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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Guoxuan High-tech Co Ltd    002074   CNE000001NY7

GUOXUAN HIGH-TECH CO LTD

(002074)
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Guoxuan says in talks with Volkswagen, hasn't reached binding agreement

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01/20/2020 | 12:57am GMT
FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai

Guoxuan High-Tech Co Ltd is in talks with Volkswagen AG for potential strategic cooperation in technology, product, and capital, the Chinese battery maker wrote in a company filing on Monday.

Guoxuan added it has not reached a legally binding agreement with the German automaker regarding the terms and conditions of its cooperation.

On Friday, Reuters reported that Volkswagen was preparing to purchase a 20% stake in Guoxuan.

(Reporting by Josh Horwitz)

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Financials (CNY)
Sales 2019 6 905 M
EBIT 2019 891 M
Net income 2019 663 M
Debt 2019 3 788 M
Yield 2019 0,45%
P/E ratio 2019 44,7x
P/E ratio 2020 41,1x
EV / Sales2019 4,87x
EV / Sales2020 4,06x
Capitalization 29 871 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 9
Average target price 14,55  CNY
Last Close Price 26,28  CNY
Spread / Highest target 5,78%
Spread / Average Target -44,7%
Spread / Lowest Target -69,0%
EPS Revisions
Managers
NameTitle
Zhen Li Chairman & General Manager
Ming Peng Chairman-Supervisory Board
Ping Jiang Chief Financial Officer
Wei Dong Qiu Director & Deputy General Manager
Jiang Lin Hu Director & Deputy General Manager
Sector and Competitors