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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 20, 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	31,623	34,368	31,509	27,277	27,677	41,687
Market Cap Growth	15.93%	9.07%	15.51%	-1.45%	-33.61%	19.90%
Enterprise Value	13,548	14,430	16,377	20,554	21,341	39,224
Last Close Price	5.53	6.01	5.42	4.58	4.60	6.85
PE Ratio	12.48	13.58	20.02	19.99	25.15	34.06
Forward PE	-	10.19	10.19	10.19	10.19	10.19
PS Ratio	2.59	2.88	2.79	2.50	2.55	4.39
PB Ratio	1.11	1.24	1.25	1.16	1.25	1.95
P/TBV Ratio	1.35	1.50	1.51	1.41	1.53	2.36
P/FCF Ratio	8.60	21.28	7.56	44.92	24.28	64.68
P/OCF Ratio	8.26	19.43	7.25	33.96	21.51	54.75
PEG Ratio	-	0.56	0.56	0.56	0.56	0.56
EV/Sales Ratio	1.13	1.21	1.45	1.89	1.97	4.14
EV/EBITDA Ratio	4.41	4.77	5.56	6.66	7.38	14.13
EV/EBIT Ratio	4.77	5.11	5.90	7.15	7.88	15.10
EV/FCF Ratio	3.68	8.94	3.93	33.85	18.72	60.86
Debt / Equity Ratio	0.24	0.19	0.33	0.41	0.45	0.48
Debt / EBITDA Ratio	2.16	1.72	2.78	3.02	3.36	3.64
Debt / FCF Ratio	1.85	3.30	2.02	15.73	8.73	15.99
Net Debt / Equity Ratio	-0.77	-0.69	-0.77	-0.67	-0.51	-0.43
Net Debt / EBITDA Ratio	-7.17	-6.35	-6.59	-5.11	-3.90	-3.34
Net Debt / FCF Ratio	-5.98	-11.90	-4.66	-25.99	-9.88	-14.39
Asset Turnover	0.26	0.26	0.25	0.25	0.24	0.22
Inventory Turnover	5.11	5.85	5.45	5.23	5.94	5.69
Quick Ratio	1.63	1.52	1.51	1.45	1.18	1.09
Current Ratio	2.05	2.13	1.87	1.76	1.54	1.45
Return on Equity (ROE)	11.20%	12.54%	8.43%	7.89%	6.87%	7.51%
Return on Assets (ROA)	3.78%	3.77%	3.82%	4.04%	3.78%	3.84%
Return on Invested Capital (ROIC)	27.53%	28.53%	29.15%	24.25%	18.31%	16.95%
Return on Capital Employed (ROCE)	9.80%	10.00%	10.80%	12.00%	11.70%	11.60%
Earnings Yield	7.33%	7.36%	5.00%	5.00%	3.98%	2.94%
FCF Yield	11.63%	4.70%	13.22%	2.23%	4.12%	1.55%
Dividend Yield	1.63%	-	1.53%	1.57%	1.24%	0.96%
Payout Ratio	23.72%	31.24%	38.95%	31.30%	43.93%	42.14%
Buyback Yield / Dilution	0.06%	0.21%	-0.28%	0.42%	-0.23%	-3.10%
Total Shareholder Return	1.69%	0.21%	1.25%	1.99%	1.01%	-2.14%

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