Financials Aofu Environmental Technology Co.,Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-13 pm EDT			5-day change	1st Jan Change
11.17 ^CNY	+0.63%		-6.84%	-46.43%

Apr. 26	Aofu Environmental Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 02	Tranche Update on Aofu Environmental Technology Co.,Ltd.'s Equity Buyback Plan announced on December 1, 2023.	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	2,806	4,740	4,092	1,933	863.3	863.3	-
Enterprise Value (EV) ¹	2,806	4,740	4,092	1,933	1,611	863.3	863.3
P/E ratio	42.7 x	59 x	62.3 x	-250 x	-209 x	15.7 x	7.87 x
Yield	0.55%	0.52%	-	-	-	4.12%	4.48%
Capitalization / Revenue	10.5 x	15.1 x	-	9.49 x	4.85 x	1.48 x	1.15 x
EV / Revenue	10.5 x	15.1 x	-	9.49 x	4.85 x	1.48 x	1.15 x
EV / EBITDA	37.1 x	45.3 x	-	65.8 x	39.3 x	6.28 x	3.86 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	3.37 x	5.29 x	-	2.1 x	1.76 x	0.89 x	0.79 x
Nbr of stocks (in thousands)	77,284	77,284	77,284	77,284	77,284	77,284	-
Reference price ²	36.31	61.33	52.95	25.01	11.17	11.17	11.17
Announcement Date	2/26/20	2/26/21	2/25/22	2/27/23	2/23/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	248.3	268.1	314.1	-	203.8	332.3	581.5	751.2
EBITDA ¹	-	75.63	104.6	-	29.4	40.98	137.4	223.9
EBIT ¹	-	56.56	81.26	-	-18.97	-15.22	61.97	125.7
Operating Margin	-	21.1%	25.87%	-	-9.31%	-4.58%	10.66%	16.74%
Earnings before Tax (EBT) ¹	-	58.41	85.15	-	-19.1	-14.64	62.97	126.2
Net income ¹	-	51.44	80.02	65.82	-7.837	-7.699	95.95	146.2
Net margin	-	19.19%	25.47%	-	-3.85%	-2.32%	16.5%	19.47%
EPS ²	-	0.8500	1.040	0.8500	-0.1000	-0.1000	0.7100	1.420
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	0.2000	0.3200	-	-	-	0.4600	0.5000
Announcement Date	10/15/19	2/26/20	2/26/21	2/25/22	2/27/23	2/23/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	12.2%	9.27%	-	-0.84%	-0.84%	5.64%	10%
ROA (Net income/ Total Assets)	-	6.24%	7%	-	-0.55%	2.86%	6.63%	6.62%
Assets ¹	-	823.9	1,143	-	1,436	2,036	1,448	2,209
Book Value Per Share ²	-	10.80	11.60	-	11.90	11.90	12.60	14.10
Cash Flow per Share ²	-	0.2600	0.4300	-	0.9300	0.1000	3.500	2.660
Capex ¹	-	42.6	89.1	-	242	89.4	499	237
Capex / Sales	-	15.9%	28.36%	-	118.64%	26.92%	85.76%	31.6%
Announcement Date	10/15/19	2/26/20	2/26/21	2/25/22	2/27/23	2/23/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.17 CNY

Average target price

20.45 CNY

Spread / Average Target

+83.08%

	1st Jan change	Capi.
AOFU ENVIRONMENTAL TECHNOLOGY CO.,LTD.	-46.43%	119M
AIR LIQUIDE	+5.92%	105B
SABIC	-4.43%	63.83B
PT CHANDRA ASRI PACIFIC TBK	+60.48%	45.28B
WANHUA CHEMICAL GROUP CO., LTD.	+16.73%	38.93B
LYONDELLBASELL INDUSTRIES N.V.	+6.77%	33.06B
WESTLAKE CORPORATION	+12.31%	20.21B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+13.41%	16.94B
HENGLI PETROCHEMICAL CO.,LTD.	+25.44%	16.08B
RONGSHENG PETROCHEMICAL CO., LTD.	+5.80%	14.49B