Ningxia Baofeng Energy Group Co., Ltd.

SHSE-600989

Basic

Market Cap
CN¥110.07B
EV
CN¥129.46B
Shares Out
7,313.82M
Revenue
CN¥30.63B
Employees
18,762

Margins

Gross
30.41%
EBITDA
30.44%
Operating
24.31%
Pre-Tax
22.02%
Net
19.22%
FCF
-7.67%

Returns (5Yr Avg)

ROA
12.71%
ROTA
23.42%
ROE
20.13%
ROCE
19.59%
ROIC
13.57%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
CN¥22.73
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
CN¥1,802.38M
Net Debt
CN¥19.39B
Debt/Equity
0.53
EBIT/Interest
18.4

Growth (CAGR)

Rev 3Yr
20.98%
Rev 5Yr
18.48%
Rev 10Yr
21.84%
Dil EPS 3Yr
1.71%
Dil EPS 5Yr
6.36%
Dil EPS 10Yr
21.04%
Rev Fwd 2Yr
42.09%
EBITDA Fwd 2Yr
53.08%
EPS Fwd 2Yr
58.8%
EPS LT Growth Est
—

Dividends

Yield
—
Payout
34.87%
DPS
CN¥0.28
DPS Growth 3Yr
—
DPS Growth 5Yr
—
DPS Growth 10Yr
—
DPS Growth Fwd 2Yr
55.36%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						13,525.4	15,876.8	23,222.3	28,256.9	28,891.8	30,385.6
Other Revenues, Total						42.8	50.9	77.7	172.9	243.7	243.7
Total Revenues						13,568.2	15,927.7	23,299.9	28,429.8	29,135.5	30,629.3
Total Revenues % Chg.						4%	17.4%	46.3%	22%	2.5%	6.9%
Cost of Goods Sold, Total						7,608.3	8,751.3	13,479.6	19,117.8	20,314.7	21,314.2
Gross Profit						5,959.9	7,176.4	9,820.3	9,312	8,820.8	9,315.2
Selling General & Admin Expenses, Total						881.6	1,030.2	643.5	714	818.8	862.4
Provision for Bad Debts		—				0	0	0.2	0.3	-0.4	6.4
R&D Expenses	—	—	—			53.4	100	132.5	150.9	431.1	498.4
Other Operating Expenses						160	228.2	348.6	406.4	454.2	502.9
Other Operating Expenses, Total						1,095	1,358.4	1,124.8	1,271.6	1,703.6	1,870.1
Operating Income						4,864.9	5,818	8,695.5	8,040.4	7,117.2	7,445.1
Interest Expense, Total						-320	-228.1	-173.1	-150	-286.8	-404.6
Interest And Investment Income						45.5	49.6	48.5	25.4	54.6	54.2
Net Interest Expenses						-274.4	-178.5	-124.6	-124.6	-232.2	-350.4
Income (Loss) On Equity Invest.	—	—	—	—	—	—	—	—	—	—	4.5
Currency Exchange Gains (Loss)						1.1	0	-1.8	0.7	2.8	2.8
Other Non Operating Income (Expenses)						27.5	-118.4	-442.9	-109.7	-72.9	62.9
EBT, Excl. Unusual Items						4,619	5,521.2	8,126.1	7,806.8	6,814.9	7,164.8
Gain (Loss) On Sale Of Investments	—		—	—	—	—	—	-0	—	—	—
Gain (Loss) On Sale Of Assets						-8	-16.7	-34.7	-101.6	-77.6	-75.2
Asset Writedown	—	—	—		—	—	—	—	—	—	—
Other Unusual Items	—	—				-225.6	-255.8	29.3	-397.8	-270.6	-346.2
EBT, Incl. Unusual Items						4,385.4	5,248.7	8,120.7	7,307.4	6,466.8	6,743.5
Income Tax Expense						583.6	625.9	1,050.3	1,004.9	816.2	857.1
Earnings From Continuing Operations						3,801.9	4,622.8	7,070.4	6,302.5	5,650.6	5,886.3
Net Income						3,801.9	4,622.8	7,070.4	6,302.5	5,650.6	5,886.3
Net Income to Common Incl Extra Items						3,801.9	4,622.8	7,070.4	6,302.5	5,650.6	5,886.3
Net Income to Common Excl. Extra Items						3,801.9	4,622.8	7,070.4	6,302.5	5,650.6	5,886.3
Total Shares Outstanding						7,333.4	7,333.4	7,313.8	7,313.8	7,313.8	7,313.8
Weighted Avg. Shares Outstanding						7,075.5	7,333.4	7,320.9	7,313.8	7,313.8	7,331.6
Weighted Avg. Shares Outstanding Dil						7,075.5	7,333.4	7,320.9	7,313.8	7,313.8	7,331.6
EPS						0.5	0.6	1	0.9	0.8	0.8
EPS Diluted						0.5	0.6	1	0.9	0.8	0.8
EBITDA						5,682.5	6,916.5	10,008.4	9,438.9	8,898.6	9,322.3
Effective Tax Rate						13.3%	11.9%	12.9%	13.8%	12.6%	12.7%