Jiaxing ZMAX Optech 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	385.66	432.01	462.16	21.72	35.22
Trading Asset Securities	-	45.55	-	-	-
Cash & Short-Term Investments	385.66	477.56	462.16	21.72	35.22
Cash Growth	-19.24%	3.33%	2027.82%	-38.33%	52.30%
Accounts Receivable	231.97	115.86	134.4	162	167.8
Other Receivables	1.55	0.32	0.47	5.68	0.31
Receivables	233.52	116.18	134.88	167.68	168.11
Inventory	179.02	99.32	91.55	103.2	102.63
Prepaid Expenses	-	-	-	0.46	-
Other Current Assets	33.21	8.12	5.02	2.89	1.99
Total Current Assets	831.41	701.18	693.6	295.95	307.94
Property, Plant & Equipment	505.21	275.34	237.99	228.34	201.19
Long-Term Investments	20.45	17.27	-	-	-
Goodwill	56.1	1.6	1.6	1.6	1.6
Other Intangible Assets	52.78	28.6	28.56	29.42	30.29
Long-Term Deferred Tax Assets	16.95	9.46	9.11	8.16	8.14
Long-Term Deferred Charges	15.45	10.23	11.29	12.42	9.91
Other Long-Term Assets	30.88	8.26	35.38	4.52	10.53
Total Assets	1,529	1,052	1,018	580.42	569.61
Accounts Payable	227.52	119.58	90.76	79.67	141.3
Accrued Expenses	30.59	22.02	23.21	23.28	19.49
Short-Term Debt	57.89	0.9	-	42.24	11.01
Current Portion of Long-Term Debt	7.74	0.41	0.45	1.47	0.49
Current Portion of Leases	-	0.45	0.12	0.12	0.16
Current Income Taxes Payable	16.8	2.53	0.67	2.06	2.2
Current Unearned Revenue	10.19	6.69	6.88	3.75	6.1
Other Current Liabilities	14.65	6.22	5.05	21.38	21.67
Total Current Liabilities	365.38	158.8	127.14	173.98	202.43
Long-Term Debt	122.83	3.74	24.31	10.12	6.96
Long-Term Leases	2.9	1.49	0.21	0.17	0.42
Long-Term Unearned Revenue	22.23	23.75	24.32	24.99	22
Long-Term Deferred Tax Liabilities	4.67	0.37	0.05	0.04	0.07
Other Long-Term Liabilities	0.59	0.15	-	-	-
Total Liabilities	518.59	188.31	176.03	209.29	231.89
Common Stock	88.77	88	88	66	66
Additional Paid-In Capital	677.38	659.14	654.38	224.07	218.21
Retained Earnings	138.48	115.11	96.88	78.15	50.23
Comprehensive Income & Other	-1.84	-1.61	-0.96	-0.86	-0.47
Total Common Equity	902.79	860.64	838.3	367.36	333.98
Minority Interest	107.85	2.98	3.2	3.77	3.74
Shareholders' Equity	1,011	863.63	841.51	371.13	337.72
Total Liabilities & Equity	1,529	1,052	1,018	580.42	569.61
Total Debt	191.36	6.99	25.09	54.12	19.06
Net Cash (Debt)	194.3	470.57	437.07	-32.4	16.16
Net Cash Growth	-58.71%	7.66%	-	-	43.27%
Net Cash Per Share	2.19	5.37	5.17	-0.49	0.24
Filing Date Shares Outstanding	88.77	88	88	66	66
Total Common Shares Outstanding	88.77	88	88	66	66
Working Capital	466.04	542.38	566.46	121.97	105.51
Book Value Per Share	10.17	9.78	9.53	5.57	5.06
Tangible Book Value	793.91	830.44	808.15	336.34	302.09
Tangible Book Value Per Share	8.94	9.44	9.18	5.10	4.58
Buildings	-	125.05	125.77	125.41	125.95
Machinery	-	208.59	186.31	175.15	149.14
Construction In Progress	-	80.64	46.36	30.11	10.6

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