Western Region Gold 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	30,619	24,305	10,507	11,130	11,003	7,898
Market Cap Growth	138.84%	131.32%	-5.59%	1.15%	39.31%	-7.94%
Enterprise Value	35,356	30,336	11,026	10,934	11,087	8,038
Last Close Price	33.61	26.68	11.42	12.03	11.80	12.17
PE Ratio	65.15	51.50	41.43	-	62.01	21.49
PS Ratio	2.26	1.79	1.50	2.49	2.45	1.43
PB Ratio	6.47	5.14	1.76	2.54	2.29	2.03
P/TBV Ratio	101.42	80.51	7.64	4.32	3.76	5.02
P/FCF Ratio	-	-	-	-	131.27	38.09
P/OCF Ratio	-	-	29.54	-	29.94	19.12
EV/Sales Ratio	2.61	2.24	1.58	2.45	2.47	1.45
EV/EBITDA Ratio	27.64	23.74	13.80	25.70	14.87	8.22
EV/EBIT Ratio	44.68	38.34	25.48	-	28.82	13.19
EV/FCF Ratio	-28.25	-	-	-	132.26	38.77
Debt / Equity Ratio	1.34	1.34	0.36	0.18	0.03	0.12
Debt / EBITDA Ratio	4.96	4.96	2.64	1.83	0.17	0.48
Debt / FCF Ratio	-	-	-	-	1.55	2.24
Net Debt / Equity Ratio	1.00	1.00	0.16	0.01	-0.12	-0.03
Net Debt / EBITDA Ratio	3.71	3.71	1.17	0.14	-0.75	-0.13
Net Debt / FCF Ratio	-3.79	-3.79	-2.04	-0.25	-6.64	-0.61
Asset Turnover	1.06	1.06	0.77	0.68	0.74	1.28
Inventory Turnover	8.87	8.87	8.55	7.56	6.78	10.14
Quick Ratio	0.64	0.64	1.01	1.11	1.31	0.78
Current Ratio	1.19	1.19	1.53	1.79	1.91	1.31
Return on Equity (ROE)	8.66%	8.66%	4.90%	-5.96%	5.58%	18.73%
Return on Assets (ROA)	3.85%	3.85%	2.99%	-1.21%	3.93%	8.81%
Return on Invested Capital (ROIC)	5.66%	6.94%	5.87%	-2.91%	7.89%	20.18%
Return on Capital Employed (ROCE)	8.10%	8.10%	4.70%	-2.30%	7.10%	13.40%
Earnings Yield	1.54%	1.94%	2.41%	-2.46%	1.61%	4.65%
FCF Yield	-4.09%	-5.15%	-4.35%	-2.23%	0.76%	2.63%
Dividend Yield	0.46%	0.58%	0.04%	-	0.49%	0.29%
Payout Ratio	31.26%	31.26%	25.70%	-	27.22%	65.72%
Buyback Yield / Dilution	0.69%	0.69%	-0.38%	-12.86%	-4.04%	-22.86%
Total Shareholder Return	1.15%	1.28%	-0.33%	-12.86%	-3.55%	-22.58%

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