Diguang International Development Co., Ltd. Financial Ratios — DGNG

Profitability (USD)

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
As of date	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010

Return on Common Equity (%)	- -	- -	- -	- -	13.19	-36.23	-267.26	- -	- -
Return on Assets (%)	- -	-349.87	- -	72.76	4.73	-5.61	-8.56	-13.67	-7.02
Return on Capital (%)	- -	- -	-2,749.54	141.29	12.07	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	109.72	6.64	- -	- -	- -	- -
Gross Margin (%)	100	100	40.96	35.29	32.41	17.04	8.55	8.06	7.66
EBITDA Margin (%)	-33.74	-260.27	28.16	25.83	8.31	-3.74	-3.53	-10.61	-3.16
Operating Margin (%)	-33.74	-260.27	28.16	24.43	6.07	-6.35	-6.84	-14.24	-5.55
Incremental Operating Margin (%)	- -	- -	29.27	16.24	471.63	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	28.09	25.14	6.4	-5.39	-7.81	-16.34	-6.46
Profit Margin (%)	-115.74	-260.27	27.04	23.88	4.86	-6.33	-8.51	-16.34	-6.23
Net Income to Common Margin (%)	-115.74	-260.27	27.04	23.88	4.86	-6.33	-8.51	-16.34	-6.23
Effective Tax Rate (%)	- -	- -	3.76	5.95	20.64	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	6.39	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	12.35	-36.23	-267.26	- -	- -

Credit (USD)

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	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
As of date	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010

Total Debt	- -	- -	- -	- -	- -	- -	4	11	18
ST Debt	- -	- -	- -	- -	- -	- -	4	10	9
LT Debt	- -	- -	- -	- -	- -	- -	- -	1	8
Total Debt/EBITDA	-2.64	-0.1	0.01	0.01	- -	- -	-2.25	-2.39	-8.54
Net Debt/EBITDA	0.77	-0.1	0.01	-1.09	-7.22	9.47	5.43	-1.06	-5.34
Total Debt/EBIT	-2.64	-0.1	0.01	0.01	- -	- -	-1.16	-1.78	-4.86
Net Debt/EBIT	0.77	-0.1	0.01	-1.15	-9.88	5.58	2.8	-0.79	-3.04
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-66.41	- -	- -	52.76	27.44	5.57	0.71	-13.19	-17.08
Long-Term Debt/Equity (%)	146.48	- -	- -	- -	- -	- -	- -	4.71	50.71
Long-Term Debt/Capital (%)	-141.69	- -	- -	- -	- -	- -	- -	13.96	90.29
Long-Term Debt/Total Assets (%)	38.93	- -	- -	- -	- -	- -	- -	1.84	12.79
Total Debt/Equity (%)	146.48	-9.5	-80.18	0.43	- -	- -	16.09	55.28	109.14
Total Debt/Capital (%)	-141.69	-10.5	-23.18	0.51	- -	- -	60.24	163.71	194.34
Total Debt/Total Assets (%)	38.93	- -	- -	0.27	- -	- -	8.2	21.6	27.52
Net Debt to Equity	-42.78	-9.5	-80.18	-67.14	-59.08	-56.49	-38.88	24.63	68.23
Net Debt/Capital (%)	14.62	-10.5	-23.18	-424.13	310.48	139.78	137.56	789.83	447.31
EBITDA	- -	- -	7	9	3	-2	-2	-5	-2
EBITDA-CapEx	- -	- -	7	5	- -	-8	-5	-5	-7
Operating Income (Loss)	- -	- -	7	9	2	-3	-4	-6	-4

Liquidity (USD)

API ChatGPT

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
As of date	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010

Cash Ratio	1.46	- -	- -	1.3	1.69	0.61	0.59	0.2	0.17
Current Ratio	1.77	- -	- -	2.48	2.73	1.45	1.31	1.09	0.96
Quick Ratio	1.56	- -	- -	2.03	2.25	1.12	1	0.68	0.55
CFO/Avg Current Liab	- -	-0.16	-0.18	2.23	0.35	0.2	-0.11	-0.32	-0.04
Common Equity/Total Assets	-66.41	- -	- -	52.76	27.44	5.57	0.71	-13.19	-17.08
Long-Term Debt/Equity (%)	146.48	- -	- -	- -	- -	- -	- -	4.71	50.71
Long-Term Debt/Capital (%)	-141.69	- -	- -	- -	- -	- -	- -	13.96	90.29
Long-Term Debt/Total Assets (%)	38.93	- -	- -	- -	- -	- -	- -	1.84	12.79
Total Debt/Equity (%)	146.48	-9.5	-80.18	0.43	- -	- -	16.09	55.28	109.14
Total Debt/Capital (%)	-141.69	-10.5	-23.18	0.51	- -	- -	60.24	163.71	194.34
Total Debt/Total Assets (%)	38.93	- -	- -	0.27	- -	- -	8.2	21.6	27.52
CFO/Total Liabilities	-31.31	- -	-43.98	112.4	29.75	14	-11.12	-28.83	-2.79
CFO/CapEx	- -	- -	- -	2.32	1.13	0.63	-1.12	-56.72	-0.28
Altman's Z-Score	-0.7	- -	- -	10.67	6.54	2.18	1.02	0.44	0.68

Working Capital (USD)

API ChatGPT

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
As of date	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010

Accounts Receivable Turnover	- -	37.69	- -	11.72	5.49	4.81	4.89	3.69	4.62
Days Sales Outstanding	- -	9.68	- -	31.13	66.44	75.92	74.6	99.03	79.02
Inventory Turnover	- -	- -	- -	13.38	5.9	6.4	6.86	5.5	6.36
Days Inventory Outstanding	- -	- -	- -	27.27	61.84	57	53.23	66.31	57.35
Accounts Payable Turnover	- -	- -	164.04	9.03	3.47	3.06	2.93	2.62	3.14
Accounts Payable Turnover Days	- -	- -	2.23	40.41	105.3	119.13	124.73	139.49	116.25
Cash Conversion Cycle	- -	- -	-2.23	18	22.98	13.79	3.1	25.86	20.11
Inventory to Cash Days	- -	- -	- -	3.86	4.59	18.92	21.37	32.71	21.67
Inventories	- -	- -	- -	3	4	7	7	7	11
Raw Materials	- -	- -	- -	2	2	4	5	6	7
Work In Process	- -	- -	- -	- -	1	2	1	2	3
Finished Goods	- -	- -	- -	2	1	2	4	4	5
Other Inventory	- -	- -	- -	- -	1	1	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
As of date	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010

Market Capitalization	- -	- -	17	93	96	56	1	6	10
- Cash & Cash Equivalents	- -	- -	- -	10	21	16	15	6	7
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	1	1	3	2	2
+ Total Debt	- -	- -	- -	- -	- -	- -	4	11	18
Enterprise Value	- -	- -	17	82	77	42	-7	13	23
Total Capital	- -	- -	- -	12	14	5	7	7	9
Total Debt/Capital (%)	-141.69	-10.5	-23.18	0.51	- -	- -	60.24	163.71	194.34
Total Debt / EV	-3.42	1	- -	- -	- -	- -	-0.65	0.85	0.76
EV/Sales	- -	0.27	0.69	2.29	2.24	0.91	- -	0.3	0.35
EV/EBITDA	- -	- -	2.43	8.88	26.96	- -	- -	- -	- -
EV/EBIT	- -	- -	2.43	9.39	36.89	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	8.53	21.17	10.67	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	5.96	11.22	4.13	- -	- -	6.68
Diluted Market Cap	- -	- -	17	93	96	56	1	6	10
Diluted Enterprise Value	- -	- -	17	83	77	42	-7	13	23
EV per Share	- -	- -	0.92	4.48	3.59	1.84	- -	0.6	1.04
TTM Sales	- -	- -	24	36	34	46	55	44	65
TTM EBITDA	- -	- -	7	9	3	-2	-2	-5	-2
TTM Operating Income	- -	- -	7	9	2	-3	-4	-6	-4
TTM Cash Flow to Firm	- -	- -	- -	10	4	4	-3	-9	-1
TTM Free Cash Flow to Firm	- -	- -	- -	14	7	10	- -	-9	3

Multiples (USD)

API ChatGPT

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y
As of date	12/31/2002	12/31/2003	12/31/2004	12/31/2005	12/31/2006	12/31/2007	12/31/2008	12/31/2009	12/31/2010

Price/Free Cash Flow	- -	- -	-549.63	6.77	14.07	5.6	-4.28	-0.64	2.82
EV/EBIT	- -	- -	2.43	9.39	36.89	- -	- -	- -	- -
Enterprise Value	- -	- -	17	82	77	42	-7	13	23
Low Price	- -	- -	0.92	0.67	3.25	1.15	0.04	0.06	0.2
EV/Sales	- -	0.27	0.69	2.29	2.24	0.91	- -	0.3	0.35
EV/EBITDA	- -	- -	2.43	8.88	26.96	- -	- -	- -	- -
Price/Earnings	- -	- -	2.53	10.9	57.8	- -	- -	- -	- -
Price/Earnings Average	- -	- -	3.23	9.45	125.1	-17.32	-4.68	-0.94	-2.21
Price/Earnings High	- -	- -	4.64	11.61	256.89	-34.9	-11.74	-1.84	-3.16
Price/Earnings Low	- -	- -	2.53	1.43	41.75	-8.92	-0.19	-0.19	-1.09
Price/Book Value	- -	- -	-56.75	7.52	7.47	17.88	3.55	-0.84	-0.89
Price/Book Value Average	- -	- -	-72.57	6.52	16.16	15.97	57.99	-0.99	-0.82
Price/Book Value High	- -	- -	-104.21	8.01	33.18	32.19	145.31	-1.94	-1.18
Price/Book Value Low	- -	- -	-56.75	0.99	5.39	8.23	2.33	-0.2	-0.41
Price/Tangible Book Value	- -	- -	-241.75	6.24	2.77	1.96	0.05	0.28	0.61
Price/Tangible Book Value Average	- -	- -	-309.15	5.41	5.99	1.75	0.81	0.33	0.56
Price/Tangible Book Value High	- -	- -	-443.95	6.64	12.3	3.52	2.03	0.66	0.8
Price/Tangible Book Value Low	- -	- -	-241.75	0.82	2	0.9	0.03	0.07	0.28
Price/Sales	- -	- -	0.68	2.6	2.81	1.23	0.02	0.13	0.15
Price/Sales Average	- -	- -	0.87	2.26	6.08	1.1	0.4	0.15	0.14
Price/Sales High	- -	- -	1.26	2.77	12.49	2.21	1	0.3	0.2
Price/Sales Low	- -	- -	0.68	0.34	2.03	0.56	0.02	0.03	0.07
Price/Cash Flow	- -	- -	-549.63	9.69	26.55	14.46	-0.46	-0.63	-7.32
Price/Cash Flow Average	- -	- -	-702.86	8.4	57.46	12.92	-7.56	-0.74	-6.73
Price/Cash Flow High	- -	- -	-1,009.33	10.32	118.01	26.03	-18.95	-1.46	-9.65
Price/Cash Flow Low	- -	- -	-549.63	1.27	19.18	6.65	-0.3	-0.15	-3.33
Price/Free Cash Flow Average	- -	- -	-702.86	5.87	30.45	5	-70.04	-0.76	2.59
Price/Free Cash Flow High	- -	- -	-1,009.33	7.21	62.54	10.07	-175.52	-1.48	3.71
Price/Free Cash Flow Low	- -	- -	-549.63	0.89	10.16	2.57	-2.81	-0.15	1.28
EV/Sales Average	- -	0.27	0.88	1.98	5.51	0.77	0.25	0.32	0.34
EV/Sales High	- -	0.27	1.26	2.49	11.92	1.89	0.85	0.47	0.4
EV/Sales Low	- -	0.27	0.69	0.06	1.46	0.24	- -	0.2	0.27
EV/EBITDA Average	0.77	-0.1	3.11	7.65	66.32	-20.7	-7.15	-3.04	-10.85
EV/EBITDA High	0.77	-0.1	4.46	9.65	143.42	-50.47	-24.15	-4.43	-12.74
EV/EBITDA Low	0.77	-0.1	2.43	0.24	17.57	-6.49	3.69	-1.88	-8.65
EV/EBIT Average	0.77	-0.1	3.11	8.09	90.75	-12.19	-3.69	-2.26	-6.17
EV/EBIT High	0.77	-0.1	4.46	10.21	196.25	-29.72	-12.47	-3.3	-7.25
EV/EBIT Low	0.77	-0.1	2.43	0.25	24.04	-3.82	1.9	-1.4	-4.92
Last Price	- -	- -	0.92	5.08	4.5	2.5	0.06	0.26	0.44
High Price	- -	- -	1.68	5.42	20	4.5	2.5	0.6	0.58
Enterprise Value Average	- -	- -	21	70	189	36	14	14	22
Enterprise Value High	- -	- -	31	89	408	87	47	21	26
Enterprise Value Low	- -	- -	17	2	50	11	-7	9	18

Shares Outstanding	22	22	22	22	22	22	22	22	22
Diluted Weighted Avg Shares	- -	- -	18	18	21	23	22	22	22
Basic Weighted Avg Shares	- -	- -	18	18	21	23	22	22	22
Revenue per Share	- -	- -	1.34	1.95	1.6	2.04	2.5	2	2.94
EBITDA per Share	- -	- -	0.38	0.5	0.13	-0.08	-0.09	-0.21	-0.09
Operating Income per Share	- -	- -	0.38	0.48	0.1	-0.13	-0.17	-0.28	-0.16
Basic EPS, GAAP	- -	- -	0.36	0.47	0.08	-0.13	-0.21	-0.33	-0.18
Basic EPS from Cont Ops	- -	- -	0.36	0.47	0.08	-0.13	-0.2	-0.33	-0.19
Diluted EPS, GAAP	- -	- -	0.36	0.47	0.08	-0.13	-0.21	-0.33	-0.18
Diluted EPS from Cont Ops	- -	- -	0.36	0.47	0.08	-0.13	-0.2	-0.33	-0.19
Dividend per Share	- -	- -	- -	- -	0.01	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	0.52	0.17	0.17	-0.13	-0.41	-0.06
Free Cash Flow per Basic Share	- -	- -	- -	0.3	0.02	-0.1	-0.25	-0.42	-0.28
Cash & Equivalents per Share	- -	- -	- -	0.61	0.96	0.72	0.68	0.28	0.3
Book Value per Share	- -	- -	-0.02	0.68	0.6	0.14	0.02	-0.31	-0.49
Tangible Book Value per Share	- -	- -	- -	0.82	1.63	1.28	1.23	0.92	0.73

Diguang International Development Co., Ltd.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)