Xiamen Changelight 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	Apr '26 Apr 28, 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	28,871	24,780	9,203	6,712	5,711	6,359
Market Cap Growth	192.01%	169.26%	37.12%	17.53%	-10.20%	50.31%
Enterprise Value	28,819	24,877	9,620	6,621	4,969	8,603
Last Close Price	32.11	27.56	10.31	7.32	6.29	8.93
PE Ratio	267.58	216.14	95.78	212.35	-	34.04
Forward PE	-	6.20	6.20	6.20	6.20	6.20
PS Ratio	9.52	7.29	3.78	2.81	3.36	3.38
PB Ratio	6.64	5.76	2.24	1.61	1.40	2.46
P/TBV Ratio	6.84	5.95	2.33	1.68	1.46	2.64
P/FCF Ratio	132.43	60.57	31.67	297.16	22.74	16.95
P/OCF Ratio	77.39	44.26	16.86	24.80	12.05	11.52
EV/Sales Ratio	9.50	7.32	3.95	2.77	2.93	4.58
EV/EBITDA Ratio	59.65	51.22	18.83	16.35	14.45	14.20
EV/EBIT Ratio	-	448.29	143.76	-	-	39.78
EV/FCF Ratio	132.19	60.81	33.11	293.14	19.78	22.93
Debt / Equity Ratio	0.21	0.21	0.35	0.35	0.35	0.59
Debt / EBITDA Ratio	1.89	1.82	2.76	3.62	4.11	2.50
Debt / FCF Ratio	4.19	2.21	4.95	65.18	5.69	4.06
Net Debt / Equity Ratio	-0.01	-0.03	0.06	0.07	-0.04	0.42
Net Debt / EBITDA Ratio	-0.11	-0.29	0.50	0.69	-0.54	1.81
Net Debt / FCF Ratio	-0.24	-0.34	0.88	12.38	-0.74	2.92
Asset Turnover	0.47	0.52	0.37	0.35	0.26	0.31
Inventory Turnover	3.64	4.42	3.94	4.28	2.98	3.40
Quick Ratio	1.21	1.16	1.17	1.55	1.47	0.67
Current Ratio	1.79	1.70	1.50	1.89	1.78	0.95
Return on Equity (ROE)	2.74%	2.72%	2.32%	0.77%	-1.54%	7.52%
Return on Assets (ROA)	0.42%	0.53%	0.63%	-0.09%	-0.43%	2.20%
Return on Invested Capital (ROIC)	1.04%	1.30%	1.52%	-0.24%	-1.19%	4.77%
Return on Capital Employed (ROCE)	0.90%	1.20%	1.40%	-0.20%	-0.90%	5.90%
Earnings Yield	0.40%	0.46%	1.04%	0.47%	-0.88%	2.94%
FCF Yield	0.76%	1.65%	3.16%	0.34%	4.40%	5.90%
Dividend Yield	0.15%	0.18%	0.45%	-	-	0.17%
Payout Ratio	47.46%	51.74%	42.45%	197.53%	-	54.15%
Buyback Yield / Dilution	7.68%	0.56%	8.80%	-25.55%	-16.78%	-1.87%
Total Shareholder Return	7.84%	0.75%	9.25%	-25.55%	-16.78%	-1.70%

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