End-of-day quote
Shanghai S.E.
06:00:00 2024-05-30 pm EDT
|
5-day change
|
1st Jan Change
|
1,648
CNY
|
-0.03%
|
|
-1.71%
|
-4.49%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,486,082
|
2,509,883
|
2,575,205
|
2,169,454
|
2,168,197
|
2,070,779
|
-
|
-
|
Enterprise Value (EV)
1 |
1,472,830
|
2,473,792
|
2,523,500
|
2,111,289
|
2,099,184
|
1,874,512
|
1,819,911
|
1,774,989
|
P/E ratio
|
36.1
x
|
53.8
x
|
49.1
x
|
34.6
x
|
29
x
|
23.4
x
|
20.3
x
|
17.8
x
|
Yield
|
1.44%
|
0.97%
|
1.06%
|
1.5%
|
1.79%
|
2.34%
|
2.73%
|
3.15%
|
Capitalization / Revenue
|
16.7
x
|
26.4
x
|
24.3
x
|
17
x
|
14.7
x
|
11.8
x
|
10.3
x
|
9.06
x
|
EV / Revenue
|
16.6
x
|
26.1
x
|
23.8
x
|
16.6
x
|
14.2
x
|
10.7
x
|
9.06
x
|
7.76
x
|
EV / EBITDA
|
24.4
x
|
36.4
x
|
33.1
x
|
23.6
x
|
19.9
x
|
15.4
x
|
13
x
|
11.1
x
|
EV / FCF
|
35
x
|
49.9
x
|
41.6
x
|
67.3
x
|
32.8
x
|
21.2
x
|
18.6
x
|
15.6
x
|
FCF Yield
|
2.86%
|
2%
|
2.4%
|
1.49%
|
3.05%
|
4.72%
|
5.39%
|
6.4%
|
Price to Book
|
10.9
x
|
15.6
x
|
13.6
x
|
11
x
|
10.1
x
|
8.02
x
|
6.61
x
|
5.71
x
|
Nbr of stocks (in thousands)
|
1,256,198
|
1,256,198
|
1,256,198
|
1,256,198
|
1,256,198
|
1,256,198
|
-
|
-
|
Reference price
2 |
1,183
|
1,998
|
2,050
|
1,727
|
1,726
|
1,648
|
1,648
|
1,648
|
Announcement Date
|
4/21/20
|
3/30/21
|
3/30/22
|
3/30/23
|
4/2/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
88,854
|
94,915
|
106,190
|
127,554
|
147,694
|
175,177
|
200,890
|
228,641
|
EBITDA
1 |
60,285
|
67,952
|
76,230
|
89,556
|
105,629
|
121,583
|
140,390
|
159,886
|
EBIT
1 |
59,041
|
66,635
|
74,751
|
87,880
|
103,709
|
120,860
|
139,852
|
159,341
|
Operating Margin
|
66.45%
|
70.2%
|
70.39%
|
68.9%
|
70.22%
|
68.99%
|
69.62%
|
69.69%
|
Earnings before Tax (EBT)
1 |
58,783
|
66,197
|
74,528
|
87,701
|
103,663
|
122,516
|
141,092
|
161,327
|
Net income
1 |
41,206
|
46,697
|
52,460
|
62,716
|
74,734
|
88,298
|
101,950
|
116,434
|
Net margin
|
46.38%
|
49.2%
|
49.4%
|
49.17%
|
50.6%
|
50.4%
|
50.75%
|
50.92%
|
EPS
2 |
32.80
|
37.17
|
41.76
|
49.93
|
59.49
|
70.34
|
81.13
|
92.80
|
Free Cash Flow
1 |
42,062
|
49,580
|
60,622
|
31,392
|
63,998
|
88,428
|
98,084
|
113,574
|
FCF margin
|
47.34%
|
52.24%
|
57.09%
|
24.61%
|
43.33%
|
50.48%
|
48.82%
|
49.67%
|
FCF Conversion (EBITDA)
|
69.77%
|
72.96%
|
79.53%
|
35.05%
|
60.59%
|
72.73%
|
69.87%
|
71.03%
|
FCF Conversion (Net income)
|
102.08%
|
106.17%
|
115.56%
|
50.05%
|
85.63%
|
100.15%
|
96.21%
|
97.54%
|
Dividend per Share
2 |
17.02
|
19.29
|
21.68
|
25.91
|
30.88
|
38.54
|
45.04
|
51.90
|
Announcement Date
|
4/21/20
|
3/30/21
|
3/30/22
|
3/30/23
|
4/2/24
|
-
|
-
|
-
|
Fiscal Period: December |
2020 S1
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
43,953
|
49,087
|
31,548
|
57,103
|
32,296
|
25,321
|
29,543
|
37,768
|
38,756
|
30,820
|
70,987
|
33,692
|
44,425
|
-
|
45,776
|
36,600
|
39,800
|
52,500
|
52,800
|
42,400
|
EBITDA
|
-
|
-
|
20,941
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
32,081
|
-
|
21,728
|
39,679
|
24,027
|
17,608
|
20,327
|
25,918
|
28,686
|
21,206
|
49,892
|
23,280
|
30,537
|
-
|
33,157
|
24,637
|
27,427
|
36,973
|
-
|
-
|
Operating Margin
|
72.99%
|
-
|
68.87%
|
69.49%
|
74.4%
|
69.54%
|
68.8%
|
68.62%
|
74.02%
|
68.81%
|
70.28%
|
69.09%
|
68.74%
|
-
|
72.43%
|
67.31%
|
68.91%
|
70.43%
|
-
|
-
|
Earnings before Tax (EBT)
|
31,978
|
-
|
21,672
|
-
|
-
|
-
|
-
|
-
|
28,700
|
21,224
|
-
|
23,303
|
30,436
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
22,602
|
24,654
|
15,194
|
27,806
|
17,245
|
12,549
|
14,606
|
18,317
|
20,795
|
15,186
|
-
|
16,896
|
21,858
|
38,754
|
24,065
|
17,674
|
21,067
|
24,019
|
-
|
-
|
Net margin
|
51.42%
|
50.22%
|
48.16%
|
48.69%
|
53.4%
|
49.56%
|
49.44%
|
48.5%
|
53.66%
|
49.27%
|
-
|
50.15%
|
49.2%
|
-
|
52.57%
|
48.29%
|
52.93%
|
45.75%
|
-
|
-
|
EPS
2 |
-
|
-
|
12.09
|
-
|
13.73
|
9.990
|
11.62
|
14.59
|
16.55
|
12.09
|
28.64
|
13.45
|
17.40
|
-
|
19.16
|
14.07
|
16.77
|
19.12
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
21.68
|
-
|
-
|
-
|
-
|
25.91
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
62.40
|
-
|
-
|
Announcement Date
|
7/28/20
|
7/30/21
|
3/30/22
|
3/30/22
|
4/26/22
|
8/2/22
|
10/16/22
|
3/30/23
|
4/25/23
|
8/2/23
|
8/2/23
|
10/20/23
|
4/2/24
|
4/2/24
|
4/27/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
13,252
|
36,091
|
51,706
|
58,165
|
69,013
|
196,267
|
250,868
|
295,790
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
42,062
|
49,580
|
60,622
|
31,392
|
63,998
|
88,428
|
98,084
|
113,574
|
ROE (net income / shareholders' equity)
|
33.1%
|
31.4%
|
29.9%
|
30.3%
|
34.2%
|
35.4%
|
34.6%
|
34.5%
|
ROA (Net income/ Total Assets)
|
24%
|
23.6%
|
22.4%
|
24.6%
|
-
|
28%
|
26.9%
|
25.9%
|
Assets
1 |
171,444
|
198,223
|
234,282
|
254,767
|
-
|
315,145
|
378,986
|
449,929
|
Book Value Per Share
2 |
108.0
|
128.0
|
151.0
|
157.0
|
172.0
|
205.0
|
249.0
|
289.0
|
Cash Flow per Share
2 |
36.00
|
41.10
|
51.00
|
29.20
|
53.00
|
75.40
|
80.70
|
97.60
|
Capex
1 |
3,149
|
2,089
|
3,406
|
5,306
|
2,595
|
4,153
|
4,277
|
3,508
|
Capex / Sales
|
3.54%
|
2.2%
|
3.21%
|
4.16%
|
1.76%
|
2.37%
|
2.13%
|
1.53%
|
Announcement Date
|
4/21/20
|
3/30/21
|
3/30/22
|
3/30/23
|
4/2/24
|
-
|
-
|
-
|
Last Close Price
1,648
CNY Average target price
2,160
CNY Spread / Average Target +31.03% Consensus |
1st Jan change
|
Capi.
|
---|
| -4.49% | 286B | | +4.55% | 78.63B | | +4.60% | 40.65B | | -2.55% | 35.54B | | -15.08% | 19.41B | | +7.69% | 16.01B | | +3.73% | 9.86B | | +8.80% | 9.13B | | +4.95% | 7.69B | | -5.86% | 6.6B |
Distilleries
|