Sunsea AIoT Technology 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	251.93	280.71	185.66	416.24	765.05	556.19
Trading Asset Securities	0.58	0.61	-	-	-	-
Cash & Short-Term Investments	252.51	281.32	185.66	416.24	765.05	556.19
Cash Growth	-5.14%	51.52%	-55.40%	-45.59%	37.55%	9.99%
Accounts Receivable	1,089	1,209	1,468	1,752	2,743	3,245
Other Receivables	162.91	138.98	204.79	276.83	434.56	337.95
Receivables	1,252	1,348	1,673	2,029	3,177	3,583
Inventory	316.49	361.32	394.02	749.21	1,060	1,076
Prepaid Expenses	-	-	0.05	6.11	-	-
Other Current Assets	137.46	163.1	104.41	129.35	264.57	461.32
Total Current Assets	1,958	2,154	2,357	3,329	5,267	5,676
Property, Plant & Equipment	155.83	173.53	190.1	255.97	355.62	305.87
Long-Term Investments	72.07	72.79	70.68	131.45	179.71	222.98
Goodwill	220.8	220.8	225.07	248.92	409.18	451.13
Other Intangible Assets	228.77	271.03	321.21	361.87	329.82	245.7
Long-Term Accounts Receivable	116.87	140.22	192.15	251.43	-	47.58
Long-Term Deferred Tax Assets	232.33	236.24	239.25	218.76	119.87	74.64
Long-Term Deferred Charges	40.63	40.51	57.35	71.85	149.26	65.1
Other Long-Term Assets	0.51	6.66	0.6	1.5	297.14	5.43
Total Assets	3,026	3,315	3,654	4,871	7,108	7,095
Accounts Payable	1,040	1,141	1,322	1,980	2,238	1,948
Accrued Expenses	60.94	74.07	164.92	168.64	159.65	154.5
Short-Term Debt	795.13	1,572	1,488	1,476	2,069	1,493
Current Portion of Long-Term Debt	42.15	37.82	35.3	30.37	52.81	115.85
Current Portion of Leases	-	21.11	28.43	35.82	27.37	-
Current Income Taxes Payable	-	6.44	20.32	23.58	23.47	16.4
Current Unearned Revenue	56.97	52.76	72.28	156.13	165.66	146.64
Other Current Liabilities	461.47	150.37	132.01	122.92	149.31	410.2
Total Current Liabilities	2,457	3,056	3,263	3,993	4,885	4,285
Long-Term Debt	481.82	109.14	147.56	145.41	149.61	64.87
Long-Term Leases	6.45	13.82	15.24	58.05	60.68	-
Long-Term Unearned Revenue	4.5	4.5	4.5	4.5	7.5	5.2
Long-Term Deferred Tax Liabilities	12.05	13.05	13.48	13.1	14.51	16.31
Other Long-Term Liabilities	55.56	57.06	15.4	10.54	0.6	5
Total Liabilities	3,017	3,254	3,459	4,225	5,118	4,376
Common Stock	374.4	374.4	374.4	374.4	374.4	374.4
Additional Paid-In Capital	2,058	2,058	2,058	2,058	2,058	2,130
Retained Earnings	-2,245	-2,190	-2,057	-1,692	-407.55	184.38
Comprehensive Income & Other	-173.68	-175.38	-175.11	-87.8	-51.31	-0.46
Total Common Equity	13.38	66.47	200.48	652.32	1,973	2,688
Minority Interest	-4.83	-4.92	-6.25	-6.02	16.77	30.02
Shareholders' Equity	8.55	61.56	194.23	646.3	1,990	2,718
Total Liabilities & Equity	3,026	3,315	3,654	4,871	7,108	7,095
Total Debt	1,326	1,754	1,715	1,746	2,359	1,674
Net Cash (Debt)	-1,073	-1,473	-1,529	-1,330	-1,594	-1,118
Net Cash Per Share	-2.89	-3.96	-4.07	-3.56	-4.21	-3.25
Filing Date Shares Outstanding	374.4	374.4	374.4	374.4	374.4	374.4
Total Common Shares Outstanding	374.4	374.4	374.4	374.4	374.4	374.4
Working Capital	-498.89	-902.64	-906	-663.86	382.35	1,391
Book Value Per Share	0.04	0.18	0.54	1.74	5.27	7.18
Tangible Book Value	-436.19	-425.35	-345.8	41.53	1,234	1,991
Tangible Book Value Per Share	-1.17	-1.14	-0.92	0.11	3.30	5.32
Buildings	-	79.56	79.56	80.1	81.88	81.86
Machinery	-	213.01	210.61	240.38	407.52	466.05
Construction In Progress	-	-	-	-	0.07	12.48

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