Shede Spirits 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 12, 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	17,581	21,799	32,218	53,038	75,480	28,420
Market Cap Growth	-9.62%	-32.34%	-39.26%	-29.73%	165.58%	190.76%
Enterprise Value	18,597	20,924	29,661	49,445	72,892	28,149
Last Close Price	53.51	65.41	93.35	152.07	216.23	81.18
PE Ratio	115.65	63.05	18.21	31.47	60.59	48.91
Forward PE	28.61	19.42	14.84	26.49	42.35	45.94
PS Ratio	3.82	4.07	4.55	8.76	15.19	10.51
PB Ratio	2.37	3.06	4.26	8.11	15.11	7.52
P/TBV Ratio	2.65	3.41	4.72	8.80	16.81	8.61
P/FCF Ratio	-	-	-	116.02	37.31	38.04
P/OCF Ratio	-	-	45.07	50.94	33.87	28.50
EV/Sales Ratio	4.04	3.91	4.18	8.16	14.67	10.41
EV/EBITDA Ratio	38.78	28.68	12.51	22.23	42.35	33.25
EV/EBIT Ratio	69.95	37.99	13.33	23.27	44.91	36.48
EV/FCF Ratio	-11.22	-	-	108.16	36.03	37.68
Debt / Equity Ratio	0.29	0.17	0.02	0.01	0.01	0.12
Debt / EBITDA Ratio	4.45	1.65	0.07	0.03	0.04	0.53
Debt / FCF Ratio	-	-	-	0.13	0.03	0.60
Net Debt / Equity Ratio	0.09	-0.05	-0.38	-0.57	-0.66	-0.24
Net Debt / EBITDA Ratio	1.48	-0.44	-1.20	-1.66	-1.93	-1.06
Net Debt / FCF Ratio	-0.42	0.19	17.95	-8.09	-1.64	-1.21
Asset Turnover	0.38	0.47	0.68	0.68	0.68	0.44
Inventory Turnover	0.33	0.38	0.45	0.42	0.41	0.27
Quick Ratio	0.51	0.52	1.06	1.32	1.25	0.89
Current Ratio	1.98	1.83	2.38	2.48	2.19	1.88
Return on Equity (ROE)	1.93%	4.63%	25.11%	29.49%	28.95%	17.30%
Return on Assets (ROA)	1.37%	3.00%	13.29%	14.85%	13.95%	7.89%
Return on Invested Capital (ROIC)	2.29%	6.34%	44.79%	71.24%	53.73%	21.83%
Return on Capital Employed (ROCE)	3.10%	7.10%	28.80%	31.90%	31.90%	20.20%
Earnings Yield	0.85%	1.59%	5.49%	3.18%	1.65%	2.04%
FCF Yield	-9.42%	-7.84%	-0.49%	0.86%	2.68%	2.63%
Dividend Yield	0.79%	0.66%	2.30%	0.99%	0.37%	0.56%
Payout Ratio	118.67%	208.61%	28.37%	15.74%	7.13%	16.09%
Buyback Yield / Dilution	3.91%	0.81%	-0.05%	0.03%	0.51%	0.23%
Total Shareholder Return	4.68%	1.47%	2.26%	1.01%	0.88%	0.78%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.