Focus Lightings Tech 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	1,178	1,327	1,553	2,336	1,021	443.33
Trading Asset Securities	206.63	250	140	0.06	-	-
Cash & Short-Term Investments	1,385	1,577	1,693	2,336	1,021	443.33
Cash Growth	-11.66%	-6.86%	-27.52%	128.90%	130.20%	60.06%
Accounts Receivable	854.27	732.11	747.74	686.84	766.52	729.13
Other Receivables	8.79	-	-	-	-	-
Receivables	863.06	732.11	747.74	686.84	766.52	729.13
Inventory	659.59	625.77	239.52	221.28	292.44	212.35
Other Current Assets	85.27	92.08	41.48	29.72	32.42	287.53
Total Current Assets	2,993	3,027	2,722	3,274	2,112	1,672
Property, Plant & Equipment	1,882	1,847	1,647	1,259	1,371	1,125
Other Intangible Assets	22.28	22.6	23.74	25.02	24.8	24.07
Long-Term Deferred Tax Assets	82.39	82.61	85.9	97.93	54.06	37.74
Long-Term Deferred Charges	-	-	-	0.04	0.15	0.25
Other Long-Term Assets	136.1	113.91	153.85	83.87	76.32	148.14
Total Assets	5,116	5,093	4,632	4,740	3,639	3,008
Accounts Payable	1,297	1,544	1,294	861.34	1,225	935.54
Accrued Expenses	25.37	34.05	34.29	31.71	20.49	17.53
Short-Term Debt	710.6	461.6	525	875.2	609.15	91.35
Current Portion of Long-Term Debt	-	-	-	-	1.33	40.72
Current Portion of Leases	0.41	0.39	0.4	0.67	1.23	1.24
Current Income Taxes Payable	2.2	6.72	1.49	0.03	-	0.04
Current Unearned Revenue	42.31	0.45	7.61	3.61	1.98	1.25
Other Current Liabilities	136.78	176.65	48.62	83.8	82.68	6.69
Total Current Liabilities	2,215	2,224	1,912	1,856	1,942	1,094
Long-Term Debt	-	-	-	-	83.1	259.6
Long-Term Leases	2.64	2.64	3.51	0.19	0.56	1.81
Long-Term Unearned Revenue	-	5.77	-	-	-	-
Total Liabilities	2,218	2,232	1,915	1,857	2,025	1,356
Common Stock	938.92	938.92	676.21	670.98	544.69	543.63
Additional Paid-In Capital	1,327	1,318	1,839	1,801	757.24	711.65
Retained Earnings	632.7	603.11	501.03	411.01	311.64	396.78
Treasury Stock	-	-	-300.05	-	-	-
Comprehensive Income & Other	0.03	0.21	0.93	0.29	-	-
Shareholders' Equity	2,898	2,861	2,717	2,883	1,614	1,652
Total Liabilities & Equity	5,116	5,093	4,632	4,740	3,639	3,008
Total Debt	713.64	464.63	528.92	876.06	695.36	394.73
Net Cash (Debt)	671.39	1,112	1,164	1,460	325.17	48.6
Net Cash Growth	-41.59%	-4.45%	-20.26%	348.97%	569.06%	-
Net Cash Per Share	0.83	1.52	1.79	1.74	0.43	0.06
Filing Date Shares Outstanding	938.92	938.92	932.9	972.93	789.8	788.27
Total Common Shares Outstanding	938.92	938.92	932.9	972.93	789.8	788.27
Working Capital	777.82	803.29	809.87	1,417	170.4	577.96
Book Value Per Share	3.09	3.05	2.91	2.96	2.04	2.10
Tangible Book Value	2,876	2,838	2,693	2,858	1,589	1,628
Tangible Book Value Per Share	3.06	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.