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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 6, 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	3,007	2,834	2,705	3,266	3,189	2,679
Market Cap Growth	20.00%	4.79%	-17.20%	2.44%	19.03%	-0.64%
Enterprise Value	13,760	13,440	12,905	12,582	11,142	10,478
Last Close Price	3.48	3.28	3.13	3.78	3.60	2.92
PE Ratio	-	-	-	-	9.31	7.11
Forward PE	-	8.91	8.91	8.91	8.91	8.91
PS Ratio	0.51	0.47	0.25	0.28	0.30	0.39
PB Ratio	1.39	1.21	0.72	0.70	0.62	0.59
P/TBV Ratio	2.13	1.81	0.94	0.84	0.73	0.65
P/FCF Ratio	4.08	5.24	-	3.21	2.30	4.05
P/OCF Ratio	4.08	5.24	-	3.20	2.29	4.00
EV/Sales Ratio	2.31	2.21	1.20	1.09	1.06	1.51
EV/EBITDA Ratio	-	77.73	-	539.70	9.59	20.44
EV/EBIT Ratio	-	91.56	-	1093.26	9.69	20.88
EV/FCF Ratio	18.69	24.86	-	12.35	8.03	15.84
Debt / Equity Ratio	5.13	5.11	3.72	2.72	2.54	3.31
Debt / EBITDA Ratio	271.42	68.00	-	485.29	11.17	29.18
Debt / FCF Ratio	15.11	22.10	-	12.54	9.37	22.76
Net Debt / Equity Ratio	4.61	4.31	2.71	1.67	1.45	1.65
Net Debt / EBITDA Ratio	261.73	58.22	-125.56	337.23	6.40	14.62
Net Debt / FCF Ratio	13.58	18.62	-11.74	7.72	5.36	11.33
Asset Turnover	0.25	0.24	0.34	0.31	0.26	0.19
Inventory Turnover	0.31	0.29	0.45	0.40	0.29	0.22
Quick Ratio	0.20	0.23	0.29	0.30	0.28	0.36
Current Ratio	1.77	1.62	1.56	1.50	1.45	1.39
Return on Equity (ROE)	-48.36%	-42.34%	-22.96%	-6.21%	14.49%	9.54%
Return on Assets (ROA)	0.02%	0.36%	-0.18%	0.02%	1.76%	0.83%
Return on Invested Capital (ROIC)	0.06%	1.11%	-0.68%	0.09%	6.14%	3.72%
Return on Capital Employed (ROCE)	0.10%	1.50%	-0.80%	0.10%	8.40%	4.00%
Earnings Yield	-46.43%	-45.90%	-37.71%	-11.95%	10.75%	14.07%
FCF Yield	24.48%	19.07%	-32.23%	31.20%	43.54%	24.69%
Dividend Yield	-	-	-	-	3.30%	4.49%
Payout Ratio	-	-	-	-	357.95%	312.97%
Buyback Yield / Dilution	0.04%	0.00%	-0.01%	0.02%	-0.02%	0.00%
Total Shareholder Return	0.04%	0.00%	-0.01%	0.02%	3.28%	4.50%

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