Guangzhou S.P.I Design Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	284.67	450.46	359.45	165.47	102.51	126.51
Trading Asset Securities	170	-	132.55	404.46	571.06	-
Cash & Short-Term Investments	454.67	450.46	492	569.93	673.56	126.51
Cash Growth	1.24%	-8.45%	-13.67%	-15.39%	432.40%	23.27%
Accounts Receivable	310.3	322.84	219.91	305.96	367.22	237.64
Other Receivables	7.7	4.82	4.22	8.12	9.18	6.91
Receivables	318	327.66	224.12	314.08	376.41	244.55
Inventory	9.14	3.3	-	-	-	-
Other Current Assets	3.17	3.39	3.77	2.59	2.46	8.65
Total Current Assets	784.98	784.8	719.9	886.6	1,052	379.71
Property, Plant & Equipment	81.35	86.48	91	42.07	94.65	9.72
Long-Term Investments	30.26	0.26	0.26	11.94	-	-
Goodwill	11.15	11.15	-	-	-	-
Other Intangible Assets	6.82	6.33	7.21	8.11	5.41	4.15
Long-Term Deferred Tax Assets	25.49	26.44	29.53	41.13	16.16	6.59
Long-Term Deferred Charges	2.51	3.68	4.37	5.76	10.04	9.06
Other Long-Term Assets	23.72	23.62	27.28	40.48	11.9	3.36
Total Assets	966.27	942.75	879.54	1,036	1,191	412.6
Accounts Payable	45.94	45.15	19.73	19.38	7.14	4.17
Accrued Expenses	21.14	59.18	38.61	34.91	66.21	92.7
Short-Term Debt	79.96	1.26	2.03	30.69	-	10.68
Current Portion of Leases	10.34	10.32	9.08	15.05	21.24	-
Current Income Taxes Payable	15.68	-	-	0	8.1	5.78
Current Unearned Revenue	39.2	34.45	51.65	63.54	57.84	64.97
Other Current Liabilities	14.27	14.21	6.97	7.8	14.97	6.78
Total Current Liabilities	226.52	164.56	128.07	171.36	175.51	185.09
Long-Term Leases	4.01	8.51	12.02	17.41	34.57	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0.91	-
Total Liabilities	230.53	173.08	140.09	188.77	210.99	185.09
Common Stock	90.5	64.64	64.64	64.64	40.4	30.3
Additional Paid-In Capital	678.65	702.87	701.67	701.1	724.36	41.99
Retained Earnings	-35.9	1.63	-27	81.34	203.13	155.22
Total Common Equity	733.23	769.13	739.31	847.08	967.9	227.51
Minority Interest	2.51	0.54	0.14	0.25	11.7	-
Shareholders' Equity	735.75	769.67	739.45	847.33	979.6	227.51
Total Liabilities & Equity	966.27	942.75	879.54	1,036	1,191	412.6
Total Debt	94.31	20.1	23.13	63.14	55.81	10.68
Net Cash (Debt)	360.37	430.36	468.87	506.79	617.76	115.83
Net Cash Growth	-15.70%	-8.21%	-7.48%	-17.96%	433.33%	12.86%
Net Cash Per Share	3.91	4.73	5.19	5.59	8.19	1.71
Filing Date Shares Outstanding	93.21	90.5	90.5	90.5	90.5	67.87
Total Common Shares Outstanding	93.21	90.5	90.5	90.5	90.5	67.87
Working Capital	558.46	620.24	591.83	715.24	876.92	194.63
Book Value Per Share	7.87	8.50	8.17	9.36	10.70	3.35
Tangible Book Value	715.26	751.65	732.1	838.97	962.49	223.37
Tangible Book Value Per Share	7.67	8.31	8.09	9.27	10.64	3.29
Buildings	-	62.82	60.87	0.81	27.89	2.39
Machinery	-	29.99	29.66	30.71	29.81	17.32

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