GF Securities 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 14, 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	145,555	156,938	112,560	98,797	108,344	166,157
Market Cap Growth	37.50%	39.43%	13.93%	-8.81%	-34.80%	48.26%
Last Close Price	19.94	22.02	15.77	13.48	14.30	22.06
PE Ratio	10.24	12.32	12.90	15.70	14.02	15.33
PS Ratio	3.64	4.48	4.39	4.42	4.51	5.08
PB Ratio	0.82	0.97	0.74	0.70	0.87	1.50
P/FCF Ratio	35.97	-	12.19	-	2.20	-
P/OCF Ratio	30.13	-	11.29	-	2.17	-
Debt / Equity Ratio	2.90	2.86	2.44	2.40	2.44	2.37
Debt / FCF Ratio	127.92	-	40.42	-	6.18	-
Net Debt / Equity Ratio	-0.99	-0.73	-0.41	-0.15	0.22	0.03
Net Debt / FCF Ratio	-43.50	4.17	-6.80	2.21	0.55	-0.10
Asset Turnover	0.04	0.04	0.04	0.03	0.04	0.07
Quick Ratio	4.08	2.92	3.58	2.97	1.47	1.79
Current Ratio	4.67	3.33	4.00	3.40	1.83	2.03
Return on Equity (ROE)	10.24%	9.48%	7.18%	5.92%	7.55%	11.31%
Return on Assets (ROA)	1.76%	1.72%	1.46%	1.21%	1.54%	2.43%
Return on Invested Capital (ROIC)	2.66%	2.62%	1.89%	1.56%	1.90%	3.30%
Earnings Yield	10.10%	8.73%	8.56%	7.06%	7.32%	6.53%
FCF Yield	2.78%	-18.16%	8.21%	-9.98%	45.51%	-16.85%
Dividend Yield	3.01%	2.73%	3.17%	2.23%	2.45%	2.27%
Payout Ratio	61.37%	72.05%	92.62%	113.76%	123.40%	75.18%
Buyback Yield / Dilution	-1.53%	-	-	0.08%	0.12%	-
Total Shareholder Return	1.35%	2.73%	3.17%	2.31%	2.56%	2.27%

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