ZTE Corporation Ratios and Metrics

Market cap in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 5, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	190,081	190,120	191,572	130,675	129,367	179,423
Market Cap Growth	-9.40%	-0.76%	46.60%	1.01%	-27.90%	6.30%
Enterprise Value	205,865	205,605	188,720	116,633	122,011	174,541
Last Close Price	25.42	27.14	23.68	16.24	15.72	19.05
PE Ratio	29.78	30.41	21.37	12.72	14.16	21.46
PS Ratio	1.32	1.28	1.48	0.96	0.93	1.28
PB Ratio	2.31	2.26	2.46	1.74	1.92	2.74
P/TBV Ratio	2.54	2.46	2.58	1.82	2.06	3.06
P/FCF Ratio	185.67	6632.75	24.12	8.85	43.58	14.56
P/OCF Ratio	33.39	43.60	15.68	6.82	15.10	9.30
EV/Sales Ratio	1.38	1.38	1.46	0.85	0.88	1.24
EV/EBITDA Ratio	28.45	17.69	14.57	7.23	7.93	12.27
EV/EBIT Ratio	33.27	29.78	17.86	10.51	11.30	19.19
EV/FCF Ratio	201.09	7172.99	23.76	7.90	41.10	14.17
Debt / Equity Ratio	0.77	0.77	0.79	0.85	0.79	0.77
Debt / EBITDA Ratio	5.30	5.30	4.61	3.89	3.36	3.40
Debt / FCF Ratio	2255.76	2255.76	7.78	4.35	17.83	4.07
Net Debt / Equity Ratio	0.09	0.09	0.01	-0.30	-0.17	-0.21
Net Debt / EBITDA Ratio	0.67	0.67	0.03	-1.39	-0.74	-0.97
Net Debt / FCF Ratio	270.07	270.07	0.06	-1.52	-3.82	-1.12
Asset Turnover	0.63	0.63	0.59	0.65	0.70	0.72
Inventory Turnover	2.12	2.12	1.84	1.70	1.91	2.14
Quick Ratio	1.03	1.03	1.10	1.32	1.08	1.05
Current Ratio	1.76	1.76	1.72	1.91	1.76	1.63
Return on Equity (ROE)	7.48%	7.48%	11.82%	14.45%	13.81%	14.16%
Return on Assets (ROA)	1.82%	1.82%	3.04%	3.30%	3.41%	2.90%
Return on Invested Capital (ROIC)	6.38%	7.02%	14.80%	18.73%	18.58%	13.94%
Return on Capital Employed (ROCE)	4.60%	4.60%	8.00%	8.50%	9.30%	8.20%
Earnings Yield	3.36%	3.29%	4.68%	7.86%	7.06%	4.66%
FCF Yield	0.54%	0.01%	4.15%	11.30%	2.30%	6.87%
Dividend Yield	5.57%	-	2.77%	4.63%	2.88%	1.93%
Payout Ratio	75.16%	77.76%	62.60%	46.25%	38.77%	33.84%
Buyback Yield / Dilution	0.16%	-1.24%	-0.41%	-0.58%	-1.98%	-0.24%
Total Shareholder Return	5.74%	-1.24%	2.36%	4.06%	0.90%	1.70%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.