Qingmu Tec 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	714.75	589.57	567.6	502.26	718.69	174.39
Trading Asset Securities	142.18	297.52	307.22	457.97	389.89	-
Cash & Short-Term Investments	856.93	887.09	874.82	960.23	1,109	174.39
Cash Growth	3.93%	1.40%	-8.89%	-13.38%	535.70%	38.12%
Accounts Receivable	204.02	221.1	163.34	226.95	154.53	179.89
Other Receivables	65.88	31.63	31.28	22.44	19.4	23.74
Receivables	269.9	252.73	194.63	249.39	173.93	203.63
Inventory	106.56	100.7	91.32	89.91	144.71	64.63
Prepaid Expenses	-	-	-	-	-	2.62
Other Current Assets	132.64	117.89	71.4	57.31	40.97	66.12
Total Current Assets	1,366	1,358	1,232	1,357	1,468	511.38
Property, Plant & Equipment	326.17	334.11	333.59	65.02	65.34	60.32
Long-Term Investments	90.59	82.1	75.58	58.33	47.64	11.39
Goodwill	5.25	5.25	5.25	5.23	-	-
Other Intangible Assets	46.81	47.13	48.25	48.82	0.23	0.57
Long-Term Deferred Tax Assets	3.02	4.05	2.55	7.61	3.28	1.78
Long-Term Deferred Charges	26.01	27.43	16.86	21.13	16.22	6.52
Other Long-Term Assets	5.6	6.11	1.87	3.63	2.8	6.72
Total Assets	1,869	1,865	1,729	1,583	1,604	598.68
Accounts Payable	71.72	76.66	102.04	30.8	34.15	9.35
Accrued Expenses	30.75	71.32	67.74	57.22	48.28	44.08
Short-Term Debt	28.36	35.7	7.46	-	17.64	38.65
Current Portion of Long-Term Debt	15.19	21.4	-	-	-	-
Current Portion of Leases	-	-	23.61	20.92	25.31	15.45
Current Income Taxes Payable	20.26	21.64	7.15	4.13	4.98	13.91
Current Unearned Revenue	5.82	4.55	1.66	8.22	4.04	2.85
Other Current Liabilities	68.01	41.6	18.17	22.84	13.23	6.25
Total Current Liabilities	240.12	272.87	227.83	144.13	147.62	130.55
Long-Term Leases	63.77	64.06	79.31	13.58	31.06	28.4
Long-Term Unearned Revenue	2.76	2.83	-	-	-	-
Long-Term Deferred Tax Liabilities	1.03	1.98	1.63	2.13	2.4	1.78
Total Liabilities	307.67	341.73	308.76	159.84	181.07	160.73
Common Stock	92.54	92.54	92.54	66.67	66.67	50
Additional Paid-In Capital	927.94	931.61	930.51	974.41	961.9	38.34
Retained Earnings	519.94	477.82	391.79	377.92	365.84	339.82
Comprehensive Income & Other	0.5	0.5	-0	-	11.78	-
Total Common Equity	1,541	1,502	1,415	1,419	1,406	428.17
Minority Interest	20.89	20.41	5.5	4.59	16.44	9.78
Shareholders' Equity	1,562	1,523	1,420	1,424	1,423	437.94
Total Liabilities & Equity	1,869	1,865	1,729	1,583	1,604	598.68
Total Debt	107.33	121.16	110.37	34.5	74	82.51
Net Cash (Debt)	749.6	765.93	764.45	925.73	1,035	91.88
Net Cash Growth	4.80%	0.19%	-17.42%	-10.52%	1026.06%	-13.79%
Net Cash Per Share	8.06	8.28	8.25	9.94	11.78	1.31
Filing Date Shares Outstanding	92.53	92.54	92.54	93.33	93.33	70
Total Common Shares Outstanding	92.53	92.54	92.54	93.33	93.33	70
Working Capital	1,126	1,086	1,004	1,213	1,321	380.83
Book Value Per Share	16.65	16.24	15.29	15.20	15.07	6.12
Tangible Book Value	1,489	1,450	1,361	1,365	1,406	427.6
Tangible Book Value Per Share	16.09	15.67	14.71	14.62	15.06	6.11
Machinery	-	-	40.76	36.86	31.74	27.32
Construction In Progress	-	-	218.11	18.87	-	-

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