Variable

Name

Description

X1

Net profit margin (%)

net margin/operating income × 100%

X2

Return on total assets (annualized) (%)

net margin/Total average assets × 100%

X3

Earnings per share (yuan)

basic earnings attributable to ordinary shareholders /weighted average number of ordinary shares outstanding during the year

X4

Total assets turnover

operating income/total assets

X5

Accounts receivable turnover

Net credit sales/average balance of accounts receivable

X6

Inventory turnover ratio

operating income/Average stock balance

X7

Liquid ratio

current assets/current liabilities

X8

Quick ratio

quick assets/current liabilities

X9

Cash ratio

(currency capital + financial assets held for trading)/ current liabilities