Pony Testing 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 7, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Market Capitalization	5,528	5,239	4,170	6,449	9,360	9,276
Market Cap Growth	48.75%	25.65%	-35.35%	-31.09%	0.90%	56.70%
Enterprise Value	4,768	4,585	3,569	5,685	8,130	9,103
Last Close Price	10.13	9.60	7.64	11.72	16.72	19.17
PE Ratio	-	-	-	59.84	29.02	42.11
Forward PE	38.31	106.20	27.44	15.60	25.30	34.89
PS Ratio	4.02	3.84	2.71	2.61	2.49	4.62
PB Ratio	2.00	1.85	1.35	1.86	2.64	4.59
P/TBV Ratio	2.15	1.98	1.52	2.07	2.78	4.91
P/FCF Ratio	511.31	1679.49	-	-	71.31	-
P/OCF Ratio	51.87	48.04	115.75	19.66	15.02	196.20
EV/Sales Ratio	3.49	3.36	2.32	2.30	2.16	4.54
EV/EBITDA Ratio	-	-	-	15.14	15.88	26.31
EV/EBIT Ratio	-	-	-	34.34	24.83	44.63
EV/FCF Ratio	440.98	1469.76	-	-	61.95	-
Debt / Equity Ratio	0.05	0.05	0.08	0.08	0.06	0.15
Debt / EBITDA Ratio	12.22	-	-	0.73	0.41	0.78
Debt / FCF Ratio	13.20	43.83	-	-	1.73	-
Net Debt / Equity Ratio	-0.25	-0.27	-0.24	-0.26	-0.38	-0.11
Net Debt / EBITDA Ratio	36.25	18.38	4.44	-2.40	-2.64	-0.63
Net Debt / FCF Ratio	-63.97	-248.50	5.20	3.93	-10.30	0.49
Asset Turnover	0.40	0.38	0.38	0.56	1.03	0.82
Inventory Turnover	25.70	28.37	40.98	40.63	73.04	59.35
Quick Ratio	3.58	3.43	2.59	2.90	3.08	1.97
Current Ratio	3.83	3.65	2.72	3.01	3.18	2.11
Return on Equity (ROE)	-7.05%	-8.20%	-10.79%	3.11%	11.70%	11.47%
Return on Assets (ROA)	-3.55%	-3.87%	-5.54%	2.33%	5.58%	5.21%
Return on Invested Capital (ROIC)	-9.48%	-10.12%	-14.74%	6.14%	15.33%	11.99%
Return on Capital Employed (ROCE)	-6.80%	-7.70%	-11.60%	4.60%	8.90%	9.70%
Earnings Yield	-3.70%	-4.70%	-8.55%	1.67%	3.45%	2.38%
FCF Yield	0.20%	0.06%	-3.37%	-3.55%	1.40%	-4.75%
Dividend Yield	-	-	-	0.51%	2.20%	0.61%
Payout Ratio	-	-	-	190.53%	21.77%	18.33%
Buyback Yield / Dilution	0.01%	0.03%	0.02%	-3.77%	-12.38%	-20.07%
Total Shareholder Return	0.01%	0.03%	0.02%	-3.26%	-10.18%	-19.46%

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