Shenzhen VMAX New Energy 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	Jun '26 Jun 17, 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	13,297	13,821	9,909	16,396	-	-
Market Cap Growth	25.10%	39.47%	-39.56%	-	-	-
Enterprise Value	10,791	11,505	7,974	14,396	-	-
Last Close Price	31.72	32.38	22.79	36.59	-	-
PE Ratio	22.66	24.75	24.76	32.64	-	-
Forward PE	19.58	15.91	14.99	24.99	-	-
PS Ratio	2.09	2.18	1.56	2.97	-	-
PB Ratio	3.54	3.81	3.03	4.83	-	-
P/TBV Ratio	3.62	3.90	3.11	4.98	-	-
P/FCF Ratio	121.86	33.82	13.06	78.30	-	-
P/OCF Ratio	24.20	16.63	9.65	22.54	-	-
EV/Sales Ratio	1.70	1.81	1.25	2.61	-	-
EV/EBITDA Ratio	13.71	15.85	14.71	22.94	-	-
EV/EBIT Ratio	17.38	19.75	19.28	26.88	-	-
EV/FCF Ratio	98.90	28.15	10.51	68.75	-	-
Debt / Equity Ratio	0.08	0.13	0.18	0.18	0.49	0.32
Debt / EBITDA Ratio	0.38	0.62	1.07	0.99	1.31	1.80
Debt / FCF Ratio	2.73	1.13	0.76	2.96	-	10.50
Net Debt / Equity Ratio	-0.67	-0.72	-0.73	-0.61	-0.02	-0.17
Net Debt / EBITDA Ratio	-3.26	-3.62	-4.40	-3.32	-0.06	-1.01
Net Debt / FCF Ratio	-22.96	-6.43	-3.14	-9.96	0.08	-5.56
Asset Turnover	0.83	0.80	0.85	0.98	1.20	0.99
Inventory Turnover	5.81	5.13	5.15	4.18	4.08	3.75
Quick Ratio	1.35	1.23	1.29	1.32	0.77	0.88
Current Ratio	1.62	1.51	1.52	1.69	1.16	1.29
Return on Equity (ROE)	16.60%	16.21%	12.35%	22.58%	32.96%	12.57%
Return on Assets (ROA)	5.09%	4.60%	3.46%	5.93%	6.66%	3.47%
Return on Invested Capital (ROIC)	46.73%	52.61%	31.14%	41.54%	36.71%	12.57%
Return on Capital Employed (ROCE)	15.00%	14.60%	11.40%	14.30%	24.40%	10.10%
Earnings Yield	4.43%	4.04%	4.04%	3.06%	-	-
FCF Yield	0.82%	2.96%	7.66%	1.28%	-	-
Dividend Yield	2.08%	2.04%	2.70%	1.64%	-	-
Payout Ratio	25.60%	27.08%	90.81%	3.03%	4.82%	14.00%
Buyback Yield / Dilution	0.02%	0.35%	-6.49%	-4.70%	-5.73%	-29.68%
Total Shareholder Return	1.99%	2.38%	-3.78%	-3.06%	-5.73%	-29.68%