SuZhou THVOW Technology. 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	845.7	967.38	559.48	1,004	1,484
Trading Asset Securities	-	-	-	0.24	-
Cash & Short-Term Investments	845.7	967.38	559.48	1,004	1,484
Cash Growth	-12.58%	72.91%	-44.29%	-32.32%	-34.46%
Accounts Receivable	2,276	2,362	2,174	10,885	14,197
Other Receivables	26.34	68.96	60.65	-	147.52
Receivables	2,302	2,431	2,235	10,898	14,389
Inventory	773.98	765.48	1,014	2,352	1,866
Other Current Assets	72.6	103.56	140.5	5,741	4,407
Total Current Assets	3,995	4,268	3,949	19,995	22,146
Property, Plant & Equipment	1,351	1,072	2,649	2,961	3,128
Long-Term Investments	22.98	22.98	22.98	288.1	289.16
Goodwill	-	-	-	24.3	1,762
Other Intangible Assets	164.07	169.07	173.73	182.13	188.35
Long-Term Deferred Tax Assets	101.27	74.16	91.96	80.94	865.44
Long-Term Deferred Charges	0.63	3.15	1.49	21.91	23.66
Other Long-Term Assets	68.74	384.74	68.74	68.66	68.66
Total Assets	5,704	5,994	6,957	23,622	28,472
Accounts Payable	1,123	1,133	1,094	8,217	9,601
Accrued Expenses	81.68	133.36	113.58	190.25	360.74
Short-Term Debt	882.18	829.63	1,624	8,626	4,979
Current Portion of Long-Term Debt	1,035	113.16	775.17	3,102	4,198
Current Portion of Leases	2.33	0.93	1.76	4.65	3.86
Current Income Taxes Payable	0.71	4.89	22.46	17.66	18.05
Current Unearned Revenue	527.15	640.71	729.63	3,500	2,638
Other Current Liabilities	37.31	81.84	84.19	538.66	674.83
Total Current Liabilities	3,690	2,937	4,445	24,196	22,473
Long-Term Debt	1,532	2,655	2,155	1,620	3,731
Long-Term Leases	2.03	-	1.15	16.63	17.03
Long-Term Unearned Revenue	-	-	0.18	15.78	14.33
Other Long-Term Liabilities	38.49	33.35	13.39	-	-
Total Liabilities	5,262	5,625	6,615	25,848	26,235
Common Stock	858.9	858.9	858.9	858.9	869.38
Additional Paid-In Capital	3,192	3,192	3,192	2,196	2,240
Retained Earnings	-3,870	-3,917	-3,941	-5,139	-1,251
Treasury Stock	-	-	-	-	-55
Comprehensive Income & Other	5.11	4.12	4.22	2.45	6.09
Total Common Equity	186.18	138.22	114.28	-2,082	1,810
Minority Interest	254.89	230.23	227.81	-144.3	426.97
Shareholders' Equity	441.07	368.45	342.09	-2,227	2,237
Total Liabilities & Equity	5,704	5,994	6,957	23,622	28,472
Total Debt	3,454	3,598	4,557	13,369	12,928
Net Cash (Debt)	-2,608	-2,631	-3,998	-12,365	-11,444
Net Cash Per Share	-2.78	-3.28	-4.67	-14.28	-13.21
Filing Date Shares Outstanding	858.9	858.9	858.9	858.9	858.9
Total Common Shares Outstanding	858.9	858.9	858.9	858.9	858.9
Working Capital	305.03	1,330	-496.52	-4,201	-326.96
Book Value Per Share	0.22	0.16	0.13	-2.42	2.11
Tangible Book Value	22.11	-30.85	-59.45	-2,289	-140.39
Tangible Book Value Per Share	0.03	-0.04	-0.07	-2.66	-0.16
Buildings	1,356	1,356	1,348	1,355	1,352
Machinery	746.65	745.9	743.72	771.87	772.45
Construction In Progress	318.06	1.41	1,531	1,767	1,872

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