Shanghai Belling Ratios and Metrics

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 12, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	22,019	28,130	10,055	12,331	18,170	9,806
Market Cap Growth	-17.22%	179.77%	-18.46%	-32.13%	85.30%	-11.01%
Enterprise Value	20,890	26,680	9,099	10,902	16,159	8,333
Last Close Price	31.06	39.47	14.07	17.05	24.87	13.52
PE Ratio	60.90	71.12	-	30.90	24.91	18.57
Forward PE	-	220.69	220.69	220.69	220.69	220.69
PS Ratio	6.97	9.98	4.71	6.03	8.98	7.36
PB Ratio	4.90	6.38	2.48	2.92	4.56	2.95
P/TBV Ratio	5.97	7.81	3.10	3.63	5.30	3.53
P/FCF Ratio	188.70	424.01	113.42	-	48.41	172.92
P/OCF Ratio	140.75	300.65	86.72	-	47.15	129.97
EV/Sales Ratio	6.61	9.47	4.26	5.33	7.98	6.26
EV/EBITDA Ratio	81.14	106.04	63.20	34.80	43.78	49.80
EV/EBIT Ratio	93.63	118.14	80.85	37.23	45.70	54.57
EV/FCF Ratio	179.03	402.16	102.64	-	43.05	146.96
Debt / Equity Ratio	0.01	0.01	0.01	0.01	0.01	0.00
Debt / EBITDA Ratio	0.13	0.16	0.36	0.08	0.08	0.01
Debt / FCF Ratio	0.29	0.65	0.64	-	0.08	0.04
Net Debt / Equity Ratio	-0.25	-0.34	-0.27	-0.34	-0.51	-0.32
Net Debt / EBITDA Ratio	-4.61	-5.90	-7.71	-4.58	-5.56	-6.30
Net Debt / FCF Ratio	-9.68	-22.38	-12.52	5.99	-5.46	-18.61
Asset Turnover	0.63	0.56	0.43	0.42	0.47	0.36
Inventory Turnover	2.50	2.67	2.21	2.55	3.80	3.55
Quick Ratio	3.67	3.56	2.94	3.46	4.97	4.22
Current Ratio	5.77	4.73	4.13	4.75	5.83	5.14
Return on Equity (ROE)	8.26%	9.34%	-1.45%	9.74%	20.18%	16.61%
Return on Assets (ROA)	2.76%	2.78%	1.43%	3.80%	5.18%	2.56%
Return on Invested Capital (ROIC)	6.64%	7.69%	3.92%	11.57%	16.19%	7.37%
Return on Capital Employed (ROCE)	4.80%	5.00%	2.70%	6.70%	8.50%	4.30%
Earnings Yield	1.64%	1.41%	-0.60%	3.24%	4.01%	5.38%
FCF Yield	0.53%	0.24%	0.88%	-1.94%	2.07%	0.58%
Dividend Yield	0.55%	0.43%	0.71%	1.17%	0.80%	0.96%
Payout Ratio	33.34%	17.92%	-	35.70%	12.72%	14.73%
Buyback Yield / Dilution	-8.80%	-5.56%	4.42%	1.13%	-0.57%	-0.91%
Total Shareholder Return	-8.26%	-5.13%	5.13%	2.30%	0.23%	0.05%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.