Financials Yunnan Lincang Xinyuan Germanium Industry Co.,LTD

Equities

End-of-day quote Shenzhen S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
10.16 ^CNY	-5.93%		+2.11%	-17.60%

Apr. 29	Yunnan Lincang Xinyuan Germanium Industry Co.,LTD Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 29	Yunnan Lincang Xinyuan Germanium Industry Co.,LTD Proposes Final Cash Dividend (Tax Included) for the Year 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,558	8,027	7,837	6,087	8,053	6,636	-	-
Enterprise Value (EV) ¹	5,558	8,027	7,837	6,087	8,053	6,636	6,636	6,636
P/E ratio	-94.6 x	410 x	600 x	-93.2 x	1,233 x	254 x	145 x	102 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	13.3 x	12 x	-	-	12 x	9 x	8.3 x	7.83 x
EV / Revenue	13.3 x	12 x	-	-	12 x	9 x	8.3 x	7.83 x
EV / EBITDA	231 x	75.1 x	-	-	65.7 x	37 x	30.8 x	26.6 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	3.89 x	5.52 x	-	-	5.68 x	4.6 x	4.46 x	4.25 x
Nbr of stocks (in thousands)	653,120	653,120	653,120	653,120	653,120	653,120	-	-
Reference price ²	8.510	12.29	12.00	9.320	12.33	10.16	10.16	10.16
Announcement Date	2/27/20	2/25/21	3/31/22	4/12/23	3/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	418.5	670	-	-	672	737.4	799.2	847
EBITDA ¹	24.06	106.8	-	-	122.5	179.4	215.5	249.7
EBIT ¹	-53.73	21.78	-	-	3.658	37.25	65.73	90.65
Operating Margin	-12.84%	3.25%	-	-	0.54%	5.05%	8.22%	10.7%
Earnings before Tax (EBT) ¹	-59.99	21.65	-	-	3.245	39.05	66.43	91.9
Net income ¹	-59.15	22.63	13.96	-62.4	6.975	28.21	47.99	66.4
Net margin	-14.13%	3.38%	-	-	1.04%	3.83%	6%	7.84%
EPS ²	-0.0900	0.0300	0.0200	-0.1000	0.0100	0.0400	0.0700	0.1000
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	2/27/20	2/25/21	3/31/22	4/12/23	3/19/24	-	-	-

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	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-4.06%	1.57%	-	-	0.49%	2.17%	3.55%	4.69%
ROA (Net income/ Total Assets)	-3.96%	1.07%	-	-	-	-	-	-
Assets ¹	1,494	2,125	-	-	-	-	-	-
Book Value Per Share ²	2.190	2.230	-	-	2.170	2.210	2.280	2.390
Cash Flow per Share ²	-0.1600	0.1900	-	-	-0.2300	0.2100	0.2400	0.3500
Capex ¹	37.9	187	-	-	53.9	139	132	102
Capex / Sales	9.05%	27.84%	-	-	8.02%	18.89%	16.51%	12.09%
Announcement Date	2/27/20	2/25/21	3/31/22	4/12/23	3/19/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

10.16 CNY

Average target price

12.55 CNY

Spread / Average Target

+23.52%

	1st Jan change	Capi.
YUNNAN LINCANG XINYUAN GERMANIUM INDUSTRY CO.,LTD	-17.60%	917M
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CHINA RARE EARTH RESOURCES AND TECHNOLOGY CO., LTD.	+1.30%	4.11B
PANGANG GROUP VANADIUM & TITANIUM RESOURCES CO., LTD.	-5.18%	3.99B
YUNNAN COPPER CO.,LTD	+29.11%	3.89B
CHINA NONFERROUS MINING CORPORATION LIMITED	+39.38%	3.57B
WESTERN SUPERCONDUCTING TECHNOLOGIES CO., LTD.	-25.51%	3.56B
AURUBIS AG	+1.27%	3.51B
ZHE JIANG HAI LIANG CO., LTD	-17.22%	2.55B