Tatwah Smartech 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	95.53	91.33	106.5	304.87	344.74	552.39
Cash & Short-Term Investments	95.53	91.33	106.5	304.87	344.74	552.39
Cash Growth	-4.54%	-14.24%	-65.07%	-11.56%	-37.59%	18.31%
Accounts Receivable	270.33	293.84	297.76	199.28	265.52	453.9
Other Receivables	34.97	35.42	60.6	171.14	67.74	168.32
Receivables	305.3	329.25	358.36	370.42	333.25	622.22
Inventory	377.64	239.69	181.4	296.6	530.79	270.29
Other Current Assets	34.33	64.63	24.65	718.53	88.01	103.44
Total Current Assets	812.8	724.9	670.91	1,690	1,297	1,548
Property, Plant & Equipment	215.39	211.1	435.84	1,895	1,447	679.02
Long-Term Investments	495.38	639.99	721.52	66.15	335.86	445.05
Goodwill	227.09	227.09	239.9	277.72	298.27	239.9
Other Intangible Assets	290.29	292.75	332.21	264.16	488.37	507.66
Long-Term Accounts Receivable	-	-	-	-	27.04	53.22
Long-Term Deferred Tax Assets	107.34	107.73	113.19	143.26	118.56	90.86
Long-Term Deferred Charges	3.06	6.81	7.08	134.8	144.8	135.98
Other Long-Term Assets	96.53	97.29	116.43	10.11	704.97	625.54
Total Assets	2,248	2,308	2,637	4,482	4,862	4,326
Accounts Payable	628.34	569.52	606.29	949.03	683.67	896.13
Accrued Expenses	42.39	81.45	93.48	74.48	76.43	79.83
Short-Term Debt	66.56	88.1	47.76	57.81	85.89	347.13
Current Portion of Long-Term Debt	-	24.89	24.44	341.29	17.5	17.5
Current Portion of Leases	-	8.8	4.36	17.2	20.3	3.64
Current Income Taxes Payable	10.35	1	0.43	1.11	1	2.95
Current Unearned Revenue	155.87	81.31	76.43	168.96	438.54	82.86
Other Current Liabilities	846.14	851.17	853.51	854.59	1,059	953.16
Total Current Liabilities	1,750	1,706	1,707	2,464	2,383	2,383
Long-Term Debt	98.34	244.9	269.92	672.8	685.45	323.74
Long-Term Leases	17.37	7.24	1.69	16.94	33.93	6.55
Long-Term Unearned Revenue	27.35	28.18	30.12	55.82	61.91	49.98
Long-Term Deferred Tax Liabilities	1.64	2.16	1.21	10.31	28.19	17.73
Other Long-Term Liabilities	-	-	188.14	192.08	183.92	191.53
Total Liabilities	1,894	1,989	2,198	3,412	3,376	2,973
Common Stock	1,112	1,112	1,147	1,147	1,147	1,147
Additional Paid-In Capital	1,501	1,501	1,485	1,481	1,481	1,200
Retained Earnings	-2,212	-2,248	-2,046	-2,071	-1,701	-1,374
Treasury Stock	-47.23	-47.23	-142.91	-142.91	-142.91	-142.91
Comprehensive Income & Other	-29.09	-29.09	-29.08	-29.08	-29.08	-29.08
Total Common Equity	325.33	288.9	413.69	385.28	754.37	801.39
Minority Interest	28.2	30.05	25.63	684.11	731.21	551.45
Shareholders' Equity	353.53	318.94	439.32	1,069	1,486	1,353
Total Liabilities & Equity	2,248	2,308	2,637	4,482	4,862	4,326
Total Debt	182.27	373.93	348.18	1,106	843.07	698.56
Net Cash (Debt)	-86.74	-282.6	-241.68	-801.16	-498.33	-146.17
Net Cash Per Share	-0.08	-0.26	-0.22	-0.73	-0.45	-0.13
Filing Date Shares Outstanding	1,094	1,095	1,095	1,095	1,095	1,095
Total Common Shares Outstanding	1,094	1,095	1,095	1,095	1,095	1,095
Working Capital	-936.85	-981.33	-1,036	-774.04	-1,086	-834.86
Book Value Per Share	0.30	0.26	0.38	0.35	0.69	0.73
Tangible Book Value	-192.06	-230.95	-158.42	-156.6	-32.27	53.84
Tangible Book Value Per Share	-0.18	-0.21	-0.14	-0.14	-0.03	0.05
Buildings	-	92.9	92.9	1,049	403.64	352.32
Machinery	-	205.13	211.06	531.29	463.84	213.93
Construction In Progress	-	99.96	313.56	743.48	971.7	336.03