Tande 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	3,128	2,705	3,266	3,189	2,679	2,696
Market Cap Growth	18.30%	-17.20%	2.44%	19.03%	-0.64%	-15.68%
Enterprise Value	13,734	12,905	12,582	11,142	10,478	11,910
Last Close Price	3.62	3.13	3.78	3.60	2.92	2.79
PE Ratio	-	-	-	9.31	7.11	8.20
Forward PE	-	8.91	8.91	8.91	8.91	8.91
PS Ratio	0.28	0.25	0.28	0.30	0.39	0.51
PB Ratio	0.87	0.72	0.70	0.62	0.59	0.64
P/TBV Ratio	1.18	0.94	0.84	0.73	0.65	0.69
P/FCF Ratio	7.69	-	3.21	2.30	4.05	0.70
P/OCF Ratio	7.67	-	3.20	2.29	4.00	0.70
EV/Sales Ratio	1.25	1.20	1.09	1.06	1.51	2.25
EV/EBITDA Ratio	-	-	539.70	9.59	20.44	29.19
EV/EBIT Ratio	-	-	1093.26	9.69	20.88	29.98
EV/FCF Ratio	33.75	-	12.35	8.03	15.84	3.08
Debt / Equity Ratio	3.33	3.72	2.72	2.54	3.31	2.42
Debt / EBITDA Ratio	-	-	485.29	11.17	29.18	25.11
Debt / FCF Ratio	29.40	-	12.54	9.37	22.76	2.65
Net Debt / Equity Ratio	2.69	2.71	1.67	1.45	1.65	0.72
Net Debt / EBITDA Ratio	-52.53	-125.56	337.23	6.40	14.62	7.45
Net Debt / FCF Ratio	23.76	-11.74	7.72	5.36	11.33	0.79
Asset Turnover	0.35	0.34	0.31	0.26	0.19	0.17
Inventory Turnover	0.46	0.45	0.40	0.29	0.22	0.20
Quick Ratio	0.25	0.29	0.30	0.28	0.36	0.45
Current Ratio	1.68	1.56	1.50	1.45	1.39	1.68
Return on Equity (ROE)	-29.81%	-22.96%	-6.21%	14.49%	9.54%	8.46%
Return on Assets (ROA)	-0.38%	-0.18%	0.02%	1.76%	0.83%	0.79%
Return on Invested Capital (ROIC)	-1.41%	-0.68%	0.09%	6.14%	3.72%	3.02%
Return on Capital Employed (ROCE)	-1.70%	-0.80%	0.10%	8.40%	4.00%	2.70%
Earnings Yield	-42.83%	-37.71%	-11.95%	10.75%	14.07%	12.20%
FCF Yield	13.01%	-32.23%	31.20%	43.54%	24.69%	143.54%
Dividend Yield	-	-	-	3.30%	4.49%	5.45%
Payout Ratio	-	-	-	357.95%	312.97%	360.23%
Buyback Yield / Dilution	0.14%	-0.01%	0.02%	-0.02%	0.00%	0.01%
Total Shareholder Return	0.14%	-0.01%	0.02%	3.28%	4.50%	5.46%

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