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 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	422.16	551.52	665.62	957.02	918.44	914.11
Cash & Short-Term Investments	422.16	551.52	665.62	957.02	918.44	914.11
Cash Growth	19.76%	-17.14%	-30.45%	4.20%	0.47%	-48.74%
Accounts Receivable	2,716	2,808	2,680	2,534	2,823	2,248
Other Receivables	124.82	67.78	87.28	85.17	484.94	906.13
Receivables	2,841	2,876	2,767	2,619	3,308	3,154
Inventory	592.84	390.24	406.26	462.86	572.93	509.04
Other Current Assets	77.26	216.55	38.23	76.05	44	79.95
Total Current Assets	3,933	4,034	3,877	4,115	4,843	4,657
Property, Plant & Equipment	437.46	453.12	496.9	547.65	629.54	469.41
Long-Term Investments	737.08	743.39	746.66	746.91	765.16	891.47
Goodwill	4,145	4,145	4,145	4,145	4,588	4,588
Other Intangible Assets	1,049	1,068	994.14	1,118	1,028	849.97
Long-Term Deferred Tax Assets	224.3	133.03	113.03	88.53	69.6	83.37
Long-Term Deferred Charges	237.24	222.71	250.72	36.5	40.25	44.38
Other Long-Term Assets	426.35	426.21	423.05	426.22	22.39	12.52
Total Assets	11,189	11,226	11,046	11,224	11,986	11,596
Accounts Payable	802.63	907.93	906.75	870.89	946.14	950.91
Accrued Expenses	182.43	295.14	224.1	281.67	380.24	387.8
Short-Term Debt	280	-	-	-	105.02	-
Current Portion of Leases	34.99	31.39	38.05	35.58	35.29	39.98
Current Income Taxes Payable	8.4	0.04	0.81	0.22	53.97	67.12
Current Unearned Revenue	139.62	150.49	145.28	195.35	143.1	274.22
Other Current Liabilities	127.06	126.2	221.31	241.55	336.54	276.6
Total Current Liabilities	1,575	1,511	1,536	1,625	2,000	1,997
Long-Term Leases	53.99	60.57	77.61	101.95	160.77	49.87
Long-Term Unearned Revenue	26.12	25.48	30.21	42.06	36.07	35.88
Long-Term Deferred Tax Liabilities	1.76	1.78	2.46	5.26	7.9	35.08
Other Long-Term Liabilities	-	-	1.81	-	-	-
Total Liabilities	1,657	1,599	1,648	1,775	2,205	2,117
Common Stock	1,179	1,179	1,179	1,185	1,185	1,186
Additional Paid-In Capital	6,100	6,094	6,350	6,461	6,446	6,348
Retained Earnings	2,584	2,685	2,634	2,572	2,944	2,762
Treasury Stock	-325.59	-325.59	-761.36	-762.19	-787.38	-810.34
Comprehensive Income & Other	-8.55	-8.55	-8.55	-8.55	-8.55	-8.55
Total Common Equity	9,530	9,624	9,393	9,447	9,779	9,477
Minority Interest	2.22	2.25	4.43	2.13	2.12	1.72
Shareholders' Equity	9,532	9,627	9,398	9,449	9,781	9,479
Total Liabilities & Equity	11,189	11,226	11,046	11,224	11,986	11,596
Total Debt	368.98	91.96	115.66	137.52	301.08	89.85
Net Cash (Debt)	53.18	459.56	549.96	819.5	617.36	824.25
Net Cash Growth	-77.81%	-16.44%	-32.89%	32.74%	-25.10%	-50.57%
Net Cash Per Share	0.05	0.40	0.49	0.72	0.54	0.71
Filing Date Shares Outstanding	1,180	1,254	1,163	1,164	1,174	1,028
Total Common Shares Outstanding	1,180	1,254	1,163	1,164	1,174	1,028
Working Capital	2,358	2,523	2,341	2,490	2,843	2,661
Book Value Per Share	8.08	7.68	8.08	8.12	8.33	9.22
Tangible Book Value	4,336	4,411	4,255	4,184	4,163	4,039
Tangible Book Value Per Share	3.68	3.52	3.66	3.59	3.55	3.93
Buildings	-	389.55	388.36	412.88	406.15	186.08
Machinery	-	231.44	219.42	201.2	190.26	164.29
Construction In Progress	-	-	-	-	-	154.54

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