SBT Ultrasonic Technology Co., Ltd. (SHA:688392)

SBT Ultrasonic Technology Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	702.93	852.37	1,249	959.28	101.33	51.38
Trading Asset Securities	439.35	311.56	266.55	563.32	50.92	8.05
Cash & Short-Term Investments	1,142	1,164	1,516	1,523	152.25	59.42
Cash Growth	-10.47%	-23.21%	-0.45%	900.09%	156.21%	530.64%
Accounts Receivable	537.91	506.65	295.97	238.25	196.17	57.64
Other Receivables	23.56	16.01	1.98	2.09	0.13	0.03
Receivables	561.47	522.66	297.96	240.34	196.3	61.61
Inventory	288.11	174.09	226.52	258.65	187.05	91.67
Prepaid Expenses	-	-	-	-	0.71	0.79
Other Current Assets	14.39	12.67	10.78	10.51	22.55	6.15
Total Current Assets	2,006	1,873	2,051	2,032	558.86	219.65
Property, Plant & Equipment	101.25	69.84	65.82	59.48	41.9	22.94
Long-Term Investments	70.35	24.81	11.32	10	-	-
Other Intangible Assets	122.5	125.04	20.24	19.74	12.9	12.68
Long-Term Accounts Receivable	-	1.12	1.24	1.88	3.64	-
Long-Term Deferred Tax Assets	19.26	15.07	10.05	11.54	9.04	7.86
Long-Term Deferred Charges	9.93	13.5	5.62	5.29	4.29	0.46
Other Long-Term Assets	5.26	2.53	6.89	3.04	0.94	0.09
Total Assets	2,335	2,125	2,172	2,143	631.57	263.69
Accounts Payable	147.84	103.71	60.69	60.89	93.9	31.87
Accrued Expenses	36.36	51.23	35.86	39.47	31.97	10.14
Short-Term Debt	240.28	210.16	227.5	135.13	7.51	22.52
Current Portion of Leases	3.87	5.65	5.6	4.97	3.52	-
Current Income Taxes Payable	18.44	3.87	1.38	3.16	3.78	14.92
Current Unearned Revenue	56.89	31.03	63.01	107.73	105.24	46.43
Other Current Liabilities	13.22	18.2	13.38	19.74	27.13	33.19
Total Current Liabilities	516.9	423.85	407.43	371.09	273.05	159.07
Long-Term Leases	0.19	1.97	7.75	13.1	10.89	-
Long-Term Unearned Revenue	9.87	1.11	1.2	0.49	0.58	0.67
Long-Term Deferred Tax Liabilities	0.01	0.01	-	-	0.13	0.01
Other Long-Term Liabilities	8.71	6.92	4.54	3.93	2.54	0.23
Total Liabilities	535.68	433.86	420.92	388.61	287.19	159.97
Common Stock	115.73	114.8	114.8	82	61.5	52.88
Additional Paid-In Capital	1,543	1,490	1,479	1,498	218.04	25.64
Retained Earnings	274.94	220.41	157.15	172.6	61.69	26.62
Treasury Stock	-134.01	-134.01	-	-	-	-
Comprehensive Income & Other	0.01	-0.04	-0	-	-	-
Total Common Equity	1,800	1,691	1,751	1,752	341.23	105.14
Minority Interest	-0.94	0.02	-0.04	2.01	3.15	-1.43
Shareholders' Equity	1,799	1,691	1,751	1,754	344.38	103.71
Total Liabilities & Equity	2,335	2,125	2,172	2,143	631.57	263.69
Total Debt	244.34	217.78	240.85	153.2	21.92	22.52
Net Cash (Debt)	897.94	946.16	1,275	1,369	130.32	36.9
Net Cash Growth	-12.28%	-25.79%	-6.90%	950.76%	253.14%	1825.94%
Net Cash Per Share	8.04	8.37	11.11	13.71	1.63	0.50
Filing Date Shares Outstanding	112.82	111.89	113.57	114.8	86.1	86.1
Total Common Shares Outstanding	112.82	111.89	114.8	114.8	86.1	74.03
Working Capital	1,489	1,450	1,644	1,661	285.81	60.58
Book Value Per Share	15.95	15.12	15.26	15.27	3.96	1.42
Tangible Book Value	1,678	1,566	1,731	1,733	328.33	92.45
Tangible Book Value Per Share	14.87	14.00	15.08	15.09	3.81	1.25
Buildings	-	18.58	18.58	18.58	18.58	18.58
Machinery	-	67.33	54.08	36.29	17.73	10.72
Construction In Progress	-	3.19	1.41	0.25	-	-

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