Financials Shenzhen Jinjia Group Co.,Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
4.38 ^CNY	+1.15%		+3.30%	-18.44%

Apr. 26	Shenzhen Jinjia Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 19	Shenzhen Jinjia Group Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	16,714	13,446	21,935	10,548	7,648	6,238	-
Enterprise Value (EV) ¹	15,656	11,877	20,512	9,164	6,553	4,542	4,504
P/E ratio	19 x	16.5 x	21.6 x	51.6 x	67.1 x	10.7 x	10.6 x
Yield	1.31%	3.79%	2.31%	5.53%	5.59%	5.58%	3.92%
Capitalization / Revenue	4.19 x	3.21 x	4.33 x	2.03 x	1.94 x	1.46 x	1.56 x
EV / Revenue	3.93 x	2.83 x	4.05 x	1.77 x	1.66 x	1.06 x	1.12 x
EV / EBITDA	12 x	10 x	14.6 x	12.8 x	13.2 x	5.41 x	6.32 x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	2.41 x	1.82 x	2.84 x	1.42 x	1.14 x	0.82 x	0.79 x
Nbr of stocks (in thousands)	1,464,870	1,456,729	1,449,773	1,458,882	1,424,276	1,424,276	-
Reference price ²	11.41	9.230	15.13	7.230	5.370	4.380	4.380
Announcement Date	2/27/20	2/26/21	2/25/22	4/14/23	4/19/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	3,989	4,191	5,067	5,189	3,945	4,267	4,005
EBITDA ¹	1,310	1,183	1,402	713.3	497.1	839.5	712.4
EBIT ¹	1,133	990.5	1,197	484.4	272.6	630.6	479.8
Operating Margin	28.41%	23.63%	23.63%	9.34%	6.91%	14.78%	11.98%
Earnings before Tax (EBT) ¹	1,133	993.1	1,196	332.1	185.9	732	-
Net income ¹	876.8	823.6	1,020	197.3	118.4	593	-
Net margin	21.98%	19.65%	20.12%	3.8%	3%	13.9%	-
EPS ²	0.6000	0.5600	0.7000	0.1400	0.0800	0.4092	0.4150
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.1500	0.3500	0.3500	0.4000	0.3000	0.2443	0.1718
Announcement Date	2/27/20	2/26/21	2/25/22	4/14/23	4/19/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	1,058	1,569	1,423	1,384	1,095	1,697	1,734
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	13.1%	11.5%	13.5%	2.46%	1.64%	6.54%	4.59%
ROA (Net income/ Total Assets)	10.4%	9.32%	10.6%	2%	-	6.4%	-
Assets ¹	8,438	8,840	9,666	9,882	-	9,266	-
Book Value Per Share ²	4.730	5.070	5.330	5.080	4.700	5.350	5.550
Cash Flow per Share ²	0.8100	0.7100	0.5900	0.3400	0.3200	0.4000	0.3400
Capex ¹	335	174	340	257	108	228	200
Capex / Sales	8.4%	4.14%	6.71%	4.95%	2.74%	5.33%	4.99%
Announcement Date	2/27/20	2/26/21	2/25/22	4/14/23	4/19/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

4.38 CNY

Average target price

5.15 CNY

Spread / Average Target

+17.58%

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