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	Jul '26 Jul 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	53,044	57,162	10,143	4,740	4,373	6,668
Market Cap Growth	445.66%	463.57%	114.00%	8.39%	-34.43%	19.78%
Enterprise Value	85,000	58,756	11,391	6,735	6,775	9,081
PE Ratio	66.96	107.40	12.57	87.75	-	120.12
PS Ratio	4.58	4.70	0.70	1.12	1.06	1.50
PB Ratio	2.51	2.77	0.32	0.85	0.79	1.20
P/FCF Ratio	106.58	96.81	30.70	11.85	24.37	19.58
P/OCF Ratio	11.83	11.65	1.78	8.09	14.98	12.34
EV/Sales Ratio	7.33	4.84	0.79	1.58	1.64	2.04
EV/EBITDA Ratio	15.78	10.20	1.48	12.05	13.40	16.20
EV/EBIT Ratio	34.64	22.37	3.15	46.72	73.93	55.60
EV/FCF Ratio	170.78	99.51	34.48	16.83	37.76	26.66
Debt / Equity Ratio	1.38	1.39	1.50	0.30	0.40	0.37
Debt / EBITDA Ratio	5.44	4.95	6.11	2.99	4.29	3.70
Debt / FCF Ratio	58.84	48.55	142.74	4.20	12.16	6.11
Net Debt / Equity Ratio	1.33	1.35	1.45	0.17	0.29	0.29
Net Debt / EBITDA Ratio	5.28	4.83	5.94	1.73	3.13	2.93
Net Debt / FCF Ratio	56.73	47.17	138.31	2.42	8.81	4.82
Quick Ratio	0.52	0.46	0.53	1.14	1.06	1.00
Current Ratio	0.57	0.50	0.58	1.30	1.22	1.23
Asset Turnover	0.31	0.16	0.30	0.42	0.40	0.44
Return on Equity (ROE)	9.03%	3.98%	8.67%	0.82%	-0.71%	1.16%
Return on Assets (ROA)	4.13%	2.16%	4.61%	0.89%	0.55%	1.02%
Return on Capital Employed (ROCE)	5.70%	6.20%	5.50%	2.20%	1.30%	2.30%
Earnings Yield	1.47%	0.93%	7.96%	1.14%	-0.64%	0.83%
FCF Yield	0.94%	1.03%	3.26%	8.44%	4.10%	5.11%
Dividend Yield	0.50%	0.47%	-	0.47%	-	0.25%
Payout Ratio	121.72%	162.36%	179.31%	136.65%	-	-
Buyback Yield / Dilution	21.86%	1.10%	-481.20%	-9.75%	11.35%	9.65%
Total Shareholder Return	22.36%	1.57%	-481.20%	-9.29%	11.35%	9.90%