Shenzhen Kaifa Technology 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	8,101	6,828	7,322	7,723	8,897	8,545
Short-Term Investments	-	40.01	-	-	-	-
Trading Asset Securities	100	100	-	-	-	614.41
Cash & Short-Term Investments	8,201	6,968	7,322	7,723	8,897	9,160
Cash Growth	-15.14%	-4.83%	-5.20%	-13.19%	-2.86%	8.93%
Accounts Receivable	4,240	4,295	3,980	3,912	2,744	2,789
Other Receivables	132.21	154.08	75.6	25.1	48.45	872.61
Receivables	4,372	4,451	4,057	3,940	2,793	3,661
Inventory	2,867	2,428	2,630	3,526	4,523	3,545
Other Current Assets	344.38	258.48	542.37	524.61	424.13	328.26
Total Current Assets	15,785	14,105	14,551	15,713	16,637	16,695
Property, Plant & Equipment	6,524	6,458	5,845	6,764	7,243	6,807
Long-Term Investments	1,035	1,055	1,265	1,444	1,365	1,244
Goodwill	10.31	10.31	10.31	10.31	10.31	10.31
Other Intangible Assets	294.17	300.87	316.29	418.32	585.14	595.01
Long-Term Deferred Tax Assets	362.78	359.99	144.75	154.14	113.65	95.52
Long-Term Deferred Charges	237.2	241.84	199.57	198.62	188.25	222.2
Other Long-Term Assets	4,212	4,166	4,442	2,680	1,671	1,380
Total Assets	28,461	26,698	26,773	27,383	27,813	27,049
Accounts Payable	4,219	2,894	3,509	3,375	2,532	3,136
Accrued Expenses	333.49	636.13	524.67	474.07	388.91	432.24
Short-Term Debt	5,890	5,333	5,192	5,587	8,683	8,141
Current Portion of Long-Term Debt	27.14	7.35	695.15	1,990	340	1,450
Current Portion of Leases	-	21.79	12.1	13.41	2.17	4.8
Current Income Taxes Payable	228.97	179.26	116.02	232.46	254.79	342.49
Current Unearned Revenue	145.64	169.65	375.73	753.52	653.44	195.12
Other Current Liabilities	458.6	600.39	218.19	231.62	551.28	754.13
Total Current Liabilities	11,303	9,842	10,642	12,658	13,406	14,456
Long-Term Debt	106.76	110.45	1,888	1,399	2,001	630
Long-Term Leases	73.56	73.32	31.42	38.68	4.88	27.39
Long-Term Unearned Revenue	40.35	135.1	128.33	157.05	136.58	79.04
Long-Term Deferred Tax Liabilities	134.39	208.36	217.7	340.72	299.9	380.09
Other Long-Term Liabilities	205.56	40.33	8	7.79	1.93	2.56
Total Liabilities	11,863	10,410	12,915	14,601	15,851	15,575
Common Stock	1,574	1,574	1,561	1,561	1,561	1,561
Additional Paid-In Capital	2,699	2,677	2,363	2,230	2,140	2,147
Retained Earnings	8,637	8,395	7,475	6,721	6,144	5,722
Comprehensive Income & Other	450.04	450.79	477.52	449.77	474.26	416.67
Total Common Equity	13,360	13,097	11,877	10,962	10,319	9,847
Minority Interest	3,237	3,192	1,981	1,819	1,644	1,627
Shareholders' Equity	16,597	16,288	13,858	12,781	11,962	11,474
Total Liabilities & Equity	28,461	26,698	26,773	27,383	27,813	27,049
Total Debt	6,097	5,546	7,818	9,029	11,031	10,254
Net Cash (Debt)	2,104	1,422	-495.91	-1,305	-2,134	-1,094
Net Cash Per Share	1.34	0.91	-0.32	-0.84	-1.37	-0.71
Filing Date Shares Outstanding	1,574	1,572	1,561	1,561	1,561	1,561
Total Common Shares Outstanding	1,574	1,572	1,561	1,561	1,561	1,561
Working Capital	4,482	4,263	3,909	3,056	3,231	2,239
Book Value Per Share	8.49	8.33	7.61	7.02	6.61	6.31
Tangible Book Value	13,056	12,786	11,550	10,534	9,723	9,242
Tangible Book Value Per Share	8.29	8.13	7.40	6.75	6.23	5.92
Buildings	-	3,669	3,605	3,132	2,624	2,409
Machinery	-	8,856	7,596	6,794	6,421	6,564
Construction In Progress	-	26.85	169.8	1,864	3,019	2,516

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