Baimtec Material 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	2,640	3,028	3,335	4,082	857.62	918.18
Short-Term Investments	-	1,323	781.75	1,104	-	-
Trading Asset Securities	2,506	2,052	2,935	2,609	-	-
Cash & Short-Term Investments	5,147	6,403	7,052	7,794	857.62	918.18
Cash Growth	-18.06%	-9.20%	-9.52%	808.80%	-6.59%	1484.29%
Accounts Receivable	2,210	2,156	2,241	1,768	1,435	1,194
Other Receivables	129.7	64.21	75.09	1.81	0.77	0.82
Receivables	2,340	2,220	2,316	1,770	1,436	1,195
Inventory	1,430	1,392	1,288	1,244	1,195	839.61
Prepaid Expenses	-	0.34	-	-	-	-
Other Current Assets	975.48	99.42	74.9	67.48	47.17	22.21
Total Current Assets	9,891	10,116	10,731	10,876	3,536	2,975
Property, Plant & Equipment	1,019	998.61	891.41	407.96	264.74	271.25
Long-Term Investments	62.4	62.4	60	-	-	-
Other Intangible Assets	312.04	318.06	149.15	153.05	186.61	13.86
Long-Term Deferred Tax Assets	67.88	70.81	50.02	37.57	37.28	22.07
Long-Term Deferred Charges	43.27	29.96	-	-	-	-
Other Long-Term Assets	423.17	432.01	418.65	29.36	54.66	27.93
Total Assets	11,819	12,028	12,301	11,504	4,080	3,310
Accounts Payable	945.8	1,155	1,126	1,090	940.15	753.05
Accrued Expenses	20.25	33.96	61.3	33.88	30.52	40.99
Short-Term Debt	60.04	60.04	60.04	-	-	-
Current Portion of Leases	-	28.52	42.51	35.87	29.5	24.05
Current Income Taxes Payable	-	0.08	1.32	1.37	0.67	45.62
Current Unearned Revenue	8.63	17.23	14.69	37.26	14.01	14.73
Other Current Liabilities	75.43	46.1	49.4	229.76	380.91	195.31
Total Current Liabilities	1,110	1,341	1,355	1,428	1,396	1,074
Long-Term Leases	-	62.02	74.29	48.36	46.65	65.27
Long-Term Unearned Revenue	189.91	191.53	197.93	-	-	-
Long-Term Deferred Tax Liabilities	17.8	15.62	20.2	14.61	12.17	-
Other Long-Term Liabilities	61.61	4	0.63	-0.22	34.35	1.39
Total Liabilities	1,379	1,614	1,648	1,491	1,489	1,140
Common Stock	450	450	450	450	360	360
Additional Paid-In Capital	8,132	8,227	8,699	8,468	1,651	1,651
Retained Earnings	1,844	1,724	1,427	1,088	571.52	149.22
Treasury Stock	-1.54	-0	-	-	-	-
Comprehensive Income & Other	15.13	13.25	9.76	6.52	8.68	10.02
Total Common Equity	10,439	10,414	10,586	10,013	2,591	2,170
Minority Interest	-	-	66.76	-	-	-
Shareholders' Equity	10,439	10,414	10,653	10,013	2,591	2,170
Total Liabilities & Equity	11,819	12,028	12,301	11,504	4,080	3,310
Total Debt	60.04	150.58	176.84	84.24	76.16	89.33
Net Cash (Debt)	5,087	6,253	6,876	7,710	781.46	828.85
Net Cash Growth	-17.37%	-9.06%	-10.82%	886.59%	-5.72%	-
Net Cash Per Share	11.34	13.88	15.33	19.40	2.17	2.30
Filing Date Shares Outstanding	445.6	450	450	450	360	360
Total Common Shares Outstanding	445.6	450	450	450	360	360
Working Capital	8,781	8,775	9,377	9,448	2,141	1,901
Book Value Per Share	23.43	23.14	23.52	22.25	7.20	6.03
Tangible Book Value	10,127	10,096	10,437	9,860	2,404	2,156
Tangible Book Value Per Share	22.73	22.43	23.19	21.91	6.68	5.99
Buildings	-	-	-	125.88	125.09	132.93
Machinery	-	-	-	466.82	399.91	384.96
Construction In Progress	-	-	-	107.76	24.08	8.01

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