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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 5, 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	59,571	10,143	4,740	4,373	6,668	5,567
Market Cap Growth	526.89%	114.00%	8.39%	-34.43%	19.78%	25.75%
Enterprise Value	61,165	11,391	6,735	6,775	9,081	7,472
PE Ratio	16450.62	282.04	87.75	-	120.12	211.41
PS Ratio	13.06	2.15	1.12	1.06	1.50	1.51
PB Ratio	10.58	1.82	0.85	0.79	1.20	1.01
P/FCF Ratio	-	23.82	11.85	24.37	19.58	-
P/OCF Ratio	87.97	12.34	8.09	14.98	12.34	62.41
EV/Sales Ratio	13.41	2.41	1.58	1.64	2.04	2.03
EV/EBITDA Ratio	118.82	19.47	12.05	13.40	16.20	17.39
EV/EBIT Ratio	-	65.07	46.72	73.93	55.60	111.74
EV/FCF Ratio	-142.77	26.76	16.83	37.76	26.66	-
Debt / Equity Ratio	0.32	0.22	0.30	0.40	0.37	0.29
Debt / EBITDA Ratio	3.53	2.06	2.99	4.29	3.70	3.74
Debt / FCF Ratio	-	2.84	4.20	12.16	6.11	-
Quick Ratio	1.20	1.15	1.14	1.06	1.00	0.99
Current Ratio	1.43	1.30	1.30	1.22	1.23	1.23
Asset Turnover	0.47	0.49	0.42	0.40	0.44	0.39
Return on Equity (ROE)	0.30%	0.98%	0.82%	-0.71%	1.16%	0.74%
Return on Assets (ROA)	0.68%	1.14%	0.89%	0.55%	1.02%	0.45%
Return on Capital Employed (ROCE)	1.50%	2.80%	2.20%	1.30%	2.30%	1.10%
Earnings Yield	0.01%	0.36%	1.14%	-0.64%	0.83%	0.47%
FCF Yield	-0.72%	4.20%	8.44%	4.10%	5.11%	-11.29%
Dividend Yield	-	-	0.46%	-	0.25%	0.16%
Payout Ratio	1170.42%	199.76%	136.65%	-	-	333.45%
Buyback Yield / Dilution	6.83%	6.78%	-9.75%	11.35%	9.65%	-10.64%
Total Shareholder Return	6.83%	6.78%	-9.29%	11.35%	9.90%	-10.49%

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