Market Closed -
Hong Kong S.E.
04:08:22 2024-05-10 am EDT
|
5-day change
|
1st Jan Change
|
17.6
HKD
|
-6.28%
|
|
-4.66%
|
+33.54%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
20,261
|
72,372
|
112,855
|
63,939
|
56,223
|
57,038
|
-
|
-
|
Enterprise Value (EV)
1 |
21,958
|
73,172
|
113,840
|
72,882
|
63,185
|
67,681
|
66,592
|
64,612
|
P/E ratio
|
12.4
x
|
33.9
x
|
32.6
x
|
16.8
x
|
9.66
x
|
10.1
x
|
8.43
x
|
7.25
x
|
Yield
|
-
|
0.55%
|
-
|
-
|
3.17%
|
3.24%
|
3.62%
|
4.16%
|
Capitalization / Revenue
|
4.22
x
|
11.6
x
|
13
x
|
4.14
x
|
2.61
x
|
2.35
x
|
1.89
x
|
1.66
x
|
EV / Revenue
|
4.57
x
|
11.7
x
|
13.1
x
|
4.71
x
|
2.94
x
|
2.79
x
|
2.21
x
|
1.88
x
|
EV / EBITDA
|
18.7
x
|
32.3
x
|
37.7
x
|
21.1
x
|
11.7
x
|
10.2
x
|
8.24
x
|
6.88
x
|
EV / FCF
|
-28.3
x
|
-308
x
|
-35.7
x
|
-9.24
x
|
-17.4
x
|
-64
x
|
67.9
x
|
35.1
x
|
FCF Yield
|
-3.53%
|
-0.32%
|
-2.8%
|
-10.8%
|
-5.73%
|
-1.56%
|
1.47%
|
2.85%
|
Price to Book
|
1.84
x
|
7.41
x
|
5.87
x
|
2.55
x
|
1.2
x
|
1.49
x
|
1.33
x
|
1.15
x
|
Nbr of stocks (in thousands)
|
1,950,000
|
1,954,600
|
2,146,893
|
2,146,894
|
2,351,324
|
2,343,401
|
-
|
-
|
Reference price
2 |
4.602
|
27.48
|
32.27
|
16.67
|
11.98
|
16.27
|
16.27
|
16.27
|
Announcement Date
|
3/26/20
|
3/29/21
|
3/21/22
|
3/27/23
|
3/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
4,807
|
6,260
|
8,713
|
15,461
|
21,524
|
24,280
|
30,163
|
34,330
|
EBITDA
1 |
1,174
|
2,265
|
3,017
|
3,462
|
5,385
|
6,643
|
8,077
|
9,389
|
EBIT
1 |
880.6
|
1,865
|
2,382
|
2,155
|
3,674
|
4,232
|
5,369
|
6,462
|
Operating Margin
|
18.32%
|
29.79%
|
27.33%
|
13.94%
|
17.07%
|
17.43%
|
17.8%
|
18.82%
|
Earnings before Tax (EBT)
1 |
862.7
|
1,874
|
2,380
|
2,153
|
3,052
|
4,065
|
5,236
|
6,266
|
Net income
1 |
717.2
|
1,629
|
2,120
|
2,123
|
2,760
|
3,611
|
4,634
|
5,555
|
Net margin
|
14.92%
|
26.02%
|
24.33%
|
13.73%
|
12.82%
|
14.87%
|
15.36%
|
16.18%
|
EPS
2 |
0.3700
|
0.8100
|
0.9900
|
0.9900
|
1.240
|
1.608
|
1.930
|
2.245
|
Free Cash Flow
1 |
-775
|
-237.3
|
-3,189
|
-7,884
|
-3,623
|
-1,058
|
980.6
|
1,838
|
FCF margin
|
-16.12%
|
-3.79%
|
-36.6%
|
-51%
|
-16.83%
|
-4.36%
|
3.25%
|
5.36%
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
12.14%
|
19.58%
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
21.16%
|
33.09%
|
Dividend per Share
2 |
-
|
0.1500
|
-
|
-
|
0.3800
|
0.5281
|
0.5885
|
0.6768
|
Announcement Date
|
3/26/20
|
3/29/21
|
3/21/22
|
3/27/23
|
3/26/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
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 |
2,496
|
-
|
4,028
|
2,376
|
3,509
|
3,796
|
-
|
3,910
|
4,246
|
5,365
|
4,313
|
6,206
|
5,639
|
5,726
|
5,942
|
6,333
|
7,014
|
-
|
-
|
EBITDA
1 |
804.6
|
-
|
1,695
|
550.8
|
655.4
|
929.6
|
-
|
690.5
|
1,469
|
-
|
-
|
-
|
-
|
-
|
1,825
|
1,825
|
1,596
|
-
|
-
|
EBIT
|
599.5
|
-
|
1,398
|
437.2
|
495.4
|
602.2
|
-
|
552.7
|
504.9
|
560
|
663.9
|
1,124
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
24.02%
|
-
|
34.71%
|
18.4%
|
14.12%
|
15.87%
|
-
|
14.13%
|
11.89%
|
10.44%
|
15.39%
|
18.11%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
1 |
565.3
|
-
|
1,446
|
432
|
495.4
|
602
|
-
|
552.7
|
502.8
|
560.4
|
624.1
|
1,025
|
842.5
|
861.5
|
1,137
|
1,137
|
904.7
|
-
|
-
|
Net income
1 |
460.8
|
1,168
|
1,261
|
403.1
|
436.7
|
566
|
1,003
|
501.5
|
618.5
|
511.5
|
573.9
|
883.7
|
790.6
|
759.9
|
1,040
|
1,040
|
813
|
-
|
-
|
Net margin
|
18.46%
|
-
|
31.31%
|
16.96%
|
12.45%
|
14.91%
|
-
|
12.83%
|
14.57%
|
9.53%
|
13.31%
|
14.24%
|
14.02%
|
13.27%
|
17.5%
|
16.42%
|
11.59%
|
-
|
-
|
EPS
2 |
-
|
-
|
-
|
0.1900
|
0.2000
|
0.2400
|
-
|
0.2200
|
0.3000
|
0.2400
|
0.2700
|
0.3900
|
0.3400
|
-
|
0.4423
|
0.4424
|
0.3458
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.2380
|
-
|
-
|
-
|
-
|
-
|
0.6214
|
-
|
-
|
Announcement Date
|
8/4/20
|
3/29/21
|
8/9/21
|
3/21/22
|
4/27/22
|
8/25/22
|
8/25/22
|
10/27/22
|
3/27/23
|
4/24/23
|
8/28/23
|
10/31/23
|
3/26/24
|
4/29/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
1,697
|
800
|
986
|
8,943
|
6,962
|
10,644
|
9,554
|
7,575
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.446
x
|
0.3531
x
|
0.3268
x
|
2.584
x
|
1.293
x
|
1.602
x
|
1.183
x
|
0.8067
x
|
Free Cash Flow
1 |
-775
|
-237
|
-3,189
|
-7,884
|
-3,623
|
-1,058
|
981
|
1,839
|
ROE (net income / shareholders' equity)
|
17.5%
|
29%
|
22.3%
|
16%
|
15.5%
|
15.2%
|
17%
|
17.6%
|
ROA (Net income/ Total Assets)
|
8.78%
|
15%
|
13.1%
|
8.09%
|
7.32%
|
7.56%
|
8.27%
|
8.6%
|
Assets
1 |
8,173
|
10,829
|
16,174
|
26,232
|
37,682
|
47,745
|
56,029
|
64,596
|
Book Value Per Share
2 |
2.510
|
3.710
|
5.500
|
6.550
|
9.960
|
10.90
|
12.20
|
14.10
|
Cash Flow per Share
2 |
0.2700
|
0.8700
|
0.2700
|
0.8300
|
0.8800
|
2.320
|
3.070
|
3.430
|
Capex
1 |
1,285
|
1,939
|
3,769
|
8,061
|
5,591
|
5,837
|
4,911
|
4,461
|
Capex / Sales
|
26.74%
|
30.96%
|
43.25%
|
52.14%
|
25.97%
|
24.04%
|
16.28%
|
12.99%
|
Announcement Date
|
3/26/20
|
3/29/21
|
3/21/22
|
3/27/23
|
3/26/24
|
-
|
-
|
-
|
Last Close Price
16.27
CNY Average target price
22.06
CNY Spread / Average Target +35.57% Consensus |
1st Jan change
|
Capi.
|
---|
| +33.54% | 7.89B | | +10.90% | 20.45B | | -18.69% | 19.53B | | -18.00% | 14.74B | | -9.75% | 14.08B | | -9.48% | 11.11B | | -14.24% | 7.5B | | -29.34% | 6.66B | | +26.54% | 6.58B | | -31.07% | 6.02B |
Photovoltaic Solar Systems & Equipment
|