MayAir Technology (China) Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	649.48	905.68	1,013	866.64	1,051	133.36
Trading Asset Securities	150	-	-	50.6	-	-
Cash & Short-Term Investments	799.48	905.68	1,013	917.24	1,051	133.36
Cash Growth	-18.09%	-10.56%	10.40%	-12.71%	687.94%	35.91%
Accounts Receivable	1,491	1,296	1,175	872.12	720.58	503.35
Other Receivables	12.38	13.64	11.01	12.79	7.78	6.42
Receivables	1,503	1,309	1,186	884.9	728.36	509.77
Inventory	655.14	624.39	591.62	500.15	431.01	341.11
Other Current Assets	91.47	93.54	54.8	31.82	29.95	55.37
Total Current Assets	3,049	2,933	2,845	2,334	2,240	1,040
Property, Plant & Equipment	912.14	806.57	492.67	313.27	187.59	146.1
Long-Term Investments	0.17	0.34	2.18	1.78	2.43	2.83
Goodwill	2.4	2.4	2.4	2.4	2.4	-
Other Intangible Assets	249.75	255.51	248.74	249.89	46.87	29.88
Long-Term Accounts Receivable	20.65	41.08	22.82	15.84	-	-
Long-Term Deferred Tax Assets	41.63	31.06	23.03	15.9	11.18	7.58
Long-Term Deferred Charges	22.06	26.37	25.48	12.81	10.22	7.82
Other Long-Term Assets	42.76	3.87	36.33	44.44	31.29	29.67
Total Assets	4,341	4,100	3,699	2,990	2,532	1,263

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	747.77	554.54	584.43	505.88	359.32	293.47
Accrued Expenses	49.04	77.28	77.79	50	48.5	40.18
Short-Term Debt	394.54	391.16	323.69	322.62	366.79	234.08
Current Portion of Long-Term Debt	-	221.05	193.36	43.15	17.36	3.48
Current Portion of Leases	-	17.99	18.33	14.17	9.88	6.72
Current Income Taxes Payable	-	5.23	7.42	7.7	6.36	3.32
Current Unearned Revenue	301.51	268.79	176.49	194.4	110.8	111.48
Other Current Liabilities	349.93	87.02	54.64	72.2	69.52	61.05
Total Current Liabilities	1,843	1,623	1,436	1,210	988.52	753.77
Long-Term Debt	273.98	371.64	421.63	100.95	26.74	21.27
Long-Term Leases	59.35	10.47	18.42	20	21.37	16.06
Long-Term Unearned Revenue	7.52	8.07	8.95	4.95	2.3	1.26
Long-Term Deferred Tax Liabilities	6.81	7.94	6.84	6.01	6.52	-
Other Long-Term Liabilities	4.03	4.03	2.67	7.7	6.71	6.56
Total Liabilities	2,194	2,025	1,895	1,350	1,052	798.91

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	135.25	135.25	134.4	134.4	134.4	100.8
Additional Paid-In Capital	-	1,069	1,042	1,036	1,036	178.16
Retained Earnings	775.57	712.46	618.25	466.58	306.79	183.72
Comprehensive Income & Other	1,082	8.55	-2.51	-3.83	-2.31	-0.84
Total Common Equity	1,992	1,926	1,792	1,634	1,475	461.84
Minority Interest	153.77	149.52	11.62	7.22	4.72	2.74
Shareholders' Equity	2,146	2,075	1,804	1,641	1,480	464.58
Total Liabilities & Equity	4,341	4,100	3,699	2,990	2,532	1,263

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	727.88	1,012	975.42	500.89	442.13	281.61
Net Cash (Debt)	71.61	-106.62	37.23	416.36	608.69	-148.24
Net Cash Growth	-	-	-91.06%	-31.60%	-	-
Net Cash Per Share	0.53	-0.79	0.28	3.10	5.89	-1.47
Filing Date Shares Outstanding	131.21	135.25	134.4	134.4	134.4	100.8
Total Common Shares Outstanding	131.21	135.25	134.4	134.4	134.4	100.8
Working Capital	1,206	1,310	1,409	1,124	1,252	285.85
Book Value Per Share	15.19	14.24	13.34	12.15	10.98	4.58
Tangible Book Value	1,740	1,668	1,541	1,381	1,426	431.96
Tangible Book Value Per Share	13.26	12.33	11.47	10.28	10.61	4.29
Land	-	66.77	-	-	-	-
Buildings	-	220.18	206.14	116.9	85.88	85.67
Machinery	-	361.63	258.2	131.99	113.5	93.15
Construction In Progress	-	282.52	103.02	116.24	27.78	2.04