End-of-day quote
Shenzhen S.E.
06:00:00 2024-05-21 pm EDT
|
5-day change
|
1st Jan Change
|
11.37
CNY
|
+9.96%
|
|
+7.77%
|
-27.30%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
32,893
|
77,340
|
134,543
|
121,005
|
62,718
|
46,277
|
-
|
-
|
Enterprise Value (EV)
1 |
43,550
|
88,660
|
144,405
|
145,736
|
92,891
|
76,971
|
71,148
|
70,326
|
P/E ratio
|
36.4
x
|
67.6
x
|
31.7
x
|
17.8
x
|
18.4
x
|
24.1
x
|
7.98
x
|
11.3
x
|
Yield
|
0.25%
|
0.24%
|
0.26%
|
0.27%
|
1.66%
|
0.74%
|
1.12%
|
1.57%
|
Capitalization / Revenue
|
1.95
x
|
4.06
x
|
3.27
x
|
1.81
x
|
1.06
x
|
0.95
x
|
0.63
x
|
0.69
x
|
EV / Revenue
|
2.58
x
|
4.65
x
|
3.51
x
|
2.17
x
|
1.57
x
|
1.57
x
|
0.97
x
|
1.05
x
|
EV / EBITDA
|
12.7
x
|
23.4
x
|
18.4
x
|
12.4
x
|
8.43
x
|
7.27
x
|
5.39
x
|
4.94
x
|
EV / FCF
|
-20.6
x
|
-118
x
|
-79.3
x
|
-23.7
x
|
-
|
-22.5
x
|
14.6
x
|
26.2
x
|
FCF Yield
|
-4.86%
|
-0.84%
|
-1.26%
|
-4.22%
|
-
|
-4.45%
|
6.85%
|
3.81%
|
Price to Book
|
2.33
x
|
4.03
x
|
4.26
x
|
3.24
x
|
1.52
x
|
1.08
x
|
0.9
x
|
0.95
x
|
Nbr of stocks (in thousands)
|
3,481,446
|
3,791,158
|
4,028,245
|
4,016,351
|
4,010,093
|
4,038,104
|
-
|
-
|
Reference price
2 |
9.448
|
20.40
|
33.40
|
30.13
|
15.64
|
11.37
|
11.37
|
11.37
|
Announcement Date
|
2/28/20
|
3/10/21
|
3/10/22
|
3/28/23
|
4/25/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
16,887
|
19,057
|
41,105
|
67,010
|
59,146
|
48,877
|
73,167
|
67,296
|
EBITDA
1 |
3,416
|
3,783
|
7,848
|
11,712
|
11,023
|
10,590
|
13,193
|
14,250
|
EBIT
1 |
1,441
|
1,631
|
5,006
|
7,325
|
4,565
|
3,075
|
7,483
|
5,300
|
Operating Margin
|
8.53%
|
8.56%
|
12.18%
|
10.93%
|
7.72%
|
6.29%
|
10.23%
|
7.87%
|
Earnings before Tax (EBT)
1 |
1,457
|
1,692
|
5,000
|
7,449
|
4,544
|
2,954
|
7,001
|
5,279
|
Net income
1 |
903.7
|
1,089
|
4,030
|
6,819
|
3,416
|
2,360
|
5,761
|
4,206
|
Net margin
|
5.35%
|
5.71%
|
9.8%
|
10.18%
|
5.78%
|
4.83%
|
7.87%
|
6.25%
|
EPS
2 |
0.2596
|
0.3016
|
1.053
|
1.697
|
0.8518
|
0.4709
|
1.424
|
1.002
|
Free Cash Flow
1 |
-2,115
|
-748.3
|
-1,821
|
-6,151
|
-
|
-3,423
|
4,872
|
2,680
|
FCF margin
|
-12.52%
|
-3.93%
|
-4.43%
|
-9.18%
|
-
|
-7%
|
6.66%
|
3.98%
|
FCF Conversion (EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
36.93%
|
18.81%
|
FCF Conversion (Net income)
|
-
|
-
|
-
|
-
|
-
|
-
|
84.56%
|
63.72%
|
Dividend per Share
2 |
0.0240
|
0.0480
|
0.0880
|
0.0800
|
0.2600
|
0.0838
|
0.1272
|
0.1784
|
Announcement Date
|
2/28/20
|
3/10/21
|
3/10/22
|
3/28/23
|
4/25/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
12,016
|
-
|
18,330
|
18,147
|
17,165
|
-
|
17,279
|
13,756
|
10,492
|
9,933
|
7,424
|
24,747
|
7,390
|
-
|
-
|
EBITDA
1 |
1,772
|
-
|
2,538
|
3,080
|
-
|
-
|
-
|
-
|
-
|
-
|
2,423
|
4,448
|
3,206
|
-
|
-
|
EBIT
1 |
1,422
|
-
|
1,921
|
2,501
|
1,329
|
-
|
-
|
-
|
-2,889
|
-
|
573.7
|
2,598
|
1,357
|
-
|
-
|
Operating Margin
|
11.83%
|
-
|
10.48%
|
13.78%
|
7.74%
|
-
|
-
|
-
|
-27.53%
|
-
|
7.73%
|
10.5%
|
18.36%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
1,407
|
-
|
1,903
|
2,500
|
1,470
|
-
|
-
|
-
|
-
|
-
|
479.4
|
2,284
|
1,404
|
-
|
-
|
Net income
1 |
-
|
-
|
1,607
|
2,083
|
1,818
|
2,253
|
2,283
|
1,652
|
-2,772
|
-
|
365.4
|
1,904
|
1,046
|
-
|
-
|
Net margin
|
-
|
-
|
8.76%
|
11.48%
|
10.59%
|
-
|
13.21%
|
12.01%
|
-26.42%
|
-
|
4.92%
|
7.69%
|
14.16%
|
-
|
-
|
EPS
2 |
0.3280
|
-
|
-
|
-
|
0.4560
|
0.5605
|
0.5681
|
0.4100
|
-0.6900
|
-
|
0.0904
|
0.4710
|
0.2588
|
-
|
-
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.0301
|
-
|
-
|
-
|
0.0391
|
Announcement Date
|
3/10/22
|
5/24/22
|
8/24/22
|
10/19/22
|
3/28/23
|
4/27/23
|
8/28/23
|
10/25/23
|
4/25/24
|
4/25/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
10,658
|
11,320
|
9,862
|
24,731
|
30,173
|
30,695
|
24,871
|
24,049
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.12
x
|
2.992
x
|
1.257
x
|
2.112
x
|
2.737
x
|
2.898
x
|
1.885
x
|
1.688
x
|
Free Cash Flow
1 |
-2,115
|
-748
|
-1,821
|
-6,151
|
-
|
-3,423
|
4,872
|
2,681
|
ROE (net income / shareholders' equity)
|
6.58%
|
7.55%
|
18%
|
19.7%
|
8.83%
|
5.26%
|
11.4%
|
8.56%
|
ROA (Net income/ Total Assets)
|
1.97%
|
2.02%
|
5.84%
|
7.29%
|
-
|
1.08%
|
2.77%
|
3.16%
|
Assets
1 |
45,918
|
53,911
|
69,026
|
93,556
|
-
|
218,496
|
207,669
|
133,046
|
Book Value Per Share
2 |
4.050
|
5.070
|
7.840
|
9.310
|
10.30
|
10.50
|
12.60
|
12.00
|
Cash Flow per Share
2 |
0.7200
|
0.7500
|
1.060
|
1.250
|
1.280
|
2.990
|
3.750
|
3.140
|
Capex
1 |
4,622
|
3,607
|
5,982
|
11,208
|
12,035
|
10,058
|
9,652
|
7,910
|
Capex / Sales
|
27.37%
|
18.93%
|
14.55%
|
16.73%
|
20.35%
|
20.58%
|
13.19%
|
11.75%
|
Announcement Date
|
2/28/20
|
3/10/21
|
3/10/22
|
3/28/23
|
4/25/24
|
-
|
-
|
-
|
Last Close Price
11.37
CNY Average target price
18.38
CNY Spread / Average Target +61.68% Consensus |
1st Jan change
|
Capi.
|
---|
| -27.30% | 6.34B | | +40.92% | 26.95B | | -14.59% | 20.47B | | -10.63% | 16.49B | | -6.51% | 14.55B | | -7.90% | 11.28B | | +21.70% | 7.68B | | -14.10% | 7.5B | | +11.82% | 7.3B | | -27.17% | 6.86B |
Photovoltaic Solar Systems & Equipment
|