End-of-day quote
Shanghai S.E.
06:00:00 2024-04-29 pm EDT
|
5-day change
|
1st Jan Change
|
1.84
CNY
|
-.--%
|
|
+2.79%
|
-5.15%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
17,034
|
13,411
|
14,708
|
10,928
|
8,380
|
5,538
|
-
|
-
|
Enterprise Value (EV)
1 |
33,770
|
31,306
|
37,396
|
37,770
|
34,379
|
31,668
|
33,953
|
36,299
|
P/E ratio
|
14.5
x
|
13.1
x
|
12.2
x
|
-4.77
x
|
48.5
x
|
11
x
|
7.26
x
|
7.13
x
|
Yield
|
-
|
1.32%
|
3.34%
|
-
|
0.57%
|
1.09%
|
3.59%
|
3.62%
|
Capitalization / Revenue
|
0.73
x
|
0.54
x
|
0.45
x
|
0.32
x
|
0.29
x
|
0.17
x
|
0.15
x
|
0.14
x
|
EV / Revenue
|
1.45
x
|
1.25
x
|
1.13
x
|
1.11
x
|
1.17
x
|
0.94
x
|
0.9
x
|
0.89
x
|
EV / EBITDA
|
13.6
x
|
11.1
x
|
12.8
x
|
-56.3
x
|
17.4
x
|
8.3
x
|
7.73
x
|
7.52
x
|
EV / FCF
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Price to Book
|
1.2
x
|
0.89
x
|
0.95
x
|
0.87
x
|
0.65
x
|
0.58
x
|
0.54
x
|
0.51
x
|
Nbr of stocks (in thousands)
|
4,518,408
|
4,440,803
|
4,470,535
|
4,406,508
|
4,319,762
|
3,009,532
|
-
|
-
|
Reference price
2 |
3.770
|
3.020
|
3.290
|
2.480
|
1.940
|
1.840
|
1.840
|
1.840
|
Announcement Date
|
4/30/20
|
4/29/21
|
4/15/22
|
4/28/23
|
4/23/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
23,241
|
24,969
|
33,033
|
34,014
|
29,333
|
33,540
|
37,672
|
40,707
|
EBITDA
1 |
2,488
|
2,813
|
2,919
|
-670.6
|
1,975
|
3,816
|
4,395
|
4,826
|
EBIT
1 |
1,569
|
1,786
|
1,653
|
-2,175
|
190.9
|
972.3
|
1,249
|
1,228
|
Operating Margin
|
6.75%
|
7.15%
|
5.01%
|
-6.39%
|
0.65%
|
2.9%
|
3.32%
|
3.02%
|
Earnings before Tax (EBT)
1 |
1,566
|
1,690
|
1,650
|
-2,272
|
194.6
|
736.4
|
1,089
|
1,232
|
Net income
1 |
1,362
|
1,381
|
1,516
|
-2,256
|
156.2
|
672.9
|
1,134
|
1,161
|
Net margin
|
5.86%
|
5.53%
|
4.59%
|
-6.63%
|
0.53%
|
2.01%
|
3.01%
|
2.85%
|
EPS
2 |
0.2600
|
0.2300
|
0.2700
|
-0.5200
|
0.0400
|
0.1675
|
0.2533
|
0.2580
|
Free Cash Flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
-
|
0.0400
|
0.1100
|
-
|
0.0110
|
0.0200
|
0.0660
|
0.0667
|
Announcement Date
|
4/30/20
|
4/29/21
|
4/15/22
|
4/28/23
|
4/23/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
12,071
|
9,826
|
15,143
|
15,199
|
8,979
|
17,834
|
16,668
|
17,346
|
13,748
|
15,586
|
14,821
|
17,135
|
15,741
|
16,963
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
-
|
1,120
|
1,237
|
85.35
|
415.8
|
152.7
|
-
|
-278.6
|
-
|
-9.585
|
90.08
|
-17.67
|
274
|
Operating Margin
|
-
|
-
|
7.4%
|
8.14%
|
0.95%
|
2.33%
|
0.92%
|
-
|
-2.03%
|
-
|
-0.06%
|
0.53%
|
-0.11%
|
1.62%
|
Earnings before Tax (EBT)
1 |
-
|
-
|
-
|
-
|
81.89
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
-
|
-
|
-
|
-
|
208.9
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
-
|
-
|
2.33%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
0.0900
|
0.1010
|
0.1290
|
0.1900
|
-
|
0.0800
|
0.0200
|
-0.5400
|
-0.0600
|
0.1000
|
-
|
-
|
0.0100
|
0.0400
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
4/30/20
|
8/30/20
|
4/29/21
|
8/24/21
|
4/15/22
|
4/15/22
|
8/25/22
|
4/28/23
|
8/18/23
|
4/23/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
16,735
|
17,894
|
22,688
|
26,842
|
25,999
|
26,131
|
28,415
|
30,761
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
6.728
x
|
6.362
x
|
7.773
x
|
-40.02
x
|
13.17
x
|
6.847
x
|
6.465
x
|
6.374
x
|
Free Cash Flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
ROE (net income / shareholders' equity)
|
9.95%
|
9.13%
|
9.27%
|
-14.8%
|
1.14%
|
4.38%
|
7.14%
|
7.9%
|
ROA (Net income/ Total Assets)
|
3.47%
|
3.14%
|
3.11%
|
-4.32%
|
-
|
1.17%
|
1.93%
|
2.67%
|
Assets
1 |
39,222
|
43,984
|
48,715
|
52,256
|
-
|
57,352
|
58,675
|
43,579
|
Book Value Per Share
2 |
3.140
|
3.390
|
3.480
|
2.840
|
2.970
|
3.200
|
3.440
|
3.640
|
Cash Flow per Share
2 |
0.2900
|
0.2500
|
0.4300
|
0.0400
|
0.7100
|
0.4300
|
1.180
|
0.7600
|
Capex
1 |
3,067
|
3,382
|
4,437
|
3,762
|
2,008
|
3,471
|
3,325
|
3,762
|
Capex / Sales
|
13.2%
|
13.55%
|
13.43%
|
11.06%
|
6.85%
|
10.35%
|
8.83%
|
9.24%
|
Announcement Date
|
4/30/20
|
4/29/21
|
4/15/22
|
4/28/23
|
4/23/24
|
-
|
-
|
-
|
Last Close Price
1.84
CNY Average target price
2.137
CNY Spread / Average Target +16.12% Consensus |
1st Jan change
|
Capi.
|
---|
| -5.15% | 765M | | +27.77% | 6B | | +32.70% | 2.61B | | -4.75% | 1.58B | | +7.19% | 1.5B | | -17.32% | 1.19B | | +18.49% | 1.03B | | -17.90% | 872M | | -13.53% | 801M | | -5.89% | 778M |
Paper Mills & Products
|