Sangfor Technologies 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	605.16	535.17	525.28	737.2	1,406	579.01
Short-Term Investments	-	4,794	2,772	2,544	1,684	1,872
Trading Asset Securities	606.62	1,932	2,116	2,013	1,496	1,475
Cash & Short-Term Investments	1,212	7,262	5,414	5,294	4,585	3,926
Cash Growth	-21.23%	34.14%	2.26%	15.46%	16.80%	-8.88%
Accounts Receivable	443.4	783.44	825.93	903.38	821.26	564.09
Other Receivables	36.95	317.55	180.3	239.58	194.67	301.12
Receivables	480.35	1,160	1,074	1,219	1,100	930.9
Inventory	1,154	860.84	340.34	382.85	273.55	350.31
Other Current Assets	4,790	67.94	76.32	56.28	50.57	59
Total Current Assets	7,636	9,350	6,904	6,953	6,009	5,266
Property, Plant & Equipment	1,133	1,154	1,228	944.21	859.5	699.52
Long-Term Investments	937.18	5,608	6,458	6,483	4,687	4,298
Other Intangible Assets	257.44	258.85	266.71	271.24	274.6	282.83
Long-Term Deferred Tax Assets	117.96	107.92	22.89	38.39	55.69	91.67
Long-Term Deferred Charges	11.26	13.3	22.81	45.83	55.09	39.04
Other Long-Term Assets	5,257	79.53	198.81	138.52	104.86	107.89
Total Assets	15,349	16,648	15,222	15,029	12,183	10,950
Accounts Payable	733.36	1,507	907.12	975.33	741.31	407.59
Accrued Expenses	380.93	1,125	1,014	786.33	562.96	793.07
Short-Term Debt	-	-	200.14	825.53	790.83	27.31
Current Portion of Long-Term Debt	45.94	4.05	2.02	1.52	-	-
Current Portion of Leases	-	42.14	45.13	51.01	52.35	72.89
Current Income Taxes Payable	52.38	2.95	2.43	0.78	1.95	0.56
Current Unearned Revenue	1,845	1,817	1,621	1,347	1,178	1,157
Other Current Liabilities	628.97	438.3	436.19	482.02	580.39	699.56
Total Current Liabilities	3,687	4,937	4,228	4,469	3,908	3,158
Long-Term Debt	-	1,192	1,155	1,118	-	-
Long-Term Leases	27.89	33.65	49.17	87.36	100.39	139.32
Long-Term Unearned Revenue	764.49	788.51	621.2	545.11	451.43	345.71
Long-Term Deferred Tax Liabilities	1.04	1.03	0.84	2.18	2.82	2.58
Total Liabilities	4,480	6,952	6,054	6,221	4,463	3,646
Common Stock	431.56	420.63	421.86	419.79	415.62	415.71
Additional Paid-In Capital	6,840	5,477	5,395	5,184	4,526	4,223
Retained Earnings	3,760	3,824	3,392	3,129	2,931	2,766
Treasury Stock	-219.93	-219.93	-330.99	-131.01	-131.2	-83.41
Comprehensive Income & Other	57.07	194.08	290.4	203.12	-21.44	-16.34
Total Common Equity	10,869	9,696	9,168	8,805	7,720	7,305
Minority Interest	-	-	-	2.33	-	-
Shareholders' Equity	10,869	9,696	9,168	8,808	7,720	7,305
Total Liabilities & Equity	15,349	16,648	15,222	15,029	12,183	10,950
Total Debt	73.83	1,272	1,452	2,083	943.58	239.52
Net Cash (Debt)	1,138	5,990	3,962	3,211	3,641	3,686
Net Cash Growth	299.94%	51.20%	23.38%	-11.82%	-1.21%	-7.31%
Net Cash Per Share	2.60	13.73	9.46	7.63	8.81	8.92
Filing Date Shares Outstanding	427.67	427.67	416.73	417.41	415.73	415.71
Total Common Shares Outstanding	427.67	416.74	416.73	417.41	415.73	415.71
Working Capital	3,949	4,413	2,676	2,484	2,101	2,108
Book Value Per Share	25.41	23.27	22.00	21.10	18.57	17.57
Tangible Book Value	10,611	9,438	8,901	8,534	7,446	7,022
Tangible Book Value Per Share	24.81	22.65	21.36	20.45	17.91	16.89
Buildings	-	586.13	585.28	74.29	74.29	74.29
Machinery	-	1,049	1,060	886.21	878.89	738.34
Construction In Progress	-	336.86	292.41	491.94	324.73	137.47

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