SBT Ultrasonic Technology 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	933.81	852.37	1,249	959.28	101.33
Trading Asset Securities	115.35	311.56	266.55	563.32	50.92
Cash & Short-Term Investments	1,049	1,164	1,516	1,523	152.25
Cash Growth	-9.86%	-23.21%	-0.45%	900.09%	156.21%
Accounts Receivable	559.93	506.65	295.97	238.25	196.17
Other Receivables	8.72	16.01	1.98	2.09	0.13
Receivables	568.64	522.66	297.96	240.34	196.3
Inventory	336.85	174.09	226.52	258.65	187.05
Prepaid Expenses	-	-	-	-	0.71
Other Current Assets	20.17	12.67	10.78	10.51	22.55
Total Current Assets	1,975	1,873	2,051	2,032	558.86
Property, Plant & Equipment	172.35	69.84	65.82	59.48	41.9
Long-Term Investments	71.31	24.81	11.32	10	-
Other Intangible Assets	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	23.71	15.07	10.05	11.54	9.04
Long-Term Deferred Charges	6.55	13.5	5.62	5.29	4.29
Other Long-Term Assets	5.77	2.53	6.89	3.04	0.94
Total Assets	2,373	2,125	2,172	2,143	631.57
Accounts Payable	194.72	103.71	60.69	60.89	93.9
Accrued Expenses	56.96	51.23	35.86	39.47	31.97
Short-Term Debt	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	17.06	3.87	1.38	3.16	3.78
Current Unearned Revenue	70.43	31.03	63.01	107.73	105.24
Other Current Liabilities	18.26	18.2	13.38	19.74	27.13
Total Current Liabilities	551.35	423.85	407.43	371.09	273.05
Long-Term Leases	0.18	1.97	7.75	13.1	10.89
Long-Term Unearned Revenue	11.77	1.11	1.2	0.49	0.58
Long-Term Deferred Tax Liabilities	0.04	0.01	-	-	0.13
Other Long-Term Liabilities	9.95	6.92	4.54	3.93	2.54
Total Liabilities	573.3	433.86	420.92	388.61	287.19
Common Stock	115.73	114.8	114.8	82	61.5
Additional Paid-In Capital	1,544	1,490	1,479	1,498	218.04
Retained Earnings	275.9	220.41	157.15	172.6	61.69
Treasury Stock	-134.01	-134.01	-	-	-
Comprehensive Income & Other	0.02	-0.04	-0	-	-
Total Common Equity	1,802	1,691	1,751	1,752	341.23
Minority Interest	-1.71	0.02	-0.04	2.01	3.15
Shareholders' Equity	1,800	1,691	1,751	1,754	344.38
Total Liabilities & Equity	2,373	2,125	2,172	2,143	631.57
Total Debt	194.1	217.78	240.85	153.2	21.92
Net Cash (Debt)	855.07	946.16	1,275	1,369	130.32
Net Cash Growth	-9.63%	-25.79%	-6.90%	950.76%	253.14%
Net Cash Per Share	7.57	8.37	11.11	13.71	1.63
Filing Date Shares Outstanding	112.82	111.89	113.57	114.8	86.1
Total Common Shares Outstanding	112.82	111.89	114.8	114.8	86.1
Working Capital	1,423	1,450	1,644	1,661	285.81
Book Value Per Share	15.97	15.12	15.26	15.27	3.96
Tangible Book Value	1,684	1,566	1,731	1,733	328.33
Tangible Book Value Per Share	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	-

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