Toly Bread 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	Mar '26 Mar 5, 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	8,319	10,558	12,243	20,504	27,009	40,126
Market Cap Growth	-10.65%	-13.76%	-40.29%	-24.09%	-32.69%	43.50%
Enterprise Value	9,031	11,516	13,014	20,482	26,469	38,755
Last Close Price	5.20	6.45	7.09	11.54	14.77	21.50
PE Ratio	21.60	20.22	21.33	32.04	35.39	45.45
Forward PE	20.39	16.52	17.15	25.11	28.99	39.85
PS Ratio	1.52	1.73	1.81	3.07	4.26	6.73
PB Ratio	1.59	2.06	2.41	4.08	5.47	8.30
P/TBV Ratio	1.72	2.23	2.62	4.41	5.87	8.94
P/FCF Ratio	18.74	30.95	-	123.19	-	192.49
P/OCF Ratio	8.59	10.58	15.10	19.23	26.64	36.43
EV/Sales Ratio	1.65	1.89	1.93	3.06	4.18	6.50
EV/EBITDA Ratio	11.05	12.34	13.76	21.14	25.19	32.07
EV/EBIT Ratio	16.47	16.45	17.61	25.12	29.11	35.90
EV/FCF Ratio	20.34	33.76	-	123.05	-	185.92
Debt / Equity Ratio	0.22	0.22	0.23	0.13	0.06	0.04
Debt / EBITDA Ratio	1.43	1.17	1.19	0.67	0.27	0.17
Debt / FCF Ratio	2.63	3.26	-	4.03	-	0.99
Net Debt / Equity Ratio	0.14	0.14	0.19	0.02	-0.12	-0.31
Net Debt / EBITDA Ratio	0.89	0.75	1.00	0.09	-0.57	-1.23
Net Debt / FCF Ratio	1.61	2.04	-18.64	0.54	5.76	-7.10
Asset Turnover	0.76	0.86	0.99	1.06	1.08	1.10
Inventory Turnover	24.96	30.59	28.12	27.11	30.09	31.08
Quick Ratio	0.64	0.62	0.58	1.10	1.43	2.61
Current Ratio	0.82	0.76	0.77	1.40	1.70	2.85
Return on Equity (ROE)	7.50%	10.22%	11.35%	12.85%	15.63%	20.59%
Return on Assets (ROA)	4.73%	6.20%	6.76%	8.06%	9.71%	12.41%
Return on Invested Capital (ROIC)	6.55%	8.80%	10.25%	13.53%	18.36%	25.45%
Return on Capital Employed (ROCE)	9.10%	12.20%	12.70%	14.60%	18.10%	22.30%
Earnings Yield	4.63%	4.95%	4.69%	3.12%	2.83%	2.20%
FCF Yield	5.34%	3.23%	-0.41%	0.81%	-0.38%	0.52%
Dividend Yield	2.50%	3.88%	2.54%	2.89%	2.42%	1.98%
Payout Ratio	62.62%	98.65%	97.76%	90.97%	89.42%	74.58%
Buyback Yield / Dilution	-0.02%	0.02%	-0.01%	0.00%	-2.58%	-0.64%
Total Shareholder Return	2.48%	3.90%	2.53%	2.89%	-0.16%	1.33%

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