COMP <GO>

NAMI vs EDU // EV/EBITDA & P/E VALUATION

Jinxin Technology Holding Company (NASDAQ) VS. New Oriental Education & Technology Group Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) (NYSE) • 15-METRIC TALLY: NAMI 1 — EDU 9

■ METRIC PARITY

NAMI — Jinxin Technology Holding Company ROARABLE E • RQD 29/100

LAST: $1.90 (+3.26%) • MKT CAP: $7.2M

DES <GO> FA <GO> 10-K RED <GO>

valuation

—

EDU — New Oriental Education & Technology Group Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) ROARABLE B- • RQD 70/100

LAST: $49.09 (-3.21%) • MKT CAP: $7.61B

DES <GO> FA <GO> 10-K RED <GO>

valuation

9.3x

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NAMI VS. EDU) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	NAMI	EDU	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	11.00%	54.60%	-43.60	EDU	/gross-margins <GO>
Return on Invested Capital (ROIC)	-35.00%	21.30%	-56.30	EDU	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	9.3x	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	10.25%	—	TIE	/fcf-yield <GO>
Operating Margin	-25.20%	11.40%	-36.60	EDU	/operating-margins <GO>
Net Profit Margin	-22.80%	8.40%	-31.20	EDU	/net-margins <GO>
Revenue Growth (YoY)	6.10%	15.50%	-9.40	EDU	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	1.27%	-1.27	EDU	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	0.20	4.92	-4.72	EDU	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	9/9	-6.00	EDU	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	42.4	26.9	+15.54	NAMI	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	0.96	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	13.4x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$7.2M	$7.61B	-$7.60B	EDU	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	NAMI REV	EDU REV	NAMI GROSS %	EDU GROSS %	NAMI FCF	EDU FCF
FY 2025	$59.1M	$5.66B	11.0%	54.6%	-$3.6M	$780.2M
FY 2024	$55.7M	$4.90B	28.8%	55.4%	$3.4M	$654.7M
FY 2023	—	$4.31B	—	—	—	$928.5M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

NAMI // BETA —

EDU // BETA 0.96