Pinming Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	128.39	148.46	237.27	259.73	107.03	183.3
Short-Term Investments	-	456.16	291.6	172.76	123.62	484.63
Trading Asset Securities	139.91	59	60.01	85.07	324.41	61.05
Cash & Short-Term Investments	268.3	663.63	588.87	517.57	555.06	728.98
Cash Growth	-54.21%	12.70%	13.78%	-6.75%	-23.86%	268.15%
Accounts Receivable	236.23	235.54	298.34	316.1	308.69	218.67
Other Receivables	7.87	7.81	4.5	8.65	8.46	8.42
Receivables	244.1	243.35	302.84	324.75	317.16	227.1
Inventory	36.4	31.26	25.48	22.8	28.35	23.74
Other Current Assets	327.67	3.2	4.63	13.07	15.66	15.87
Total Current Assets	876.47	941.43	921.82	878.19	916.22	995.69
Property, Plant & Equipment	15.48	19.03	12.43	18.53	20.78	26.04
Long-Term Investments	-	-	4.27	-	-	-
Goodwill	1.61	1.61	1.61	1.61	1.61	1.61
Other Intangible Assets	1.25	1.72	2.51	3.69	3.24	3.34
Long-Term Deferred Tax Assets	5.52	6.03	8.1	7.44	4.63	2.77
Long-Term Deferred Charges	0.12	0.18	0.84	1.83	3.03	3.94
Other Long-Term Assets	-	0.13	-	-	-	-
Total Assets	900.45	970.14	951.58	911.28	949.5	1,033

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	46.25	52.57	47.18	32.31	31.41	27.57
Accrued Expenses	12.83	70.45	75.61	75.94	69.14	61.37
Current Portion of Leases	-	5.49	1.3	7.51	5.99	8.27
Current Income Taxes Payable	6.18	0	-	-	-	0.11
Current Unearned Revenue	17.85	15.62	13.63	6.56	9.55	11.17
Other Current Liabilities	10.91	15.92	26.03	4.46	5.96	4.57
Total Current Liabilities	98.55	160.04	163.75	126.78	122.05	113.06
Long-Term Leases	2.58	5.46	2.4	3.88	6.24	10.43
Long-Term Deferred Tax Liabilities	-	-	0.6	1.43	-	0.1
Other Long-Term Liabilities	-	-	0.44	-	-	-
Total Liabilities	128.13	165.5	167.19	132.09	128.29	123.6

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	78.84	78.84	78.84	78.84	54.37	54.37
Additional Paid-In Capital	586.31	582.31	581.14	583.27	612.69	612.63
Retained Earnings	150.9	168.64	174.92	166.51	154.15	242.78
Treasury Stock	-44.71	-25.15	-49.86	-49.43	-	-
Comprehensive Income & Other	0	-0	-0.65	-	-	-
Total Common Equity	771.35	804.64	784.39	779.19	821.21	909.78
Minority Interest	0.97	-	-	-	-	-
Shareholders' Equity	772.32	804.64	784.39	779.19	821.21	909.78
Total Liabilities & Equity	900.45	970.14	951.58	911.28	949.5	1,033

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	34.1	10.95	3.7	11.39	12.23	18.7
Net Cash (Debt)	234.2	652.68	585.17	506.18	542.83	710.28
Net Cash Growth	-59.66%	11.54%	15.61%	-6.75%	-23.57%	258.71%
Net Cash Per Share	2.74	8.26	7.44	6.52	6.88	9.61
Filing Date Shares Outstanding	104.94	78.2	77.54	76.9	78.84	78.84
Total Common Shares Outstanding	104.94	78.2	77.54	76.9	78.84	78.84
Working Capital	777.93	781.39	758.06	751.41	794.17	882.63
Book Value Per Share	7.35	10.29	10.12	10.13	10.42	11.54
Tangible Book Value	768.5	801.31	780.27	773.9	816.37	904.83
Tangible Book Value Per Share	7.32	10.25	10.06	10.06	10.35	11.48
Buildings	-	6.66	6.66	3.39	3.39	-
Machinery	-	16.52	16.23	16.64	15.6	14.76