Shenzhen Topband 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 5, 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	15,563	16,809	12,321	13,120	23,216	9,188
Market Cap Growth	-16.83%	36.42%	-6.09%	-43.49%	152.67%	62.21%
Enterprise Value	15,093	15,793	11,395	12,075	22,157	9,243
Last Close Price	12.67	13.54	9.66	10.21	18.27	7.89
PE Ratio	28.34	25.03	23.90	22.50	41.09	17.27
Forward PE	18.72	19.67	15.96	16.87	27.13	16.58
PS Ratio	1.42	1.60	1.37	1.48	2.99	1.65
PB Ratio	2.20	2.52	1.93	2.25	4.54	2.61
P/TBV Ratio	2.47	2.84	2.21	2.59	5.18	2.99
P/FCF Ratio	156.59	48.88	18.42	-	-	123.98
P/OCF Ratio	17.33	15.39	8.40	26.72	-	14.18
PEG Ratio	-	0.38	0.38	0.38	0.63	0.48
EV/Sales Ratio	1.37	1.50	1.27	1.36	2.85	1.66
EV/EBITDA Ratio	17.24	15.56	15.48	19.26	31.55	11.33
EV/EBIT Ratio	31.39	22.63	24.74	30.53	41.75	13.58
EV/FCF Ratio	151.86	45.93	17.03	-	-	124.72
Debt / Equity Ratio	0.26	0.25	0.18	0.17	0.19	0.17
Debt / EBITDA Ratio	2.13	1.55	1.47	1.54	1.35	0.74
Debt / FCF Ratio	18.79	4.79	1.72	-	-	8.13
Net Debt / Equity Ratio	-0.07	-0.12	-0.17	-0.13	-0.20	-0.24
Net Debt / EBITDA Ratio	-0.57	-0.80	-1.44	-1.17	-1.44	-1.03
Net Debt / FCF Ratio	-4.73	-2.37	-1.58	3.01	0.94	-11.38
Asset Turnover	0.85	0.87	0.83	0.89	0.95	0.94
Inventory Turnover	4.15	4.72	3.87	3.43	3.77	5.25
Quick Ratio	0.90	0.97	1.19	1.22	1.12	1.15
Current Ratio	1.37	1.34	1.64	1.80	1.72	1.54
Return on Equity (ROE)	7.92%	10.30%	8.40%	10.64%	13.26%	17.77%
Return on Assets (ROA)	2.32%	3.63%	2.67%	2.47%	4.05%	7.15%
Return on Invested Capital (ROIC)	6.34%	10.84%	8.58%	7.91%	14.45%	24.25%
Return on Capital Employed (ROCE)	6.40%	10.00%	6.60%	6.00%	9.40%	18.20%
Earnings Yield	3.47%	4.00%	4.18%	4.44%	2.43%	5.79%
FCF Yield	0.64%	2.05%	5.43%	-1.86%	-4.65%	0.81%
Dividend Yield	0.55%	0.52%	0.62%	0.59%	0.27%	0.63%
Payout Ratio	20.12%	17.56%	20.30%	15.80%	14.38%	13.89%
Buyback Yield / Dilution	4.03%	2.91%	0.79%	-5.44%	-15.20%	-0.93%
Total Shareholder Return	4.58%	3.42%	1.41%	-4.85%	-14.92%	-0.30%

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