Shenzhen Qingyi Photomask 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	417.67	638.59	354.79	342.88	224.12	154.86
Cash & Short-Term Investments	417.67	638.59	354.79	342.88	224.12	154.86
Cash Growth	14.33%	79.99%	3.47%	52.99%	44.72%	-29.01%
Accounts Receivable	375.75	305.09	345.36	315.75	231.95	169.5
Other Receivables	2.29	1.91	0.98	1.89	2	2.6
Receivables	378.04	306.99	346.34	317.64	233.94	172.1
Inventory	216.83	237.76	200.8	170.01	143.43	87.37
Other Current Assets	186.14	158.32	13.99	13.98	4.69	4.31
Total Current Assets	1,199	1,342	915.92	844.5	606.18	418.65
Property, Plant & Equipment	2,546	2,436	1,240	1,105	1,071	1,058
Long-Term Investments	15.62	15.62	13	-	-	-
Other Intangible Assets	77.75	78.83	76.49	18.06	17.44	18.15
Long-Term Deferred Tax Assets	20.07	19.35	13.65	7.96	8.2	3.63
Long-Term Deferred Charges	0.03	0.06	0.17	-	-	-
Other Long-Term Assets	116.07	36.86	483.42	101.1	39.83	25.17
Total Assets	3,974	3,929	2,743	2,077	1,743	1,523
Accounts Payable	264.28	233.49	228	156.35	162.43	91.35
Accrued Expenses	21.21	21.9	20.92	13.58	12.38	16.94
Short-Term Debt	237.22	286.24	216.77	210.89	50	-
Current Portion of Long-Term Debt	200.33	198.7	55.24	87.36	39.22	28.94
Current Portion of Leases	-	-	1.04	0.06	0.19	0.08
Current Income Taxes Payable	11.29	15.14	5.75	9.72	1.4	2.06
Current Unearned Revenue	0.79	0.43	1.2	1.04	1.29	27.02
Other Current Liabilities	21.41	15.91	181.79	20.77	18.55	7.88
Total Current Liabilities	756.53	771.81	710.69	499.78	285.46	174.26
Long-Term Debt	262.16	251.54	418.11	77.84	79.26	79.95
Long-Term Leases	0.76	1.04	2.13	-	0.08	-
Long-Term Unearned Revenue	106.89	112.35	128.64	115.44	96.46	70.52
Long-Term Deferred Tax Liabilities	0.13	0.13	-	-	-	-
Total Liabilities	1,126	1,137	1,260	693.06	461.26	324.74
Common Stock	314.8	314.8	266.8	266.8	266.8	266.8
Additional Paid-In Capital	1,621	1,621	482.13	482.13	482.13	482.13
Retained Earnings	926.1	870.4	764.5	634.9	533.05	450.02
Treasury Stock	-30.02	-30.02	-30.02	-	-	-
Comprehensive Income & Other	2.29	2.29	-0.2	-0.2	-0.2	-0.2
Total Common Equity	2,834	2,779	1,483	1,384	1,282	1,199
Minority Interest	13.38	13.28	-	-	-	-
Shareholders' Equity	2,848	2,792	1,483	1,384	1,282	1,199
Total Liabilities & Equity	3,974	3,929	2,743	2,077	1,743	1,523
Total Debt	700.48	737.52	693.28	376.15	168.74	108.97
Net Cash (Debt)	-282.8	-98.93	-338.49	-33.27	55.37	45.89
Net Cash Growth	-	-	-	-	20.66%	-74.79%
Net Cash Per Share	-0.91	-0.33	-1.28	-0.12	0.21	0.18
Filing Date Shares Outstanding	309.41	309.17	313.08	266.8	266.8	266.8
Total Common Shares Outstanding	309.41	309.17	265.08	266.8	266.8	266.8
Working Capital	442.15	569.86	205.23	344.73	320.72	244.39
Book Value Per Share	9.16	8.99	5.60	5.19	4.80	4.49
Tangible Book Value	2,757	2,700	1,407	1,366	1,264	1,181
Tangible Book Value Per Share	8.91	8.73	5.31	5.12	4.74	4.43
Buildings	-	-	320.34	320.34	319.4	263.3
Machinery	-	-	1,531	1,468	1,276	1,174
Construction In Progress	-	-	238.26	44.09	36.98	135.58

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