CENTRAL CHINA MANAGEMENT COMPANY LIMITED

Financials Central China Management Company Limited

Equities

9982

KYG206AR1059

Construction & Engineering

Market Closed - Hong Kong S.E. Other stock markets 08:08:03 28/03/2024 GMT			5-day change	1st Jan Change
0.11 ^HKD	+5.77%		-.--%	-63.93%

05-10	Central China Management Contracted Sales Decline in January-April Period	MT
04-09	Central China Management Contracted Sales Decline in the First Quarter	MT

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	4,235	1,826	392.7	392.7	-
Enterprise Value (EV) ¹	2,259	261.9	-1,093	-1,157	-1,221
P/E ratio	5.28 x	6.03 x	1.27 x	1.13 x	1.13 x
Yield	11.7%	13.4%	59.1%	59.1%	68.9%
Capitalization / Revenue	3.25 x	3.02 x	0.59 x	0.57 x	0.56 x
EV / Revenue	1.74 x	0.43 x	-1.64 x	-1.68 x	-1.73 x
EV / EBITDA	2.19 x	0.62 x	-2.93 x	-2.93 x	-2.84 x
EV / FCF	4,400,534 x	1,961,907 x	-	-	-
FCF Yield	0%	0%	-	-	-
Price to Book	1.83 x	0.84 x	-	-	-
Nbr of stocks (in thousands)	3,289,706	3,282,662	3,865,617	3,865,617	-
Reference price ²	1.287	0.5564	0.1016	0.1016	0.1016
Announcement Date	15/03/22	20/03/23	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net sales ¹	1,152	1,301	605.7	667.1	688.6	706.8
EBITDA ¹	-	1,032	423.9	373.5	394.5	430.1
EBIT ¹	-	1,014	405.1	451.6	430.4	425.5
Operating Margin	-	77.92%	66.89%	67.69%	62.5%	60.2%
Earnings before Tax (EBT)	-	1,013	403.6	-	-	-
Net income ¹	681.5	770.2	303.5	278.9	285.3	311.6
Net margin	59.15%	59.18%	50.11%	41.8%	41.43%	44.09%
EPS ²	-	0.2439	0.0923	0.0800	0.0900	0.0900
Free Cash Flow	-	513.4	133.5	-	-	-
FCF margin	-	39.45%	22.04%	-	-	-
FCF Conversion (EBITDA)	-	49.74%	31.48%	-	-	-
FCF Conversion (Net income)	-	66.67%	43.98%	-	-	-
Dividend per Share ²	-	0.1506	0.0746	0.0600	0.0600	0.0700
Announcement Date	04/05/21	15/03/22	20/03/23	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	204.4
Net margin	-
EPS ²	0.0621
Dividend per Share	-
Announcement Date	30/08/22

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	-	1,976	1,565	1,486	1,550	1,614
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	513	133	-	-	-
ROE (net income / shareholders' equity)	-	46.3%	13.5%	12.3%	12.2%	12.8%
ROA (Net income/ Total Assets)	-	33.7%	10.9%	10.2%	10%	10.5%
Assets ¹	-	2,285	2,794	2,734	2,853	2,968
Book Value Per Share	-	0.7000	0.6600	-	-	-
Cash Flow per Share	-	0.1700	0.0400	-	-	-
Capex ¹	-	13	8.58	15	15	15
Capex / Sales	-	1%	1.42%	2.25%	2.18%	2.12%
Announcement Date	04/05/21	15/03/22	20/03/23	-	-	-

¹CNY in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Central China Management Company Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.1016 CNY

Average target price

1.281 CNY

Spread / Average Target

+1,161.08%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Construction & Engineering

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CENTRAL CHINA MANAGEMENT COMPANY LIMITED	-63.93%	54.43M
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CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+35.34%	18.01B

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