End-of-day quote
Shanghai S.E.
23:00:00 25/04/2024 BST
|
5-day change
|
1st Jan Change
|
29.43
CNY
|
+1.03%
|
|
+12.33%
|
+4.73%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
31,348
|
53,096
|
29,274
|
28,426
|
21,665
|
22,571
|
-
|
-
|
Enterprise Value (EV)
1 |
31,182
|
53,214
|
28,727
|
27,800
|
21,265
|
21,134
|
20,636
|
20,773
|
P/E ratio
|
43.7
x
|
59.7
x
|
40.3
x
|
-48
x
|
12.8
x
|
29.9
x
|
24.6
x
|
19.4
x
|
Yield
|
0.71%
|
1.02%
|
0.79%
|
-
|
1.42%
|
1.17%
|
1.44%
|
1.7%
|
Capitalization / Revenue
|
6.71
x
|
10.4
x
|
5.72
x
|
5.32
x
|
4.22
x
|
3.91
x
|
3.35
x
|
2.83
x
|
EV / Revenue
|
6.67
x
|
10.4
x
|
5.62
x
|
5.2
x
|
4.14
x
|
3.66
x
|
3.06
x
|
2.61
x
|
EV / EBITDA
|
29.1
x
|
40.2
x
|
27.8
x
|
31.5
x
|
25.9
x
|
19.8
x
|
15.7
x
|
13.3
x
|
EV / FCF
|
37.7
x
|
78.9
x
|
33.9
x
|
82.5
x
|
37.2
x
|
27.3
x
|
25.8
x
|
20.6
x
|
FCF Yield
|
2.65%
|
1.27%
|
2.95%
|
1.21%
|
2.69%
|
3.66%
|
3.87%
|
4.86%
|
Price to Book
|
7.94
x
|
11.5
x
|
7.89
x
|
9.62
x
|
4.69
x
|
4.42
x
|
4.12
x
|
3.43
x
|
Nbr of stocks (in thousands)
|
796,637
|
796,637
|
770,988
|
770,988
|
770,988
|
766,925
|
-
|
-
|
Reference price
2 |
39.35
|
66.65
|
37.97
|
36.87
|
28.10
|
29.43
|
29.43
|
29.43
|
Announcement Date
|
28/02/20
|
12/03/21
|
28/01/22
|
20/03/23
|
29/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
4,675
|
5,123
|
5,116
|
5,341
|
5,139
|
5,771
|
6,738
|
7,964
|
EBITDA
1 |
1,072
|
1,322
|
1,035
|
883.7
|
820.9
|
1,068
|
1,314
|
1,564
|
EBIT
1 |
930.9
|
1,169
|
877.5
|
705.7
|
632.8
|
889.9
|
1,095
|
1,368
|
Operating Margin
|
19.91%
|
22.81%
|
17.15%
|
13.21%
|
12.31%
|
15.42%
|
16.25%
|
17.18%
|
Earnings before Tax (EBT)
1 |
928
|
1,130
|
876.5
|
-474.4
|
1,802
|
901.5
|
1,120
|
1,400
|
Net income
1 |
717.9
|
889.9
|
742
|
-592.2
|
1,697
|
768.1
|
936.5
|
1,182
|
Net margin
|
15.36%
|
17.37%
|
14.5%
|
-11.09%
|
33.02%
|
13.31%
|
13.9%
|
14.84%
|
EPS
2 |
0.9012
|
1.117
|
0.9431
|
-0.7682
|
2.201
|
0.9836
|
1.198
|
1.516
|
Free Cash Flow
1 |
826.5
|
674.4
|
846.3
|
336.8
|
571.1
|
773
|
799
|
1,010
|
FCF margin
|
17.68%
|
13.16%
|
16.54%
|
6.31%
|
11.11%
|
13.39%
|
11.86%
|
12.68%
|
FCF Conversion (EBITDA)
|
77.11%
|
51%
|
81.77%
|
38.12%
|
69.57%
|
72.35%
|
60.83%
|
64.53%
|
FCF Conversion (Net income)
|
115.12%
|
75.78%
|
114.06%
|
-
|
33.65%
|
100.63%
|
85.31%
|
85.41%
|
Dividend per Share
2 |
0.2800
|
0.6800
|
0.3000
|
-
|
0.4000
|
0.3446
|
0.4241
|
0.4992
|
Announcement Date
|
28/02/20
|
12/03/21
|
28/01/22
|
20/03/23
|
29/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
1,704
|
2,800
|
-
|
1,305
|
2,652
|
1,304
|
1,385
|
1,367
|
1,288
|
1,299
|
1,186
|
1,485
|
1,435
|
1,441
|
1,345
|
-
|
-
|
EBITDA
1 |
453.3
|
-
|
-
|
217.7
|
-
|
172.5
|
-
|
-
|
-
|
-
|
-
|
-
|
259.2
|
259.2
|
238.5
|
-
|
-
|
EBIT
1 |
410.9
|
517.1
|
-
|
194.2
|
-
|
128.9
|
184.1
|
183.9
|
181.6
|
209.4
|
57.95
|
307.4
|
226.7
|
230
|
180.8
|
-
|
-
|
Operating Margin
|
24.12%
|
18.47%
|
-
|
14.88%
|
-
|
9.89%
|
13.29%
|
13.46%
|
14.1%
|
16.12%
|
4.89%
|
20.7%
|
15.8%
|
15.96%
|
13.45%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
411
|
516.2
|
-
|
193
|
-
|
129.4
|
-993.5
|
184.6
|
-1,556
|
209
|
2,964
|
306.7
|
222
|
222
|
204.3
|
-
|
-
|
Net income
1 |
375.2
|
462.1
|
-
|
154.7
|
313.1
|
105.6
|
-1,011
|
149.7
|
-1,593
|
170.4
|
2,969
|
239
|
187.3
|
187.3
|
172.3
|
-
|
-
|
Net margin
|
22.02%
|
16.51%
|
-
|
11.85%
|
11.81%
|
8.1%
|
-72.99%
|
10.95%
|
-123.68%
|
13.12%
|
250.34%
|
16.1%
|
13.05%
|
13%
|
12.82%
|
-
|
-
|
EPS
2 |
0.4800
|
-
|
0.2055
|
0.2000
|
-
|
0.1300
|
-1.310
|
0.1941
|
-2.060
|
0.2200
|
3.850
|
0.3117
|
0.2385
|
0.2385
|
0.2194
|
-
|
-
|
Dividend per Share
2 |
0.3000
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.4770
|
-
|
-
|
Announcement Date
|
28/01/22
|
28/01/22
|
24/04/22
|
18/08/22
|
18/08/22
|
27/10/22
|
20/03/23
|
26/04/23
|
30/08/23
|
18/10/23
|
29/03/24
|
23/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
119
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
166
|
-
|
547
|
627
|
400
|
1,437
|
1,935
|
1,798
|
Leverage (Debt/EBITDA)
|
-
|
0.0896
x
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
826
|
674
|
846
|
337
|
571
|
773
|
799
|
1,010
|
ROE (net income / shareholders' equity)
|
19.4%
|
21%
|
17.5%
|
-17.4%
|
44%
|
15.1%
|
16.7%
|
18%
|
ROA (Net income/ Total Assets)
|
12%
|
14.1%
|
12%
|
9.16%
|
-
|
11.2%
|
12.3%
|
13.5%
|
Assets
1 |
5,969
|
6,306
|
6,196
|
-6,464
|
-
|
6,879
|
7,602
|
8,734
|
Book Value Per Share
2 |
4.960
|
5.790
|
4.810
|
3.830
|
5.990
|
6.660
|
7.150
|
8.580
|
Cash Flow per Share
2 |
1.330
|
1.260
|
1.520
|
0.8600
|
1.070
|
1.060
|
1.230
|
1.610
|
Capex
1 |
232
|
327
|
366
|
341
|
271
|
272
|
287
|
337
|
Capex / Sales
|
4.97%
|
6.38%
|
7.16%
|
6.38%
|
5.27%
|
4.72%
|
4.26%
|
4.23%
|
Announcement Date
|
28/02/20
|
12/03/21
|
28/01/22
|
20/03/23
|
29/03/24
|
-
|
-
|
-
|
Last Close Price
29.43
CNY Average target price
35.5
CNY Spread / Average Target +20.62% Consensus |
1st Jan change
|
Capi.
|
---|
| +4.73% | 3.11B | | +2.35% | 29.8B | | +4.50% | 21.6B | | +13.39% | 11.83B | | +12.40% | 5.15B | | +11.10% | 4.21B | | -16.49% | 3.48B | | -3.79% | 3.14B | | +27.19% | 2.79B | | -14.60% | 2.34B |
Food Ingredients
|