Wafer Works (Shanghai) 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	615.82	671.49	1,304	442.87	478.3	372.58
Cash & Short-Term Investments	615.82	671.49	1,304	442.87	478.3	372.58
Cash Growth	-46.81%	-48.52%	194.52%	-7.41%	28.37%	17.31%
Accounts Receivable	228.61	249.52	207.74	198.55	316.84	333.32
Other Receivables	0.19	0.14	0.12	0.08	0.23	8.45
Receivables	228.8	249.66	207.86	198.64	317.08	341.77
Inventory	365.14	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	107.05	95.87	25.87	26.87	31.64	127.47
Total Current Assets	1,317	1,361	1,854	1,009	1,179	1,101
Property, Plant & Equipment	3,322	3,285	2,395	2,468	2,397	2,368
Long-Term Investments	27.9	31.1	-	-	-	-
Goodwill	0.03	0.03	0.03	0.03	0.03	0.03
Other Intangible Assets	113.79	114.55	118.87	123.02	132.34	135.28
Long-Term Deferred Tax Assets	27.57	28.38	49.31	21.85	17.4	14.71
Long-Term Deferred Charges	0.71	0.78	1.22	1.27	1.58	1.12
Other Long-Term Assets	130.51	91.99	152.75	50.55	24.24	57.7
Total Assets	4,940	4,913	4,571	3,673	3,752	3,678
Accounts Payable	140.47	133.24	74.76	63.02	153.32	167.2
Accrued Expenses	14.76	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	14.39	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	3.19	4.27	2.38	5.53	10.52	12.76
Current Unearned Revenue	47.95	48.59	74.11	83.79	120.46	29.23
Other Current Liabilities	14.87	0.7	0.61	10.12	1.27	6.48
Total Current Liabilities	235.64	242.97	332.88	659.08	624.94	718.83
Long-Term Debt	485.5	485.5	22	145.11	460.93	610.8
Long-Term Leases	10.27	14.18	25.14	36.38	47.09	55.01
Long-Term Unearned Revenue	43.36	37.35	45.94	39.32	31.3	33.05
Long-Term Deferred Tax Liabilities	3.56	3.69	4.22	4.73	5.29	0.14
Total Liabilities	778.33	783.7	430.18	884.62	1,170	1,418
Common Stock	669.2	665.46	665.46	595.85	595.85	595.85
Additional Paid-In Capital	2,664	2,648	2,652	1,291	1,272	1,264
Retained Earnings	828.46	815.91	823.65	901.48	714.21	400.56
Shareholders' Equity	4,161	4,130	4,141	2,789	2,583	2,260
Total Liabilities & Equity	4,940	4,913	4,571	3,673	3,752	3,678
Total Debt	510.16	514.37	192.37	650.27	801.11	1,126
Net Cash (Debt)	105.67	157.11	1,112	-207.4	-322.82	-753.91
Net Cash Growth	-89.67%	-85.87%	-	-	-	-
Net Cash Per Share	0.16	0.24	1.70	-0.34	-0.54	-1.32
Filing Date Shares Outstanding	627.53	665.46	665.46	595.85	595.85	595.85
Total Common Shares Outstanding	627.53	665.46	665.46	595.85	595.85	595.85
Working Capital	1,081	1,118	1,521	350.06	554.42	382.12
Book Value Per Share	6.63	6.21	6.22	4.68	4.33	3.79
Tangible Book Value	4,047	4,015	4,022	2,666	2,450	2,125
Tangible Book Value Per Share	6.45	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.