Piotech Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	3,003	2,676	3,827	964.79
Trading Asset Securities	-	193.41	29.48	46.11	-
Cash & Short-Term Investments	5,623	3,196	2,705	3,873	964.79
Cash Growth	75.94%	18.15%	-30.16%	301.48%	-3.91%
Accounts Receivable	-	1,493	535.63	291.77	113.27
Other Receivables	-	12.03	7.92	6.09	1.73
Receivables	-	1,505	543.56	297.87	114.99
Inventory	-	7,216	4,556	2,297	953.16
Prepaid Expenses	-	-	-	-	2.43
Other Current Assets	-	770.02	652.03	352.45	139.24
Total Current Assets	-	12,687	8,457	6,820	2,175
Property, Plant & Equipment	-	1,638	735.55	395.23	290.74
Long-Term Investments	-	723.04	488.81	20	-
Other Intangible Assets	-	175.7	91.68	43.88	42.65
Long-Term Accounts Receivable	-	-	1.45	0.98	-
Long-Term Deferred Tax Assets	-	47.62	10.79	0.45	-
Long-Term Deferred Charges	-	28.81	6.42	1.78	1.35
Other Long-Term Assets	-	13.46	177.79	31.04	8.38
Total Assets	-	15,314	9,969	7,314	2,518
Accounts Payable	-	2,245	1,070	871.42	393.85
Accrued Expenses	-	202.92	149.37	79.49	42.02
Short-Term Debt	-	118.75	69.98	400.27	-
Current Portion of Long-Term Debt	-	729.45	63.33	0.26	-
Current Portion of Leases	-	5.66	3.71	1.34	0.63
Current Income Taxes Payable	-	0.01	43.83	-	0.43
Current Unearned Revenue	-	2,983	1,382	1,397	487.55
Other Current Liabilities	-	546.4	199.62	197.51	91.34
Total Current Liabilities	-	6,831	2,982	2,947	1,016
Long-Term Debt	-	2,794	1,871	270	-
Long-Term Leases	-	8.49	2.41	1	0.88
Long-Term Unearned Revenue	-	354.34	400.57	289.15	258.25
Long-Term Deferred Tax Liabilities	-	27.77	6.2	0.49	-
Other Long-Term Liabilities	-	-	115.99	98.36	49.43
Total Liabilities	-	10,015	5,378	3,606	1,324
Common Stock	-	279.73	188.19	126.48	94.86
Additional Paid-In Capital	-	3,482	3,313	3,122	1,003
Retained Earnings	-	1,716	1,093	463.46	94.99
Treasury Stock	-	-197.26	-	-	-
Comprehensive Income & Other	-	-0.32	-0.01	-	-
Total Common Equity	6,097	5,280	4,594	3,711	1,193
Minority Interest	-	18.92	-2.22	-3.64	0.73
Shareholders' Equity	6,103	5,299	4,592	3,708	1,193
Total Liabilities & Equity	-	15,314	9,969	7,314	2,518
Total Debt	3,603	3,656	2,010	672.86	1.51
Net Cash (Debt)	2,021	-460.12	694.9	3,201	963.28
Net Cash Growth	-	-	-78.29%	232.26%	-4.06%
Net Cash Per Share	7.24	-1.64	2.50	12.56	4.62
Filing Date Shares Outstanding	281.54	278.46	278.24	277.04	277.04
Total Common Shares Outstanding	279.9	278.46	278.52	277.04	207.78
Working Capital	-	5,857	5,475	3,873	1,159
Book Value Per Share	21.78	18.96	16.49	13.40	5.74
Tangible Book Value	5,926	5,104	4,502	3,668	1,150
Tangible Book Value Per Share	21.17	18.33	16.16	13.24	5.53
Buildings	-	388.62	266.62	262.44	160.71
Machinery	-	710.89	482.6	211.86	124.81
Construction In Progress	-	729.33	116.54	10.6	73.32
Order Backlog	-	9,400	-	4,602	-

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