Shenzhen Manst Technology Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	484.32	541.75	766.17	70.88	83.63
Trading Asset Securities	152.85	1,159	1,266	110.32	60.07
Cash & Short-Term Investments	637.16	1,701	2,033	181.2	143.71
Cash Growth	-62.55%	-16.31%	1021.78%	26.09%	26.63%
Accounts Receivable	568.9	914.24	766.37	486.77	188.92
Other Receivables	186.13	122.41	21.12	3.19	0.12
Receivables	755.02	1,037	787.5	489.96	189.04
Inventory	841.85	683.75	455.78	185.67	101.32
Prepaid Expenses	-	2.18	0.42	-	-
Other Current Assets	806.2	209.54	48.6	21.3	18.59
Total Current Assets	3,040	3,633	3,325	878.12	452.66
Property, Plant & Equipment	913.45	688.69	253.61	115.2	73.7
Long-Term Investments	125.33	18.35	9	-	-
Goodwill	36.71	51.32	51.32	-	-
Other Intangible Assets	178.84	127.44	12.79	3.52	2.6
Long-Term Deferred Tax Assets	75.31	42.34	33.14	9.44	2.32
Long-Term Deferred Charges	14.52	22.08	15.18	3.33	1.08
Other Long-Term Assets	65.06	32.16	33.35	15.2	7.96
Total Assets	4,449	4,616	3,733	1,025	540.33
Accounts Payable	339.94	666.14	263.07	137.23	80.59
Accrued Expenses	58.05	42.07	66.31	46.56	19.27
Short-Term Debt	761.78	487.78	74.89	-	1.28
Current Portion of Long-Term Debt	34.77	8.55	-	-	-
Current Portion of Leases	-	26.6	18.8	5.39	3.63
Current Income Taxes Payable	5	9.8	17.51	27.13	8.18
Current Unearned Revenue	356.41	305.95	130.6	168.71	51.13
Other Current Liabilities	65.01	79.22	104.06	75.07	28.19
Total Current Liabilities	1,621	1,626	675.24	460.09	192.27
Long-Term Debt	121.05	48.5	4.66	-	-
Long-Term Leases	26.88	40.43	44.62	16.91	15.86
Long-Term Unearned Revenue	8.05	6.27	1.05	0.67	0.69
Long-Term Deferred Tax Liabilities	0.12	0.23	17.17	3.26	0.01
Other Long-Term Liabilities	10.72	11.33	0.8	0.31	-
Total Liabilities	1,788	1,733	743.54	481.24	208.83
Common Stock	143.89	143.89	120	90	90
Additional Paid-In Capital	2,212	2,210	2,230	147.69	140.73
Retained Earnings	476.78	586.64	645.75	304.38	101.02
Treasury Stock	-144.99	-46.44	-	-	-
Comprehensive Income & Other	0.13	-0.63	0.08	-	-
Total Common Equity	2,688	2,894	2,996	542.07	331.75
Minority Interest	-25.88	-10.98	-5.99	1.51	-0.25
Shareholders' Equity	2,662	2,883	2,990	543.58	331.5
Total Liabilities & Equity	4,449	4,616	3,733	1,025	540.33
Total Debt	944.48	611.86	142.97	22.3	20.77
Net Cash (Debt)	-307.32	1,089	1,890	158.9	122.94
Net Cash Growth	-	-42.35%	1089.25%	29.25%	8.33%
Net Cash Per Share	-2.15	7.45	14.39	1.47	1.14
Filing Date Shares Outstanding	145.13	143.07	143.46	108	107.74
Total Common Shares Outstanding	145.13	143.07	144	108	107.74
Working Capital	1,419	2,007	2,650	418.03	260.39
Book Value Per Share	18.52	20.23	20.80	5.02	3.08
Tangible Book Value	2,472	2,715	2,932	538.55	329.14
Tangible Book Value Per Share	17.03	18.98	20.36	4.99	3.05
Buildings	-	84.35	38.56	4.54	4.54
Machinery	-	452.07	119.94	56.49	32.77
Construction In Progress	-	131.96	55.52	44.12	23.28

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