Novoray 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	21,112	14,993	11,962	9,835	6,069	9,532
Market Cap Growth	96.07%	25.34%	21.62%	62.07%	-36.33%	136.75%
Enterprise Value	20,917	14,836	11,665	9,424	5,701	9,462
Last Close Price	87.43	62.09	49.05	39.92	24.47	38.09
PE Ratio	69.93	51.23	47.59	56.53	32.24	55.14
Forward PE	48.04	36.64	38.84	39.33	21.92	42.14
PS Ratio	18.03	13.44	12.46	13.82	9.17	15.26
PB Ratio	11.54	8.79	7.93	7.30	4.93	8.72
P/TBV Ratio	11.99	9.16	8.25	7.58	5.15	9.16
P/FCF Ratio	158.85	95.40	72.44	50.72	70.68	-
P/OCF Ratio	90.69	58.69	46.96	39.83	25.21	62.13
EV/Sales Ratio	17.87	13.30	12.15	13.24	8.61	15.15
EV/EBITDA Ratio	51.32	38.34	38.14	41.08	28.66	47.15
EV/EBIT Ratio	61.00	45.50	45.76	52.43	35.07	53.23
EV/FCF Ratio	157.38	94.40	70.64	48.60	66.40	-
Debt / Equity Ratio	0.38	0.10	0.08	0.09	0.03	0.00
Debt / EBITDA Ratio	1.71	0.43	0.40	0.51	0.16	0.00
Debt / FCF Ratio	5.24	1.07	0.74	0.61	0.36	-
Net Debt / Equity Ratio	-0.11	-0.10	-0.34	-0.33	-0.35	-0.38
Net Debt / EBITDA Ratio	-0.48	-0.46	-1.70	-1.95	-2.16	-2.09
Net Debt / FCF Ratio	-1.47	-1.14	-3.14	-2.31	-5.01	7.70
Asset Turnover	0.48	0.53	0.52	0.43	0.47	0.52
Inventory Turnover	5.07	5.38	5.99	5.31	5.26	5.50
Quick Ratio	4.44	1.78	2.97	3.44	4.37	5.58
Current Ratio	6.69	3.41	3.29	3.79	4.84	6.27
Return on Equity (ROE)	17.72%	18.21%	17.61%	13.50%	16.20%	16.80%
Return on Assets (ROA)	8.79%	9.63%	8.55%	6.83%	7.15%	9.27%
Return on Invested Capital (ROIC)	19.07%	22.71%	23.71%	18.65%	21.50%	27.50%
Return on Capital Employed (ROCE)	13.20%	17.70%	15.60%	12.00%	11.90%	15.10%
Earnings Yield	1.43%	1.95%	2.10%	1.77%	3.10%	1.81%
FCF Yield	0.63%	1.05%	1.38%	1.97%	1.42%	-0.57%
Dividend Yield	0.44%	-	0.78%	0.96%	0.96%	0.57%
Payout Ratio	30.84%	31.77%	37.79%	32.85%	27.77%	24.87%
Buyback Yield / Dilution	0.58%	0.08%	-0.60%	0.69%	-0.58%	0.24%
Total Shareholder Return	1.03%	0.08%	0.19%	1.65%	0.38%	0.81%

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