Financials GuiZhou QianYuan Power Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
16.78 ^CNY	-0.83%		-4.82%	+21.68%

Apr. 25	GuiZhou QianYuan Power Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 01	GuiZhou QianYuan Power Co., Ltd. Proposes Final Cash Dividend for the Year 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,459	4,706	6,438	6,507	5,896	7,174	-	-
Enterprise Value (EV) ¹	4,459	4,706	6,438	6,507	5,896	7,174	7,174	7,174
P/E ratio	15.4 x	10.6 x	27.5 x	15.7 x	22.2 x	12.2 x	10.7 x	9.76 x
Yield	2.26%	2.34%	-	1.97%	1.38%	1.49%	1.79%	2.09%
Capitalization / Revenue	2.05 x	1.78 x	-	2.49 x	2.96 x	2.78 x	2.73 x	2.65 x
EV / Revenue	2.05 x	1.78 x	-	2.49 x	2.96 x	2.78 x	2.73 x	2.65 x
EV / EBITDA	3.61 x	-	-	3.2 x	5.46 x	3.57 x	3.51 x	3.41 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.57 x	1.48 x	-	1.77 x	1.54 x	1.66 x	1.47 x	1.31 x
Nbr of stocks (in thousands)	427,558	427,558	427,558	427,558	427,558	427,558	-	-
Reference price ²	10.43	11.01	15.06	15.22	13.79	16.78	16.78	16.78
Announcement Date	2/24/20	2/26/21	3/31/22	3/12/23	3/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,174	2,651	-	2,613	1,990	2,582	2,631	2,707
EBITDA ¹	1,234	-	-	2,034	1,079	2,007	2,044	2,105
EBIT ¹	532.6	826.7	-	898.1	531.3	951	1,053	1,126
Operating Margin	24.49%	31.19%	-	34.37%	26.69%	36.83%	40.02%	41.6%
Earnings before Tax (EBT) ¹	530.3	828	-	892.5	526.4	946	1,048	1,121
Net income ¹	290.2	443.7	234.5	414.2	264.8	584	672	735
Net margin	13.35%	16.74%	-	15.85%	13.3%	22.62%	25.54%	27.15%
EPS ²	0.6788	1.038	0.5484	0.9689	0.6200	1.370	1.570	1.720
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.2357	0.2571	-	0.3000	0.1900	0.2500	0.3000	0.3500
Announcement Date	2/24/20	2/26/21	3/31/22	3/12/23	3/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	10.7%	14.8%	-	11.9%	7.11%	13.5%	13.8%	13.4%
ROA (Net income/ Total Assets)	1.8%	2.78%	-	2.47%	-	3.67%	4.27%	4.87%
Assets ¹	16,096	15,959	-	16,762	-	15,913	15,738	15,092
Book Value Per Share ²	6.630	7.430	-	8.600	8.930	10.10	11.40	12.90
Cash Flow per Share ²	4.620	5.050	-	4.550	4.220	3.940	4.480	4.620
Capex ¹	81.7	1,792	-	673	221	95	153	508
Capex / Sales	3.76%	67.62%	-	25.74%	11.08%	3.68%	5.82%	18.77%
Announcement Date	2/24/20	2/26/21	3/31/22	3/12/23	3/29/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

16.78 CNY

Average target price

19.18 CNY

Spread / Average Target

+14.30%

	1st Jan change	Capi.
GUIZHOU QIANYUAN POWER CO., LTD.	+21.68%	990M
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ENGIE BRASIL ENERGIA S.A.	-12.22%	6.33B
NORTHLAND POWER INC.	-14.83%	3.83B
ERG S.P.A.	-13.37%	3.89B
ENCAVIS AG	+8.47%	2.91B
RENANTIS S.P.A	-.--%	2.89B
CLEARWAY ENERGY, INC.	-15.72%	2.65B