State Grid Yingda 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 26, 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	42,431	31,509	27,277	27,677	41,687	34,768
Market Cap Growth	42.69%	15.51%	-1.45%	-33.61%	19.90%	211.13%
Enterprise Value	22,493	16,377	20,554	21,341	39,224	31,855
Last Close Price	7.42	5.42	4.58	4.60	6.85	5.66
PE Ratio	18.06	20.02	19.99	25.15	34.06	29.56
Forward PE	-	10.19	10.19	10.19	10.19	10.19
PS Ratio	3.70	2.79	2.50	2.55	4.39	4.30
PB Ratio	1.54	1.25	1.16	1.25	1.95	1.74
P/TBV Ratio	1.88	1.51	1.41	1.53	2.36	2.09
P/FCF Ratio	-	7.56	44.92	24.28	64.68	-
P/OCF Ratio	-	7.25	33.96	21.51	54.75	-
PEG Ratio	-	0.56	0.56	0.56	0.56	0.56
EV/Sales Ratio	1.96	1.45	1.89	1.97	4.14	3.94
EV/EBITDA Ratio	7.56	5.56	6.66	7.38	14.13	14.71
EV/EBIT Ratio	8.15	5.90	7.15	7.88	15.10	15.92
EV/FCF Ratio	-13.07	3.93	33.85	18.72	60.86	-
Debt / Equity Ratio	0.20	0.33	0.41	0.45	0.48	0.39
Debt / EBITDA Ratio	1.89	2.78	3.02	3.36	3.64	3.60
Debt / FCF Ratio	-	2.02	15.73	8.73	15.99	-
Net Debt / Equity Ratio	-0.88	-0.77	-0.67	-0.51	-0.43	-0.43
Net Debt / EBITDA Ratio	-8.41	-6.59	-5.11	-3.90	-3.34	-3.99
Net Debt / FCF Ratio	14.16	-4.66	-25.99	-9.88	-14.39	33.50
Asset Turnover	0.24	0.25	0.25	0.24	0.22	0.22
Inventory Turnover	4.38	5.45	5.23	5.94	5.69	5.48
Quick Ratio	1.58	1.51	1.45	1.18	1.09	1.20
Current Ratio	1.97	1.87	1.76	1.54	1.45	1.50
Return on Equity (ROE)	11.61%	8.43%	7.89%	6.87%	7.51%	8.21%
Return on Assets (ROA)	3.66%	3.82%	4.04%	3.78%	3.84%	3.44%
Return on Invested Capital (ROIC)	39.74%	29.15%	24.25%	18.31%	16.95%	15.16%
Return on Capital Employed (ROCE)	9.80%	10.80%	12.00%	11.70%	11.60%	9.30%
Earnings Yield	5.55%	5.00%	5.00%	3.98%	2.94%	3.38%
FCF Yield	-4.06%	13.22%	2.23%	4.12%	1.55%	-0.74%
Dividend Yield	1.30%	1.53%	1.57%	1.24%	0.96%	1.10%
Payout Ratio	30.94%	38.95%	31.30%	43.93%	42.14%	31.93%
Buyback Yield / Dilution	-0.44%	-0.28%	0.42%	-0.23%	-3.10%	-4.80%
Total Shareholder Return	0.89%	1.25%	1.99%	1.01%	-2.14%	-3.71%

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