Market Closed -
Hong Kong S.E.
09:08:20 26/04/2024 BST
|
5-day change
|
1st Jan Change
|
11
HKD
|
+12.24%
|
|
+20.88%
|
-12.00%
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Capitalization
1 |
122,017
|
195,163
|
231,502
|
181,644
|
134,810
|
68,907
|
68,907
|
-
|
Enterprise Value (EV)
1 |
196,573
|
300,046
|
231,502
|
321,836
|
270,194
|
74,891
|
188,763
|
201,257
|
P/E ratio
|
7.53
x
|
10.6
x
|
11.4
x
|
7.49
x
|
5.3
x
|
5.52
x
|
5.5
x
|
5.3
x
|
Yield
|
4.82%
|
3.68%
|
-
|
5.68%
|
5.27%
|
6.91%
|
5.27%
|
5.76%
|
Capitalization / Revenue
|
1.05
x
|
1.29
x
|
1.25
x
|
0.81
x
|
0.54
x
|
0.41
x
|
0.41
x
|
0.42
x
|
EV / Revenue
|
1.7
x
|
1.99
x
|
1.25
x
|
1.44
x
|
1.08
x
|
0.41
x
|
1.12
x
|
1.22
x
|
EV / EBITDA
|
6.31
x
|
7.43
x
|
5.52
x
|
7.9
x
|
6.54
x
|
3.72
x
|
8.96
x
|
8.73
x
|
EV / FCF
|
2.85
x
|
16.5
x
|
9.58
x
|
11.5
x
|
27.6
x
|
6.31
x
|
7.77
x
|
6.5
x
|
FCF Yield
|
35.1%
|
6.05%
|
10.4%
|
8.7%
|
3.63%
|
15.8%
|
12.9%
|
15.4%
|
Price to Book
|
1.49
x
|
2.03
x
|
2.14
x
|
1.41
x
|
0.95
x
|
0.42
x
|
0.42
x
|
0.39
x
|
Nbr of stocks (in thousands)
|
5,938,372
|
5,983,111
|
6,058,514
|
6,074,310
|
6,281,542
|
6,767,287
|
6,767,287
|
-
|
Reference price
2 |
20.55
|
32.62
|
38.21
|
29.90
|
21.46
|
10.18
|
10.18
|
10.18
|
Announcement Date
|
25/03/19
|
24/03/20
|
26/03/21
|
25/03/22
|
17/03/23
|
22/03/24
|
-
|
-
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net sales
1 |
115,798
|
151,026
|
184,547
|
223,375
|
250,565
|
180,737
|
167,798
|
165,005
|
EBITDA
1 |
31,161
|
40,384
|
41,960
|
40,745
|
41,344
|
20,121
|
21,078
|
23,062
|
EBIT
1 |
30,939
|
40,242
|
41,702
|
40,256
|
40,906
|
19,819
|
19,977
|
21,970
|
Operating Margin
|
26.72%
|
26.65%
|
22.6%
|
18.02%
|
16.33%
|
10.97%
|
11.91%
|
13.31%
|
Earnings before Tax (EBT)
1 |
37,483
|
45,961
|
46,370
|
47,627
|
45,822
|
24,729
|
22,442
|
24,269
|
Net income
1 |
16,237
|
18,337
|
20,002
|
23,854
|
24,362
|
12,850
|
12,092
|
12,952
|
Net margin
|
14.02%
|
12.14%
|
10.84%
|
10.68%
|
9.72%
|
7.11%
|
7.21%
|
7.85%
|
EPS
2 |
2.730
|
3.070
|
3.340
|
3.990
|
4.050
|
2.060
|
1.851
|
1.921
|
Free Cash Flow
1 |
68,933
|
18,148
|
24,163
|
28,009
|
9,807
|
33,338
|
24,293
|
30,946
|
FCF margin
|
59.53%
|
12.02%
|
13.09%
|
12.54%
|
3.91%
|
16.64%
|
14.48%
|
18.75%
|
FCF Conversion (EBITDA)
|
221.21%
|
44.94%
|
57.59%
|
68.74%
|
23.72%
|
122.43%
|
115.25%
|
134.18%
|
FCF Conversion (Net income)
|
424.54%
|
98.97%
|
120.8%
|
117.42%
|
40.26%
|
207.58%
|
200.89%
|
238.93%
|
Dividend per Share
2 |
0.9900
|
1.200
|
-
|
1.700
|
1.130
|
0.7038
|
0.5368
|
0.5860
|
Announcement Date
|
25/03/19
|
24/03/20
|
26/03/21
|
25/03/22
|
17/03/23
|
22/03/24
|
-
|
-
|
Fiscal Period: December |
2019 S1
|
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
38,570
|
112,457
|
51,141
|
133,406
|
60,615
|
162,760
|
94,805
|
155,761
|
62,044
|
118,692
|
66,012
|
113,333
|
71,418
|
107,127
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
11,208
|
8,271
|
11,241
|
-
|
-
|
Operating Margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
9.44%
|
12.53%
|
9.92%
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
-
|
6,339
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
12.39%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.7520
|
0.9900
|
1.180
|
-
|
-
|
Dividend per Share
2 |
0.3600
|
-
|
0.4000
|
-
|
0.4700
|
-
|
-
|
-
|
-
|
0.5180
|
0.3300
|
0.3170
|
-
|
-
|
Announcement Date
|
26/08/19
|
24/03/20
|
26/08/20
|
26/03/21
|
25/08/21
|
25/03/22
|
26/08/22
|
17/03/23
|
18/08/23
|
22/03/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2018
|
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
---|
Net Debt
1 |
74,556
|
104,883
|
-
|
140,193
|
135,384
|
141,610
|
119,856
|
132,350
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.393
x
|
2.597
x
|
-
|
3.441
x
|
3.275
x
|
5.2
x
|
5.686
x
|
5.739
x
|
Free Cash Flow
1 |
68,933
|
18,148
|
24,163
|
28,009
|
9,807
|
33,338
|
24,293
|
30,946
|
ROE (net income / shareholders' equity)
|
21.3%
|
20.9%
|
19.8%
|
20.4%
|
16.9%
|
10.2%
|
7.54%
|
7.49%
|
ROA (Net income/ Total Assets)
|
3.73%
|
3.16%
|
2.82%
|
2.91%
|
2.71%
|
2.1%
|
1.94%
|
1.97%
|
Assets
1 |
434,827
|
579,556
|
708,714
|
820,391
|
898,405
|
764,697
|
624,717
|
656,903
|
Book Value Per Share
2 |
13.80
|
16.00
|
17.90
|
21.20
|
22.60
|
24.30
|
24.50
|
25.80
|
Cash Flow per Share
2 |
13.10
|
5.730
|
6.140
|
4.770
|
1.660
|
1.190
|
6.230
|
6.730
|
Capex
1 |
8,941
|
16,128
|
12,567
|
523
|
154
|
7,852
|
10,086
|
9,544
|
Capex / Sales
|
7.72%
|
10.68%
|
6.81%
|
0.23%
|
0.06%
|
3.92%
|
6.01%
|
5.78%
|
Announcement Date
|
25/03/19
|
24/03/20
|
26/03/21
|
25/03/22
|
17/03/23
|
22/03/24
|
-
|
-
|
Last Close Price
10.18
CNY Average target price
12.78
CNY Spread / Average Target +25.56% Consensus |