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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 13, 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	24,774	20,458	19,079	12,277	16,992	25,363
Market Cap Growth	30.34%	7.22%	55.41%	-27.75%	-33.00%	176.75%
Enterprise Value	88,924	82,080	79,416	68,793	67,019	67,545
PE Ratio	148.97	39.74	17.36	13.52	25.19	50.72
PS Ratio	1.93	1.56	1.39	0.85	1.14	1.91
PB Ratio	0.91	0.76	0.77	0.62	0.85	1.77
P/FCF Ratio	15.07	16.38	-	-	26.71	-
P/OCF Ratio	3.52	2.91	3.49	2.26	2.32	7.38
EV/Sales Ratio	6.91	6.26	5.78	4.76	4.48	5.10
EV/EBITDA Ratio	13.55	12.08	11.22	10.24	10.29	12.48
EV/EBIT Ratio	37.87	29.69	23.89	21.02	20.65	25.77
EV/FCF Ratio	54.09	65.74	-	-	105.34	-
Debt / Equity Ratio	2.08	2.05	2.10	2.61	2.30	3.03
Debt / EBITDA Ratio	8.64	8.02	7.29	7.56	6.98	7.98
Debt / FCF Ratio	34.49	44.38	-	-	72.24	-
Net Debt / Equity Ratio	2.00	1.97	2.07	2.55	2.24	2.97
Net Debt / EBITDA Ratio	8.45	7.81	7.27	7.49	6.85	7.86
Net Debt / FCF Ratio	33.14	42.54	-36.29	-37.53	70.12	-11.69
Quick Ratio	0.57	0.61	0.49	0.56	0.65	0.49
Current Ratio	0.60	0.65	0.54	0.63	0.68	0.56
Asset Turnover	0.14	0.15	0.17	0.20	0.22	0.22
Return on Equity (ROE)	2.71%	4.37%	7.56%	7.88%	6.90%	6.69%
Return on Assets (ROA)	1.66%	2.01%	2.60%	2.76%	2.93%	2.67%
Return on Capital Employed (ROCE)	3.60%	4.10%	5.60%	5.50%	6.00%	5.80%
Earnings Yield	0.67%	2.52%	5.76%	7.40%	3.97%	1.97%
FCF Yield	6.64%	6.10%	-7.44%	-10.92%	3.74%	-14.35%
Dividend Yield	0.80%	1.01%	2.56%	2.59%	-	-
Payout Ratio	676.39%	217.71%	152.28%	155.56%	267.92%	305.93%
Buyback Yield / Dilution	-16.47%	-27.12%	-5.08%	2.07%	-6.80%	-21.11%
Total Shareholder Return	-15.65%	-26.11%	-2.53%	4.65%	-6.80%	-21.11%

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