Institutional Sign In

Go

Quectel Wireless Solutions

Quectel Wireless Solutions's net profit rose 89.4% yoy to CNY 358 mil in 2021

By Helgi Analytics - August 29, 2022

Quectel Wireless Solutions made a net profit of CNY 358 mil with revenues of CNY 11,262 mil in 2021, up by 89.4% and up...

Quectel Wireless Solutions's employees rose 35.8% yoy to 4,107 in 2021

By Helgi Analytics - August 29, 2022

Quectel Wireless Solutions employed 4,107 employees in 2021, up 35.8% compared to the previous year. Historically, between ...

Quectel Wireless Solutions's price/earnings (P/E) fell 23.4% yoy to 80.9 in 2021

By Helgi Analytics - August 29, 2022

Quectel Wireless Solutions stock traded at CNY 155 per share at the end 2021 translating into a market capitalization of USD 4,556 mil. ...

Profit Statement 2019 2020 2021
Sales CNY mil 4,130 6,106 11,262
Gross Profit CNY mil 874 1,235 1,978
EBITDA CNY mil 204 217 549
EBIT CNY mil 170 137 359
Financing Cost CNY mil 6.66 15.3 25.4
Pre-Tax Profit CNY mil 145 179 362
Net Profit CNY mil 148 189 358
Dividends CNY mil 44.6 57.0 108
Balance Sheet 2019 2020 2021
Total Assets CNY mil 2,932 4,601 8,140
Non-Current Assets CNY mil 374 890 1,545
Current Assets CNY mil 2,558 3,711 6,595
Working Capital CNY mil 660 1,484 3,133
Shareholders' Equity CNY mil 1,715 1,869 3,209
Liabilities CNY mil 1,217 2,733 4,931
Total Debt CNY mil 364 1,233 2,528
Net Debt CNY mil -234 622 1,395
Ratios 2019 2020 2021
ROE % 12.5 10.5 14.1
ROCE % 19.8 11.1 10.2
Gross Margin % 21.2 20.2 17.6
EBITDA Margin % 4.95 3.56 4.87
EBIT Margin % 4.12 2.24 3.19
Net Margin % 3.58 3.10 3.18
Net Debt/EBITDA -1.15 2.86 2.54
Net Debt/Equity % -13.6 33.3 43.5
Cost of Financing % 2.54 1.92 1.35
Valuation 2019 2020 2021
Market Capitalisation USD mil 1,598 3,059 4,556
Enterprise Value (EV) USD mil 1,565 3,154 4,775
Number Of Shares mil 155 180 187
Share Price CNY 71.9 111 155
EV/EBITDA 53.0 98.1 56.1
EV/Sales 2.62 3.49 2.74
Price/Earnings (P/E) 75.2 106 80.9
Price/Book Value (P/BV) 6.49 10.7 9.02
Dividend Yield % 0.401 0.286 0.371

Get all company financials in excel:

Download Sample   $19.99

overview Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
income statement                          
Sales CNY mil 303 573 1,661 2,701 4,130                
Gross Profit CNY mil 76.9 132 299 551 874                
EBIT CNY mil 23.2 18.3 73.5 189 170                
Net Profit CNY mil 26.3 20.6 81.5 180 148                
                             
ROE % ... 20.7 28.0 32.2 12.5                
EBIT Margin % 7.65 3.19 4.42 7.01 4.12                
Net Margin % 8.68 3.59 4.91 6.68 3.58                
Employees 226 374 591 1,059 1,617     ... ... ... ... ... ...
balance sheet                          
Total Assets CNY mil 129 299 806 1,292 2,932                
Non-Current Assets CNY mil 14.3 22.6 44.6 108 374                
Current Assets CNY mil 115 277 762 1,184 2,558                
                             
Shareholders' Equity CNY mil 82.5 116 465 655 1,715                
Liabilities CNY mil 46.7 183 341 637 1,217                
Non-Current Liabilities CNY mil 0 0 0 0 0                
Current Liabilities CNY mil 46.7 183 341 637 1,217                
                             
Net Debt/EBITDA -0.530 2.44 -2.35 -0.489 -1.15                
Net Debt/Equity % -16.3 44.7 -40.0 -14.9 -13.6                
Cost of Financing % ... 3.24 2.82 4.02 2.54     ... ... ... ... ... ...
cash flow                          
Total Cash From Operations CNY mil 25.3 -55.2 16.5 82.5 -145                
Total Cash From Investing CNY mil -6.09 -13.5 -90.9 -12.4 -595                
Total Cash From Financing CNY mil -11.5 66.5 183 60.7 1,075                
Net Change In Cash CNY mil 8.74 -1.84 108 132 339                
valuation                          
Market Capitalisation USD mil ... ... ... ... 1,598                
Enterprise Value (EV) USD mil ... ... ... ... 1,565                
Number Of Shares mil ... ... 127 136 155                
Share Price CNY ... ... ... ... 71.9                
Price/Earnings (P/E) ... ... ... ... 75.2                
Price/Cash Earnings (P/CE) ... ... ... ... 63.5                
EV/EBITDA ... ... ... ... 53.0                
Price/Book Value (P/BV) ... ... ... ... 6.49                
Dividend Yield % ... ... ... ... 0.401                
income statement Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
income statement                          
Sales CNY mil 303 573 1,661 2,701 4,130                
Cost of Goods & Services CNY mil 226 441 1,361 2,150 3,256                
Gross Profit CNY mil 76.9 132 299 551 874                
Selling, General & Admin CNY mil 22.6 59.8 123 196 326     ... ... ... ... ... ...
Research & Development CNY mil 30.3 50.0 99.7 164 362     ... ... ... ... ... ...
Other Operating Expense CNY mil 0.101 0.628 3.83 3.25 10.7     ... ... ... ... ... ...
Staff Cost CNY mil 12.4 26.5 65.1 118 174     ... ... ... ... ... ...
Other Operating Cost (Income) CNY mil 0 0 3.19 9.98 12.7     ... ... ... ... ... ...
EBITDA CNY mil 25.4 21.3 79.1 200 204                
Depreciation CNY mil 1.65 ... ... ... 27.3                
EBIT CNY mil 23.2 18.3 73.5 189 170                
Net Financing Cost CNY mil ... 1.26 -0.042 2.29 2.71                
Financing Cost CNY mil ... 1.40 1.11 3.23 6.66     ... ... ... ... ... ...
Financing Income CNY mil ... 0.132 1.15 0.938 3.95     ... ... ... ... ... ...
FX (Gain) Loss CNY mil 0 -2.64 -17.1 -4.56 23.4     ... ... ... ... ... ...
(Income) / Loss from Affiliates CNY mil 0 0 0 0 0     ... ... ... ... ... ...
Extraordinary Cost CNY mil 0 0 0 0 0     ... ... ... ... ... ...
Pre-Tax Profit CNY mil 26.6 21.6 93.3 193 145                
Tax CNY mil 0.310 0.991 11.8 12.1 -2.65                
Minorities CNY mil 0 0 0 0 0                
Net Profit CNY mil 26.3 20.6 81.5 180 148                
Net Profit Avail. to Common CNY mil 26.3 20.6 81.5 180 148                
Dividends CNY mil ... 0 0 0 44.6                
growth rates                          
Total Revenue Growth % ... 89.0 190 62.7 52.9                
Operating Cost Growth % ... 112 101 62.3 92.5     ... ... ... ... ... ...
Staff Cost Growth % ... 113 146 81.8 46.9     ... ... ... ... ... ...
EBITDA Growth % ... -16.2 272 153 2.04                
EBIT Growth % ... -21.1 302 158 -10.1                
Pre-Tax Profit Growth % ... -19.0 333 106 -24.5                
Net Profit Growth % ... -21.8 296 121 -18.0                
ratios                          
ROE % ... 20.7 28.0 32.2 12.5                
ROA % ... 9.60 14.7 17.2 7.01                
ROCE % ... 18.3 46.8 55.9 19.8                
Gross Margin % 25.4 23.1 18.0 20.4 21.2                
EBITDA Margin % 8.38 3.71 4.76 7.41 4.95                
EBIT Margin % 7.65 3.19 4.42 7.01 4.12                
Net Margin % 8.68 3.59 4.91 6.68 3.58                
Payout Ratio % ... 0 0 0 30.1                
Cost of Financing % ... 3.24 2.82 4.02 2.54     ... ... ... ... ... ...
Net Debt/EBITDA -0.530 2.44 -2.35 -0.489 -1.15                
balance sheet Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
balance sheet                          
Cash & Cash Equivalents CNY mil 20.6 27.1 186 258 598                
Receivables CNY mil 23.1 65.3 133 243 659                
Inventories CNY mil 49.1 139 273 495 724                
Other ST Assets CNY mil 22.0 45.7 170 188 577                
Current Assets CNY mil 115 277 762 1,184 2,558                
Property, Plant & Equipment CNY mil 4.55 9.66 21.5 68.3 181                
LT Investments & Receivables CNY mil 0 0 0 0 60.0                
Intangible Assets CNY mil 5.80 8.25 10.8 19.9 53.8                
Goodwill CNY mil 0 0 0 0 0                
Non-Current Assets CNY mil 14.3 22.6 44.6 108 374                
Total Assets CNY mil 129 299 806 1,292 2,932                
                             
Trade Payables CNY mil 25.9 61.9 267 384 724                
Short-Term Debt CNY mil 7.16 79.0 0 161 364                
Other ST Liabilities CNY mil 1.05 5.97 19.7 20.5 29.1                
Current Liabilities CNY mil 46.7 183 341 637 1,217                
Long-Term Debt CNY mil 0 0 0 0 0                
Other LT Liabilities CNY mil 0 0 0 0 0                
Non-Current Liabilities CNY mil 0 0 0 0 0                
Liabilities CNY mil 46.7 183 341 637 1,217                
Preferred Equity and Hybrid Capital CNY mil 0 0 0 0 0                
Share Capital CNY mil 60.2 72.9 341 350 1,228                
Treasury Stock CNY mil 0 0 0 0 0                
Equity Before Minority Interest CNY mil 82.5 116 465 655 1,715                
Minority Interest CNY mil 0 0 0 0 0     ... ... ... ... ... ...
Equity CNY mil 82.5 116 465 655 1,715                
growth rates                          
Total Asset Growth % ... 132 169 60.3 127                
Shareholders' Equity Growth % ... 40.4 302 40.8 162                
Net Debt Growth % ... -486 -459 -47.5 139                
Total Debt Growth % ... 1,003 -100 ... 126                
ratios                          
Total Debt CNY mil 7.16 79.0 0 161 364                
Net Debt CNY mil -13.4 51.8 -186 -97.8 -234                
Working Capital CNY mil 46.4 142 139 354 660                
Capital Employed CNY mil 60.6 165 184 462 1,034                
Net Debt/Equity % -16.3 44.7 -40.0 -14.9 -13.6                
Current Ratio 2.46 1.51 2.23 1.86 2.10                
Quick Ratio 0.937 0.504 0.936 0.787 1.03                
cash flow Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
cash flow                          
Net Profit CNY mil 26.3 20.6 81.5 180 148                
Depreciation CNY mil 1.65 ... ... ... 27.3                
Non-Cash Items CNY mil 1.62 17.9 17.6 21.0 35.8     ... ... ... ... ... ...
Change in Working Capital CNY mil -4.85 -96.6 -88.2 -130 -363     ... ... ... ... ... ...
Total Cash From Operations CNY mil 25.3 -55.2 16.5 82.5 -145                
                             
Capital Expenditures CNY mil -6.09 -13.5 -30.9 -72.4 -234                
Net Change in LT Investment CNY mil 0 0 ... ... -361     ... ... ... ... ... ...
Net Cash From Acquisitions CNY mil 0 0 0 0 0     ... ... ... ... ... ...
Other Investing Activities CNY mil 0 0 -60.0 60.0 0     ... ... ... ... ... ...
Total Cash From Investing CNY mil -6.09 -13.5 -90.9 -12.4 -595                
                             
Dividends Paid CNY mil 0 0 0 0 0                
Issuance Of Shares CNY mil 0 0 259 0 902                
Issuance Of Debt CNY mil -7.00 50.7 -55.7 60.7 173                
Other Financing Activities CNY mil -4.49 15.8 -19.8 0 0     ... ... ... ... ... ...
Total Cash From Financing CNY mil -11.5 66.5 183 60.7 1,075                
                             
Effect of FX Rates CNY mil 1.04 0.377 -0.587 1.44 3.60     ... ... ... ... ... ...
Net Change In Cash CNY mil 8.74 -1.84 108 132 339                
ratios                          
Days Sales Outstanding days 27.9 41.6 29.2 32.9 58.3                
Days Sales Of Inventory days 79.3 115 73.2 84.0 81.2                
Days Payable Outstanding days 41.9 51.3 71.5 65.2 81.1                
Cash Conversion Cycle days 65.3 105 30.8 51.6 58.4                
Cash Earnings CNY mil 28.0 ... ... ... 175                
Free Cash Flow CNY mil 19.2 -68.7 -74.4 70.1 -740                
Capital Expenditures (As % of Sales) % 2.01 2.36 1.86 2.68 5.67                
other ratios Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
                           
Employees 226 374 591 1,059 1,617     ... ... ... ... ... ...
Cost Per Employee USD per month 721 878 1,363 1,394 1,295     ... ... ... ... ... ...
Cost Per Employee (Local Currency) CNY per month 4,579 5,902 9,177 9,313 8,961     ... ... ... ... ... ...
Operating Cost (As % of Sales) % 17.7 19.9 13.8 13.8 17.3     ... ... ... ... ... ...
Research & Development (As % of Sales) % 10.0 8.73 6.00 6.06 8.76     ... ... ... ... ... ...
Staff Cost (As % of Sales) % 4.10 4.62 3.92 4.38 4.21     ... ... ... ... ... ...
Effective Tax Rate % 1.16 4.60 12.7 6.28 -1.82                
Total Revenue Growth (5-year average) % ... ... ... ... ...                
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...      
valuation Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
                           
Market Capitalisation USD mil ... ... ... ... 1,598                
Enterprise Value (EV) USD mil ... ... ... ... 1,565                
Number Of Shares mil ... ... 127 136 155                
Share Price CNY ... ... ... ... 71.9                
EV/EBITDA ... ... ... ... 53.0                
Price/Earnings (P/E) ... ... ... ... 75.2                
Price/Cash Earnings (P/CE) ... ... ... ... 63.5                
P/FCF ... ... ... ... -15.0                
Price/Book Value (P/BV) ... ... ... ... 6.49                
Dividend Yield % ... ... ... ... 0.401                
Free Cash Flow Yield % ... ... ... ... -6.69                
Earnings Per Share (EPS) CNY ... ... 0.641 1.33 0.957                
Cash Earnings Per Share CNY ... ... ... ... 1.13                
Free Cash Flow Per Share CNY ... ... -0.585 0.517 -4.78                
Book Value Per Share CNY ... ... 3.66 4.83 11.1                
Dividend Per Share CNY ... ... 0 0 0.288                
EV/Sales ... ... ... ... 2.62                
EV/EBIT ... ... ... ... 63.6                
EV/Free Cash Flow ... ... ... ... -14.6                
EV/Capital Employed ... ... ... ... 10.5                
Earnings Per Share Growth % ... ... ... 108 -28.1                
Cash Earnings Per Share Growth % ... ... ... ... ...                
Book Value Per Share Growth % ... ... ... 32.1 129                

Get all company financials in excel:

Download Sample   $19.99

Quectel Wireless Solutions's Net Debt/EBITDA fell 11.1% yoy to 2.54 in 2021

By Helgi Analytics - August 29, 2022

Quectel Wireless Solutions's net debt stood at CNY 1,395 mil and accounted for 43.5% of equity at the end of 2021. The ratio is up 10.2 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 44.7% in 2016 and ...

Quectel Wireless Solutions's Capital Expenditures fell 68.3% yoy to CNY 927 mil in 2021

By Helgi Analytics - August 29, 2022

Quectel Wireless Solutions invested a total of CNY 927 mil in 2021, up 68.3% compared to the previous year. Historically, between 2015 - 2021, the company's investments stood at a high of CNY 927 mil in 2021 and a low of CNY 6.09 mil in 2015...

Quectel Wireless Solutions's Net Margin rose 2.70% yoy to 3.18% in 2021

By Helgi Analytics - August 29, 2022

Quectel Wireless Solutions made a net profit of CNY 358 mil with revenues of CNY 11,262 mil in 2021, up by 89.4% and up by 84.4%, respectively, compared to the previous year. This translates into a net margin of 3.18%. Historically, between 2015 and 202...

Quectel Wireless Solutions's ROCE fell 8.47% yoy to 10.2% in 2021

By Helgi Analytics - August 29, 2022

Quectel Wireless Solutions made a net profit of CNY 358 mil in 2021, up 89.4% compared to the previous year. Historically, between 2015 and 2021, the company's net profit reached a high of CNY 358 mil in 2021 and a low of CNY 20.6 mil in 2016. The result ...

Quectel Wireless Solutions's P/FCF rose 31.1% yoy to -19.8 in 2021

By Helgi Analytics - August 29, 2022

Quectel Wireless Solutions stock traded at CNY 155 per share at the end 2021 translating into a market capitalization of USD 4,556 mil. Since the end of 2016, the stock has appreciated by 0% representing an annual average growth of %. At the end of 2021,...

Quectel Wireless Solutions's Share Price rose 40.0% yoy to CNY 155 in 2021

By Helgi Analytics - August 29, 2022

Quectel Wireless Solutions stock traded at CNY 155 per share at the end 2021 implying a market capitalization of USD 4,556 mil. Since the end of 2016, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company ...

More News

Quectel Wireless Solutions Logo

Finance

Quectel Wireless Solutions has been growing its sales by 23.1% a year on average in the last 5 years. EBITDA has grown on average by 31.1% a year during that time to total of CNY 3,405 mil in 2027, or 7.34% of sales. That’s compared to 6.62% average margin seen in last five years.

The company netted CNY 2,817 mil in 2027 implying ROE of 29.2% and ROCE of 30.1%. Again, the average figures were 28.6% and 25.3%, respectively when looking at the previous 5 years.

Quectel Wireless Solutions’s net debt amounted to CNY 525 mil at the end of 2027, or 4.94% of equity. When compared to EBITDA, net debt was 0.154x, down when compared to average of 0.421x seen in the last 5 years.

Valuation

Quectel Wireless Solutions stock traded at CNY 153 per share at the end of 2027 resulting in a market capitalization of USD 4,504 mil. Over the previous five years, stock price grew by 0% or 0% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 8.58x and price to earnings (PE) of 10.2x as of 2027.

More Companies in Chinese Telcos & Hi-Tech Sector