Mubang High-Tech Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	48.97	261.12	110.17	50.89	149.93	42.68
Cash & Short-Term Investments	48.97	261.12	110.17	50.89	149.93	42.68
Cash Growth	-82.82%	137.02%	116.48%	-66.06%	251.25%	-54.19%
Accounts Receivable	153.39	138.25	770.51	556.57	89.2	83.9
Other Receivables	203.2	1.71	6.21	0.52	0.07	0.84
Receivables	356.59	139.96	776.72	557.1	89.27	84.74
Inventory	126.15	121.62	321.29	417.25	189.08	194.44
Prepaid Expenses	-	-	-	-	-	1.81
Other Current Assets	133.43	216.87	241.96	72.36	68.61	51.4
Total Current Assets	665.14	739.58	1,450	1,098	496.88	375.07
Property, Plant & Equipment	2,138	2,268	1,973	899.43	341.23	326.54
Long-Term Investments	50	50	50	50.13	40.13	0.13
Goodwill	-	-	782.62	782.62	159.8	310.22
Other Intangible Assets	49.77	52.08	45.05	47.61	10.07	5.29
Long-Term Deferred Tax Assets	90.57	95.49	39.37	4.5	6.88	1.51
Long-Term Deferred Charges	93.16	112.97	21.66	22.36	7.6	8.59
Other Long-Term Assets	237.15	213.74	213.04	272.76	4.5	2.78
Total Assets	3,324	3,532	4,575	3,177	1,067	1,030
Accounts Payable	1,065	879.88	1,262	372.5	27.6	38.6
Accrued Expenses	46.4	18.05	62.47	23.45	9.28	7.58
Short-Term Debt	893.66	988.71	702.95	519.22	5	35.8
Current Portion of Long-Term Debt	-	-	133.53	50.6	2	19.88
Current Portion of Leases	38.36	39.81	61.04	3.4	3.47	-
Current Income Taxes Payable	21.58	17.97	44.27	15.27	1.29	5.2
Current Unearned Revenue	6.1	5.69	56.32	29.51	7.18	33.32
Other Current Liabilities	127.01	114.97	777.31	1,105	4.51	4.62
Total Current Liabilities	2,199	2,065	3,100	2,119	60.33	144.99
Long-Term Debt	-	-	180	52.25	53	99.32
Long-Term Leases	0.1	3.31	22.95	2.69	3.38	-
Long-Term Unearned Revenue	521.17	516.51	514.58	275	5.2	5.65
Long-Term Deferred Tax Liabilities	13.37	14.03	15.82	11.7	0.02	0.03
Total Liabilities	2,733	2,599	3,833	2,461	121.94	249.99
Common Stock	433.64	433.64	342.63	342.63	342.63	296.38
Additional Paid-In Capital	1,724	1,724	412.98	412.98	412.98	136.25
Retained Earnings	-1,515	-1,173	-11.05	-39.21	189.55	347.5
Total Common Equity	642.48	984.19	744.56	716.4	945.16	780.13
Minority Interest	-51.49	-50.85	-2.13	-0.32	-	-
Shareholders' Equity	590.99	933.34	742.43	716.09	945.16	780.13
Total Liabilities & Equity	3,324	3,532	4,575	3,177	1,067	1,030
Total Debt	932.12	1,032	1,100	628.16	66.85	155
Net Cash (Debt)	-883.16	-770.71	-990.29	-577.27	83.07	-112.32
Net Cash Per Share	-2.03	-1.84	-2.80	-1.69	0.25	-0.37
Filing Date Shares Outstanding	433.64	433.64	342.63	342.63	342.63	296.38
Total Common Shares Outstanding	433.64	433.64	342.63	342.63	342.63	296.38
Working Capital	-1,533	-1,326	-1,649	-1,022	436.55	230.07
Book Value Per Share	1.48	2.27	2.17	2.09	2.76	2.63
Tangible Book Value	592.71	932.11	-83.11	-113.83	775.29	464.62
Tangible Book Value Per Share	1.37	2.15	-0.24	-0.33	2.26	1.57
Buildings	-	411.26	453.94	270.49	262.15	250.65
Machinery	-	657.77	565.79	505.71	242.59	224.73
Construction In Progress	-	1,584	1,255	357.58	0.85	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.