Financials Jiangsu High Hope International Group Corporation

Equities

600981

CNE000001JX7

Diversified Industrial Goods Wholesale

End-of-day quote Shanghai S.E. 06:00:00 2024-06-06 pm EDT 5-day change 1st Jan Change
1.88 CNY +4.44% Intraday chart for Jiangsu High Hope International Group Corporation -9.62% -38.36%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 8,387 8,342 6,862 7,916 6,481 6,839
Enterprise Value (EV) 1 13,193 9,189 7,659 9,363 8,939 9,564
P/E ratio 6.93 x 24.8 x 27.8 x 32.1 x -13.1 x -76.3 x
Yield 4.41% 1.34% 1.14% 0.99% 0.35% -
Capitalization / Revenue 0.22 x 0.23 x 0.18 x 0.17 x 0.14 x 0.14 x
EV / Revenue 0.34 x 0.26 x 0.2 x 0.21 x 0.19 x 0.2 x
EV / EBITDA -33.5 x 18.6 x 17.1 x 41.1 x -44.5 x 18.9 x
EV / FCF 14.9 x -60.9 x 2,872 x -10.3 x -19.3 x -33 x
FCF Yield 6.69% -1.64% 0.03% -9.71% -5.19% -3.03%
Price to Book 1.56 x 1.58 x 1.27 x 1.42 x 1.29 x 1.42 x
Nbr of stocks (in thousands) 2,242,433 2,242,433 2,242,433 2,242,433 2,242,433 2,242,433
Reference price 2 3.740 3.720 3.060 3.530 2.890 3.050
Announcement Date 4/23/19 4/26/20 4/26/21 4/25/22 4/24/23 4/28/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 38,983 35,578 37,858 45,278 47,759 48,005
EBITDA 1 -394 494.1 448.6 227.9 -201 507.3
EBIT 1 -513.7 324.7 286.2 73.19 -356.6 353.9
Operating Margin -1.32% 0.91% 0.76% 0.16% -0.75% 0.74%
Earnings before Tax (EBT) 1 1,779 729.7 556.5 475.6 -609.2 168.2
Net income 1 1,202 337 237.8 248.6 -499.9 -87.45
Net margin 3.08% 0.95% 0.63% 0.55% -1.05% -0.18%
EPS 2 0.5400 0.1500 0.1100 0.1100 -0.2200 -0.0400
Free Cash Flow 1 882.5 -151 2.666 -909 -464.2 -290
FCF margin 2.26% -0.42% 0.01% -2.01% -0.97% -0.6%
FCF Conversion (EBITDA) - - 0.59% - - -
FCF Conversion (Net income) 73.45% - 1.12% - - -
Dividend per Share 2 0.1650 0.0500 0.0350 0.0350 0.0100 -
Announcement Date 4/23/19 4/26/20 4/26/21 4/25/22 4/24/23 4/28/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2022 Q1
Net sales -
EBITDA -
EBIT -
Operating Margin -
Earnings before Tax (EBT) -
Net income 1 0.7629
Net margin -
EPS 2 0.000300
Dividend per Share -
Announcement Date 4/25/22
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4,806 847 797 1,447 2,458 2,725
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) -12.2 x 1.715 x 1.776 x 6.348 x -12.23 x 5.371 x
Free Cash Flow 1 883 -151 2.67 -909 -464 -290
ROE (net income / shareholders' equity) 17.8% 7.64% 5.43% 5.2% -13.2% -0.06%
ROA (Net income/ Total Assets) -1.11% 0.77% 0.71% 0.18% -0.89% 0.91%
Assets 1 -108,347 43,517 33,393 135,947 56,085 -9,597
Book Value Per Share 2 2.390 2.360 2.410 2.480 2.230 2.150
Cash Flow per Share 2 2.670 2.020 2.040 1.670 1.840 1.490
Capex 1 157 125 93.6 72 50.6 51.6
Capex / Sales 0.4% 0.35% 0.25% 0.16% 0.11% 0.11%
Announcement Date 4/23/19 4/26/20 4/26/21 4/25/22 4/24/23 4/28/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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