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    600516   CNE000001CC6

FANGDA CARBON NEW MATERIAL CO.,LTD

(600516)
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Jilin Guoxing New Material Industry Investment Co., Ltd. completed the acquisition of 70% stake in Jilin Fangda Jiangcheng Carbon Fiber Co., Ltd. from Fangda Carbon New Material Technology Co., Ltd..

08/11/2020 EST

Jilin Guoxing New Material Industry Investment Co., Ltd. entered into an agreement to acquire 70% stake in Jilin Fangda Jiangcheng Carbon Fiber Co., Ltd. from Fangda Carbon New Material Technology Co., Ltd. (SHSE:600516) for approximately CNY 150 million on May 7, 2020. As per the terms, the transfer includes a 70% equity of Jilin Fangda Jiangcheng Carbon Fiber Co., Ltd. held by Fangda Carbon New Material Technology Co., Ltd. and part of the debt of Fangda Carbon New Material Technology Co., Ltd. to Jilin Fangda Jiangcheng Carbon Fiber Co., Ltd. i.e. CNY 151.4 million. Jilin Fangda Jiangcheng Carbon Fiber Co., Ltd. reported revenue of CNY 41.2 million, total assets of CNY 156.3 million and net loss of CNY 40.5 million as of December 31, 2019. The transaction is approved by the Board of Fangda Carbon New Material Technology Co., Ltd. Jilin Guoxing New Material Industry Investment Co., Ltd. completed the acquisition of 70% stake in Jilin Fangda Jiangcheng Carbon Fiber Co., Ltd. from Fangda Carbon New Material Technology Co., Ltd. (SHSE:600516) on August 11, 2020. As a result of the transaction, Jilin Fangda Jiangcheng Carbon Fiber Co., Ltd. is renamed Jilin Guoxing Carbon Fiber Co., Ltd.


ę S&P Capital IQ 2020
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Financials
Sales 2021 4 739 M 748 M 748 M
Net income 2021 1 086 M 172 M 172 M
Net cash 2021 10 339 M 1 633 M 1 633 M
P/E ratio 2021 34,5x
Yield 2021 0,14%
Capitalization 37 565 M 5 926 M 5 932 M
EV / Sales 2021 5,75x
EV / Sales 2022 4,43x
Nbr of Employees 4 930
Free-Float 59,1%
Chart FANGDA CARBON NEW MATERIAL CO.,LTD
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FangDa Carbon New Material Co.,Ltd Technical Analysis Chart | 600516 | CNE000001CC6 | MarketScreener
Technical analysis trends FANGDA CARBON NEW MATERIAL CO.,LTD
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 3
Last Close Price 9,87 CNY
Average target price 12,33 CNY
Spread / Average Target 24,9%
EPS Revisions
Managers and Directors
Zong Yuan Qiu General Manager
Yong Yu Chief Financial Officer
Xi Jiang Dang Chairman
Xin Li Chairman-Supervisory Board
Yan Heng Wei Independent Director