MayAir Technology (China) 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	626.12	1,013	866.64	1,051	133.36	98.13
Trading Asset Securities	317.7	-	50.6	-	-	-
Cash & Short-Term Investments	943.81	1,013	917.24	1,051	133.36	98.13
Cash Growth	5.40%	10.40%	-12.71%	687.94%	35.91%	17.34%
Accounts Receivable	1,313	1,172	872.12	720.58	503.35	473.24
Other Receivables	15.3	14.09	12.79	7.78	6.42	1.72
Receivables	1,328	1,186	884.9	728.36	509.77	474.96
Inventory	613.65	591.62	500.15	431.01	341.11	370.86
Other Current Assets	75.05	54.8	31.82	29.95	55.37	23.91
Total Current Assets	2,961	2,845	2,334	2,240	1,040	967.86
Property, Plant & Equipment	749.06	492.67	313.27	187.59	146.1	113.3
Long-Term Investments	0.71	2.18	1.78	2.43	2.83	2.98
Goodwill	2.4	2.4	2.4	2.4	-	-
Other Intangible Assets	245.88	248.74	249.89	46.87	29.88	30.57
Long-Term Accounts Receivable	25.75	11.92	15.84	-	-	-
Long-Term Deferred Tax Assets	26.27	23.03	15.9	11.18	7.58	8.28
Long-Term Deferred Charges	29.64	25.48	12.81	10.22	7.82	5.99
Other Long-Term Assets	22.18	47.24	44.44	31.29	29.67	31.36
Total Assets	4,063	3,699	2,990	2,532	1,263	1,160
Accounts Payable	517.93	584.43	505.88	359.32	293.47	289.61
Accrued Expenses	24.28	77.79	50	48.5	40.18	44.64
Short-Term Debt	415.1	323.69	322.62	366.79	234.08	223.25
Current Portion of Long-Term Debt	288.78	193.36	43.15	17.36	3.48	18.49
Current Portion of Leases	-	18.33	14.17	9.88	6.72	-
Current Income Taxes Payable	16.82	7.42	7.7	6.36	3.32	9.94
Current Unearned Revenue	261.82	176.49	194.4	110.8	111.48	135.32
Other Current Liabilities	79.39	54.64	72.2	69.52	61.05	67.29
Total Current Liabilities	1,604	1,436	1,210	988.52	753.77	788.54
Long-Term Debt	365.78	421.63	100.95	26.74	21.27	10.3
Long-Term Leases	11.49	18.42	20	21.37	16.06	-
Long-Term Unearned Revenue	8.34	8.95	4.95	2.3	1.26	0.48
Long-Term Deferred Tax Liabilities	4.96	6.84	6.01	6.52	-	-
Other Long-Term Liabilities	2.67	2.67	7.7	6.71	6.56	5.04
Total Liabilities	1,997	1,895	1,350	1,052	798.91	804.35
Common Stock	134.4	134.4	134.4	134.4	100.8	100.8
Additional Paid-In Capital	1,058	1,042	1,036	1,036	178.16	178.16
Retained Earnings	732.26	618.25	466.58	306.79	183.72	75.47
Comprehensive Income & Other	5.6	-2.51	-3.83	-2.31	-0.84	-0.93
Total Common Equity	1,931	1,792	1,634	1,475	461.84	353.5
Minority Interest	134.65	11.62	7.22	4.72	2.74	2.49
Shareholders' Equity	2,065	1,804	1,641	1,480	464.58	355.98
Total Liabilities & Equity	4,063	3,699	2,990	2,532	1,263	1,160
Total Debt	1,081	975.42	500.89	442.13	281.61	252.04
Net Cash (Debt)	-137.34	37.23	416.36	608.69	-148.24	-153.91
Net Cash Growth	-	-91.06%	-31.60%	-	-	-
Net Cash Per Share	-1.01	0.28	3.10	5.89	-1.47	-1.53
Filing Date Shares Outstanding	134.4	134.4	134.4	134.4	100.8	100.8
Total Common Shares Outstanding	134.4	134.4	134.4	134.4	100.8	100.8
Working Capital	1,357	1,409	1,124	1,252	285.85	179.32
Book Value Per Share	14.36	13.34	12.15	10.98	4.58	3.51
Tangible Book Value	1,682	1,541	1,381	1,426	431.96	322.93
Tangible Book Value Per Share	12.52	11.47	10.28	10.61	4.29	3.20
Buildings	-	206.14	116.9	85.88	85.67	86.34
Machinery	-	258.2	131.99	113.5	93.15	75.67
Construction In Progress	-	103.02	116.24	27.78	2.04	1.75

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