Xiamen Changelight 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	589.57	698.68	670.68	1,014	427.23
Short-Term Investments	-	55.33	100.91	1.18	-
Trading Asset Securities	454.16	427.44	420.97	600.39	-
Cash & Short-Term Investments	1,044	1,181	1,193	1,615	427.23
Cash Growth	-11.66%	-0.93%	-26.17%	278.06%	-16.46%
Accounts Receivable	936.23	1,147	1,190	1,049	1,139
Other Receivables	2.53	2.78	2.13	39.5	38.64
Receivables	938.76	1,150	1,192	1,089	1,177
Inventory	807.61	574.93	478.4	536.66	464.19
Other Current Assets	129.8	87.32	49.18	29.82	218.13
Total Current Assets	2,920	2,994	2,912	3,270	2,287
Property, Plant & Equipment	2,867	3,138	3,034	3,134	3,246
Long-Term Investments	146.6	161.8	170.18	176.78	119.7
Other Intangible Assets	135.05	160.21	172.82	175.17	181.38
Long-Term Deferred Tax Assets	309.47	245.17	228.33	223.08	192.87
Long-Term Deferred Charges	2.05	3.76	7.57	20.43	10.13
Other Long-Term Assets	33.92	6.15	82.55	15.07	36.74
Total Assets	6,414	6,709	6,608	7,015	6,074
Accounts Payable	866.44	843.52	615.3	509.38	496.53
Accrued Expenses	50.18	68.52	81.12	53.24	64.38
Short-Term Debt	704.38	692.57	470.35	475.79	613.78
Current Portion of Long-Term Debt	36.39	365.2	357.49	175.9	189.18
Current Portion of Leases	-	12.17	2.43	1.43	3.43
Current Income Taxes Payable	26.52	4.24	7.57	1.88	-
Current Unearned Revenue	2.93	1.4	1.68	3.92	1.31
Other Current Liabilities	26.76	14.14	6.94	613.87	1,042
Total Current Liabilities	1,714	2,002	1,543	1,835	2,410
Long-Term Debt	149.23	353.41	637.77	776.53	715.24
Long-Term Leases	4.1	14.81	4.05	0.21	1.46
Long-Term Unearned Revenue	235.96	211.83	246.24	279.17	321.44
Long-Term Deferred Tax Liabilities	0.69	11.27	10.84	38.25	36.85
Other Long-Term Liabilities	7.67	-	-	-	-
Total Liabilities	2,111	2,593	2,442	2,930	3,485
Common Stock	920.33	920.33	913.16	903.58	707.39
Additional Paid-In Capital	3,076	3,031	2,984	2,946	1,581
Retained Earnings	435.86	362.53	266.44	234.83	298.73
Treasury Stock	-135.09	-202.88	-	-	-
Comprehensive Income & Other	5.1	4.4	2	-	-
Total Common Equity	4,303	4,116	4,165	4,084	2,587
Minority Interest	0.39	0.39	0.39	1.24	1.77
Shareholders' Equity	4,303	4,116	4,166	4,086	2,589
Total Liabilities & Equity	6,414	6,709	6,608	7,015	6,074
Total Debt	894.1	1,438	1,472	1,430	1,523
Net Cash (Debt)	149.63	-256.72	-279.54	185.34	-1,096
Net Cash Per Share	0.16	-0.27	-0.27	0.22	-1.52
Filing Date Shares Outstanding	1,183	888.33	913.16	903.58	894.89
Total Common Shares Outstanding	1,183	888.33	913.16	903.58	707.39
Working Capital	1,206	992.14	1,369	1,435	-123.51
Book Value Per Share	3.64	4.63	4.56	4.52	3.66
Tangible Book Value	4,168	3,956	3,993	3,909	2,405
Tangible Book Value Per Share	3.52	4.45	4.37	4.33	3.40
Buildings	-	1,348	1,219	1,194	1,191
Machinery	-	4,449	4,090	3,838	3,715
Construction In Progress	-	178.51	203.89	215.11	104.93

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