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 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	449.92	482.92	280.71	185.66	416.24	765.05
Trading Asset Securities	0.57	0.57	0.61	-	-	-
Cash & Short-Term Investments	450.5	483.49	281.32	185.66	416.24	765.05
Cash Growth	27.45%	71.86%	51.52%	-55.40%	-45.59%	37.55%
Accounts Receivable	891.62	947.73	1,209	1,468	1,752	2,743
Other Receivables	219.52	170.48	138.98	204.79	276.83	434.56
Receivables	1,111	1,118	1,348	1,673	2,029	3,177
Inventory	407.69	331.97	361.32	394.02	749.21	1,060
Prepaid Expenses	-	-	-	0.05	6.11	-
Other Current Assets	136.68	155.94	163.1	104.41	129.35	264.57
Total Current Assets	2,106	2,090	2,154	2,357	3,329	5,267
Property, Plant & Equipment	108.79	96.04	173.53	190.1	255.97	355.62
Long-Term Investments	68.97	69.13	72.79	70.68	131.45	179.71
Goodwill	215.57	215.57	220.8	225.07	248.92	409.18
Other Intangible Assets	212.72	219.18	271.03	321.21	361.87	329.82
Long-Term Accounts Receivable	100.02	108.23	140.22	192.15	251.43	-
Long-Term Deferred Tax Assets	231.67	232.63	236.24	239.25	218.76	119.87
Long-Term Deferred Charges	20.74	27.79	40.51	57.35	71.85	149.26
Other Long-Term Assets	0.5	3.67	6.66	0.6	1.5	297.14
Total Assets	3,065	3,062	3,315	3,654	4,871	7,108
Accounts Payable	976.35	1,198	1,141	1,322	1,980	2,238
Accrued Expenses	47.53	69	74.07	164.92	168.64	159.65
Short-Term Debt	753.2	806.77	1,572	1,488	1,476	2,069
Current Portion of Long-Term Debt	41.91	35.36	37.82	35.3	30.37	52.81
Current Portion of Leases	-	2.18	21.11	28.43	35.82	27.37
Current Income Taxes Payable	6.95	2.95	6.44	20.32	23.58	23.47
Current Unearned Revenue	107.17	90.35	52.76	72.28	156.13	165.66
Other Current Liabilities	535.29	259.08	150.37	132.01	122.92	149.31
Total Current Liabilities	2,468	2,463	3,056	3,263	3,993	4,885
Long-Term Debt	469.24	473.24	109.14	147.56	145.41	149.61
Long-Term Leases	11.27	1.85	13.82	15.24	58.05	60.68
Long-Term Unearned Revenue	-	-	4.5	4.5	4.5	7.5
Long-Term Deferred Tax Liabilities	10.39	10.72	13.05	13.48	13.1	14.51
Other Long-Term Liabilities	33.85	54.15	57.06	15.4	10.54	0.6
Total Liabilities	2,993	3,003	3,254	3,459	4,225	5,118
Common Stock	374.4	374.4	374.4	374.4	374.4	374.4
Additional Paid-In Capital	2,293	2,293	2,058	2,058	2,058	2,058
Retained Earnings	-2,408	-2,418	-2,190	-2,057	-1,692	-407.55
Comprehensive Income & Other	-182.86	-186.39	-175.38	-175.11	-87.8	-51.31
Total Common Equity	76.69	63.3	66.47	200.48	652.32	1,973
Minority Interest	-4.84	-4.84	-4.92	-6.25	-6.02	16.77
Shareholders' Equity	71.85	58.46	61.56	194.23	646.3	1,990
Total Liabilities & Equity	3,065	3,062	3,315	3,654	4,871	7,108
Total Debt	1,276	1,319	1,754	1,715	1,746	2,359
Net Cash (Debt)	-825.13	-835.9	-1,473	-1,529	-1,330	-1,594
Net Cash Per Share	-2.21	-2.24	-3.96	-4.07	-3.56	-4.21
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	-362.39	-373.84	-902.64	-906	-663.86	382.35
Book Value Per Share	0.20	0.17	0.18	0.54	1.74	5.27
Tangible Book Value	-351.61	-371.46	-425.35	-345.8	41.53	1,234
Tangible Book Value Per Share	-0.94	-0.99	-1.14	-0.92	0.11	3.30
Buildings	-	77.88	79.56	79.56	80.1	81.88
Machinery	-	117.16	213.01	210.61	240.38	407.52
Construction In Progress	-	-	-	-	-	0.07

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