Stock 002610 ZHEJIANG AKCOME NEW ENERGY TECHNOLOGY CO.,LTD.
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Financials Zhejiang Akcome New Energy Technology Co.,Ltd.

Equities

002610

CNE1000016H1

Renewable Energy Equipment & Services

End-of-day quote Shenzhen S.E.
Other stock markets
 06:00:00 2024-04-28 pm EDT 		5-day change 1st Jan Change
1.76 CNY +2.92% Intraday chart for Zhejiang Akcome New Energy Technology Co.,Ltd. +5.39% -18.52%
Mar. 21 Zhejiang Akcome New Energy Technology Co.,Ltd. Approves Appointment of Su Yating as A Supervisor CI
Jan. 03 Akcome to Build 1 Billion Yuan Perovskite Cell Factory MT

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 10,643 7,049 7,227 14,765 21,054 12,730
Enterprise Value (EV) 1 16,353 11,303 10,951 17,327 23,070 13,662
P/E ratio 94.8 x 56.1 x -4.47 x 671 x -51.9 x -15.3 x
Yield - - - - - -
Capitalization / Revenue 2.19 x 1.46 x 1.41 x 4.9 x 8.32 x 1.9 x
EV / Revenue 3.37 x 2.33 x 2.14 x 5.74 x 9.11 x 2.04 x
EV / EBITDA 17.5 x 13.2 x 23.7 x 46.8 x -133 x -40.8 x
EV / FCF -17 x -4.24 x 21 x -21.4 x 63.4 x 11.5 x
FCF Yield -5.88% -23.6% 4.77% -4.68% 1.58% 8.7%
Price to Book 1.11 x 1.2 x 1.76 x 3.6 x 5.78 x 4.45 x
Nbr of stocks (in thousands) 4,490,862 4,489,969 4,489,121 4,487,969 4,479,533 4,466,822
Reference price 2 2.370 1.570 1.610 3.290 4.700 2.850
Announcement Date 4/24/18 4/22/19 4/29/20 4/29/21 4/13/22 4/24/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 4,856 4,843 5,126 3,016 2,531 6,691
EBITDA 1 935.2 858 461.2 370.2 -172.9 -335.1
EBIT 1 439 417.3 184.1 132.1 -303.7 -506.9
Operating Margin 9.04% 8.62% 3.59% 4.38% -12% -7.58%
Earnings before Tax (EBT) 1 132.7 157.4 -1,638 -36.7 -519.8 -912.5
Net income 1 113.5 125.3 -1,612 22.08 -406 -833.7
Net margin 2.34% 2.59% -31.44% 0.73% -16.04% -12.46%
EPS 2 0.0250 0.0280 -0.3600 0.004900 -0.0906 -0.1861
Free Cash Flow 1 -962.1 -2,664 522.5 -810.9 364.1 1,188
FCF margin -19.81% -55.02% 10.19% -26.88% 14.39% 17.76%
FCF Conversion (EBITDA) - - 113.28% - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/24/18 4/22/19 4/29/20 4/29/21 4/13/22 4/24/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 5,710 4,253 3,723 2,562 2,017 932
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.105 x 4.957 x 8.073 x 6.921 x -11.66 x -2.781 x
Free Cash Flow 1 -962 -2,664 522 -811 364 1,188
ROE (net income / shareholders' equity) 1.93% 2.35% -33.3% 0.72% -10.5% -23.7%
ROA (Net income/ Total Assets) 1.63% 1.68% 0.89% 0.78% -2.01% -3.07%
Assets 1 6,945 7,482 -181,233 2,839 20,178 27,178
Book Value Per Share 2 2.140 1.310 0.9100 0.9100 0.8100 0.6400
Cash Flow per Share 2 1.070 0.4600 0.3200 0.1400 0.2600 0.6700
Capex 1 1,060 913 713 385 371 274
Capex / Sales 21.82% 18.85% 13.9% 12.75% 14.68% 4.09%
Announcement Date 4/24/18 4/22/19 4/29/20 4/29/21 4/13/22 4/24/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

Company calendar

Sector Photovoltaic Solar Systems & Equipment

1st Jan change Capi.
ZHEJIANG AKCOME NEW ENERGY TECHNOLOGY CO.,LTD. Stock Zhejiang Akcome New Energy Technology Co.,Ltd.
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Photovoltaic Solar Systems & Equipment
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