Financials Luxshare Precision Industry Co., Ltd.

Equities

002475

CNE100000TP3

Electronic Equipment & Parts

End-of-day quote Shenzhen S.E. Other stock markets 2024-12-12			5-day change	1st Jan Change
41.37 ^CNY	+0.29%		+4.50%	+20.09%

Dec. 02	Jefferies Upgrades Luxshare Precision Industry to Buy From Hold, Adjusts Price Target to 46 Yuan From 47 Yuan	MT
Nov. 22	Time Interconnect Technology Limited Enters into the Fourth Equipment Purchase Agreement with Luxshare Precision Industry Co., Ltd	CI

Projected Income Statement: Luxshare Precision Industry Co., Ltd.

income-statement-evolution-chart LUXSHARE-PRECISION-INDUST

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	62,380	92,501	153,946	214,028	231,905	262,489	299,731	339,075
Change	-	48.29%	66.43%	39.03%	8.35%	13.19%	14.19%	13.13%
EBITDA ¹	7,416	10,585	13,356	18,955	23,180	24,475	29,250	34,333
Change	-	42.73%	26.18%	41.92%	22.29%	5.59%	19.51%	17.38%
EBIT ¹	5,745	8,168	8,167	11,154	12,860	14,692	18,817	22,585
Change	-	42.18%	-0%	36.57%	15.29%	14.24%	28.08%	20.02%
Interest Paid ¹	-330.1	-904.8	-554.7	-882.7	-482.9	-560.7	-565.6	-522.9
Earnings before Tax (EBT) ¹	5,635	8,136	8,143	11,158	12,885	15,919	20,445	24,700
Change	-	44.37%	0.09%	37.03%	15.48%	23.55%	28.43%	20.81%
Net income ¹	4,714	7,225	7,071	9,163	10,953	13,588	17,479	21,182
Change	-	53.28%	-2.14%	29.6%	19.53%	24.06%	28.64%	21.19%
Announcement Date	2/27/20	3/22/21	3/14/22	4/27/23	4/24/24	-	-	-

¹CNY in Million

Estimates

Fiscal Period: Dicembre	2019 Q4	2020 Q1	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	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	24,544	16,513	19,938	23,076	32,973	21,019	27,128	32,866	72,934	41,600	40,361	63,291	68,776	49,942	48,029	57,904	76,031	52,407	51,191	73,579	86,925	59,533	60,280	79,817	94,279
Change	-	-32.72%	20.74%	15.74%	42.89%	-36.25%	29.06%	21.15%	121.91%	-42.96%	-2.98%	56.81%	8.67%	-27.38%	-3.83%	20.56%	31.31%	-31.07%	-2.32%	43.73%	18.14%	-31.51%	1.25%	32.41%	18.12%
EBITDA ¹	2,628	1,484	2,385	3,004	3,294	1,973	2,760	2,300	3,866	3,292	3,560	5,241	-	-	-	-	-	-	-	-	7,116	5,306	-	-	-
Change	-	-43.54%	60.72%	25.98%	9.67%	-40.1%	39.85%	-16.66%	68.09%	-14.86%	8.16%	47.22%	-100%	-	-	-	-	-	-	-	-	-25.44%	-100%	-	-
EBIT ¹	2,106	1,210	1,896	2,635	2,426	1,598	1,998	1,910	2,662	2,289	2,170	3,669	3,027	2,177	2,772	3,877	4,034	2,808	3,357	4,376	4,892	2,955	3,399	5,339	5,681
Change	-	-42.53%	56.68%	38.94%	-7.93%	-34.15%	25.09%	-4.44%	39.39%	-14.03%	-5.17%	69.05%	-17.51%	-28.07%	27.31%	39.89%	4.05%	-30.4%	19.56%	30.38%	11.78%	-39.59%	15%	57.08%	6.41%
Charge d'intérêts ¹	-163.6	-21.79	-91.81	-73.63	-717.6	-	-242.6	6.024	-266	-	-105.6	-159.4	-471.6	-	-388.8	-118.6	-	-	-207.5	-300.1	-291.5	-	-	-	-
Earnings before Tax (EBT) ¹	2,077	1,201	1,887	2,621	2,427	1,601	1,972	1,907	2,663	2,287	2,177	3,622	3,072	2,180	2,765	3,877	4,064	2,809	3,352	4,372	5,146	3,421	4,004	5,844	7,176
Change	-	-42.2%	57.21%	38.86%	-7.39%	-34.04%	23.16%	-3.26%	39.6%	-14.1%	-4.84%	66.42%	-15.18%	-29.06%	26.87%	40.2%	4.82%	-30.87%	19.32%	30.43%	17.71%	-33.51%	17.03%	45.95%	22.79%
Net income ¹	1,826	981.9	1,556	2,142	2,546	1,350	1,740	1,600	2,381	1,803	1,981	2,616	2,763	2,018	2,338	3,018	3,578	2,471	2,925	3,679	4,348	2,910	3,368	4,686	5,839
Change	-	-46.24%	58.46%	37.66%	18.86%	-46.99%	28.91%	-8.01%	48.76%	-24.26%	9.84%	32.09%	5.6%	-26.96%	15.85%	29.12%	18.55%	-30.95%	18.38%	25.76%	18.2%	-33.09%	15.73%	39.15%	24.61%
Announcement Date	2/27/20	4/27/20	8/24/20	10/27/20	3/22/21	4/27/21	8/24/21	10/27/21	3/14/22	4/27/22	8/25/22	10/28/22	4/27/23	4/27/23	8/28/23	10/20/23	4/24/24	4/24/24	8/23/24	10/25/24	-	-	-	-	-

¹CNY in Million

Estimates

Fiscal Period: Dicembre	2020 S1	2021 S2	2022 S2	2023 S2
Net sales ¹	36,452	105,799	132,067	133,934
Change	-	190.25%	24.83%	1.41%
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT ¹	-	4,572	6,696	7,911
Change	-	-	46.46%	18.16%
Charge d'intérêts ¹	-	-	-631	-414.4
Earnings before Tax (EBT) ¹	-	4,570	6,694	7,940
Change	-	-	46.48%	18.61%
Net income ¹	2,538	3,981	5,379	6,597
Change	-	56.88%	35.11%	22.64%
Announcement Date	8/24/20	3/14/22	4/27/23	4/24/24

¹CNY in Million

Estimates

Forecast Balance Sheet: Luxshare Precision Industry Co., Ltd.

balance-sheet-analysis-chart LUXSHARE-PRECISION-INDUST

Fiscal Period: Dicembre	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-84.7	1,298	5,816	8,672	4,600	7,880	-1,632	-16,010
Change	-	1,432.47%	348.07%	49.11%	-46.96%	71.3%	-120.71%	-1,081%
Announcement Date	2/27/20	3/22/21	3/14/22	4/27/23	4/24/24	-	-	-

¹CNY in Million

Estimates

Cash Flow Forecast: Luxshare Precision Industry Co., Ltd.

Fiscal Period: Dicembre	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	6,222	7,397	12,224	13,077	10,889	10,652	10,604	10,933
Change	-	18.88%	65.26%	6.98%	-16.74%	-2.17%	-0.45%	3.11%
Free Cash Flow (FCF) ¹	1,244	-523.7	-4,939	-349.8	16,716	11,552	16,534	21,010
Change	-	-142.11%	843.08%	-92.92%	-4,879.53%	-30.89%	43.13%	27.07%
Announcement Date	2/27/20	3/22/21	3/14/22	4/27/23	4/24/24	-	-	-

¹CNY in Million

Estimates

Forecast Financial Ratios: Luxshare Precision Industry Co., Ltd.

Fiscal Period: Dicembre	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	11.89%	11.44%	8.68%	8.86%	10%	9.32%	9.76%	10.13%
EBIT Margin (%)	9.21%	8.83%	5.31%	5.21%	5.55%	5.6%	6.28%	6.66%
EBT Margin (%)	9.03%	8.8%	5.29%	5.21%	5.56%	6.06%	6.82%	7.28%
Net margin (%)	7.56%	7.81%	4.59%	4.28%	4.72%	5.18%	5.83%	6.25%
FCF margin (%)	1.99%	-0.57%	-3.21%	-0.16%	7.21%	4.4%	5.52%	6.2%
FCF / Net Income (%)	26.39%	-7.25%	-69.85%	-3.82%	152.62%	85.02%	94.6%	99.19%
Profitability
ROA	10.98%	12.1%	7.59%	6.81%	7.06%	7.61%	8.35%	8.86%
ROE	26.55%	30.29%	22.35%	23%	21.61%	19.49%	20.8%	20.82%
Financial Health
Leverage (Debt/EBITDA)	-	0.12x	0.44x	0.46x	0.2x	0.32x	-	-
Debt / Free cash flow	-	-2.48x	-1.18x	-24.79x	0.28x	0.68x	-	-
Capital Intensity
CAPEX / Current Assets (%)	9.97%	8%	7.94%	6.11%	4.7%	4.06%	3.54%	3.22%
CAPEX / EBITDA (%)	83.91%	69.88%	91.53%	68.99%	46.97%	43.52%	36.25%	31.84%
CAPEX / FCF (%)	500.24%	-1,412.39%	-247.49%	-3,739.04%	65.14%	92.21%	64.13%	52.04%
Items per share
Cash flow per share ¹	1.07	0.9794	1.03	1.789	3.855	3.041	3.277	3.848
Change	-	-8.51%	5.19%	73.63%	115.53%	-21.13%	7.78%	17.42%
Dividend per Share ¹	0.0923	0.11	0.11	0.13	0.3	0.3308	0.3956	0.4615
Change	-	19.16%	0%	18.18%	130.77%	10.27%	19.57%	16.66%
Book Value Per Share ¹	2.91	3.929	4.916	6.298	7.79	9.375	11.52	14.03
Change	-	35.02%	25.11%	28.12%	23.69%	20.35%	22.86%	21.83%
EPS ¹	0.6692	1.01	0.99	1.28	1.53	1.889	2.431	2.938
Change	-	50.92%	-1.98%	29.29%	19.53%	23.47%	28.67%	20.87%
Nbr of stocks (in thousands)	6,953,548	6,996,787	7,048,406	7,093,995	7,142,335	7,222,259	7,222,259	7,222,259
Announcement Date	2/27/20	3/22/21	3/14/22	4/27/23	4/24/24	-	-	-