Shenzhen Topband 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	1,522	79.43	23.63	197.84	1,403	1,768
Short-Term Investments	-	1,729	1,701	1,353	-	-
Trading Asset Securities	787.09	538.1	739.45	656.7	342.96	215
Cash & Short-Term Investments	2,309	2,346	2,464	2,207	1,746	1,983
Cash Growth	-6.04%	-4.77%	11.63%	26.41%	-11.93%	37.15%
Accounts Receivable	3,267	3,188	3,172	2,764	2,857	2,387
Other Receivables	31.68	48.38	38.62	36.52	77.74	50.16
Receivables	3,298	3,237	3,211	2,801	2,934	2,437
Inventory	2,683	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	638.27	575.26	369.27	250.36	197.66	134.54
Total Current Assets	8,929	8,381	7,862	6,919	6,881	6,758
Property, Plant & Equipment	3,744	3,743	3,573	2,772	2,181	1,853
Long-Term Investments	175.59	148.52	83.97	78.94	23.55	26.12
Goodwill	78.11	78.11	108.77	110.73	110.73	110.73
Other Intangible Assets	682.58	711.12	643.78	607.11	547.32	435.64
Long-Term Deferred Tax Assets	124	122.18	102.68	155.04	129.29	102.79
Long-Term Deferred Charges	274.03	253.34	314.14	317	233.17	161.51
Other Long-Term Assets	135.85	130.93	160.6	223.59	278.61	159.02
Total Assets	14,143	13,568	12,849	11,184	10,385	9,607
Accounts Payable	3,951	3,909	3,506	2,885	2,672	2,742
Accrued Expenses	143.25	330.17	329.4	316.94	289.69	225.19
Short-Term Debt	1,947	1,392	1,224	279.35	283.35	409.53
Current Portion of Long-Term Debt	44.13	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	52.61	26.83	28.84	27.48	19.65	0.44
Current Unearned Revenue	168.29	116.46	131.44	168.68	138.28	93.33
Other Current Liabilities	309.87	302.68	499.18	177.93	344.71	415.55
Total Current Liabilities	6,616	6,121	5,855	4,226	3,823	3,934
Long-Term Debt	476.58	404.45	245.74	437.75	581.5	475.02
Long-Term Leases	13.89	22.92	42.08	61.43	73.61	40.29
Long-Term Unearned Revenue	13.1	14.05	13.36	11.15	13.37	14.39
Long-Term Deferred Tax Liabilities	24.91	23.41	20.22	77.73	71.09	26.28
Total Liabilities	7,144	6,586	6,176	4,815	4,563	4,490
Common Stock	1,247	1,247	1,247	1,247	1,270	1,257
Additional Paid-In Capital	2,162	2,150	2,090	2,056	2,266	2,140
Retained Earnings	3,854	3,802	3,524	2,926	2,486	1,966
Treasury Stock	-155.69	-155.69	-155.69	-112.43	-284.26	-242.53
Comprehensive Income & Other	-107.29	-60.34	-32.28	168.31	-8.48	-91.83
Total Common Equity	7,000	6,982	6,672	6,285	5,729	5,028
Minority Interest	-0.65	-0.58	0.05	84.68	93.39	88.56
Shareholders' Equity	6,999	6,982	6,672	6,370	5,823	5,117
Total Liabilities & Equity	14,143	13,568	12,849	11,184	10,385	9,607
Total Debt	2,481	1,863	1,649	1,149	1,014	972.56
Net Cash (Debt)	-172.24	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	-0.14	0.39	0.67	0.84	0.58	0.84
Filing Date Shares Outstanding	1,229	1,229	1,118	1,235	1,264	1,274
Total Common Shares Outstanding	1,229	1,229	1,118	1,235	1,264	1,274
Working Capital	2,313	2,260	2,006	2,693	3,058	2,824
Book Value Per Share	5.70	5.68	5.97	5.09	4.53	3.95
Tangible Book Value	6,239	6,193	5,920	5,567	5,071	4,482
Tangible Book Value Per Share	5.08	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

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