Piotech 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	Jan '21 Jan 1, 2021
Cash & Equivalents	2,743	3,003	2,676	3,827	964.79	1,004
Trading Asset Securities	2,881	193.41	29.48	46.11	-	-
Cash & Short-Term Investments	5,623	3,196	2,705	3,873	964.79	1,004
Cash Growth	175.64%	18.15%	-30.16%	301.48%	-3.91%	177.22%
Accounts Receivable	1,192	1,493	535.63	291.77	113.27	75.08
Other Receivables	7.6	12.03	7.92	6.09	1.73	3
Receivables	1,199	1,505	543.56	297.87	114.99	78.08
Inventory	8,069	7,216	4,556	2,297	953.16	512.08
Prepaid Expenses	-	-	-	-	2.43	0.05
Other Current Assets	943.64	770.02	652.03	352.45	139.24	14.84
Total Current Assets	15,835	12,687	8,457	6,820	2,175	1,609
Property, Plant & Equipment	1,915	1,638	735.55	395.23	290.74	164.7
Long-Term Investments	816.42	723.04	488.81	20	-	-
Other Intangible Assets	170.93	175.7	91.68	43.88	42.65	38.2
Long-Term Accounts Receivable	-	-	1.45	0.98	-	1.87
Long-Term Deferred Tax Assets	85.02	47.62	10.79	0.45	-	-
Long-Term Deferred Charges	80.17	28.81	6.42	1.78	1.35	-
Other Long-Term Assets	5.21	13.46	177.79	31.04	8.38	0.26
Total Assets	18,907	15,314	9,969	7,314	2,518	1,814
Accounts Payable	2,965	2,245	1,070	871.42	393.85	213.24
Accrued Expenses	197.88	202.92	149.37	79.49	42.02	22.66
Short-Term Debt	216.41	118.75	69.98	400.27	-	-
Current Portion of Long-Term Debt	1,410	729.45	63.33	0.26	-	-
Current Portion of Leases	-	5.66	3.71	1.34	0.63	-
Current Income Taxes Payable	12.1	0.01	43.83	-	0.43	-
Current Unearned Revenue	4,894	2,983	1,382	1,397	487.55	134.26
Other Current Liabilities	673.91	546.4	199.62	197.51	91.34	23.39
Total Current Liabilities	10,369	6,831	2,982	2,947	1,016	393.55
Long-Term Debt	1,972	2,794	1,871	270	-	-
Long-Term Leases	3.88	8.49	2.41	1	0.88	-
Long-Term Unearned Revenue	426.37	354.34	400.57	289.15	258.25	270.4
Long-Term Deferred Tax Liabilities	33.21	27.77	6.2	0.49	-	-
Other Long-Term Liabilities	-	-	115.99	98.36	49.43	27.62
Total Liabilities	12,805	10,015	5,378	3,606	1,324	691.57
Common Stock	281.16	279.73	188.19	126.48	94.86	94.86
Additional Paid-In Capital	3,816	3,482	3,313	3,122	1,003	1,281
Retained Earnings	2,197	1,716	1,093	463.46	94.99	-253.46
Treasury Stock	-197.26	-197.26	-	-	-	-
Comprehensive Income & Other	0.07	-0.32	-0.01	-	-	-
Total Common Equity	6,097	5,280	4,594	3,711	1,193	1,122
Minority Interest	5.42	18.92	-2.22	-3.64	0.73	0.29
Shareholders' Equity	6,103	5,299	4,592	3,708	1,193	1,122
Total Liabilities & Equity	18,907	15,314	9,969	7,314	2,518	1,814
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	1,004
Net Cash Growth	-	-	-78.29%	232.26%	-4.06%	177.22%
Net Cash Per Share	7.17	-1.64	2.50	12.56	4.62	4.83
Filing Date Shares Outstanding	279.9	278.46	278.24	277.04	277.04	207.78
Total Common Shares Outstanding	279.9	278.46	278.52	277.04	207.78	207.78
Working Capital	5,465	5,857	5,475	3,873	1,159	1,215
Book Value Per Share	21.78	18.96	16.49	13.40	5.74	5.40
Tangible Book Value	5,926	5,104	4,502	3,668	1,150	1,084
Tangible Book Value Per Share	21.17	18.33	16.16	13.24	5.53	5.22
Buildings	-	388.62	266.62	262.44	160.71	140.9
Machinery	-	710.89	482.6	211.86	124.81	79.04
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.