Market Closed -
Hong Kong S.E.
09:08:07 05/07/2024 BST
|
5-day change
|
1st Jan Change
|
14.64
HKD
|
+4.13%
|
|
+15.46%
|
+50.77%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
24,782
|
25,406
|
17,747
|
25,071
|
28,863
|
46,351
|
-
|
-
|
Enterprise Value (EV)
1 |
39,768
|
39,983
|
30,398
|
40,265
|
40,545
|
62,258
|
62,308
|
61,887
|
P/E ratio
|
51.3
x
|
24.3
x
|
543
x
|
110
x
|
63
x
|
42.5
x
|
25.3
x
|
17.2
x
|
Yield
|
0.52%
|
0.64%
|
-
|
0.52%
|
0.45%
|
0.66%
|
0.97%
|
1.26%
|
Capitalization / Revenue
|
3.92
x
|
3.32
x
|
2.59
x
|
3.18
x
|
3.43
x
|
4.73
x
|
3.93
x
|
3.18
x
|
EV / Revenue
|
6.28
x
|
5.23
x
|
4.43
x
|
5.11
x
|
4.81
x
|
6.35
x
|
5.29
x
|
4.25
x
|
EV / EBITDA
|
17
x
|
12.9
x
|
14.8
x
|
17.8
x
|
14.9
x
|
18.1
x
|
12.3
x
|
9.09
x
|
EV / FCF
|
106
x
|
18.1
x
|
-
|
-52.4
x
|
-
|
-133
x
|
-153
x
|
51.8
x
|
FCF Yield
|
0.94%
|
5.53%
|
-
|
-1.91%
|
-
|
-0.75%
|
-0.65%
|
1.93%
|
Price to Book
|
1.78
x
|
1.87
x
|
1.09
x
|
1.51
x
|
1.54
x
|
2.21
x
|
2.07
x
|
1.88
x
|
Nbr of stocks (in thousands)
|
3,220,696
|
3,270,393
|
3,270,393
|
3,270,393
|
3,270,393
|
3,402,393
|
-
|
-
|
Reference price
2 |
7.695
|
7.768
|
5.427
|
7.666
|
8.825
|
13.62
|
13.62
|
13.62
|
Announcement Date
|
22/03/20
|
24/03/21
|
21/03/22
|
24/03/23
|
22/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
6,330
|
7,649
|
6,859
|
7,886
|
8,424
|
9,801
|
11,789
|
14,555
|
EBITDA
1 |
2,334
|
3,098
|
2,055
|
2,261
|
2,729
|
3,436
|
5,046
|
6,810
|
EBIT
1 |
1,306
|
2,014
|
1,165
|
1,275
|
1,733
|
2,389
|
3,891
|
5,255
|
Operating Margin
|
20.63%
|
26.34%
|
16.98%
|
16.17%
|
20.58%
|
24.38%
|
33.01%
|
36.1%
|
Earnings before Tax (EBT)
1 |
595.7
|
1,337
|
281.7
|
739.2
|
1,127
|
1,762
|
2,983
|
4,380
|
Net income
1 |
479.3
|
1,052
|
33.7
|
402
|
686.4
|
1,083
|
1,833
|
2,594
|
Net margin
|
7.57%
|
13.76%
|
0.49%
|
5.1%
|
8.15%
|
11.05%
|
15.55%
|
17.82%
|
EPS
2 |
0.1500
|
0.3200
|
0.0100
|
0.0700
|
0.1400
|
0.3202
|
0.5379
|
0.7914
|
Free Cash Flow
1 |
375.6
|
2,209
|
-
|
-768.1
|
-
|
-467
|
-408
|
1,195
|
FCF margin
|
5.93%
|
28.88%
|
-
|
-9.74%
|
-
|
-4.76%
|
-3.46%
|
8.21%
|
FCF Conversion (EBITDA)
|
16.1%
|
71.32%
|
-
|
-
|
-
|
-
|
-
|
17.55%
|
FCF Conversion (Net income)
|
78.37%
|
209.96%
|
-
|
-
|
-
|
-
|
-
|
46.07%
|
Dividend per Share
2 |
0.0400
|
0.0500
|
-
|
0.0400
|
0.0400
|
0.0903
|
0.1323
|
0.1723
|
Announcement Date
|
22/03/20
|
24/03/21
|
21/03/22
|
24/03/23
|
22/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 Q1
|
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 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
|
3,512
|
3,132
|
4,517
|
3,487
|
-
|
3,373
|
-
|
-
|
3,536
|
-
|
-
|
4,350
|
-
|
-
|
3,447
|
-
|
-
|
4,977
|
-
|
-
|
4,406
|
-
|
-
|
6,746
|
6,208
|
6,607
|
EBITDA
|
-
|
1,382
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
-
|
874.6
|
-
|
502.1
|
-
|
575.5
|
-
|
-
|
596
|
-
|
-
|
678.9
|
-
|
-
|
759.9
|
-
|
-
|
973.3
|
-
|
-
|
1,482
|
-
|
-
|
2,859
|
2,236
|
2,457
|
Operating Margin
|
-
|
27.93%
|
-
|
14.4%
|
-
|
17.06%
|
-
|
-
|
16.86%
|
-
|
-
|
15.61%
|
-
|
-
|
22.05%
|
-
|
-
|
19.56%
|
-
|
-
|
33.64%
|
-
|
-
|
42.38%
|
36.03%
|
37.19%
|
Earnings before Tax (EBT)
|
-
|
579.5
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
1 |
0.0800
|
0.1300
|
0.1900
|
0.006000
|
-
|
0.004000
|
0.0300
|
-
|
0.0300
|
0.0500
|
-0.0100
|
0.0400
|
0.0300
|
0.0100
|
0.0400
|
0.0700
|
0.0300
|
0.1000
|
0.0700
|
0.1000
|
0.2000
|
0.1200
|
0.0300
|
0.4400
|
0.2900
|
0.3300
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
22/03/20
|
25/08/20
|
24/03/21
|
23/08/21
|
21/03/22
|
21/03/22
|
25/04/22
|
22/08/22
|
22/08/22
|
20/10/22
|
24/03/23
|
24/03/23
|
14/04/23
|
25/08/23
|
25/08/23
|
27/10/23
|
22/03/24
|
22/03/24
|
15/04/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
14,987
|
14,577
|
12,651
|
15,194
|
11,682
|
15,907
|
15,957
|
15,536
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
6.422
x
|
4.706
x
|
6.155
x
|
6.719
x
|
4.28
x
|
4.629
x
|
3.162
x
|
2.281
x
|
Free Cash Flow
1 |
376
|
2,209
|
-
|
-768
|
-
|
-467
|
-408
|
1,195
|
ROE (net income / shareholders' equity)
|
3.52%
|
7.65%
|
0.68%
|
2.4%
|
3.86%
|
7.46%
|
10.5%
|
13%
|
ROA (Net income/ Total Assets)
|
1.26%
|
2.63%
|
1.32%
|
0.9%
|
1.47%
|
4.22%
|
4.53%
|
5.33%
|
Assets
1 |
38,070
|
39,971
|
2,553
|
44,661
|
46,576
|
25,675
|
40,488
|
48,713
|
Book Value Per Share
2 |
4.330
|
4.140
|
4.980
|
5.080
|
5.740
|
6.160
|
6.580
|
7.250
|
Cash Flow per Share
2 |
0.5500
|
1.110
|
0.8500
|
0.2100
|
0.5600
|
0.9500
|
0.9800
|
1.580
|
Capex
1 |
1,404
|
1,425
|
2,148
|
1,461
|
1,549
|
3,136
|
2,477
|
2,502
|
Capex / Sales
|
22.18%
|
18.63%
|
31.31%
|
18.53%
|
18.39%
|
31.99%
|
21.01%
|
17.19%
|
Announcement Date
|
22/03/20
|
24/03/21
|
21/03/22
|
24/03/23
|
22/03/24
|
-
|
-
|
-
|
Last Close Price
13.62
CNY Average target price
13.78
CNY Spread / Average Target +1.13% Consensus |
1st Jan change
|
Capi.
|
---|
| +50.77% | 6.13B | | +7.33% | 50B | | +27.93% | 33.97B | | -0.08% | 30.56B | | +16.93% | 24.88B | | +55.16% | 10.88B | | +44.45% | 10.23B | | -6.08% | 9.93B | | -.--% | 8.99B | | +8.41% | 8.51B |
Gold Mining
|