Financials Changchun High-Tech Industry (Group) Co., Ltd.

Equities

000661

CNE0000007J8

Pharmaceuticals

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
111.4 CNY +1.86% Intraday chart for Changchun High-Tech Industry (Group) Co., Ltd. -5.48% -23.58%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 90,455 181,683 109,841 66,954 58,638 44,810 - -
Enterprise Value (EV) 1 90,455 181,683 109,841 66,954 58,638 44,810 44,810 44,810
P/E ratio 43.5 x 60.2 x 29.6 x 16.4 x 13.2 x 8.64 x 7.62 x 7.06 x
Yield 0.22% 0.18% 0.29% 0.6% 3.09% 2.56% 2.4% 3.29%
Capitalization / Revenue 12.3 x 21.2 x 10.2 x 5.3 x 4.03 x 2.71 x 2.4 x 2.19 x
EV / Revenue 12.3 x 21.2 x 10.2 x 5.3 x 4.03 x 2.71 x 2.4 x 2.19 x
EV / EBITDA 29.9 x 44.2 x 22 x 12.5 x 9.6 x 6.86 x 5.6 x 5.37 x
EV / FCF - 1,284,551,251 x 99,344,922 x - - - - -
FCF Yield - 0% 0% - - - - -
Price to Book 11.2 x 16.6 x 7.54 x 3.73 x 2.67 x 1.69 x 1.41 x 1.21 x
Nbr of stocks (in thousands) 404,720 404,720 404,720 402,247 402,182 402,172 - -
Reference price 2 223.5 448.9 271.4 166.4 145.8 111.4 111.4 111.4
Announcement Date 3/26/20 3/11/21 3/16/22 3/29/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,374 8,577 10,747 12,627 14,566 16,542 18,633 20,475
EBITDA 1 3,024 4,115 4,999 5,369 6,111 6,534 8,005 8,342
EBIT 1 2,876 3,936 4,715 4,968 5,588 6,541 7,408 7,969
Operating Margin 39.01% 45.89% 43.88% 39.34% 38.36% 39.54% 39.76% 38.92%
Earnings before Tax (EBT) 1 2,820 3,913 4,617 4,924 5,510 6,466 7,336 7,899
Net income 1 1,775 3,047 3,757 4,140 4,532 5,207 5,884 6,361
Net margin 24.07% 35.52% 34.96% 32.79% 31.12% 31.48% 31.58% 31.07%
EPS 2 5.135 7.460 9.170 10.16 11.06 12.90 14.62 15.77
Free Cash Flow - 141.4 1,106 - - - - -
FCF margin - 1.65% 10.29% - - - - -
FCF Conversion (EBITDA) - 3.44% 22.12% - - - - -
FCF Conversion (Net income) - 4.64% 29.43% - - - - -
Dividend per Share 2 0.5000 0.8000 0.8000 1.000 4.500 2.857 2.675 3.670
Announcement Date 3/26/20 3/11/21 3/16/22 3/29/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 3,884 3,177 3,899 5,191 4,467 3,546 4,328
EBITDA - - - - - - -
EBIT - - - - - - -
Operating Margin - - - - - - -
Earnings before Tax (EBT) - - - - - - -
Net income - - - - - - -
Net margin - - - - - - -
EPS 2.200 - - - - - -
Dividend per Share - - - - - - -
Announcement Date 3/19/24 4/19/24 - - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - 141 1,106 - - - - -
ROE (net income / shareholders' equity) 28.5% 31.2% 29.5% 25.7% 22.6% 19.5% 18.5% 17.2%
ROA (Net income/ Total Assets) 16% 20.6% 19.1% 17.1% - 15.4% 15% 14.8%
Assets 1 11,068 14,783 19,680 24,272 - 33,923 39,224 42,886
Book Value Per Share 2 20.00 27.00 36.00 44.60 54.60 65.80 78.90 91.90
Cash Flow per Share 2 4.780 2.750 8.130 6.980 12.60 11.30 15.40 15.10
Capex 1 840 970 2,225 2,088 2,089 1,167 1,813 1,536
Capex / Sales 11.39% 11.3% 20.7% 16.54% 14.34% 7.05% 9.73% 7.5%
Announcement Date 3/26/20 3/11/21 3/16/22 3/29/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
111.4 CNY
Average target price
195.3 CNY
Spread / Average Target
+75.32%
Consensus

Quarterly revenue - Rate of surprise

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