Financials Jiangsu Lopal Tech. Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
8.92 ^CNY	+3.72%		+4.69%	-28.41%

Mar. 07	Jiangsu Lopal Tech. Co., Ltd. agreed to acquire Shandong Meiduo Technology Co., Ltd. from Shi Junfeng for CNY 100 million	CI
Mar. 06	Shandong Meiduo Technology Co., Ltd. announced that it expects to receive CNY 50 million in funding from Jiangsu Lopal Tech. Co., Ltd.	CI

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	2,157	3,190	11,588	17,857	13,082	5,041	5,041	-
Enterprise Value (EV) ¹	2,157	3,190	11,588	17,857	13,082	5,041	5,041	5,041
P/E ratio	26.5 x	25.1 x	50.2 x	50.7 x	16.3 x	-4.31 x	11.2 x	5.1 x
Yield	-	-	-	-	-	-	2.24%	5.83%
Capitalization / Revenue	1.44 x	-	6.05 x	4.41 x	0.93 x	0.32 x	0.26 x	0.21 x
EV / Revenue	1.44 x	-	6.05 x	4.41 x	0.93 x	0.32 x	0.26 x	0.21 x
EV / EBITDA	-	-	35 x	29.4 x	9.13 x	-6.4 x	4.6 x	2.87 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	-	-	6.02 x	8.04 x	2.77 x	1.42 x	1.26 x	1.03 x
Nbr of stocks (in thousands)	426,828	423,658	482,116	482,091	565,079	565,079	565,079	-
Reference price ²	5.054	7.529	24.04	37.04	23.15	8.920	8.920	8.920
Announcement Date	4/19/19	4/29/20	3/26/21	4/8/22	4/26/23	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	1,498	-	1,915	4,054	14,072	15,571	19,225	23,757
EBITDA ¹	-	-	331.3	606.9	1,432	-788	1,096	1,757
EBIT ¹	-	-	272.1	506.4	1,158	-1,035	922	1,622
Operating Margin	-	-	14.21%	12.49%	8.23%	-6.65%	4.8%	6.83%
Earnings before Tax (EBT) ¹	-	-	273.3	506.5	1,161	-1,035	922	1,622
Net income ¹	-	127.4	202.8	350.8	752.9	-1,168	452	987
Net margin	-	-	10.59%	8.66%	5.35%	-7.5%	2.35%	4.15%
EPS ²	0.1905	0.3000	0.4786	0.7300	1.420	-2.070	0.8000	1.750
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	-	-	0.2000	0.5200
Announcement Date	4/19/19	4/29/20	3/26/21	4/8/22	4/26/23	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	14.2%	17.1%	21.1%	-28.2%	12%	22.2%
ROA (Net income/ Total Assets)	-	-	7.91%	7.74%	7.24%	-7.5%	2.6%	4.8%
Assets ¹	-	-	2,563	4,531	10,398	15,573	17,385	20,562
Book Value Per Share ²	-	-	3.990	4.610	8.360	6.290	7.090	8.640
Cash Flow per Share ²	-	-	0.6300	-0.8500	-5.750	1.490	1.230	2.140
Capex ¹	-	-	248	509	1,116	360	360	460
Capex / Sales	-	-	12.94%	12.56%	7.93%	2.31%	1.87%	1.94%
Announcement Date	4/19/19	4/29/20	3/26/21	4/8/22	4/26/23	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.92 CNY

Average target price

14.49 CNY

Spread / Average Target

+62.44%

	1st Jan change	Capi.
JIANGSU LOPAL TECH. CO., LTD.	-28.41%	696M
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