CHINA TITANS ENERGY TECHNOLOGY GROUP CO., LIMITED

Financials China Titans Energy Technology Group Co., Limited

Equities

2188

KYG2113Y1089

Electrical Components & Equipment

Delayed Hong Kong S.E. Other stock markets 01:38:20 14/05/2024 pm IST			5-day change	1st Jan Change
0.31 ^HKD	+1.64%		0.00%	-4.62%

28/03	China Titans Energy Technology Group Co., Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI
19/03	China Titans Energy Technology to More than Double Loss in 2023	MT

Valuation

Fiscal Period: December	2017	2018	2019	2020	2021	2022
Capitalization ¹	716.6	552.3	363.7	327	282.7	265.5
Enterprise Value (EV) ¹	747.9	688.8	406	403	347	330.7
P/E ratio	4.69 x	-13.8 x	-7.64 x	-11 x	15.2 x	-14.6 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	2.19 x	2.04 x	1.21 x	1.19 x	0.84 x	0.77 x
EV / Revenue	2.28 x	2.55 x	1.35 x	1.46 x	1.03 x	0.96 x
EV / EBITDA	18.6 x	-64 x	63.3 x	-52.2 x	8.3 x	68.6 x
EV / FCF	5.79 x	-3.94 x	2.54 x	-111 x	-94.2 x	61.3 x
FCF Yield	17.3%	-25.4%	39.4%	-0.9%	-1.06%	1.63%
Price to Book	1.14 x	0.97 x	0.69 x	0.66 x	0.55 x	0.54 x
Nbr of stocks (in thousands)	9,25,056	9,25,056	9,25,056	9,25,056	9,25,056	9,25,056
Reference price ²	0.7746	0.5971	0.3932	0.3535	0.3056	0.2870
Announcement Date	23/04/18	18/04/19	27/04/20	26/04/21	29/04/22	25/04/23

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2017	2018	2019	2020	2021	2022
Net sales ¹	327.9	270.2	301.2	275.6	337.3	344.8
EBITDA ¹	40.17	-10.76	6.415	-7.722	41.8	4.822
EBIT ¹	22.48	-24.28	-5.509	-27.86	22.58	-14.52
Operating Margin	6.86%	-8.99%	-1.83%	-10.11%	6.69%	-4.21%
Earnings before Tax (EBT) ¹	200.3	-42.1	-49.84	-31.28	21.47	-21.27
Net income ¹	163.7	-40.17	-47.6	-29.62	18.6	-18.23
Net margin	49.93%	-14.87%	-15.8%	-10.75%	5.51%	-5.29%
EPS ²	0.1652	-0.0434	-0.0515	-0.0320	0.0201	-0.0197
Free Cash Flow ¹	129.2	-174.8	160	-3.615	-3.685	5.393
FCF margin	39.41%	-64.69%	53.11%	-1.31%	-1.09%	1.56%
FCF Conversion (EBITDA)	321.6%	-	2,493.55%	-	-	111.84%
FCF Conversion (Net income)	78.92%	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	23/04/18	18/04/19	27/04/20	26/04/21	29/04/22	25/04/23

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2017	2018	2019	2020	2021	2022
Net Debt ¹	31.4	136	42.2	76	64.3	65.1
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.7805 x	-12.67 x	6.582 x	-9.847 x	1.539 x	13.51 x
Free Cash Flow ¹	129	-175	160	-3.62	-3.68	5.39
ROE (net income / shareholders' equity)	25.6%	-7%	-8.59%	-5.76%	3.37%	-3.63%
ROA (Net income/ Total Assets)	1.39%	-1.48%	-0.37%	-2.04%	1.67%	-1.02%
Assets ¹	11,820	2,707	12,876	1,451	1,115	1,781
Book Value Per Share ²	0.6800	0.6200	0.5700	0.5300	0.5500	0.5300
Cash Flow per Share ²	0.0700	0.0600	0.0400	0.0500	0.0400	0.0900
Capex ¹	42.1	86.3	33.1	0.46	1.46	12
Capex / Sales	12.86%	31.95%	10.99%	0.17%	0.43%	3.47%
Announcement Date	23/04/18	18/04/19	27/04/20	26/04/21	29/04/22	25/04/23

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

Company calendar

Sector Batteries & Uninterruptable Power Supplies

	1st Jan change	Capi.
CHINA TITANS ENERGY TECHNOLOGY GROUP CO., LIMITED	-4.62%	59.2M
CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED	+21.90%	121B
LG ENERGY SOLUTION, LTD.	-9.82%	66.11B
TDK CORPORATION	+3.29%	16.77B
ECOPRO BM. CO., LTD.	-26.91%	15.07B
EVE ENERGY CO., LTD.	-10.88%	10.61B
GOTION HIGH-TECH CO.,LTD.	-11.95%	4.67B
VOLTRONIC POWER TECHNOLOGY CORP.	-8.19%	4.26B
ENERSYS	-2.77%	3.97B
TIANNENG BATTERY GROUP CO., LTD.	+4.69%	3.93B

Batteries & Uninterruptable Power Supplies

Stock Market
Equities
2188 Stock
Financials China Titans Energy Technology Group Co., Limited

Over 1,000,000 investors have joined us.

Over 1,000,000 investors have joined us.