Financials LianChuang Electronic Technology Co.,Ltd

Equities

002036

CNE000001L07

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. 23:00:00 29/04/2024 BST 5-day change 1st Jan Change
7.52 CNY -1.31% Intraday chart for LianChuang Electronic Technology Co.,Ltd +5.17% -26.35%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 12,167 10,835 25,784 13,277 10,910 8,036 -
Enterprise Value (EV) 1 12,167 10,835 28,601 16,557 15,905 12,569 12,449
P/E ratio 46 x 60.8 x 243 x 137 x -11 x 27.5 x 15.2 x
Yield 0.06% - 0.05% 0.07% - 1.49% 2.66%
Capitalization / Revenue 2 x - 2.44 x 1.21 x 1.11 x 0.66 x 0.58 x
EV / Revenue 2 x - 2.71 x 1.51 x 1.62 x 1.04 x 0.9 x
EV / EBITDA - - 44.3 x 26.5 x -42.3 x 13.4 x 9.83 x
EV / FCF - - -72.9 x -36.7 x -11 x -8.29 x -102 x
FCF Yield - - -1.37% -2.72% -9.06% -12.1% -0.98%
Price to Book 5.27 x - 6.95 x 3.54 x 3.95 x 2 x 1.81 x
Nbr of stocks (in thousands) 929,879 1,047,896 1,062,825 1,073,346 1,068,559 1,068,567 -
Reference price 2 13.08 10.34 24.26 12.37 10.21 7.520 7.520
Announcement Date 27/04/20 27/04/21 25/04/22 24/04/23 29/04/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 6,082 - 10,558 10,935 9,848 12,096 13,781
EBITDA 1 - - 645.5 624.8 -376.3 938.3 1,267
EBIT 1 300.9 - 319.8 68.12 -1,049 407.2 656.5
Operating Margin 4.95% - 3.03% 0.62% -10.65% 3.37% 4.76%
Earnings before Tax (EBT) 1 301.9 - 87.92 68.02 -1,074 286.3 536.8
Net income 1 267.3 164.4 112.4 92.79 -992.4 291 577
Net margin 4.4% - 1.06% 0.85% -10.08% 2.41% 4.19%
EPS 2 0.2846 0.1700 0.1000 0.0900 -0.9300 0.2730 0.4940
Free Cash Flow 1 - - -392.2 -450.6 -1,441 -1,516 -121.9
FCF margin - - -3.71% -4.12% -14.63% -12.53% -0.88%
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.007690 - 0.0110 0.009000 - 0.1124 0.2000
Announcement Date 27/04/20 27/04/21 25/04/22 24/04/23 29/04/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q4 2021 S2 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 3,437 5,747 2,868 4,873 3,030 3,032 6,062 1,958 2,242 4,200 2,890 2,758 - 2,465 2,527 3,085 -
EBITDA 1 - - - 196.2 - 206.9 - - - - - - - - - 180.4 355.5 -
EBIT 1 - 47.99 159.5 69.11 106.5 114.3 -152.6 -38.35 -191.7 -104.8 -296.5 -19.66 -692.3 -752.4 -79.06 37.24 207.1 -
Operating Margin - 1.4% 2.78% 2.41% 2.18% 3.77% -5.03% -0.63% -9.79% -4.68% -7.06% -0.68% -25.1% - -3.21% 1.47% 6.71% -
Earnings before Tax (EBT) - -110.1 -12.04 - 106.5 - -153.1 -38.52 - - -297.1 - - -777.3 - - - -
Net income 1 97.42 -75.82 15.02 63.26 103.4 100.7 -111.3 -10.59 -177.5 -102 -279.5 -48.91 -664 -712.9 -68.96 32.36 207.6 -
Net margin - -2.21% 0.26% 2.21% 2.12% 3.32% -3.67% -0.17% -9.07% -4.55% -6.65% -1.69% -24.07% - -2.8% 1.28% 6.73% -
EPS 2 0.0911 - 0.0100 0.0558 0.0958 0.0900 -0.1000 -0.0100 -0.1700 -0.0900 -0.2603 -0.0456 -0.6200 - -0.0600 0.0501 0.1521 0.0100
Dividend per Share - - - - - - - - - - - - - - - - - -
Announcement Date 23/08/21 25/04/22 25/04/22 08/08/22 08/08/22 27/10/22 24/04/23 24/04/23 24/04/23 30/08/23 30/08/23 30/10/23 29/04/24 29/04/24 29/04/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - 2,817 3,280 4,995 4,533 4,414
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - 4.363 x 5.249 x -13.27 x 4.832 x 3.485 x
Free Cash Flow 1 - - -392 -451 -1,441 -1,516 -122
ROE (net income / shareholders' equity) 12.3% 6.39% 3.06% 2.49% -29.8% 5.54% 9.36%
ROA (Net income/ Total Assets) 3.37% - 0.89% - - 1.9% 3.53%
Assets 1 7,926 - 12,662 - - 15,354 16,329
Book Value Per Share 2 2.480 - 3.490 3.490 2.580 3.770 4.160
Cash Flow per Share 2 0.4400 - 0.5200 0.7100 0.2000 0.8400 1.290
Capex 1 667 - 943 1,217 1,651 834 749
Capex / Sales 10.96% - 8.93% 11.13% 16.76% 6.9% 5.44%
Announcement Date 27/04/20 27/04/21 25/04/22 24/04/23 29/04/24 - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
7.52 CNY
Average target price
12.71 CNY
Spread / Average Target
+69.04%
Consensus
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