Financials Weifu High-Technology Group Co., Ltd. Shenzhen S.E.

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
11.13 ^HKD	+0.09%		+1.46%	+24.92%

Apr. 24	Weifu High-Technology Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 17	BeiGene to Award Shares Worth $15 Million to 11 Directors	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	18,000	21,104	20,142	16,557	13,522	16,713	-
Enterprise Value (EV) ¹	16,715	19,483	20,142	16,557	13,522	16,713	16,713
P/E ratio	8.47 x	8.31 x	8.38 x	197 x	8.02 x	10.3 x	9.62 x
Yield	5.77%	6.47%	7.43%	0.56%	-	-	-
Capitalization / Revenue	2.05 x	1.64 x	1.47 x	1.3 x	1.22 x	1.39 x	1.31 x
EV / Revenue	2.05 x	1.64 x	1.47 x	1.3 x	1.22 x	1.39 x	1.31 x
EV / EBITDA	15.1 x	6.24 x	6.27 x	25.2 x	5.33 x	6.41 x	6.04 x
EV / FCF	-	-	-182,170,211 x	-4,465,647 x	-	-	-
FCF Yield	-	-	-0%	-0%	-	-	-
Price to Book	1.13 x	1.28 x	1.12 x	1.01 x	0.78 x	0.9 x	0.86 x
Nbr of stocks (in thousands)	1,008,951	989,354	1,008,894	992,943	977,163	977,163	-
Reference price ²	19.05	23.19	21.54	17.73	15.07	18.56	18.56
Announcement Date	4/20/20	4/6/21	4/18/22	4/27/23	4/15/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	8,784	12,884	13,682	12,730	11,093	11,984	12,749
EBITDA ¹	1,196	3,381	3,212	658.1	2,539	2,606	2,768
EBIT ¹	855.8	2,941	2,765	181.6	1,922	3,089	3,293
Operating Margin	9.74%	22.82%	20.21%	1.43%	17.32%	25.78%	25.83%
Earnings before Tax (EBT) ¹	2,451	3,003	2,740	179.6	1,934	3,095	3,299
Net income ¹	2,268	2,773	2,575	118.8	1,837	1,817	1,940
Net margin	25.82%	21.52%	18.82%	0.93%	16.56%	15.16%	15.22%
EPS ²	2.250	2.790	2.570	0.0900	1.880	1.810	1.930
Free Cash Flow	-	-	-110.6	-3,708	-	-	-
FCF margin	-	-	-0.81%	-29.13%	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	1.100	1.500	1.600	0.1000	-	-	-
Announcement Date	4/20/20	4/6/21	4/18/22	4/27/23	4/15/24	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	1,285	1,621	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-111	-3,708	-	-	-
ROE (net income / shareholders' equity)	13.8%	15.8%	13.7%	0.64%	9.92%	8.8%	8.9%
ROA (Net income/ Total Assets)	10.1%	10.8%	9.31%	-	-	6.1%	6.1%
Assets ¹	22,425	25,655	27,661	-	-	29,787	31,803
Book Value Per Share ²	16.90	18.10	19.20	17.50	19.40	20.70	21.70
Cash Flow per Share	1.040	0.7700	0.6200	-2.550	-	-	-
Capex ¹	442	450	738	1,132	968	800	700
Capex / Sales	5.03%	3.49%	5.4%	8.89%	8.72%	6.68%	5.49%
Announcement Date	4/20/20	4/6/21	4/18/22	4/27/23	4/15/24	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C-

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

18.56 CNY

Average target price

21 CNY

Spread / Average Target

+13.15%

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