Topsec Technologies Group 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	Jan '21 Jan 1, 2021
Cash & Equivalents	206.41	665.62	957.02	918.44	914.11	1,383
Trading Asset Securities	16.03	-	-	-	-	400.28
Cash & Short-Term Investments	222.44	665.62	957.02	918.44	914.11	1,783
Cash Growth	-26.37%	-30.45%	4.20%	0.47%	-48.74%	48.70%
Accounts Receivable	2,756	2,680	2,534	2,823	2,248	1,658
Other Receivables	78.23	87.28	85.17	484.94	906.13	1,067
Receivables	2,834	2,767	2,619	3,308	3,154	2,725
Inventory	450.83	406.26	462.86	572.93	509.04	431.33
Other Current Assets	32.27	38.23	76.05	44	79.95	78.77
Total Current Assets	3,540	3,877	4,115	4,843	4,657	5,019
Property, Plant & Equipment	464.7	496.9	547.65	629.54	469.41	380.35
Long-Term Investments	732.7	746.66	746.91	765.16	891.47	698.23
Goodwill	4,145	4,145	4,145	4,588	4,588	4,602
Other Intangible Assets	1,206	1,210	1,118	1,028	849.97	493.55
Long-Term Deferred Tax Assets	242.93	113.03	88.53	69.6	83.37	54.73
Long-Term Deferred Charges	29.62	35.11	36.5	40.25	44.38	160.08
Other Long-Term Assets	432.36	423.05	426.22	22.39	12.52	5.42
Total Assets	10,793	11,046	11,224	11,986	11,596	11,413
Accounts Payable	758.79	906.75	870.89	946.14	950.91	650.76
Accrued Expenses	100.81	224.1	281.67	380.24	387.8	372.68
Short-Term Debt	180	-	-	105.02	-	-
Current Portion of Long-Term Debt	-	-	-	-	-	4.62
Current Portion of Leases	45.03	38.05	35.58	35.29	39.98	31.11
Current Income Taxes Payable	17.88	0.81	0.22	53.97	67.12	75.66
Current Unearned Revenue	151.19	145.28	195.35	143.1	274.22	237.52
Other Current Liabilities	136.73	221.31	241.55	336.54	276.6	287.61
Total Current Liabilities	1,390	1,536	1,625	2,000	1,997	1,660
Long-Term Debt	-	-	-	-	-	14.41
Long-Term Leases	64.8	77.61	101.95	160.77	49.87	65.63
Long-Term Unearned Revenue	25.03	30.21	42.06	36.07	35.88	44.45
Long-Term Deferred Tax Liabilities	1.82	2.46	5.26	7.9	35.08	34.23
Other Long-Term Liabilities	1.9	1.81	-	-	-	-
Total Liabilities	1,484	1,648	1,775	2,205	2,117	1,819
Common Stock	1,179	1,179	1,185	1,185	1,186	1,172
Additional Paid-In Capital	6,210	6,350	6,461	6,446	6,348	6,052
Retained Earnings	2,375	2,634	2,572	2,944	2,762	2,580
Treasury Stock	-449.74	-761.36	-762.19	-787.38	-810.34	-209.5
Comprehensive Income & Other	-8.55	-8.55	-8.55	-8.55	-8.55	-7.9
Total Common Equity	9,307	9,393	9,447	9,779	9,477	9,586
Minority Interest	2.24	4.43	2.13	2.12	1.72	8.49
Shareholders' Equity	9,309	9,398	9,449	9,781	9,479	9,594
Total Liabilities & Equity	10,793	11,046	11,224	11,986	11,596	11,413
Total Debt	289.83	115.66	137.52	301.08	89.85	115.77
Net Cash (Debt)	-67.39	549.96	819.5	617.36	824.25	1,668
Net Cash Growth	-	-32.89%	32.74%	-25.10%	-50.57%	124.30%
Net Cash Per Share	-0.06	0.49	0.72	0.54	0.71	1.46
Filing Date Shares Outstanding	1,207	1,163	1,164	1,174	1,028	1,148
Total Common Shares Outstanding	1,207	1,163	1,164	1,174	1,028	1,172
Working Capital	2,149	2,341	2,490	2,843	2,661	3,359
Book Value Per Share	7.71	8.08	8.12	8.33	9.22	8.18
Tangible Book Value	3,956	4,039	4,184	4,163	4,039	4,490
Tangible Book Value Per Share	3.28	3.47	3.59	3.55	3.93	3.83
Buildings	-	388.36	412.88	406.15	186.08	197.11
Machinery	-	219.42	201.2	190.26	164.29	118.11
Construction In Progress	-	-	-	-	154.54	74.15

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