Financials Qi An Xin Technology Group Inc.

Equities

688561

CNE1000041K3

Software

End-of-day quote Shanghai S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
22.52 CNY -1.23% Intraday chart for Qi An Xin Technology Group Inc. -1.70% -43.83%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 85,700 59,969 44,701 27,352 15,364 - -
Enterprise Value (EV) 1 80,439 57,132 43,644 27,276 13,622 12,977 12,645
P/E ratio -234 x -107 x 822 x 401 x 50.7 x 31.8 x 22.6 x
Yield - - - - - - 0.84%
Capitalization / Revenue 20.6 x 10.3 x 7.18 x 4.24 x 2.21 x 1.97 x 1.73 x
EV / Revenue 19.3 x 9.83 x 7.01 x 4.23 x 1.96 x 1.66 x 1.42 x
EV / EBITDA -622 x -190 x 162 x 92.5 x 17.9 x 13 x 10.2 x
EV / FCF -81.9 x -36.8 x -30.2 x -30.7 x 14.9 x 19.6 x 41.5 x
FCF Yield -1.22% -2.71% -3.31% -3.26% 6.69% 5.09% 2.41%
Price to Book 8.56 x 6.06 x 4.51 x 2.7 x 1.48 x 1.45 x 1.38 x
Nbr of stocks (in thousands) 679,616 682,082 679,660 682,253 682,253 - -
Reference price 2 126.1 87.92 65.77 40.09 22.52 22.52 22.52
Announcement Date 2/24/21 2/25/22 2/27/23 2/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,154 4,161 5,809 6,223 6,446 6,966 7,803 8,896
EBITDA 1 - -129.3 -301.2 269.8 294.9 762.7 995.9 1,236
EBIT 1 - -326.3 -556.1 -20.4 25.02 324.6 537.9 680.3
Operating Margin - -7.84% -9.57% -0.33% 0.39% 4.66% 6.89% 7.65%
Earnings before Tax (EBT) 1 - -343 -554.6 -22.68 17.12 352 561.1 809
Net income 1 - -334.4 -554.7 57.01 71.31 314.8 498.7 703.9
Net margin - -8.04% -9.55% 0.92% 1.11% 4.52% 6.39% 7.91%
EPS 2 -0.9000 -0.5400 -0.8200 0.0800 0.1000 0.4443 0.7093 0.9971
Free Cash Flow 1 - -982.6 -1,551 -1,446 -889.1 911.7 660.5 305
FCF margin - -23.61% -26.7% -23.25% -13.79% 13.09% 8.46% 3.43%
FCF Conversion (EBITDA) - - - - - 119.54% 66.32% 24.68%
FCF Conversion (Net income) - - - - - 289.64% 132.45% 43.33%
Dividend per Share 2 - - - - - - - 0.1900
Announcement Date 6/28/20 2/24/21 2/25/22 2/27/23 2/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 1 659.3 1,309 1,224 3,031 925.1 1,557 1,204 2,760 - 1,469 1,302 3,202 751 1,567
EBITDA - - - - - - - - - - - - - -
EBIT - - - 1,108 - - - - - - - - - -
Operating Margin - - - 36.56% - - - - - - - - - -
Earnings before Tax (EBT) - - - 1,105 - - - - - - - - - -
Net income -480.8 -428.9 -215.4 1,182 - - - - -480.3 - - - - -
Net margin -72.93% -32.77% -17.6% 39% - - - - - - - - - -
EPS - - - - - - - - -0.7000 - - - - -
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 4/25/22 8/17/22 10/28/22 2/27/23 4/26/23 8/30/23 10/25/23 2/27/24 4/26/24 - - - - -
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 5,260 2,836 1,057 75.5 1,743 2,387 2,719
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - -983 -1,551 -1,446 -889 912 661 305
ROE (net income / shareholders' equity) - -4.71% -5.63% 0.57% 0.7% 2.79% 4.4% 5.98%
ROA (Net income/ Total Assets) - -3.42% -4.21% 0.4% 0.48% 2.25% 3.39% 3.95%
Assets 1 - 9,788 13,181 14,129 14,921 14,020 14,696 17,820
Book Value Per Share 2 - 14.70 14.50 14.60 14.90 15.20 15.50 16.30
Cash Flow per Share 2 - -1.010 -1.910 -1.850 -1.140 0.5700 0.6600 0.7000
Capex 1 - 294 249 185 111 211 150 222
Capex / Sales - 7.07% 4.29% 2.98% 1.73% 3.03% 1.92% 2.5%
Announcement Date 6/28/20 2/24/21 2/25/22 2/27/23 2/27/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
22.52 CNY
Average target price
34.82 CNY
Spread / Average Target
+54.61%
Consensus

Quarterly revenue - Rate of surprise

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