Shenzhen Topband 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	79.43	23.63	197.84	1,403	1,768
Short-Term Investments	1,729	1,701	1,353	-	-
Trading Asset Securities	538.1	739.45	656.7	342.96	215
Cash & Short-Term Investments	2,346	2,464	2,207	1,746	1,983
Cash Growth	-4.77%	11.63%	26.41%	-11.93%	37.15%
Accounts Receivable	3,188	3,172	2,764	2,857	2,387
Other Receivables	48.38	38.62	36.52	77.74	50.16
Receivables	3,236	3,211	2,801	2,934	2,437
Inventory	2,196	1,811	1,654	1,993	2,184
Prepaid Expenses	26.78	6.78	6.94	10.47	19.85
Other Current Assets	575.86	369.27	250.36	197.66	134.54
Total Current Assets	8,381	7,862	6,919	6,881	6,758
Property, Plant & Equipment	3,743	3,573	2,772	2,181	1,853
Long-Term Investments	148.52	83.97	78.94	23.55	26.12
Goodwill	78.11	108.77	110.73	110.73	110.73
Other Intangible Assets	711.12	643.78	607.11	547.32	435.64
Long-Term Deferred Tax Assets	122.18	102.68	155.04	129.29	102.79
Long-Term Deferred Charges	253.34	314.14	317	233.17	161.51
Other Long-Term Assets	130.93	160.6	223.59	278.61	159.02
Total Assets	13,568	12,849	11,184	10,385	9,607
Accounts Payable	3,909	3,506	2,885	2,672	2,742
Accrued Expenses	330.17	329.4	316.94	289.69	225.19
Short-Term Debt	1,392	1,224	279.35	283.35	409.53
Current Portion of Long-Term Debt	14.44	106.79	326.21	37.14	27.21
Current Portion of Leases	28.69	29.7	44.41	38.22	20.51
Current Income Taxes Payable	26.83	28.84	27.48	19.65	0.44
Current Unearned Revenue	116.46	131.44	168.68	138.28	93.33
Other Current Liabilities	302.68	499.18	177.93	344.71	415.55
Total Current Liabilities	6,121	5,855	4,226	3,823	3,934
Long-Term Debt	404.45	245.74	437.75	581.5	475.02
Long-Term Leases	22.92	42.08	61.43	73.61	40.29
Long-Term Unearned Revenue	14.05	13.36	11.15	13.37	14.39
Long-Term Deferred Tax Liabilities	23.41	20.22	77.73	71.09	26.28
Total Liabilities	6,586	6,176	4,815	4,563	4,490
Common Stock	1,247	1,247	1,247	1,270	1,257
Additional Paid-In Capital	2,150	2,090	2,056	2,266	2,140
Retained Earnings	3,802	3,524	2,926	2,486	1,966
Treasury Stock	-155.69	-155.69	-112.43	-284.26	-242.53
Comprehensive Income & Other	-60.34	-32.28	168.31	-8.48	-91.83
Total Common Equity	6,982	6,672	6,285	5,729	5,028
Minority Interest	-0.58	0.05	84.68	93.39	88.56
Shareholders' Equity	6,982	6,672	6,370	5,823	5,117
Total Liabilities & Equity	13,568	12,849	11,184	10,385	9,607
Total Debt	1,863	1,649	1,149	1,014	972.56
Net Cash (Debt)	483.34	815.35	1,058	732.17	1,010
Net Cash Growth	-40.72%	-22.93%	44.50%	-27.51%	19.75%
Net Cash Per Share	0.39	0.67	0.84	0.58	0.84
Filing Date Shares Outstanding	1,229	1,118	1,235	1,264	1,274
Total Common Shares Outstanding	1,229	1,118	1,235	1,264	1,274
Working Capital	2,260	2,006	2,693	3,058	2,824
Book Value Per Share	5.68	5.97	5.09	4.53	3.95
Tangible Book Value	6,193	5,920	5,567	5,071	4,482
Tangible Book Value Per Share	5.04	5.29	4.51	4.01	3.52
Buildings	1,966	1,741	1,345	1,211	816.04
Machinery	1,966	1,855	1,449	1,191	925.48
Construction In Progress	803.97	768.22	568.11	234.78	495.25

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.