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 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	485.14	530.15	450.46	359.45	165.47	102.51
Trading Asset Securities	-	-	-	132.55	404.46	571.06
Cash & Short-Term Investments	485.14	530.15	450.46	492	569.93	673.56
Cash Growth	4.40%	17.69%	-8.45%	-13.67%	-15.39%	432.40%
Accounts Receivable	321.25	353.74	322.84	219.91	305.96	367.22
Other Receivables	6.75	4.61	4.82	4.22	8.12	9.18
Receivables	328	358.36	327.66	224.12	314.08	376.41
Inventory	16.04	10	3.3	-	-	-
Other Current Assets	4.47	2.92	3.39	3.77	2.59	2.46
Total Current Assets	833.64	901.42	784.8	719.9	886.6	1,052
Property, Plant & Equipment	71.76	74.76	86.48	91	42.07	94.65
Long-Term Investments	30.27	0.27	0.26	0.26	11.94	-
Goodwill	11.15	11.15	11.15	-	-	-
Other Intangible Assets	5.29	5.79	6.33	7.21	8.11	5.41
Long-Term Deferred Tax Assets	30.38	29.29	26.44	29.53	41.13	16.16
Long-Term Deferred Charges	2.34	2.65	3.68	4.37	5.76	10.04
Other Long-Term Assets	20.13	51.4	23.62	27.28	40.48	11.9
Total Assets	1,005	1,077	942.75	879.54	1,036	1,191
Accounts Payable	47.71	57.06	45.15	19.73	19.38	7.14
Accrued Expenses	21.38	40.05	59.18	38.61	34.91	66.21
Short-Term Debt	71.06	80.39	1.26	2.03	30.69	-
Current Portion of Long-Term Debt	5.77	8.57	-	-	-	-
Current Portion of Leases	-	-	10.32	9.08	15.05	21.24
Current Income Taxes Payable	17.8	21.89	-	-	0	8.1
Current Unearned Revenue	58.28	45.35	34.45	51.65	63.54	57.84
Other Current Liabilities	12.05	12.8	14.21	6.97	7.8	14.97
Total Current Liabilities	234.06	266.12	164.56	128.07	171.36	175.51
Long-Term Leases	3.68	3.6	8.51	12.02	17.41	34.57
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.91
Total Liabilities	237.74	269.72	173.08	140.09	188.77	210.99
Common Stock	93.21	93.21	64.64	64.64	64.64	40.4
Additional Paid-In Capital	735.66	735.66	702.87	701.67	701.1	724.36
Retained Earnings	-63.78	-24.63	1.63	-27	81.34	203.13
Total Common Equity	765.09	804.24	769.13	739.31	847.08	967.9
Minority Interest	2.14	2.78	0.54	0.14	0.25	11.7
Shareholders' Equity	767.23	807.02	769.67	739.45	847.33	979.6
Total Liabilities & Equity	1,005	1,077	942.75	879.54	1,036	1,191
Total Debt	80.51	92.57	20.1	23.13	63.14	55.81
Net Cash (Debt)	404.63	437.58	430.36	468.87	506.79	617.76
Net Cash Growth	4.55%	1.68%	-8.21%	-7.48%	-17.96%	433.33%
Net Cash Per Share	4.42	4.83	4.73	5.19	5.59	8.19
Filing Date Shares Outstanding	93.22	87.57	90.5	90.5	90.5	90.5
Total Common Shares Outstanding	93.22	87.57	90.5	90.5	90.5	90.5
Working Capital	599.58	635.31	620.24	591.83	715.24	876.92
Book Value Per Share	8.21	9.18	8.50	8.17	9.36	10.70
Tangible Book Value	748.65	787.3	751.65	732.1	838.97	962.49
Tangible Book Value Per Share	8.03	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.