Market Closed -
Hong Kong S.E.
03:08:09 2025-02-07 am EST
|
5-day change
|
1st Jan Change
|
6.070 HKD
|
+1.51%
|
|
+1.17%
|
+7.62%
|
 Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
8,183
|
8,172
|
10,013
|
12,930
|
14,346
|
14,621
|
15,455
|
16,564
|
Change
|
-
|
-0.13%
|
22.53%
|
29.13%
|
10.94%
|
1.92%
|
5.7%
|
7.17%
|
EBITDA
1 |
1,370
|
1,084
|
1,566
|
1,706
|
1,885
|
2,146
|
2,361
|
2,624
|
Change
|
-
|
-20.92%
|
44.45%
|
8.94%
|
10.52%
|
13.85%
|
10%
|
11.16%
|
EBIT
1 |
1,234
|
918.2
|
1,396
|
1,464
|
1,580
|
1,851
|
2,056
|
2,295
|
Change
|
-
|
-25.59%
|
52.06%
|
4.88%
|
7.9%
|
17.14%
|
11.08%
|
11.65%
|
Interest Paid
1 |
-110.9
|
-139.5
|
-63.18
|
-108.1
|
-145.4
|
-135.3
|
-136.4
|
-129.7
|
Earnings before Tax (EBT)
1 |
1,121
|
761.6
|
1,287
|
1,361
|
1,449
|
1,744
|
1,957
|
2,214
|
Change
|
-
|
-32.07%
|
68.95%
|
5.76%
|
6.48%
|
20.36%
|
12.19%
|
13.11%
|
Net income
1 |
727.7
|
513
|
908.3
|
921.7
|
1,030
|
1,234
|
1,384
|
1,564
|
Change
|
-
|
-29.5%
|
77.05%
|
1.47%
|
11.75%
|
19.77%
|
12.21%
|
12.98%
|
Announcement Date
|
3/18/20
|
3/18/21
|
3/16/22
|
3/22/23
|
3/18/24
|
-
|
-
|
-
|
 Fiscal Period: December |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 S1
|
2022 S2
|
2023 S1
|
2023 S2
|
2024 S1
|
2024 S2
|
2025 S1
|
---|
Net sales
1 |
3,679
|
4,493
|
4,135
|
5,878
|
5,684
|
7,247
|
6,522
|
7,823
|
7,203
|
7,104
|
7,203
|
Change
|
-
|
22.12%
|
-7.97%
|
42.16%
|
-3.31%
|
27.5%
|
-10%
|
19.94%
|
-7.92%
|
-1.38%
|
1.4%
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1,272
|
-
|
-
|
Change
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-100%
|
-
|
EBIT
|
500.7
|
-
|
683.6
|
712.6
|
921.7
|
542.6
|
986.6
|
-
|
1,094
|
-
|
-
|
Change
|
-
|
-100%
|
-
|
4.24%
|
29.34%
|
-41.13%
|
81.83%
|
-100%
|
-
|
-100%
|
-
|
Charge d'intérêts
|
-77.43
|
-
|
-
|
-
|
-
|
-
|
-74.36
|
-
|
-
|
-
|
-64
|
Earnings before Tax (EBT)
|
418
|
-
|
645.6
|
641.2
|
-
|
478.7
|
917.4
|
-
|
-
|
-
|
-
|
Change
|
-
|
-100%
|
-
|
-0.69%
|
-100%
|
-
|
91.67%
|
-100%
|
-
|
-
|
-
|
Net income
|
247.9
|
265.1
|
426.5
|
481.8
|
590.4
|
331.3
|
665.4
|
-
|
752.1
|
-
|
-
|
Change
|
-
|
6.93%
|
60.89%
|
12.96%
|
22.55%
|
-43.89%
|
100.87%
|
-100%
|
-
|
-100%
|
-
|
Announcement Date
|
8/28/20
|
3/18/21
|
8/23/21
|
3/16/22
|
8/23/22
|
3/22/23
|
8/23/23
|
3/18/24
|
8/20/24
|
-
|
-
|
 Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-1,238
|
-1,292
|
-2,150
|
-990
|
-1,459
|
-1,779
|
-1,761
|
-2,328
|
Change
|
-
|
-204.36%
|
-266.41%
|
-146.05%
|
-247.37%
|
-221.94%
|
-198.99%
|
-232.2%
|
Announcement Date
|
3/18/20
|
3/18/21
|
3/16/22
|
3/22/23
|
3/18/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
CAPEX
1 |
96.98
|
206.6
|
414.4
|
369.6
|
388.5
|
407.9
|
389.3
|
395.2
|
Change
|
-
|
113.06%
|
100.54%
|
-10.79%
|
5.11%
|
4.99%
|
-4.56%
|
1.52%
|
Free Cash Flow (FCF)
1 |
-1,267
|
-253.3
|
287
|
206.8
|
866.4
|
1,945
|
1,237
|
1,394
|
Change
|
-
|
-80%
|
-213.32%
|
-27.93%
|
318.89%
|
124.5%
|
-36.4%
|
12.65%
|
Announcement Date
|
3/18/20
|
3/18/21
|
3/16/22
|
3/22/23
|
3/18/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Profitability
| | | | | | | | |
---|
EBITDA Margin (%)
|
16.75%
|
13.26%
|
15.63%
|
13.19%
|
13.14%
|
14.68%
|
15.27%
|
15.84%
|
EBIT Margin (%)
|
15.08%
|
11.24%
|
13.94%
|
11.32%
|
11.01%
|
12.66%
|
13.3%
|
13.86%
|
EBT Margin (%)
|
13.7%
|
9.32%
|
12.85%
|
10.53%
|
10.1%
|
11.93%
|
12.66%
|
13.36%
|
Net margin (%)
|
8.89%
|
6.28%
|
9.07%
|
7.13%
|
7.18%
|
8.44%
|
8.96%
|
9.44%
|
FCF margin (%)
|
-15.48%
|
-3.1%
|
2.87%
|
1.6%
|
6.04%
|
13.3%
|
8.01%
|
8.41%
|
FCF / Net Income (%)
|
-174.06%
|
-49.37%
|
31.6%
|
22.44%
|
84.12%
|
157.68%
|
89.38%
|
89.11%
|
Profitability
| | | | | | | | |
---|
ROA
|
6.76%
|
4.12%
|
6.68%
|
5.93%
|
6.09%
|
7%
|
7.52%
|
8.02%
|
ROE
|
11.9%
|
7.3%
|
11.99%
|
11.4%
|
12.04%
|
13.33%
|
14.1%
|
14.64%
|
Financial Health
| | | | | | | | |
---|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Debt / Free cash flow
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capital Intensity
| | | | | | | | |
---|
CAPEX / Current Assets (%)
|
1.19%
|
2.53%
|
4.14%
|
2.86%
|
2.71%
|
2.79%
|
2.52%
|
2.39%
|
CAPEX / EBITDA (%)
|
7.08%
|
19.07%
|
26.47%
|
21.67%
|
20.61%
|
19.01%
|
16.49%
|
15.06%
|
CAPEX / FCF (%)
|
-7.66%
|
-81.59%
|
144.38%
|
178.71%
|
44.84%
|
20.97%
|
31.47%
|
28.36%
|
Items per share
| | | | | | | | |
---|
Cash flow per share
1 |
0.3228
|
0.1288
|
0.2742
|
0.2216
|
0.476
|
0.6094
|
0.6634
|
0.6233
|
Change
|
-
|
-60.1%
|
112.9%
|
-19.2%
|
114.83%
|
28.03%
|
8.85%
|
-6.04%
|
Dividend per Share
1 |
0.174
|
0.121
|
0.25
|
0.265
|
0.217
|
0.2398
|
0.27
|
0.2997
|
Change
|
-
|
-30.46%
|
106.61%
|
6%
|
-18.11%
|
10.53%
|
12.56%
|
11.02%
|
Book Value Per Share
1 |
2.909
|
2.877
|
3.015
|
3.272
|
3.355
|
3.676
|
3.917
|
4.29
|
Change
|
-
|
-1.11%
|
4.78%
|
8.54%
|
2.54%
|
9.57%
|
6.55%
|
9.53%
|
EPS
1 |
0.3019
|
0.2064
|
0.3551
|
0.3571
|
0.3958
|
0.4686
|
0.5252
|
0.5911
|
Change
|
-
|
-31.63%
|
72.04%
|
0.56%
|
10.84%
|
18.4%
|
12.07%
|
12.54%
|
Nbr of stocks (in thousands)
|
2,486,090
|
2,503,897
|
2,569,037
|
2,508,154
|
2,524,456
|
2,572,775
|
2,572,775
|
2,572,775
|
Announcement Date
|
3/18/20
|
3/18/21
|
3/16/22
|
3/22/23
|
3/18/24
|
-
|
-
|
-
|
| 2024 * | 2025 * |
---|
P/E ratio |
12.1x |
10.8x |
---|
PBR |
1.54x |
1.45x |
---|
EV / Sales |
0.88x |
0.83x |
---|
Yield |
4.22% |
4.75% |
---|
Last Close Price 5.679CNY Average target price 6.612CNY Spread / Average Target +16.44% Consensus
|