Tatwah Smartech Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	91.33	106.5	304.87	344.74	552.39
Cash & Short-Term Investments	91.33	106.5	304.87	344.74	552.39
Cash Growth	-14.24%	-65.07%	-11.56%	-37.59%	18.31%
Accounts Receivable	293.84	297.76	199.28	265.52	453.9
Other Receivables	35.42	60.6	171.14	67.74	168.32
Receivables	329.25	358.36	370.42	333.25	622.22
Inventory	239.69	181.4	296.6	530.79	270.29
Other Current Assets	64.63	24.65	718.53	88.01	103.44
Total Current Assets	724.9	670.91	1,690	1,297	1,548
Property, Plant & Equipment	211.1	435.84	1,895	1,447	679.02
Long-Term Investments	639.99	721.52	66.15	335.86	445.05
Goodwill	227.09	239.9	277.72	298.27	239.9
Other Intangible Assets	292.75	332.21	264.16	488.37	507.66
Long-Term Accounts Receivable	-	-	-	27.04	53.22
Long-Term Deferred Tax Assets	107.73	113.19	143.26	118.56	90.86
Long-Term Deferred Charges	6.81	7.08	134.8	144.8	135.98
Other Long-Term Assets	97.29	116.43	10.11	704.97	625.54
Total Assets	2,308	2,637	4,482	4,862	4,326
Accounts Payable	569.52	606.29	949.03	683.67	896.13
Accrued Expenses	30.34	93.48	74.48	76.43	79.83
Short-Term Debt	88.1	47.76	57.81	85.89	347.13
Current Portion of Long-Term Debt	48.21	24.44	341.29	17.5	17.5
Current Portion of Leases	-	4.36	17.2	20.3	3.64
Current Income Taxes Payable	11.72	0.43	1.11	1	2.95
Current Unearned Revenue	79.9	76.43	168.96	438.54	82.86
Other Current Liabilities	878.45	853.51	854.59	1,059	953.16
Total Current Liabilities	1,706	1,707	2,464	2,383	2,383
Long-Term Debt	244.9	269.92	672.8	685.45	323.74
Long-Term Leases	7.24	1.69	16.94	33.93	6.55
Long-Term Unearned Revenue	28.18	30.12	55.82	61.91	49.98
Long-Term Deferred Tax Liabilities	2.16	1.21	10.31	28.19	17.73
Other Long-Term Liabilities	-	188.14	192.08	183.92	191.53
Total Liabilities	1,989	2,198	3,412	3,376	2,973
Common Stock	1,112	1,147	1,147	1,147	1,147
Additional Paid-In Capital	1,501	1,485	1,481	1,481	1,200
Retained Earnings	-2,248	-2,046	-2,071	-1,701	-1,374
Treasury Stock	-47.23	-142.91	-142.91	-142.91	-142.91
Comprehensive Income & Other	-29.09	-29.08	-29.08	-29.08	-29.08
Total Common Equity	288.9	413.69	385.28	754.37	801.39
Minority Interest	30.05	25.63	684.11	731.21	551.45
Shareholders' Equity	318.94	439.32	1,069	1,486	1,353
Total Liabilities & Equity	2,308	2,637	4,482	4,862	4,326
Total Debt	388.45	348.18	1,106	843.07	698.56
Net Cash (Debt)	-297.12	-241.68	-801.16	-498.33	-146.17
Net Cash Per Share	-0.27	-0.22	-0.73	-0.45	-0.13
Filing Date Shares Outstanding	1,096	1,095	1,095	1,095	1,095
Total Common Shares Outstanding	1,096	1,095	1,095	1,095	1,095
Working Capital	-981.33	-1,036	-774.04	-1,086	-834.86
Book Value Per Share	0.26	0.38	0.35	0.69	0.73
Tangible Book Value	-230.95	-158.42	-156.6	-32.27	53.84
Tangible Book Value Per Share	-0.21	-0.14	-0.14	-0.03	0.05
Buildings	-	92.9	1,049	403.64	352.32
Machinery	-	211.06	531.29	463.84	213.93
Construction In Progress	-	313.56	743.48	971.7	336.03

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