ZTE Corporation 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 5, 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	172,112	170,846	180,020	118,615	114,433	146,171
Market Cap Growth	8.78%	-5.10%	51.77%	3.65%	-21.71%	2.85%
Enterprise Value	192,173	184,762	177,340	105,869	107,926	142,194
Last Close Price	38.25	37.84	39.62	25.35	24.44	31.25
PE Ratio	41.50	30.41	21.37	12.72	14.16	21.46
Forward PE	23.19	23.33	20.24	13.53	15.66	22.66
PS Ratio	1.27	1.28	1.48	0.96	0.93	1.28
PB Ratio	2.23	2.26	2.46	1.74	1.92	2.74
P/TBV Ratio	2.43	2.35	2.58	1.82	2.06	3.06
P/FCF Ratio	-	6632.75	24.12	8.85	43.58	14.56
P/OCF Ratio	1937.21	43.60	15.68	6.82	15.10	9.30
EV/Sales Ratio	1.41	1.38	1.46	0.85	0.88	1.24
EV/EBITDA Ratio	26.59	22.98	12.26	7.23	7.93	12.27
EV/EBIT Ratio	36.35	30.83	17.86	10.51	11.30	19.19
EV/FCF Ratio	-51.47	7172.99	23.76	7.90	41.10	14.17
Debt / Equity Ratio	0.90	0.86	0.79	0.85	0.79	0.77
Debt / EBITDA Ratio	9.58	7.63	3.90	3.89	3.36	3.40
Debt / FCF Ratio	-	2535.61	7.78	4.35	17.83	4.07
Net Debt / Equity Ratio	0.26	0.18	0.01	-0.30	-0.17	-0.21
Net Debt / EBITDA Ratio	2.96	1.70	0.03	-1.39	-0.74	-0.97
Net Debt / FCF Ratio	-5.31	530.09	0.06	-1.52	-3.82	-1.12
Asset Turnover	0.61	0.63	0.59	0.65	0.70	0.72
Inventory Turnover	2.01	2.12	1.84	1.70	1.91	2.14
Quick Ratio	0.94	1.03	1.10	1.32	1.08	1.05
Current Ratio	1.66	1.76	1.72	1.91	1.76	1.63
Return on Equity (ROE)	5.91%	7.48%	11.82%	14.45%	13.81%	14.16%
Return on Assets (ROA)	1.49%	1.76%	3.04%	3.30%	3.41%	2.90%
Return on Invested Capital (ROIC)	5.15%	6.50%	14.80%	18.73%	18.58%	13.94%
Return on Capital Employed (ROCE)	3.90%	4.40%	8.00%	8.50%	9.30%	8.20%
Earnings Yield	2.60%	3.29%	4.68%	7.86%	7.06%	4.66%
FCF Yield	-2.17%	0.01%	4.15%	11.30%	2.30%	6.87%
Dividend Yield	1.12%	1.09%	1.56%	2.69%	1.64%	0.96%
Payout Ratio	96.60%	77.24%	62.60%	46.25%	38.77%	33.84%
Buyback Yield / Dilution	-1.35%	-1.14%	-0.41%	-0.58%	-1.98%	-0.24%
Total Shareholder Return	-0.23%	-0.05%	1.14%	2.12%	-0.34%	0.72%

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