CSD Water Service 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 24, 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	2,908	1,642	2,523	2,308	2,286	2,225
Market Cap Growth	67.75%	-34.92%	9.29%	0.97%	2.73%	10.87%
Enterprise Value	4,203	3,225	3,826	3,439	3,456	3,107
Last Close Price	11.39	6.43	9.64	8.64	10.59	10.23
PE Ratio	-	-	15.44	19.18	13.92	16.17
Forward PE	-	10.85	13.26	11.67	12.15	71.66
PS Ratio	2.71	1.55	1.58	1.61	1.56	1.37
PB Ratio	1.75	1.01	1.32	1.29	1.74	1.91
P/TBV Ratio	5.49	3.68	4.14	5.12	-	-
P/FCF Ratio	10.51	10.31	17.42	-	-	65.65
P/OCF Ratio	10.25	8.95	12.75	434.05	36.41	6.97
EV/Sales Ratio	3.92	3.05	2.39	2.40	2.36	1.91
EV/EBITDA Ratio	47.02	311.17	12.36	13.13	10.93	10.79
EV/EBIT Ratio	-	-	15.57	17.61	13.29	13.40
EV/FCF Ratio	15.19	20.24	26.42	-	-	91.65
Debt / Equity Ratio	0.91	1.10	0.95	0.95	1.10	0.75
Debt / EBITDA Ratio	19.54	90.89	5.68	6.17	4.41	3.04
Debt / FCF Ratio	5.47	11.17	12.54	-	-	25.80
Net Debt / Equity Ratio	0.72	0.69	0.60	0.62	0.88	0.55
Net Debt / EBITDA Ratio	17.55	106.92	3.69	4.23	3.66	2.23
Net Debt / FCF Ratio	4.33	6.96	7.89	-8.81	-5.53	18.90
Asset Turnover	0.24	0.22	0.34	0.35	0.43	0.54
Inventory Turnover	11.02	20.31	32.01	29.94	33.61	7.87
Quick Ratio	1.14	1.14	1.29	1.37	0.95	0.87
Current Ratio	1.24	1.18	1.37	1.43	0.99	0.93
Return on Equity (ROE)	-4.76%	-7.63%	9.45%	8.34%	15.20%	15.40%
Return on Assets (ROA)	-0.06%	-0.77%	3.25%	2.96%	4.75%	4.78%
Return on Invested Capital (ROIC)	-0.16%	-2.03%	7.05%	6.17%	10.72%	12.13%
Return on Capital Employed (ROCE)	-0.20%	-2.30%	8.40%	6.70%	12.00%	12.80%
Earnings Yield	-2.30%	-7.12%	6.48%	5.21%	7.18%	6.19%
FCF Yield	9.52%	9.70%	5.74%	-5.45%	-9.16%	1.52%
Dividend Yield	-	-	1.99%	2.20%	1.82%	0.68%
Payout Ratio	-	-	81.85%	105.90%	55.01%	53.77%
Buyback Yield / Dilution	-13.48%	0.44%	-3.98%	-21.12%	-0.15%	-0.19%
Total Shareholder Return	-13.48%	0.44%	-1.99%	-18.92%	1.67%	0.49%

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