0.36% | 1.09B | | +13.66% | 843M | | -17.58% | 562M | | +126.23% | 543M | | -0.57% | 480M | | -8.00% | 253M | | +8.89% | 251M |
Office Supplies
|