SuZhou THVOW 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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	591.26	967.38	559.48	1,004	1,484	2,264	Upgrade
Trading Asset Securities	-	-	-	0.24	-	-	Upgrade
Cash & Short-Term Investments	591.26	967.38	559.48	1,004	1,484	2,264	Upgrade
Cash Growth	44.72%	72.91%	-44.29%	-32.32%	-34.46%	-11.76%	Upgrade
Accounts Receivable	2,205	2,362	2,174	10,885	14,197	14,660	Upgrade
Other Receivables	27.99	68.96	60.65	-	147.52	3,007	Upgrade
Receivables	2,233	2,431	2,235	10,898	14,389	17,667	Upgrade
Inventory	834.6	765.48	1,014	2,352	1,866	1,914	Upgrade
Other Current Assets	127.1	103.56	140.5	5,741	4,407	2,484	Upgrade
Total Current Assets	3,786	4,268	3,949	19,995	22,146	24,329	Upgrade
Property, Plant & Equipment	1,041	1,072	2,649	2,961	3,128	2,721	Upgrade
Long-Term Investments	22.98	22.98	22.98	288.1	289.16	282.75	Upgrade
Goodwill	-	-	-	24.3	1,762	1,957	Upgrade
Other Intangible Assets	164.95	169.07	173.73	182.13	188.35	195.19	Upgrade
Long-Term Deferred Tax Assets	77.42	74.16	91.96	80.94	865.44	814.31	Upgrade
Long-Term Deferred Charges	2.34	3.15	1.49	21.91	23.66	20.4	Upgrade
Other Long-Term Assets	384.74	384.74	68.74	68.66	68.66	68.66	Upgrade
Total Assets	5,480	5,994	6,957	23,622	28,472	30,388	Upgrade
Accounts Payable	1,154	1,133	1,094	8,217	9,601	9,826	Upgrade
Accrued Expenses	41.59	133.36	113.58	190.25	360.74	341.49	Upgrade
Short-Term Debt	392.28	829.63	1,624	8,626	4,979	5,353	Upgrade
Current Portion of Long-Term Debt	608.78	113.16	775.17	3,102	4,198	1,271	Upgrade
Current Portion of Leases	-	0.93	1.76	4.65	3.86	27.22	Upgrade
Current Income Taxes Payable	11.5	4.89	22.46	17.66	18.05	22.48	Upgrade
Current Unearned Revenue	480.07	640.71	729.63	3,500	2,638	4,082	Upgrade
Other Current Liabilities	141.64	81.84	84.19	538.66	674.83	1,421	Upgrade
Total Current Liabilities	2,830	2,937	4,445	24,196	22,473	22,345	Upgrade
Long-Term Debt	2,159	2,655	2,155	1,620	3,731	4,917	Upgrade
Long-Term Leases	2.76	-	1.15	16.63	17.03	24.45	Upgrade
Long-Term Unearned Revenue	-	-	0.18	15.78	14.33	15.41	Upgrade
Other Long-Term Liabilities	41.06	33.35	13.39	-	-	-	Upgrade
Total Liabilities	5,033	5,625	6,615	25,848	26,235	27,301	Upgrade
Common Stock	858.9	858.9	858.9	858.9	869.38	869.38	Upgrade
Additional Paid-In Capital	3,192	3,192	3,192	2,196	2,240	2,240	Upgrade
Retained Earnings	-3,859	-3,917	-3,941	-5,139	-1,251	-557.24	Upgrade
Treasury Stock	-	-	-	-	-55	-55	Upgrade
Comprehensive Income & Other	5.07	4.12	4.22	2.45	6.09	5.58	Upgrade
Total Common Equity	196.79	138.22	114.28	-2,082	1,810	2,503	Upgrade
Minority Interest	250.31	230.23	227.81	-144.3	426.97	583.37	Upgrade
Shareholders' Equity	447.1	368.45	342.09	-2,227	2,237	3,086	Upgrade
Total Liabilities & Equity	5,480	5,994	6,957	23,622	28,472	30,388	Upgrade
Total Debt	3,162	3,598	4,557	13,369	12,928	11,593	Upgrade
Net Cash (Debt)	-2,571	-2,631	-3,998	-12,365	-11,444	-9,328	Upgrade
Net Cash Per Share	-2.55	-3.28	-4.67	-14.28	-13.21	-10.86	Upgrade
Filing Date Shares Outstanding	858.9	858.9	858.9	858.9	858.9	858.9	Upgrade
Total Common Shares Outstanding	858.9	858.9	858.9	858.9	858.9	858.9	Upgrade
Working Capital	955.92	1,330	-496.52	-4,201	-326.96	1,984	Upgrade
Book Value Per Share	0.23	0.16	0.13	-2.42	2.11	2.91	Upgrade
Tangible Book Value	31.84	-30.85	-59.45	-2,289	-140.39	351.39	Upgrade
Tangible Book Value Per Share	0.04	-0.04	-0.07	-2.66	-0.16	0.41	Upgrade
Buildings	-	1,356	1,348	1,355	1,352	1,348	Upgrade
Machinery	-	745.9	743.72	771.87	772.45	785.97	Upgrade
Construction In Progress	-	1.41	1,531	1,767	1,872	1,394	Upgrade

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