Shenzhen Q&D Circuits 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	284.61	331.26	179.3	127.53	120.58	25.62
Short-Term Investments	-	325	-	-	-	0.39
Trading Asset Securities	230	-	-	-	-	-
Cash & Short-Term Investments	514.61	656.26	179.3	127.53	120.58	26.01
Cash Growth	151.03%	266.00%	40.60%	5.76%	363.60%	2.07%
Accounts Receivable	285.33	252.77	217.89	200.22	183.05	146.01
Other Receivables	3.58	2.69	1.5	2.06	1.51	2.02
Receivables	288.91	255.46	219.39	202.27	184.56	148.03
Inventory	77.01	58.55	46.46	44.92	52.79	35.63
Other Current Assets	14.32	11.53	4.2	5.46	7.43	9.61
Total Current Assets	894.85	981.8	449.36	380.19	365.36	219.29
Property, Plant & Equipment	520.24	351.81	300.78	290.21	270.04	213.66
Other Intangible Assets	27.43	25.62	23.56	23.82	3.28	3.79
Long-Term Deferred Tax Assets	5.56	4.75	4.14	3.75	4.57	7.49
Long-Term Deferred Charges	26.22	14.4	2.87	3.92	3.89	2.31
Other Long-Term Assets	34.71	2.54	7.6	5.93	2.55	0.51
Total Assets	1,529	1,381	788.3	707.81	649.7	447.05
Accounts Payable	274.54	195.55	181.67	171.24	201.35	168.39
Accrued Expenses	17.11	30	26.2	24.18	24.2	28.19
Short-Term Debt	-	-	-	12	12.5	-
Current Portion of Long-Term Debt	7.9	1.66	0.6	14.76	24.8	-
Current Portion of Leases	-	7.1	7.95	-	-	-
Current Income Taxes Payable	15.59	6.57	3.98	1.36	1.65	2.29
Current Unearned Revenue	0.91	0.96	1.72	3.18	1.05	0.63
Other Current Liabilities	9.43	5.4	3.29	3.04	3.32	3.5
Total Current Liabilities	325.49	247.26	225.4	229.76	268.87	203.01
Long-Term Debt	0.49	0.49	1.65	2.85	-	87.9
Long-Term Leases	47.65	45.06	41.27	49.14	62.12	-
Long-Term Unearned Revenue	7.03	7.45	8.02	8.58	-	-
Long-Term Deferred Tax Liabilities	1.29	1.41	1.58	1.75	-	-
Other Long-Term Liabilities	-	-	-	-	0.19	14.39
Total Liabilities	381.93	301.68	277.92	292.08	331.18	305.3
Common Stock	75.38	75.38	56.53	56.53	56.53	50.67
Additional Paid-In Capital	652.48	650.51	213.52	210.31	205.7	28.66
Retained Earnings	417.56	351.38	238.74	147.67	56.77	62.46
Comprehensive Income & Other	1.66	1.97	1.58	1.22	-0.49	-0.04
Shareholders' Equity	1,147	1,079	510.38	415.74	318.52	141.75
Total Liabilities & Equity	1,529	1,381	788.3	707.81	649.7	447.05
Total Debt	56.04	54.32	51.47	78.75	99.43	87.9
Net Cash (Debt)	458.58	601.95	127.83	48.78	21.16	-61.89
Net Cash Growth	209.53%	370.88%	162.07%	130.56%	-	-
Net Cash Per Share	6.22	10.10	2.26	0.86	0.40	-1.22
Filing Date Shares Outstanding	75.38	75.38	56.53	56.46	56.53	50.67
Total Common Shares Outstanding	75.38	75.38	56.53	56.46	56.53	50.67
Working Capital	569.36	734.54	223.95	150.42	96.5	16.28
Book Value Per Share	15.22	14.32	9.03	7.36	5.63	2.80
Tangible Book Value	1,120	1,054	486.82	391.92	315.24	137.96
Tangible Book Value Per Share	14.85	13.98	8.61	6.94	5.58	2.72
Buildings	-	93.46	93.46	77.03	77.03	77.03
Machinery	-	312.38	290.28	225.73	199.97	185.82
Construction In Progress	-	65.42	7.38	25.14	7.49	0.08

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