SBT Ultrasonic Technology 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	460.87	933.81	852.37	1,249	959.28	101.33
Trading Asset Securities	437.91	115.35	311.56	266.55	563.32	50.92
Cash & Short-Term Investments	898.78	1,049	1,164	1,516	1,523	152.25
Cash Growth	-21.52%	-9.86%	-23.21%	-0.45%	900.09%	156.21%
Accounts Receivable	582.43	559.93	506.65	295.97	238.25	196.17
Other Receivables	10.26	8.72	16.01	1.98	2.09	0.13
Receivables	592.68	568.64	522.66	297.96	240.34	196.3
Inventory	538.24	336.85	174.09	226.52	258.65	187.05
Prepaid Expenses	-	-	-	-	-	0.71
Other Current Assets	41.89	20.17	12.67	10.78	10.51	22.55
Total Current Assets	2,072	1,975	1,873	2,051	2,032	558.86
Property, Plant & Equipment	304.69	172.35	69.84	65.82	59.48	41.9
Long-Term Investments	152.82	71.31	24.81	11.32	10	-
Other Intangible Assets	116.41	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	24.04	23.71	15.07	10.05	11.54	9.04
Long-Term Deferred Charges	7.79	6.55	13.5	5.62	5.29	4.29
Other Long-Term Assets	9.6	5.77	2.53	6.89	3.04	0.94
Total Assets	2,687	2,373	2,125	2,172	2,143	631.57

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	274.41	194.72	103.71	60.69	60.89	93.9
Accrued Expenses	41.81	56.96	51.23	35.86	39.47	31.97
Short-Term Debt	226.61	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	5.75	17.06	3.87	1.38	3.16	3.78
Current Unearned Revenue	172.7	70.43	31.03	63.01	107.73	105.24
Other Current Liabilities	34.98	18.26	18.2	13.38	19.74	27.13
Total Current Liabilities	761.62	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	11.59	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	11.61	9.95	6.92	4.54	3.93	2.54
Total Liabilities	784.87	573.3	433.86	420.92	388.61	287.19

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	115.73	115.73	114.8	114.8	82	61.5
Additional Paid-In Capital	1,554	1,544	1,490	1,479	1,498	218.04
Retained Earnings	356.28	275.9	220.41	157.15	172.6	61.69
Treasury Stock	-134.01	-134.01	-134.01	-	-	-
Comprehensive Income & Other	0.03	0.02	-0.04	-0	-	-
Total Common Equity	1,892	1,802	1,691	1,751	1,752	341.23
Minority Interest	10.12	-1.71	0.02	-0.04	2.01	3.15
Shareholders' Equity	1,902	1,800	1,691	1,751	1,754	344.38
Total Liabilities & Equity	2,687	2,373	2,125	2,172	2,143	631.57

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	231.97	194.1	217.78	240.85	153.2	21.92
Net Cash (Debt)	666.81	855.07	946.16	1,275	1,369	130.32
Net Cash Growth	-25.90%	-9.63%	-25.79%	-6.90%	950.76%	253.14%
Net Cash Per Share	5.86	7.57	8.37	11.11	13.71	1.63
Filing Date Shares Outstanding	114.47	112.82	111.89	113.57	114.8	86.1
Total Common Shares Outstanding	114.47	112.82	111.89	114.8	114.8	86.1
Working Capital	1,310	1,423	1,450	1,644	1,661	285.81
Book Value Per Share	16.53	15.97	15.12	15.26	15.27	3.96
Tangible Book Value	1,776	1,684	1,566	1,731	1,733	328.33
Tangible Book Value Per Share	15.51	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	-