Stock 603444 G-BITS NETWORK TECHNOLOGY (XIAMEN) CO., LTD.
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Financials G-bits Network Technology (Xiamen) Co., Ltd.

Equities

603444

CNE100002GK7

Internet Services

End-of-day quote Shanghai S.E.
Other stock markets
 06:00:00 2024-07-07 pm EDT 		5-day change 1st Jan Change
166.9 CNY -3.02% Intraday chart for G-bits Network Technology (Xiamen) Co., Ltd. -6.58% -31.90%
Jul. 02 Tranche Update on G-bits Network Technology Co., Ltd.'s Equity Buyback Plan announced on December 28, 2023. CI
Apr. 25 Jefferies Adjusts G-bits Network Technology’s Price Target to 226 Yuan From 290 Yuan, Keeps at Buy MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 21,456 30,614 30,316 22,483 17,659 12,026 - -
Enterprise Value (EV) 1 20,716 28,506 27,415 19,858 15,272 8,668 8,020 7,990
P/E ratio 26.5 x 29.2 x 20.6 x 15.4 x 15.7 x 11.3 x 9.8 x 8.66 x
Yield 1.68% 2.82% 3.79% 0.96% 2.86% 4.63% 6.14% 6.46%
Capitalization / Revenue 9.89 x 11.2 x 6.56 x 4.35 x 4.22 x 2.96 x 2.64 x 2.39 x
EV / Revenue 9.54 x 10.4 x 5.94 x 3.84 x 3.65 x 2.13 x 1.76 x 1.59 x
EV / EBITDA 16.3 x 16.9 x 12.5 x 8.82 x 8.42 x 5.82 x 4.54 x 4.03 x
EV / FCF - - 11.4 x 11.6 x 13.5 x 6.16 x 4.4 x 3.87 x
FCF Yield - - 8.75% 8.61% 7.4% 16.2% 22.7% 25.8%
Price to Book 6.99 x 8.05 x 6.62 x 5.65 x 3.96 x 2.34 x 2.08 x 1.92 x
Nbr of stocks (in thousands) 71,882 71,865 71,865 71,866 72,041 72,041 - -
Reference price 2 298.5 426.0 421.8 312.8 245.1 166.9 166.9 166.9
Announcement Date 4/8/20 3/30/21 4/7/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,170 2,742 4,619 5,168 4,185 4,068 4,559 5,038
EBITDA 1 1,275 1,687 2,198 2,250 1,814 1,490 1,767 1,981
EBIT 1 1,230 1,562 2,132 2,321 1,706 1,648 1,903 2,134
Operating Margin 56.68% 56.98% 46.15% 44.91% 40.77% 40.5% 41.75% 42.35%
Earnings before Tax (EBT) 1 1,230 1,558 2,125 2,315 1,700 1,619 1,875 2,098
Net income 1 809.2 1,046 1,468 1,461 1,125 1,050 1,204 1,388
Net margin 37.28% 38.16% 31.79% 28.27% 26.89% 25.8% 26.41% 27.56%
EPS 2 11.28 14.58 20.43 20.33 15.63 14.79 17.04 19.27
Free Cash Flow 1 - - 2,399 1,709 1,130 1,406 1,821 2,062
FCF margin - - 51.94% 33.07% 27% 34.56% 39.95% 40.93%
FCF Conversion (EBITDA) - - 109.13% 75.94% 62.27% 94.37% 103.06% 104.07%
FCF Conversion (Net income) - - 163.37% 116.97% 100.42% 133.95% 151.26% 148.51%
Dividend per Share 2 5.000 12.00 16.00 3.000 7.000 7.732 10.25 10.79
Announcement Date 4/8/20 3/30/21 4/7/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,134 1,229 1,281 2,511 1,319 1,338 1,144 1,205 957.8 878.1 927.3 968.1 928.6 954.2 988.6
EBITDA - - - - - - - - - - - - - - -
EBIT 1 399.2 - 583.8 - 538.8 643.8 457.3 625.2 321.1 302.6 350.1 317.6 324.2 357.7 295.6
Operating Margin 35.21% - 45.56% - 40.84% 48.13% 39.96% 51.9% 33.52% 34.46% 37.76% 32.81% 34.91% 37.49% 29.9%
Earnings before Tax (EBT) 1 397.6 - 583.5 - 536.8 641.6 - 624.7 317.6 301 - 317.8 324.4 357.8 295.8
Net income 1 263 349.7 338.7 688.3 323.4 449.1 306.6 405.4 183.3 265.8 253.4 196.7 202.3 231 177.9
Net margin 23.2% 28.44% 26.43% 27.42% 24.51% 33.58% 26.79% 33.66% 19.14% 30.27% 27.32% 20.32% 21.79% 24.21% 17.99%
EPS 2 3.660 4.870 4.710 - 4.500 6.250 4.270 5.120 2.540 3.700 3.520 3.020 3.079 3.433 2.469
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 4/7/22 4/22/22 8/15/22 8/15/22 10/26/22 3/30/23 4/26/23 8/15/23 10/24/23 3/28/24 4/23/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 741 2,108 2,901 2,624 2,386 3,358 4,006 4,036
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - 2,399 1,709 1,130 1,406 1,821 2,062
ROE (net income / shareholders' equity) 28.1% 31% 36% 32.5% 26% 21% 21.8% 22.8%
ROA (Net income/ Total Assets) 19.3% 21.5% 23.5% 21.5% 17.1% 14.7% 15.2% 14.9%
Assets 1 4,189 4,878 6,245 6,797 6,564 7,120 7,926 9,294
Book Value Per Share 2 42.70 52.90 63.70 55.40 62.00 71.40 80.10 87.10
Cash Flow per Share 2 18.00 21.30 33.70 24.40 16.50 19.20 23.00 25.30
Capex 1 58.5 69.4 19.3 43.5 55.7 45.4 53 52.9
Capex / Sales 2.7% 2.53% 0.42% 0.84% 1.33% 1.12% 1.16% 1.05%
Announcement Date 4/8/20 3/30/21 4/7/22 3/30/23 3/28/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for G-bits Network Technology (Xiamen) Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
166.9 CNY
Average target price
241.7 CNY
Spread / Average Target
+44.79%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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