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OFFON

CHINA BUILDING MATERIAL TEST & CERTIFICATION GROUP CO., LTD.

(603060)
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China Building Material Test & Certification Group Co., Ltd. entered into an agreement to acquire 65% stake in Guangzhou Best Justicial Testing Technology Co., Ltd. from 22 shareholders for approximately CNY 150 million.

07/28/2020 EST

China Building Material Test & Certification Group Co., Ltd. (SHSE:603060) entered into an agreement to acquire 65% stake in Guangzhou Best Justicial Testing Technology Co., Ltd. from 22 shareholders for approximately CNY 150 million on July 27, 2020. The consideration will be paid in three installments, with the payment ratios being 50%, 30% and 20%. In related transaction, China Building Material Test & Certification Group Co., Ltd. entered into a capital increase agreement with Guangzhou Best Justicial Testing Technology Co., Ltd. for CNY 80 million. Post completion of the acquisition and capital increase, Guangzhou Best Justicial Testing Technology Co., Ltd. a 73.97% stake in Guangzhou Best Justicial Testing Technology Co., Ltd. and it will operate as a subsidiary of China Building Material Test & Certification Group Co., Ltd. Guangzhou Best Justicial Testing Technology reported revenues of CNY 285.7 million, total assets of CNY 321.9 million, net profit of CNY 29.08 million and net assets of CNY 105.44 million as of December 31, 2019. The transaction was approved by the Board of China Building Material Test & Certification Group Co., Ltd. and doesn’t require shareholders’ approval.


ę S&P Capital IQ 2020
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Financials
Sales 2021 1 814 M 285 M 285 M
Net income 2021 283 M 44,3 M 44,3 M
Net cash 2021 194 M 30,5 M 30,5 M
P/E ratio 2021 36,3x
Yield 2021 0,86%
Capitalization 11 301 M 1 772 M 1 772 M
EV / Sales 2021 6,12x
EV / Sales 2022 5,03x
Nbr of Employees -
Free-Float 29,1%
Chart CHINA BUILDING MATERIAL TEST & CERTIFICATION GROUP CO., LTD.
Duration : Period :
China Building Material Test & Certification Group Co., Ltd. Technical Analysis Chart | 603060 | CNE100002G19 | MarketScreener
Technical analysis trends CHINA BUILDING MATERIAL TEST & CERTIFICATION GROUP CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 18,72 CNY
Average target price 22,07 CNY
Spread / Average Target 17,9%
EPS Revisions
Managers and Directors
Lian Bin Zhu General Manager & Director
He Yi LŘ Chief Financial Officer
Zhen Zhu Ma Chairman
Jing Hong Yang Chairman-Supervisory Board
Wei Sun Independent Director