T&S Communications 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 9, 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	28,285	25,705	16,173	8,799	3,227	4,005
Market Cap Growth	35.68%	58.94%	83.80%	172.71%	-19.44%	2.08%
Enterprise Value	27,593	24,985	15,434	8,198	2,761	3,370
Last Close Price	127.15	115.55	72.06	38.08	13.96	17.00
PE Ratio	96.33	85.98	61.90	56.74	17.92	55.82
Forward PE	57.27	27.53	27.53	27.53	27.53	27.53
PS Ratio	18.29	16.62	11.74	9.95	3.46	6.20
PB Ratio	16.23	14.75	10.37	6.41	2.44	3.34
P/TBV Ratio	17.07	15.51	10.81	6.69	2.56	3.54
P/FCF Ratio	282.24	256.49	126.91	83.92	40.00	88.97
P/OCF Ratio	186.03	169.06	88.03	76.52	30.68	57.94
EV/Sales Ratio	17.84	16.15	11.20	9.27	2.96	5.21
EV/EBITDA Ratio	75.68	68.77	53.12	53.03	16.41	32.46
EV/EBIT Ratio	83.64	75.73	59.85	68.89	20.66	47.19
EV/FCF Ratio	275.33	249.30	121.11	78.19	34.23	74.86
Debt / Equity Ratio	0.01	0.01	0.00	0	0.00	0.00
Debt / EBITDA Ratio	0.03	0.03	0.01	0.00	0.01	0.01
Debt / FCF Ratio	0.11	0.11	0.02	0.00	0.01	0.03
Net Debt / Equity Ratio	-0.42	-0.42	-0.55	-0.49	-0.46	-0.53
Net Debt / EBITDA Ratio	-2.00	-2.00	-2.96	-4.39	-3.59	-6.07
Net Debt / FCF Ratio	-7.27	-7.27	-6.75	-6.47	-7.50	-14.00
Asset Turnover	0.76	0.76	0.75	0.55	0.64	0.46
Inventory Turnover	3.27	3.27	3.59	3.02	3.37	2.97
Quick Ratio	4.13	4.13	3.27	3.81	4.10	5.99
Current Ratio	4.99	4.99	4.04	4.56	5.16	7.23
Return on Equity (ROE)	18.62%	18.62%	18.40%	11.26%	14.16%	5.68%
Return on Assets (ROA)	10.06%	10.06%	8.78%	4.60%	5.75%	3.21%
Return on Invested Capital (ROIC)	29.71%	33.85%	32.85%	15.59%	18.40%	10.29%
Return on Capital Employed (ROCE)	18.70%	18.70%	16.40%	8.60%	10.00%	5.90%
Earnings Yield	1.06%	1.16%	1.62%	1.76%	5.58%	1.79%
FCF Yield	0.35%	0.39%	0.79%	1.19%	2.50%	1.12%
Dividend Yield	0.78%	0.86%	1.11%	1.31%	3.58%	1.76%
Payout Ratio	60.78%	60.78%	43.47%	72.64%	37.18%	93.29%
Buyback Yield / Dilution	0.30%	0.30%	-1.07%	1.38%	-1.63%	2.14%
Total Shareholder Return	1.12%	1.17%	0.04%	2.69%	1.95%	3.90%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.