Jiangsu Skyray Instrument 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	141.21	120.88	86.03	239.17	410.15	330.87
Trading Asset Securities	-	-	-	-	35	35
Cash & Short-Term Investments	141.21	120.88	86.03	239.17	445.15	365.87
Cash Growth	95.89%	40.51%	-64.03%	-46.27%	21.67%	-30.00%
Accounts Receivable	2,246	2,270	2,536	2,412	2,162	1,083
Other Receivables	7.44	6.04	12.74	13.74	12.85	18.71
Receivables	2,253	2,276	2,549	2,426	2,175	1,102
Inventory	290.25	292.72	355.55	541.42	547.73	938.1
Prepaid Expenses	-	-	3.88	13.57	0.78	37.27
Other Current Assets	26.06	21.8	30.7	64.42	101.11	118.7
Total Current Assets	2,711	2,711	3,025	3,284	3,270	2,562
Property, Plant & Equipment	107.6	111.81	146.79	171.83	189.91	211.59
Long-Term Investments	125	124.03	126.57	138.53	157.09	170.72
Goodwill	-	-	41.8	75.41	178.69	275.28
Other Intangible Assets	30.21	31.1	37.52	18.06	20.61	16.67
Long-Term Accounts Receivable	-	-	-	-	-	0.12
Long-Term Deferred Charges	2.85	3.35	8.93	19.64	15.54	15.07
Other Long-Term Assets	27.27	27.87	39.7	48.63	41.12	49.37
Total Assets	3,003	3,009	3,426	3,756	3,873	3,300
Accounts Payable	335.62	360.38	403.6	415.94	487.26	462.47
Accrued Expenses	39	40.27	229.69	204.04	189.29	78.29
Short-Term Debt	84.27	84.27	151.82	297.93	312.06	339.38
Current Portion of Long-Term Debt	53.69	53.68	51.04	52.25	50.5	-
Current Portion of Leases	-	-	2.77	5.92	4.11	5.54
Current Income Taxes Payable	183.07	188.14	2.64	2.14	15.74	13.36
Current Unearned Revenue	89.36	77.2	89.53	133.84	148.86	207.24
Other Current Liabilities	59.26	55.26	43.58	58.36	55.04	47.96
Total Current Liabilities	844.27	859.19	974.67	1,170	1,263	1,154
Long-Term Debt	1,051	1,052	1,103	1,127	1,011	433.14
Long-Term Leases	0.15	0.22	1.77	6.51	9	11.68
Long-Term Unearned Revenue	4.34	4.34	9.23	8.76	11.34	7.81
Other Long-Term Liabilities	12.82	12.61	12.47	10.41	9.43	8.4
Total Liabilities	1,913	1,929	2,101	2,323	2,304	1,615
Common Stock	495.51	495.51	495.51	495.51	495.51	496.99
Additional Paid-In Capital	787.64	787.64	787.64	787.64	787.64	786.16
Retained Earnings	-184.84	-197.41	35.42	132.74	247.17	342.89
Comprehensive Income & Other	-42.66	-43.07	-41.71	-31.17	-10.45	6.9
Total Common Equity	1,056	1,043	1,277	1,385	1,520	1,633
Minority Interest	35.04	38.24	48.25	48.77	49.43	52.12
Shareholders' Equity	1,091	1,081	1,325	1,433	1,569	1,685
Total Liabilities & Equity	3,003	3,009	3,426	3,756	3,873	3,300
Total Debt	1,189	1,190	1,311	1,489	1,387	789.73
Net Cash (Debt)	-1,048	-1,069	-1,225	-1,250	-941.48	-423.87
Net Cash Per Share	-2.12	-2.16	-2.52	-2.51	-1.93	-0.86
Filing Date Shares Outstanding	494.91	520.12	495.51	495.51	495.51	496.99
Total Common Shares Outstanding	494.91	520.12	495.51	495.51	495.51	496.99
Working Capital	1,866	1,852	2,050	2,114	2,007	1,407
Book Value Per Share	2.13	2.00	2.58	2.79	3.07	3.29
Tangible Book Value	1,025	1,012	1,198	1,291	1,321	1,341
Tangible Book Value Per Share	2.07	1.94	2.42	2.61	2.67	2.70
Buildings	-	-	172.23	195.18	200.77	200.77
Machinery	-	-	192.09	185.3	177.03	170.03
Construction In Progress	-	-	-	-	0.39	-

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