Beijing E-Techstar Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	120.44	278.34	454.81	390.49	320.14
Trading Asset Securities	3.03	-	7.75	2.33	6.12
Cash & Short-Term Investments	123.47	278.34	462.56	392.81	326.26
Cash Growth	-55.64%	-39.83%	17.76%	20.40%	-12.98%
Accounts Receivable	926.81	1,427	1,404	1,162	1,036
Other Receivables	24.5	29.81	57.36	55.21	46.92
Receivables	951.31	1,457	1,462	1,217	1,083
Inventory	609.73	637.92	832.69	674.2	481.83
Prepaid Expenses	-	3.34	3.2	-	-
Other Current Assets	157.05	21.08	89.64	54.31	62.04
Total Current Assets	1,842	2,398	2,850	2,339	1,953
Property, Plant & Equipment	219.63	221.94	224.71	252.95	247.12
Long-Term Investments	101.45	139.97	119.4	98.13	70.1
Goodwill	202.7	483.32	989.14	989.14	989.14
Other Intangible Assets	110.28	125.66	168.58	171.45	120.4
Long-Term Accounts Receivable	-	0.38	-	31.66	61.97
Long-Term Deferred Tax Assets	55.27	58.36	82.13	63.21	51.29
Long-Term Deferred Charges	5.82	94.76	81.73	52.57	82.09
Other Long-Term Assets	75.7	87.39	91.96	84.86	87.44
Total Assets	2,612	3,610	4,607	4,083	3,662
Accounts Payable	991.61	951.9	930.64	711.93	483.06
Accrued Expenses	24.27	41.77	28.4	43.12	54.78
Short-Term Debt	272.05	690.34	658.32	540.83	374.64
Current Portion of Long-Term Debt	21.5	12	12	12	17.97
Current Income Taxes Payable	13.82	1.47	15.18	6.6	8.72
Current Unearned Revenue	520.25	295.9	259.45	178.15	130.23
Other Current Liabilities	85.76	77.04	114.19	61.63	50.65
Total Current Liabilities	1,929	2,070	2,018	1,554	1,120
Long-Term Debt	42.71	51.1	60	72	84
Long-Term Leases	2.15	3.13	13.2	-	13.3
Long-Term Unearned Revenue	11.08	12.75	8.87	8.25	3.95
Long-Term Deferred Tax Liabilities	6.61	6.46	6.96	7.5	8.23
Other Long-Term Liabilities	1.04	-	28.69	27.43	53.42
Total Liabilities	1,993	2,144	2,136	1,669	1,283
Common Stock	313.69	313.69	313.69	313.69	313.69
Additional Paid-In Capital	1,683	1,683	1,682	1,681	1,687
Retained Earnings	-1,430	-590.71	412.6	371.12	340.36
Comprehensive Income & Other	0	-0.01	-	-	-
Total Common Equity	566.02	1,406	2,408	2,366	2,341
Minority Interest	53.58	60.09	63.01	47.48	38.07
Shareholders' Equity	619.59	1,466	2,471	2,413	2,379
Total Liabilities & Equity	2,612	3,610	4,607	4,083	3,662
Total Debt	338.4	756.57	743.52	624.83	489.91
Net Cash (Debt)	-214.93	-478.23	-280.97	-232.01	-163.65
Net Cash Per Share	-0.69	-1.52	-0.90	-0.74	-0.52
Filing Date Shares Outstanding	313.39	313.69	313.69	313.69	313.69
Total Common Shares Outstanding	313.39	313.69	313.69	313.69	313.69
Working Capital	-87.68	327.36	831.5	784.46	832.68
Book Value Per Share	1.81	4.48	7.68	7.54	7.46
Tangible Book Value	253.03	796.62	1,251	1,205	1,232
Tangible Book Value Per Share	0.81	2.54	3.99	3.84	3.93
Buildings	-	246.26	244.24	254.97	255.39
Machinery	-	96.85	94.01	89.4	82.52
Construction In Progress	-	1.23	-	11.02	-

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