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	-	1,304	442.87	478.3	372.58
Cash & Short-Term Investments	764.75	1,304	442.87	478.3	372.58
Cash Growth	-41.37%	194.52%	-7.41%	28.37%	17.31%
Accounts Receivable	-	207.74	198.55	316.84	333.32
Other Receivables	-	0.12	0.08	0.23	8.45
Receivables	-	207.86	198.64	317.08	341.77
Inventory	-	315.26	340.73	346.16	253.7
Prepaid Expenses	-	0.34	0.04	6.19	5.43
Other Current Assets	-	25.87	26.87	31.64	127.47
Total Current Assets	-	1,854	1,009	1,179	1,101
Property, Plant & Equipment	-	2,395	2,468	2,397	2,368
Goodwill	-	0.03	0.03	0.03	0.03
Other Intangible Assets	-	118.87	123.02	132.34	135.28
Long-Term Deferred Tax Assets	-	49.31	21.85	17.4	14.71
Long-Term Deferred Charges	-	1.22	1.27	1.58	1.12
Other Long-Term Assets	-	152.75	50.55	24.24	57.7
Total Assets	-	4,571	3,673	3,752	3,678
Accounts Payable	-	74.76	63.02	153.32	167.2
Accrued Expenses	-	26.16	27.84	46.27	42.48
Short-Term Debt	-	10.01	120.23	108.91	349.21
Current Portion of Long-Term Debt	-	123.85	337.85	173.06	101.66
Current Portion of Leases	-	11.37	10.71	11.12	9.8
Current Income Taxes Payable	-	2.38	5.53	10.52	12.76
Current Unearned Revenue	-	74.11	83.79	120.46	29.23
Other Current Liabilities	-	10.23	10.12	1.27	6.48
Total Current Liabilities	-	332.88	659.08	624.94	718.83
Long-Term Debt	-	22	145.11	460.93	610.8
Long-Term Leases	-	25.14	36.38	47.09	55.01
Long-Term Unearned Revenue	-	45.94	39.32	31.3	33.05
Long-Term Deferred Tax Liabilities	-	4.22	4.73	5.29	0.14
Total Liabilities	-	430.18	884.62	1,170	1,418
Common Stock	-	665.46	595.85	595.85	595.85
Additional Paid-In Capital	-	2,652	1,291	1,272	1,264
Retained Earnings	-	823.65	901.48	714.21	400.56
Shareholders' Equity	4,123	4,141	2,789	2,583	2,260
Total Liabilities & Equity	-	4,571	3,673	3,752	3,678
Total Debt	318.39	192.37	650.27	801.11	1,126
Net Cash (Debt)	446.36	1,112	-207.4	-322.82	-753.91
Net Cash Growth	-59.86%	-	-	-	-
Net Cash Per Share	0.68	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	-	1,521	350.06	554.42	382.12
Book Value Per Share	6.20	6.22	4.68	4.33	3.79
Tangible Book Value	4,007	4,022	2,666	2,450	2,125
Tangible Book Value Per Share	6.02	6.04	4.47	4.11	3.57
Buildings	-	26.07	25.1	677.12	673.6
Machinery	-	3,798	3,604	2,691	2,357
Construction In Progress	-	151.94	152.88	110.71	205.94

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