End-of-day quote
Shanghai S.E.
06:00:00 2024-05-30 pm EDT
|
5-day change
|
1st Jan Change
|
7.29
CNY
|
-0.14%
|
|
-1.75%
|
+5.81%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
22,351
|
20,828
|
25,402
|
18,814
|
19,821
|
20,971
|
-
|
-
|
Enterprise Value (EV)
1 |
24,428
|
20,849
|
26,539
|
22,338
|
21,785
|
22,046
|
21,251
|
20,971
|
P/E ratio
|
21.2
x
|
15.7
x
|
18.8
x
|
15.6
x
|
14.7
x
|
12.2
x
|
10
x
|
9.06
x
|
Yield
|
2.3%
|
2.9%
|
1.81%
|
1.99%
|
2.32%
|
2.49%
|
3.26%
|
3.54%
|
Capitalization / Revenue
|
1.59
x
|
1.39
x
|
1.19
x
|
0.63
x
|
0.64
x
|
0.63
x
|
0.58
x
|
0.55
x
|
EV / Revenue
|
1.74
x
|
1.39
x
|
1.24
x
|
0.74
x
|
0.7
x
|
0.67
x
|
0.59
x
|
0.55
x
|
EV / EBITDA
|
12.3
x
|
8.27
x
|
9.69
x
|
7.71
x
|
6.52
x
|
5.58
x
|
4.61
x
|
4.17
x
|
EV / FCF
|
16,737,137
x
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Yield
|
0%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Price to Book
|
2.04
x
|
1.76
x
|
2.05
x
|
1.43
x
|
1.36
x
|
1.32
x
|
1.21
x
|
1.11
x
|
Nbr of stocks (in thousands)
|
2,854,597
|
2,876,768
|
2,876,768
|
2,876,768
|
2,876,730
|
2,876,735
|
-
|
-
|
Reference price
2 |
7.830
|
7.240
|
8.830
|
6.540
|
6.890
|
7.290
|
7.290
|
7.290
|
Announcement Date
|
1/9/20
|
1/11/21
|
1/9/22
|
1/10/23
|
1/11/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
14,025
|
15,015
|
21,415
|
30,062
|
30,929
|
33,080
|
36,248
|
37,978
|
EBITDA
1 |
1,991
|
2,520
|
2,740
|
2,898
|
3,339
|
3,953
|
4,610
|
5,030
|
EBIT
1 |
1,329
|
1,662
|
1,847
|
1,632
|
1,891
|
2,232
|
2,733
|
2,978
|
Operating Margin
|
9.47%
|
11.07%
|
8.63%
|
5.43%
|
6.11%
|
6.75%
|
7.54%
|
7.84%
|
Earnings before Tax (EBT)
1 |
1,324
|
1,684
|
1,834
|
1,657
|
1,883
|
2,233
|
2,747
|
2,997
|
Net income
1 |
1,058
|
1,321
|
1,354
|
1,222
|
1,440
|
1,712
|
2,088
|
2,314
|
Net margin
|
7.54%
|
8.8%
|
6.32%
|
4.07%
|
4.66%
|
5.18%
|
5.76%
|
6.09%
|
EPS
2 |
0.3700
|
0.4600
|
0.4700
|
0.4200
|
0.4700
|
0.5955
|
0.7271
|
0.8043
|
Free Cash Flow
|
1,460
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF margin
|
10.41%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (EBITDA)
|
73.31%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
FCF Conversion (Net income)
|
137.97%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.1800
|
0.2100
|
0.1600
|
0.1300
|
0.1600
|
0.1817
|
0.2378
|
0.2584
|
Announcement Date
|
1/9/20
|
1/11/21
|
1/9/22
|
1/10/23
|
1/11/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
6,842
|
6,786
|
-
|
7,746
|
7,517
|
7,578
|
7,645
|
-
|
6,863
|
8,330
|
8,685
|
8,428
|
8,886
|
8,965
|
EBITDA
|
538.5
|
-
|
-
|
668.5
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
|
294.6
|
-
|
-
|
458.7
|
292.3
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
4.31%
|
-
|
-
|
5.92%
|
3.89%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
275.5
|
-
|
-
|
462.7
|
311.4
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
|
150.1
|
-
|
-
|
323.3
|
360.2
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net margin
|
2.19%
|
-
|
-
|
4.17%
|
4.79%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EPS
|
0.0500
|
-
|
-
|
0.1100
|
0.1200
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
0.1600
|
-
|
-
|
-
|
0.1300
|
-
|
-
|
-
|
-
|
-
|
-
|
0.2694
|
-
|
-
|
Announcement Date
|
1/9/22
|
4/27/22
|
7/10/22
|
10/11/22
|
1/10/23
|
4/27/23
|
8/28/23
|
10/11/23
|
4/26/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
2,076
|
21.4
|
1,137
|
3,523
|
1,964
|
1,074
|
279
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.043
x
|
0.008504
x
|
0.4151
x
|
1.216
x
|
0.5882
x
|
0.2718
x
|
0.0606
x
|
-
|
Free Cash Flow
|
1,460
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
ROE (net income / shareholders' equity)
|
10.5%
|
11.6%
|
11.3%
|
9.65%
|
10.5%
|
11%
|
12.1%
|
11.9%
|
ROA (Net income/ Total Assets)
|
4.93%
|
5.42%
|
4.47%
|
2.94%
|
-
|
3.9%
|
4.06%
|
4.12%
|
Assets
1 |
21,466
|
24,367
|
30,266
|
41,543
|
-
|
43,896
|
51,433
|
56,170
|
Book Value Per Share
2 |
3.830
|
4.110
|
4.300
|
4.570
|
5.060
|
5.510
|
6.040
|
6.570
|
Cash Flow per Share
2 |
0.8500
|
1.050
|
0.4600
|
0.5700
|
0.8800
|
1.320
|
1.190
|
1.540
|
Capex
1 |
986
|
858
|
2,181
|
2,593
|
3,947
|
3,211
|
2,930
|
2,853
|
Capex / Sales
|
7.03%
|
5.71%
|
10.19%
|
8.62%
|
12.76%
|
9.71%
|
8.08%
|
7.51%
|
Announcement Date
|
1/9/20
|
1/11/21
|
1/9/22
|
1/10/23
|
1/11/24
|
-
|
-
|
-
|
Last Close Price
7.29
CNY Average target price
9.367
CNY Spread / Average Target +28.49% Consensus |
1st Jan change
|
Capi.
|
---|
| +5.81% | 2.9B | | +1.51% | 14.48B | | +24.70% | 10.31B | | +15.34% | 8.99B | | +6.05% | 8.03B | | +8.15% | 7.74B | | +33.16% | 6.01B | | +22.48% | 5.56B | | +3.50% | 5.34B | | -32.79% | 5.2B |
Natural Gas Distribution
|