Market Closed -
Hong Kong S.E.
09:08:12 17/06/2024 BST
|
5-day change
|
1st Jan Change
|
108.7
CNY
|
+2.16%
|
|
+1.12%
|
+46.30%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
528,942
|
1,458,935
|
1,126,918
|
955,524
|
464,829
|
657,601
|
-
|
-
|
Enterprise Value (EV)
1 |
471,657
|
1,421,899
|
1,069,041
|
881,605
|
354,838
|
528,166
|
480,232
|
423,261
|
P/E ratio
|
240
x
|
318
x
|
-47.1
x
|
-142
x
|
35.3
x
|
24.5
x
|
16.6
x
|
12.9
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
5.42
x
|
12.7
x
|
6.29
x
|
4.34
x
|
1.68
x
|
1.99
x
|
1.72
x
|
1.51
x
|
EV / Revenue
|
4.84
x
|
12.4
x
|
5.97
x
|
4.01
x
|
1.28
x
|
1.6
x
|
1.26
x
|
0.97
x
|
EV / EBITDA
|
65
x
|
300
x
|
-110
x
|
90.7
x
|
14.9
x
|
13
x
|
8.76
x
|
6.03
x
|
EV / FCF
|
183
x
|
-518
x
|
-82.1
x
|
155
x
|
10.5
x
|
17.7
x
|
10.2
x
|
7.39
x
|
FCF Yield
|
0.55%
|
-0.19%
|
-1.22%
|
0.64%
|
9.48%
|
5.64%
|
9.77%
|
13.5%
|
Price to Book
|
5.7
x
|
14.8
x
|
8.83
x
|
7.42
x
|
3.06
x
|
3.7
x
|
2.98
x
|
2.37
x
|
Nbr of stocks (in thousands)
|
5,808,400
|
5,883,965
|
6,135,944
|
6,192,973
|
6,244,376
|
6,172,590
|
-
|
-
|
Reference price
2 |
91.07
|
248.0
|
183.7
|
154.3
|
74.44
|
106.5
|
106.5
|
106.5
|
Announcement Date
|
30/03/20
|
26/03/21
|
25/03/22
|
24/03/23
|
22/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
97,529
|
114,795
|
179,128
|
219,955
|
276,745
|
329,986
|
382,421
|
435,349
|
EBITDA
1 |
7,254
|
4,738
|
-9,694
|
9,725
|
23,878
|
40,722
|
54,837
|
70,179
|
EBIT
1 |
2,700
|
4,330
|
-23,127
|
-5,820
|
13,415
|
30,315
|
43,616
|
57,175
|
Operating Margin
|
2.77%
|
3.77%
|
-12.91%
|
-2.65%
|
4.85%
|
9.19%
|
11.41%
|
13.13%
|
Earnings before Tax (EBT)
1 |
2,762
|
4,438
|
-23,566
|
-6,756
|
14,022
|
28,396
|
43,273
|
57,337
|
Net income
1 |
2,239
|
4,708
|
-23,538
|
-6,686
|
13,856
|
26,535
|
39,540
|
51,055
|
Net margin
|
2.3%
|
4.1%
|
-13.14%
|
-3.04%
|
5.01%
|
8.04%
|
10.34%
|
11.73%
|
EPS
2 |
0.3800
|
0.7800
|
-3.900
|
-1.090
|
2.110
|
4.352
|
6.409
|
8.286
|
Free Cash Flow
1 |
2,574
|
-2,748
|
-13,022
|
5,680
|
33,642
|
29,810
|
46,938
|
57,300
|
FCF margin
|
2.64%
|
-2.39%
|
-7.27%
|
2.58%
|
12.16%
|
9.03%
|
12.27%
|
13.16%
|
FCF Conversion (EBITDA)
|
35.49%
|
-
|
-
|
58.41%
|
140.89%
|
73.2%
|
85.6%
|
81.65%
|
FCF Conversion (Net income)
|
114.98%
|
-
|
-
|
-
|
242.8%
|
112.34%
|
118.71%
|
112.23%
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
30/03/20
|
26/03/21
|
25/03/22
|
24/03/23
|
22/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
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 |
49,523
|
46,269
|
50,938
|
62,619
|
60,129
|
58,617
|
67,965
|
76,467
|
73,696
|
73,276
|
80,161
|
89,061
|
85,638
|
82,380
|
90,117
|
EBITDA
1 |
-2,010
|
-1,841
|
3,803
|
4,802
|
2,961
|
6,262
|
7,682
|
6,189
|
3,744
|
8,070
|
12,048
|
11,438
|
9,892
|
13,740
|
-
|
EBIT
1 |
-5,006
|
-5,584
|
-492.8
|
988.2
|
-731.6
|
3,586
|
4,713
|
3,359
|
1,758
|
5,209
|
9,689
|
8,993
|
7,862
|
8,783
|
10,794
|
Operating Margin
|
-10.11%
|
-12.07%
|
-0.97%
|
1.58%
|
-1.22%
|
6.12%
|
6.93%
|
4.39%
|
2.39%
|
7.11%
|
12.09%
|
10.1%
|
9.18%
|
10.66%
|
11.98%
|
Earnings before Tax (EBT)
1 |
-5,344
|
-5,758
|
-1,121
|
1,209
|
-1,085
|
3,367
|
4,699
|
3,643
|
2,313
|
5,481
|
9,242
|
8,127
|
6,884
|
8,498
|
8,237
|
Net income
1 |
-5,339
|
-5,703
|
-1,117
|
1,216
|
-1,083
|
3,358
|
4,688
|
3,593
|
2,216
|
5,369
|
7,901
|
7,200
|
6,313
|
-
|
-
|
Net margin
|
-10.78%
|
-12.32%
|
-2.19%
|
1.94%
|
-1.8%
|
5.73%
|
6.9%
|
4.7%
|
3.01%
|
7.33%
|
9.86%
|
8.08%
|
7.37%
|
-
|
-
|
EPS
2 |
-0.8800
|
-0.9220
|
-0.1800
|
0.2000
|
-0.1880
|
-
|
-
|
-
|
-
|
-
|
1.247
|
1.212
|
0.9902
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
25/03/22
|
02/06/22
|
26/08/22
|
25/11/22
|
24/03/23
|
25/05/23
|
24/08/23
|
28/11/23
|
22/03/24
|
06/06/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
57,286
|
37,036
|
57,876
|
73,919
|
109,991
|
129,435
|
177,369
|
234,340
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
2,574
|
-2,748
|
-13,022
|
5,680
|
33,642
|
29,810
|
46,938
|
57,301
|
ROE (net income / shareholders' equity)
|
2.51%
|
4.96%
|
-21.1%
|
-5.26%
|
9.87%
|
19%
|
21.7%
|
22.9%
|
ROA (Net income/ Total Assets)
|
1.77%
|
3.15%
|
-11.6%
|
-2.76%
|
5.16%
|
9.91%
|
11.6%
|
13.1%
|
Assets
1 |
126,334
|
149,295
|
203,614
|
242,602
|
268,756
|
267,697
|
341,453
|
391,117
|
Book Value Per Share
2 |
16.00
|
16.70
|
20.80
|
20.80
|
24.30
|
28.80
|
35.70
|
44.90
|
Cash Flow per Share
2 |
0.9400
|
1.410
|
-0.6600
|
1.850
|
6.430
|
6.600
|
9.360
|
12.00
|
Capex
1 |
3,000
|
11,223
|
9,010
|
5,731
|
6,880
|
8,347
|
9,181
|
9,771
|
Capex / Sales
|
3.08%
|
9.78%
|
5.03%
|
2.61%
|
2.49%
|
2.53%
|
2.4%
|
2.24%
|
Announcement Date
|
30/03/20
|
26/03/21
|
25/03/22
|
24/03/23
|
22/03/24
|
-
|
-
|
-
|
Last Close Price
106.5
CNY Average target price
133.9
CNY Spread / Average Target +25.71% Consensus |
1st Jan change
|
Capi.
|
---|
| +1.52% | 207B | | -3.27% | 177B | | -16.01% | 87.23B | | +0.81% | 80.21B | | +8.59% | 51.2B | | +20.06% | 26.4B | | +25.16% | 11.09B | | -14.75% | 8.17B | | -20.22% | 5.34B |
E-commerce & Auction Services
|