End-of-day quote
Shenzhen S.E.
23:00:00 02/07/2024 BST
|
5-day change
|
1st Jan Change
|
1.49
HKD
|
+0.68%
|
|
+4.20%
|
-6.88%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
12,391
|
14,075
|
15,710
|
10,935
|
8,358
|
7,645
|
-
|
-
|
Enterprise Value (EV)
1 |
46,029
|
45,885
|
47,146
|
41,976
|
38,022
|
36,302
|
35,511
|
33,195
|
P/E ratio
|
15.4
x
|
17.8
x
|
12.9
x
|
166
x
|
-8.62
x
|
-25.3
x
|
-59
x
|
-708
x
|
Yield
|
2.95%
|
2.88%
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
0.41
x
|
0.46
x
|
0.48
x
|
0.34
x
|
0.31
x
|
0.28
x
|
0.27
x
|
0.26
x
|
EV / Revenue
|
1.51
x
|
1.49
x
|
1.43
x
|
1.31
x
|
1.43
x
|
1.31
x
|
1.24
x
|
1.13
x
|
EV / EBITDA
|
6.73
x
|
11.7
x
|
6.77
x
|
9.72
x
|
21.1
x
|
19.4
x
|
19.8
x
|
19.2
x
|
EV / FCF
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Price to Book
|
0.59
x
|
1.02
x
|
1.13
x
|
0.82
x
|
-
|
0.6
x
|
0.58
x
|
0.56
x
|
Nbr of stocks (in thousands)
|
2,904,608
|
2,904,608
|
2,904,608
|
2,900,142
|
2,877,213
|
2,877,213
|
-
|
-
|
Reference price
2 |
5.090
|
6.420
|
7.240
|
4.980
|
3.880
|
3.540
|
3.540
|
3.540
|
Announcement Date
|
27/03/20
|
25/03/21
|
30/03/22
|
30/03/23
|
28/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
30,395
|
30,737
|
33,020
|
32,004
|
26,609
|
27,654
|
28,637
|
29,437
|
EBITDA
1 |
6,835
|
3,905
|
6,961
|
4,319
|
1,804
|
1,867
|
1,796
|
1,729
|
EBIT
1 |
1,584
|
1,585
|
4,543
|
2,001
|
-515.4
|
-193.6
|
-206.6
|
-218.1
|
Operating Margin
|
5.21%
|
5.16%
|
13.76%
|
6.25%
|
-1.94%
|
-0.7%
|
-0.72%
|
-0.74%
|
Earnings before Tax (EBT)
1 |
2,048
|
2,172
|
2,306
|
182.3
|
-
|
148.3
|
602.8
|
829.6
|
Net income
1 |
1,657
|
1,712
|
2,066
|
189.3
|
-1,281
|
-419.6
|
-175.9
|
-20.1
|
Net margin
|
5.45%
|
5.57%
|
6.26%
|
0.59%
|
-4.82%
|
-1.52%
|
-0.61%
|
-0.07%
|
EPS
2 |
0.3300
|
0.3600
|
0.5600
|
0.0300
|
-0.4500
|
-0.1400
|
-0.0600
|
-0.005000
|
Free Cash Flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.1500
|
0.1850
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
27/03/20
|
25/03/21
|
30/03/22
|
30/03/23
|
28/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
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 |
17,047
|
13,600
|
17,137
|
17,173
|
15,847
|
16,676
|
15,328
|
12,565
|
14,044
|
13,187
|
13,193
|
13,197
|
13,321
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
-
|
-
|
-
|
2,324
|
1,072
|
284.5
|
1,716
|
-903.9
|
-403.7
|
-78.3
|
-115.3
|
-109.6
|
-96.97
|
Operating Margin
|
-
|
-
|
-
|
13.53%
|
6.76%
|
1.71%
|
11.2%
|
-7.19%
|
-2.87%
|
-0.59%
|
-0.87%
|
-0.83%
|
-0.73%
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
2 |
0.3170
|
0.0510
|
0.3100
|
0.6040
|
-0.0440
|
0.0640
|
-0.0340
|
-0.2500
|
-0.2000
|
-0.1600
|
-0.1700
|
-0.1700
|
-0.1600
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
27/03/20
|
10/08/20
|
25/03/21
|
26/08/21
|
30/03/22
|
30/08/22
|
30/03/23
|
30/08/23
|
28/03/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
33,638
|
31,809
|
31,436
|
31,040
|
29,664
|
28,657
|
27,866
|
25,550
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
4.921
x
|
8.145
x
|
4.516
x
|
7.187
x
|
16.44
x
|
15.35
x
|
15.52
x
|
14.78
x
|
Free Cash Flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
ROE (net income / shareholders' equity)
|
5.57%
|
5.84%
|
9.53%
|
0.55%
|
-
|
0.82%
|
3.39%
|
4.69%
|
ROA (Net income/ Total Assets)
|
1.63%
|
1.81%
|
2.37%
|
-
|
-
|
-
|
-
|
-
|
Assets
1 |
101,630
|
94,744
|
87,208
|
-
|
-
|
-
|
-
|
-
|
Book Value Per Share
2 |
8.670
|
6.300
|
6.400
|
6.070
|
-
|
5.940
|
6.090
|
6.340
|
Cash Flow per Share
2 |
4.210
|
3.770
|
2.880
|
1.160
|
-
|
-0.2900
|
2.970
|
0.3700
|
Capex
|
975
|
122
|
415
|
653
|
-
|
-
|
-
|
-
|
Capex / Sales
|
3.21%
|
0.4%
|
1.26%
|
2.04%
|
-
|
-
|
-
|
-
|
Announcement Date
|
27/03/20
|
25/03/21
|
30/03/22
|
30/03/23
|
28/03/24
|
-
|
-
|
-
|
Mean consensus UNDERPERFORM Last Close Price
3.54
CNY Average target price
2.3
CNY Spread / Average Target -35.03% Consensus |
1st Jan change
|
Capi.
|
---|
| -5.26% | 18.49B | | +1.13% | 10.09B | | -2.94% | 6.16B | | +3.76% | 4.57B | | +13.52% | 3.78B | | +92.42% | 3.19B | | +8.06% | 2.91B | | +13.57% | 1.78B | | +16.58% | 1.61B |
Other Paper Products
|