Wanma Technology 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	78.02	101.78	63.01	155.42	97.07	136.32
Trading Asset Securities	-	-	-	-	5.93	8.02
Cash & Short-Term Investments	78.02	101.78	63.01	155.42	103	144.34
Cash Growth	-	61.52%	-59.46%	50.89%	-28.64%	-12.06%
Accounts Receivable	598.13	623.43	491.4	348.66	331.19	429.05
Other Receivables	11.7	12.45	40.15	12.29	35.07	12.61
Receivables	609.83	635.88	531.55	360.95	366.25	441.66
Inventory	84.57	60.38	67.86	63.74	80.69	145.79
Other Current Assets	39.47	19.47	39.17	33.66	30.27	15.57
Total Current Assets	811.89	817.51	701.59	613.76	580.22	747.35
Property, Plant & Equipment	89.18	94.06	129.56	69.51	54.59	70.07
Long-Term Investments	1	1	1	11	11	11
Other Intangible Assets	43.1	44.74	46.14	51.39	57.26	64.12
Long-Term Accounts Receivable	-	-	0.94	0.74	3.52	12.6
Long-Term Deferred Tax Assets	14.96	12.73	12.93	5.04	6.99	11.16
Long-Term Deferred Charges	15.77	16.24	196.16	143.98	85.48	20.58
Other Long-Term Assets	165.81	181.2	-	-	20.02	-
Total Assets	1,142	1,167	1,088	895.42	819.08	936.9
Accounts Payable	236.66	282.19	255.8	190.87	221.17	267.59
Accrued Expenses	10.81	17.86	32.13	24.42	27.07	26.9
Short-Term Debt	59.94	59.89	64.53	85.14	40.22	89.61
Current Portion of Long-Term Debt	3.41	2.06	-	-	-	0.76
Current Portion of Leases	-	-	6.02	1.84	2.78	1.14
Current Income Taxes Payable	7	10.39	4.88	6.24	4.96	5
Current Unearned Revenue	117.24	132.57	87.94	84.2	48.43	67.96
Other Current Liabilities	38.71	33.5	77.82	16.32	17.25	25.21
Total Current Liabilities	473.77	538.47	529.12	409.03	361.89	484.16
Long-Term Debt	27.02	27.02	46.04	-	-	4.54
Long-Term Leases	4.87	2.74	14.55	-	1.85	1.52
Long-Term Unearned Revenue	-	-	13.65	14.48	45.26	7.99
Long-Term Deferred Tax Liabilities	1	0.2	2.82	0.27	0.59	-
Other Long-Term Liabilities	99.79	69.89	-	-	-	-
Total Liabilities	606.45	638.31	606.18	423.77	409.6	498.21
Common Stock	134	134	134	134	134	134
Additional Paid-In Capital	159.05	159.05	159.05	159.05	161.22	161.22
Retained Earnings	242.2	236.14	189.1	178.61	114.15	83.4
Total Common Equity	535.25	529.19	482.14	471.66	409.37	378.62
Minority Interest	-	-	-	-	0.1	60.06
Shareholders' Equity	535.25	529.19	482.14	471.66	409.47	438.69
Total Liabilities & Equity	1,142	1,167	1,088	895.42	819.08	936.9
Total Debt	95.24	91.71	131.14	86.98	44.85	97.57
Net Cash (Debt)	-17.22	10.08	-68.12	68.44	58.15	46.77
Net Cash Growth	-	-	-	17.69%	24.33%	-31.49%
Net Cash Per Share	-0.13	0.07	-0.51	0.51	0.43	0.35
Filing Date Shares Outstanding	134.11	135.62	134	134	134	134
Total Common Shares Outstanding	134.11	135.62	134	134	134	134
Working Capital	338.12	279.05	172.48	204.74	218.33	263.19
Book Value Per Share	3.99	3.90	3.60	3.52	3.06	2.83
Tangible Book Value	492.15	484.44	436	420.27	352.11	314.5
Tangible Book Value Per Share	3.67	3.57	3.25	3.14	2.63	2.35
Buildings	-	-	84.76	84.98	67.27	80.35
Machinery	-	-	101.66	53.27	49.98	53.47
Construction In Progress	-	-	-	0.88	0.01	0.3

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