Suzhou Mingzhi Technology 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	Dec '20 Dec 31, 2020
Cash & Equivalents	85.44	117.87	188.96	135.57	167.96	175.85
Short-Term Investments	-	-	11.02	-	-	0.16
Trading Asset Securities	570.88	433.21	390.06	527.63	564.44	-
Cash & Short-Term Investments	656.32	551.08	590.04	663.19	732.4	176.01
Cash Growth	20.38%	-6.60%	-11.03%	-9.45%	316.12%	20.82%
Accounts Receivable	146.48	166.43	161.56	217.7	242.63	217.08
Other Receivables	2.04	0.57	0.31	0.75	1.09	0.85
Receivables	148.52	167	161.87	218.45	243.72	217.93
Inventory	134.75	139.37	179.96	215.64	163.34	159.43
Prepaid Expenses	-	-	-	-	-	0.65
Other Current Assets	14.15	11.84	16.87	27.3	24.38	12.74
Total Current Assets	953.73	869.28	948.74	1,125	1,164	566.76
Property, Plant & Equipment	304.48	326.94	354.39	253.82	188.59	185.89
Long-Term Investments	76.85	69.01	21.24	11.52	0.9	0.9
Other Intangible Assets	28.32	29.52	26.93	26.24	19.27	19.51
Long-Term Deferred Tax Assets	6.88	10.53	13.45	9.05	5.56	4.53
Long-Term Deferred Charges	11.65	13.15	12.54	3.98	2.39	2.53
Other Long-Term Assets	3.33	6.26	8.83	33.35	24.53	3.48
Total Assets	1,385	1,325	1,386	1,463	1,405	783.58
Accounts Payable	130.3	99.64	107.83	129.76	151.24	107.16
Accrued Expenses	7.7	9.26	10.79	6.7	18.54	19.47
Short-Term Debt	-	38.18	73.27	153.95	36.19	72.89
Current Portion of Long-Term Debt	-	-	-	0.08	18.79	-
Current Portion of Leases	-	0.87	2.52	0.73	0.09	-
Current Income Taxes Payable	1.43	-	-	-	9.84	5.05
Current Unearned Revenue	150.65	61.88	106.44	74.19	57.63	87.56
Other Current Liabilities	2.8	4.32	5.29	8.31	27.89	11.95
Total Current Liabilities	292.88	214.15	306.15	373.71	320.21	304.09
Long-Term Debt	-	-	-	-	-	20.87
Long-Term Leases	-	-	-	2.48	0.08	0.28
Long-Term Unearned Revenue	3.67	3.4	3.81	3.87	4.02	0.55
Other Long-Term Liabilities	23.37	22.24	16.93	12.58	6.9	3.73
Total Liabilities	319.92	239.79	326.89	392.64	331.21	329.51
Common Stock	123.96	123.96	123.96	123.96	123.08	92.31
Additional Paid-In Capital	675.46	677.59	681.54	677.34	655.97	193.56
Retained Earnings	284.5	295.88	284.77	276.25	288.57	165.21
Treasury Stock	-13.29	-13.29	-30.41	-11.39	-	-
Comprehensive Income & Other	-5.3	0.77	-0.63	3.77	6.25	3
Shareholders' Equity	1,065	1,085	1,059	1,070	1,074	454.07
Total Liabilities & Equity	1,385	1,325	1,386	1,463	1,405	783.58
Total Debt	-	39.06	75.79	157.24	55.15	94.03
Net Cash (Debt)	656.32	512.02	514.25	505.96	677.26	81.98
Net Cash Growth	32.47%	-0.43%	1.64%	-25.29%	726.16%	1700.42%
Net Cash Per Share	5.36	4.17	4.21	4.10	6.15	0.89
Filing Date Shares Outstanding	123.42	123.42	122.73	123.45	123.08	92.31
Total Common Shares Outstanding	123.42	123.42	122.73	123.45	123.08	92.31
Working Capital	660.86	655.13	642.6	750.87	843.63	262.67
Book Value Per Share	8.63	8.79	8.63	8.67	8.73	4.92
Tangible Book Value	1,037	1,055	1,032	1,044	1,055	434.57
Tangible Book Value Per Share	8.40	8.55	8.41	8.45	8.57	4.71
Buildings	-	156.38	156.35	89.5	86.16	88.99
Machinery	-	400.44	367.65	291.37	247.84	225.83
Construction In Progress	-	3.83	23.12	42.08	7.12	3.6

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.