Keystone Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	440.26	354.24	706.64	415.38	451.57	439.81
Trading Asset Securities	49.71	19.78	6.31	50.38	119.06	58.32
Cash & Short-Term Investments	489.97	374.02	712.95	465.76	570.64	498.13
Cash Growth	-28.14%	-47.54%	53.07%	-18.38%	14.56%	204.00%
Accounts Receivable	355.05	374.6	405.24	264.59	341.14	330.55
Other Receivables	31.87	207.85	150.15	97.62	7.55	17.97
Receivables	386.92	582.45	555.39	362.21	348.69	348.52
Inventory	120.05	107.24	120.03	133.7	104.91	105.31
Prepaid Expenses	-	-	-	-	0.35	-
Other Current Assets	185.59	4.18	7.02	17.34	2.98	1.44
Total Current Assets	1,183	1,068	1,395	979	1,028	953.4
Property, Plant & Equipment	1,566	1,599	1,150	315.18	291.74	239.92
Long-Term Investments	-	-	-	-	-	4
Other Intangible Assets	61.24	62.93	46.56	47.85	34.7	35.75
Long-Term Deferred Tax Assets	49.61	43.29	25.42	11.27	6.77	7.85
Long-Term Deferred Charges	0.65	0.71	0.94	1.48	1.51	1.87
Other Long-Term Assets	0.44	0.58	233.11	374.97	6.56	4.65
Total Assets	2,861	2,774	2,851	1,730	1,369	1,247
Accounts Payable	269.15	261.95	271.3	153.99	221.46	183.04
Accrued Expenses	11.38	30.43	27.15	17.7	16.48	19.79
Short-Term Debt	501.35	391.31	385.2	225.21	70.5	49.32
Current Portion of Long-Term Debt	19.27	28.64	96.67	73.8	-	-
Current Portion of Leases	-	5.47	4.36	2.94	1.84	1.31
Current Income Taxes Payable	4.58	1.16	1.24	0.34	2.11	8.12
Current Unearned Revenue	1.61	1.25	1.82	1.68	1.06	0.29
Other Current Liabilities	99.28	161.36	145.98	67.36	33.49	29.39
Total Current Liabilities	906.62	881.57	933.71	543.02	346.94	291.26
Long-Term Debt	885.19	823.13	810.02	121.1	-	-
Long-Term Leases	0.53	0.73	1.5	3.13	4.65	1.58
Long-Term Unearned Revenue	122.5	101.28	64.82	8.83	11.37	22.4
Total Liabilities	1,915	1,807	1,810	676.07	362.97	315.24
Common Stock	73.28	73.47	73.48	73.61	73.1	73.1
Additional Paid-In Capital	642.17	646.29	649.48	644.14	629.42	627.34
Retained Earnings	234.08	256.02	326.29	347.02	303	232.03
Treasury Stock	-3.99	-8.36	-8.67	-11.56	-	-
Comprehensive Income & Other	0.31	0.38	0.54	0.46	0.35	-0.27
Total Common Equity	945.84	967.8	1,041	1,054	1,006	932.19
Minority Interest	-	-	-0	-	-	-
Shareholders' Equity	945.84	967.8	1,041	1,054	1,006	932.19
Total Liabilities & Equity	2,861	2,774	2,851	1,730	1,369	1,247
Total Debt	1,406	1,249	1,298	426.18	76.99	52.2
Net Cash (Debt)	-916.36	-875.26	-584.81	39.58	493.65	445.92
Net Cash Growth	-	-	-	-91.98%	10.70%	5926.40%
Net Cash Per Share	-12.47	-11.95	-7.95	0.54	6.77	7.32
Filing Date Shares Outstanding	73.12	73.47	73.48	73.61	73.1	73.1
Total Common Shares Outstanding	73.12	73.47	73.48	73.61	73.1	73.1
Working Capital	275.9	186.33	461.68	435.98	680.62	662.13
Book Value Per Share	12.94	13.17	14.17	14.31	13.76	12.75
Tangible Book Value	884.6	904.87	994.56	1,006	971.17	896.44
Tangible Book Value Per Share	12.10	12.32	13.53	13.66	13.29	12.26
Buildings	-	269.53	269.79	147.09	119.62	107.12
Machinery	-	1,141	696.29	220.56	154.2	121.24
Construction In Progress	-	409.77	301.39	32.91	80.11	55.36

Source: S&P Global Market Intelligence. Standard template. Financial Sources.