Xiamen Changelight 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	333.48	589.57	698.68	670.68	1,014	427.23
Short-Term Investments	-	0.14	55.33	100.91	1.18	-
Trading Asset Securities	632.61	454.16	427.44	420.97	600.39	-
Cash & Short-Term Investments	966.1	1,044	1,181	1,193	1,615	427.23
Cash Growth	-1.35%	-11.64%	-0.93%	-26.17%	278.06%	-16.46%
Accounts Receivable	1,034	936.23	1,147	1,190	1,049	1,139
Other Receivables	1.39	2.53	2.78	2.13	39.5	38.64
Receivables	1,036	938.76	1,150	1,192	1,089	1,177
Inventory	823.63	807.61	574.93	478.4	536.66	464.19
Other Current Assets	138.79	129.66	87.32	49.18	29.82	218.13
Total Current Assets	2,964	2,920	2,994	2,912	3,270	2,287
Property, Plant & Equipment	2,752	2,867	3,138	3,034	3,134	3,246
Long-Term Investments	145.5	146.6	161.8	170.18	176.78	119.7
Other Intangible Assets	125.82	135.05	160.21	172.82	175.17	181.38
Long-Term Deferred Tax Assets	319.4	309.47	245.17	228.33	223.08	192.87
Long-Term Deferred Charges	1.89	2.05	3.76	7.57	20.43	10.13
Other Long-Term Assets	88.88	33.92	6.15	82.55	15.07	36.74
Total Assets	6,397	6,414	6,709	6,608	7,015	6,074
Accounts Payable	819.12	866.44	843.52	615.3	509.38	496.53
Accrued Expenses	24.29	63.52	68.52	81.12	53.24	64.38
Short-Term Debt	735.09	715.23	692.57	470.35	475.79	613.78
Current Portion of Long-Term Debt	35.86	23.88	365.2	357.49	175.9	189.18
Current Portion of Leases	-	12.5	12.17	2.43	1.43	3.43
Current Income Taxes Payable	21.65	12.08	4.24	7.57	1.88	-
Current Unearned Revenue	2.84	2.93	1.4	1.68	3.92	1.31
Other Current Liabilities	21.15	17.01	14.14	6.94	613.87	1,042
Total Current Liabilities	1,660	1,714	2,002	1,543	1,835	2,410
Long-Term Debt	141.65	149.23	353.41	637.77	776.53	715.24
Long-Term Leases	1.06	4.1	14.81	4.05	0.21	1.46
Long-Term Unearned Revenue	236.64	235.96	211.83	246.24	279.17	321.44
Long-Term Deferred Tax Liabilities	0.06	0.69	11.27	10.84	38.25	36.85
Other Long-Term Liabilities	7.72	7.67	-	-	-	-
Total Liabilities	2,047	2,111	2,593	2,442	2,930	3,485
Common Stock	920.33	920.33	920.33	913.16	903.58	707.39
Additional Paid-In Capital	3,093	3,076	3,031	2,984	2,946	1,581
Retained Earnings	465.5	435.86	362.53	266.44	234.83	298.73
Treasury Stock	-135.09	-135.09	-202.88	-	-	-
Comprehensive Income & Other	6.21	5.1	4.4	2	-	-
Total Common Equity	4,350	4,303	4,116	4,165	4,084	2,587
Minority Interest	0.39	0.39	0.39	0.39	1.24	1.77
Shareholders' Equity	4,350	4,303	4,116	4,166	4,086	2,589
Total Liabilities & Equity	6,397	6,414	6,709	6,608	7,015	6,074
Total Debt	913.67	904.95	1,438	1,472	1,430	1,523
Net Cash (Debt)	52.43	138.92	-256.72	-279.54	185.34	-1,096
Net Cash Per Share	0.05	0.15	-0.27	-0.27	0.22	-1.52
Filing Date Shares Outstanding	899.14	899.14	888.33	913.16	903.58	894.89
Total Common Shares Outstanding	899.14	899.14	888.33	913.16	903.58	707.39
Working Capital	1,304	1,206	992.14	1,369	1,435	-123.51
Book Value Per Share	4.84	4.79	4.63	4.56	4.52	3.66
Tangible Book Value	4,224	4,168	3,956	3,993	3,909	2,405
Tangible Book Value Per Share	4.70	4.64	4.45	4.37	4.33	3.40
Buildings	-	1,321	1,349	1,219	1,194	1,191
Machinery	-	4,719	4,452	4,090	3,838	3,715
Construction In Progress	-	76.82	178.51	203.89	215.11	104.93

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