Focus Lightings Tech 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	1,327	1,553	2,336	1,021	443.33
Trading Asset Securities	250	140	0.06	-	-
Cash & Short-Term Investments	1,577	1,693	2,336	1,021	443.33
Cash Growth	-6.86%	-27.52%	128.90%	130.20%	60.06%
Accounts Receivable	732.11	747.74	686.84	766.52	729.13
Receivables	732.11	747.74	686.84	766.52	729.13
Inventory	625.77	239.52	221.28	292.44	212.35
Other Current Assets	92.08	41.48	29.72	32.42	287.53
Total Current Assets	3,027	2,722	3,274	2,112	1,672
Property, Plant & Equipment	1,847	1,647	1,259	1,371	1,125
Other Intangible Assets	22.6	23.74	25.02	24.8	24.07
Long-Term Deferred Tax Assets	82.61	85.9	97.93	54.06	37.74
Long-Term Deferred Charges	-	-	0.04	0.15	0.25
Other Long-Term Assets	113.91	153.85	83.87	76.32	148.14
Total Assets	5,093	4,632	4,740	3,639	3,008
Accounts Payable	1,544	1,294	861.34	1,225	935.54
Accrued Expenses	34.05	34.29	31.71	20.49	17.53
Short-Term Debt	461.6	525	875.2	609.15	91.35
Current Portion of Long-Term Debt	-	-	-	1.33	40.72
Current Portion of Leases	0.39	0.4	0.67	1.23	1.24
Current Income Taxes Payable	6.72	1.49	0.03	-	0.04
Current Unearned Revenue	0.45	7.61	3.61	1.98	1.25
Other Current Liabilities	176.65	48.62	83.8	82.68	6.69
Total Current Liabilities	2,224	1,912	1,856	1,942	1,094
Long-Term Debt	-	-	-	83.1	259.6
Long-Term Leases	2.64	3.51	0.19	0.56	1.81
Long-Term Unearned Revenue	5.77	-	-	-	-
Total Liabilities	2,232	1,915	1,857	2,025	1,356
Common Stock	938.92	676.21	670.98	544.69	543.63
Additional Paid-In Capital	1,318	1,839	1,801	757.24	711.65
Retained Earnings	603.11	501.03	411.01	311.64	396.78
Treasury Stock	-	-300.05	-	-	-
Comprehensive Income & Other	0.21	0.93	0.29	-	-
Shareholders' Equity	2,861	2,717	2,883	1,614	1,652
Total Liabilities & Equity	5,093	4,632	4,740	3,639	3,008
Total Debt	464.63	528.92	876.06	695.36	394.73
Net Cash (Debt)	1,112	1,164	1,460	325.17	48.6
Net Cash Growth	-4.45%	-20.26%	348.97%	569.06%	-
Net Cash Per Share	1.52	1.79	1.74	0.43	0.06
Filing Date Shares Outstanding	938.92	932.9	972.93	789.8	788.27
Total Common Shares Outstanding	938.92	932.9	972.93	789.8	788.27
Working Capital	803.29	809.87	1,417	170.4	577.96
Book Value Per Share	3.05	2.91	2.96	2.04	2.10
Tangible Book Value	2,838	2,693	2,858	1,589	1,628
Tangible Book Value Per Share	3.02	2.89	2.94	2.01	2.07
Buildings	408.34	395.05	201.67	171.67	131.92
Machinery	2,203	1,881	1,684	1,493	1,273
Construction In Progress	220.43	156.57	16.04	185.72	58.71

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