Shenzhen Topband 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	1,650	23.63	197.84	1,403	1,768	1,219
Short-Term Investments	-	1,701	1,353	-	-	-
Trading Asset Securities	686.96	739.45	656.7	342.96	215	226.49
Cash & Short-Term Investments	2,337	2,464	2,207	1,746	1,983	1,446
Cash Growth	0.31%	11.63%	26.41%	-11.93%	37.15%	20.00%
Accounts Receivable	3,175	3,172	2,764	2,857	2,387	1,987
Other Receivables	30.43	38.62	36.52	77.74	50.16	40.73
Receivables	3,206	3,211	2,801	2,934	2,437	2,028
Inventory	2,292	1,811	1,654	1,993	2,184	1,115
Prepaid Expenses	-	6.78	6.94	10.47	19.85	3.84
Other Current Assets	566.84	369.27	250.36	197.66	134.54	84.19
Total Current Assets	8,401	7,862	6,919	6,881	6,758	4,677
Property, Plant & Equipment	3,778	3,573	2,772	2,181	1,853	1,389
Long-Term Investments	124.51	83.97	78.94	23.55	26.12	6.5
Goodwill	108.77	108.77	110.73	110.73	110.73	108.64
Other Intangible Assets	671.78	643.78	607.11	547.32	435.64	279.28
Long-Term Deferred Tax Assets	134.48	102.68	155.04	129.29	102.79	55.19
Long-Term Deferred Charges	289.6	314.14	317	233.17	161.51	134.94
Other Long-Term Assets	173.29	160.6	223.59	278.61	159.02	123.88
Total Assets	13,681	12,849	11,184	10,385	9,607	6,775
Accounts Payable	3,942	3,506	2,885	2,672	2,742	2,265
Accrued Expenses	171.57	329.4	316.94	289.69	225.19	204.56
Short-Term Debt	1,372	1,224	279.35	283.35	409.53	402.15
Current Portion of Long-Term Debt	49.98	106.79	326.21	37.14	27.21	-
Current Portion of Leases	-	29.7	44.41	38.22	20.51	-
Current Income Taxes Payable	71.08	28.84	27.48	19.65	0.44	41.73
Current Unearned Revenue	165.73	131.44	168.68	138.28	93.33	72.58
Other Current Liabilities	359.74	499.18	177.93	344.71	415.55	47.12
Total Current Liabilities	6,132	5,855	4,226	3,823	3,934	3,034
Long-Term Debt	412.27	245.74	437.75	581.5	475.02	200
Long-Term Leases	32.43	42.08	61.43	73.61	40.29	-
Long-Term Unearned Revenue	12.23	13.36	11.15	13.37	14.39	14.62
Long-Term Deferred Tax Liabilities	21.69	20.22	77.73	71.09	26.28	11.82
Total Liabilities	6,611	6,176	4,815	4,563	4,490	3,260
Common Stock	1,247	1,247	1,247	1,270	1,257	1,135
Additional Paid-In Capital	2,176	1,974	2,056	2,266	2,140	969.37
Retained Earnings	3,858	3,524	2,926	2,486	1,966	1,457
Treasury Stock	-155.69	-155.69	-112.43	-284.26	-242.53	-80.02
Comprehensive Income & Other	-54.74	83.75	168.31	-8.48	-91.83	-24.56
Total Common Equity	7,070	6,672	6,285	5,729	5,028	3,457
Minority Interest	-0.19	0.05	84.68	93.39	88.56	57.37
Shareholders' Equity	7,070	6,672	6,370	5,823	5,117	3,515
Total Liabilities & Equity	13,681	12,849	11,184	10,385	9,607	6,775
Total Debt	1,867	1,649	1,149	1,014	972.56	602.15
Net Cash (Debt)	469.81	815.35	1,058	732.17	1,010	843.44
Net Cash Growth	-53.79%	-22.93%	44.50%	-27.51%	19.75%	139.77%
Net Cash Per Share	0.39	0.67	0.84	0.58	0.84	0.81
Filing Date Shares Outstanding	1,228	1,118	1,235	1,264	1,274	1,120
Total Common Shares Outstanding	1,228	1,118	1,235	1,264	1,274	1,120
Working Capital	2,269	2,006	2,693	3,058	2,824	1,643
Book Value Per Share	5.76	5.97	5.09	4.53	3.95	3.09
Tangible Book Value	6,290	5,920	5,567	5,071	4,482	3,069
Tangible Book Value Per Share	5.12	5.29	4.51	4.01	3.52	2.74
Buildings	-	1,741	1,345	1,211	816.04	752.99
Machinery	-	1,855	1,449	1,191	925.48	690.55
Construction In Progress	-	768.22	568.11	234.78	495.25	292.47

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.