Qingmu Tec 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	616.24	567.6	502.26	718.69	174.39	126.26
Trading Asset Securities	180.29	307.22	457.97	389.89	-	-
Cash & Short-Term Investments	796.53	874.82	960.23	1,109	174.39	126.26
Cash Growth	-9.14%	-8.89%	-13.38%	535.70%	38.12%	49.58%
Accounts Receivable	200.13	163.34	226.95	154.53	179.89	121.72
Other Receivables	46.98	31.28	22.44	19.4	23.74	6.8
Receivables	247.11	194.63	249.39	173.93	203.63	128.52
Inventory	89.13	91.32	89.91	144.71	64.63	62.94
Prepaid Expenses	-	-	-	-	2.62	0.05
Other Current Assets	110.28	71.4	57.31	40.97	66.12	40.01
Total Current Assets	1,243	1,232	1,357	1,468	511.38	357.79
Property, Plant & Equipment	338.1	333.59	65.02	65.34	60.32	7.51
Long-Term Investments	75.3	75.58	58.33	47.64	11.39	5.34
Goodwill	5.25	5.25	5.23	-	-	-
Other Intangible Assets	47.29	48.25	48.82	0.23	0.57	0.97
Long-Term Deferred Tax Assets	3.76	2.55	7.61	3.28	1.78	1.21
Long-Term Deferred Charges	23.12	16.86	21.13	16.22	6.52	3.29
Other Long-Term Assets	11.7	1.87	3.63	2.8	6.72	-
Total Assets	1,759	1,729	1,583	1,604	598.68	376.11
Accounts Payable	74.59	102.04	30.8	34.15	9.35	0
Accrued Expenses	30.16	67.74	57.22	48.28	44.08	51.07
Short-Term Debt	25.9	7.46	-	17.64	38.65	19.69
Current Portion of Leases	19.82	23.61	20.92	25.31	15.45	-
Current Income Taxes Payable	14.27	7.15	4.13	4.98	13.91	14.98
Current Unearned Revenue	5	1.66	8.22	4.04	2.85	4.18
Other Current Liabilities	41.31	18.17	22.84	13.23	6.25	2.48
Total Current Liabilities	211.06	227.83	144.13	147.62	130.55	92.4
Long-Term Leases	66.97	79.31	13.58	31.06	28.4	-
Long-Term Deferred Tax Liabilities	1.44	1.63	2.13	2.4	1.78	0.72
Total Liabilities	282.44	308.76	159.84	181.07	160.73	93.12
Common Stock	92.54	92.54	66.67	66.67	50	50
Additional Paid-In Capital	931.34	930.51	974.41	961.9	38.34	37.09
Retained Earnings	434.42	391.79	377.92	365.84	339.82	192.1
Comprehensive Income & Other	-0	-0	-	11.78	-	-
Total Common Equity	1,458	1,415	1,419	1,406	428.17	279.19
Minority Interest	18.64	5.5	4.59	16.44	9.78	3.8
Shareholders' Equity	1,477	1,420	1,424	1,423	437.94	282.99
Total Liabilities & Equity	1,759	1,729	1,583	1,604	598.68	376.11
Total Debt	112.69	110.37	34.5	74	82.51	19.69
Net Cash (Debt)	683.84	764.45	925.73	1,035	91.88	106.57
Net Cash Growth	-19.43%	-17.42%	-10.52%	1026.06%	-13.79%	26.26%
Net Cash Per Share	7.39	8.25	9.94	11.78	1.31	1.52
Filing Date Shares Outstanding	92.54	92.54	93.33	93.33	70	70
Total Common Shares Outstanding	92.54	92.54	93.33	93.33	70	70
Working Capital	1,032	1,004	1,213	1,321	380.83	265.39
Book Value Per Share	15.76	15.29	15.20	15.07	6.12	3.99
Tangible Book Value	1,406	1,361	1,365	1,406	427.6	278.22
Tangible Book Value Per Share	15.19	14.71	14.62	15.06	6.11	3.97
Machinery	-	40.76	36.86	31.74	27.32	16.51
Construction In Progress	-	218.11	18.87	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.