Financials China International Capital Corporation Limited

Equities

Market Closed - Hong Kong S.E. Other stock markets 03:08:06 2025-01-21 am EST			5-day change	1st Jan Change
12.98 ^HKD	+1.88%		+10.56%	+1.25%

Jan. 21	CICC Wealth Management Unit Logs 1.19 Billion Yuan in 2024 Profit	MT
Jan. 16	Hong Kong to Welcome More Secondary Listings from Chinese Large-Cap Firms	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	22,492	34,418	30,131	26,087	22,990	19,869	24,272	27,521
Change	-	53.03%	-12.46%	-13.42%	-11.87%	-13.57%	22.16%	13.39%
EBITDA ¹	6,154	9,746	14,013	-	8,561	8,344	12,116	14,540
Change	-	58.36%	43.78%	-100%	-	-2.53%	45.21%	20.01%
EBIT ¹	5,241	8,745	12,977	9,128	7,074	5,870	7,990	8,084
Change	-	66.86%	48.39%	-29.66%	-22.5%	-17.03%	36.13%	1.18%
Interest Paid	-5,896	-6,714	-8,267	-9,177	-10,740	-	-	-
Earnings before Tax (EBT) ¹	5,302	8,713	12,978	9,056	6,823	6,390	8,310	9,677
Change	-	64.34%	48.96%	-30.22%	-24.66%	-6.34%	30.04%	16.45%
Net income ¹	4,239	7,207	10,780	7,598	6,156	5,177	6,805	7,733
Change	-	70.04%	49.57%	-29.52%	-18.97%	-15.91%	31.45%	13.65%
Announcement Date	3/30/20	3/30/21	3/30/22	3/31/23	3/28/24	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 Q3	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	-	5,933	8,528	7,225	8,445	5,071	7,060	7,262	6,694	6,209	10,385	5,045	5,525	3,874	5,037	4,539	5,589	6,152	6,416	6,384	7,401	8,294	8,640	8,640
Change	-	-	43.73%	-15.28%	16.89%	-39.95%	39.23%	2.85%	-7.82%	-7.25%	67.26%	-51.42%	9.51%	-29.88%	30.02%	-9.89%	23.13%	10.09%	4.29%	-0.51%	15.94%	12.07%	4.17%	0%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	-	-	-	-	-	-	-	-	-	1,416	1,162	1,784	1,431	1,049	648.5	2,538	1,979	1,651	1,544	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-17.96%	53.59%	-19.78%	-26.71%	-38.18%	291.44%	-22.02%	-16.61%	-6.49%	-100%	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	1,839	1,876	-	-	-	-	-	2,171	-	-	-	-	1,548	-	-	-	-	-	-	-	-	-	-	-
Change	-	1.97%	-100%	-	-	-	-	-	-100%	-	-	-	-	-100%	-	-	-	-	-	-	-	-	-	-
Announcement Date	10/29/20	4/29/21	8/27/21	10/28/21	3/30/22	4/29/22	8/30/22	10/28/22	3/31/23	4/28/23	8/30/23	10/30/23	3/28/24	4/29/24	8/30/24	10/30/24	-	-	-	-	-	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020 S1	2021 S2	2022 S1	2022 S2	2023 S1
Net sales ¹	14,044	15,670	12,132	13,956	16,594
Change	-	11.57%	-22.58%	15.04%	18.9%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	-	6,846	4,606	4,590	4,128
Change	-	-	-32.72%	-0.34%	-10.07%
Charge d'intérêts	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-
Change	-	-	-	-	-
Net income ¹	-	-	-	-	3,561
Change	-	-	-	-	-
Announcement Date	8/17/20	3/30/22	8/30/22	3/31/23	8/30/23

¹CNY in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	55,199	82,613	94,171	41,022	47,204	21,657	24,860	53,371
Change	-	49.66%	13.99%	-56.44%	15.07%	-54.12%	14.79%	114.69%
Announcement Date	3/30/20	3/30/21	3/30/22	3/31/23	3/28/24	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023
CAPEX ¹	447.7	490.4	460.3	1,058	1,586	1,460
Change	-	9.55%	-6.15%	129.96%	49.84%	-7.96%
Free Cash Flow (FCF) ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	3/29/19	3/30/20	3/30/21	3/30/22	3/31/23	3/28/24

¹CNY in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	27.36%	28.32%	46.51%	-	37.24%	41.99%	49.92%	52.83%
EBIT Margin (%)	23.3%	25.41%	43.07%	34.99%	30.77%	29.54%	32.92%	29.37%
EBT Margin (%)	23.57%	25.31%	43.07%	34.71%	29.68%	32.16%	34.24%	35.16%
Net margin (%)	18.85%	20.94%	35.78%	29.12%	26.78%	26.05%	28.04%	28.1%
FCF margin (%)	-	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-	-
Profitability
ROA	1.37%	1.66%	1.85%	1.17%	0.97%	0.78%	1.13%	1.37%
ROE	9.37%	13.52%	13.81%	8.28%	6.43%	5.12%	6.67%	7.4%
Financial Health
Leverage (Debt/EBITDA)	8.97x	8.48x	6.72x	-	5.51x	2.6x	3.61x	3.67x
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.17%	1.25%	3.51%	-	-	-	-	-
CAPEX / EBITDA (%)	7.94%	4.4%	7.55%	-	-	-	-	-
CAPEX / FCF (%)	-	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-7.59	0.3868	12.01	-	-	-	-
Change	-	-	-105.1%	3,004.19%	-	-	-	-
Dividend per Share ¹	-	0.18	0.3	0.18	0.18	0.1691	0.2364	0.2722
Change	-	-	66.67%	-40%	0%	-6.07%	39.83%	15.16%
Book Value Per Share ¹	11.05	14.84	17.49	20.55	21.67	21.18	22.47	24.44
Change	-	34.24%	17.85%	17.49%	5.46%	-2.27%	6.12%	8.77%
EPS ¹	0.99	1.6	2.16	1.46	1.14	1.008	1.404	1.729
Change	-	61.62%	35%	-32.41%	-21.92%	-11.58%	39.33%	23.11%
Nbr of stocks (in thousands)	4,368,668	4,827,257	4,827,257	4,827,257	4,827,257	4,827,257	4,827,257	4,827,257
Announcement Date	3/30/20	3/30/21	3/30/22	3/31/23	3/28/24	-	-	-