Empyrean Technology 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	510.64	1,067	3,103	2,582	377.59	447.25
Short-Term Investments	-	742.08	52.93	-	-	-
Trading Asset Securities	971.27	820.71	-	1,095	60.59	-
Cash & Short-Term Investments	1,482	2,630	3,156	3,677	438.18	447.25
Cash Growth	-38.04%	-16.67%	-14.16%	739.05%	-2.03%	34.38%
Accounts Receivable	606.31	688.18	301.79	226.54	197.95	226.91
Other Receivables	12.12	51.89	24.18	14.68	19.01	3.97
Receivables	618.43	740.07	325.97	241.21	216.96	230.89
Inventory	62.51	53.77	48.14	72.05	55.32	35.9
Prepaid Expenses	-	23.33	19.06	45.76	-	-
Other Current Assets	1,010	10.06	15.32	99.54	146.39	54.27
Total Current Assets	3,173	3,457	3,564	4,135	856.85	768.3
Property, Plant & Equipment	560.43	589.23	601.28	553.53	507.25	226.34
Long-Term Investments	444.87	951.55	783.79	149.45	104.72	103.87
Goodwill	45.74	45.74	45.74	-	-	-
Other Intangible Assets	275.68	287.6	319.37	266.7	278.85	206.37
Long-Term Deferred Tax Assets	19.67	13.5	5.87	-	-	-
Long-Term Deferred Charges	6.45	4.15	2.02	10.19	24.59	10.67
Other Long-Term Assets	1,122	280.06	213.06	280.66	29.31	25.06
Total Assets	5,648	5,629	5,536	5,396	1,802	1,341
Accounts Payable	48.67	48.82	37.19	25.56	99.89	63.33
Accrued Expenses	29.88	257.06	169.41	164.24	103.83	91.83
Short-Term Debt	-	-	50.04	-	-	-
Current Portion of Long-Term Debt	43.5	14.53	8.08	13	24.85	-
Current Portion of Leases	-	26.47	16.1	13.74	18.5	-
Current Income Taxes Payable	40.92	0.48	3.14	-	-	-
Current Unearned Revenue	47.71	48.83	118.04	211.62	80.84	76.3
Other Current Liabilities	21.26	50.04	89.62	12.24	18.69	12.88
Total Current Liabilities	231.95	446.23	491.63	440.39	346.6	244.34
Long-Term Debt	12.89	33.84	48.34	53	181.61	118.23
Long-Term Leases	25.04	24.58	23.19	2.23	15.71	-
Long-Term Unearned Revenue	175.56	112.45	181.76	247.96	263.12	120.78
Long-Term Deferred Tax Liabilities	6.48	7.53	7.28	-	-	-
Total Liabilities	451.92	624.62	752.19	743.58	807.05	483.35
Common Stock	545.44	542.94	542.94	542.94	434.35	434.35
Additional Paid-In Capital	4,249	3,986	3,808	3,797	439.36	439.36
Retained Earnings	391.59	463.97	435.94	316.65	131.15	-8.16
Comprehensive Income & Other	10.1	11	-3.49	-4.3	-10.34	-8.28
Shareholders' Equity	5,196	5,004	4,783	4,652	994.52	857.27
Total Liabilities & Equity	5,648	5,629	5,536	5,396	1,802	1,341
Total Debt	81.43	99.42	145.75	81.97	240.68	118.23
Net Cash (Debt)	1,400	2,530	3,010	3,595	197.5	329.01
Net Cash Growth	-39.12%	-15.94%	-16.26%	1720.05%	-39.97%	-1.15%
Net Cash Per Share	2.55	4.62	5.55	7.56	0.45	0.98
Filing Date Shares Outstanding	545.44	542.94	542.94	542.94	434.35	434.35
Total Common Shares Outstanding	545.44	542.94	542.94	542.94	434.35	434.35
Working Capital	2,941	3,011	3,073	3,695	510.25	523.97
Book Value Per Share	9.53	9.22	8.81	8.57	2.29	1.97
Tangible Book Value	4,875	4,671	4,418	4,385	715.67	650.91
Tangible Book Value Per Share	8.94	8.60	8.14	8.08	1.65	1.50
Buildings	-	488.34	487.24	436.44	-	-
Machinery	-	233.5	202.52	160.04	508.16	50.23
Construction In Progress	-	3.87	1.35	22.68	2.55	195.6

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