Wedge Industrial 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	2020 - 2016
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	2021 - 2017
Market Capitalization	19,632	10,612	6,111	6,524	7,059	8,893	Upgrade
Market Cap Growth	162.53%	73.65%	-6.33%	-7.58%	-20.63%	32.19%	Upgrade
Enterprise Value	21,536	12,398	7,711	7,306	7,525	9,201	Upgrade
PE Ratio	102.46	53.86	31.71	36.95	69.38	93.32	Upgrade
PS Ratio	14.93	8.22	5.66	6.65	8.89	13.55	Upgrade
PB Ratio	10.24	6.00	3.94	5.00	5.69	8.09	Upgrade
P/OCF Ratio	177.71	93.68	53.48	68.86	36.22	65.07	Upgrade
EV/Sales Ratio	16.37	9.61	7.15	7.44	9.48	14.02	Upgrade
EV/EBITDA Ratio	60.00	35.51	25.78	30.69	40.92	71.25	Upgrade
EV/EBIT Ratio	81.97	47.60	34.97	42.23	59.33	123.51	Upgrade
Debt / Equity Ratio	1.33	1.07	1.07	0.83	0.52	0.45	Upgrade
Debt / EBITDA Ratio	7.12	5.33	5.42	4.41	3.42	3.59	Upgrade
Net Debt / Equity Ratio	0.89	0.89	0.82	0.63	0.29	0.15	Upgrade
Net Debt / EBITDA Ratio	4.82	4.51	4.26	3.44	1.94	1.31	Upgrade
Net Debt / FCF Ratio	-5.88	-4.96	-2.70	-2.77	-2.43	-1.01	Upgrade
Quick Ratio	1.18	0.66	0.83	0.77	0.90	0.85	Upgrade
Current Ratio	1.61	1.06	1.25	1.10	1.16	1.14	Upgrade
Asset Turnover	0.28	0.30	0.30	0.35	0.35	0.31	Upgrade
Return on Equity (ROE)	9.68%	10.22%	13.08%	14.84%	9.03%	8.50%	Upgrade
Return on Assets (ROA)	3.47%	3.80%	3.89%	3.89%	3.48%	2.20%	Upgrade
Return on Capital Employed (ROCE)	6.50%	8.00%	7.40%	7.50%	6.90%	4.80%	Upgrade
Earnings Yield	1.03%	1.86%	3.15%	2.71%	1.44%	1.07%	Upgrade
FCF Yield	-1.48%	-2.99%	-7.73%	-4.54%	-2.08%	-1.88%	Upgrade
Dividend Yield	0.13%	-	0.39%	0.93%	0.36%	0.29%	Upgrade
Payout Ratio	49.04%	51.54%	61.26%	32.75%	54.23%	65.68%	Upgrade
Buyback Yield / Dilution	0.23%	0.70%	-0.81%	0.17%	-0.91%	-2.19%	Upgrade
Total Shareholder Return	0.35%	0.70%	-0.42%	1.10%	-0.55%	-1.90%	Upgrade

Source: S&P Capital IQ. Utility template. Financial Sources.