CECEP Solar 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 12, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Market Capitalization	19,798	17,425	18,646	21,813	28,655	33,679
Market Cap Growth	15.37%	-6.55%	-14.52%	-23.87%	-14.92%	54.06%
Enterprise Value	43,648	38,914	37,521	37,922	43,981	55,028
PE Ratio	28.89	21.18	15.22	13.82	20.65	28.32
PS Ratio	4.20	3.52	3.09	2.29	3.10	4.79
PB Ratio	0.82	0.73	0.79	0.95	1.31	2.26
P/FCF Ratio	33.79	63.06	-	-	9.80	26.43
P/OCF Ratio	4.76	4.22	9.87	9.18	5.62	16.39
EV/Sales Ratio	9.25	7.85	6.21	3.98	4.76	7.83
EV/EBITDA Ratio	12.56	11.18	10.27	9.80	11.39	14.92
EV/EBIT Ratio	25.01	20.84	16.76	15.05	17.81	23.36
EV/FCF Ratio	74.51	140.84	-	-	15.04	43.18
Debt / Equity Ratio	1.09	1.00	0.93	0.88	0.96	1.50
Debt / EBITDA Ratio	7.57	6.77	5.90	5.16	5.39	6.01
Debt / FCF Ratio	44.93	86.93	-	-	7.19	17.60
Net Debt / Equity Ratio	0.99	0.91	0.85	0.71	0.63	1.41
Net Debt / EBITDA Ratio	6.98	6.25	5.46	4.20	3.56	5.71
Net Debt / FCF Ratio	40.59	78.68	-11.47	-19.81	4.71	16.53
Quick Ratio	1.87	1.93	2.27	1.97	2.27	1.97
Current Ratio	1.88	1.95	2.31	2.02	2.34	2.03
Asset Turnover	0.09	0.10	0.13	0.20	0.21	0.18
Return on Equity (ROE)	3.00%	3.48%	5.28%	7.04%	7.61%	8.07%
Return on Assets (ROA)	2.08%	2.31%	2.91%	3.36%	3.58%	3.73%
Return on Capital Employed (ROCE)	3.70%	4.20%	5.30%	6.40%	6.40%	7.00%
Earnings Yield	3.62%	4.72%	6.57%	7.24%	4.84%	3.53%
FCF Yield	2.96%	1.59%	-9.33%	-3.76%	10.21%	3.78%
Dividend Yield	1.50%	1.74%	2.44%	2.80%	3.54%	-
Payout Ratio	67.87%	118.11%	95.19%	69.50%	88.22%	108.97%
Buyback Yield / Dilution	-4.35%	-3.16%	0.03%	-15.33%	-12.42%	-0.43%
Total Shareholder Return	-2.84%	-1.42%	2.48%	-12.53%	-8.88%	-0.43%