Keystone Technology 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	515.4	706.64	415.38	451.57	439.81	156.35
Trading Asset Securities	80.84	6.31	50.38	119.06	58.32	7.5
Cash & Short-Term Investments	596.24	712.95	465.76	570.64	498.13	163.85
Cash Growth	-27.05%	53.07%	-18.38%	14.56%	204.00%	67.02%
Accounts Receivable	369.55	405.24	264.59	341.14	330.55	373.84
Other Receivables	33.5	150.15	97.62	7.55	17.97	7.57
Receivables	403.05	555.39	362.21	348.69	348.52	381.41
Inventory	110.73	120.03	133.7	104.91	105.31	82.47
Prepaid Expenses	-	-	-	0.35	-	-
Other Current Assets	166.77	7.02	17.34	2.98	1.44	5.69
Total Current Assets	1,277	1,395	979	1,028	953.4	633.42
Property, Plant & Equipment	1,492	1,150	315.18	291.74	239.92	158.77
Long-Term Investments	-	-	-	-	4	4
Other Intangible Assets	62.95	46.56	47.85	34.7	35.75	36.6
Long-Term Deferred Tax Assets	50.3	25.42	11.27	6.77	7.85	4.15
Long-Term Deferred Charges	1.32	0.94	1.48	1.51	1.87	5.71
Other Long-Term Assets	76.27	233.11	374.97	6.56	4.65	7.13
Total Assets	2,959	2,851	1,730	1,369	1,247	849.8
Accounts Payable	241.32	271.3	153.99	221.46	183.04	263.85
Accrued Expenses	11.37	27.15	17.7	16.48	19.79	15.19
Short-Term Debt	496.36	385.2	225.21	70.5	49.32	156.46
Current Portion of Long-Term Debt	47.64	96.67	73.8	-	-	-
Current Portion of Leases	-	4.36	2.94	1.84	1.31	-
Current Income Taxes Payable	7	1.24	0.34	2.11	8.12	4.75
Current Unearned Revenue	3.65	1.82	1.68	1.06	0.29	0.17
Other Current Liabilities	252.09	145.98	67.36	33.49	29.39	32.68
Total Current Liabilities	1,059	933.71	543.02	346.94	291.26	473.1
Long-Term Debt	771.02	810.02	121.1	-	-	-
Long-Term Leases	0.56	1.5	3.13	4.65	1.58	-
Long-Term Unearned Revenue	104.29	64.82	8.83	11.37	22.4	0.95
Total Liabilities	1,935	1,810	676.07	362.97	315.24	474.05
Common Stock	73.47	73.48	73.61	73.1	73.1	54.82
Additional Paid-In Capital	650.99	649.48	644.14	629.42	627.34	187.67
Retained Earnings	307.48	326.29	347.02	303	232.03	133.37
Treasury Stock	-8.34	-8.67	-11.56	-	-	-
Comprehensive Income & Other	0.45	0.54	0.46	0.35	-0.27	-0.12
Total Common Equity	1,024	1,041	1,054	1,006	932.19	375.75
Minority Interest	-	-0	-	-	-	-
Shareholders' Equity	1,024	1,041	1,054	1,006	932.19	375.75
Total Liabilities & Equity	2,959	2,851	1,730	1,369	1,247	849.8
Total Debt	1,316	1,298	426.18	76.99	52.2	156.46
Net Cash (Debt)	-719.33	-584.81	39.58	493.65	445.92	7.4
Net Cash Growth	-	-	-91.98%	10.70%	5926.40%	-84.93%
Net Cash Per Share	-9.86	-7.95	0.54	6.77	7.32	0.14
Filing Date Shares Outstanding	73.47	73.48	73.61	73.1	73.1	54.82
Total Common Shares Outstanding	73.47	73.48	73.61	73.1	73.1	54.82
Working Capital	217.36	461.68	435.98	680.62	662.13	160.33
Book Value Per Share	13.94	14.17	14.31	13.76	12.75	6.85
Tangible Book Value	961.09	994.56	1,006	971.17	896.44	339.15
Tangible Book Value Per Share	13.08	13.53	13.66	13.29	12.26	6.19
Buildings	-	269.79	147.09	119.62	107.12	98.8
Machinery	-	696.29	220.56	154.2	121.24	87.38
Construction In Progress	-	301.39	32.91	80.11	55.36	7.01

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