SBT Ultrasonic Technology 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	575.19	933.81	852.37	1,249	959.28	101.33
Trading Asset Securities	457.95	115.35	311.56	266.55	563.32	50.92
Cash & Short-Term Investments	1,033	1,049	1,164	1,516	1,523	152.25
Cash Growth	-9.92%	-9.86%	-23.21%	-0.45%	900.09%	156.21%
Accounts Receivable	549.76	559.93	506.65	295.97	238.25	196.17
Other Receivables	11.27	8.72	16.01	1.98	2.09	0.13
Receivables	561.03	568.64	522.66	297.96	240.34	196.3
Inventory	407.91	336.85	174.09	226.52	258.65	187.05
Prepaid Expenses	-	-	-	-	-	0.71
Other Current Assets	36.4	20.17	12.67	10.78	10.51	22.55
Total Current Assets	2,038	1,975	1,873	2,051	2,032	558.86
Property, Plant & Equipment	271.41	172.35	69.84	65.82	59.48	41.9
Long-Term Investments	78.61	71.31	24.81	11.32	10	-
Other Intangible Assets	116.94	117.53	125.04	20.24	19.74	12.9
Long-Term Accounts Receivable	-	1.2	1.12	1.24	1.88	3.64
Long-Term Deferred Tax Assets	22.81	23.71	15.07	10.05	11.54	9.04
Long-Term Deferred Charges	7.46	6.55	13.5	5.62	5.29	4.29
Other Long-Term Assets	6.11	5.77	2.53	6.89	3.04	0.94
Total Assets	2,542	2,373	2,125	2,172	2,143	631.57
Accounts Payable	199.03	194.72	103.71	60.69	60.89	93.9
Accrued Expenses	52.84	56.96	51.23	35.86	39.47	31.97
Short-Term Debt	250.14	191.27	210.16	227.5	135.13	7.51
Current Portion of Leases	-	2.65	5.65	5.6	4.97	3.52
Current Income Taxes Payable	21.86	17.06	3.87	1.38	3.16	3.78
Current Unearned Revenue	108.27	70.43	31.03	63.01	107.73	105.24
Other Current Liabilities	33.15	18.26	18.2	13.38	19.74	27.13
Total Current Liabilities	666.7	551.35	423.85	407.43	371.09	273.05
Long-Term Leases	0.13	0.18	1.97	7.75	13.1	10.89
Long-Term Unearned Revenue	11.68	11.77	1.11	1.2	0.49	0.58
Long-Term Deferred Tax Liabilities	0.04	0.04	0.01	-	-	0.13
Other Long-Term Liabilities	10.57	9.95	6.92	4.54	3.93	2.54
Total Liabilities	689.13	573.3	433.86	420.92	388.61	287.19
Common Stock	115.73	115.73	114.8	114.8	82	61.5
Additional Paid-In Capital	1,549	1,544	1,490	1,479	1,498	218.04
Retained Earnings	326.21	275.9	220.41	157.15	172.6	61.69
Treasury Stock	-134.01	-134.01	-134.01	-	-	-
Comprehensive Income & Other	0.05	0.02	-0.04	-0	-	-
Total Common Equity	1,857	1,802	1,691	1,751	1,752	341.23
Minority Interest	-3.84	-1.71	0.02	-0.04	2.01	3.15
Shareholders' Equity	1,853	1,800	1,691	1,751	1,754	344.38
Total Liabilities & Equity	2,542	2,373	2,125	2,172	2,143	631.57
Total Debt	251.68	194.1	217.78	240.85	153.2	21.92
Net Cash (Debt)	781.45	855.07	946.16	1,275	1,369	130.32
Net Cash Growth	-15.99%	-9.63%	-25.79%	-6.90%	950.76%	253.14%
Net Cash Per Share	6.93	7.57	8.37	11.11	13.71	1.63
Filing Date Shares Outstanding	111.79	112.82	111.89	113.57	114.8	86.1
Total Common Shares Outstanding	111.79	112.82	111.89	114.8	114.8	86.1
Working Capital	1,372	1,423	1,450	1,644	1,661	285.81
Book Value Per Share	16.61	15.97	15.12	15.26	15.27	3.96
Tangible Book Value	1,740	1,684	1,566	1,731	1,733	328.33
Tangible Book Value Per Share	15.56	14.93	14.00	15.08	15.09	3.81
Buildings	-	18.58	18.58	18.58	18.58	18.58
Machinery	-	99.75	67.33	54.08	36.29	17.73
Construction In Progress	-	88.55	3.19	1.41	0.25	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.