Financials CCCC Design & Consulting Group Co., Ltd.

Equities

End-of-day quote Shanghai S.E. Other stock markets 03:30:00 30/04/2024 am IST			5-day change	1st Jan Change
10.82 ^CNY	-5.67%		-10.65%	+7.34%

29/04	CCCC Design & Consulting Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
11/03	CCCC Design & Consulting Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	9,742	10,542	8,073	7,709	20,782	22,308	-	-
Enterprise Value (EV) ¹	9,742	10,542	8,073	7,709	20,782	22,308	22,308	22,308
P/E ratio	7.89 x	7.34 x	8.52 x	10.2 x	7.71 x	11.2 x	10.5 x	10.5 x
Yield	4.62%	5.01%	4.33%	-	-	-	-	-
Capitalization / Revenue	1.41 x	1.35 x	1.05 x	0.97 x	1.54 x	1.76 x	1.72 x	1.63 x
EV / Revenue	1.41 x	1.35 x	1.05 x	0.97 x	1.54 x	1.76 x	1.72 x	1.63 x
EV / EBITDA	4.82 x	4.2 x	4.23 x	4.61 x	9.14 x	9.76 x	9.15 x	8.8 x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.43 x	1.35 x	0.98 x	0.89 x	1.67 x	1.61 x	1.46 x	1.33 x
Nbr of stocks (in thousands)	7,76,290	7,76,290	7,76,290	7,76,290	20,61,708	20,61,708	-	-
Reference price ²	12.55	13.58	10.40	9.930	10.08	10.82	10.82	10.82
Announcement Date	19/03/20	19/03/21	17/03/22	21/03/23	12/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,931	7,812	7,673	7,974	13,511	12,682	12,942	13,675
EBITDA ¹	2,021	2,508	1,909	1,673	2,274	2,285	2,437	2,536
EBIT ¹	1,472	1,922	1,278	1,025	2,108	2,244	2,411	2,558
Operating Margin	21.24%	24.6%	16.66%	12.86%	15.6%	17.7%	18.63%	18.71%
Earnings before Tax (EBT) ¹	1,531	1,827	1,214	1,009	2,101	2,237	2,404	2,550
Net income ¹	1,234	1,437	947.5	758.4	1,766	1,872	2,002	2,128
Net margin	17.81%	18.4%	12.35%	9.51%	13.07%	14.76%	15.47%	15.56%
EPS ²	1.590	1.851	1.221	0.9770	1.308	0.9633	1.027	1.030
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.5800	0.6800	0.4500	-	-	-	-	-
Announcement Date	19/03/20	19/03/21	17/03/22	21/03/23	12/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	19.7%	19.8%	11.8%	8.97%	16.8%	12%	11.6%	13%
ROA (Net income/ Total Assets)	12.1%	13.2%	8.39%	-	-	-	-	-
Assets ¹	10,202	10,852	11,295	-	-	-	-	-
Book Value Per Share ²	8.760	10.10	10.60	11.20	6.040	6.700	7.400	8.140
Cash Flow per Share ²	2.600	2.930	1.860	1.570	0	0.9200	1.000	1.150
Capex ¹	730	1,145	1,272	-	-	197	232	238
Capex / Sales	10.53%	14.66%	16.58%	-	-	1.55%	1.79%	1.74%
Announcement Date	19/03/20	19/03/21	17/03/22	21/03/23	12/03/24	-	-	-

¹CNY in Million²CNY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.47 CNY

Average target price

12.65 CNY

Spread / Average Target

+10.29%

	1st Jan change	Capi.
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