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	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	530.15	450.46	359.45	165.47	102.51
Trading Asset Securities	-	-	132.55	404.46	571.06
Cash & Short-Term Investments	530.15	450.46	492	569.93	673.56
Cash Growth	17.69%	-8.45%	-13.67%	-15.39%	432.40%
Accounts Receivable	353.74	322.84	219.91	305.96	367.22
Other Receivables	4.61	4.82	4.22	8.12	9.18
Receivables	358.36	327.66	224.12	314.08	376.41
Inventory	10	3.3	-	-	-
Other Current Assets	2.92	3.39	3.77	2.59	2.46
Total Current Assets	901.42	784.8	719.9	886.6	1,052
Property, Plant & Equipment	74.76	86.48	91	42.07	94.65
Long-Term Investments	0.27	0.26	0.26	11.94	-
Goodwill	11.15	11.15	-	-	-
Other Intangible Assets	5.79	6.33	7.21	8.11	5.41
Long-Term Deferred Tax Assets	29.29	26.44	29.53	41.13	16.16
Long-Term Deferred Charges	2.65	3.68	4.37	5.76	10.04
Other Long-Term Assets	51.4	23.62	27.28	40.48	11.9
Total Assets	1,077	942.75	879.54	1,036	1,191
Accounts Payable	57.06	45.15	19.73	19.38	7.14
Accrued Expenses	40.05	59.18	38.61	34.91	66.21
Short-Term Debt	80.39	1.26	2.03	30.69	-
Current Portion of Long-Term Debt	8.57	-	-	-	-
Current Portion of Leases	-	10.32	9.08	15.05	21.24
Current Income Taxes Payable	21.89	-	-	0	8.1
Current Unearned Revenue	45.35	34.45	51.65	63.54	57.84
Other Current Liabilities	12.8	14.21	6.97	7.8	14.97
Total Current Liabilities	266.12	164.56	128.07	171.36	175.51
Long-Term Leases	3.6	8.51	12.02	17.41	34.57
Long-Term Deferred Tax Liabilities	-	-	-	-	0.91
Total Liabilities	269.72	173.08	140.09	188.77	210.99
Common Stock	93.21	64.64	64.64	64.64	40.4
Additional Paid-In Capital	735.66	702.87	701.67	701.1	724.36
Retained Earnings	-24.63	1.63	-27	81.34	203.13
Total Common Equity	804.24	769.13	739.31	847.08	967.9
Minority Interest	2.78	0.54	0.14	0.25	11.7
Shareholders' Equity	807.02	769.67	739.45	847.33	979.6
Total Liabilities & Equity	1,077	942.75	879.54	1,036	1,191
Total Debt	92.57	20.1	23.13	63.14	55.81
Net Cash (Debt)	437.58	430.36	468.87	506.79	617.76
Net Cash Growth	1.68%	-8.21%	-7.48%	-17.96%	433.33%
Net Cash Per Share	4.83	4.73	5.19	5.59	8.19
Filing Date Shares Outstanding	87.57	90.5	90.5	90.5	90.5
Total Common Shares Outstanding	87.57	90.5	90.5	90.5	90.5
Working Capital	635.31	620.24	591.83	715.24	876.92
Book Value Per Share	9.18	8.50	8.17	9.36	10.70
Tangible Book Value	787.3	751.65	732.1	838.97	962.49
Tangible Book Value Per Share	8.99	8.31	8.09	9.27	10.64
Buildings	-	62.82	60.87	0.81	27.89
Machinery	-	29.99	29.66	30.71	29.81

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