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	Mar '26 Mar 10, 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	29,163	19,079	12,277	16,992	25,363	9,165
Market Cap Growth	50.00%	55.41%	-27.75%	-33.00%	176.75%	35.99%
Enterprise Value	90,785	79,416	68,793	67,019	67,545	43,668
PE Ratio	60.43	17.36	13.52	25.19	50.72	19.17
PS Ratio	2.19	1.39	0.85	1.14	1.91	0.91
PB Ratio	1.07	0.77	0.62	0.85	1.77	0.81
P/FCF Ratio	-	-	-	26.71	-	-
P/OCF Ratio	4.36	3.49	2.26	2.32	7.38	2.75
EV/Sales Ratio	6.83	5.78	4.76	4.48	5.10	4.34
EV/EBITDA Ratio	13.31	11.25	10.24	10.29	12.48	10.16
EV/EBIT Ratio	33.06	23.92	21.02	20.65	25.77	20.40
EV/FCF Ratio	-917.30	-	-	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	1.61%	5.76%	7.40%	3.97%	1.97%	5.22%
FCF Yield	-0.34%	-7.44%	-10.92%	3.74%	-14.35%	-78.95%
Dividend Yield	0.71%	2.56%	2.59%	-	-	-
Payout Ratio	42.84%	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	-27.16%	-2.53%	4.65%	-6.80%	-21.11%	0.06%

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