PDF《福莱特玻璃 （6865.HK）》

Margins (%) Growth Revenue 29.5% 2.9% 1.3% 0.8% EBIT 68.5% 5.7% 27.1% -33.2% Net Income, adj. 92.7% 10.4% 39.6% -29.0% Margins Gross margin 32.8% 29.3% 36.8% 27.8% EBIT margin 20.0% 20.5% 25.8% 17.1% Net Profit Margin 13.9% 14.9% 20.5% 14.5% Key Ratios ROE 5.9% 9.8% 21.9% 13.8% Income Statement (RMB mn) Revenue

2833 2914

2951 2975 Gross profit

928 854

1087 826 EBIT

566 598

760 508 Profit before tax

486 536

733 499 Tax -94 -103 -127 -69 Profit for the period

392 433

606 430 Minority interests

0 0

0 0 Total capital share

1800 1800

1800 1800 Net profit

393 434

606 430 Source: PSR (Financial figures as at

28 December 2018) Page |

6 | PHILLIPCAPITAL HONGKONG RESEARCH Flat Flat Flat Flat Glass Glass Glass Glass Company Company Company Company Visit Visit Visit Visit PHILLIP RESEARCH STOCK SELECTION SYSTEMS We do not base our recommendations entirely on the above quantitative return bands. We consider qualitative factors like (but not limited to) a st........