Suzhou Sepax Technologies Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	268.52	103.08	258.79	335.33	65.25	15.86
Short-Term Investments	-	0.08	0.1	0.02	0.02	0.86
Trading Asset Securities	75.7	1.95	8.06	3.5	546.08	5.69
Cash & Short-Term Investments	344.22	105.11	266.94	338.86	611.35	22.42
Cash Growth	-	-60.62%	-21.22%	-44.57%	2626.86%	3.30%
Accounts Receivable	157.39	91.83	56.92	47.37	32.86	16.84
Other Receivables	0.98	0.5	1.23	0.88	0.81	1.55
Receivables	158.37	92.33	58.15	48.25	33.67	19.75
Inventory	97.54	93.94	106.11	89.78	46.01	25
Other Current Assets	258.42	299.01	2.96	5.79	12.97	8.41
Total Current Assets	858.56	590.39	434.16	482.67	704	75.57
Property, Plant & Equipment	238.99	249.31	256.59	254.49	249.81	184.34
Long-Term Investments	-	274.87	350.19	251.2	-	-
Other Intangible Assets	11.02	11.35	11.82	12.41	10.58	10.27
Long-Term Deferred Tax Assets	22.23	18.7	15.39	10.92	10.3	9.49
Long-Term Deferred Charges	10.48	32.18	28.18	29.35	3.12	1.84
Other Long-Term Assets	285.83	5.5	5.67	6.89	6.54	0.97
Total Assets	1,427	1,182	1,102	1,048	984.35	282.49
Accounts Payable	7.11	1.36	1.55	14.42	16.15	31.28
Accrued Expenses	11.68	18.8	14.37	8.87	5.7	5.56
Short-Term Debt	14.75	0.39	0.41	0.63	4.76	9.9
Current Portion of Long-Term Debt	-	-	-	-	-	70.1
Current Portion of Leases	5.98	5.68	5.5	4.62	4.32	-
Current Income Taxes Payable	13.65	3.67	8.51	2.06	0.18	0.22
Current Unearned Revenue	3.47	6.06	0.89	1.98	1.75	6.05
Other Current Liabilities	1.21	4.81	5.59	0.72	0.77	22.87
Total Current Liabilities	57.85	40.76	36.82	33.29	33.63	145.99
Long-Term Leases	32.95	37.79	43.07	46.3	46.61	-
Long-Term Unearned Revenue	6.2	5.72	14.45	15.53	7.37	5.2
Long-Term Deferred Tax Liabilities	-	-	1.83	5.56	7.27	5.7
Total Liabilities	97	84.27	96.17	100.67	94.88	156.89
Common Stock	416.46	366.49	366.49	366.49	366.49	24.08
Additional Paid-In Capital	601.5	483.59	479.91	477.12	474.33	118.62
Retained Earnings	302.54	237.23	152.07	99.59	52.45	-14.09
Comprehensive Income & Other	-0.82	0.75	-0.93	-2.28	-8.43	-6.71
Total Common Equity	1,320	1,088	997.54	940.91	884.84	121.89
Minority Interest	10.42	9.98	8.29	6.33	4.63	3.71
Shareholders' Equity	1,330	1,098	1,006	947.25	889.47	125.6
Total Liabilities & Equity	1,427	1,182	1,102	1,048	984.35	282.49
Total Debt	53.68	43.86	48.98	51.55	55.7	80
Net Cash (Debt)	290.55	61.26	217.96	287.31	555.66	-57.58
Net Cash Growth	-	-71.90%	-24.14%	-48.29%	-	-
Net Cash Per Share	0.73	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	800.71	549.63	397.34	449.38	670.38	-70.42
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	111.62
Tangible Book Value Per Share	3.14	2.94	2.69	2.53	2.39	-
Buildings	-	183.19	173.97	171.3	171.3	88.94
Machinery	-	81.17	78.35	70.31	45.14	30.45
Construction In Progress	-	3.27	8.66	1.73	12.54	88.74

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