Financials Uni-President China Holdings Ltd

Equities

Delayed Hong Kong S.E. Other stock markets 06:19:24 19/06/2025 BST			5-day change	1st Jan Change
9.290 ^HKD	-2.42%		-8.74%	+18.95%

05-21	Robust Q1 25 earnings boost Uni-President's share price
05-09	Jefferies Adjusts Uni-President China Holdings' Price Target to HK$11.10 From HK$9.98, Keeps at Buy	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	22,762	25,231	28,257	28,591	30,332	32,573	34,334	36,329
Change	-	10.85%	12%	1.18%	6.09%	7.39%	5.41%	5.81%
EBITDA ¹	3,674	3,402	2,932	3,128	3,620	3,709	3,995	4,365
Change	-	-7.4%	-13.81%	6.67%	15.73%	2.46%	7.72%	9.25%
EBIT ¹	2,121	1,906	1,496	1,996	2,244	2,571	2,805	3,071
Change	-	-10.16%	-21.51%	33.47%	12.39%	14.58%	9.09%	9.5%
Interest Paid ¹	-57.21	-31.72	-60.68	-59.12	-72.21	-29.25	-31.5	-28
Earnings before Tax (EBT) ¹	2,326	2,142	1,731	2,240	2,484	2,949	3,173	3,502
Change	-	-7.94%	-19.19%	29.41%	10.89%	18.72%	7.59%	10.39%
Net income ¹	1,626	1,501	1,222	1,667	1,849	2,195	2,355	2,596
Change	-	-7.69%	-18.56%	36.4%	10.92%	18.69%	7.3%	10.24%
Announcement Date	19/03/21	07/03/22	08/03/23	06/03/24	05/03/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 Q3	2022 Q1	2022 Q2	2025 Q2
Net sales	-	-	-	-
Change	-	-	-	-
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT	-	-	-	-
Change	-	-	-	-
Charge d'intérêts	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-
Change	-	-	-	-
Net income ¹	280.3	307.2	307.2	593
Change	-	9.59%	0%	93.05%
Announcement Date	25/04/22	23/08/22	09/08/22	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2
Net sales ¹	10,945	13,007	12,224	13,940	14,318	14,572	14,019	15,449	14,883	16,740	15,785	17,731	16,618
Change	-	18.83%	-6.02%	14.04%	2.71%	1.78%	-3.79%	10.19%	-3.66%	12.48%	-5.71%	12.33%	-6.28%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	732	1,058	848.3	731.3	764.5	1,092	904.1	1,233	1,011	1,440	1,119	1,462	1,058
Change	-	44.48%	-19.79%	-13.79%	4.54%	42.89%	-17.24%	36.41%	-18.05%	42.49%	-22.31%	30.68%	-27.63%
Charge d'intérêts ¹	-31.91	-	-	-25.58	-35.09	-26.32	-32.8	-53.43	-18.77	-20	-20	-	-
Earnings before Tax (EBT) ¹	831.9	1,181	-	855.5	875.3	1,206	1,034	1,323	1,161	1,631	1,285	1,762	1,368
Change	-	42%	-	-	2.31%	37.74%	-14.21%	27.94%	-12.3%	40.54%	-21.21%	37.12%	-22.36%
Net income ¹	560.6	847.3	-	614.4	607.8	876.6	790.4	965.7	883.4	1,190	1,008	1,316	1,088
Change	-	51.14%	-	-	-1.07%	44.23%	-9.83%	22.17%	-8.52%	34.65%	-15.3%	30.62%	-17.36%
Announcement Date	19/03/21	10/08/21	07/03/22	09/08/22	08/03/23	09/08/23	06/03/24	07/08/24	05/03/25	-	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-861	-2,016	-2,354	-1,505	-3,206	-3,954	-3,965	-5,027
Change	-	-134.15%	-16.77%	36.07%	-113.02%	-23.35%	-0.28%	-26.78%
Announcement Date	19/03/21	07/03/22	08/03/23	06/03/24	05/03/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	385.1	437.3	545.9	1,079	696.9	906.8	904	997.3
Change	-	13.55%	24.83%	97.62%	-35.4%	30.12%	-0.31%	10.33%
Free Cash Flow (FCF) ¹	2,830	1,984	884.4	1,975	3,676	2,963	2,916	3,136
Change	-	-29.89%	-55.43%	123.28%	86.17%	-19.41%	-1.57%	7.52%
Announcement Date	19/03/21	07/03/22	08/03/23	06/03/24	05/03/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	16.14%	13.49%	10.38%	10.94%	11.94%	11.39%	11.64%	12.02%
EBIT Margin (%)	9.32%	7.55%	5.29%	6.98%	7.4%	7.89%	8.17%	8.45%
EBT Margin (%)	10.22%	8.49%	6.13%	7.83%	8.19%	9.05%	9.24%	9.64%
Net margin (%)	7.14%	5.95%	4.33%	5.83%	6.1%	6.74%	6.86%	7.15%
FCF margin (%)	12.43%	7.86%	3.13%	6.91%	12.12%	9.1%	8.49%	8.63%
FCF / Net Income (%)	174.08%	132.21%	72.36%	118.45%	198.82%	135%	123.84%	120.78%
Profitability
ROA	7.41%	6.8%	5.57%	7.59%	8.13%	9.27%	9.94%	10.54%
ROE	11.81%	10.85%	9.07%	12.55%	13.81%	16.2%	17.18%	19.16%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.69%	1.73%	1.93%	3.77%	2.3%	2.78%	2.63%	2.75%
CAPEX / EBITDA (%)	10.48%	12.85%	18.62%	34.49%	19.25%	24.45%	22.63%	22.85%
CAPEX / FCF (%)	13.61%	22.04%	61.73%	54.63%	18.96%	30.6%	31%	31.81%
Items per share
Cash flow per share ¹	0.7444	0.5606	0.3311	0.7069	1.012	0.7959	0.8499	0.9008
Change	-	-24.69%	-40.94%	113.5%	43.23%	-21.39%	6.79%	5.98%
Dividend per Share ¹	0.3764	0.4169	0.3395	0.4245	0.4281	0.514	0.5499	0.6086
Change	-	10.76%	-18.57%	25.04%	0.85%	20.07%	6.97%	10.68%
Book Value Per Share ¹	3.215	3.187	3.052	3.098	3.102	3.207	3.235	3.244
Change	-	-0.87%	-4.24%	1.53%	0.12%	3.4%	0.85%	0.29%
EPS ¹	0.3764	0.3474	0.283	0.386	0.4281	0.5074	0.5453	0.6016
Change	-	-7.7%	-18.54%	36.4%	10.91%	18.53%	7.47%	10.32%
Nbr of stocks (in thousands)	4,319,334	4,319,334	4,319,334	4,319,334	4,319,334	4,319,334	4,319,334	4,319,334
Announcement Date	19/03/21	07/03/22	08/03/23	06/03/24	05/03/25	-	-	-