Wafer Works (Shanghai) 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	671.49	1,304	442.87	478.3	372.58
Cash & Short-Term Investments	671.49	1,304	442.87	478.3	372.58
Cash Growth	-48.52%	194.52%	-7.41%	28.37%	17.31%
Accounts Receivable	249.52	207.74	198.55	316.84	333.32
Other Receivables	0.14	0.12	0.08	0.23	8.45
Receivables	249.66	207.86	198.64	317.08	341.77
Inventory	343.74	315.26	340.73	346.16	253.7
Prepaid Expenses	0.59	0.34	0.04	6.19	5.43
Other Current Assets	95.87	25.87	26.87	31.64	127.47
Total Current Assets	1,361	1,854	1,009	1,179	1,101
Property, Plant & Equipment	3,285	2,395	2,468	2,397	2,368
Long-Term Investments	31.1	-	-	-	-
Goodwill	0.03	0.03	0.03	0.03	0.03
Other Intangible Assets	114.55	118.87	123.02	132.34	135.28
Long-Term Deferred Tax Assets	28.38	49.31	21.85	17.4	14.71
Long-Term Deferred Charges	0.78	1.22	1.27	1.58	1.12
Other Long-Term Assets	91.99	152.75	50.55	24.24	57.7
Total Assets	4,913	4,571	3,673	3,752	3,678
Accounts Payable	133.24	74.76	63.02	153.32	167.2
Accrued Expenses	41.49	35.78	27.84	46.27	42.48
Short-Term Debt	-	10.01	120.23	108.91	349.21
Current Portion of Long-Term Debt	3.48	123.85	337.85	173.06	101.66
Current Portion of Leases	11.21	11.37	10.71	11.12	9.8
Current Income Taxes Payable	4.27	2.38	5.53	10.52	12.76
Current Unearned Revenue	48.59	74.11	83.79	120.46	29.23
Other Current Liabilities	0.7	0.61	10.12	1.27	6.48
Total Current Liabilities	242.97	332.88	659.08	624.94	718.83
Long-Term Debt	485.5	22	145.11	460.93	610.8
Long-Term Leases	14.18	25.14	36.38	47.09	55.01
Long-Term Unearned Revenue	37.35	45.94	39.32	31.3	33.05
Long-Term Deferred Tax Liabilities	3.69	4.22	4.73	5.29	0.14
Total Liabilities	783.7	430.18	884.62	1,170	1,418
Common Stock	665.46	665.46	595.85	595.85	595.85
Additional Paid-In Capital	2,648	2,652	1,291	1,272	1,264
Retained Earnings	815.91	823.65	901.48	714.21	400.56
Shareholders' Equity	4,130	4,141	2,789	2,583	2,260
Total Liabilities & Equity	4,913	4,571	3,673	3,752	3,678
Total Debt	514.37	192.37	650.27	801.11	1,126
Net Cash (Debt)	157.11	1,112	-207.4	-322.82	-753.91
Net Cash Growth	-85.87%	-	-	-	-
Net Cash Per Share	0.24	1.70	-0.34	-0.54	-1.32
Filing Date Shares Outstanding	665.46	665.46	595.85	595.85	595.85
Total Common Shares Outstanding	665.46	665.46	595.85	595.85	595.85
Working Capital	1,118	1,521	350.06	554.42	382.12
Book Value Per Share	6.21	6.22	4.68	4.33	3.79
Tangible Book Value	4,015	4,022	2,666	2,450	2,125
Tangible Book Value Per Share	6.03	6.04	4.47	4.11	3.57
Buildings	677.84	677.14	25.1	677.12	673.6
Machinery	3,321	3,156	3,604	2,691	2,357
Construction In Progress	1,078	151.94	152.88	110.71	205.94

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