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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	599.51	905.68	1,013	866.64	1,051	133.36
Trading Asset Securities	204.93	-	-	50.6	-	-
Cash & Short-Term Investments	804.44	905.68	1,013	917.24	1,051	133.36
Cash Growth	-15.70%	-10.56%	10.40%	-12.71%	687.94%	35.91%
Accounts Receivable	1,331	1,296	1,175	872.12	720.58	503.35
Other Receivables	19.27	13.64	11.01	12.79	7.78	6.42
Receivables	1,350	1,309	1,186	884.9	728.36	509.77
Inventory	628.79	624.39	591.62	500.15	431.01	341.11
Other Current Assets	100.18	93.54	54.8	31.82	29.95	55.37
Total Current Assets	2,884	2,933	2,845	2,334	2,240	1,040
Property, Plant & Equipment	833.51	806.57	492.67	313.27	187.59	146.1
Long-Term Investments	0.18	0.34	2.18	1.78	2.43	2.83
Goodwill	2.4	2.4	2.4	2.4	2.4	-
Other Intangible Assets	253.23	255.51	248.74	249.89	46.87	29.88
Long-Term Accounts Receivable	21.73	41.08	22.82	15.84	-	-
Long-Term Deferred Tax Assets	35.18	31.06	23.03	15.9	11.18	7.58
Long-Term Deferred Charges	24.2	26.37	25.48	12.81	10.22	7.82
Other Long-Term Assets	28.58	3.87	36.33	44.44	31.29	29.67
Total Assets	4,083	4,100	3,699	2,990	2,532	1,263
Accounts Payable	503.93	554.54	584.43	505.88	359.32	293.47
Accrued Expenses	21.58	77.28	77.79	50	48.5	40.18
Short-Term Debt	433.09	391.16	323.69	322.62	366.79	234.08
Current Portion of Long-Term Debt	287.16	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	20.31	5.23	7.42	7.7	6.36	3.32
Current Unearned Revenue	279.94	268.79	176.49	194.4	110.8	111.48
Other Current Liabilities	108.26	87.02	54.64	72.2	69.52	61.05
Total Current Liabilities	1,654	1,623	1,436	1,210	988.52	753.77
Long-Term Debt	285.11	371.64	421.63	100.95	26.74	21.27
Long-Term Leases	10.41	10.47	18.42	20	21.37	16.06
Long-Term Unearned Revenue	7.76	8.07	8.95	4.95	2.3	1.26
Long-Term Deferred Tax Liabilities	8.04	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	1,970	2,025	1,895	1,350	1,052	798.91
Common Stock	135.25	135.25	134.4	134.4	134.4	100.8
Additional Paid-In Capital	1,072	1,069	1,042	1,036	1,036	178.16
Retained Earnings	744.16	712.46	618.25	466.58	306.79	183.72
Comprehensive Income & Other	6.91	8.55	-2.51	-3.83	-2.31	-0.84
Total Common Equity	1,958	1,926	1,792	1,634	1,475	461.84
Minority Interest	155.23	149.52	11.62	7.22	4.72	2.74
Shareholders' Equity	2,113	2,075	1,804	1,641	1,480	464.58
Total Liabilities & Equity	4,083	4,100	3,699	2,990	2,532	1,263
Total Debt	1,016	1,012	975.42	500.89	442.13	281.61
Net Cash (Debt)	-211.32	-106.62	37.23	416.36	608.69	-148.24
Net Cash Growth	-	-	-91.06%	-31.60%	-	-
Net Cash Per Share	-1.56	-0.79	0.28	3.10	5.89	-1.47
Filing Date Shares Outstanding	135.25	135.25	134.4	134.4	134.4	100.8
Total Common Shares Outstanding	135.25	135.25	134.4	134.4	134.4	100.8
Working Capital	1,230	1,310	1,409	1,124	1,252	285.85
Book Value Per Share	14.48	14.24	13.34	12.15	10.98	4.58
Tangible Book Value	1,702	1,668	1,541	1,381	1,426	431.96
Tangible Book Value Per Share	12.59	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