Suzhou Sepax Technologies 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	-	103.08	258.79	335.33	65.25
Short-Term Investments	-	0.08	0.1	0.02	0.02
Trading Asset Securities	-	1.95	8.06	3.5	546.08
Cash & Short-Term Investments	344.22	105.11	266.94	338.86	611.35
Cash Growth	227.48%	-60.62%	-21.22%	-44.57%	2626.86%
Accounts Receivable	-	91.83	56.92	47.37	32.86
Other Receivables	-	0.5	1.23	0.88	0.81
Receivables	-	92.33	58.15	48.25	33.67
Inventory	-	93.94	106.11	89.78	46.01
Other Current Assets	-	299.01	2.96	5.79	12.97
Total Current Assets	-	590.39	434.16	482.67	704
Property, Plant & Equipment	-	249.31	256.59	254.49	249.81
Long-Term Investments	-	274.87	350.19	251.2	-
Other Intangible Assets	-	11.35	11.82	12.41	10.58
Long-Term Deferred Tax Assets	-	18.7	15.39	10.92	10.3
Long-Term Deferred Charges	-	32.18	28.18	29.35	3.12
Other Long-Term Assets	-	5.5	5.67	6.89	6.54
Total Assets	-	1,182	1,102	1,048	984.35
Accounts Payable	-	1.36	1.55	14.42	16.15
Accrued Expenses	-	18.8	14.37	8.87	5.7
Short-Term Debt	-	0.39	0.41	0.63	4.76
Current Portion of Leases	-	5.68	5.5	4.62	4.32
Current Income Taxes Payable	-	3.67	8.51	2.06	0.18
Current Unearned Revenue	-	6.06	0.89	1.98	1.75
Other Current Liabilities	-	4.81	5.59	0.72	0.77
Total Current Liabilities	-	40.76	36.82	33.29	33.63
Long-Term Leases	-	37.79	43.07	46.3	46.61
Long-Term Unearned Revenue	-	5.72	14.45	15.53	7.37
Long-Term Deferred Tax Liabilities	-	-	1.83	5.56	7.27
Total Liabilities	-	84.27	96.17	100.67	94.88
Common Stock	-	366.49	366.49	366.49	366.49
Additional Paid-In Capital	-	483.59	479.91	477.12	474.33
Retained Earnings	-	237.23	152.07	99.59	52.45
Comprehensive Income & Other	-	0.75	-0.93	-2.28	-8.43
Total Common Equity	1,320	1,088	997.54	940.91	884.84
Minority Interest	-	9.98	8.29	6.33	4.63
Shareholders' Equity	1,330	1,098	1,006	947.25	889.47
Total Liabilities & Equity	-	1,182	1,102	1,048	984.35
Total Debt	53.68	43.86	48.98	51.55	55.7
Net Cash (Debt)	290.55	61.26	217.96	287.31	555.66
Net Cash Growth	374.32%	-71.90%	-24.14%	-48.29%	-
Net Cash Per Share	0.70	0.17	0.59	0.78	1.79
Filing Date Shares Outstanding	416.46	366.49	366.49	366.49	366.49
Total Common Shares Outstanding	416.46	366.49	366.49	366.49	366.49
Working Capital	-	549.63	397.34	449.38	670.38
Book Value Per Share	3.17	2.97	2.72	2.57	2.41
Tangible Book Value	1,309	1,077	985.72	928.51	874.26
Tangible Book Value Per Share	3.14	2.94	2.69	2.53	2.39
Buildings	-	183.19	173.97	171.3	171.3
Machinery	-	81.17	78.35	70.31	45.14
Construction In Progress	-	3.27	8.66	1.73	12.54

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