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Fiscal Period: December
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2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Capitalization1 |
87 438 | 77 837 | 96 359 | 162 631 | 109 310 | 88 349 | 88 349 | - |
Enterprise Value (EV)1 |
83 223 | 77 546 | 96 265 | 156 544 | 103 835 | 83 622 | 83 931 | 84 223 |
P/E ratio |
20,2x | 15,8x | 17,7x | 25,2x | 22,5x | 15,1x | 14,1x | 13,0x |
Yield |
4,15% | 2,33% | 3,44% | 3,58% | 4,11% | 5,53% | 5,94% | 6,42% |
Capitalization / Revenue |
1,73x | 1,60x | 1,60x | 2,20x | 1,64x | 1,33x | 1,20x | 1,12x |
EV / Revenue |
1,65x | 1,59x | 1,60x | 2,12x | 1,56x | 1,26x | 1,14x | 1,07x |
EV / EBITDA |
12,8x | 10,6x | 12,3x | 17,4x | 14,3x | 10,1x | 9,40x | 8,66x |
Enterprise Value (EV) / FCF |
16,0x | 16,3x | 25,6x | 20,4x | 49,1x | 18,3x | 17,0x | 14,4x |
FCF Yield |
6,25% | 6,12% | 3,91% | 4,91% | 2,04% | 5,46% | 5,88% | 6,96% |
Price to Book |
5,98x | 6,00x | 5,84x | 6,84x | 4,79x | 3,59x | 3,24x | 2,93x |
Nbr of stocks (in thousands) |
3 299 558 | 3 299 558 | 3 319 282 | 3 464 661 | 3 464 661 | 3 464 661 | 3 464 661 | - |
Reference price (CNY) |
26,5 | 23,6 | 29,0 | 46,9 | 31,6 | 25,5 | 25,5 | 25,5 |
Announcement Date |
03/26/2018 | 03/15/2019 | 03/24/2020 | 03/30/2021 | 03/28/2022 | - | - | - |
1 CNY in Million |
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Income Statement Evolution (Annual data) |
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Fiscal Period: December
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net sales1 |
50 447 | 48 767 | 60 310 | 73 863 | 66 682 | 66 294 | 73 395 | 78 624 |
EBITDA1 |
6 504 | 7 323 | 7 824 | 8 984 | 7 259 | 8 276 | 8 932 | 9 727 |
Operating profit (EBIT)1 |
5 547 | 6 347 | 6 852 | 8 004 | 6 239 | 7 193 | 7 882 | 8 577 |
Operating Margin |
11,0% | 13,0% | 11,4% | 10,8% | 9,36% | 10,9% | 10,7% | 10,9% |
Pre-Tax Profit (EBT)1 |
5 759 | 6 332 | 6 838 | 7 973 | 6 216 | 7 376 | 7 955 | 8 644 |
Net income1 |
4 319 | 4 915 | 5 438 | 6 256 | 4 866 | 5 838 | 6 254 | 6 801 |
Net margin |
8,56% | 10,1% | 9,02% | 8,47% | 7,30% | 8,81% | 8,52% | 8,65% |
EPS2 |
1,31 | 1,49 | 1,64 | 1,86 | 1,40 | 1,69 | 1,81 | 1,97 |
Free Cash Flow1 |
5 203 | 4 746 | 3 765 | 7 685 | 2 115 | 4 563 | 4 934 | 5 865 |
FCF margin |
10,3% | 9,73% | 6,24% | 10,4% | 3,17% | 6,88% | 6,72% | 7,46% |
FCF Conversion |
80,0% | 64,8% | 48,1% | 85,5% | 29,1% | 55,1% | 55,2% | 60,3% |
Dividend per Share2 |
1,10 | 0,55 | 1,00 | 1,68 | 1,30 | 1,41 | 1,51 | 1,64 |
Announcement Date |
03/26/2018 | 03/15/2019 | 03/24/2020 | 03/30/2021 | 03/28/2022 | - | - | - |
1 CNY in Million 2 CNY |
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Income Statement Evolution (Quarterly data) |
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Fiscal Period: December
|
2020 Q2 |
2020 Q3 |
2020 Q4 |
2021 Q1 |
2021 Q2 |
2021 Q3 |
2021 Q4 |
2022 Q1 |
2022 Q2 |
2022 Q3 |
2022 Q4 |
2023 Q1 |
2023 Q2 |
2023 Q3 |
Net sales1 |
18 766 | 19 379 | 18 136 | 18 284 | 16 558 | 16 116 | 15 724 | 13 762 | 14 140 | 16 631 | 20 639 | 17 204 | 16 537 | 16 986 |
EBITDA1 |
- | - | - | - | - | - | - | - | - | - | 2 396 | - | - | - |
Operating profit (EBIT)1 |
1 995 | - | 1 706 | 1 873 | 1 268 | 1 172 | 1 926 | 1 904 | 1 564 | 1 681 | 2 031 | 1 780 | 1 763 | 1 955 |
Operating Margin |
10,6% | - | 9,40% | 10,2% | 7,66% | 7,27% | 12,2% | 13,8% | 11,1% | 10,1% | 9,84% | 10,3% | 10,7% | 11,5% |
Pre-Tax Profit (EBT)1 |
- | - | - | 1 877 | 1 265 | 1 150 | 1 923 | - | 1 578 | 1 686 | 2 282 | - | - | - |
Net income1 |
1 576 | - | 1 317 | 1 441 | 1 096 | 916 | 1 413 | - | 1 270 | 1 335 | 1 928 | - | - | - |
Net margin |
8,40% | - | 7,26% | 7,88% | 6,62% | 5,68% | 8,99% | - | 8,98% | 8,03% | 9,34% | - | - | - |
EPS2 |
0,48 | 0,57 | 0,37 | 0,42 | 0,31 | 0,27 | 0,40 | 0,42 | 0,37 | 0,38 | 0,52 | 0,39 | 0,41 | 0,44 |
Dividend per Share2 |
- | - | 1,04 | - | - | - | 1,30 | - | - | - | 1,79 | - | - | - |
Announcement Date |
08/11/2020 | 10/27/2020 | 03/30/2021 | 04/27/2021 | 08/12/2021 | 10/26/2021 | 03/28/2022 | 04/26/2022 | 08/16/2022 | 10/25/2022 | - | - | - | - |
1 CNY in Million 2 CNY |
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|
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Fiscal Period: December
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Debt1 |
- | - | - | - | - | - | - | - |
Net Cash position1 |
4 215 | 290 | 93,7 | 6 087 | 5 475 | 4 727 | 4 418 | 4 126 |
Leverage (Debt / EBITDA) |
-0,65x | -0,04x | -0,01x | -0,68x | -0,75x | -0,57x | -0,49x | -0,42x |
Free Cash Flow1 |
5 203 | 4 746 | 3 765 | 7 685 | 2 115 | 4 563 | 4 934 | 5 865 |
ROE (Net Profit / Equities) |
31,4% | 34,1% | 37,4% | 32,9% | 20,9% | 23,6% | 23,7% | 23,8% |
Shareholders' equity1 |
13 756 | 14 429 | 14 551 | 18 996 | 23 285 | 24 715 | 26 439 | 28 615 |
ROA (Net Profit / Asset) |
19,4% | 21,6% | 21,1% | 19,8% | 14,2% | 15,9% | 16,0% | 16,1% |
Assets1 |
22 221 | 22 719 | 25 749 | 31 669 | 34 340 | 36 761 | 39 177 | 42 169 |
Book Value Per Share2 |
4,43 | 3,93 | 4,97 | 6,86 | 6,58 | 7,10 | 7,87 | 8,70 |
Cash Flow per Share2 |
1,71 | 1,57 | 1,33 | 2,55 | 1,74 | 2,01 | 2,30 | 1,82 |
Capex1 |
447 | 449 | 659 | 1 137 | 3 933 | 1 893 | 1 545 | 1 225 |
Capex / Sales |
0,89% | 0,92% | 1,09% | 1,54% | 5,90% | 2,86% | 2,10% | 1,56% |
Announcement Date |
03/26/2018 | 03/15/2019 | 03/24/2020 | 03/30/2021 | 03/28/2022 | - | - | - |
1 CNY in Million 2 CNY |
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| |
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Capitalization (CNY) |
88 348 860 931 |
Capitalization (USD) |
13 064 719 764 |
Net sales (CNY) |
66 682 260 350 |
Net sales (USD) |
9 860 738 843 |
Number of employees |
46 822 |
Sales / Employee (CNY) |
1 424 165 |
Sales / Employee (USD) |
210 601 |
Free-Float |
28,8% |
Free-Float capitalization (CNY) |
25 405 946 692 |
Free-Float capitalization (USD) |
3 756 942 312 |
Avg. Exchange 20 sessions (CNY) |
272 801 701 |
Avg. Exchange 20 sessions (USD) |
40 340 959 |
Average Daily Capital Traded |
0,31% |
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
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