AVIT Ltd. 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	41.9	21.84	33.02	81.37	39.47	21.54
Cash & Short-Term Investments	41.9	21.84	33.02	81.37	39.47	21.54
Cash Growth	172.88%	-33.86%	-59.42%	106.17%	83.23%	-22.98%
Accounts Receivable	99.61	109.78	71.42	117.38	161.61	150.84
Other Receivables	2.1	4.7	5.97	6	7.28	3.67
Receivables	101.71	114.48	77.39	123.38	168.89	154.51
Inventory	13.25	16.75	63.51	118.63	30.02	41.09
Prepaid Expenses	-	-	-	-	1.05	-
Other Current Assets	2.27	2.51	10.44	4.69	43.44	6.66
Total Current Assets	159.13	155.58	184.36	328.07	282.87	223.79
Property, Plant & Equipment	12.69	13.88	17.73	18.28	18.73	25.55
Long-Term Investments	12.4	12.56	13.7	-	-	-
Goodwill	3.27	3.27	4.67	7.79	12.14	23.52
Other Intangible Assets	8.48	7.01	8.24	3.59	9.35	11.9
Long-Term Accounts Receivable	-	-	5.11	7.03	17.16	15.98
Long-Term Deferred Tax Assets	-	-	-	0.02	0.22	0.2
Long-Term Deferred Charges	2.69	4.4	2.76	4.08	1.34	2.04
Other Long-Term Assets	10.29	11.09	-	-	-	-
Total Assets	208.96	207.78	236.58	368.87	341.82	302.97
Accounts Payable	53.9	57.34	54.12	76.13	56.92	40.25
Accrued Expenses	2.65	3.75	3.95	9.83	12.63	7.48
Short-Term Debt	110.91	99.84	123.42	110.36	130.04	73.9
Current Portion of Long-Term Debt	1.59	1.57	-	-	-	-
Current Portion of Leases	-	-	4.66	3.47	2.92	3.41
Current Income Taxes Payable	0.01	2.47	-	-	-	0.15
Current Unearned Revenue	0.91	1.1	12.62	67.76	46.25	1.56
Other Current Liabilities	23.64	21.54	4.49	3.74	11.71	12.53
Total Current Liabilities	193.61	187.6	203.26	271.29	260.47	139.27
Long-Term Leases	6.06	6.4	6.64	8.63	9.98	17.3
Long-Term Unearned Revenue	1.07	1.59	0.23	4.54	0.81	0.99
Long-Term Deferred Tax Liabilities	0.04	0.06	0.14	0.22	0.3	0.38
Other Long-Term Liabilities	0.93	0.92	0.65	0.49	0.41	0.13
Total Liabilities	201.71	196.56	210.91	285.17	271.98	158.08
Common Stock	430.86	430.86	430.86	430.86	413.1	413.1
Additional Paid-In Capital	189.06	189.06	169.06	169.06	103.6	101.03
Retained Earnings	-611.2	-607.22	-572.49	-514.44	-350.32	-273.23
Comprehensive Income & Other	-	-	-0.31	-0.27	-97.67	-97.19
Total Common Equity	8.72	12.7	27.11	85.21	68.7	143.71
Minority Interest	-1.48	-1.47	-1.45	-1.51	1.15	1.18
Shareholders' Equity	7.24	11.22	25.66	83.7	69.85	144.89
Total Liabilities & Equity	208.96	207.78	236.58	368.87	341.82	302.97
Total Debt	118.56	107.8	134.72	122.45	142.94	94.62
Net Cash (Debt)	-76.66	-85.97	-101.71	-41.09	-103.48	-73.08
Net Cash Per Share	-0.18	-0.20	-0.24	-0.10	-0.25	-0.18
Filing Date Shares Outstanding	432.26	430.32	430.86	430.86	413.1	413.1
Total Common Shares Outstanding	432.26	430.32	430.86	430.86	413.1	413.1
Working Capital	-34.48	-32.02	-18.9	56.78	22.4	84.52
Book Value Per Share	0.02	0.03	0.06	0.20	0.17	0.35
Tangible Book Value	-3.04	2.42	14.2	73.83	47.2	108.29
Tangible Book Value Per Share	-0.01	0.01	0.03	0.17	0.11	0.26
Buildings	-	-	2.71	2.69	3.06	2.91
Machinery	-	-	20.74	19.96	18.25	17.37

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