Liqun Commercial Group 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 23, 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	3,396	4,081	4,551	4,639	5,319	5,327
Market Cap Growth	-19.26%	-10.31%	-1.91%	-12.79%	-0.14%	-8.57%
Enterprise Value	9,598	10,484	11,324	11,503	12,625	10,879
Last Close Price	3.85	4.88	5.04	5.40	6.08	5.86
PE Ratio	-	-	167.07	155.79	-	66.41
Forward PE	-	36.19	36.19	36.19	36.19	39.94
PS Ratio	0.50	0.60	0.61	0.60	0.68	0.66
PB Ratio	0.84	1.01	1.05	1.10	1.25	1.18
P/TBV Ratio	1.12	1.34	1.38	1.47	1.76	1.63
P/FCF Ratio	4.05	4.87	7.56	4.86	-	-
P/OCF Ratio	3.21	3.86	5.46	3.47	9.26	8.47
EV/Sales Ratio	1.42	1.55	1.52	1.49	1.61	1.35
EV/EBITDA Ratio	16.05	20.27	14.35	15.56	21.60	19.17
EV/EBIT Ratio	100.35	109.61	30.99	36.17	69.96	50.20
EV/FCF Ratio	11.44	12.50	18.82	12.04	-	-
Debt / Equity Ratio	1.78	1.78	1.77	1.87	1.96	1.70
Debt / EBITDA Ratio	11.96	11.96	7.28	7.62	9.63	8.64
Debt / FCF Ratio	8.53	8.53	12.80	8.26	-	-
Net Debt / Equity Ratio	1.54	1.54	1.56	1.70	1.79	1.54
Net Debt / EBITDA Ratio	11.97	11.97	8.59	9.72	13.02	12.24
Net Debt / FCF Ratio	7.38	7.38	11.26	7.52	-49.96	-21.31
Asset Turnover	0.44	0.44	0.45	0.45	0.45	0.54
Inventory Turnover	1.94	1.94	1.95	2.06	2.53	3.23
Quick Ratio	0.14	0.14	0.18	0.16	0.18	0.22
Current Ratio	0.49	0.49	0.61	0.59	0.56	0.57
Return on Equity (ROE)	-8.13%	-8.13%	0.43%	0.55%	-3.95%	1.72%
Return on Assets (ROA)	0.39%	0.39%	1.39%	1.16%	0.65%	0.90%
Return on Invested Capital (ROIC)	0.92%	0.90%	0.78%	0.84%	1.55%	0.70%
Return on Capital Employed (ROCE)	1.60%	1.60%	4.60%	3.70%	2.00%	2.40%
Earnings Yield	-9.48%	-7.89%	0.60%	0.64%	-3.25%	1.51%
FCF Yield	24.70%	20.55%	13.23%	20.60%	-2.86%	-6.12%
Dividend Yield	0.52%	-	0.40%	0.56%	1.65%	2.56%
Payout Ratio	-	-	738.62%	898.83%	-	161.97%
Buyback Yield / Dilution	37.79%	37.79%	8.52%	-72.28%	13.82%	-5.26%
Total Shareholder Return	38.31%	37.79%	8.92%	-71.73%	15.46%	-2.71%

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