Financials LB Group Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 2025-06-16			5-day change	1st Jan Change
16.35 ^CNY	-0.30%		-1.09%	-7.47%

Jun. 09	LB Group Plans Up to 1 Billion Yuan Share Buyback	MT
Jun. 06	LB Group Co., Ltd. announces an Equity Buyback for CNY 1,000 million worth of its shares.	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	14,108	20,566	24,113	26,765	27,513	29,857	32,088	33,851
Change	-	45.77%	17.25%	11%	2.8%	8.52%	7.47%	5.49%
EBITDA ¹	3,960	7,040	5,788	6,459	6,035	6,721	7,921	8,674
Change	-	77.78%	-17.77%	11.58%	-6.56%	11.37%	17.85%	9.52%
EBIT ¹	2,831	5,554	4,086	3,917	2,924	3,923	5,041	5,584
Change	-	96.16%	-26.43%	-4.12%	-25.37%	34.18%	28.49%	10.78%
Interest Paid ¹	-162.8	-176.5	-102	-237.4	-700.6	-555.4	-559.2	-567.8
Earnings before Tax (EBT) ¹	2,820	5,519	4,073	3,917	2,912	3,834	4,875	5,451
Change	-	95.7%	-26.2%	-3.82%	-25.66%	31.65%	27.16%	11.8%
Net income ¹	2,289	4,676	3,419	3,226	2,169	2,987	3,835	4,249
Change	-	104.33%	-26.88%	-5.64%	-32.79%	37.72%	28.4%	10.81%
Announcement Date	4/15/21	4/12/22	4/27/23	4/23/24	4/23/25	-	-	-

¹CNY in Million

Estimates

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 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	2,636	3,573	4,210	4,645	5,193	5,431	5,297	6,068	6,332	5,630	6,083	6,276	7,014	6,503	7,294	-	7,075	6,647	-	8,222	8,029	6,991
Change	-	35.55%	17.83%	10.34%	11.79%	4.58%	-2.45%	14.54%	4.36%	-11.1%	8.06%	3.16%	11.76%	-7.28%	12.16%	-	-	-6.05%	-	-	-2.35%	-12.93%
EBITDA	802.2	1,058	1,190	1,580	-	-	1,346	1,717	1,769	1,480	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	31.87%	12.51%	32.75%	-	-	-	27.53%	3.02%	-16.34%	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	492.3	786.3	472.6	1,270	1,599	1,672	1,012	1,294	1,447	1,070	274.9	812.5	1,125	1,232	1,147	-	1,029	-211.3	849.1	1,367	1,206	1,030
Change	-	59.72%	-39.9%	168.8%	25.85%	4.61%	-39.48%	27.8%	11.9%	-26.1%	-74.3%	195.52%	38.47%	9.52%	-6.88%	-	-	-120.53%	501.78%	60.97%	-11.79%	-14.6%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	1,261	1,595	1,668	994.9	1,292	1,443	1,066	271.6	818	1,125	1,226	1,149	-	1,025	-226.8	-	1,229	1,111	896.6
Change	-	-	-	-	26.53%	4.57%	-40.35%	29.82%	11.76%	-26.15%	-74.52%	201.2%	37.47%	9.04%	-6.26%	-	-	-122.12%	-	-	-9.61%	-19.3%
Net income ¹	-	-	-	1,064	1,371	1,396	845.6	1,064	1,202	907	246.1	682.6	880	1,084	951.1	770.4	842.2	-395.1	686.1	915.4	854.8	589
Change	-	-	-	-	28.91%	1.79%	-39.42%	25.83%	12.98%	-24.55%	-72.87%	177.38%	28.9%	23.23%	-12.29%	-19%	9.33%	-146.91%	273.67%	33.42%	-6.62%	-31.1%
Announcement Date	7/31/20	10/30/20	4/15/21	4/19/21	8/23/21	10/25/21	4/12/22	4/19/22	8/19/22	10/24/22	4/27/23	8/25/23	10/13/23	4/23/24	4/23/24	8/27/24	10/28/24	4/23/25	4/23/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	3,925	3,555	7,189	14,929	13,944	8,334	6,960	6,068
Change	-	-9.43%	102.22%	107.66%	-6.6%	-40.23%	-16.49%	-12.82%
Announcement Date	4/15/21	4/12/22	4/27/23	4/23/24	4/23/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	934.6	2,749	4,518	2,914	1,581	3,033	2,703	2,597
Change	-	194.09%	64.38%	-35.5%	-45.74%	91.85%	-10.9%	-3.93%
Free Cash Flow (FCF) ¹	-	1,580	-1,321	490.2	2,216	6,641	4,582	6,921
Change	-	-	-183.62%	137.1%	352.12%	199.66%	-31.01%	51.06%
Announcement Date	4/15/21	4/12/22	4/27/23	4/23/24	4/23/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	28.07%	34.23%	24.01%	24.13%	21.93%	22.51%	24.68%	25.62%
EBIT Margin (%)	20.07%	27%	16.94%	14.64%	10.63%	13.14%	15.71%	16.5%
EBT Margin (%)	19.99%	26.84%	16.89%	14.64%	10.58%	12.84%	15.19%	16.1%
Net margin (%)	16.22%	22.74%	14.18%	12.05%	7.88%	10%	11.95%	12.55%
FCF margin (%)	-	7.68%	-5.48%	1.83%	8.05%	22.24%	14.28%	20.45%
FCF / Net Income (%)	-	33.78%	-38.64%	15.19%	102.19%	222.36%	119.47%	162.87%
Profitability
ROA	7.54%	11.68%	-	9.27%	3.34%	4.37%	5.46%	6.35%
ROE	16.18%	27.05%	16.69%	14.56%	9.78%	12.44%	15.19%	16.36%
Financial Health
Leverage (Debt/EBITDA)	0.99x	0.5x	1.24x	2.31x	2.31x	1.24x	0.88x	0.7x
Debt / Free cash flow	-	2.25x	-5.44x	30.46x	6.29x	1.25x	1.52x	0.88x
Capital Intensity
CAPEX / Current Assets (%)	6.62%	13.36%	18.74%	10.89%	5.75%	10.16%	8.42%	7.67%
CAPEX / EBITDA (%)	23.6%	39.04%	78.05%	45.12%	26.2%	45.13%	34.12%	29.93%
CAPEX / FCF (%)	-	173.97%	-341.98%	594.52%	71.35%	45.68%	58.99%	37.52%
Items per share
Cash flow per share ¹	1.536	1.818	1.338	1.427	1.591	2.435	3.282	3.197
Change	-	18.36%	-26.41%	6.66%	11.54%	53.02%	34.8%	-2.61%
Dividend per Share ¹	1.01	1.15	-	0.9	-	1.04	1.208	1.397
Change	-	13.86%	-	-	-	-	16.2%	15.58%
Book Value Per Share ¹	6.986	7.944	8.71	9.421	9.64	9.958	10.69	10.75
Change	-	13.72%	9.65%	8.17%	2.32%	3.3%	7.37%	0.55%
EPS ¹	1.13	2.12	1.44	1.35	0.91	1.251	1.605	1.781
Change	-	87.61%	-32.08%	-6.25%	-32.59%	37.52%	28.29%	10.92%
Nbr of stocks (in thousands)	2,032,021	2,381,470	2,368,139	2,364,177	2,364,177	2,352,294	2,352,294	2,352,294
Announcement Date	4/15/21	4/12/22	4/27/23	4/23/24	4/23/25	-	-	-