MayAir Technology (China) 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	-	1,013	866.64	1,051	133.36
Trading Asset Securities	-	-	50.6	-	-
Cash & Short-Term Investments	943.81	1,013	917.24	1,051	133.36
Cash Growth	-6.80%	10.40%	-12.71%	687.94%	35.91%
Accounts Receivable	-	1,172	872.12	720.58	503.35
Other Receivables	-	14.09	12.79	7.78	6.42
Receivables	-	1,186	884.9	728.36	509.77
Inventory	-	591.62	500.15	431.01	341.11
Other Current Assets	-	54.8	31.82	29.95	55.37
Total Current Assets	-	2,845	2,334	2,240	1,040
Property, Plant & Equipment	-	492.67	313.27	187.59	146.1
Long-Term Investments	-	2.18	1.78	2.43	2.83
Goodwill	-	2.4	2.4	2.4	-
Other Intangible Assets	-	248.74	249.89	46.87	29.88
Long-Term Accounts Receivable	-	11.92	15.84	-	-
Long-Term Deferred Tax Assets	-	23.03	15.9	11.18	7.58
Long-Term Deferred Charges	-	25.48	12.81	10.22	7.82
Other Long-Term Assets	-	47.24	44.44	31.29	29.67
Total Assets	-	3,699	2,990	2,532	1,263
Accounts Payable	-	584.43	505.88	359.32	293.47
Accrued Expenses	-	77.79	50	48.5	40.18
Short-Term Debt	-	323.69	322.62	366.79	234.08
Current Portion of Long-Term Debt	-	193.36	43.15	17.36	3.48
Current Portion of Leases	-	18.33	14.17	9.88	6.72
Current Income Taxes Payable	-	7.42	7.7	6.36	3.32
Current Unearned Revenue	-	176.49	194.4	110.8	111.48
Other Current Liabilities	-	54.64	72.2	69.52	61.05
Total Current Liabilities	-	1,436	1,210	988.52	753.77
Long-Term Debt	-	421.63	100.95	26.74	21.27
Long-Term Leases	-	18.42	20	21.37	16.06
Long-Term Unearned Revenue	-	8.95	4.95	2.3	1.26
Long-Term Deferred Tax Liabilities	-	6.84	6.01	6.52	-
Other Long-Term Liabilities	-	2.67	7.7	6.71	6.56
Total Liabilities	-	1,895	1,350	1,052	798.91
Common Stock	-	134.4	134.4	134.4	100.8
Additional Paid-In Capital	-	1,042	1,036	1,036	178.16
Retained Earnings	-	618.25	466.58	306.79	183.72
Comprehensive Income & Other	-	-2.51	-3.83	-2.31	-0.84
Total Common Equity	1,931	1,792	1,634	1,475	461.84
Minority Interest	-	11.62	7.22	4.72	2.74
Shareholders' Equity	2,065	1,804	1,641	1,480	464.58
Total Liabilities & Equity	-	3,699	2,990	2,532	1,263
Total Debt	1,081	975.42	500.89	442.13	281.61
Net Cash (Debt)	-137.34	37.23	416.36	608.69	-148.24
Net Cash Growth	-	-91.06%	-31.60%	-	-
Net Cash Per Share	-1.02	0.28	3.10	5.89	-1.47
Filing Date Shares Outstanding	135.25	134.4	134.4	134.4	100.8
Total Common Shares Outstanding	135.25	134.4	134.4	134.4	100.8
Working Capital	-	1,409	1,124	1,252	285.85
Book Value Per Share	14.36	13.34	12.15	10.98	4.58
Tangible Book Value	1,682	1,541	1,381	1,426	431.96
Tangible Book Value Per Share	12.52	11.47	10.28	10.61	4.29
Buildings	-	206.14	116.9	85.88	85.67
Machinery	-	258.2	131.99	113.5	93.15
Construction In Progress	-	103.02	116.24	27.78	2.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.