Shenzhen AV-Display 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	416.89	451.37	190.78	109.19	630.99	878.42
Trading Asset Securities	496.52	525.14	773.15	953.32	300.6	-
Cash & Short-Term Investments	913.41	976.52	963.94	1,063	931.6	878.42
Cash Growth	-5.79%	1.31%	-9.28%	14.05%	6.05%	375.74%
Accounts Receivable	296.29	311.54	256.91	277.78	282.04	219.05
Other Receivables	5.34	5.4	3	3.81	4.15	7.59
Receivables	301.63	316.94	259.91	281.59	286.19	226.64
Inventory	190.24	175.98	138.84	103.86	130.17	152.28
Prepaid Expenses	-	0.77	0.54	0.96	1.2	0.92
Other Current Assets	15.15	17.44	7.57	6.04	6.74	12.66
Total Current Assets	1,420	1,488	1,371	1,455	1,356	1,271
Property, Plant & Equipment	381.56	358.26	210.17	148	156.2	131.73
Long-Term Investments	-	-	-	-	10	-
Other Intangible Assets	50.6	51.88	53.88	53.49	53.36	7.41
Long-Term Deferred Tax Assets	7.05	6.64	4.24	3.86	5.88	3.28
Long-Term Deferred Charges	7.14	7.44	10.55	11.12	13.3	10.39
Other Long-Term Assets	8.2	11.99	1.51	3.78	2.4	2.51
Total Assets	1,875	1,924	1,651	1,675	1,597	1,426
Accounts Payable	284.86	345.79	197.34	190.27	197.06	175.34
Accrued Expenses	36.3	52.04	51.11	43.19	54.44	44.12
Short-Term Debt	51.6	51.6	-	-	-	-
Current Portion of Long-Term Debt	1.45	-	-	4	-	-
Current Portion of Leases	-	1.59	7.2	8.81	8.95	3.17
Current Income Taxes Payable	2.99	0.21	0	3.06	12.07	5.64
Current Unearned Revenue	11.12	11.41	6.69	8.34	11.43	13.75
Other Current Liabilities	13.04	1.72	0.69	0.77	0.95	1.66
Total Current Liabilities	401.37	464.36	263.02	258.43	284.9	243.67
Long-Term Debt	-	-	-	34	-	-
Long-Term Leases	6.11	6.47	0.19	6.39	15.3	0.7
Long-Term Unearned Revenue	8.82	9.37	9.31	9.01	8.46	7.14
Long-Term Deferred Tax Liabilities	0.04	0.04	0.05	0.06	0.06	0.04
Total Liabilities	416.34	480.24	272.57	307.89	308.73	251.56
Common Stock	120	120	120	120	120	80
Additional Paid-In Capital	782.97	779.52	785.12	785.12	785.12	825.12
Retained Earnings	545.04	530.57	498.3	455.13	380.83	269.55
Treasury Stock	-	-	-34.64	-	-	-
Comprehensive Income & Other	-0.85	2.02	1.08	0.52	0.02	-0.01
Total Common Equity	1,447	1,432	1,370	1,361	1,286	1,175
Minority Interest	11.5	11.51	8.7	6.54	2.35	-
Shareholders' Equity	1,459	1,444	1,379	1,367	1,288	1,175
Total Liabilities & Equity	1,875	1,924	1,651	1,675	1,597	1,426
Total Debt	59.16	59.66	7.39	53.2	24.26	3.87
Net Cash (Debt)	854.25	916.86	956.55	1,009	907.34	874.55
Net Cash Growth	-11.44%	-4.15%	-5.23%	11.24%	3.75%	373.64%
Net Cash Per Share	7.20	7.71	8.02	8.42	7.58	7.42
Filing Date Shares Outstanding	120.59	120	118.57	118.75	120	120
Total Common Shares Outstanding	120.59	120	118.57	120	120	120
Working Capital	1,019	1,023	1,108	1,197	1,071	1,027
Book Value Per Share	12.00	11.93	11.55	11.34	10.72	9.79
Tangible Book Value	1,397	1,380	1,316	1,307	1,233	1,167
Tangible Book Value Per Share	11.58	11.50	11.10	10.89	10.27	9.73
Land	-	9.93	9.49	-	-	-
Buildings	-	74.61	74.61	74.61	74.61	74.37
Machinery	-	227.38	205.86	181.33	173.03	148.88
Construction In Progress	-	215.73	66.97	9.67	3.42	5.77

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