SPIC Green 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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 12, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Market Capitalization	24,811	19,079	12,277	16,992	25,363	9,165
Market Cap Growth	32.30%	55.41%	-27.75%	-33.00%	176.75%	35.99%
Enterprise Value	86,433	79,416	68,793	67,019	67,545	43,668
PE Ratio	51.41	17.36	13.52	25.19	50.72	19.17
PS Ratio	1.87	1.39	0.85	1.14	1.91	0.91
PB Ratio	0.91	0.77	0.62	0.85	1.77	0.81
P/FCF Ratio	-	-	-	26.71	-	-
P/OCF Ratio	3.71	3.49	2.26	2.32	7.38	2.75
EV/Sales Ratio	6.50	5.78	4.76	4.48	5.10	4.34
EV/EBITDA Ratio	12.67	11.25	10.24	10.29	12.48	10.16
EV/EBIT Ratio	31.47	23.92	21.02	20.65	25.77	20.40
EV/FCF Ratio	-873.32	-	-	105.34	-	-
Debt / Equity Ratio	2.02	2.10	2.61	2.30	3.03	3.14
Debt / EBITDA Ratio	8.03	7.30	7.56	6.98	7.98	8.24
Debt / FCF Ratio	-	-	-	72.24	-	-
Net Debt / Equity Ratio	1.91	2.07	2.55	2.24	2.97	3.09
Net Debt / EBITDA Ratio	7.74	7.29	7.49	6.85	7.86	8.12
Net Debt / FCF Ratio	-524.88	-36.29	-37.53	70.12	-11.69	-4.83
Quick Ratio	0.76	0.49	0.56	0.65	0.49	0.45
Current Ratio	0.82	0.54	0.63	0.68	0.56	0.52
Asset Turnover	0.16	0.17	0.20	0.22	0.22	0.20
Return on Equity (ROE)	4.54%	7.56%	7.88%	6.90%	6.69%	7.22%
Return on Assets (ROA)	2.03%	2.60%	2.76%	2.93%	2.67%	2.71%
Return on Capital Employed (ROCE)	3.90%	5.60%	5.50%	6.00%	5.80%	5.50%
Earnings Yield	1.89%	5.76%	7.40%	3.97%	1.97%	5.22%
FCF Yield	-0.40%	-7.44%	-10.92%	3.74%	-14.35%	-78.95%
Dividend Yield	0.83%	2.56%	2.59%	-	-	-
Payout Ratio	351.75%	152.28%	155.56%	267.92%	305.93%	260.55%
Buyback Yield / Dilution	-27.87%	-5.08%	2.07%	-6.80%	-21.11%	0.06%
Total Shareholder Return	-27.04%	-2.53%	4.65%	-6.80%	-21.11%	0.06%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.