SPIC Hydropower Ratios and Metrics

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 9, 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	63,732	57,162	10,143	4,740	4,373	6,668
Market Cap Growth	585.33%	463.57%	114.00%	8.39%	-34.43%	19.78%
Enterprise Value	65,326	58,756	11,391	6,735	6,775	9,081
PE Ratio	121.25	107.40	282.04	87.75	-	120.12
PS Ratio	5.24	4.70	2.15	1.12	1.06	1.50
PB Ratio	11.32	10.15	1.82	0.85	0.79	1.20
P/FCF Ratio	-	-	23.82	11.85	24.37	19.58
P/OCF Ratio	-	-	12.34	8.09	14.98	12.34
EV/Sales Ratio	5.38	4.84	2.41	1.58	1.64	2.04
EV/EBITDA Ratio	30.38	27.33	19.47	12.05	13.40	16.20
EV/EBIT Ratio	37.55	33.77	65.07	46.72	73.93	55.60
EV/FCF Ratio	-	-	26.76	16.83	37.76	26.66
Debt / Equity Ratio	0.32	0.32	0.22	0.30	0.40	0.37
Debt / EBITDA Ratio	0.84	0.84	2.06	2.99	4.29	3.70
Debt / FCF Ratio	-	-	2.84	4.20	12.16	6.11
Net Debt / Equity Ratio	0.21	0.21	0.11	0.17	0.29	0.29
Net Debt / EBITDA Ratio	0.55	0.55	1.03	1.73	3.13	2.93
Net Debt / FCF Ratio	-	-	1.42	2.42	8.81	4.82
Quick Ratio	-	-	1.15	1.14	1.06	1.00
Current Ratio	-	-	1.30	1.30	1.22	1.23
Asset Turnover	-	-	0.49	0.42	0.40	0.44
Return on Equity (ROE)	9.49%	9.49%	0.98%	0.82%	-0.71%	1.16%
Return on Assets (ROA)	-	-	1.14%	0.89%	0.55%	1.02%
Return on Capital Employed (ROCE)	-	-	2.80%	2.20%	1.30%	2.30%
Earnings Yield	0.84%	0.93%	0.36%	1.14%	-0.64%	0.83%
FCF Yield	-	-	4.20%	8.44%	4.10%	5.11%
Dividend Yield	-	-	-	0.46%	-	0.25%
Payout Ratio	-	-	199.76%	136.65%	-	-
Buyback Yield / Dilution	-516.63%	-516.63%	6.78%	-9.75%	11.35%	9.65%
Total Shareholder Return	-516.63%	-516.63%	6.78%	-9.29%	11.35%	9.90%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.