Financials Shenzhen Hopewind Electric 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
19.22 ^CNY	+2.13%		+1.10%	-23.12%

Apr. 22	Shenzhen Hopewind Electric Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 18	Shenzhen Hopewind Electric Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,025	8,365	17,592	12,305	11,081	8,519	-	-
Enterprise Value (EV) ¹	4,025	8,365	17,592	12,305	11,081	8,519	8,519	8,519
P/E ratio	58.4 x	31.7 x	64 x	46.5 x	22.1 x	13.1 x	10.4 x	9.29 x
Yield	-	0.32%	-	0.22%	0.8%	0.78%	0.94%	-
Capitalization / Revenue	2.25 x	3.58 x	-	4.38 x	2.95 x	1.83 x	1.44 x	1.27 x
EV / Revenue	2.25 x	3.58 x	-	4.38 x	2.95 x	1.83 x	1.44 x	1.27 x
EV / EBITDA	-	-	-	-	14.8 x	10.1 x	8.42 x	7.21 x
EV / FCF	-	-	-	-	162 x	36.4 x	23.8 x	-
FCF Yield	-	-	-	-	0.62%	2.75%	4.2%	-
Price to Book	-	3 x	-	3.6 x	2.81 x	1.89 x	1.63 x	1.41 x
Nbr of stocks (in thousands)	430,890	432,751	436,406	441,343	443,227	443,227	-	-
Reference price ²	9.340	19.33	40.31	27.88	25.00	19.22	19.22	19.22
Announcement Date	4/27/20	4/27/21	3/30/22	4/6/23	4/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,786	2,339	-	2,809	3,752	4,644	5,912	6,692
EBITDA ¹	-	-	-	-	748.3	840.3	1,012	1,181
EBIT ¹	-	279.1	-	297.2	572	690.6	865.2	1,025
Operating Margin	-	11.93%	-	10.58%	15.25%	14.87%	14.63%	15.32%
Earnings before Tax (EBT) ¹	-	285.4	-	296.1	569.8	690.5	865.5	1,025
Net income ¹	-	266.7	279.9	266.8	502.2	652.6	817.3	917.1
Net margin	-	11.4%	-	9.5%	13.39%	14.06%	13.82%	13.71%
EPS ²	0.1600	0.6100	0.6300	0.6000	1.130	1.472	1.844	2.070
Free Cash Flow ¹	-	-	-	-	68.25	234	358	-
FCF margin	-	-	-	-	1.82%	5.04%	6.06%	-
FCF Conversion (EBITDA)	-	-	-	-	9.12%	27.85%	35.38%	-
FCF Conversion (Net income)	-	-	-	-	13.59%	35.85%	43.8%	-
Dividend per Share ²	-	0.0620	-	0.0610	0.2000	0.1500	0.1800	-
Announcement Date	4/27/20	4/27/21	3/30/22	4/6/23	4/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-	-	68.2	234	358	-
ROE (net income / shareholders' equity)	-	10.3%	-	8.14%	13.6%	14.4%	15.9%	15%
ROA (Net income/ Total Assets)	-	-	-	-	-	7.3%	7.6%	7.9%
Assets ¹	-	-	-	-	-	8,940	10,754	11,609
Book Value Per Share ²	-	6.450	-	7.740	8.890	10.10	11.80	13.70
Cash Flow per Share ²	-	0.3200	-	0.9300	1.100	1.210	1.600	2.830
Capex ¹	-	296	-	264	420	176	148	235
Capex / Sales	-	12.64%	-	9.39%	11.19%	3.8%	2.5%	3.51%
Announcement Date	4/27/20	4/27/21	3/30/22	4/6/23	4/18/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

19.22 CNY

Average target price

28.3 CNY

Spread / Average Target

+47.24%

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