Wave Cyber (Shanghai) 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 15, 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	2,890	2,261	1,728	2,596	3,459	4,945
Market Cap Growth	41.46%	30.80%	-33.41%	-24.96%	-30.04%	-
Enterprise Value	2,813	2,146	1,670	2,519	3,362	4,838
Last Close Price	16.72	13.08	9.92	14.61	19.47	27.83
PE Ratio	58.33	49.72	44.79	56.51	110.25	97.96
Forward PE	-	33.32	31.01	-	-	-
PS Ratio	6.84	5.39	4.61	6.76	11.23	13.04
PB Ratio	3.58	2.83	2.24	3.39	4.82	7.23
P/TBV Ratio	3.88	3.07	2.44	3.71	5.31	8.02
P/FCF Ratio	59.76	45.19	182.69	-	-	-
P/OCF Ratio	49.17	41.22	64.84	114.63	93.29	121.35
EV/Sales Ratio	6.66	5.12	4.45	6.56	10.92	12.76
EV/EBITDA Ratio	29.26	24.82	25.10	35.19	69.14	59.47
EV/EBIT Ratio	54.60	48.99	56.44	66.61	155.09	84.75
EV/FCF Ratio	58.16	42.89	176.48	-	-	-
Debt / Equity Ratio	0.00	0	0	0.00	0.03	0.02
Debt / EBITDA Ratio	0.01	0.00	0.00	0.01	0.41	0.18
Debt / FCF Ratio	0.02	0.00	0.02	-	-	-
Net Debt / Equity Ratio	-0.10	-0.10	-0.07	-0.10	-0.14	-0.18
Net Debt / EBITDA Ratio	-0.82	-0.88	-0.84	-1.11	-2.05	-1.48
Net Debt / FCF Ratio	-1.62	-1.53	-5.90	2.93	3.95	1.30
Asset Turnover	0.47	0.47	0.42	0.45	0.38	0.56
Inventory Turnover	2.81	2.79	2.50	2.90	2.39	3.36
Quick Ratio	2.33	2.69	1.27	2.15	1.89	2.89
Current Ratio	3.89	4.05	2.41	3.14	2.83	4.10
Return on Equity (ROE)	6.50%	5.96%	4.80%	6.06%	4.48%	9.05%
Return on Assets (ROA)	3.60%	3.04%	2.07%	2.75%	1.67%	5.30%
Return on Invested Capital (ROIC)	6.54%	5.61%	4.04%	5.60%	3.61%	10.11%
Return on Capital Employed (ROCE)	6.20%	5.40%	3.70%	4.90%	3.00%	8.20%
Earnings Yield	1.74%	2.01%	2.23%	1.77%	0.91%	1.02%
FCF Yield	1.67%	2.21%	0.55%	-1.05%	-0.73%	-1.87%
Payout Ratio	39.94%	44.06%	51.58%	0.37%	0.53%	2.51%
Buyback Yield / Dilution	1.69%	0.28%	0.73%	-1.70%	-17.06%	-13.89%