Financials Jiangsu Guoxin Corp. Ltd.

Equities

002608

CNE100001658

Independent Power Producers

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
8.24 ^CNY	+1.10%		-0.60%	+25.42%

Apr. 26	Jiangsu Guoxin Corp. Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 12	Jiangsu Guoxin Corp. Ltd. Proposes Final Cash Dividend for the Year 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	29,129	28,978	26,447	22,517	24,822	31,131	-	-
Enterprise Value (EV) ¹	29,129	28,978	26,447	22,517	24,822	31,131	31,131	31,131
P/E ratio	12.2 x	13 x	-77.8 x	298 x	13.1 x	11.4 x	9.36 x	7.92 x
Yield	-	-	-	-	-	2.43%	2.67%	3.4%
Capitalization / Revenue	1.38 x	-	-	-	0.72 x	0.86 x	0.79 x	0.68 x
EV / Revenue	1.38 x	-	-	-	0.72 x	0.86 x	0.79 x	0.68 x
EV / EBITDA	4.59 x	-	-	-	-	4 x	3.58 x	3.18 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.08 x	-	-	-	0.87 x	1 x	0.91 x	0.82 x
Nbr of stocks (in thousands)	3,778,080	3,778,080	3,778,080	3,778,080	3,778,080	3,778,080	-	-
Reference price ²	7.710	7.670	7.000	5.960	6.570	8.240	8.240	8.240
Announcement Date	2/28/20	2/26/21	4/28/22	4/27/23	3/11/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	21,094	-	-	-	34,572	36,120	39,324	45,558
EBITDA ¹	6,346	-	-	-	-	7,783	8,708	9,782
EBIT ¹	3,905	-	-	-	3,549	4,440	5,332	6,230
Operating Margin	18.51%	-	-	-	10.27%	12.29%	13.56%	13.67%
Earnings before Tax (EBT) ¹	3,901	-	-	-	3,465	4,456	5,345	6,242
Net income ¹	2,389	2,240	-342.8	68.17	1,871	2,732	3,320	3,924
Net margin	11.32%	-	-	-	5.41%	7.56%	8.44%	8.61%
EPS ²	0.6300	0.5900	-0.0900	0.0200	0.5000	0.7233	0.8800	1.040
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	-	0.2000	0.2200	0.2800
Announcement Date	2/28/20	2/26/21	4/28/22	4/27/23	3/11/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	863
Net margin	-
EPS ²	0.2320
Dividend per Share	-
Announcement Date	8/24/23

¹CNY in Million²CNY

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	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.33%	-	-	-	6.64%	8.79%	9.73%	10.4%
ROA (Net income/ Total Assets)	-	-	-	-	-	2.82%	3.24%	3.36%
Assets ¹	-	-	-	-	-	96,895	102,483	116,786
Book Value Per Share ²	7.140	-	-	-	7.580	8.210	9.030	10.00
Cash Flow per Share ²	1.230	-	-	-	-	1.350	1.750	1.900
Capex ¹	1,354	-	-	-	-	5,893	5,170	3,846
Capex / Sales	6.42%	-	-	-	-	16.32%	13.15%	8.44%
Announcement Date	2/28/20	2/26/21	4/28/22	4/27/23	3/11/24	-	-	-

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

Ratings for Jiangsu Guoxin Corp. Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.24 CNY

Average target price

8.76 CNY

Spread / Average Target

+6.31%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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BEIJING JINGNENG POWER CO., LTD.	+15.20%	3.15B

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