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	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	28,269	14,993	11,962	9,835	6,069	9,532
Market Cap Growth	182.57%	25.34%	21.62%	62.07%	-36.33%	136.75%
Enterprise Value	27,688	14,836	11,665	9,424	5,701	9,462
Last Close Price	117.07	62.09	49.05	39.92	24.47	38.09
PE Ratio	93.63	51.23	47.59	56.53	32.24	55.14
Forward PE	64.32	36.64	38.84	39.33	21.92	42.14
PS Ratio	24.15	13.44	12.46	13.82	9.17	15.26
PB Ratio	15.45	8.79	7.93	7.30	4.93	8.72
P/TBV Ratio	16.05	9.16	8.25	7.58	5.15	9.16
P/FCF Ratio	212.70	95.40	72.44	50.72	70.68	-
P/OCF Ratio	121.43	58.69	46.96	39.83	25.21	62.13
EV/Sales Ratio	23.65	13.30	12.15	13.24	8.61	15.15
EV/EBITDA Ratio	71.27	40.30	37.84	41.08	28.66	47.15
EV/EBIT Ratio	84.83	47.87	45.76	52.43	35.07	53.23
EV/FCF Ratio	208.33	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	1.79	0.45	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	-0.32	-0.42	-0.34	-0.33	-0.35	-0.38
Net Debt / EBITDA Ratio	-1.51	-1.93	-1.68	-1.95	-2.16	-2.09
Net Debt / FCF Ratio	-4.37	-4.52	-3.14	-2.31	-5.01	7.70
Asset Turnover	0.48	0.53	0.52	0.43	0.47	0.52
Inventory Turnover	5.09	5.40	5.99	5.31	5.26	5.50
Quick Ratio	5.70	3.05	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)	8.36%	9.15%	8.55%	6.83%	7.15%	9.27%
Return on Invested Capital (ROIC)	25.57%	27.37%	23.71%	18.65%	21.50%	27.50%
Return on Capital Employed (ROCE)	12.50%	16.80%	15.60%	12.00%	11.90%	15.10%
Earnings Yield	1.07%	1.95%	2.10%	1.77%	3.10%	1.81%
FCF Yield	0.47%	1.05%	1.38%	1.97%	1.42%	-0.57%
Dividend Yield	0.41%	0.80%	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%	-0.06%	-0.45%	0.69%	-0.58%	0.24%
Total Shareholder Return	0.98%	0.74%	0.33%	1.65%	0.38%	0.81%

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