Zhongtai Securities 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	Apr '26 Apr 15, 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	48,144	51,469	45,784	47,805	44,669	69,477
Market Cap Growth	6.94%	12.42%	-4.23%	7.02%	-35.71%	-46.11%
Last Close Price	6.08	6.50	6.54	6.79	6.32	9.75
PE Ratio	33.78	35.87	48.85	26.56	75.68	21.71
PS Ratio	4.23	4.52	4.26	3.81	4.87	5.36
PB Ratio	0.91	0.97	1.01	1.13	1.13	1.87
P/FCF Ratio	4.33	4.63	1.68	-	3.01	-
P/OCF Ratio	4.16	4.44	1.65	-	2.70	30.58
Debt / Equity Ratio	1.74	1.74	2.03	2.05	2.26	2.74
Debt / FCF Ratio	8.28	8.28	3.37	-	6.05	-
Net Debt / Equity Ratio	-0.84	-0.84	-0.35	-0.13	-0.13	-0.28
Net Debt / FCF Ratio	-4.01	-4.01	-0.57	3.35	-0.36	47.06
Asset Turnover	0.05	0.05	0.05	0.06	0.05	0.07
Quick Ratio	1.23	1.23	1.03	1.25	1.15	1.25
Current Ratio	1.41	1.41	1.24	1.53	1.44	1.43
Return on Equity (ROE)	3.41%	3.41%	2.47%	5.03%	1.83%	9.22%
Return on Assets (ROA)	0.70%	0.70%	0.51%	1.04%	0.35%	1.74%
Return on Invested Capital (ROIC)	1.17%	1.19%	0.88%	1.80%	0.75%	2.90%
Earnings Yield	2.98%	2.79%	2.05%	3.77%	1.32%	4.61%
FCF Yield	23.10%	21.60%	59.64%	-3.48%	33.18%	-0.32%
Dividend Yield	0.82%	-	0.53%	0.44%	0.41%	0.65%
Payout Ratio	144.15%	144.14%	257.43%	131.70%	442.85%	84.73%
Buyback Yield / Dilution	6.46%	6.46%	-13.62%	-1.65%	-6.05%	0.83%
Total Shareholder Return	7.27%	6.46%	-13.09%	-1.21%	-5.64%	1.47%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.