Ledman Optoelectronic 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	182.11	294.79	420.55	368.59	271.76	281.89
Trading Asset Securities	340.1	331.19	275.69	356.14	2.1	8.64
Cash & Short-Term Investments	522.21	625.98	696.24	724.73	273.86	290.53
Cash Growth	-18.06%	-10.09%	-3.93%	164.64%	-5.74%	-0.79%
Accounts Receivable	219.81	219.09	279.64	233.4	219.58	281.72
Other Receivables	26.37	11.93	3.69	4.54	1.54	11.44
Receivables	246.18	231.03	283.33	237.94	221.12	293.16
Inventory	315.62	308.63	318.1	368.48	426.27	408.98
Other Current Assets	27.77	33.01	35.25	30.62	28.61	54.62
Total Current Assets	1,112	1,199	1,333	1,362	949.85	1,047
Property, Plant & Equipment	257.49	261.48	268.31	334.97	311.22	323.97
Long-Term Investments	19.82	20.27	21.21	18.95	22.98	21.52
Goodwill	-	-	4.21	33.61	45.77	45.77
Other Intangible Assets	26.21	26.97	29.11	31.71	31.57	14.07
Long-Term Accounts Receivable	-	-	1.5	2.5	3.35	2.35
Long-Term Deferred Tax Assets	46.24	50.15	41.67	35.02	36.3	27.12
Long-Term Deferred Charges	11.02	11.52	13.15	9.69	12.74	13.18
Other Long-Term Assets	27.55	23.46	13.27	9.9	9.52	14.33
Total Assets	1,500	1,593	1,725	1,838	1,423	1,510
Accounts Payable	378.63	473.75	527.71	470.14	405.01	521.44
Accrued Expenses	29.82	29.6	46.03	40.92	35.09	43.22
Short-Term Debt	92.61	71.65	103.58	115	140	134.9
Current Portion of Long-Term Debt	-	16.13	-	-	-	-
Current Portion of Leases	-	-	16.81	21.84	21.58	19.53
Current Income Taxes Payable	-	8.56	1.02	0.95	1.19	0.27
Current Unearned Revenue	55.09	40.09	48.42	58.48	49.01	50.49
Other Current Liabilities	32.46	18.73	17.48	13.49	15.38	13.33
Total Current Liabilities	588.6	658.52	761.05	720.83	667.27	783.19
Long-Term Leases	26.27	30.66	29.9	31.8	34.88	51.1
Long-Term Unearned Revenue	22.93	23.49	7.61	11.71	11.55	7
Long-Term Deferred Tax Liabilities	8.1	8.57	9.79	9.49	8.56	-
Other Long-Term Liabilities	4.66	5.53	4.91	4.73	4.27	5.81
Total Liabilities	650.56	726.77	813.26	778.57	726.53	847.11
Common Stock	419.51	419.51	419.51	419.51	349.51	349.51
Additional Paid-In Capital	1,026	1,025	1,024	1,022	648.14	644.33
Retained Earnings	-385.42	-371.55	-329.44	-237.56	-161.08	-192.66
Treasury Stock	-54.68	-54.68	-54.68	-	-	-
Comprehensive Income & Other	-179.58	-177.47	-170.98	-169.27	-162.79	-165.22
Total Common Equity	826.11	840.97	887.95	1,034	673.78	635.97
Minority Interest	23.42	24.77	24.14	25.11	23	26.53
Shareholders' Equity	849.54	865.74	912.09	1,060	696.78	662.49
Total Liabilities & Equity	1,500	1,593	1,725	1,838	1,423	1,510
Total Debt	118.88	118.44	150.29	168.64	196.47	205.53
Net Cash (Debt)	403.33	507.54	545.94	556.1	77.39	85
Net Cash Growth	-16.12%	-7.03%	-1.82%	618.58%	-8.95%	-60.98%
Net Cash Per Share	0.96	1.21	1.31	1.60	0.22	0.25
Filing Date Shares Outstanding	406.82	464.46	407.3	419.51	349.51	349.51
Total Common Shares Outstanding	406.82	464.46	407.3	419.51	349.51	349.51
Working Capital	523.17	540.14	571.86	640.93	282.59	264.1
Book Value Per Share	2.03	1.81	2.18	2.47	1.93	1.82
Tangible Book Value	799.9	814.01	854.63	969.12	596.44	576.13
Tangible Book Value Per Share	1.97	1.75	2.10	2.31	1.71	1.65
Buildings	-	-	155.9	111.38	111.38	111.38
Machinery	-	-	248.82	341.23	365.65	341.37
Construction In Progress	-	-	3.47	32.15	-	-

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