Financials Huangshan Novel Co.,Ltd

Equities

End-of-day quote Shenzhen S.E. Other stock markets 2025-12-05			5-day change	1st Jan Change
11.84 ^CNY	+3.14%		+5.53%	+8.03%

Oct. 23	Huangshan Novel Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2025	CI
Sep. 19	Huangshan Novel Co.,Ltd Approves Interim Profit Distribution Plan for 2025, Payable on 30 September 2025	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	-	3,304	3,379	3,525	3,772	4,184	4,608
Change	-	-	2.26%	4.34%	6.99%	10.94%	10.13%
EBITDA ¹	-	-	-	681	771.3	852.9	938
Change	-	-	-	-	13.26%	10.58%	9.98%
EBIT ¹	-	-	-	528.8	557	632.7	708.8
Change	-	-	-	-	5.34%	13.59%	12.03%
Interest Paid ¹	-	-	-	5.012	-5	-4.388	-5.067
Earnings before Tax (EBT) ¹	-	-	-	-	557	622	699
Change	-	-	-	-	-	11.67%	12.38%
Net income ¹	315.9	-	-	-	491	549	616
Change	-	-	-	-	-	11.81%	12.2%
Announcement Date	2/24/22	3/10/23	2/28/24	3/20/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	856	915.1	785.2	820	873.7	835	815.9	888.6	986	848.2	898	959.9	1,066	992	969	1,056	1,171
Change	-	6.91%	-14.2%	4.44%	6.54%	-4.43%	-2.29%	8.91%	10.96%	-13.98%	5.88%	6.89%	11.05%	-6.94%	-2.32%	8.98%	10.89%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	10/27/22	3/10/23	4/19/23	8/24/23	10/25/23	4/25/24	8/22/24	10/24/24	3/20/25	4/23/25	8/25/25	10/23/25	-	-	-	-	-

¹CNY in Million

Estimates

¹CNY in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Announcement Date	2/24/22	3/10/23	2/28/24	3/20/25	-	-	-

Estimates

Fiscal Period: December	2025	2026	2027
CAPEX ¹	186	203	203
Change	-	9.14%	0%
Free Cash Flow (FCF) ¹	-	-	-
Change	-	-	-
Announcement Date	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	19.32%	20.45%	20.38%	20.35%
EBIT Margin (%)	-	-	-	15%	14.77%	15.12%	15.38%
EBT Margin (%)	-	-	-	-	14.77%	14.86%	15.17%
Net margin (%)	-	-	-	-	13.02%	13.12%	13.37%
FCF margin (%)	-	-	-	-	-	-	-
FCF / Net Income (%)	-	-	-	-	-	-	-
Profitability
ROA	-	16.46%	10.92%	11.38%	10.3%	11.7%	12.1%
ROE	-	17.01%	17.72%	19.18%	17.3%	19.79%	21.05%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	-	-	4.93%	4.85%	4.4%
CAPEX / EBITDA (%)	-	-	-	-	24.12%	23.8%	21.64%
CAPEX / FCF (%)	-	-	-	-	-	-	-
Items per share
Cash flow per share ¹	-	0.8874	0.8414	0.7534	0.7	0.8825	1.298
Change	-	-	-5.18%	-10.46%	-7.09%	26.07%	47.03%
Dividend per Share ¹	-	0.4	0.55	0.62	0.65	0.725	0.795
Change	-	-	37.5%	12.73%	4.84%	11.54%	9.66%
Book Value Per Share ¹	-	3.72	4.012	4.227	4.34	4.593	4.83
Change	-	-	7.85%	5.36%	2.66%	5.84%	5.15%
EPS ¹	0.5167	-	-	-	0.8	0.9	1.01
Change	-	-	-	-	-	12.5%	12.22%
Nbr of stocks (in thousands)	612,492	611,770	612,492	612,492	612,492	612,492	612,492
Announcement Date	2/24/22	3/10/23	2/28/24	3/20/25	-	-	-