Zhejiang MTCN 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	149.16	137.13	166.44	311.22	398.42	392.33
Cash & Short-Term Investments	149.16	137.13	166.44	311.22	398.42	392.33
Cash Growth	-29.60%	-17.61%	-46.52%	-21.89%	1.55%	-1.92%
Accounts Receivable	205.76	207.16	195.18	145.77	137.72	213.74
Other Receivables	1.85	1.64	1.15	1.15	2.1	2.25
Receivables	207.61	208.8	196.33	146.91	139.82	215.99
Inventory	113.39	106.67	108.19	130.7	198.09	146.58
Other Current Assets	2.21	1.16	3.75	4.28	9.64	10.49
Total Current Assets	472.37	453.75	474.71	593.11	745.97	765.39
Property, Plant & Equipment	643.25	652.96	668.72	659.89	555.97	337.96
Goodwill	-	-	-	-	-	1.16
Other Intangible Assets	68.22	69.2	73.14	75.48	53.55	56.83
Long-Term Deferred Tax Assets	76.83	77.01	67.29	52.04	23.92	11.7
Long-Term Deferred Charges	-	-	-	0.01	0.08	0.26
Other Long-Term Assets	2.39	0.72	0.77	3.59	24.3	75.34
Total Assets	1,263	1,254	1,285	1,384	1,404	1,249
Accounts Payable	122.46	122.15	145.76	135.35	195.43	194.48
Accrued Expenses	9.61	17.49	25.83	21.87	21.5	20.74
Short-Term Debt	78.39	79.62	50.04	50.46	50.8	96.55
Current Portion of Long-Term Debt	8.82	92.77	164.18	62.77	10.21	-
Current Portion of Leases	-	-	1.41	2.12	1.33	2.08
Current Income Taxes Payable	6.91	7.06	0.85	3.58	8.84	7.67
Current Unearned Revenue	5.08	7.72	6.15	1.01	1.29	2.69
Other Current Liabilities	9.27	12.43	48.62	22	33.2	13.15
Total Current Liabilities	240.55	339.25	442.85	299.17	322.61	337.37
Long-Term Debt	289.75	194.95	138.65	201.25	190	-
Long-Term Leases	0.28	0.38	0.66	2.07	1.18	2.47
Long-Term Unearned Revenue	48.49	49.27	52.24	54.92	26.95	23.9
Long-Term Deferred Tax Liabilities	2.75	2.4	1.47	1.23	1.36	0.64
Total Liabilities	581.82	586.25	635.87	558.64	542.1	364.38
Common Stock	129.62	129.62	130.23	100.63	101.02	99.76
Additional Paid-In Capital	274.03	274.03	283.41	379.42	386.08	357.34
Retained Earnings	287.64	273.79	250.1	227.33	281.52	321.97
Treasury Stock	-10.05	-10.05	-14.98	-18.7	-26.93	-
Total Common Equity	681.24	667.39	648.76	688.68	741.69	779.07
Minority Interest	-	-	-	136.8	120.01	105.2
Shareholders' Equity	681.24	667.39	648.76	825.48	861.69	884.27
Total Liabilities & Equity	1,263	1,254	1,285	1,384	1,404	1,249
Total Debt	377.24	367.72	354.94	318.66	253.52	101.11
Net Cash (Debt)	-228.08	-230.59	-188.5	-7.44	144.9	291.22
Net Cash Growth	-	-	-	-	-50.24%	-27.20%
Net Cash Per Share	-1.80	-1.77	-1.46	-0.06	1.09	2.25
Filing Date Shares Outstanding	125.9	129.08	196.17	130.75	131.32	129.69
Total Common Shares Outstanding	125.9	129.08	196.17	130.82	131.32	129.69
Working Capital	231.82	114.5	31.86	293.95	423.36	428.02
Book Value Per Share	5.41	5.17	3.31	5.26	5.65	6.01
Tangible Book Value	613.02	598.19	575.62	613.2	688.14	721.08
Tangible Book Value Per Share	4.87	4.63	2.93	4.69	5.24	5.56
Buildings	-	-	395.69	308.58	297.6	159.99
Machinery	-	-	486.49	433.29	360.34	177.82
Construction In Progress	-	-	15.37	86.59	16.78	79.63

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