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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 29, 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	44,670	49,024	55,509	40,045	38,510	51,114
Market Cap Growth	-13.82%	-11.68%	38.62%	3.98%	-24.66%	-7.56%
Last Close Price	9.85	10.74	12.01	10.09	9.50	12.40
PE Ratio	16.99	20.32	28.73	22.84	23.28	23.28
PS Ratio	4.73	5.58	8.62	2.28	2.30	3.12
PB Ratio	0.92	1.04	1.52	1.42	1.41	2.14
P/FCF Ratio	10.29	-	9.25	7.07	140.46	34.74
P/OCF Ratio	9.28	-	8.83	6.78	73.63	29.62
Debt / Equity Ratio	1.96	1.96	1.59	2.05	1.87	2.24
Debt / FCF Ratio	21.83	-	9.65	10.25	186.07	36.23
Net Debt / Equity Ratio	-0.63	-0.57	-0.71	-1.14	-1.58	-1.45
Net Debt / FCF Ratio	-7.04	7.13	-4.33	-5.70	-157.72	-23.42
Asset Turnover	0.05	0.05	0.04	0.12	0.13	0.15
Quick Ratio	1.49	1.57	1.68	2.07	1.87	1.58
Current Ratio	1.85	1.85	1.99	2.44	2.19	1.80
Return on Equity (ROE)	7.26%	6.78%	6.19%	6.56%	6.65%	10.17%
Return on Assets (ROA)	1.48%	1.50%	1.34%	1.29%	1.30%	2.03%
Return on Invested Capital (ROIC)	2.16%	2.41%	2.17%	2.19%	2.15%	3.20%
Earnings Yield	5.84%	4.92%	3.48%	4.38%	4.29%	4.30%
FCF Yield	9.72%	-7.72%	10.81%	14.15%	0.71%	2.88%
Dividend Yield	1.73%	1.58%	1.25%	1.39%	3.16%	1.05%
Payout Ratio	74.78%	75.95%	68.71%	66.98%	84.61%	65.17%
Buyback Yield / Dilution	-3.65%	-8.38%	-0.59%	-3.48%	-6.58%	-9.35%
Total Shareholder Return	-1.93%	-6.80%	0.66%	-2.10%	-3.42%	-8.30%

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