Zhongji Innolight 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	12,208	10,987	5,054	3,317	2,831	3,515
Short-Term Investments	-	-	-	10	-	30.06
Trading Asset Securities	10.03	10.02	522.55	416.04	1,019	-
Cash & Short-Term Investments	12,218	10,997	5,576	3,743	3,850	3,545
Cash Growth	68.90%	97.21%	48.97%	-2.77%	8.62%	74.47%
Accounts Receivable	9,753	6,409	4,721	2,949	1,624	2,175
Other Receivables	219.17	151.73	236.56	28.08	52.93	359.17
Receivables	9,972	6,561	4,958	2,977	1,677	2,534
Inventory	15,672	12,681	7,051	4,295	3,888	3,799
Other Current Assets	2,263	845.4	610.41	304.48	171.72	144.09
Total Current Assets	40,125	31,084	18,196	11,319	9,587	10,022
Property, Plant & Equipment	10,385	8,607	5,906	4,303	3,465	3,305
Long-Term Investments	2,110	2,058	1,322	1,299	948.7	710.65
Goodwill	1,939	1,939	1,939	1,939	1,949	1,980
Other Intangible Assets	403.62	377.55	377.73	400.52	322.14	382.09
Long-Term Deferred Tax Assets	762.27	540.54	221.73	81.94	48.4	46.16
Long-Term Deferred Charges	711.44	608.56	480.49	240.38	191.57	60.71
Other Long-Term Assets	143.82	73.98	423.37	423.78	45.81	58.54
Total Assets	56,581	45,289	28,866	20,007	16,557	16,565
Accounts Payable	10,852	7,800	3,508	2,163	1,378	1,441
Accrued Expenses	410.46	475.96	333.31	306.25	419.36	184.22
Short-Term Debt	318.22	301.35	1,426	791.71	385.19	793.85
Current Portion of Long-Term Debt	809.81	680.57	579.07	467.15	832.38	477.36
Current Portion of Leases	-	34.91	12.46	11.36	7.95	10.26
Current Income Taxes Payable	2,418	1,218	226.87	175.47	44.67	58.74
Current Unearned Revenue	45.59	26.33	10	2.61	22.41	0.59
Other Current Liabilities	1,448	1,021	402.17	442.45	174.06	199.68
Total Current Liabilities	16,303	11,558	6,497	4,360	3,264	3,166
Long-Term Debt	530.9	510	606.28	318.72	695.89	1,262
Long-Term Leases	58.36	74.73	23.18	17.04	2.4	9.45
Long-Term Unearned Revenue	214.82	211.36	216.62	215.77	198.59	215.74
Long-Term Deferred Tax Liabilities	306.94	291.22	269.74	215.98	263.97	276.57
Other Long-Term Liabilities	1,052	1,022	960.24	104.25	62.89	32.59
Total Liabilities	18,466	13,668	8,573	5,232	4,488	4,962
Common Stock	1,111	1,111	1,121	802.83	800.96	800.1
Additional Paid-In Capital	8,386	8,107	7,731	8,058	7,932	7,799
Retained Earnings	26,331	20,596	10,799	5,982	3,966	2,917
Treasury Stock	-	-46.88	-569.36	-620.48	-782.27	-7.2
Comprehensive Income & Other	-240.33	-1.87	51.93	38.68	28.5	-19.9
Total Common Equity	35,587	29,765	19,134	14,261	11,945	11,489
Minority Interest	2,528	1,856	1,159	513.48	123.79	114.09
Shareholders' Equity	38,115	31,621	20,293	14,774	12,069	11,603
Total Liabilities & Equity	56,581	45,289	28,866	20,007	16,557	16,565
Total Debt	1,717	1,602	2,647	1,606	1,924	2,553
Net Cash (Debt)	10,500	9,395	2,930	2,137	1,926	992.13
Net Cash Growth	136.36%	220.69%	37.07%	10.96%	94.15%	-
Net Cash Per Share	9.42	8.45	2.62	1.94	1.73	0.98
Filing Date Shares Outstanding	1,111	1,111	1,105	1,101	1,083	1,081
Total Common Shares Outstanding	1,111	1,111	1,105	1,101	1,083	1,081
Working Capital	23,823	19,526	11,698	6,959	6,323	6,856
Book Value Per Share	32.03	26.79	17.32	12.95	11.03	10.63
Tangible Book Value	33,245	27,449	16,817	11,922	9,675	9,127
Tangible Book Value Per Share	29.92	24.70	15.22	10.83	8.94	8.44
Land	-	96.16	-	-	-	-
Buildings	-	1,858	1,825	1,197	1,009	960.56
Machinery	-	7,910	6,097	4,375	3,490	3,118
Construction In Progress	-	1,422	52.54	328.57	236.33	132.5

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