End-of-day quote
Shanghai S.E.
06:00:00 2024-07-15 pm EDT
|
5-day change
|
1st Jan Change
|
62.66
CNY
|
-0.33%
|
|
+3.93%
|
-5.70%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
25,147
|
57,588
|
73,235
|
61,648
|
32,160
|
30,326
|
-
|
-
|
Enterprise Value (EV)
1 |
23,897
|
56,525
|
70,902
|
58,274
|
29,490
|
26,904
|
26,197
|
24,840
|
P/E ratio
|
38.2
x
|
53.4
x
|
62.8
x
|
48.8
x
|
24.1
x
|
20.8
x
|
19.1
x
|
17.6
x
|
Yield
|
2.69%
|
-
|
1.32%
|
2.04%
|
4.21%
|
4.67%
|
4.98%
|
5.31%
|
Capitalization / Revenue
|
7.02
x
|
5.26
x
|
5.58
x
|
4.39
x
|
2.17
x
|
1.93
x
|
1.83
x
|
1.74
x
|
EV / Revenue
|
6.67
x
|
5.17
x
|
5.4
x
|
4.15
x
|
1.99
x
|
1.71
x
|
1.58
x
|
1.43
x
|
EV / EBITDA
|
28.7
x
|
23.8
x
|
21
x
|
15.5
x
|
7.7
x
|
6.42
x
|
5.86
x
|
5.17
x
|
EV / FCF
|
41.5
x
|
17.8
x
|
24.9
x
|
20.4
x
|
13.5
x
|
9.57
x
|
8.55
x
|
7.41
x
|
FCF Yield
|
2.41%
|
5.61%
|
4.02%
|
4.89%
|
7.4%
|
10.4%
|
11.7%
|
13.5%
|
Price to Book
|
17.7
x
|
98.4
x
|
41.7
x
|
30
x
|
15
x
|
13.6
x
|
12.1
x
|
10.9
x
|
Nbr of stocks (in thousands)
|
483,971
|
483,971
|
483,971
|
483,971
|
483,971
|
483,971
|
-
|
-
|
Reference price
2 |
51.96
|
119.0
|
151.3
|
127.4
|
66.45
|
62.66
|
62.66
|
62.66
|
Announcement Date
|
4/17/20
|
4/27/21
|
2/6/22
|
2/7/23
|
2/7/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,582
|
10,942
|
13,119
|
14,039
|
14,815
|
15,689
|
16,536
|
17,396
|
EBITDA
1 |
831.7
|
2,378
|
3,375
|
3,772
|
3,830
|
4,188
|
4,474
|
4,800
|
EBIT
1 |
657.6
|
1,964
|
2,948
|
3,299
|
3,353
|
3,641
|
3,960
|
4,270
|
Operating Margin
|
18.36%
|
17.95%
|
22.47%
|
23.5%
|
22.63%
|
23.21%
|
23.95%
|
24.55%
|
Earnings before Tax (EBT)
1 |
827.3
|
2,131
|
2,941
|
3,299
|
3,376
|
3,677
|
4,003
|
4,325
|
Net income
1 |
656.9
|
1,077
|
1,166
|
1,264
|
1,337
|
1,462
|
1,593
|
1,724
|
Net margin
|
18.34%
|
9.84%
|
8.89%
|
9%
|
9.02%
|
9.32%
|
9.63%
|
9.91%
|
EPS
2 |
1.360
|
2.230
|
2.410
|
2.610
|
2.760
|
3.017
|
3.286
|
3.554
|
Free Cash Flow
1 |
576.3
|
3,170
|
2,849
|
2,852
|
2,181
|
2,810
|
3,065
|
3,354
|
FCF margin
|
16.09%
|
28.98%
|
21.71%
|
20.31%
|
14.72%
|
17.91%
|
18.53%
|
19.28%
|
FCF Conversion (EBITDA)
|
69.29%
|
133.33%
|
84.39%
|
75.61%
|
56.94%
|
67.1%
|
68.51%
|
69.88%
|
FCF Conversion (Net income)
|
87.73%
|
294.41%
|
244.25%
|
225.69%
|
163.17%
|
192.26%
|
192.36%
|
194.59%
|
Dividend per Share
2 |
1.400
|
-
|
2.000
|
2.600
|
2.800
|
2.927
|
3.123
|
3.327
|
Announcement Date
|
4/17/20
|
4/27/21
|
2/6/22
|
2/7/23
|
2/7/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
1,933
|
3,833
|
4,103
|
4,247
|
1,856
|
4,006
|
4,499
|
8,505
|
4,524
|
1,786
|
4,293
|
4,648
|
-
|
4,816
|
1,930
|
-
|
-
|
-
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
256.7
|
927.9
|
1,011
|
1,149
|
211.4
|
949.5
|
1,201
|
2,150
|
1,217
|
-14.11
|
1,106
|
1,175
|
-
|
1,228
|
82.5
|
-
|
-
|
-
|
Operating Margin
|
13.28%
|
24.21%
|
24.63%
|
27.06%
|
11.39%
|
23.7%
|
26.69%
|
25.28%
|
26.89%
|
-0.79%
|
25.76%
|
25.28%
|
-
|
25.49%
|
4.28%
|
-
|
-
|
-
|
Earnings before Tax (EBT)
1 |
-
|
928
|
1,010
|
1,149
|
211.7
|
-
|
1,203
|
-
|
1,216
|
6.984
|
1,106
|
1,166
|
1,239
|
1,309
|
112.5
|
1,447
|
-
|
-
|
Net income
1 |
122.5
|
340.6
|
387
|
454.7
|
81.3
|
-
|
478
|
865
|
479.1
|
-7.492
|
451.9
|
474
|
1,033
|
512
|
6
|
1,222
|
-
|
-
|
Net margin
|
6.34%
|
8.89%
|
9.43%
|
10.71%
|
4.38%
|
-
|
10.62%
|
10.17%
|
10.59%
|
-0.42%
|
10.53%
|
10.2%
|
-
|
10.63%
|
0.31%
|
-
|
-
|
-
|
EPS
2 |
0.2500
|
0.7000
|
0.8000
|
0.9400
|
0.1700
|
-
|
0.9900
|
-
|
0.9900
|
-0.0200
|
0.9300
|
1.000
|
-
|
1.010
|
-
|
-
|
-
|
-
|
Dividend per Share
2 |
2.000
|
-
|
-
|
-
|
2.600
|
-
|
-
|
-
|
-
|
2.800
|
-
|
-
|
-
|
-
|
2.913
|
-
|
-
|
-
|
Announcement Date
|
2/6/22
|
4/28/22
|
8/17/22
|
10/27/22
|
2/7/23
|
4/27/23
|
8/16/23
|
8/16/23
|
10/30/23
|
2/7/24
|
4/29/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
1,251
|
1,063
|
2,333
|
3,374
|
2,670
|
3,421
|
4,129
|
5,486
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
576
|
3,170
|
2,849
|
2,852
|
2,181
|
2,811
|
3,065
|
3,354
|
ROE (net income / shareholders' equity)
|
52.5%
|
45.6%
|
99.7%
|
69.3%
|
67.1%
|
59.6%
|
57.3%
|
55.2%
|
ROA (Net income/ Total Assets)
|
19.3%
|
10.6%
|
11%
|
10.5%
|
10.7%
|
10.5%
|
10.4%
|
9.6%
|
Assets
1 |
3,406
|
10,192
|
10,564
|
12,015
|
12,442
|
13,889
|
15,365
|
17,962
|
Book Value Per Share
2 |
2.930
|
1.210
|
3.630
|
4.250
|
4.420
|
4.620
|
5.170
|
5.770
|
Cash Flow per Share
2 |
1.460
|
7.620
|
7.370
|
7.750
|
6.400
|
7.450
|
7.730
|
8.330
|
Capex
1 |
107
|
519
|
716
|
901
|
916
|
743
|
663
|
620
|
Capex / Sales
|
3%
|
4.75%
|
5.46%
|
6.42%
|
6.18%
|
4.73%
|
4.01%
|
3.56%
|
Announcement Date
|
4/17/20
|
4/27/21
|
2/6/22
|
2/7/23
|
2/7/24
|
-
|
-
|
-
|
Last Close Price
62.66
CNY Average target price
72.66
CNY Spread / Average Target +15.97% Consensus |
1st Jan change
|
Capi.
|
---|
| -5.70% | 4.19B | | -3.63% | 54.59B | | +2.62% | 45.46B | | -14.79% | 33.58B | | -5.09% | 22.48B | | +6.92% | 18.49B | | +1.37% | 17.55B | | -33.58% | 16.49B | | -19.30% | 11.39B | | -3.44% | 11.07B |
Other Brewers
|