Market Closed -
Hong Kong S.E.
04:08:05 2024-05-31 am EDT
|
5-day change
|
1st Jan Change
|
16.54
HKD
|
-2.59%
|
|
-5.38%
|
+30.03%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
110,016
|
224,769
|
243,167
|
259,171
|
322,710
|
445,629
|
-
|
-
|
Enterprise Value (EV)
1 |
149,793
|
286,701
|
307,019
|
362,929
|
446,097
|
546,588
|
528,731
|
512,346
|
P/E ratio
|
19.3
x
|
29.6
x
|
12.6
x
|
12.3
x
|
14.5
x
|
14.2
x
|
11.3
x
|
10.1
x
|
Yield
|
2.88%
|
1.62%
|
2.64%
|
2.14%
|
2.16%
|
2.1%
|
2.69%
|
3.08%
|
Capitalization / Revenue
|
0.81
x
|
1.31
x
|
1.08
x
|
0.96
x
|
1.1
x
|
1.34
x
|
1.21
x
|
1.2
x
|
EV / Revenue
|
1.1
x
|
1.67
x
|
1.36
x
|
1.34
x
|
1.52
x
|
1.64
x
|
1.44
x
|
1.38
x
|
EV / EBITDA
|
11.5
x
|
15.4
x
|
9.25
x
|
8.85
x
|
10.6
x
|
10.3
x
|
8.33
x
|
7.34
x
|
EV / FCF
|
-147
x
|
594
x
|
51.7
x
|
90.3
x
|
68.3
x
|
38.5
x
|
23
x
|
15.6
x
|
FCF Yield
|
-0.68%
|
0.17%
|
1.94%
|
1.11%
|
1.46%
|
2.6%
|
4.35%
|
6.39%
|
Price to Book
|
1.58
x
|
3.32
x
|
2.8
x
|
2.77
x
|
2.83
x
|
3.1
x
|
2.6
x
|
2.22
x
|
Nbr of stocks (in thousands)
|
25,377,260
|
25,377,260
|
26,330,112
|
26,325,562
|
26,286,311
|
26,285,729
|
-
|
-
|
Reference price
2 |
3.467
|
7.390
|
7.561
|
9.344
|
11.56
|
15.32
|
15.32
|
15.32
|
Announcement Date
|
3/20/20
|
3/19/21
|
3/18/22
|
3/24/23
|
3/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
136,098
|
171,501
|
225,102
|
270,329
|
293,403
|
332,652
|
368,031
|
372,149
|
EBITDA
1 |
12,982
|
18,609
|
33,207
|
40,989
|
42,036
|
53,020
|
63,464
|
69,822
|
EBIT
1 |
7,242
|
11,240
|
25,087
|
30,946
|
31,937
|
41,573
|
50,849
|
57,008
|
Operating Margin
|
5.32%
|
6.55%
|
11.14%
|
11.45%
|
10.88%
|
12.5%
|
13.82%
|
15.32%
|
Earnings before Tax (EBT)
1 |
6,974
|
10,846
|
24,794
|
29,993
|
31,287
|
41,425
|
51,724
|
58,173
|
Net income
1 |
4,284
|
6,509
|
15,673
|
20,042
|
21,119
|
27,666
|
34,422
|
38,745
|
Net margin
|
3.15%
|
3.8%
|
6.96%
|
7.41%
|
7.2%
|
8.32%
|
9.35%
|
10.41%
|
EPS
2 |
0.1800
|
0.2500
|
0.6000
|
0.7600
|
0.8000
|
1.076
|
1.356
|
1.510
|
Free Cash Flow
1 |
-1,021
|
482.5
|
5,941
|
4,021
|
6,531
|
14,185
|
22,974
|
32,743
|
FCF margin
|
-0.75%
|
0.28%
|
2.64%
|
1.49%
|
2.23%
|
4.26%
|
6.24%
|
8.8%
|
FCF Conversion (EBITDA)
|
-
|
2.59%
|
17.89%
|
9.81%
|
15.54%
|
26.75%
|
36.2%
|
46.9%
|
FCF Conversion (Net income)
|
-
|
7.41%
|
37.91%
|
20.06%
|
30.93%
|
51.27%
|
66.74%
|
84.51%
|
Dividend per Share
2 |
0.1000
|
0.1200
|
0.2000
|
0.2000
|
0.2500
|
0.3214
|
0.4119
|
0.4714
|
Announcement Date
|
3/20/20
|
3/19/21
|
3/18/22
|
3/24/23
|
3/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
2020 S1
|
2020 S2
|
2021 S1
|
2021 Q4
|
2021 S2
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 S1
|
2025 S2
|
---|
Net sales
1 |
68,900
|
83,142
|
88,359
|
109,863
|
56,127
|
115,239
|
64,771
|
67,687
|
132,458
|
71,734
|
66,138
|
137,871
|
74,945
|
75,389
|
150,334
|
74,674
|
89,694
|
143,070
|
74,777
|
80,844
|
152,905
|
84,146
|
87,581
|
161,137
|
173,371
|
174,356
|
EBITDA
1 |
-
|
7,555
|
-
|
-
|
-
|
-
|
10,443
|
10,530
|
-
|
8,094
|
11,923
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
15,903
|
-
|
14,297
|
14,759
|
-
|
-
|
-
|
EBIT
1 |
-
|
4,360
|
-
|
11,633
|
-
|
13,453
|
8,982
|
9,734
|
18,717
|
6,436
|
5,793
|
12,229
|
8,203
|
7,539
|
15,743
|
8,579
|
7,615
|
16,194
|
9,081
|
10,450
|
17,594
|
11,324
|
11,786
|
22,131
|
29,576
|
30,143
|
Operating Margin
|
-
|
5.24%
|
-
|
10.59%
|
-
|
11.67%
|
13.87%
|
14.38%
|
14.13%
|
8.97%
|
8.76%
|
8.87%
|
10.95%
|
10%
|
10.47%
|
11.49%
|
8.49%
|
11.32%
|
12.14%
|
12.93%
|
11.51%
|
13.46%
|
13.46%
|
13.73%
|
17.06%
|
17.29%
|
Earnings before Tax (EBT)
1 |
-
|
4,095
|
-
|
-
|
-
|
-
|
8,911
|
9,659
|
-
|
6,307
|
5,116
|
-
|
8,110
|
7,435
|
-
|
8,395
|
7,348
|
-
|
8,828
|
10,103
|
-
|
10,962
|
11,410
|
-
|
-
|
-
|
Net income
1 |
-
|
2,421
|
-
|
-
|
-
|
-
|
6,124
|
6,506
|
12,630
|
4,037
|
3,375
|
-
|
5,442
|
4,860
|
10,302
|
5,863
|
4,954
|
-
|
6,261
|
6,970
|
-
|
7,255
|
7,551
|
-
|
-
|
-
|
Net margin
|
-
|
2.91%
|
-
|
-
|
-
|
-
|
9.45%
|
9.61%
|
9.54%
|
5.63%
|
5.1%
|
-
|
7.26%
|
6.45%
|
6.85%
|
7.85%
|
5.52%
|
-
|
8.37%
|
8.62%
|
-
|
8.62%
|
8.62%
|
-
|
-
|
-
|
EPS
2 |
0.1000
|
0.1000
|
0.1550
|
0.2620
|
0.1600
|
0.3380
|
0.2330
|
0.2470
|
0.4800
|
0.1500
|
0.1300
|
-
|
0.2070
|
0.1800
|
0.3910
|
-
|
0.1850
|
0.4090
|
0.2380
|
0.2700
|
0.4800
|
0.3100
|
0.2400
|
0.6200
|
0.8600
|
0.8900
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/20/20
|
8/21/20
|
3/19/21
|
7/30/21
|
3/18/22
|
3/18/22
|
4/11/22
|
8/12/22
|
8/12/22
|
10/21/22
|
3/24/23
|
3/24/23
|
4/27/23
|
8/25/23
|
8/25/23
|
10/28/23
|
3/22/24
|
3/22/24
|
4/22/24
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
39,777
|
61,932
|
63,852
|
103,758
|
123,387
|
100,958
|
83,102
|
66,717
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.064
x
|
3.328
x
|
1.923
x
|
2.531
x
|
2.935
x
|
1.904
x
|
1.309
x
|
0.9555
x
|
Free Cash Flow
1 |
-1,021
|
482
|
5,941
|
4,021
|
6,531
|
14,185
|
22,974
|
32,743
|
ROE (net income / shareholders' equity)
|
11.4%
|
12.2%
|
24.6%
|
25.3%
|
21.4%
|
21.9%
|
22%
|
21.2%
|
ROA (Net income/ Total Assets)
|
3.62%
|
4.25%
|
8.02%
|
7.79%
|
6.51%
|
7.73%
|
8.67%
|
9.35%
|
Assets
1 |
118,341
|
153,070
|
195,454
|
257,319
|
324,525
|
357,947
|
396,976
|
414,499
|
Book Value Per Share
2 |
2.200
|
2.230
|
2.700
|
3.380
|
4.080
|
4.940
|
5.890
|
6.910
|
Cash Flow per Share
2 |
0.4600
|
0.5600
|
1.010
|
1.090
|
1.400
|
1.730
|
1.940
|
1.960
|
Capex
1 |
11,687
|
13,786
|
20,131
|
24,657
|
30,329
|
28,599
|
28,870
|
31,449
|
Capex / Sales
|
8.59%
|
8.04%
|
8.94%
|
9.12%
|
10.34%
|
8.6%
|
7.84%
|
8.45%
|
Announcement Date
|
3/20/20
|
3/19/21
|
3/18/22
|
3/24/23
|
3/22/24
|
-
|
-
|
-
|
Last Close Price
15.32
CNY Average target price
18.34
CNY Spread / Average Target +19.72% Consensus |
1st Jan change
|
Capi.
|
---|
| +30.03% | 61.53B | | +25.97% | 16.22B | | +73.97% | 3.22B |
Gold Refining
|