Beijing E-Techstar 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	94.93	120.44	278.34	454.81	390.49	320.14
Short-Term Investments	-	37.65	-	-	-	-
Trading Asset Securities	3.03	3.03	-	7.75	2.33	6.12
Cash & Short-Term Investments	97.96	161.12	278.34	462.56	392.81	326.26
Cash Growth	-57.71%	-42.11%	-39.83%	17.76%	20.40%	-12.98%
Accounts Receivable	913.68	926.81	1,310	1,404	1,162	1,036
Other Receivables	30.56	24.5	29.68	57.36	55.21	46.92
Receivables	944.24	951.31	1,339	1,462	1,217	1,083
Inventory	696.66	609.73	624.02	832.69	674.2	481.83
Prepaid Expenses	-	-	3.34	3.2	-	-
Other Current Assets	146.96	119.4	19.88	89.64	54.31	62.04
Total Current Assets	1,886	1,842	2,265	2,850	2,339	1,953
Property, Plant & Equipment	216.36	219.63	221.94	224.71	252.95	247.12
Long-Term Investments	101.3	101.45	139.97	119.4	98.13	70.1
Goodwill	202.7	202.7	483.32	989.14	989.14	989.14
Other Intangible Assets	100.34	110.28	125.66	168.58	171.45	120.4
Long-Term Accounts Receivable	-	0.24	0.38	-	31.66	61.97
Long-Term Deferred Tax Assets	55.3	55.27	58.46	82.13	63.21	51.29
Long-Term Deferred Charges	4.87	5.82	94.76	81.73	52.57	82.09
Other Long-Term Assets	74.6	75.46	87.39	91.96	84.86	87.44
Total Assets	2,641	2,612	3,477	4,607	4,083	3,662
Accounts Payable	886.75	991.61	967	930.64	711.93	483.06
Accrued Expenses	12.34	35.77	40.26	28.4	43.12	54.78
Short-Term Debt	333.98	272.05	690.34	658.32	540.83	374.64
Current Portion of Long-Term Debt	-	15.11	12	12	12	17.97
Current Portion of Leases	-	6.38	32.44	-	-	-
Current Income Taxes Payable	5.75	1.64	1.47	15.18	6.6	8.72
Current Unearned Revenue	617.86	520.25	275.65	264.08	178.15	130.23
Other Current Liabilities	131.67	86.43	58.66	109.56	61.63	50.65
Total Current Liabilities	1,988	1,929	2,078	2,018	1,554	1,120
Long-Term Debt	39.66	42.71	51.1	60	72	84
Long-Term Leases	4	2.59	3.13	13.2	-	13.3
Long-Term Unearned Revenue	10.51	11.08	12.75	8.87	8.25	3.95
Long-Term Deferred Tax Liabilities	6.56	6.61	6.46	6.96	7.5	8.23
Other Long-Term Liabilities	0.59	0.59	-	28.69	27.43	53.42
Total Liabilities	2,050	1,993	2,151	2,136	1,669	1,283
Common Stock	313.69	313.69	313.69	313.69	313.69	313.69
Additional Paid-In Capital	1,683	1,683	1,683	1,682	1,681	1,687
Retained Earnings	-1,457	-1,430	-730.74	412.6	371.12	340.36
Comprehensive Income & Other	-0.01	0	-0.01	-	-	-
Total Common Equity	539.49	566.02	1,266	2,408	2,366	2,341
Minority Interest	52.12	53.58	59.9	63.01	47.48	38.07
Shareholders' Equity	591.61	619.59	1,325	2,471	2,413	2,379
Total Liabilities & Equity	2,641	2,612	3,477	4,607	4,083	3,662
Total Debt	377.64	338.85	789.01	743.52	624.83	489.91
Net Cash (Debt)	-279.68	-177.72	-510.66	-280.97	-232.01	-163.65
Net Cash Per Share	-0.89	-0.57	-1.63	-0.90	-0.74	-0.52
Filing Date Shares Outstanding	313.69	313.69	313.69	313.69	313.69	313.69
Total Common Shares Outstanding	313.69	313.69	313.69	313.69	313.69	313.69
Working Capital	-102.54	-87.68	187.05	831.5	784.46	832.68
Book Value Per Share	1.72	1.80	4.03	7.68	7.54	7.46
Tangible Book Value	236.45	253.03	656.59	1,251	1,205	1,232
Tangible Book Value Per Share	0.75	0.81	2.09	3.99	3.84	3.93
Buildings	-	246.26	246.26	244.24	254.97	255.39
Machinery	-	94.33	96.85	94.01	89.4	82.52
Construction In Progress	-	1.27	1.23	-	11.02	-