Piotech 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	4,415	5,300	3,003	2,676	3,827	964.79
Trading Asset Securities	897.15	889.56	193.41	29.48	46.11	-
Cash & Short-Term Investments	5,312	6,189	3,196	2,705	3,873	964.79
Cash Growth	67.84%	93.65%	18.15%	-30.16%	301.48%	-3.91%
Accounts Receivable	1,426	1,423	1,493	535.63	291.77	113.27
Other Receivables	2.23	3.66	12.03	7.92	6.09	1.73
Receivables	1,429	1,427	1,505	543.56	297.87	114.99
Inventory	8,214	7,826	7,216	4,556	2,297	953.16
Prepaid Expenses	-	-	-	-	-	2.43
Other Current Assets	980.2	837.41	770.02	652.03	352.45	139.24
Total Current Assets	15,935	16,279	12,687	8,457	6,820	2,175
Property, Plant & Equipment	2,238	2,119	1,638	735.55	395.23	290.74
Long-Term Investments	1,112	874.04	723.04	488.81	20	-
Other Intangible Assets	182.86	185.43	175.7	91.68	43.88	42.65
Long-Term Accounts Receivable	-	1.14	-	1.45	0.98	-
Long-Term Deferred Tax Assets	159.67	167.7	47.62	10.79	0.45	-
Long-Term Deferred Charges	140.97	113.79	28.81	6.42	1.78	1.35
Other Long-Term Assets	85.26	82.77	13.46	177.79	31.04	8.38
Total Assets	19,853	19,824	15,314	9,969	7,314	2,518
Accounts Payable	2,931	3,056	2,245	1,070	871.42	393.85
Accrued Expenses	126.15	294.26	202.92	149.37	79.49	42.02
Short-Term Debt	50.03	186.42	118.75	69.98	400.27	-
Current Portion of Long-Term Debt	1,896	1,997	729.45	63.33	0.26	-
Current Portion of Leases	-	5.25	5.66	3.71	1.34	0.63
Current Income Taxes Payable	22.74	0.01	0.01	43.83	-	0.43
Current Unearned Revenue	4,877	4,852	2,983	1,382	1,397	487.55
Other Current Liabilities	885.01	975.41	546.4	199.62	197.51	91.34
Total Current Liabilities	10,788	11,366	6,831	2,982	2,947	1,016
Long-Term Debt	733.44	875.56	2,794	1,871	270	-
Long-Term Leases	5.5	7.01	8.49	2.41	1	0.88
Long-Term Unearned Revenue	531.86	417.76	354.34	400.57	289.15	258.25
Long-Term Deferred Tax Liabilities	49.61	41.52	27.77	6.2	0.49	-
Other Long-Term Liabilities	-	-	-	115.99	98.36	49.43
Total Liabilities	12,109	12,708	10,015	5,378	3,606	1,324
Common Stock	282.69	282.34	279.73	188.19	126.48	94.86
Additional Paid-In Capital	4,024	3,958	3,482	3,313	3,122	1,003
Retained Earnings	3,138	2,567	1,716	1,093	463.46	94.99
Treasury Stock	-197.26	-197.26	-197.26	-	-	-
Comprehensive Income & Other	-0.31	-0.22	-0.32	-0.01	-	-
Total Common Equity	7,247	6,610	5,280	4,594	3,711	1,193
Minority Interest	497.19	505.51	18.92	-2.22	-3.64	0.73
Shareholders' Equity	7,744	7,115	5,299	4,592	3,708	1,193
Total Liabilities & Equity	19,853	19,824	15,314	9,969	7,314	2,518
Total Debt	2,685	3,072	3,656	2,010	672.86	1.51
Net Cash (Debt)	2,627	3,118	-460.12	694.9	3,201	963.28
Net Cash Growth	-	-	-	-78.29%	232.26%	-4.06%
Net Cash Per Share	9.26	11.07	-1.64	2.50	12.56	4.62
Filing Date Shares Outstanding	281.43	281.43	278.46	278.24	277.04	277.04
Total Common Shares Outstanding	281.43	281.08	278.46	278.52	277.04	207.78
Working Capital	5,146	4,913	5,857	5,475	3,873	1,159
Book Value Per Share	25.75	23.52	18.96	16.49	13.40	5.74
Tangible Book Value	7,064	6,425	5,104	4,502	3,668	1,150
Tangible Book Value Per Share	25.10	22.86	18.33	16.16	13.24	5.53
Buildings	-	-	-	266.62	262.44	160.71
Machinery	-	1,096	710.89	482.6	211.86	124.81
Construction In Progress	-	413.39	729.33	116.54	10.6	73.32
Order Backlog	-	11,000	-	-	4,602	-

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