Zheshang 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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 26, 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	48,389	55,509	40,045	38,510	51,114	55,295
Market Cap Growth	-6.89%	38.62%	3.98%	-24.66%	-7.56%	49.04%
Last Close Price	10.67	12.01	10.09	9.50	12.40	14.25
PE Ratio	18.84	28.73	22.84	23.28	23.28	33.98
PS Ratio	2.62	3.52	2.28	2.30	3.12	5.23
PB Ratio	1.03	1.52	1.42	1.41	2.14	2.86
P/FCF Ratio	14.21	9.25	7.07	140.46	34.74	-
P/OCF Ratio	12.91	8.83	6.78	73.63	29.62	-
Debt / Equity Ratio	1.83	1.59	2.05	1.87	2.24	1.81
Debt / FCF Ratio	25.28	9.65	10.25	186.07	36.23	-
Net Debt / Equity Ratio	-0.65	-0.71	-1.14	-1.58	-1.45	-1.31
Net Debt / FCF Ratio	-8.95	-4.33	-5.70	-157.72	-23.42	22.26
Asset Turnover	0.10	0.11	0.12	0.13	0.15	0.13
Quick Ratio	1.52	1.58	2.00	1.87	1.58	1.66
Current Ratio	1.79	1.88	2.35	2.19	1.80	1.89
Return on Equity (ROE)	7.68%	6.19%	6.56%	6.65%	10.17%	9.51%
Return on Assets (ROA)	1.61%	1.34%	1.29%	1.30%	2.03%	2.05%
Return on Invested Capital (ROIC)	2.33%	2.17%	2.19%	2.15%	3.20%	3.47%
Earnings Yield	5.29%	3.48%	4.38%	4.29%	4.30%	2.94%
FCF Yield	7.04%	10.81%	14.15%	0.71%	2.88%	-2.05%
Dividend Yield	1.60%	1.25%	1.39%	3.16%	1.05%	-
Payout Ratio	69.73%	68.71%	66.98%	84.61%	65.17%	67.94%
Buyback Yield / Dilution	-7.27%	-0.59%	-3.48%	-6.58%	-9.35%	-3.77%
Total Shareholder Return	-5.67%	0.66%	-2.10%	-3.42%	-8.30%	-3.77%

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