Hwatsing Technology 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	May '26 May 20, 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	105,104	52,961	38,555	29,832	23,952	-
Market Cap Growth	169.66%	37.36%	29.24%	24.55%	-	-
Enterprise Value	101,049	49,231	34,287	25,880	20,253	-
Last Close Price	298.00	150.08	109.02	84.02	67.36	-
PE Ratio	95.82	48.87	37.67	41.22	47.75	-
Forward PE	62.61	32.35	29.16	33.68	38.55	-
PS Ratio	21.29	11.39	11.32	11.90	14.53	-
PB Ratio	13.61	7.10	5.95	5.41	5.00	-
P/TBV Ratio	15.65	8.22	7.08	5.47	5.08	-
P/FCF Ratio	167.96	91.69	46.30	95.19	-	-
P/OCF Ratio	132.24	66.22	33.39	45.69	954.16	-
PEG Ratio	-	0.82	0.94	-	-	-
EV/Sales Ratio	20.47	10.59	10.07	10.32	12.28	-
EV/EBITDA Ratio	81.59	41.79	34.04	36.40	43.38	-
EV/EBIT Ratio	94.04	47.63	37.30	40.46	48.77	-
EV/FCF Ratio	161.47	85.23	41.17	82.58	-	-
Debt / Equity Ratio	0.03	0.05	0.08	0.12	0.04	0.37
Debt / EBITDA Ratio	0.21	0.33	0.50	0.96	0.42	2.20
Debt / FCF Ratio	0.42	0.68	0.60	2.18	-	1.37
Net Debt / Equity Ratio	-0.52	-0.57	-0.63	-0.71	-0.83	-0.64
Net Debt / EBITDA Ratio	-3.29	-3.60	-4.07	-5.49	-8.49	-3.87
Net Debt / FCF Ratio	-6.48	-7.35	-4.93	-12.46	26.46	-2.42
Asset Turnover	0.39	0.37	0.33	0.30	0.30	0.36
Inventory Turnover	0.76	0.75	0.69	0.60	0.45	0.45
Quick Ratio	1.16	1.21	1.28	1.93	1.86	0.56
Current Ratio	2.13	2.11	2.11	2.92	2.88	1.51
Return on Equity (ROE)	15.19%	15.54%	17.06%	14.04%	17.92%	27.99%
Return on Assets (ROA)	5.33%	5.19%	5.51%	4.72%	4.78%	2.95%
Return on Invested Capital (ROIC)	27.80%	33.45%	42.17%	47.98%	67.04%	35.09%
Return on Capital Employed (ROCE)	12.40%	12.30%	12.20%	9.90%	7.80%	7.60%
Earnings Yield	1.04%	2.05%	2.65%	2.43%	2.09%	-
FCF Yield	0.60%	1.09%	2.16%	1.05%	-0.63%	-
Dividend Yield	0.14%	0.27%	0.50%	0.29%	0.22%	-
Payout Ratio	17.68%	12.79%	9.75%	8.71%	1.12%	2.77%
Buyback Yield / Dilution	-0.05%	-0.03%	-0.14%	-11.39%	-19.62%	-6.29%
Total Shareholder Return	0.09%	0.24%	0.36%	-11.10%	-19.40%	-6.29%

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