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 Library - 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 net profit rose 89.4% yoy to CNY 358 mil in 2021

By Helgi Library - 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 Library - August 29, 2022

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

Profit Statement 2025 2026 2027
Sales CNY mil 35,557 40,464 46,378
Gross Profit CNY mil 7,090 8,904 11,317
EBITDA CNY mil 2,554 2,948 3,405
EBIT CNY mil 2,314 2,698 3,145
Financing Cost CNY mil ... ... ...
Pre-Tax Profit CNY mil 2,299 2,683 3,130
Net Profit CNY mil 2,069 2,415 2,817
Dividends CNY mil 533 639 833
Balance Sheet 2025 2026 2027
Total Assets CNY mil 12,080 13,341 14,742
Non-Current Assets CNY mil 1,739 1,791 1,845
Current Assets CNY mil 10,341 11,550 12,897
Working Capital CNY mil 6,003 6,986 8,106
Shareholders' Equity CNY mil 6,870 8,645 10,629
Liabilities CNY mil -1,196 4,695 4,113
Total Debt CNY mil 2,568 2,578 2,588
Net Debt CNY mil 805 665 525
Ratios 2025 2026 2027
ROE % 32.7 31.1 29.2
ROCE % 28.4 29.2 30.1
Gross Margin % 19.9 22.0 24.4
EBITDA Margin % 7.18 7.29 7.34
EBIT Margin % 6.51 6.67 6.78
Net Margin % 5.82 5.97 6.07
Net Debt/EBITDA 0.315 0.226 0.154
Net Debt/Equity % 11.7 7.69 4.94
Cost of Financing % ... ... ...
Valuation 2025 2026 2027
Market Capitalisation USD mil 4,504 4,504 4,504
Enterprise Value (EV) USD mil 4,630 4,608 4,586
Number Of Shares mil 188 188 188
Share Price CNY 153 153 153
EV/EBITDA 11.5 9.96 8.58
EV/Sales 0.830 0.726 0.630
Price/Earnings (P/E) 13.9 11.9 10.2
Price/Book Value (P/BV) 4.18 3.32 2.70
Dividend Yield % 1.86 2.23 2.90

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       2,701 4,130 6,106 11,262 16,419          
Gross Profit CNY mil       551 874 1,235 1,978 2,992          
EBIT CNY mil       189 170 137 359 634          
Net Profit CNY mil       180 148 189 358 641          
                             
ROE % ...     32.2 12.5 10.5 14.1 18.3          
EBIT Margin %       7.01 4.12 2.24 3.19 3.86          
Net Margin %       6.68 3.58 3.10 3.18 3.90          
Employees       1,059 1,617 3,025 4,107 ... ... ... ... ... ...
balance sheet                          
Total Assets CNY mil       1,292 2,932 4,601 8,140 8,986          
Non-Current Assets CNY mil       108 374 890 1,545 1,591          
Current Assets CNY mil       1,184 2,558 3,711 6,595 7,394          
                             
Shareholders' Equity CNY mil       655 1,715 1,869 3,209 3,799          
Liabilities CNY mil       637 1,217 2,733 4,931 5,173          
Non-Current Liabilities CNY mil       0 0 89.5 295 795          
Current Liabilities CNY mil       637 1,217 2,643 4,635 4,378          
                             
Net Debt/EBITDA       -0.489 -1.15 2.86 2.54 1.39          
Net Debt/Equity %       -14.9 -13.6 33.3 43.5 32.3          
Cost of Financing % ...     4.02 2.54 1.92 1.35 ... ... ... ... ... ...
cash flow                          
Total Cash From Operations CNY mil       82.5 -145 -404 -520 907          
Total Cash From Investing CNY mil       -12.4 -595 -292 -945 -500          
Total Cash From Financing CNY mil       60.7 1,075 709 1,991 -150          
Net Change In Cash CNY mil       132 339 12.9 523 150          
valuation                          
Market Capitalisation USD mil ... ... ... ... 1,598 3,059 4,556 4,504          
Enterprise Value (EV) USD mil ... ... ... ... 1,565 3,154 4,775 4,696          
Number Of Shares mil ... ...   136 155 180 187 188          
Share Price CNY ... ... ... ... 71.9 111 155 153          
Price/Earnings (P/E) ... ... ... ... 75.2 106 80.9 44.8          
Price/Cash Earnings (P/CE) ... ... ... ... 63.5 77.6 55.3 33.7          
EV/EBITDA ... ... ... ... 53.0 98.1 56.1 34.1          
Price/Book Value (P/BV) ... ... ... ... 6.49 10.7 9.02 7.55          
Dividend Yield % ... ... ... ... 0.401 0.286 0.371 0.558          
income statement Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
income statement                          
Sales CNY mil       2,701 4,130 6,106 11,262 16,419          
Cost of Goods & Services CNY mil       2,150 3,256 4,871 9,284 13,427          
Gross Profit CNY mil       551 874 1,235 1,978 2,992          
Selling, General & Admin CNY mil       196 326 372 587 ... ... ... ... ... ...
Research & Development CNY mil       164 362 707 1,022 ... ... ... ... ... ...
Other Operating Expense CNY mil       3.25 10.7 38.7 19.6 ... ... ... ... ... ...
Staff Cost CNY mil       118 174 196 365 ... ... ... ... ... ...
Other Operating Cost (Income) CNY mil       9.98 12.7 50.7 33.1 ... ... ... ... ... ...
EBITDA CNY mil       200 204 217 549 879          
Depreciation CNY mil   ... ... ... 27.3 68.2 166 210          
EBIT CNY mil       189 170 137 359 634          
Net Financing Cost CNY mil ...     2.29 2.71 11.6 19.3 15.0          
Financing Cost CNY mil ...     3.23 6.66 15.3 25.4 ... ... ... ... ... ...
Financing Income CNY mil ...     0.938 3.95 3.67 6.14 ... ... ... ... ... ...
FX (Gain) Loss CNY mil       -4.56 23.4 -53.7 -34.6 ... ... ... ... ... ...
(Income) / Loss from Affiliates CNY mil       0 0 0.546 0.572 ... ... ... ... ... ...
Extraordinary Cost CNY mil       0 0 0 0 ... ... ... ... ... ...
Pre-Tax Profit CNY mil       193 145 179 362 650          
Tax CNY mil       12.1 -2.65 -10.4 3.32 8.75          
Minorities CNY mil       0 0 0 0.277 0          
Net Profit CNY mil       180 148 189 358 641          
Net Profit Avail. to Common CNY mil       180 148 189 358 641          
Dividends CNY mil ...     0 44.6 57.0 108 160          
growth rates                          
Total Revenue Growth % ...     62.7 52.9 47.8 84.4 45.8          
Operating Cost Growth % ...     62.3 92.5 60.5 43.8 ... ... ... ... ... ...
Staff Cost Growth % ...     81.8 46.9 12.9 85.8 ... ... ... ... ... ...
EBITDA Growth % ...     153 2.04 6.46 152 60.1          
EBIT Growth % ...     158 -10.1 -19.7 163 76.6          
Pre-Tax Profit Growth % ...     106 -24.5 22.9 103 79.7          
Net Profit Growth % ...     121 -18.0 27.7 89.4 79.0          
ratios                          
ROE % ...     32.2 12.5 10.5 14.1 18.3          
ROA % ...     17.2 7.01 5.02 5.62 7.49          
ROCE % ...     55.9 19.8 11.1 10.2 12.8          
Gross Margin %       20.4 21.2 20.2 17.6 18.2          
EBITDA Margin %       7.41 4.95 3.56 4.87 5.35          
EBIT Margin %       7.01 4.12 2.24 3.19 3.86          
Net Margin %       6.68 3.58 3.10 3.18 3.90          
Payout Ratio % ...     0 30.1 30.2 30.0 25.0          
Cost of Financing % ...     4.02 2.54 1.92 1.35 ... ... ... ... ... ...
Net Debt/EBITDA       -0.489 -1.15 2.86 2.54 1.39          
balance sheet Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
balance sheet                          
Cash & Cash Equivalents CNY mil       258 598 610 1,133 1,283          
Receivables CNY mil       243 659 1,270 2,129 2,342          
Inventories CNY mil       495 724 1,438 2,699 3,104          
Other ST Assets CNY mil       188 577 392 634 666          
Current Assets CNY mil       1,184 2,558 3,711 6,595 7,394          
Property, Plant & Equipment CNY mil       68.3 181 595 1,212 1,333          
LT Investments & Receivables CNY mil       0 60.0 60.0 30.0 30.0          
Intangible Assets CNY mil       19.9 53.8 93.9 118 142          
Goodwill CNY mil       0 0 0 0 0          
Non-Current Assets CNY mil       108 374 890 1,545 1,591          
Total Assets CNY mil       1,292 2,932 4,601 8,140 8,986          
                             
Trade Payables CNY mil       384 724 1,225 1,695 1,729          
Short-Term Debt CNY mil       161 364 1,143 2,264 2,274          
Other ST Liabilities CNY mil       20.5 29.1 104 375 375          
Current Liabilities CNY mil       637 1,217 2,643 4,635 4,378          
Long-Term Debt CNY mil       0 0 89.5 264 264          
Other LT Liabilities CNY mil       0 0 0 31.5 31.5          
Non-Current Liabilities CNY mil       0 0 89.5 295 795          
Liabilities CNY mil       637 1,217 2,733 4,931 5,173          
Preferred Equity and Hybrid Capital CNY mil       0 0 0 0 0          
Share Capital CNY mil       350 1,228 1,228 2,289 2,289          
Treasury Stock CNY mil       0 0 0 0 0          
Equity Before Minority Interest CNY mil       655 1,715 1,869 3,208 3,813          
Minority Interest CNY mil       0 0 0 0.839 ... ... ... ... ... ...
Equity CNY mil       655 1,715 1,869 3,209 3,799          
growth rates                          
Total Asset Growth % ...     60.3 127 56.9 76.9 10.4          
Shareholders' Equity Growth % ...     40.8 162 8.98 71.7 18.4          
Net Debt Growth % ...     -47.5 139 -366 124 -12.2          
Total Debt Growth % ...     ... 126 239 105 0.396          
ratios                          
Total Debt CNY mil       161 364 1,233 2,528 2,538          
Net Debt CNY mil       -97.8 -234 622 1,395 1,225          
Working Capital CNY mil       354 660 1,484 3,133 3,717          
Capital Employed CNY mil       462 1,034 2,374 4,678 5,309          
Net Debt/Equity %       -14.9 -13.6 33.3 43.5 32.3          
Current Ratio       1.86 2.10 1.40 1.42 1.69          
Quick Ratio       0.787 1.03 0.712 0.704 0.828          
cash flow Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
cash flow                          
Net Profit CNY mil       180 148 189 358 641          
Depreciation CNY mil   ... ... ... 27.3 68.2 166 210          
Non-Cash Items CNY mil       21.0 35.8 49.2 -1.07 ... ... ... ... ... ...
Change in Working Capital CNY mil       -130 -363 -723 -1,067 ... ... ... ... ... ...
Total Cash From Operations CNY mil       82.5 -145 -404 -520 907          
                             
Capital Expenditures CNY mil       -72.4 -234 -551 -927 -500          
Net Change in LT Investment CNY mil     ... ... -361 259 -45.9 ... ... ... ... ... ...
Net Cash From Acquisitions CNY mil       0 0 0 28.6 ... ... ... ... ... ...
Other Investing Activities CNY mil       60.0 0 0 0 ... ... ... ... ... ...
Total Cash From Investing CNY mil       -12.4 -595 -292 -945 -500          
                             
Dividends Paid CNY mil       0 0 -44.6 -57.0 -160          
Issuance Of Shares CNY mil       0 902 0 1,061 0          
Issuance Of Debt CNY mil       60.7 173 754 1,004 10.0          
Other Financing Activities CNY mil       0 0 0 -16.5 ... ... ... ... ... ...
Total Cash From Financing CNY mil       60.7 1,075 709 1,991 -150          
                             
Effect of FX Rates CNY mil       1.44 3.60 0.058 -3.94 ... ... ... ... ... ...
Net Change In Cash CNY mil       132 339 12.9 523 150          
ratios                          
Days Sales Outstanding days       32.9 58.3 75.9 69.0 52.1          
Days Sales Of Inventory days       84.0 81.2 108 106 84.4          
Days Payable Outstanding days       65.2 81.1 91.8 66.6 47.0          
Cash Conversion Cycle days       51.6 58.4 91.9 108 89.4          
Cash Earnings CNY mil   ... ... ... 175 257 524 851          
Free Cash Flow CNY mil       70.1 -740 -696 -1,465 407          
Capital Expenditures (As % of Sales) %       2.68 5.67 9.03 8.23 3.05          
other ratios Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
                           
Employees       1,059 1,617 3,025 4,107 ... ... ... ... ... ...
Cost Per Employee USD per month       1,394 1,295 800 1,147 ... ... ... ... ... ...
Cost Per Employee (Local Currency) CNY per month       9,313 8,961 5,408 7,401 ... ... ... ... ... ...
Operating Cost (As % of Sales) %       13.8 17.3 18.8 14.7 ... ... ... ... ... ...
Research & Development (As % of Sales) %       6.06 8.76 11.6 9.08 ... ... ... ... ... ...
Staff Cost (As % of Sales) %       4.38 4.21 3.22 3.24 ... ... ... ... ... ...
Effective Tax Rate %       6.28 -1.82 -5.85 0.917 1.35          
Total Revenue Growth (5-year average) % ... ... ... ... ... 82.3 81.4 58.1          
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 3,059 4,556 4,504          
Enterprise Value (EV) USD mil ... ... ... ... 1,565 3,154 4,775 4,696          
Number Of Shares mil ... ...   136 155 180 187 188          
Share Price CNY ... ... ... ... 71.9 111 155 153          
EV/EBITDA ... ... ... ... 53.0 98.1 56.1 34.1          
Price/Earnings (P/E) ... ... ... ... 75.2 106 80.9 44.8          
Price/Cash Earnings (P/CE) ... ... ... ... 63.5 77.6 55.3 33.7          
P/FCF ... ... ... ... -15.0 -28.7 -19.8 70.5          
Price/Book Value (P/BV) ... ... ... ... 6.49 10.7 9.02 7.55          
Dividend Yield % ... ... ... ... 0.401 0.286 0.371 0.558          
Free Cash Flow Yield % ... ... ... ... -6.69 -3.37 -4.98 1.42          
Earnings Per Share (EPS) CNY ... ...   1.33 0.957 1.05 1.92 3.41          
Cash Earnings Per Share CNY ... ... ... ... 1.13 1.42 2.80 4.53          
Free Cash Flow Per Share CNY ... ...   0.517 -4.78 -3.86 -7.84 2.17          
Book Value Per Share CNY ... ...   4.83 11.1 10.4 17.2 20.2          
Dividend Per Share CNY ... ...   0 0.288 0.316 0.575 0.852          
EV/Sales ... ... ... ... 2.62 3.49 2.74 1.82          
EV/EBIT ... ... ... ... 63.6 156 85.8 47.2          
EV/Free Cash Flow ... ... ... ... -14.6 -30.6 -21.0 73.6          
EV/Capital Employed ... ... ... ... 10.5 8.67 6.49 5.64          
Earnings Per Share Growth % ... ... ... 108 -28.1 9.48 82.9 78.3          
Cash Earnings Per Share Growth % ... ... ... ... ... 25.8 96.7 61.7          
Book Value Per Share Growth % ... ... ... 32.1 129 -6.58 65.8 17.9          

Get all company financials in excel:

Download Sample   $19.99

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

By Helgi Library - August 29, 2022

Quectel Wireless Solutions employed 4,107 employees in 2021, up 35.8% compared to the previous year. Historically, between 2015 and 2021, the firm's workforce hit a high of 4,107 employees in 2021 and a low of 226 employees in 2015. Average personnel...

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

By Helgi Library - 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, stock has appreciated by 0% representing an annual average growth of %. In absolute terms, the...

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

By Helgi Library - 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, stock has appreciated by 0% representing an annual average growth of %. In absolute terms, the...

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

By Helgi Library - 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 Net Debt/EBITDA fell 11.1% yoy to 2.54 in 2021

By Helgi Library - 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 Library - 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 Capital Expenditures fell 68.3% yoy to CNY 927 mil in 2021

By Helgi Library - 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 Library - 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 Net Margin rose 2.70% yoy to 3.18% in 2021

By Helgi Library - 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 P/FCF rose 31.1% yoy to -19.8 in 2021

By Helgi Library - 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,...

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