| Variable name | Symbol | Common factor | ||
|
| Profitability f1 | Solvency f2 | Operating capacity f3 | |
| Net profit margin (%) | x1 | 0.357 | −0.071 | −0.070 |
| Return on total assets (annualized) (%) | x2 | 0.328 | −0.026 | −0.032 |
| Earnings per share (yuan) | x3 | 0.366 | −0.099 | −0.065 |
| Total assets turnover | x4 | −0.047 | 0.071 | 0.377 |
| Accounts receivable turnover | x5 | −0.129 | 0.076 | 0.391 |
| Inventory turnover ratio | x6 | 0.019 | 0.044 | 0.346 |
| Liquid ratio | x7 | −0.073 | 0.358 | 0.035 |
| Quick ratio | x8 | −0.062 | 0.359 | 0.046 |
| Cash ratio | x9 | −0.071 | 0.376 | 0.104 |