Shenzhen Division 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	87.36	102.42	92.85	58.28	47.51	69.01
Trading Asset Securities	-	-	-	0	-	2
Cash & Short-Term Investments	87.36	102.42	92.85	58.28	47.51	71.01
Cash Growth	46.08%	10.31%	59.31%	22.67%	-33.09%	-10.30%
Accounts Receivable	165.28	158.6	223.85	320.17	331.19	322.92
Other Receivables	102.3	100.61	54.09	53.34	77.84	102.46
Receivables	267.58	259.21	277.94	373.5	409.03	425.39
Inventory	140.38	164.23	90.98	31.96	38.51	46.92
Prepaid Expenses	-	-	-	0	-	0.01
Other Current Assets	78.7	53.55	29.57	34.6	30.29	39.87
Total Current Assets	574.02	579.41	491.33	498.34	525.33	583.2
Property, Plant & Equipment	31.3	31.26	41.1	48.6	86.26	74.77
Long-Term Investments	24.91	25.01	24.11	31.99	32.3	22.57
Goodwill	5.18	5.18	5.18	7.33	9.09	12.13
Other Intangible Assets	7.81	4.85	5.5	14.76	16.42	18.37
Long-Term Deferred Tax Assets	23.23	23.23	23.1	22.93	30.85	30.78
Long-Term Deferred Charges	3.45	6.66	5.15	6.02	6.32	1.33
Other Long-Term Assets	1.67	2	1.67	1.69	1.63	1.88
Total Assets	671.57	677.6	597.14	631.66	708.21	745.03
Accounts Payable	143.62	152.57	159.15	219.32	168.99	147.93
Accrued Expenses	28.94	30.74	125.24	120.2	43.8	31.88
Short-Term Debt	76.81	76.04	65.34	62.17	99.5	120.53
Current Portion of Long-Term Debt	0.22	0.63	-	-	-	-
Current Portion of Leases	-	-	1.13	2.37	18.73	3.09
Current Income Taxes Payable	63.74	50.66	8.77	8.82	7.71	7.57
Current Unearned Revenue	26.89	63.03	45.83	21.81	15.13	26.4
Other Current Liabilities	231.77	194.06	88.31	93.35	146.36	80.35
Total Current Liabilities	571.98	567.72	493.77	528.05	500.22	417.75
Long-Term Leases	0.3	0.2	0.47	0.27	17.57	8
Long-Term Deferred Tax Liabilities	0.13	0.13	0.07	0.13	-	-
Other Long-Term Liabilities	0.72	0.72	0.72	57.09	55.54	1.14
Total Liabilities	573.13	568.77	495.03	585.53	573.34	426.89
Common Stock	389.37	389.37	360.55	360.55	360.55	326.23
Additional Paid-In Capital	668.79	645.21	569.19	535.1	469.09	358.79
Retained Earnings	-925.02	-902.98	-893.67	-885.32	-654.31	-371.08
Treasury Stock	-73.63	-73.63	-0.71	-39.79	-107.56	-59.26
Comprehensive Income & Other	0.36	0.36	0.42	0.42	0.42	0.42
Total Common Equity	59.88	58.33	35.78	-29.04	68.19	255.1
Minority Interest	38.56	50.5	66.33	75.17	66.68	63.03
Shareholders' Equity	98.44	108.83	102.11	46.13	134.87	318.13
Total Liabilities & Equity	671.57	677.6	597.14	631.66	708.21	745.03
Total Debt	77.33	76.87	66.93	64.81	135.81	131.62
Net Cash (Debt)	10.03	25.55	25.92	-6.53	-88.3	-60.62
Net Cash Growth	-	-1.42%	-	-	-	-
Net Cash Per Share	0.03	0.07	0.07	-0.02	-0.27	-0.20
Filing Date Shares Outstanding	389.34	391.77	362.74	360.58	316.65	300.24
Total Common Shares Outstanding	389.34	391.77	362.74	360.58	316.65	300.24
Working Capital	2.04	11.69	-2.44	-29.71	25.11	165.44
Book Value Per Share	0.15	0.15	0.10	-0.08	0.22	0.85
Tangible Book Value	46.89	48.3	25.1	-51.13	42.68	224.6
Tangible Book Value Per Share	0.12	0.12	0.07	-0.14	0.13	0.75
Machinery	-	-	94.67	97.22	-	128.23
Construction In Progress	-	-	-	-	1.79	-

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